American Political Economy Institutional Evolution of Market and State

ISBN-10: 0415708214

ISBN-13: 9780415708210

Edition: 2nd 2013 (Revised)

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Description: 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. The revisions to the second edition include: Complete rewrite of the chapter on the recent financial crisis, adding in commentary on the debt ceiling, the fiscal cliff, and other recent events. New material added and existing material updated in the chapter discussing the two welfare states. Extensive updates to the coverage of the global economy Expanded and updated discussion of Obama's economic policies. Updates to figures and data throughout the text.

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Book details

List price: $38.99
Edition: 2nd
Copyright year: 2013
Publisher: Taylor & Francis Group
Publication date: 12/11/2013
Binding: Paperback
Pages: 280
Size: 6.00" wide x 8.75" long x 0.75" tall
Weight: 1.056
Language: English

Making Sense of the Political Economy
Beyond the Market-State Dichotomy
Making Sense of Institutions and Institutional Change
The Evolution of the American Political Economy
The Progressive Regime and the Regulatory State
The Rise of the New Deal Regime
The Postwar Consolidation of the New Deal Regime
The Rise and Pause of the Keynesian Welfare State
The Neoliberal Regime and the Return of the Market
Neoliberalism and Its Discontents
The Two Welfare States and the Coming Entitlement Crisis
The Global Economy and the Persistence of the State
The Financial Crisis
Crisis, Continuity, and Change: The Great Recession in the American Political Economy
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