Wolfgang Streeck - Böcker

Debates surrounding institutional change have become increasingly central to Political Science, Management Studies, and Sociology, opposing the role of globalization in bringing about a convergence of national economies and institutions on one model to theories about 'Varieties of Capitalism'. This book brings together a distinguished set of contributors from a variety to examine current theories of institutional change. The chapters highlight the limitations of these theories, finding them lacking in the analytic tools necessary to identify the changes occurring at a national level, and therefore tend to explain many changes and innovations as simply another version of previous situations. Instead a model emerges of contemporary political economies developing in incremental but cummulatively transformative processes. The contributors shoe that a wide, but not infinite, variety of models of institutional change exist which can meaniingfully distinguished and analyticallycompared. They offer an empirically grounded typology of modes of institutional change that offer important insights on mechanisms of social and political stability, and evolution generally. Beyond Continuity provides a more complex and fundamental understanding of institutional change, and will be important reading for academics, researchers, and advanced students of Political Science, Management Studies, Sociology and Economics.

Debates surrounding institutional change have become increasingly central to Political Science, Management Studies, and Sociology, opposing the role of globalization in bringing about a convergence of national economies and institutions on one model to theories about 'Varieties of Capitalism'.This book brings together a distinguished set of contributors from a variety of disciplines to examine current theories of institutional change. The chapters highlight the limitations of these theories, finding them lacking in the analytic tools necessary to identify the changes occurring at a national level, and therefore tend to explain many changes and innovation as simply another version of previous situations.Instead a model emerges of contemporary political economies developing in incremental but cumulatively transformative processes. The contributors show that a wide, but not infinite, variety of models of institutional change exist which can meaningfully distinguished and analytically compared. They offer an empirically grounded typology of modes of institutional change that offer important insights on mechanisms of social and political stability, and evolution generally.Beyond Continuity provides a more complex and fundamental understanding of institutional change, and will be important reading for academics, researchers, and advanced students of Political Science, Management Studies, Sociology, and Economics.

Wolfgang Streeck is a leading figure in comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role 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 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 from a leading thinker and researcher in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.

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 role 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, Bringing Capitalism Back 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, comparative business systems.

In the current period of globalization, Governing Interests presents new research on the impact of internationalization on the organization and representation of business interests through trade and employer associations. By exploring ongoing, gradual, but nevertheless profound changes in the structures and functions of business interest associations, the book develops a precise understanding of the relationship between the national and the international.Both conceptual and empirical, some papers included in this significant volume adopt a ‘bird's eye view’ of the topic, whilst others concentrate on individual industries or countries, and several, through examination and analysis, consider the effects on interest representation and the repercussions on effective governance.Contributed to and edited by leading academics, the diversity of research questions and methods used in this volume provide the reader with an excellent understanding of the subject and, importantly, caution against rash simplifications. Comprehensive and scholarly, this text will be of particular relevance to political scientists and sociologists.

In the current period of globalization, Governing Interests presents new research on the impact of internationalization on the organization and representation of business interests through trade and employer associations. By exploring ongoing, gradual, but nevertheless profound changes in the structures and functions of business interest associations, the book develops a precise understanding of the relationship between the national and the international.Both conceptual and empirical, some papers included in this significant volume adopt a ‘bird's eye view’ of the topic, whilst others concentrate on individual industries or countries, and several, through examination and analysis, consider the effects on interest representation and the repercussions on effective governance.Contributed to and edited by leading academics, the diversity of research questions and methods used in this volume provide the reader with an excellent understanding of the subject and, importantly, caution against rash simplifications. Comprehensive and scholarly, this text will be of particular relevance to political scientists and sociologists.

From the 1960s to the 1980s, observers gave the name "Model Germany" to the Federal Republic. They saw in Germany a political-economic "model" that was able to weather many economic challenges. "Model Germany" permitted political competition, while coordinating public policy among interest associations and private businesses so that changes would only take place only in a balanced and positive way.Since the early 1990s this "German Model" has faced serious troubles. Authors in this book describe its disintegration in the past decade and probe into the causes of this. Articles argue that it is Germany's national and European integration that has triggered the model's unravelling.These processes are paralleled by tendencies in public opinion, social life styles, and political mobilization in parties, interest groups, and social movements. The strains of "model Germany" show up in the transformation of industrial relations, corporate governance structures, and social and immigration policies in Germany.

