Democracy and Prosperity (eBook)

Reinventing Capitalism through a Turbulent Century

Torben Iversen, David Soskice (Autoren)

eBook Download: PDF | EPUB

2019
360 Seiten
Princeton University Press (Verlag)
978-0-691-18887-4 (ISBN)

Infos

Torben Iversen is the Harold Hitchings Burbank Professor of Political Economy at Harvard University. His books include Women, Work, and Politics and Capitalism, Democracy, and Welfare. David Soskice is School Professor and Professor of Political Science and Economics at the London School of Economics. His books include Macroeconomics: Institutions, Instability, and the Financial System (with Wendy Carlin) and Varieties of Capitalism (edited with Peter A. Hall).

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A groundbreaking new historical analysis of how global capitalism and advanced democracies mutually support each otherIt is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial.For all the chaos and upheaval over the past century-major wars, economic crises, massive social change, and technological revolutions-Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state.Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.

Inhalt

CONTENTS 5
TABLES AND FIGURES 7
PREFACE 11
ACKNOWLEDGMENTS 17
1. Introduction 23
2. Two Paths to Democracy 75
3. The Rise and Fall of Fordism 124
4. Knowledge Economies and Their Political Construction 158
5. The Politics of the Knowledge Economy and the Rise of Populism 238
6. Conclusion: The Future of Advanced Capitalist Democracies 279
NOTES 301
BIBLIOGRAPHY 311
INDEX 335
A NOTE ON THE TYPE 359

Produkt-Details

• Erscheint lt. Verlag: 5.2.2019
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Geschichte ► Allgemeine Geschichte ► Zeitgeschichte
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Politische Systeme
• Themenwelt: Sozialwissenschaften ► Soziologie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: Adobe • Advanced capitalism • advanced capitalist sectors • Advanced Company • Andrew Glyn • authoritarianism • Business Cycle • Calculation • Capitalism • capitalist democracies • capitalist democratic state • Central Bank • Centre-left politics • Centre-right politics • civil service • Communications technology • Comparative Advantage • Competition • competitiveness • Corporate Governance • Corporatism • decentralization • deindustrialization • Democracy • Democratic Capitalism • democratic institutions • Democratization • developed country • Economic Growth • Economic Inequality • economic liberalism • Economic Network • Economic Power • Economics • Economic Transition • economist • economy • Education • Election • Emerging Technologies • Employment • Financial Crisis • Fiscal Policy • Fordism • Fordist economy • Foreign Direct Investment • Globalization • government spending • Government Support • Great Recession • income • income distribution • industrialisation • Industrial relations • Inequality • Inflation • Inflation Targeting • Information Technology • Infrastructure • Innovation • Institution • insurance • Knowledge Economy • Labor Force • Macroeconomics • Manufacturing • middle class • monetary policy • Multinational corporation • nation state • of education • Outsourcing • Oxford University Press • participant • political coalitions • Political Economy • Political entrepreneur • Political opposition • Political Party • Political Science • Politician • Politics • Populism • Poverty • Princeton University Press • Productivity • proportional representation • Public Finance • Public Investment • Public Policy • Recession • replacement rate • Research • Service Sector • Skilled Labor • skilled worker • Social Class • Social Democracy • Social protection • Subsidy • substitution effect • Tax • Technological Change • Technology • Trade Union • Unemployment • Unemployment benefits • University of Washington • urbanization • Varieties of Capitalism • vertical integration • Voting • wage • Wealth accumulation • welfare • Welfare State • Workforce • Working Class • Writing
• ISBN-10: 0-691-18887-4 / 0691188874
• ISBN-13: 978-0-691-18887-4 / 9780691188874