The Personal is Political Economy: Leonard Bond and the American Bank War
Dr. Joshua Greenberg
This paper uses a case study of Leonard Bond, a New York City hat manufacturer in the early republic, to probe one individual’s engagement in the Bank War. Investigating how a lifetime of market activity and paper money dealings might have related to staking out a position in the fight over the fate of the Second Bank of the United States, I argue that there was no separation between personal economic activity and participation in debates over political economy. This does not mean that there was necessarily a causal relationship between one’s bank note dealings and voting preferences, but it does mean that lived experiences mattered when it came time for political engagement. The treacherous world of paper money transactions provided individuals like Leonard Bond firsthand lessons in how currency functioned and grounded entry into debates on fiscal and monetary policy and legislation.
What’s New is Old Again: Earnings Inequality Across U.S. Metropolitan Regions in the New Economy
Dr. Colby King
Substantial research has examined the impact of the new economy, alternatively referred to as the “knowledge,” “innovative,” or “creative,” economy, on urban development and work opportunities. But only recently have urban scholars examining the new economy shifted to investigating the increasingly-apparent association between new economy growth and earnings inequality. Based on two multi-level data sets collected during the rise of the new economy—the 5% sample from the 1990 and 2000 U.S. Decennial Censuses, this study examines earnings across U.S. metropolitan regions and finds that the new economy has been intrinsically linked with earnings inequality. The findings of this study suggest that the association between the new economy and inequality has existed all along, and the positive association between new economic growth and earnings inequality is not an unfortunate side effect, but an essential characteristic of the new economy.
Available at: http://works.bepress.com/colby_king/2/