Economy and State

Nina Bandelj is Associate Professor of Sociology at the University of California, IrvineElizabeth Sowers is a Doctoral Student at the University of California, Irvine

• Detailed contents viList of Illustrations ix1 Introduction 12 Property: The State's Role in Capitalist and Socialist Economies 263 Money: The State's Role in Monetary Policy, Government Spending, and Taxation 564 Labor: The State's Role in Redistribution and Employment 845 Firms: The State's Role in Business and Industry Governance 1106 Development: The State’s Role in Advancing Economic Prosperity 1377 International and Global Economy: The State's Role in Managing the Territorial Boundaries of Economic Transactions 1648 Conclusion 192Glossary 204References 211Index 233

"Economy and State offers a wonderful introduction to the burgeoning fields of economic and political sociology, and in particular to work at the dynamic intersection of those fields. Why do labor markets, financial markets, and stock markets take on different forms at different points in time, and in different countries? What public policies and regulations are essential to the operation of these markets across settings? Bandelj and Sowers' sweeping overview shows how governments structure all aspects of the economy, large and small. Everyone interested in understanding economic behavior should read this book."Frank Dobbin, Harvard University "This smart, accessible book surveys a vast and complex terrain with clarity and insight. From the workings of monetary and fiscal policies to debates regarding the welfare state, from the origins of neoliberalism to consideration of the determinants of economic development, among many other topics, Bandelj and Sowers offer a lucid overview of key issues pertaining to the state's role in constituting the economy in contemporary society. With clear explanations, broad coverage, and a comparative emphasis, this book will provide an extraordinary resource for teaching."Greta Krippner, University of Michigan"In a world where too many people really believe there is an invisible hand coordinating economic activity, this book will come as an accessible and concise discussion of the many ways in which states are involved in the distribution and exchange of economic goods. Bandelj and Sowers have written a welcome review of the relationships that different state forms have with economic orders."Nicole Biggart, University of California