Tag Archives: varieties of capitalism

The 2019 SASE’s Alice Amsden Book Award goes to ‘The Specter of Global China’ by Ching Kwan Lee

Posted on December 25, 2019 by

The winner of the inaugural Alice Amsden Book Award of the Society for the Advancement of Socio-Economics is The Specter of Global China: Politics, Labor, and Foreign Investment in Africa, by Ching Kwan Lee, Professor of Sociology at the University of California, Los … Continue reading →

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The Growth of Shadow Banking and State-Finance Relations

Posted on August 15, 2019 by

by Matthias Thiemann* How can we understand the growth of a system of credit provisioning outside of the realm of bank regulation since the 1970s which linked non-banks and banks in a convoluted system of market-based banking, securitization and wholesale … Continue reading →

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The 2019 Zelizer Award for Best Book in Economic Sociology goes to ‘Starving the Beast’ by Monica Prasad

Posted on July 23, 2019 by

Northwestern University scholar Monica Prasad is the winner of the 2019 Zelizer Book Award given by the American Sociological Association’s Economic Sociology section for an outstanding book in the field. Prasad will receive the Award for her superb book Starving … Continue reading →

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China is getting on wheels: varieties of development, car market reform and globalization

Posted on October 25, 2017 by

by Qiushi Feng* China is getting on wheels. Over the past three decades, with unparalleled speed, China has emerged as the world’s largest producer and consumer of passenger cars. Such a rapid growth is accompanied by profound changes of the … Continue reading →

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David Ricardo: What is the Key Problem in Political Economy?

Posted on April 21, 2017 by

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 … Continue reading →

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What is Political Economy? It is Essentially a Historical Science

Posted on August 27, 2016 by

In December 1867 a German positivist philosopher and economist Eugen Dührings published a critical review of Karl Marx’s Capital. Dühring, inter alia, disapproved the Marxist labour theory of value and asserted, based on his own concept of “ethics of sympathy”, that a dichotomy between … Continue reading →

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Neoliberalism and the political economy of corporate governance

Posted on May 22, 2016 by

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 →

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The politics of fiscal policies: the lessons of history

Posted on July 23, 2015 by

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 →

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Democracy matters: the extension of the franchise and its impact on financial systems

Posted on May 22, 2015 by

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 →

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Community Capitalism in China: the State, the Market, and Collectivism

Posted on April 8, 2015 by

“Planning and market forces are not the essential difference between socialism and capitalism. A planned economy is not the definition of socialism, because there is planning under capitalism; the market economy happens under socialism, too. Planning and market forces are … Continue reading →

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From Socialism to Neoliberalism: the case of Central Eastern European countries

Posted on February 17, 2015 by

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 →

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

Posted on January 25, 2015 by

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

Posted on January 8, 2015 by

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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Industry agreements increase wages for low-skilled workers, while company agreements increase medium- and high-skilled wages

Posted on September 7, 2014 by

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 →

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

Posted on June 26, 2014 by

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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