Research

My book manuscript, Beyond Reaganomics: The Long Economic Crisis and the Transformation of American Capitalism, examines the overlapping industrial and financial crises of the late 1970s and early 1980s. It shows the limited appeal of free market and free trade ideas amid this period of profound turbulence. At the same time, it reveals the important — but largely overlooked — role that state played in creating and shaping markets, restricting trade, and preventing corporate and municipal failures during a period of ascendant economic and racial nationalism. Market talk may have been everywhere in the so-called Reagan Era/Age of Neoliberalism, but, beneath the surface, a series of local and sectoral developmental states were constructed to respond to different crises. These developmental states exerted a powerful pull, and transformed American capitalism.