From the 1960s to the 1980s, observers gave the name "Model Germany" to the Federal Republic. They saw in Germany a political-economic "model" that was able to weather many economic challenges. "Model Germany" permitted political competition, while coordinating public policy among interest associations and private businesses so that changes would only take place only in a balanced and positive way.Since the early 1990s this "German Model" has faced serious troubles. Authors in this book describe its disintegration in the past decade and probe into the causes of this. Articles argue that it is Germany's national and European integration that has triggered the model's unravelling.These processes are paralleled by tendencies in public opinion, social life styles, and political mobilization in parties, interest groups, and social movements. The strains of "model Germany" show up in the transformation of industrial relations, corporate governance structures, and social and immigration policies in Germany.

In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on choice. Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated. Many mature democracies are approaching this situation as they confront fiscal crisis. For almost three decades, OECD countries have - in fits and starts - run deficits and accumulated debt. As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions. The current financial and fiscal crisis has exacerbated the long-term shrinking government discretion; projects for political change have lost credibility. Many citizens are aware of this situation: they turn away from party politics and stay at home on Election Day. With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.

In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on choice. Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated. Many mature democracies are approaching this situation as they confront fiscal crisis. For almost three decades, OECD countries have - in fits and starts - run deficits and accumulated debt. As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions. The current financial and fiscal crisis has exacerbated the long-term shrinking government discretion; projects for political change have lost credibility. Many citizens are aware of this situation: they turn away from party politics and stay at home on Election Day. With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.

A fresh alternative to traditional state-centred analyses of the process of European integration is presented in this book. World-renowned scholars analyze the state in terms of its component parts and clearly show the interaction of subnational, national and supranational actors in the emerging European polity. This `multi-level politics' approach offers a powerful lens through which to view the future course of European integration.

The contributors' empirical exploration of areas such as regional governance, social policy and social movements underpins their broad conceptual and theoretical framework providing significant new insight into European politics.

A fresh alternative to traditional state-centred analyses of the process of European integration is presented in this book. World-renowned scholars analyze the state in terms of its component parts and clearly show the interaction of subnational, national and supranational actors in the emerging European polity. This `multi-level politics' approach offers a powerful lens through which to view the future course of European integration.

The contributors' empirical exploration of areas such as regional governance, social policy and social movements underpins their broad conceptual and theoretical framework providing significant new insight into European politics.

Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies?

Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.

Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies?

Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.

Why was the rise of capitalism in Germany and Japan associated not with liberal institutions and democratic politics, but rather with statist controls and authoritarian rule? A stellar group of international scholars addresses this classic issue in political development. In The Origins of Nonliberal Capitalism, German sociologists and American and Japanese political scientists draw extensively on the work of economists and historians from their home countries, as well as from the United Kingdom and France.The contributors discuss the potential disappearance, evolution, and reconstitution of nonliberal capitalism in Germany and Japan by analyzing its historical origins from two perspectives: the emergence and survival of nonliberal capitalism, and the causes of differences between the systems of Germany and Japan. They also outline the requirements for internally coherent national models of an embedded capitalist economy. The histories of German and Japanese capitalism demonstrate that capitalism's structural forms and functional relations evolve by means of different processes with different goals.

After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capitalism are now under intense pressure to converge to the U.S. model. Kozo Yamamura and Wolfgang Streeck have gathered an international group of authors to examine the likelihood of convergence—to determine whether the global forces of Anglo-American capitalism will give rise to a single, homogeneous capitalist system. The chapters in this volume approach this question from five directions: international integration, technological innovation, labor relations and production systems, financial regimes and corporate governance, and domestic politics.In their introduction, Yamamura and Streeck summarize the crises of performance and confidence that have beset German and Japanese capitalism and revived the question of competitive convergence. The editors ask whether the two countries, confronted with the political and economic exigencies of technological revolution and economic internationalization, must abandon their distinctive institutions and the competitive advantages these have yielded in the past, or whether they can adapt and retain such institutions, thereby preserving the social cohesion and economic competitiveness of their societies.

After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capitalism are now under intense pressure to converge to the U.S. model. Kozo Yamamura and Wolfgang Streeck have gathered an international group of authors to examine the likelihood of convergence—to determine whether the global forces of Anglo-American capitalism will give rise to a single, homogeneous capitalist system. The chapters in this volume approach this question from five directions: international integration, technological innovation, labor relations and production systems, financial regimes and corporate governance, and domestic politics.In their introduction, Yamamura and Streeck summarize the crises of performance and confidence that have beset German and Japanese capitalism and revived the question of competitive convergence. The editors ask whether the two countries, confronted with the political and economic exigencies of technological revolution and economic internationalization, must abandon their distinctive institutions and the competitive advantages these have yielded in the past, or whether they can adapt and retain such institutions, thereby preserving the social cohesion and economic competitiveness of their societies.

