Whither the History of U.S. Capitalism?

After a period of effervescence, it seems that now is a good time to pause and assess the history of U.S. capitalism.In this viewpoint essay, I reflect on the energy the "New History of Capitalism" brought to the study of political economy, review some of the dominant trends in a very eclectic field, and propose how a focus on the state could help push the field forward towards an historicized and transnationalized understanding of capitalism.