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020 _a9780691182735
_qhardcover
035 _a(OCoLC)on1032650678
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_beng
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100 1 _aIversen, Torben,
_97204
110 _aSoskice, David
_97205
245 1 0 _aDemocracy and prosperity: Reinventing capitalism through a turbulent century
264 1 _aPrinceton, New Jersey :
_bPrinceton University Press,
_c[2019]
264 4 _c©2019
300 _axix, 335 pages :
_billustrations ;
_c25 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages 279-311) and index.
520 8 _aIt is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial. For all the chaos and upheaval over the past century--major wars, economic crises, massive social change, and technological revolutions--Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state. Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.
650 0 _aDemocracy
_xEconomic aspects.
_97206
650 0 _aCapitalism
_xPolitical aspects.
_97207
650 0 _aGlobalization
_xEconomic aspects.
_97208
650 0 _aEconomic development
_xPolitical aspects.
_97209
650 7 _aCapitalism.
_2fast
_0(OCoLC)fst00846425
_91377
650 7 _aDemocracy.
_2fast
_0(OCoLC)fst00890077
_91062
650 7 _aEconomic development
_xPolitical aspects.
_2fast
_0(OCoLC)fst00901849
_97209
650 7 _aGlobalization.
_2fast
_0(OCoLC)fst00943532
_97210
650 7 _a83.21 market economy.
_2nbc
_0(NL-LeOCL)077607104
_97211
856 _3Details (Publisher)
_uhttps://press.princeton.edu/books/paperback/9780691210216/democracy-and-prosperity
906 _a7
_bcbc
_ccopycat
_d2
_encip
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942 _2JEL
_cBO