Tag Archives: comparative political economy

How 19th century finance and housing associations shaped 20th century housing regimes in Germany and the United States

Why has Germany become a country of tenants with a housing policy directed at private and public rental construction? On the other hand, why has the United States turned into a homeownership country? In an interesting article, Sebastian Kohl (University … Continue reading

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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 incredible collapse of Ireland’s Celtic Tiger: 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of the last three decades, tectonic changes have occurred in much of Latin America: Many authoritarian governments have been replaced by democracies, and ‘free-market’ principles have supplanted many of the policies of the past.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? Campbell and Pedersen have insightful answers

John Maynard Keynes has 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. … 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 economic growth in some countries and decline in others? It is about mass privatization

In general, 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 … Continue reading

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“Banks and the False Dichotomy in the Comparative Political Economy of Finance” challenges the 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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The Future of Good Jobs and the Labor Unions in the Service Economy

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. But is there another way? Virginia Doellgast (LSE) has conducted an impressive study of … 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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Analyzing continuity and change in the economy: a double movement between the public and the private meta-fields in society

An interesting (open access) paper “Public and Private: Change and Continuity in Economy through Two Meta-fields in Society” offers a structural general framework to analyse continuity and change in the economy based on the idea that there is a double movement … Continue reading

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“Critical political economy and ‪‎capitalist‬ diversity” — the Capital & Class journal special issue.

The purpose of the issue is to present a series of critiques of dominant perspectives in the Comparative Capitalisms scholarship (CC) and Varieties of ‪Capitalism‬ literature (VoC), and also to outline a range of alternatives rooted in the Critical Political Economy traditions. … Continue reading

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Regulating International Finance and the Evolving Imbalance of Capitalisms since the 1970s

This worth-reading paper puts the ongoing G20 process of improving the regulation of international finance into a historically informed perspective. To understand the driving forces behind and obstacles to international cooperation in governing finance, Thomas Kalinowski (Max Planck Institute for … Continue reading

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