G. Calvin Mackenzie holds the endowed chair of Distinguished Presidential Professor of American Government and is chair of the Department of Government at Colby College. Saranna Thornton is assistant professor of economics at Colby College.

• Preface -- 1 The American Economy: Concepts and Theories --2 Development of the Modern Political Economy -- 3 Making Economic Policy -- 4 Dilemmas of Contemporary Economic Policy -- 5 Looking to the Future