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Tag Archives: varieties of capitalism
David Ricardo: What is the Key Problem in Political Economy?
David Ricardo (1772 – 1823) was a prominent classical economist who gave systematized form to the rising discipline of economics, rightly termed then as political economy. The opening paragraph of his book On The Principles of Political Economy and Taxation (1817) contributes to this endeavour … Continue reading
Posted in Books, Oleg Komlik
Tagged economics, Political economy, varieties of capitalism
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Neoliberalism and the political economy of corporate governance
Major corporate frauds and scandals since the early 2000s (e.g. WorldcCom, Enron, Arthur Andersen, Bear Stearns, Lehman Brothers) and the 2008 financial crisis have not just exposed the inherent destructiveness of the neoliberal economy and economics, but also turned the crucially important spotlight towards … Continue reading
Posted in Papers
Tagged corporate governance, ideas, law, neoliberalism, Political economy, shareholder value, varieties of capitalism
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The politics of fiscal policies: the lessons of history
Throughout the recent years of the crisis, the EU bodies and the German leaders have constantly oppressed Greece. They have pushed Greek people towards the abyss of austerity in the name of “fiscal responsibility” and “self-evident economic truths”. But essentially, it is … Continue reading
Posted in Books
Tagged economic history, fiscal sociology, institutional change, institutions, policy, politics, taxation, varieties of capitalism
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Democracy matters: the extension of the franchise and its impact on financial systems
For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance, the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading
From Socialism to Neoliberalism: the case of Central Eastern European countries
The transition from communism or socialism to capitalism has proved to be a rockier road than many in the West (think of Fukuyama as an example) anticipated. The degree and character of challenges that countries faced during the transition depended … Continue reading
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
Industry agreements increase wages for low-skilled workers, while company agreements increase medium- and high-skilled wages
The impact of the development of modern systems of collective bargaining on the structure of wages in the post-socialist economies of Central Europe remains largely unexplored. This (open access) article seeks to fill this gap. Using a large, matched employer-employee … Continue reading
Posted in Papers
Tagged Czech Republic, Hungary, labor, Poland, post-socialist countries, Unions, varieties of capitalism
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