Description
Book SynopsisThis book focuses on some of the most important political-economic changes in advanced industrialized countries over the past two decades, namely, unemployment and the growth of inequality. Focusing on Northern Europe, the book explores the intersection of partisan politics, the international economy, and nationally specific institutions.
Trade Review"The result of years of empirical and theoretical work and debate, this book represents a major step ahead in the comparative study of modern capitalism, and especially of the impact of political institutions and institutional change on economic processes and outcomes." Wolfgang Streeck, Max Planck Institute for the Study of Societies
"Studies of industrial relations increasingly need to take full account of the role of monetary institutions. The papers presented in this volume provide an authoritative basis for carrying out such analyses. Subsequent scholars will be extremely grateful to these authors." Colin Crouch, European University Institute, Florence
"This outstanding volume on the political economy of the social market economies of Northern Europe joins the literature on corporatism and coordinated wage bargaining with work on central banks, monetary policy and fiscal policy to produce a deeper understanding of how the problems of unemployment and growth are rooted in the institutional arrangements of these political economies. Since these countries form the economic pivot of the new Europe, this volume is essential reading for scholars interested in the dynamics of wage bargaining, unemployment, and growth in the emerging European Monetary Union." John D. Stephens, University of North Carolina, Chapel Hill
Table of Contents1. Comparative political economy: Northern European perspective Torben Iversen and Jonas Pontusson; 2. Macroeconomic analysis and the political economy of unemployment David Soskice; Part I. Wage Bargaining: 3. The Swedish employer offensive against centralized bargaining Peter Swenson and Jonas Pontusson; 4. Post-war wage setting in the Nordic countries Michael Wallerstein and Miriam Golden; 5. Why German employers cannot bring themselves to dismantle the German model Kathleen Thelen; Part II. Macroeconomic Regimes: 6. Institutional dimensions of coordinating wage bargaining and monetary policy Robert Franzese and Peter Hall; 7. Decentralization, monetarism and the social democratic welfare state Torben Iversen; 8. The politics of macroeconomic policy and wage negotiations in Sweden Andrew Martin; Part III. Macroeconomic and Distributive Outcomes: 9. Public sector unions, corporatism and wage determination Geoffrey Garrett and Christopher Way; 10. Labor-market institutions and wage distribution Jonas Pontusson.
