Varieties of Capitalism

Second-Generation Perspectives

Inbunden, Engelska, 2023

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2023-01-20
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Förlag:Edward Elgar Publishing Ltd
ISBN:9781035312740

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap
Internationell ekonomi inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

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

Innehållsförteckning

Contents:Symposium: Varieties of CapitalismTheorizing Varieties of Capitalism: economics and the fallacy that‘there is no alternative (TINA)’ 1Thomas PalleyIn search of varieties of capitalism: hardy perennial or troublesome weed? 39Mark Blyth and Herman Mark SchwartzLearning from distant cousins? Post-Keynesian Economics, ComparativePolitical Economy, and the Growth Models approach 56Engelbert Stockhammer and Karsten KohlerThe politics of growth models 76Lucio Baccaro and Jonas PontussonRethinking Varieties of Capitalism and growth theory in the ICT era 94David SoskiceVarieties of peripheral capitalism: on the institutional foundations ofeconomic backwardness 114Esteban Pérez Caldentey and Matías VernengoVarieties and interdependencies of demand and growth regimes infinance-dominated capitalism: a Post-Keynesian two-country stock–flowconsistent simulation approach 136Franz Prante, Eckhard Hein and Alessandro Bramucci