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The Politics of Free Markets
The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany? In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because...
The Land of Too Much
The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political eco...
Problem-Solving Sociology
A broad resource that offers tools for how to conduct problem-solving sociology in order to deepen and reformulate our understanding of society. Most students arrive in graduate sociology programs eager to engage with the pressing social and political issues of the day. Yet that initial enthusiasm does not always survive the professional socialization of graduate school. In Problem-Solving Sociology, Monica Prasad shows graduate students and early career sociologists how to conduct research that uses sociological theory to help solve real-world problems, and how to use problem-solving to improve sociological theory. Prasad discusses how to be objective when examining issues of injustice and oppression, and provides methodological strategies and plenty of exercises for research aimed at creating change. She gives examples throughout of problem-solving research conducted at all levels, from undergraduate theses to the major figures of the discipline. She also considers how to respond to some common objections; where problem-solving fits into the landscape of sociological practice; and how to build a life in problem-solving.
The New Fiscal Sociology
This volume presents sixteen essays by comparative historical scholars who offer a survey of the new fiscal sociology.
Starving the Beast
Since the Reagan Revolution of the early 1980s, Republicans have consistently championed tax cuts for individuals and businesses, regardless of whether the economy is booming or in recession or whether the federal budget is in surplus or deficit. In Starving the Beast, sociologist Monica Prasad uncovers the origins of the GOP’s relentless focus on tax cuts and shows how this is a uniquely American phenomenon. Drawing on never-before seen archival documents, Prasad traces the history of the 1981 tax cut—the famous “supply side” tax cut, which became the cornerstone for the next several decades of Republican domestic economic policy. She demonstrates that the main impetus behind this t...
Government and Markets
After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.
Declarations of Dependence
Critique after modern monetary theory -- Transcending the aesthetic -- Declarations of dependence -- Medium congruentissimum -- Allegories of the aesthetic -- Becoming second nature
Race and the Origins of American Neoliberalism
Why did the United States forsake its support for public works projects, public schools, public spaces, and high corporate taxes for the neoliberal project that uses the state to benefit businesses at the expense of citizens? The short answer to this question is race. This book argues that the white response to the black civil rights movement in the 1950s, '60s, and early '70s inadvertently created the conditions for emergence of American neoliberalism. Neoliberalism is the result of an unlikely alliance of an elite liberal business class and local segregationists that sought to preserve white privilege in the civil rights era. The white response drew from a language of neoliberalism, as the...
The Bonds of Inequality
Indebtedness, like inequality, has become a ubiquitous condition in the United States. Yet few have probed American cities’ dependence on municipal debt or how the terms of municipal finance structure racial privileges, entrench spatial neglect, elide democratic input, and distribute wealth and power. In this passionate and deeply researched book, Destin Jenkins shows in vivid detail how, beyond the borrowing decisions of American cities and beneath their quotidian infrastructure, there lurks a world of politics and finance that is rarely seen, let alone understood. Focusing on San Francisco, The Bonds of Inequality offers a singular view of the postwar city, one where the dynamics that dr...
The Economy of Promises
A comprehensive and illuminating account of the history of credit in America—and how it continues to divide the haves from the have-nots The Economy of Promises is a far-reaching study of credit in nineteenth- and twentieth-century America. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitch together the modern U.S. economy. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Each promise poses a fundamental question: why does the lender trust the borrower? The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements o...
