Comparative Political Economy
Kaup valmöguleikar
Why do unemployment, inflation, and growth rates vary across political economies? Why are some capitalist societies more equitable than others? Why is public spending higher in some countries than others? Drawing on insights from political science, economics, and business, this book addresses these and other related questions in the context of advanced capitalist democracies. The first part of the book investigates how macroeconomic performance and policy outcomes such as public spending, tax revenue, and trade openness are shaped by various economic and political institutions as well as democratic politics.
The second part probes the effects of economic performance and social changes on domestic politics. At the end of each chapter, key terms, review questions, and a short list of recommended readings are included. Each chapter is designed to familiarize readers with core concepts, theoretical arguments, and empirical evidence related to different substantive themes. With in-text focus boxes and short case studies, this book is ideal for anyone seeking a rigorous introduction to the comparative political economy of advanced political economies, and will be a valuable text on courses in political economy, comparative economics, and related areas.
Nánar um bókina
- Taylor & Francis
- 9780429581168
- 9780367189495
- ePub
- 1
- Prosper M. Bernard, Jr.
- English
- 2021-09-22
- 100
- 2
- 2
Kaflar
- Cover
- Half Title
- Title
- Copyright
- Contents
- List of figures
- List of tables
- List of in focus boxes
- Acknowledgment
- 1 Introduction to the study of comparative political economy
- How governments affect markets
- Market failures
- Distributional equity
- Smoothing out business cycles
- Government failures
- Economic manipulation
- How the economy impacts the government
- State capacity
- Economic voting
- Rent-seeking and capture
- Doing comparative political economy
- Varieties of capitalism
- The plan of this book
- Key concepts
- Discussion questions
- Further reading
- Part I The effects of institutions and democratic politics on economic outcomes
- 2 Economic institutions
- Why is the market for labor different from other markets?
- Institutional features of labor and employers
- Union density and coverage
- Why is union density higher in some countries?
- The decline of unions
- Centralization
- Changes in wage-setting since the 1980s
- Concentration
- Employers’ associations
- Macroeconomic performance and economic institutions
- Wage determination institutions
- Labor market policies
- Institutional interaction
- Conclusion
- Key concepts
- Discussion questions
- Further reading
- 3 Political institutions
- Studying the effects of political institutions
- Forms of government: presidential and parliamentary systems
- Electoral rules: plurality-majority and proportional representation
- Empirical evidence of institutional effects
- Configurations of political institutions
- Varieties of dual institutions
- Consensus and majoritarian democracies
- Veto points
- Conclusion
- Key terms
- Discussion questions
- Further reading
- 4 Political cycles in economic policies and outcomes
- Models of electoral cycles
- The traditional electoral cycle model
- The rational electoral cycle model
- Context-dependent election cycles
- Models of partisan cycles
- The traditional partisan model
- The rational partisan model
- Context-dependent partisan cycles
- Conclusion
- Key terms
- Discussion questions
- Further reading
- Part II The effects of the economy and society on domestic politics
- 5 Economic voting
- “Yes, there’s a link, no there isn’t”
- Theoretical foundations
- The reward-punishment approach
- The selection approach
- Empirical studies
- U.S.-based studies
- Cross-national analyses
- Political context matters
- Economic voting during the Great Recession
- Key controversies
- Retrospective versus prospective voting
- Pocketbook versus sociotropic voting
- Elite manipulation
- Knowledge, biases, and media
- Conclusion
- Key terms
- Discussion questions
- Further reading 119
- 6 Inequality
- How to measure inequality
- Why inequality matters
- Fairness
- Economic growth
- Health and social well-being
- Household debt and financial crisis
- Political consequences
- Political and economic determinants of wage inequality
- Union density
- Wage centralization
- Left government
- A New Gilded Age in the United States: a comparative look
- The “winner-take-all” economy
- Public policies
- Electoral politics
- Business power
- Conclusion
- Key terms
- Discussion questions
- Further reading
- 7 Redistribution
- Measuring redistribution
- Inequality and redistribution from cross-national and cross-temporal perspectives
- A basic model of redistribution
- Welfare states
- Comparing welfare states
- Comparative data on social welfare
- The redistributive effects of the tax-transfer system
- Redistribution in times of welfare state restructuring
- Determinants of preferences for redistribution
- Insurance models
- Social affinity models
- Macro-level determinants of redistribution
- Political-institutional factors
- Globalization and redistribution
- Conclusion
- Key terms
- Discussion questions
- Further reading
- 8 Conclusion—current directions in CPE
- Beyond varieties of capitalism
- Liberalization as gradual change
- Bringing macroeconomics back in
- Populism
- What is populism?
- Economic and cultural determinants of populism
- Policy consequences of populism
- Conclusion
- Key concepts
- Discussion questions
- Further reading
- Bibliography
- Index