The relationship between the state and the market has been an important area of scholarly inquiry in many academic disciplines. In The Fourth Branch, Brian J. Cook examines state-market interaction through the role of the administrative state in the United States' commercial republic. Cook defines a commercial republic as a political regime that “conjoins popular, limited, and active government… and a market system anchored in a broad domain of private property rights and centered on business enterprise” (p. 13). Since administration is one of the main points of contact between the government and the various interests within the polity, Cook posits, the structure of the administrative state is crucial for the proper functioning of the American commercial republic.
In the first half of The Fourth Branch, Cook reviews the evolution of the state-market relationship in the United States. The changing social basis of the regime is of particular importance for Cook's discussion as he documents how it evolved from the Madisonian preference for a landed economic class to the Hamiltonian belief that it should revolve around a new capital-holding class. The primary consequence of this development is that business interests now dominate the administrative state, which, Cook argues, undermines the aims of a commercial republic.<
To continue reading, see options above.
Crossing the Aisle: Party Switching by U.S. Legislators in the Postwar Era, Antoine Yoshinaka Reviewed by Joel Sievert
Join the Academy of Political Science and automatically receive Political Science Quarterly.
Ukraine, Russia, and the West
Publishing since 1886, PSQ is the most widely read and accessible scholarly journal with distinguished contributors such as: Lisa Anderson, Robert A. Dahl, Samuel P. Huntington, Robert Jervis, Joseph S. Nye, Jr., Theda Skocpol, Woodrow Wilsonview additional issues
Articles | Book reviews
CHINA IN A WORLD OF GREAT POWER COMPETITION
The Academy of Political Science, promotes objective, scholarly analyses of political, social, and economic issues. Through its conferences and publications APS provides analysis and insight into both domestic and foreign policy issues.
With neither an ideological nor a partisan bias, PSQ looks at facts and analyzes data objectively to help readers understand what is really going on in national and world affairs.