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Varieties of Capitalism

Second-Generation Perspectives

Thomas Palley, Esteban Pérez Caldentey, Matías Vernengo (Herausgeber)

Buch | Hardcover

168 Seiten

2023
Edward Elgar Publishing Ltd (Verlag)
978-1-0353-1274-0 (ISBN)

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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 new view emphasizes income distribution, which leads to a focus on institutional structures that are shaped by policy and power. A related feature is an emphasis on politics, which is the process by which policies are made. Furthermore, it asks whether economies should be understood as the product of national choices versus global capitalist system forces. That connects with the long-standing center-periphery distinction in development economics.

Economists, researchers, and students will find this volume an enlightening look at an important subject.

Edited by Thomas Palley, Founding Editor of the Review of Keynesian Economics and Principal at Economics for Democratic and Open Societies, US, Esteban Pérez Caldentey, Editor of the Review of Keynesian Economics and Chief of the Financing for Development Unit at the Economic Commission for Latin America and the Caribbean (CEPAL), Chile and Matías Vernengo, Founding Editor of the Review of Keynesian Economics and Professor, Bucknell University, US

Contents:

Symposium: Varieties of Capitalism

Theorizing Varieties of Capitalism: economics and the fallacy that
‘there is no alternative (TINA)’ 1
Thomas Palley

In search of varieties of capitalism: hardy perennial or troublesome weed? 39
Mark Blyth and Herman Mark Schwartz

Learning from distant cousins? Post-Keynesian Economics, Comparative
Political Economy, and the Growth Models approach 56
Engelbert Stockhammer and Karsten Kohler

The politics of growth models 76
Lucio Baccaro and Jonas Pontusson

Rethinking Varieties of Capitalism and growth theory in the ICT era 94
David Soskice

Varieties of peripheral capitalism: on the institutional foundations of
economic backwardness 114
Esteban Pérez Caldentey and Matías Vernengo

Varieties and interdependencies of demand and growth regimes in
finance-dominated capitalism: a Post-Keynesian two-country stock–flow
consistent simulation approach 136
Franz Prante, Eckhard Hein and Alessandro Bramucci

Erscheinungsdatum	24.01.2023
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-0353-1274-3 / 1035312743
ISBN-13	978-1-0353-1274-0 / 9781035312740
Zustand	Neuware