Description
Book SynopsisWhat are the relative merits of the American and European socioeconomic systems? Long-standing debates have heated up in recent years with the expansion of the European Union and increasingly sharp political and cultural differences between the United...
Trade Review"Jonas Pontusson's new book rates with the finest work in comparative political economy. He tackles the old question of the presumed trade-off between equality and economic growth with fresh ideas and a mass of data and compellingly demonstrates that the institutions of northern European social market economies can produce employment and growth without the inequality characteristic of Anglo-American liberal market economies."—John Stephens, Gerhard E. Lenski Professor of Political Science and Sociology, University of North Carolina
"Jonas Pontusson makes a consistent and convincing argument against conventional wisdom that there is always a trade-off between equity and efficiency, showing that liberal market and social market economies face different challenges and must find different solutions to their problems. Most significant, however, he makes a very strong case that social market economies have a great many advantages over liberal market economies."—Vivien A. Schmidt, Jean Monnet Professor of European Integration, Boston University
