Political economy addresses a wide range of issues, including the ways in which public policies and institutions shape economic performance and the distribution of economic power, the impact of public policies on the evolution of economic institutions and relationships over time, and the ways in which economic performance impinges upon governmental decision making and political stability. This course examines the American political economy. We are thus concerned with examining the above-mentioned issues to better understand how patterns of state-economy relations have changed over the course of the past century and the ways in which this evolutionary process has affected and reflected the development and expansion of the American state. The course will begin with an examination of competing perspectives on property rights, markets, the state, labor, and corporations. It will turn to an exploration of the political economy as it evolved in the past century and end with a discussion of contemporary challenges.