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Varieties of Capitalism: The Institutional Foundations of Comparative Advantage 1st Edition, Kindle Edition

by Peter A. Hall (Editor), David Soskice (Editor) Format: Kindle Edition
4.7 4.7 out of 5 stars 16 ratings
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What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them.

Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations.

The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change.

This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.
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  1. Edition
    1st
  2. Sticky notes
    On Kindle Scribe
  3. Publisher
    OUP Oxford
  4. Publication date
    August 30, 2001
  5. Language
    English
  6. File size
    4657 KB
  7. See all details
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Editorial Reviews

Review

"With this book Peter Hall and David Soskice are opening a new chapter in the analysis of contemporary capitalism. They have succeeded in bringing together in one compelling formulation historical - institutional and rationalist - individualist analytical perspectives. The empirical applications in Varieties of Capitalism illuminate in a profound way how both scholars and policy makers will benefit when they link macro- and micro-level analyses across the many different sectors that define contemporary capitalism in its many forms. Economists and political scientists, finally, are able to meet on common ground. This book will become a classic in the field."-- Peter J. Katzenstein, Walter S. Carpenter, Jr. Professor of International Studies, Cornell University.

"This invaluable contribution to the comparative capitalism literature vigorously argues against the notion of convergence so popular in the globalism debates. The authors expand our understanding of national "production systems" to see new connections and show that the differences aong them allow countries to pursue distinctly different strategies of international competition. A must read."--Peter Gourevitch, University of California, San Diego

"This book has been well worth waiting for. It demonstrates the wealth of insights that could be achieveed through Soskice's innovative research program that began to chang the agenda of Comparative POlitical Economy more than a decade ago. The volume combines a definitive restatement of the varieties of cpitialism approach with illuminative applications to the range of research areas covered by it with some fascinating theoretical extensions. Excellent!"-- F.W. Scharpf, Max Planck Institute for the Study of Societies, Cologne

About the Author

Peter A. Hall is Frank G. Thomson Professor of Government and Harvard College Professor at Harvard University where he is also the Director of the Minda de Gunzburg Center for European Studies. He is the author or editor of several books and many articles on European politics, policy-making, and comparative political economy. His work has received numerous awards including the Woodrow Wilson Award for the best book in political science published in 1986 and the Luebbert Award for the best article in comparative politics published in 1998. David Soskice is Research Professor of Political Science at Duke University and Adjunct Research Professor at the School for Social Sciences of the Australian National University. He is Emeritus Fellow in Economics at University College, Oxford, and on leave from the Wissenschaftszentrum für Sozialforschung in Berlin (WZB) where he has been Director of the Research Unit on Employment and Economic Change since 1990. He is the author or editor of several books and many articles on comparative political economy, macroeconomics, and labor economics.

Product details

  • ASIN ‏ : ‎ B008C7XIV6
  • Publisher ‏ : ‎ OUP Oxford; 1st edition (August 30, 2001)
  • Publication date ‏ : ‎ August 30, 2001
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 4657 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 560 pages
  • Customer Reviews:
    4.7 4.7 out of 5 stars 16 ratings

Customer reviews

4.7 out of 5 stars
16 global ratings

Top reviews from the United States

A. Brandon Baez Camarena
5.0 out of 5 stars Excellent for Phd in Management Sciences
Reviewed in the United States on April 10, 2015
Verified Purchase
This is a very good lecture for those phd students and the people who is interested in the theory of varieties of capitalism.
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BenH
4.0 out of 5 stars Further progress toward a coherent empirical science of ecolomics
Reviewed in the United States on October 22, 2020
The most realistic/scientific/useful framework of analysis for "economics" begins with the insight that every political-economic system, specific to time and place, is a semi-conscious attempt by a specific group of people to answer the question: HOW SHALL WE LIVE? How shall we interact with each other and our environment so as to provide for our basic needs, a few(!) extras, and those who come after us?

From this broadscale beginning, the scientific political economist/ecolomist identifies a society’s different decision-makers and their objectives, perspectives, habits, resources, scope, etc. Then s/he looks at the substantive and procedural norms that appear to guide their decision-making. Then s/he holistically models the collective, macro decision process and its effects on impacted populations, both present and future.

Historically separate ecolomies can then be compared, and their ("global") interactions evaluated.

This is essentially a systems approach with emphasis on decision-making, decision makers, and outcomes.

Political scientist Harold Lasswell was probably the prime instigator of the approach, which spilled over into jurisprudence thanks to Harold's partnership with Myres McDougal at Yale Law School in the 1950s.

In my opinion, this DECISIONAL approach to ecolomics yields simplicity/coherence/brevity/clarity to the analytic enterprise.

"Varieties of Capitalism" is definitely a step in the right direction, though it is unduly verbose and therefore needs a lot of parsing, aka clarification. Too much work for most people. And it could be otherwise.

The authors seem to be somewhat burdened by inherited academic style and content. This is unfortunate but probably inevitable. I wish them more freedom from their past.
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Soren Ingomar Petersen
5.0 out of 5 stars Five Stars
Reviewed in the United States on September 10, 2016
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all went well
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