The Futures of European CapitalismIn this path-breaking book, the author argues that European countries' political-economic policies, practices, and discourses have changed profoundly in response to globalization and Europeanization, but they have not converged. Although national policies may now be more similar, especially where they follow from common European policies, they are not the same. National practices, although moving in the same general direction toward greater market orientation, continue to be differentiable into not just one or even two but three varieties of capitalism. And national discourses that generate and legitimate changes in policies and practices not only remain distinct, they matter. The book is a tour de force which combines sophisticated theoretical insights and innovative methods to show that European countries generally, but in particular Britain, France, and Germany (for which the book provides lengthy case studies), have had very different experiences of economic adjustment, and will continue to do so into the future. |
Contents
European Pathways to the Future | 1 |
The Policies of Economic Adjustment | 11 |
The Practices of Economic Adjustment | 105 |
The Politics of Economic Adjustment | 207 |
The Futures of European Capitalism | 303 |
| 311 | |
| 347 | |
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Common terms and phrases
adjustment autonomy and control banks Britain British cent CEOs Chapter communicative discourse competitive coordinative discourse corporate corporatism decentralized deregulation dirigiste East German economic vulnerability elite employers ensure epistemic community Europe European integration European monetary European Union example financial markets firms focused France French Germany globalization and Europeanization greater Hancké ideal-typical ideas impact incomes policies increasing increasingly industrial policy industrial relations inter-firm internationalization investment legacies and preferences liberal managed capitalism managed capitalist market capitalism market capitalist monetarism monetary integration monetary policy Moreover multi-actor systems national autonomy negotiate neo-liberal normative OECD paradigm policy actors policy discourse policy legacies policy programme policy-making political institutional capacity post-war pressures of globalization privatization problems promote reform regulatory response role Scharpf Schmidt sectors shareholder single-actor social market economy social policy Socialists Soskice supranational Thatcher Thatcherite transformation unemployment University Press values varieties of capitalism wage bargaining welfare