Inequality and Prosperity: Social Europe vs. Liberal America / Edition 1

Inequality and Prosperity: Social Europe vs. Liberal America / Edition 1

by Jonas Pontusson
     
 

ISBN-10: 0801489709

ISBN-13: 9780801489709

Pub. Date: 12/15/2005

Publisher: Cornell University Press

What are the relative merits of the American and European socioeconomic systems? Long-standing debates have heated up in recent years with the expansion of the European Union and increasingly sharp political and cultural differences between the United States and Europe. In Inequality and Prosperity, Jonas Pontusson provides a comparative overview of the two major…  See more details below

Overview

What are the relative merits of the American and European socioeconomic systems? Long-standing debates have heated up in recent years with the expansion of the European Union and increasingly sharp political and cultural differences between the United States and Europe. In Inequality and Prosperity, Jonas Pontusson provides a comparative overview of the two major models of labor markets and welfare systems in the advanced industrial world: the "liberal capitalist" system of the United States and Britain and the "social market" capitalism of northern Europe. These two models balance concerns of efficiency and equity in fundamentally different ways. In the 1990s the much-heralded forces of globalization (together with demographic changes and attendant political pressures) seemed to threaten the very existence of the social-market economies of Europe. Were the social compacts of Sweden and Germany outmoded? Would varieties of capitalism remain possible, or were labor-market and social-welfare arrangements converging on the U.S. norm? Pontusson opposes the notion of inevitable convergence: he believes that social-market economies can survive and indeed flourish in the contemporary world economy. He bases his argument on an enormous amount of highly specialized research on eighteen countries, using national-level data for the last thirty years. Among the areas he explores are labor-market dynamics, income distribution, employment performance, wage bargaining, firm-level performance, and the changing possibilities for the welfare state.

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Product Details

ISBN-13:
9780801489709
Publisher:
Cornell University Press
Publication date:
12/15/2005
Series:
Cornell Studies in Political Economy Series
Edition description:
New Edition
Pages:
256
Sales rank:
988,050
Product dimensions:
6.13(w) x 9.25(h) x (d)

Table of Contents

Foreword
1Rethinking the trade-off between growth and equality1
2Varieties of capitalism15
3Income distribution and labor markets32
4Employment performance67
5Macro-economic management and wage bargaining95
6Participation, security, mobility, and skills114
7Welfare states, redistribution, and economic growth142
8Welfare states in retrenchment182
9Direction for progressive reform204

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