The American Political Economy: Institutional Evolution of Market and Stateby Marc Allen Eisner
Pub. Date: 08/26/2010
Publisher: Taylor & Francis
Policy debates are often grounded within the conceptual confines of a state-market dichotomy, as though the two existed in complete isolation. In this innovative text, Marc Allen Eisner portrays the state and the market as inextricably linked, exploring the variety of institutions subsumed by the market and the role that the state plays in creating the… See more details below
Policy debates are often grounded within the conceptual confines of a state-market dichotomy, as though the two existed in complete isolation. In this innovative text, Marc Allen Eisner portrays the state and the market as inextricably linked, exploring the variety of institutions subsumed by the market and the role that the state plays in creating the institutional foundations of economic activity.
Through a historical approach, Eisner situates the study of American political economy within a larger evolutionary-institutional framework that integrates perspectives in American political development and economic sociology. This volume provides a rich understanding of the complexity of U.S. economic policy, explaining how public policies become embedded in bureaucracy and reinforced by organized beneficiaries and public expectations.
This path dependent layering process helps students better understand the underlying historical dynamics, which provide a clearer sense of the constraints faced by policymakers now and in the future. Thorough coverage of the entitlement crisis, globalization's impact on the U.S. political economy, and the recent financial crisis in the final chapters demonstrate the importance of this historical institutionalist framework.
- Taylor & Francis
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- New Edition
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- 5.90(w) x 8.90(h) x 0.70(d)
Table of Contents
Part I: Making Sense of the Political Economy 1. Beyond the Market-State Dichotomy 2. Making Sense of Institutions and Institutional Change Part II: The Evolution of the American Political Economy 3. The Progressive Regime and the Regulatory State 4. The Rise of the New Deal Regime 5. The Postwar Consolidation of the New Deal Regime 6. The Rise and Pause of the Keynesian Welfare State 7. The Neoliberal Regime and the Return of the Market Part III: Neoliberalism and Its Discontents 8. The Two Welfare States and the Coming Entitlement Crisis 9. The Global Economy and the Persistence of the State 10. The Financial Crisis and the Great Recession 11. Continuity and Change in the American Political Economy
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