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Introduction: institutional change in advanced political economies

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Streeck, Wolfgang; Thelen, Kathleen

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Abstract "Empirically the chapters of this book deal with current changes in selected political-economic institutions of rich, mostly Western democracies. To us the most prominent theoretical frameworks employed in the analysis of the welfare state and of contemporary political economy generally seem singularly ill-equipped to capture significant developments underway in many if not all of them. While we join with a large literature that rejects the notion that previously diverse political economies are all covering on a single model of capitalism, we notice that many arguments in support of the idea of distinctive and stable national models lack the analytic tools necessary to capture the changes that are indisputably going on in these countries. One consequence is a tendency in the literature to understate the extent of change, or alternatively to code all observed changes as minor adaptive adjustments to altered circumstances in the service of continuous reproduction of existing systems." (excerpt)
Keywords political economy; institutional change; political factors; microeconomic factors; social market economy; capitalism
Classification Political Economy
Method descriptive study
Collection Title Beyond continuity: institutional change in advanced political economies
Editor Streeck, Wolfgang; Thelen, Kathleen
Document language English
Publication Year 2005
Publisher Univ. Press
City Oxford et al.
Page/Pages p. 1-39
ISBN 978-0-19-928045-2
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne