Klappentext: "From Interwar Pluralism to Postwar Neoclassicism" seeks to change assumptions about American economics during the transformative period between the world wars. The twelve essays by respected economists and historians collected here take a precise look at the mechanisms that brought...

It is regularly stated that political fragmentation has negative effects on reforms leading to delays or even blockades. This connection is reflected in the ‘weak government hypothesis’ arguing that fragmented governments create higher budget deficits. Although the assumption seems logical,...