scholarly journals The American Political Economy

2021 ◽  

This volume brings together leading political scientists to explore the distinctive features of the American political economy. The introductory chapter provides a comparatively informed framework for analyzing the interplay of markets and politics in the United States, focusing on three key factors: uniquely fragmented and decentralized political institutions; an interest group landscape characterized by weak labor organizations and powerful, parochial business groups; and an entrenched legacy of ethno-racial divisions embedded in both government and markets. Subsequent chapters look at the fundamental dynamics that result, including the place of the courts in multi-venue politics, the political economy of labor, sectional conflict within and across cities and regions, the consolidation of financial markets and corporate monopoly and monopsony power, and the ongoing rise of the knowledge economy. Together, the chapters provide a revealing new map of the politics of democratic capitalism in the United States.

2020 ◽  
Vol 52 (3) ◽  
pp. 589-607
Author(s):  
Alice O’Connor

This essay explores two critical moments in the recent history of US inequality, when economic measures drew attention to gaping disparities in the American political economy: the early 1960s, when popularized social statistical reporting led to the “discovery” of, and declaration of “war” on, poverty; and the 2010s, when the “1 percent” became a potent symbol of the increasingly extreme concentration of wealth. Despite pronounced differences, both moments reveal how even the most dramatic of measurements could be, and were, used as much to minimize as to reveal the broader dimensions of inequality, in ways that help us to understand the limited political response.


Author(s):  
Udi Greenberg

This introductory chapter discusses Germany's transition from a racist dictatorship into a liberal democracy. Having fought for the Nazi regime with ferocity throughout the war, Germans performed a volte-face and, within just a few years, embraced democracy. With astonishing speed, this previously polarized and violent society developed democratic institutions, electoral organs, the rule of law, vibrant democratic norms, and an active participatory public. Two explanations have been given for Germany's rapid change. One credits the decisive role of the United States and its heavy investment in the postwar reconstruction of Germany's political institutions, economy, and educational system. In contrast, a second interpretation of Germany's transformation sees it primarily as the work of Germans. Many historians argue that Germans embraced democracy primarily because of postwar domestic conditions and experiences.


Author(s):  
Ian Kumekawa

This introductory chapter takes a brief look into the life and career of Arthur Cecil Pigou, as an economist and as a historical figure. Pigou lived through at least two periods of radical transition in the economic discipline. During the first, in the early 1900s, he was a pioneer, a new breed of economist who helped usher out the age of political economy and usher in that of economic science. As this new discipline spread throughout Britain, Europe, and the United States, Pigou's work was adopted as part of the new orthodoxy of economic thought that increasingly was leveraged by national governments. But in the subsequent period of transformation in the 1930s, Pigou found himself in an entirely different position. During this time, though he was an established “giant” of his field, the contours of his discipline were swiftly becoming unfamiliar to him.


1983 ◽  
Vol 77 (2) ◽  
pp. 368-383 ◽  
Author(s):  
John F. Manley

This article is a critique of contemporary pluralist theory as found largely in the work of Robert A. Dahl and Charles E. Lindblom. Two different forms of pluralism are distinguished and compared critically with Marxist class analysis. Pluralism, it is argued, fails to account for the reality of political and economic inequality in the United States. As a theory, pluralism is also marked by increasing tension between the underlying values and the performance of American polyarchy. The overall result is that pluralism's utility as a description and explanation of the American political economy is called into serious doubt, and a case is made for the explanatory superiority of class analysis.


Author(s):  
Lily Geismer

This introductory chapter describes the myth of Massachusetts exceptionalism in the context of suburban liberalism, and provides a brief overview of Massachusetts politics in general, particularly what it means to be a “Massachusetts liberal.” In particular, the chapter states that the suburban liberals in the Route 128 area have stood at the intersection of the political, economic, and spatial reorganizations that occurred in the United States since 1945, but they have been largely left out of the traditional frameworks of twentieth-century political and urban history. Yet the chapter argues that liberal activism in the Route 128 area illuminates several key factors about the nature of suburban politics and the relationship between national developments and the particularities of political patterns in Massachusetts.


2019 ◽  
Vol 17 (1) ◽  
pp. 5-27 ◽  
Author(s):  
Kathleen Thelen

The address situates the rise of “gig” work in the context of a much longer-term trend toward more precarious forms of employment. It explores the forces that are driving these developments and discusses the problems they pose at both the individual level and the national level. By situating the United States in a comparative perspective, it identifies the structural factors that exacerbate the problem of precarity and intensify its effects in the American political economy.


2011 ◽  
Vol 9 (3) ◽  
pp. 659-662 ◽  
Author(s):  
Brian Waddell

Jacob S. Hacker and Paul Pierson's Winner-Take-All Politics: How Washington Made the Rich Richer—And Turned Its Back on the Middle Class is both a work of political science and a contribution to broad public discussion of distributive politics. Its topic could not be more relevant to a US polity wracked by bitter partisan disagreements about taxes, social spending, financial regulation, social insecurity, and inequality. The political power of “the rich” is a theme of widespread public attention. The headline on the cover of the January–February 2011 issue of The American Interest—“Inequality and Democracy: Are Plutocrats Drowning Our Republic?”—is indicative. Francis Fukuyama's lead essay, entitled “Left Out,” clarifies that by “plutocracy,” the journal means “not just rule by the rich, but rule by and for the rich. We mean, in other words, a state of affairs in which the rich influence government in such a way as to protect and expand their own wealth and influence, often at the expense of others.” Fukuyama makes clear that he believes that this state of affairs obtains in the United States today.Readers of Perspectives on Politics will know that the topic has garnered increasing attention from political scientists in general and in our journal in particular. In March 2009, we featured a symposium on Larry Bartels's Unequal Democracy: The Political Economy of the New Gilded Age. And in December 2009, our lead article, by Jeffrey A. Winters and Benjamin I. Page, starkly posed the question “Oligarchy in the United States?” and answered it with an equally stark “yes.” Winner-Take-All Politics thus engages a broader scholarly discussion within US political science, at the same time that it both draws upon and echoes many “classic themes” of US political science from the work of Charles Beard and E. E. Schattschneider to Ted Lowi and Charles Lindblom.In this symposium, we have brought together a group of important scholars and commentators who offer a range of perspectives on the book and on the broader themes it engages. While most of our discussants are specialists on “American politics,” we have also sought out scholars beyond this subfield. Our charge to the discussants is to evaluate the book's central claims and evidence, with a focus on three related questions: 1) How compelling is its analysis of the “how” and “why” of recent US public policy and its “turn” in favor of “the rich” and against “the middle class”? 2) How compelling is its critique of the subfield of “American politics” for its focus on the voter–politician linkage and on “politics as spectacle” at the expense of an analysis of “politics as organized combat”? 3) And do you agree with its argument that recent changes in US politics necessitate a different, more comparative, and more political economy–centered approach to the study of US politics?—Jeffrey C. Isaac, Editor


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