Wolfgang Streeck has written extensively on comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and the recurrent difficulties of restraining the effects of capitalism on social order. In the classification of the 'Varieties of Capitalism' school, Germany has always been taken as the chief exemplar of a 'European', coordinated market economy. Streeck explores to what extent Germany actually conforms to this description. His argument is supported by original empirical research on wage-setting and wage structure, the organization of business and labor in business associations and trade unions, social policy, public finance, and corporate governance. From this evidence, Bringing Capitalism Back In traces the current liberalization of the postwar economy of democratic capitalism by means of an historically-grounded approach to institutional change. This is an important book in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.
The financial crisis keeps us on edge and creates a diffuse sense of helplessness. Well-nigh unfathomable problems lead to measures that seem like emergency operations on the open heart of the Western world, performed with no knowledge of the patient's clinical history. The gravity of the situation is matched by the paucity of our understanding of it, and of how it came about in the first place. In this book, compiled from his Adorno Lectures given in Frankfurt, Wolfgang Streeck lays bare the roots of the present financial, fiscal and economic crisis, seeing it as part of the long neoliberal transformation of postwar capitalism that began in the 1970s. Linking up with the crisis theories of that decade, he analyses the subsequent tensions and conflicts involving states, governments, voters and capitalist interests—a process in which the defining focus of the European state system has shifted from taxation through debt to budgetary “consolidation.” The book then ends by exploring the prospects for a restoration of social and economic stability. Buying Time is a model of enlightenment. It shows that something deeply disturbing underlies the current situation: a metamorphosis of the whole relationship between democracy and capitalism.
From the acclaimed author of How Will Capitalism End? comes an omnibus of long-form critical essays engaging with leading economists and thinkers. Critical Encounters draws on Wolfgang Streeck's inimitable writing for the London Review of Books and New Left Review, among other publications. It opens with treatments of two contrasting historical eras - factory capitalism and financialization - and three of the world's major economies: the United States, France and Germany. Delving into the world of ideas, Streeck discusses the work of Quinn Slobodian, Mark Blyth, Jrgen Habermas and Perry Anderson. Finally, he zooms out to compare his home discipline of sociology to natural history, giving a remarkable and non-deterministic reading of Charles Darwin. In the preface, Streeck reflects on the art (or craft) of book reviewing and the continuing merits of the book form. Critical Encounters also includes a series of 'Letters from Europe', penned as the coronavirus descended upon the Continent.
One of the “Best Books of the Year”: Guardian • Financial Times • Times Higher Education A major collection of essays that questions whether contemporary capitalism will end with a bang or a whimper—from a leading political economist and the author of Buying Time. After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated. In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War II, is coming to an end. The regulatory institutions that once restrained the financial sector’s excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets. Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand.
An anthology of long-read book reviews by one of the European left’s foremost political economists From the acclaimed author of How Will Capitalism End? comes an omnibus of long-form critical essays engaging with leading economists and thinkers. Critical Encounters draws on Wolfgang Streeck’s inimitable writing for the London Review of Books and New Left Review, among other publications. It opens with treatments of two contrasting historical eras—factory capitalism and financialization—and three of the world’s major economies: the United States, France and Germany. A middle section surveys the hollowing out of Western democracies and reviews Yanis Varoufakis’s “strange but indispensable” memoir of the eurozone crisis. Delving into the world of ideas, Streeck discusses the work of Quinn Slobodian, Mark Blyth, Jürgen Habermas and Perry Anderson. Finally, he zooms out to compare his home discipline of sociology to natural history, giving a remarkable and non-deterministic reading of Charles Darwin. In the preface, Streeck reflects on the art (or craft) of book reviewing and the continuing merits of the book form. Critical Encounters also includes a series of “Letters from Europe,” penned as the coronavirus descended upon the Continent.
The aftershocks of the economic crisis that began in 2008 still rock the world, and have been followed by a crisis in democratic governance. The gravity of the situation is matched by a general paucity of understanding as to precisely what is happening and how it started. In this new edition of a highly acclaimed book, Wolfgang Streeck revisits his recent arguments in the light of Brexit and the continued crisis of the EU. These developments are only the latest events in the long neoliberal transformation of postwar capitalism that began in the 1970s, a process that turned states away from tax toward debt as a source of revenue, and from that point into the ‘consolidation state’ of today. Central to this analysis is the changing relationship between capitalism and democracy—in Europe and elsewhere—and the advancing immunization of the former against the latter.
One of the “Best Books of the Year”: Guardian • Financial Times • Times Higher Education A major collection of essays that questions whether contemporary capitalism will end with a bang or a whimper—from a leading political economist and the author of Buying Time. After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated. In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War II, is coming to an end. The regulatory institutions that once restrained the financial sector’s excesses have collapsed and, after the final victory of capitalism at the end of the Cold War, there is no political agency capable of rolling back the liberalization of the markets. Ours has become a world defined by declining growth, oligarchic rule, a shrinking public sphere, institutional corruption and international anarchy, and no cure to these ills is at hand.
