Varieties of Capitalism : The Institutional Foundations of Comparative Advantage
Hall, Peter A. (EDT); Soskice, David W. (EDT)
Language: English
Published by Oxford University Press, 2001
- Hardcover
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- Title
- Varieties of Capitalism : The Institutional Foundations of Comparative Advantage
- Author
- Hall, Peter A. (EDT); Soskice, David W. (EDT)
- Publisher
- Oxford University Press
- Publication year
- 2001
- Condition
- As New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0199247749
- ISBN 13
- 9780199247745
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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About the Author
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.
"About the title" may belong to another edition of this title.
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