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| Author | : Peter A. Hall |
| Publisher | : Oxford University Press |
| Total Pages | : 557 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : 0199247749 |
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
| Author | : Miklós Szanyi |
| Publisher | : Central European University Press |
| Total Pages | : 380 |
| Release | : 2020-02-01 |
| Genre | : Business & Economics |
| ISBN | : 9633863228 |
The economic crisis of 2008–2009 signaled the end of the Post-Washington Consensus on restricting the role of the state in economic and development policy. Since then, state ownership and state intervention have increased worldwide. This volume offers a comparative analysis of the evolution of direct state intervention in the economy through state-owned companies in Austria, Brazil, France, Germany, Hungary, Poland, Turkey, Singapore, and Slovenia. Each case study includes substantial explanations of historical, cultural, and institutional contexts. All the contributors point to the complex nature of the current revival in state economic interventions. The few models that are successful cannot hide the potential problems of excessive state intervention, linked to high levels of moral hazard. State-owned enterprises are primary tools of market and price manipulation for political purposes. They can be used outright for rent seeking. Yet state-owned enterprises can also play important roles in prestigious national initiatives, like major public works or high-profile social and sports events. The authors conclude that after the uniform application of democratic market economic principles, the 2000s witnessed a path-dependent departure from standard economic and political operating procedures in developed countries.
| Author | : Matthew P. Arsenault |
| Publisher | : Springer |
| Total Pages | : 209 |
| Release | : 2017-02-10 |
| Genre | : Political Science |
| ISBN | : 331950892X |
This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to nonmarket coordination mechanisms unlikely. Consensus institutions, on the other hand, promote an atmosphere of cooperation and coordination between actors, thus encouraging credible commitment to nonmarket coordination mechanisms. Qualitative case studies of Germany, Britain, and New Zealand confirm the quantitative findings and suggest that political regimes were instrumental in shaping the economic adjustment paths of these countries during the era of liberalization in the 1980s.
| Author | : M. Allen |
| Publisher | : Springer |
| Total Pages | : 182 |
| Release | : 2006-05-31 |
| Genre | : Political Science |
| ISBN | : 023050793X |
How do the environments, in which businesses operate, condition their success or failure? Such questions have long been of interest in the fields of business, economics and politics. This book thoroughly examines the main claims of the most important contribution - the Varieties of Capitalism paradigm - to this debate in recent years.
| Author | : Kathleen Thelen |
| Publisher | : Cambridge University Press |
| Total Pages | : 281 |
| Release | : 2014-03-31 |
| Genre | : Business & Economics |
| ISBN | : 1107053161 |
This book examines contemporary changes in labor market institutions in the United States, Germany, Denmark, Sweden, and the Netherlands, focusing on developments in three arenas - industrial relations, vocational education and training, and labor market policy. While confirming a broad, shared liberalizing trend, it finds that there are in fact distinct varieties of liberalization associated with very different distributive outcomes. Most scholarship equates liberal capitalism with inequality and coordinated capitalism with higher levels of social solidarity. However, this study explains why the institutions of coordinated capitalism and egalitarian capitalism coincided and complemented one another in the "Golden Era" of postwar development in the 1950s and 1960s, and why they no longer do so. Contrary to the conventional wisdom, this study reveals that the successful defense of the institutions traditionally associated with coordinated capitalism has often been a recipe for increased inequality due to declining coverage and dualization. Conversely, it argues that some forms of labor market liberalization are perfectly compatible with continued high levels of social solidarity and indeed may be necessary to sustain it.
| Author | : Wolfgang Streeck |
| Publisher | : OUP Oxford |
| Total Pages | : 320 |
| Release | : 2010-03-04 |
| Genre | : Business & Economics |
| ISBN | : 0191614459 |
Wolfgang Streeck has written extensively on comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and the recurrent difficulties of restraining the effects of capitalism on social order. In the classification of the 'Varieties of Capitalism' school, Germany has always been taken as the chief exemplar of a 'European', coordinated market economy. Streeck explores to what extent Germany actually conforms to this description. His argument is supported by original empirical research on wage-setting and wage structure, the organization of business and labor in business associations and trade unions, social policy, public finance, and corporate governance. From this evidence, Bringing Capitalism Back In traces the current liberalization of the postwar economy of democratic capitalism by means of an historically-grounded approach to institutional change. This is an important book in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.
| Author | : Randall G. Holcombe |
| Publisher | : Cambridge University Press |
| Total Pages | : 305 |
| Release | : 2018-07-19 |
| Genre | : Political Science |
| ISBN | : 1108596126 |
Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.
| Author | : Robert Elgie |
| Publisher | : Oxford University Press |
| Total Pages | : 753 |
| Release | : 2016 |
| Genre | : Political Science |
| ISBN | : 0199669694 |
The Oxford Handbook of French Politics provides a comprehensive and comparative overview of the French political system through the lens of political science. The Handbook is organized into three parts: the first part identifies foundational concepts for the French case, including chapters on republicanism and social welfare; the second part focuses on thematic large-scale processes, such identity, governance, and globalization; while the third part examines a wide range of issues relating to substantive politics and policy, among which are chapters on political representation, political culture, social movements, economic policy, gender policy, and defense and security policy. The volume brings together established and emerging scholars and seeks to examine the French political system from a comparative perspective. The contributors provide a state-of-the-art review both of the comparative scholarly literature and the study of the French case, making The Oxford Handbook of French Politics an invaluable resource for anyone interested in the foundations of contemporary political life in France.
| Author | : Jacob S. Hacker |
| Publisher | : Cambridge University Press |
| Total Pages | : 487 |
| Release | : 2021-11-11 |
| Genre | : History |
| ISBN | : 1316516369 |
Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.
| Author | : Michael A. Witt |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 754 |
| Release | : 2014 |
| Genre | : Business & Economics |
| ISBN | : 0199654921 |
The Handbook explores institutional variations across the political economies of different societies within Asia. It includes empirical analysis of 13 major Asian business systems between India and Japan, and examines these in a comparative, historical, and theoretical context.