In the countries of the global North, workplace democracy may be thought of as a thing of the past. Increasingly, working relations are regulated primarily by contract; workforces are fissured and fragmented. What are the consequences of this? How should we respond? Ruth Dukes and Wolfgang Streeck argue that the time is ripe to restate the principles of industrial democracy and citizenship for the post-industrial era. Considering developments within political economy, employment relations and labour law since the postwar decades, they trace the rise of globalization and the ‘dualization’ of labour markets – the emergence of a core and periphery of workers – and the progressive insulation of working relations from democratic governance. What these developments amount to, they argue, is an urgent need for political intervention to tame the new world of ‘gigging’ and other forms of highly precarious work. This, according to the authors, will require far-reaching institution-building designed to fill legal concepts such as ‘employment’ with political substance. This eloquent call for a reimagining and renewal of the institutional and material conditions of freedom of association and the reinvention of industrial democracy will be crucial reading for anyone interested in work in the twenty-first century.
Wolfgang Streeck is a leading figure in comparative political economy and institutional theory. In this book he addresses some of the key arguments in these fields: the role of history in institutional analysis, the dynamics of slow institutional change, and the recurrent difficulties of restraining the effects of capitalism on social order.
Compares and explores how social democratic governments have had to adapt to globalization, European integration and social change; and whether they have successfully managed to uphold old social democratic goals and values in light of the devaluation of traditional policy instruments.
Wolfgang Gründinger explores how interest groups, veto opportunities, and electoral pressure formed the German energy transition: nuclear exit, renewables, coal (CCS), and emissions trading. His findings provide evidence that logics of political competition in new German politics have fundamentally changed over the last two decades with respect to five distinct mechanisms: the end of ’fossil-nuclear’ corporatism, the new importance of trust in lobbying, ’green ’ path dependence, the emergence of a ’Green Grand Coalition’, and intra-party fights over energy politics.
The authors emphasize that an economy's competitiveness relies on purposive and intermeshed measures at the meta-, macro-, meso-, and micro- level and a multidimensional guidance concept consisting of competition, dialogue and shared decision-making which integrates the key groups of actors.
This concise volume presents key concepts and entries from the twelve-volume ICA International Encyclopedia of Communication (2008), condensing leading scholarship into a practical and valuable single volume. Based on the definitive twelve-volume IEC, this new concise edition presents key concepts and the most relevant headwords of communication science in an A-Z format in an up-to-date manner Jointly published with the International Communication Association (ICA), the leading academic association of the discipline in the world Represents the best and most up-to-date international research in this dynamic and interdisciplinary field Contributions come from hundreds of authors who represent excellence in their respective fields An affordable volume available in print or online
This title was first published in 2002: Negotiated Europeanisation is the final study in a three-volume series on European Works Councils by an international research group. The first two studies have already been published by Ashgate. The current study is rooted in an analysis of the establishment of EWCs under Articles 5 and 6 of the 1994 EWC Directive. This is now a mandatory procedure and completes the development of EWCs from bodies set up purely by voluntary negotiation to bodies set up within a binding statutory procedure. The study is based on cases of five (named) major European firms in a variety of industrial sectors. As well as a detailed consideration of how negotiations using the mandatory procedure took place, there are more general reflections on the 'quality' of the actors involved, the negotiating process and the outcomes. As well as their analytical value, these observations offer a number of practical pointers on the establishment of information and consultation arrangements internationally. The study also asks why EWCs have been set up in only one third of eligible companies and why the pace of establishing new EWCs slowed after the mandatory procedure came into force in September 1996. This part of the study is based upon a pan-European questionnaire and offers the first empirical findings on this issue. European Works Councils exemplify a new mode of regulation at the European level, not only within industrial relations but in the field of European integration more widely conceived - Europe as a multi-level system of governance within a framework of devolved subsidiarity. This study is of both academic and practical interest, particularly in view of the continuing process of change in this area, exemplified in new Directives on the European Company Statute and information and consultation at national level.
The corporate history of BASF spans an era of German and international economic history that began with the rise of the 'new industries' as of the late nineteenth century and continues today in their confrontation with the new economy. This book examines BASF's corporate governance, financial system, industrial relations, system of qualification and relation to other companies. A corporate history of BASF promises more than an insight into the functioning of an industrial organisation. It also reveals the reasons for the extraordinary economic dynamics of the German empire and the enormous expansion of the world economy before World War I. BASF's history stands at the centre of Germany's wartime economy during two world wars and highlights both its strengths and weaknesses. Just as the IG Farben trust helped support Germany's course of politicoeconomic autarky after 1933, so it was that BASF helped facilitate West Germany's startlingly quick return to the world market. BASF has since been among the transnational companies whose efforts at the leading edge of economic and technological progress are paradigmatic for Germany's entry into the new economy of the twenty-first century.
