Tag Archives: comparative political economy

Why is there no labor party in the United States? Look at Canada to find out

In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism to this day (along with a pioneering and penetrative  Democracy in America, by Alexis de … Continue reading

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The collapse of Ireland’s Celtic Tiger: an incredible story of corporatism, neoliberalism and globalization run amok

In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European economies. Not long ago, however, Ireland was … Continue reading

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Latin American capitalism: multinational corporations, business groups, low skills and segmented labor markets

In the course of the last three decades, tectonic changes have occurred in much of Latin America: Many authoritarian governments have been replaced by democracies, and ‘free-market’ principles have supplanted many of the policies of the past. But the redevelopment … Continue reading

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In economic policymaking, ideas matter. But how? And whose ideas? Campbell & Pedersen have insightful answers

John Maynard Keynes famously said: “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood.” In politics, policymaking and in the economy, ideas matter indeed. Yet … Continue reading

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Peter A. Hall & Michèle Lamont ask: What is the impact of three decades of neoliberalism on communities and individual lives?

What is the impact of three decades of neoliberalism on communities and individual lives?  What are the sources of social resilience that allowed some groups to sustain their well-being in the face of neoliberal blast waves, while others suffered losses? … Continue reading

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“National Policy-Making: Domestication of Global Trends” shows how local policies appear to be synchronized globally yet are developed with distinct “national” flavors

Notions of social change are often divided into local versus international. But what actually happens at the national level—where policies are ultimately made and implemented—when policy-making is interdependent worldwide? How do policy-makers take into account the prior choices of other … Continue reading

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Why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others? It is all about mass privatization!

Scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures were not … Continue reading

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“Banks and the False Dichotomy in the Comparative Political Economy of Finance” challenges the conventional understanding of bank-based financial system

The wide-ranging varieties of capitalism literature rests on a particular conception of banks and banking that, the authors argue, no longer reflects the reality of modern financial systems. Iain Hardie, David Howarth, Sylvia Maxfield and Amy Verdun take advantage of the greater … Continue reading

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“Disintegrating Democracy at Work: Labor Unions and the Future of Good Jobs in the Service Economy”, a book by Virginia Doellgast

The shift to service-based economy has often been accompanied by the expansion of low wage and insecure employment. Many consider the effects of this shift inevitable. Based on a impressive comparative study of the changes that occurred in the organization … Continue reading

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Financialization, New Investment Funds, and Labour: An International Comparison

Financialization, New Investment Funds, and Labour: An International Comparison provides a comprehensive analysis of the development of New Investment Funds —private equity, hedge funds, and sovereign wealth funds—and their impact upon labour and employment. Several countries are selected for in-depth treatment: US, UK, … Continue reading

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