New books


Beyond varieties of capitalism

Conflict, contradictions, and complementarities in the European economy

Bob Hancké, Martin Rhodes og Mark Thatcher

Oxford University Press 2007, 464 s. ISBN 9780199206483
Bogomtale fra forlaget.

* Critically analyzes developments in European Political Economy and their effects on the continental European economies
* Leading political economists from Europe and the US consider how the influential 'Varieties of Capitalism' approach can help us understand these challenges
* The editors, Peter Hall, and David Soskice debate the criticisms levelled at the 'Varieties of Capitalism' approach

Since the early 1990s, Europe's economies have been facing several new challenges: the 1992 single market programme, the collapse of the Berlin wall and eastward enlargement, and monetary unification. Building on the influential Varieties of Capitalism (VoC) perspective, first elaborated in detail in the book Varieties of Capitalism (OUP, 2001), this book critically analyzes these developments in the European political economy and their effects on the continental European economies.

Leading political economists from Europe and the US debate how VoC can help understand the political-economic challenges that Europe is facing today and how understanding these new challenges can in turn enrich and enhance the VoC perspective. Thematically, the contributions to this volume are organised in four sections:

* how the macro-economics of EMU influenced different European models of capitalism,
* how the Single Market programme was received in the different institutional regimes in European capitalism,
* how welfare and labour market reforms are debated and implemented,
* how European capitalism travelled east after 1989.

Preceding this is a spirited defence of the VoC approach by Peter Hall, and an introduction from the volume editors, considering the approach, and proposing extensions and amendments. This book demonstrates that the VoC approach remains, as the editors put it in their introduction, a rich seam to mine, capable of accommodating new developments, and theoretically flexible enough to branch out into new arguments.

Readership: Academics, researchers, and graduate students of Comparative Political Economy, Comparative Business Systems, International Business, and Economics

Part 1: Varieties of Capitalism: Taking Stock
1. Introduction: Beyond Varieties of Capitalism , Martin Rhodes, Bob Hancké & Mark Thatcher
2. The Evolution of Varieties of Capitalism in Europe , Peter Hall
Part 2: Macro-adjustment and Varieties of Capitalism
3. Macroeconomics and Varieties of Capitalism , David Soskice
4. Wage bargaining and Comparative Advantage in EMU , Bob Hancké & Andrea Monika Herrmann
Part 3: The Single Market, Regulation, and Firms
5. Reforming National Regulatory Institutions: The EU and cross-national variety in European network industries , Mark Thatcher
6. Globalization, Institutional Variation and coordination patterns in CMEs: Swiss and German Corporate Governance in Comparison , Alexander Börsch
7. Capital Mobility, Varieties of Institutional Investors and the Transforming Stability of Corporate Governance in France and Germany , Michel Goyer
Part 4: Labour Market and Welfare State Adjustment
8. The Political Economy of Adjustment in Mixed Market Economies: A Study of Spain and Italy , Martin Rhodes & Oscar Molina
9. What Does Business Want? Labour Market Reform in CMEs and its Problems , Anke Hassel
10. Economic Shocks and Varieties of Government Responses , Torben Iversen
Part 5: Capitalism Goes East
11. Central European Capitalism in Comparative Perspective , Lawrence King
12. The origins of Varieties of Capitalism: Lessons from post-Socialist transition in Estonia and Slovenia , Magnus Feldmann
13. Strengths and Weaknesses of 'Weak' Co-ordination: Economic institutions, revealed comparative advantages and socio-economic performance of Mixed-Market Economies in Poland and Ukraine , Vlad Mykhnenko

Authors, editors, and contributors

Edited by Bob Hancké, Reader in European Political Economy, London School of Economics and Political Science,
Martin Rhodes, Professor of Public Policy, Department of Social and Political Sciences, European University Institute, Florence, and
Mark Thatcher, Senior Lecturer in Public Administration and Public Policy, London School of Economics and Political Science
Contributors:Alexander Börsch, Boston Consulting,
Magnus Feldmann, Harvard University,
Michel Goyer, Warwick University,
Peter Hall, Harvard University,
Bob Hancké, London School of Economics and Political Science,
Anke Hassel, Hertie School of Governance,
Andrea Monika Herrmann, European University Institute,
Torben Iversen, Harvard University,
Lawrence King,Yale University,
Oscar Molina, European University Institute,
Vlad Mykhnenko, University of Glasgow,
Martin Rhodes, European University Institute, Florence,
David Soskice, WZB, Duke University, and London School of Economics and Political Science,
Mark Thatcher London School of Economics and Political Science.