Governance of the American Economy [Paperback]

This book examines institutions that govern economic activity in the United States and the dramatic changes they have undergone since the late nineteenth century.Nine scholars examine institutions governing U.S. economic activity to isolate the dramatic changes they have undergone in contending with growing market volatility, technological progress and increasingly tense competition in the 20th century.Nine scholars examine institutions governing U.S. economic activity to isolate the dramatic changes they have undergone in contending with growing market volatility, technological progress and increasingly tense competition in the 20th century.In this tightly edited volume, a single theoretical framework is developed to explain institutional transformation in the governance of the U.S. economy in the twentieth century, and this framework is applied to case studies of eight American industries in various sectors: telecommunications, nuclear energy, railroads, steel automobiles, dairies, meatpacking, and hospitals. By governance the contributors refer to the systems of rules, procedures and norms that define ownership and control the means of production, govern transactions and determine the efficiency with which resources and information are allocated. An important new evolutionary model of the governance transformation process emerges, and a new perspective on the role of the state is developed, which argues that the volume addresses questions about the governance of capitalist economies in general.List of contributors; List of figures; List of tables; Preface; Part I. Conceptual and Historical Foundations: 1. Economic governance and the analysis of structural change in the American economy Leon N. Lindberg, John L. Campbell and J. Rogers Hollingsworth; 2. The logic of coordinating American manufacturing sectors J. Rogers Hollingsworth; Part II. Empirical Studies of Governance of the American Transformations in the United States: 3. Transformations in the governanclƒ1