Re-Forming Capitalism: Institutional Change in the German Political Economy

Re-Forming Capitalism: Institutional Change in the German Political Economy

by Wolfgang Streeck
     
 

View All Available Formats & Editions

ISBN-10: 0199556776

ISBN-13: 9780199556779

Pub. Date: 02/28/2009

Publisher: Oxford University Press

Wolfgang Streeck has written extensively on comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the rote of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and

Overview

Wolfgang Streeck has written extensively on comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the rote of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and the recurrent difficulties of restraining the effects of capitalism on social order.

In the classification of the 'Varieties of Capitalism' school, Germany has always been taken as the chief exemplar of a 'European', coordinated market economy. Streeck explores to what extent Germany actually conforms to this description. His argument is supported by original empirical research on wage-setting and wage structure, the organization of business and labor in business associations and trade unions, social policy, public finance, and corporate governance. From this evidence, Re-Forming Capitalism In traces the current liberalization of the postwar economy of democratic capitalism by means of an historically-grounded approach to institutional change.

This is an important book in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, and comparative business systems.

Product Details

ISBN-13:
9780199556779
Publisher:
Oxford University Press
Publication date:
02/28/2009
Edition description:
New Edition
Pages:
224
Product dimensions:
6.40(w) x 9.30(h) x 1.10(d)

Table of Contents

List of Figures xi

List of Tables xiii

Introduction: Institutional Change, Capitalist Development 1

Part I Gradual Change: Five Sectoral Trajectories

1 Five Sectors 33

2 Industry-wide Collective Bargaining: Shrinking Core, Expanding Fringes 38

3 Intermediary Organization: Declining Membership, Rising Tensions 46

4 Social Policy: The Rise and Fall of Welfare Corporatism 56

5 Public Finance: The Fiscal Crisis of the Postwar State 68

6 Corporate Governance: The Decline of Germany Inc. 77

Part II Systemic Change: Patterns and Causes

7 Systemic Change: Five Parallel Trajectories 93

8 From System to Process 106

9 Endogenous Change: Time, Age, and the Self-Undermining of Institutions 121

10 Time's Up: Positive Externalities Turning Negative 136

Part III Liberalization: Re-Forming Capitalism

11 Disorganization as Liberalization 149

12 Convergence, Nonconvergence, Divergence 161

13 "Economizing" and the Evolution of Political-Economic Institutions 172

14 Internationalization 187

15 German Unification 207

16 History 219

17 Bringing Capitalism Back In 230

Bibliography 273

Index 291

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >