This book explores family economic decision-making in the United States from the nineteenth century through present day, specifically looking at the relationship between family resource allocation decisions and government policy. It examines how families have responded to incentives and...

The publication of Alexis de Tocqueville’s Democracy in America has kindled interest across disciplines to appraise the exceptional nature of U.S. activities. In general, however, all the published works have not focused their analyses from an economic point of view. While economics was for...

1. The Benefits and Perils of Globalization -- 2. Key Markers in the Global Integration of the US Economy -- 3. Trade Globalization and the US Economy -- 4. The Special Role of the United States in the Global Financial System -- 5. The United States as a Major Destination for Migratory Flows --...

1. Introduction -- 2. Debt Is the Price of Liberty -- 3. Bounded by War -- 4. Building a Visible Government -- 5. The End of Balanced Budgets -- 6. In Pursuit of Full Employment -- 7. A New Era of Congressional Budgeting -- 8. Breaking up the Budget Process

When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved. But is it?...