Selected Works of Michael Wallerstein: The Political Economy of Inequality, Unions, and Social Democracy

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Michael Wallerstein was a leader in developing a rigorous comparative political economy approach to understanding substantive issues of inequality, redistribution, and wage-determination. His early death from cancer left both a hole in the profession and a legacy that will surely provide the foundation for research on these topics. This volume collects his most important and influential contributions, organized by topic, with each topic preceded by an editorial introduction that provides overview and context.

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Editorial Reviews

From the Publisher
“Michael Wallerstein was one of the leading theorists of the political economy of income distribution. This collection of his writings reminds us that simple models can be enormously powerful when wielded with flair and imagination. The editors, through their introductory essays, have also done a wonderful job of placing his work in the broader intellectual context of the many areas where he contributed.”
Abhijit Banerjee, MIT

“Michael Wallerstein's work is unique and exemplary in the way it brings together analytical rigor and a deep understanding of class structure and class conflict. It is required reading for anyone who wants to understand the nature of modern capitalism and of social democracy.”
Jon Elster, Collège de France

“The papers collected here show that Michael Wallerstein was a central figure in the development of modern political economy. For a combination of attention to history and data, with the fruitful use of abstract models, he probably has no peer.”
John Roemer, Yale University

“A must-read for scholars and students of political economy in general, and labor relations, welfare states, and inequality in particular. The introductory essays by the editors, together with Wallerstein’s articles, provide a compelling synthesis of this vibrant field pioneered by Wallerstein and his co-authors.”
Elisabeth Jean Wood, Yale University and the Santa Fe Institute

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Product Details

Table of Contents

1. General introduction Adam Przeworski and Jeffrey Frieden; Part I. Class Conflict, the State, and Economic Limits to Democracy: 2. Introduction Adam Przeworski; 3. The structure of class conflict in democratic capitalist societies Michael Wallerstein and Adam Przeworski; 4. Structural dependence of the state on capital Michael Wallerstein and Adam Przeworski; 5. Capital taxation with open borders Michael Wallerstein and Adam Przeworski; Part II. The Politics of Labor Organizations: 6. Introduction Miriam Golden; 7. Union organization in advanced industrial democracies Michael Wallerstein; 8. Centralized bargaining and wage restraint Michael Wallerstein; 9. Trade union organization and industrial relations in the postwar era in 12 countries Michael Wallerstein, Miriam Golden, and Peter Lange; 10. Unions in decline? What has changed and why Michael Wallerstein and Bruce Western; Part III. Inequality and Redistribution: 11. Introduction David Austen-Smith; 12. Wage-setting institutions and pay inequality in advanced industrial societies Michael Wallerstein; 13. Inequality, social insurance and redistribution Michael Wallerstein and Karl Ove Moene; 14. Redistribution and affirmative action Michael Wallerstein and David Austen-Smith; Part IV. Labor and the Nordic Model of Social Democracy: 15. Introduction Karl Ove Moene; 16. How social democracy worked Michael Wallerstein and Karl Ove Moene; 17. Earnings inequality and welfare spending: a disaggregated analysis Michael Wallerstein and Karl Ove Moene; 18. Social democracy as a development strategy Michael Wallerstein and Karl Ove Moene.

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