Continuity and Change in Contemporary Capitalism

Gary Marks editor Herbert Kitschelt editor Peter Lange editor John D Stephens editor

Format:Paperback

Publisher:Cambridge University Press

Published:13th Jan '99

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Continuity and Change in Contemporary Capitalism cover

The book asks whether political and economic interdependence in the 1980s and 1990s force polities to adopt similar institutional reforms.

In the early 1980s, many observers, argued that powerful organized economic interests and social democratic parties created successful mixed economies promoting economic growth, full employment, and a modicum of social equality. The present book assembles scholars with formidable expertise in the study of advanced capitalist politics and political economy to reexamine this account from the vantage point of the second half of the 1990s. The authors find that the conventional wisdom no longer adequately reflects the political and economic realities. Advanced democracies have responded in path-dependent fashion to such novel challenges as technological change, intensifying international competition, new social conflict, and the erosion of established patterns of political mobilization. The book rejects, however, the currently widespread expectation that 'internationalization' makes all democracies converge on similar political and economic institutions and power relations. Diversity among capitalist democracies persists, though in a different fashion than in the 'Golden Age' of rapid economic growth after World War II.

'This book is a significant contribution to political economy and will be useful for students of comparative politics.' The Times Higher Education Supplement

ISBN: 9780521634960

Dimensions: 229mm x 154mm x 36mm

Weight: 758g

548 pages