The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years?

Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption.

These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.

During the five full years of his presidency (1964–1968), Lyndon Johnson initiated a breathtaking array of domestic policies and programs, including such landmarks as the Civil Rights Act, Head Start, Food Stamps, Medicare and Medicaid, the Immigration Reform Act, the Water Quality Act, the Voting Rights Act, Social Security reform, and Fair Housing. These and other “Great Society” programs reformed the federal government, reshaped intergovernmental relations, extended the federal government’s role into new public policy arenas, and redefined federally protected rights of individuals to engage in the public sphere. Indeed, to a remarkable but largely unnoticed degree,Johnson’s domestic agenda continues to shape and influence current debates on major issues such as immigration, health care, higher education funding, voting rights, and clean water, even though many of his specific policies and programs have been modified or, in some cases, dismantled since his presidency.

LBJ’s Neglected Legacy examines the domestic policy achievements of one of America’s most effective, albeit controversial, leaders. Leading contributors from the fields of history, public administration, economics, environmental engineering, sociology, and urban planning examine twelve of LBJ’s key domestic accomplishments in the areas of citizenship and immigration, social and economic policy, science and technology, and public management. Their findings illustrate the enduring legacy of Johnson’s determination and skill in taking advantage of overwhelming political support in the early years of his presidency to push through an extremely ambitious and innovative legislative agenda, and emphasize the extraordinary range and extent of LBJ’s influence on American public policy and administration.

Many social policies of the 1960s and 1970s, designed to overcome poverty and provide a decent minimum standard of living for all Americans, ran into trouble in the 1980s—with politicians, with social scientists, and with the American people. Nathan Glazer has been a leading analyst and critic of those measures. Here he looks back at what went wrong, arguing that our social policies, although targeted effectively on some problems, ignored others that are equally important and contributed to the weakening of the structures—family, ethnic and neighborhood ties, commitment to work—that form the foundations of a healthy society. What keeps society going, after all, is that most people feel they should work, however well they might do without working, and that they should take care of their families, however attractive it might appear on occasion to desert them.

Glazer proposes new kinds of social policies that would strengthen social structures and traditional restraints. Thus, to reinforce the incentive to work, he would attach to low-income jobs the same kind of fringe benefits—health insurance, social security, vacations with pay—that now make higher-paying jobs attractive and that paradoxically are already available in some form to those on welfare. More generally, he would reorient social policy to fit more comfortably with deep and abiding tendencies in American political culture: toward volunteerism, privatization, and decentralization.

After a long period of quiescence, social policy and welfare reform are once again becoming salient issues on the national political agenda. Nathan Glazer’s deep knowledge and considered judgment, distilled in this book, will be a source of advice, ideas, and inspiration for citizens and policymakers alike.