Pub Date : 2021-11-11DOI: 10.1017/9781009029841.013
L. Barnes
{"title":"Public Investment in the Knowledge Economy","authors":"L. Barnes","doi":"10.1017/9781009029841.013","DOIUrl":"https://doi.org/10.1017/9781009029841.013","url":null,"abstract":"","PeriodicalId":336308,"journal":{"name":"The American Political Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126345192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-11DOI: 10.1017/9781009029841.008
J. Grumbach, Jacob S. Hacker, P. Pierson
{"title":"The Political Economies of Red States","authors":"J. Grumbach, Jacob S. Hacker, P. Pierson","doi":"10.1017/9781009029841.008","DOIUrl":"https://doi.org/10.1017/9781009029841.008","url":null,"abstract":"","PeriodicalId":336308,"journal":{"name":"The American Political Economy","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125512862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-11DOI: 10.1017/9781009029841.002
N. Kelly, Jana Morgan
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{"title":"Hurdles to Shared Prosperity: Congress, Parties, and the National Policy Process in an Era of Inequality","authors":"N. Kelly, Jana Morgan","doi":"10.1017/9781009029841.002","DOIUrl":"https://doi.org/10.1017/9781009029841.002","url":null,"abstract":", of","PeriodicalId":336308,"journal":{"name":"The American Political Economy","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123735799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-11DOI: 10.1017/9781009029841.014
Ben W. Ansell, J. Gingrich
In the past decades, two features of the American political economy have been at the heart of policy and political debates growing income inequality and growing regional inequality. The period since the 1980s witnessed a dramatic reversal in the post-war fall in inequality, with a rising of share of income earned by the wealthiest Americans (Piketty and Saez 2003). Before taxes and transfers, the incomes of the top 1% of American now constitute over 20% of total income, with close to half of all income earned by the top 10% of earners.1 Inequalities in income mirror inequalities in other domains: education, health, and happiness (Case and Deaton 2015).
在过去的几十年里，美国政治经济学的两个特征一直是政策和政治辩论的核心:收入不平等和地区不平等加剧。自上世纪80年代以来，战后不平等程度下降的趋势出现了戏剧性逆转，最富有的美国人在收入中所占的比例上升(Piketty and Saez, 2003)。在扣除税收和转移支付之前，收入最高的1%的美国人的收入占总收入的20%以上，而收入最高的10%的美国人的收入几乎占总收入的一半收入不平等反映了其他领域的不平等:教育、健康和幸福(Case和Deaton 2015)。
{"title":"Concentration and Commodification: The Political Economy of Postindustrialism in America and Beyond","authors":"Ben W. Ansell, J. Gingrich","doi":"10.1017/9781009029841.014","DOIUrl":"https://doi.org/10.1017/9781009029841.014","url":null,"abstract":"In the past decades, two features of the American political economy have been at the heart of policy and political debates growing income inequality and growing regional inequality. The period since the 1980s witnessed a dramatic reversal in the post-war fall in inequality, with a rising of share of income earned by the wealthiest Americans (Piketty and Saez 2003). Before taxes and transfers, the incomes of the top 1% of American now constitute over 20% of total income, with close to half of all income earned by the top 10% of earners.1 Inequalities in income mirror inequalities in other domains: education, health, and happiness (Case and Deaton 2015).","PeriodicalId":336308,"journal":{"name":"The American Political Economy","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126895544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Who holds power in corporate America? Scholars have invariably answered this question in the language of ownership and control. This paper argues that tackling this question today requires a new language. Whereas the comparative political economy literature has long treated dispersed ownership and weak shareholders as core features of the U.S. political economy, a century-long process of re-concentration has consolidated shareholdings in the hands of a few very large asset management companies. In an historically unprecedented configuration, this emerging asset manager capitalism is dominated by fully diversified shareholders that lack direct economic interest in the performance of individual portfolio companies. The paper compares this new corporate governance regime to its predecessors; reconstructs the history of the growth and consolidation of the asset management sector; and examines the political economy of asset manager capitalism, both at the firm level and at the macroeconomic level.
{"title":"Asset Manager Capitalism as a Corporate Governance Regime","authors":"Benjamin Braun","doi":"10.31235/OSF.IO/V6GUE","DOIUrl":"https://doi.org/10.31235/OSF.IO/V6GUE","url":null,"abstract":"Who holds power in corporate America? Scholars have invariably answered this question in the language of ownership and control. This paper argues that tackling this question today requires a new language. Whereas the comparative political economy literature has long treated dispersed ownership and weak shareholders as core features of the U.S. political economy, a century-long process of re-concentration has consolidated shareholdings in the hands of a few very large asset management companies. In an historically unprecedented configuration, this emerging asset manager capitalism is dominated by fully diversified shareholders that lack direct economic interest in the performance of individual portfolio companies. The paper compares this new corporate governance regime to its predecessors; reconstructs the history of the growth and consolidation of the asset management sector; and examines the political economy of asset manager capitalism, both at the firm level and at the macroeconomic level.","PeriodicalId":336308,"journal":{"name":"The American Political Economy","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126392919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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