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Mountains of DebtCrisis and Change in Renaissance Florence, Postwar Britain, and Postwar America$
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Michael Veseth

Print publication date: 1991

Print ISBN-13: 9780195064209

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195064209.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 July 2021

The Changing Structure of American Government

The Changing Structure of American Government

(p.153) 7 The Changing Structure of American Government
Mountains of Debt

Michael Veseth

Oxford University Press

The vast and unexpected structural changes in the postwar economy have had a great impact on the size and shape of government in the United States. The entire government sector of the economy, especially the federal government sector, have experienced large and unexpected structural changes in response to the “revolutions” that have swept through the economy. This chapter discusses how these changes have affected the fiscal institutions of government and therefore how and why we have come to experience fiscal crisis. It focuses on the way that the structure of U.S. government in the postwar years has been shaped by the forces of structural change in the economy. It looks more closely at the other side of the interrelationship, examining how the shifts and movements in the structure of government have impacted the economy and affected its ability to adapt to the emerging, new, world economy.

Keywords:   structural changes, government, United States, fiscal crisis, economy

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