Why was the rise of capitalism in Germany and Japan associated not with liberal institutions and democratic politics, but rather with statist controls and authoritarian rule? A stellar group of international scholars addresses this classic issue in political development. In The Origins of Nonliberal Capitalism, German sociologists and American and Japanese political scientists draw extensively on the work of economists and historians from their home countries, as well as from the United Kingdom and France.The contributors discuss the potential disappearance, evolution, and reconstitution of nonliberal capitalism in Germany and Japan by analyzing its historical origins from two perspectives: the emergence and survival of nonliberal capitalism, and the causes of differences between the systems of Germany and Japan. They also outline the requirements for internally coherent national models of an embedded capitalist economy. The histories of German and Japanese capitalism demonstrate that capitalism's structural forms and functional relations evolve by means of different processes with different goals.

In the countries of the global North, workplace democracy may be thought of as a thing of the past. Increasingly, working relations are regulated primarily by contract; workforces are fissured and fragmented. What are the consequences of this? How should we respond?Ruth Dukes and Wolfgang Streeck argue that the time is ripe to restate the principles of industrial democracy and citizenship for the post-industrial era. Considering developments within political economy, employment relations and labour law since the postwar decades, they trace the rise of globalization and the ‘dualization’ of labour markets – the emergence of a core and periphery of workers – and the progressive insulation of working relations from democratic governance. What these developments amount to, they argue, is an urgent need for political intervention to tame the new world of ‘gigging’ and other forms of highly precarious work. This, according to the authors, will require far-reaching institution-building designed to fill legal concepts such as ‘employment’ with political substance.This eloquent call for a reimagining and renewal of the institutional and material conditions of freedom of association and the reinvention of industrial democracy will be crucial reading for anyone interested in work in the twenty-first century.

In the countries of the global North, workplace democracy may be thought of as a thing of the past. Increasingly, working relations are regulated primarily by contract; workforces are fissured and fragmented. What are the consequences of this? How should we respond?Ruth Dukes and Wolfgang Streeck argue that the time is ripe to restate the principles of industrial democracy and citizenship for the post-industrial era. Considering developments within political economy, employment relations and labour law since the postwar decades, they trace the rise of globalization and the ‘dualization’ of labour markets – the emergence of a core and periphery of workers – and the progressive insulation of working relations from democratic governance. What these developments amount to, they argue, is an urgent need for political intervention to tame the new world of ‘gigging’ and other forms of highly precarious work. This, according to the authors, will require far-reaching institution-building designed to fill legal concepts such as ‘employment’ with political substance.This eloquent call for a reimagining and renewal of the institutional and material conditions of freedom of association and the reinvention of industrial democracy will be crucial reading for anyone interested in work in the twenty-first century.

The financial and economic crisis that began in 2008 still has the world on tenterhooks. The gravity of the situation is matched by a general paucity of understanding about what is happening and how it started. In this book, based on his 2012 Adorno Lectures given in Frankfurt, Wolfgang Streeck places the crisis in the context of the long neoliberal transformation of postwar capitalism that began in the 1970s. He analyses the subsequent tensions and conflicts involving states, governments, voters and capitalist interests, as expressed in inflation, public debt, and rising private indebtedness. Streeck traces the transformation of the tax state into a debt state, and from there into the consolidation state of today. At the centre of the analysis is the changing relationship between capitalism and democracy, in Europe and elsewhere, and the advancing immunization of the former against the latter.In this new edition, Streeck has added a substantial postface on the reception of the book and the unfolding of the crisis in the Eurozone since 2014.

After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War Two, is coming to an end. The regulatory institutions that once restrained the financial sector's excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets.Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand.

From the acclaimed author of How Will Capitalism End? comes an omnibus of long-form critical essays engaging with leading economists and thinkers. Critical Encounters draws on Wolfgang Streeck's inimitable writing for the London Review of Books and New Left Review, among other publications. It opens with treatments of two contrasting historical eras - factory capitalism and financialization - and three of the world's major economies: the United States, France and Germany. Delving into the world of ideas, Streeck discusses the work of Quinn Slobodian, Mark Blyth, Jürgen Habermas and Perry Anderson. Finally, he zooms out to compare his home discipline of sociology to natural history, giving a remarkable and non-deterministic reading of Charles Darwin. In the preface, Streeck reflects on the art (or craft) of book reviewing and the continuing merits of the book form. Critical Encounters also includes a series of 'Letters from Europe', penned as the coronavirus descended upon the Continent.

