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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.
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.
This book sets the experiences of former communist countries as they head towards capitalism against the 'varieties of capitalism' paradigm, and provides a framework for comparing transformation processes, demonstrating how differing heritages of communist and pre-communist pasts are leading to different kinds of capitalist economies.
Peter Hall and David Soskice's Varieties of Capitalism has become a seminal text and reference point across the social sciences, generating debate and research around political-economic models. Here, Bob Hancké presents the key readings on 'Varieties of Capitalism', including the original Hall and Soskice introduction, which encompass the key issues in the study of capitalism and capitalist diversity, its origins, and the debates that followed it. Beginning with the broad theoretical arguments around the idea of 'Varieties of Capitalism', the book then goes on to focus on specific empirical controversies, before finally considering recent attempts at rethinking this influential framework. The Debating Varieties of Capitalism Reader is the perfect guide to understanding this set of ideas that have changed the way we look at comparative political economy.
This paper attempts to shed light on some of the unstated assumptions of the varieties of capitalism framework by comparing it with its 'close relative'-that is, transaction cost economics-as well as neoclassical economics. These comparisons show that, within the varieties of capitalism approach, actors' strategic preferences are assumed to be endogenous to the institutional environment in which they operate. Moreover, important institutions are assumed to be uniformly spread across firms within a national economy. This latter presupposition ultimately makes the varieties of capitalism framework a structuralist approach. Despite its claims to the contrary that it is an actor-centred approach, the varieties of firms paradigm treats the varieties of firms as irrelevant. It is this variety that is lacking in the approach, and that needs to be addressed in any empirical assessments of it.
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.
Over the past twenty years there has emerged a compelling new discourse on varieties of capitalism. That discourse has an appealing common sense which challenges the view there is no alternative to free market capitalism. The initial view had a microeconomic focus that made firms the fulcrum of analysis. It distinguished between liberal market and coordinated market economies. Subsequently, there has emerged a second-generation literature which adopts a macroeconomic perspective that emphasizes differences in drivers of growth. This book provides a collection of essays that engage those second-generation concerns and questions.
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.
Though the emerging sub-discipline of comparative political economy is now rich in studies of different advanced capitalisms, it still lacks a systematic consideration of the organizing frameworks and methodologies underpinning those studies. This definitive volume outlines the two great debates currently shaping the analysis of advanced capitalism. It makes the case for a greater awareness of underlying theoretical issues in the design of empirical research, and demonstrates the value of exploring the interconnections between competing intellectual approaches.