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The American Political Economy: Institutional Evolution of Market and State, by Marc Allen Eisner
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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.
- Sales Rank: #1081307 in Books
- Published on: 2010-08-18
- Released on: 2010-09-17
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .58" w x 6.00" l, .80 pounds
- Binding: Paperback
- 256 pages
Review
"There has long been a need for a readable introductory survey and synthesis of recent scholarship on the evolution of U.S. economic policy-making at the federal level over the last century or so. Dr. Eisner has now provided us with one that is both historically concrete and well-aware of the most important methodological controversies in the literature."
—Paul M. Johnson, Auburn University
"This timely book is a concise, clear, balanced, and thoughtful analysis of the nation’s momentous economic problems and their origins. Eisner expertly synthesizes the intertwined growth of government and economic institutions over the past century, and shows that this history is indispensable for understanding today’s American dilemmas of social welfare, globalization, the financial crisis, and the recession. The American Political Economy provides an essential foundation for coming to grips with contemporary American politics and policy."
—David Robertson, University of Missouri
"Conventional approaches to the study of public policy tell us that there are states and there are markets and never the twain shall meet. Marc Allen Eisner persuasively demonstrates not only that they have met but that they are joined cheek to jowl."
—Richard Bensel, Cornell University
About the Author
Marc Allen Eisner is Henry Merritt Writson Chair of Public Policy and professor of government at Wesleyan University. He is the author or co-author of several books on public policy and American political economy.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Excellent up-to-date primer on American political economy
By Ellie Sage
I have selected this book as a key text in my undergraduate course on regulatory policy in American business. It is the best I've seen out there for the rise of the regulatory state as seen in historical context. Critical to the understanding of regulation and deregulation in America is the specific events in history leading to each movement. Published in 2011, even the coverage of the 2008 financial collapse and the aftermath (what little there is so far) is included and discussed with insight and precision.
I would highly recommend this book to others interested in the historical and future interaction of market and state in our economy. Eisner's writing is concise, informative and inviting.
0 of 4 people found the following review helpful.
Hard to Understand
By SlumberySlinky2
I had to purchase this book for a government and business class. It is really hard to understand. If you have a lot of experience in academia then maybe you'll have better luck than me. I had to look up a term or definition in every sentence. It contains a lot of information but it could be better written.
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