Government And The American Economy: A New History

Paperback | May 15, 2007

byPrice V. Fishback

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The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story.

America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.

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The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of Am...

Price V. Fishback is the Frank and Clara Kramer ProfessorofEconomics at the University of Arizona and a research associate of the National Bureau of Economic Research. He is the author of A Prelude to the Welfare State: The Origins of Workers' Compensation.

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Format:PaperbackDimensions:560 pages, 9 × 6 × 1.5 inPublished:May 15, 2007Publisher:University Of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0226251284

ISBN - 13:9780226251288

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Extra Content

Table of Contents

Dedication   v
   Price Fishback

List of Tables and Figures  xiii

About the Authors   xv

Foreword xvii
   Douglass C. North

1. Government and the Economy
   Price Fishback

2. Goverment in Colonial America
   Stanley L. Engerman

3. The Founding Era, 1774-1791
   Robert A. McGuire

4. Property Rights and Federal Land Policy
   Gary D. Libecap

5. Reversing Financial Reversals: Government and the Financial System since 1789
   Richard Sylla

6. The National Era
   John Joseph Wallis

7. The Civil War and Reconstruction
   Jeffrey Rogers Hummel

8. Government and the American Dilemma
   Robert A. Margo

9. The Gilded Age
   Mark Guglielmo and Werner Troesken

10. The Progressive Era
   Price Fishback

11. Government and the People: Labor, Education, and Health
   Sumner J. La Croix

12. The Federal Bureaucracy: From Patronage to Civil Service
   Gary D. Libecap

13. The New Deal
   Price Fishback

14. The World Wars
   Robert Higgs

15. The Growth of U.S. Farm Programs
   Randal R. Rucker and E. C. Pasour Jr.

16. Shaping Welfare Policy: The Role of the South
   Lee J. Alston and Joseph P. Ferrie

17. Seeking Security in the Postwar Era
   Price Fishback


Appendix A. Key Indicators of Economic and Government Activity
  John Joseph Wallis and Price Fishback
Appendix B. The Articles of the Confederation
Appendix C. The Constitution of the United States
Appendix D. The Bill of Rights
Index

Editorial Reviews

"This volume not only deftly investigates whether and to what extent these and other policies have augmented standards of living. It also recognizes that such policies produce unintended consequences, including a government--read military-industrial-congressional complex--on which we increasingly rely."