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CS92PROD
US Political Economy: State, Markets, and the Dynamics of Change
GOVT 220
Fall 2022
Section: 01  

The past century has witnessed dramatic changes in the US political economy. Many of these changes stemmed from the policies and institutions introduced during the New Deal, which created a foundation for a period of great prosperity in the immediate postwar period--a quarter century of steady growth, low inflation and unemployment, and declining inequality. Yet, by the mid-1970s, the nation was mired in stagflation and subsequent decades brought a significant departure from the earlier policy mix. The US entered a period of stagnant wages, growing inequality, and heightened vulnerability to a host of risks, all of which contributed to the severity of the financial crisis of 2007-08, the Great Recession, and the slow recovery thereafter. In this course, we will explore the critical role of policy and institutions in shaping economic performance, the factors that contributed to their erosion, and the factors that shape and limit the options available to contemporary policymakers.
Credit: 1 Gen Ed Area Dept: SBS GOVT
Course Format: Lecture / DiscussionGrading Mode: Graded
Level: UGRD Prerequisites: None
Fulfills a Major Requirement for: (GOVT)(GOVT-American)
Past Enrollment Probability: 50% - 74%

Last Updated on FEB-01-2023
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