In the American federal system, states actively compete for jobs, business investment, and factory locations. Labor costs have played an important role in such interstate competition since the days of the pre-Civil War plantation economy. In recent years, however, global economic trends have put added pressures on businesses and government to reduce labor costs. At least, that is what most politicians, the media, and the business community believe.

Globalization and the Politics of Pay examines the economic, political, and social causes and consequences of declining wages in the United States. It challenges the conventional wisdom that globalization is to blame for the decline in workers' earnings. Susan B. Hansen presents a comprehensive analysis of the many factors affecting labor costs and concludes that many of them result from choices made by the states themselves through the laws and policies they enact. In addition, free-market ideologies and low voter turnout have had greater effects in keeping wages down than globalization. In fact, foreign trade and investment can actually result in higher pay in the state labor market.

In this rigorous yet surprising study, Hansen develops new measures of state and federal labor costs to test competing theories of the consequences of reducing wages and benefits. Most economists would argue that higher labor costs cause higher unemployment, and that reducing labor costs will lead to higher levels of job creation. But citizens and elected officials must weigh any employment gains in lower-wage jobs against slower state economic growth, declining personal income, and a less-competitive position in international trade. Cutting state labor costs is shown to have adverse social consequences, including family instability, high crime rates, poverty, and low voter turnouts. The book concludes with policy recommendations for state governments trying to balance their need for more jobs with policies to enhance productivity, living standards, social stability, and international competitiveness.

A great deal of reactionary political fire in the Mountain West has been aimed at environmental protection measures that are perceived to have destroyed or diminished the livelihoods of long-time residents. Conventional wisdom sees the economic woes afflicting the region -- declining pay, growing inequality, persistent poverty -- as a direct result of increasingly strict environmental regulations that have crippled natural resource industries such as mining and logging.In Post-Cowboy Economics, economists Thomas Michael Power and Richard Barrett provide a new interpretation of the economy of the Mountain West. Based on evidence from a wide variety of sources, including data on individual employment and income histories of more than 300,000 residents, they clearly demonstrate that the region's economic misfortunes are not the result of changes in regional industrial structure but rather are local manifestations of pervasive national and international trends. The authors: discuss and critique entrenched conventional wisdom and its policy implications present an empirical analysis of changes in the region offer a new interpretation of events affecting the regional economy set forth public policies that will work to protect and enhance the economic well-being of its residents and communitiesThe authors' analysis and interpretation make a compelling case that despite incomes that are low compared to the rest of the country, the region is not suffering from general impoverishment, and that environmental protection, rather than threatening economic well-being, enhances welfare and protects the very source of the economic vitality that the Mountain West enjoys. Throughout, they argue that fearful, crisis driven environmental and economic development policies are unnecessary and inappropriate, and often counterproductive.Post-Cowboy Economics is an important work for professionals and scholars involved with environmental policy, economic development, and resource management, as well as anyone interested in the future of the American West."

An incisive account of the crucial role money played in the formation and development of British North America.
 
Promise to Pay follows America’s first paper money—the “bills of credit” of British North America—from its seventeenth-century origins as a means of war finance to its pivotal role in catalyzing the American Revolution. Katie A. Moore combs through treasury records, account books, and the bills themselves to tell a new story of money’s origins that challenges economic orthodoxy and mainstream histories. Promise to Pay shows how colonial governments imposed paper bills on settler communities through existing labor and kinship relations, their value secured by thousands of individual claims on the public purse—debts—and the state’s promise to take them back as payment for taxes owed. Born into a world of hierarchy and deference, early American money eroded old social ties and created new asymmetries of power, functioning simultaneously as a ticket to the world of goods, a lifeline for those on the margins, and a tool of imperial domination.

Grounded in sustained engagement with scholarship from multiple disciplines, Promise to Pay breathes new life into old debates and offers an incisive account of the centrality of money in the politics and conflicts of empire, community, and everyday life.