Re-Forming Capitalism: Institutional Change in the German Political Economy

Paperback | April 1, 2010

byWolfgang Streeck

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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 andeconomic-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 onwage-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 democraticcapitalism 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.

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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 andeconomic-functionalist explanations of instit...

Wolfgang Streeck is Director at the Max Planck Institute for the Study of Societies in Cologne, Germany. From 1988 to 1995 he was Professor of Sociology and Industrial Relations at the University of Wisconsin-Madison. In 1998/99 he was President of the Society for the Advancement of Socio-Economics. He has held visiting positions at t...

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Format:PaperbackDimensions:304 pagesPublished:April 1, 2010Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199573980

ISBN - 13:9780199573981

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Table of Contents

Introduction: Institutional Change, Capitalist DevelopmentPart I: Gradual Change: Five Sectoral Trajectories1. Five Sectors2. Industry-wide Collective Bargaining: Shrinking Core, Expanding Fringes3. Intermediary Organization: Declining Membership, Rising Tensions4. Social Policy: The Rise and Fall of Welfare Corporatism5. Public Finance: The Fiscal Crisis of the Postwar State6. Corporate Governance: The Decline of Germany Inc.Part II: Systemic Change: Patterns and Causes7. Systemic Change: Five Parallel Trajectories8. From System to Process9. Endogenous Change: Time, Age, and the Self-Undermining of Institutions10. Time's Up: Positive Externalities Turning NegativePart III: Disorganization: Bringing Capitalism Back in11. Disorganization as Liberalization12. Convergence, Non-convergence, Divergence13. 'Economizing' and the Evolution of Political-Economic Institutions14. Internationalization15. German Unification16. History17. Bringing Capitalism Back In