One of the few books to focus on the domestic economy, Politics and the American Economy represents an up-to-date assessment of the relationship between economics and politics in the context of America's ideology and historical experience.

The text explains basic concepts clearly and applies them using well-chosen examples, many of which students will see covered regularly in the media

The text examines how ideology shapes political choices over economic policy. This helps students to understand how America's classical liberal tradition influences the way problems are defined and alternative solutions are evaluated

Exposes myths about what constitutes "economic problems" so that students learn to distinguish myth from reality regarding economic problems and their implications

The author puts contemporary economic and political performance in a historical context so that students can see how contemporary problems and policy choices relate to historical experience.

Preface. 1. An Introduction to America's Political Economy. 2. Managing America's Economy: Fiscal and Monetary Policy. 3. Deficits and Debt. 4. America and the International Political Economy. 5. Government Regulation. 6. Falling Through Capitalism's Cracks: The Needy and Government's Obligation to Them. 7. Contemporary Performance and Future Challenges Facing America's Political Economy. Index. Glossary.