Political Economy of the United States

Joel W. Johnson

• Publisher: Routledge
• Year: 2018
• eBook ISBN: 9781351034609
• Topic: Politics & International Relations
• Subtopic: Political Economy
• Index: Politics & International Relations

How have the policies of recent administrations shaped today's economy? To what extent has federal policy contributed to growth in income inequality? Why have the parties become so polarized and how has polarization influenced economic policy? This book provides an introduction to the contemporary political economy of the United States. It examines the politics of economic policymaking, the influence of federal policies and programs on the economy, and the co-evolution of politics and the economy over the past five decades. Along the way, it explains the causes and consequences of many contemporary phenomena, such as the government's deficits and debt and the ideological polarization of the parties.

The book is divided into two parts. The first half explains how America's political economy "works." It explains what the federal government does, why it does what it does, and how its policies influence the economy. The second half explains "how we got here" with a review of major political and economic developments since the 1970s, all the way up to the early years of the Trump Administration. This weaving together of theory and history provides both the tools and the context so that readers can properly understand the nation's current-day politics and policy debates.

Table of contents

• Cover
• Half-Title
• Series
• Title
• Copyright
• Dedication
• Contents
• List of figures
• List of tables
• Boxes
• Acknowledgements
• 1 Democratic Political Economy in the United States
• PART I Economic Policies and Political Economy
• PART II The Evolution of US Political Economy
• Index