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Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research.
Contains papers that appeal to a broad and global readership in all fields of economics.
From the Revolution until the Panic of 1837 Americans accepted state intervention in the economy as a legitimate, even an essential, function of government. The Decline of Authority examines the transformation of New York State government between 1800 and 1860, a critical period during which governmental authority diminished as most state governments withdrew from interventionist economic policies and relinquished their role in the allocation of resources to the private sector. Exploring the relationship between socioeconomic change, public economic policy, and political development, L. Ray Gunn offers an innovative explanation for the new configuration of politics and governance in New York State that emerged during this era.