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8 - Mo’ Patents, Mo’ Problems: Corporate Strategy, Structure, and Profitability in America’s Political Economy

from III - Corporate Power and Concentration

Published online by Cambridge University Press:  29 October 2021

Jacob S. Hacker
Affiliation:
Yale University, Connecticut
Alexander Hertel-Fernandez
Affiliation:
Columbia University, New York
Paul Pierson
Affiliation:
University of California, Berkeley
Kathleen Thelen
Affiliation:
Massachusetts Institute of Technology
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Summary

How has America’s political economy changed from the long post-war “Fordist” era to the contemporary post-Fordist or knowledge economy? How has this shift affected economic growth and inequality of income and regions? Most analyses focus on specific aspects, like aggregate income inequality, or the rise of a shareholder value model for corporate governance, or increased trade competition (aka globalization), or the financial sector’s disproportionate power and profitability (aka financialization).

Type
Chapter
Information
The American Political Economy
Politics, Markets, and Power
, pp. 247 - 269
Publisher: Cambridge University Press
Print publication year: 2021

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