New Books in Economic and Business History cover image

New Books in Economic and Business History

Sidney A. Shapiro and Joseph P. Tomain, "How Government Built America" (Cambridge UP, 2024)

Dec 1, 2024
Sidney A. Shapiro, a law professor specializing in administrative law, and Joseph P. Tomain, Dean Emeritus with a focus on energy and regulatory policy, discuss how government has been key to America's development despite rising anti-government sentiments. They tackle the balance between individualism and communal interests throughout history, examining figures from Lincoln to Trump. The conversation critiqued market myths and emphasized the need for government intervention in economic fairness, while also reflecting on the complexities of globalization and shifting political ideologies.
01:28:49

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast emphasizes the crucial partnership between government and markets in developing American infrastructure, showcasing how government support has historically boosted productivity.
  • It challenges prevalent myths of individualism by advocating for the importance of collective democratic values in shaping America's identity and policies.

Deep dives

The Role of Government in Economic Development

Government plays a crucial role in developing the economy, intertwining with markets to facilitate infrastructure projects that boost productivity. Throughout American history, initiatives like the construction of roads, bridges, and railways have demonstrated how governmental support underpins market activities. For instance, the establishment of land grant universities and support for the expansion of the Midwest significantly advanced agricultural practices and education, reinforcing Lincoln's vision of equality of opportunity. These efforts illustrate that a successful economy is often a product of collaborative efforts between governmental institutions and market forces.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner