This is a fascinating inquiry into the factors that determine the acceptance or rejection of capitalism by the industrial working class. Combining classical social theory, historical evidence, and survey data, Waisman explores the relationship between the degree of modernization and the legitimacy of the capitalist social order. Propositions about the interaction between established elites and emerging working classes are illustrated with three typical cases: Disraelian Britain, Bismarckian Germany, and Peronist Argentina. From the contrasting theories of Marx and Bakunin, the author derives hypotheses concerning the position of the working class in the economy and the consequences this has for legitimacy. He finds that countries at middle levels of industrial development—mostly latecomers to industrialization in Southern Europe and advanced areas of Latin America—have the greatest difficulty in establishing capitalism as a legitimate social order. They are advanced enough to have a large working class, yet underdeveloped enough to have a dissatisfied one.
This is a fascinating inquiry into the factors that determine the acceptance or rejection of capitalism by the industrial working class. Combining classical social theory, historical evidence, and survey data, Waisman explores the relationship between the degree of modernization and the legitimacy of the capitalist social order. Propositions about the interaction between established elites and emerging working classes are illustrated with three typical cases: Disraelian Britain, Bismarckian Germany, and Peronist Argentina. From the contrasting theories of Marx and Bakunin, the author derives hypotheses concerning the position of the working class in the economy and the consequences this has for legitimacy. He finds that countries at middle levels of industrial development—mostly latecomers to industrialization in Southern Europe and advanced areas of Latin America—have the greatest difficulty in establishing capitalism as a legitimate social order. They are advanced enough to have a large working class, yet underdeveloped enough to have a dissatisfied one.
This volume focuses on the relationship between the tasks of institutional design and the outcomes of the process of economic and political liberalization in Latin America and in Central and Eastern Europe. The contributors emphasize the design of institutions to serve a market economy, the design of electoral laws, and the design of executive-legislative relations. Within this framework each chapter discusses the legacy of the pre-existing authoritarian regime; the range of preferences among various strategic actors with regard to the pace and mix of reforms; and the consequences of final choices for the institutionalization of effective economies and the process of democratization. Countries throughout Latin America and Central and Eastern Europe are moving from semi-closed to open economies and from authoritarian to democratic political systems. Despite important differences between the regions, these transitions involve similar tasks: the establishment of governmental institutions and electoral systems conducive to legitimation of the new and fragile democracies and expansion of the institutional infrastructure of a market economy. This volume looks at both regions, focusing on the relationship between the tasks of institutional design and the outcomes of the process of economic and political liberalization. In particular, the contributors emphasize the design of institutions to serve a market economy, the design of electoral laws, and the design of executive-legislative relations. Each chapter discusses the legacy of the pre-existing authoritarian regime; the range of preferences among various strategic actors (the government, state bureaucracies, opposition parties, and interest groups) with regard to the pace and mix of reforms; and the consequences of final choices for the institutionalization of effective economies and the process of democratization.
Carlos Waisman has pinpointed the specific beliefs that led the Peronists unwittingly to transform their country from a relatively prosperous land of recent settlement, like Australia and Canada, to an impoverished and underdeveloped society resembling the rest of Latin America. Originally published in 1987. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
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