In How Will Capitalism End?, the acclaimed analyst of contempo­rary politics and economics Wolfgang Streeck argues that the world is on the cusp of enormous change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of the Second World War, is unravelling. The regulatory institutions that once restrained the financial sector's excesses have collapsed, and there is no political agency capable of rolling back the liberalization of the markets.

The era of hyperglobalization once hailed as the 'end of history' was characterised by boundless capitalist expansion. The neoliberal revolution gave rise to a politics of scale aimed at the centralization and unification of states and state systems: the replacement of national with global governance or, in Europe, of the nation-state with a supranational superstate, the European Union. The 'New World Order' proclaimed by the United States in the wake of the Soviet collapse proved to be ungovernable by democratic means. Instead, it was ruled through a combination of technocracy and mercatocracy, failing spectacularly to provide for political stability, social legitimacy and international peace. Marked by a series of economic and institutional crises, hyperglobalization gave rise to various kinds of political countermovements that rebelled against and ultimately stopped the upward transfer of state authority in its tracks. This book analyses the ongoing tug-of-war between the forces of globalism and democracy, of centralization and decentralization, and unification and differentiation of states and state systems, and how they are tied to the advance of global capitalism and the prospects for its social and democratic regulation. Exploring the possibility for states and the societies they govern to take back control over their collective fate, the book is an attempt at a renewed theory of the state in political economy. Inspired by the work of Karl Polanyi and John Maynard Keynes, it discusses the potential outlines of a state system allowing for democratic governance within and peaceful cooperation between sovereign nation-states.

The era of hyperglobalization once hailed as the 'end of history' was characterised by boundless capitalist expansion. The neoliberal revolution gave rise to a politics of scale aimed at the centralization and unification of states and state systems: the replacement of national with global governance or, in Europe, of the nation-state with a supranational superstate, the European Union. The 'New World Order' proclaimed by the United States in the wake of the Soviet collapse proved to be ungovernable by democratic means. Instead, it was ruled through a combination of technocracy and mercatocracy, failing spectacularly to provide for political stability, social legitimacy and international peace. Marked by a series of economic and institutional crises, hyperglobalization gave rise to various kinds of political countermovements that rebelled against and ultimately stopped the upward transfer of state authority in its tracks. This book analyses the ongoing tug-of-war between the forces of globalism and democracy, of centralization and decentralization, and unification and differentiation of states and state systems, and how they are tied to the advance of global capitalism and the prospects for its social and democratic regulation. Exploring the possibility for states and the societies they govern to take back control over their collective fate, the book is an attempt at a renewed theory of the state in political economy. Inspired by the work of Karl Polanyi and John Maynard Keynes, it discusses the potential outlines of a state system allowing for democratic governance within and peaceful cooperation between sovereign nation-states.

At a time when democratization and the state of democracy are at the forefront of attention in many parts of the world, this book examines the state-of-the-art on this vital political issue.Revisiting the now classical literature on neo-corporatism in light of current research and theory, the contributors illustrate the enormous influence of the 'neo-corporatist debate' on modern political science, political sociology, and political economy. Reflecting on a major part of the recent history of social science, they shed light on some of its current core concepts, such as governance, policy networks, and varieties of capitalism. The book traces the evolution of political conflicts concerning social order; from the class conflicts in Europe in the of 1970s Europe to the subsequent Latin American and Eastern European battles over democratization and democratic transition, to the debate on the 'democratic deficit' of the European Union.Paying tribute to the work of Philippe Schmitter, which bridges the themes discussed in the book and which has provided inspiration to an entire generation of social scientists, The Diversity of Democracy will be invaluable to academics, students and researchers with an interest in political science, democratic theory, European integration and the study of democratic transitions as well as Latin American and Eastern European studies.

This important book goes beyond generalizations and takes a hard-headed look at the real strengths and weaknesses of Keynesian demand management and supply side economics.Keynesianism has failed to reconcile high levels of competitiveness with full employment. This was confirmed in the 1980s by the performance of the UK, the US and West Germany. Sweeping de-regulation has not proved to be an adequate solution.The book shows how effective supply conditions could supplement Keynesian demand management to achieve sustainable levels of high employment. The measures advocated include a system of industrial relations which allows high wages and job security in return for acceptance of a high pace of technological and organizational change; the promotion of skill development as well as intra-firm training programmes; the formation and encouragement of co-operation between different regions. It is argued that the supportive institutions, coupled with effective demand policies would succeed in marrying high employment with internationally competitive production.