Re-Forming Capitalism

This insightful work examines institutional change and capitalism's effects on social order, focusing on Germany's economic model in Re-Forming Capitalism.

In Re-Forming Capitalism, Wolfgang Streeck delves into the intricate dynamics of comparative political economy and institutional theory. He emphasizes the significance of historical context in institutional analysis, exploring how slow institutional changes occur over time. Streeck critically examines the challenges of managing capitalism's impact on social order, highlighting the limitations of traditional economic-functionalist perspectives that often dominate discussions in the field.

The author uses Germany as a focal point, questioning its classification as a quintessential 'European' coordinated market economy within the 'Varieties of Capitalism' framework. Through original empirical research on wage-setting, business organization, and social policies, Streeck provides a comprehensive analysis of whether Germany truly fits this model. He investigates the complexities of wage structures, labor relations, and corporate governance, offering insights into the interplay between economic practices and institutional frameworks.

Re-Forming Capitalism is not just an academic treatise; it is a significant contribution to the understanding of democratic capitalism's evolution. By employing a historically-grounded approach, Streeck traces the liberalization trends in postwar economies, making this book essential reading for scholars, researchers, and students interested in political economy, sociology, and comparative business systems. It invites readers to reconsider the relationship between capitalism and social order in contemporary society.