9780691182735-0691182736-Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century

Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century

ISBN-13: 9780691182735
ISBN-10: 0691182736
Author: Torben Iversen, David Soskice
Publication date: 2019
Publisher: Princeton University Press
Format: Hardcover 360 pages
FREE US shipping on ALL non-marketplace orders
Marketplace
from $5.20 USD
Buy

From $5.20

Book details

ISBN-13: 9780691182735
ISBN-10: 0691182736
Author: Torben Iversen, David Soskice
Publication date: 2019
Publisher: Princeton University Press
Format: Hardcover 360 pages

Summary

Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century (ISBN-13: 9780691182735 and ISBN-10: 0691182736), written by authors Torben Iversen, David Soskice, was published by Princeton University Press in 2019. With an overall rating of 4.2 stars, it's a notable title among other Economic Conditions (Economics, Economic History) books. You can easily purchase or rent Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century (Hardcover) from BooksRun, along with many other new and used Economic Conditions books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.3.

Description

A groundbreaking new historical analysis of how global capitalism and advanced democracies mutually support each other

It 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.

Rate this book Rate this book

We would LOVE it if you could help us and other readers by reviewing the book