First published in 1983, Recapitalizing America (now with a new preface by Donald Tomaskovic-Devey) identifies, criticizes, and offers alternatives to the accepted wisdoms of recapitalization, whose variants include not only Reaganomics and Thatcherism but also the less rigid neo-liberal and even liberal policy proposals likely to supplant them. The authors do not want simply to restore the Keynesian welfare state liberalism of the past,...