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The Political Construction of Business Interests recounts employers' struggles to define their collective social identities at turning points in capitalist development.
The Political Construction of Business Interests recounts employers' struggles to define their collective social identities at turning points in capitalist development.
This book will reorient the discussion not only of business interests, but of the welfare state and social democracy, for it explains not only the rise of peak associations, but their support for welfare state measures today. Martin and Swank explain American exceptionalism as well as any book purporting to explain it, and explain the paradox that General Motors and Citibank face, of realizing belatedly that publicly funded health insurance and pension benefits are actually in the interest of business, but realizing that the business community is unable to coalesce around this interest in socializing the costs of insurance. Because the book so cogently explains this, and because this issue will not go away in our lifetimes, the book will be relevant not only in academic debates, but in politics around the world.
Investigates to what extent business can get what it wants politically as firms and trade associations have a better understanding of the likely effects of policy than politicians and because their decisions partly determine these effects.
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.
This book analyzes the influence of business in democratic politics. Advice from business actors regularly carries more weight with policymakers than other interests because it refers to the core of the state-market nexus in democratic capitalism: the consequences for voters and policymakers of harming business and the economy. The book examines th
Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.
The book provides a systematic evaluation of the role played by business in the development of the modern welfare state. When and why have employers supported the development of institutions of social insurance that provide benefits to workers for various employment-related risks? What factors explain the variation in the social policy preferences of employers? What is the relative importance of business and labor-based organization in the negotiation of a new social policy? This book studies these critical questions, by examining the role played by German and French producers in eight social policy reforms spanning nearly a century of social policy development. The analysis demonstrates that major social policies were adopted by cross-class alliances comprising labor-based organizations and key sectors of the business community.
Building the Empire State examines the origins of American capitalism by tracing how and why business corporations were first introduced into the economy of the early republic. Brian Phillips Murphy follows the collaborations between political leaders and a group of unelected political entrepreneurs, including Robert R. Livingston and Alexander Hamilton, who persuaded legislative powers to grant monopolies corporate status in order to finance and manage civic institutions. Murphy shows how American capitalism grew out of the convergence of political and economic interests, wherein political culture was shaped by business strategies and institutions as much as the reverse. Focusing on the state of New York, a onetime mercantile colony that became home to the first American banks, utilities, canals, and transportation infrastructure projects, Building the Empire State surveys the changing institutional ecology during the first five decades following the American Revolution. Through sustained attention to the Manhattan Company, the steamboat monopoly, the Erie Canal, and the New York & Erie Railroad, Murphy traces the ways entrepreneurs marshaled political and financial capital to sway legislators to support their private plans and interests. By playing a central role in the creation and regulation of institutions that facilitated private commercial transactions, New York State's political officials created formal and informal precedents for the political economy throughout the northeastern United States and toward the expanding westward frontier. The political, economic, and legal consequences organizing the marketplace in this way continue to be felt in the vast influence and privileged position held by corporations in the present day.