This title was first published in 2001. The emergence of the European Works Councils (EWCs) is one of the most important developments in international industrial relations and the most significant intervention by the European Union in the industrial relations field. This volume is the second of three studies into the establishment and operation of EWCs conducted by the authors. It examines the development of a typology of EWCs and explores the prospects for establishing networks of EWCs, using case studies drawn from the food, banking and insurance sectors. The book is an informative text for researchers, academics and practitioners who wish to locate empirical material and practical experience in a developmental and theoretical framework.
This title was first published in 2003.The completion of the Single Market and the launching of the European Monetary Union during the 1990s have been accompanied by processes of socio-economic restructuring and major changes in the structure and forms of governance within the dynamic multi-level EU system. The patterns of reaction and adaptation of national industrial relations systems to these EU - developments are discussed under the heading of "Europeanisation" of national IR-systems. The Maastricht and Amsterdam Treaties have extended - to a certain degree - the scope for legislative and coordinated activities by the EU in the fields of social, labour - market and employment policies. These basic legal and political decisions have created new avenues for the development of transnational industrial relations and the establishment of new arenas for EU - level interaction, including social dialogues between the social partners. .
The era of hyperglobalization once hailed as the 'end of history' was characterised by boundless capitalist expansion. The neoliberal revolution gave rise to a politics of scale aimed at the centralization and unification of states and state systems: the replacement of national with global governance or, in Europe, of the nation-state with a supranational superstate, the European Union. The 'New World Order' proclaimed by the United States in the wake of the Soviet collapse proved to be ungovernable by democratic means. Instead, it was ruled through a combination of technocracy and mercatocracy, failing spectacularly to provide for political stability, social legitimacy and international peace. Marked by a series of economic and institutional crises, hyperglobalization gave rise to various kinds of political countermovements that rebelled against and ultimately stopped the upward transfer of state authority in its tracks. This book analyses the ongoing tug-of-war between the forces of globalism and democracy, of centralization and decentralization, and unification and differentiation of states and state systems, and how they are tied to the advance of global capitalism and the prospects for its social and democratic regulation. Exploring the possibility for states and the societies they govern to take back control over their collective fate, the book is an attempt at a renewed theory of the state in political economy. Inspired by the work of Karl Polanyi and John Maynard Keynes, it discusses the potential outlines of a state system allowing for democratic governance within and peaceful cooperation between sovereign nation-states.
The textbook introduces the self-understanding, institutional structure and practice of the political system of the Federal Republic of Germany. The work provides a problem-oriented overview of the basic constitutional and foreign policy decisions that have constituted German democracy; the political field of forces formed by interest groups, citizens' initiatives, parties and mass media; the political institutions at the federal, state and local levels; the social reach and administrative enforcement of political decisions; the political culture including the structure of the political ruling class. The new edition also addresses, among other things, the consequences of the Corona crisis for the political system, the changing party system and the crisis of the EU after the 2021 federal election.
This book describes an encompassing modeling approach to psychotherapy, created with the most recent research in the field. Therapeutic interventions are staged within a therapist-client relationship ('alliance'), and become effective by the interplay of deterministic ('causation') and stochastic ('chance') forces. The authors use a Fokker-Planck approach complemented by a structural-mathematical framework from complexity theory. Chapters present statistical tools, which can be applied to analyze the differing time series that depict therapeutic processes. Chapters include examples of how to use these tools within research. The approach adopted in the book – contemporary psychotherapy terminology combined with a systems-theoretical model and algorithms for quantitative psychotherapy research – has the potential to become the new benchmark in psychotherapy. The Process of Psychotherapy is an informative and sophisticated resource for all levels of students, from undergraduate through post-doctoral studies, in the fields of psychology, cognitive psychology, and psychotherapy.
This systematic assessment of the -often opaque- European Council looks at its characteristics, leaders and output as well as its impact on EU supranational and intergovernmental dynamics. Taking account of historical and contemporary developments up to and beyond the Lisbon Treaty, it encourages in-depth understanding of this key institution.
In 20 essays inspired by Hannah Arendt's analysis of crisis-ridden modernity, Wolfgang R. Heuer addresses aspects of depoliticization and the loss of politics, and thus of freedom. The wide-ranging essays are grouped in five sections: When Politics Vanishes, The Call of Responsibility, Images and Emotions, Federations, and From Plurality to Cosmos. They lead to the insight that the crises of our time require a common change of perspective towards ecological and political sustainability, the unity of »Cosmos and Republic«.
The historian Wolfgang Mommsen was one of the foremost experts on Max Weber as well as an insightful and accessible interpreter of his work. Mommsen’s classic book, first published in 1974 under the title The Age of Bureaucracy, not only concisely explains the basic concepts underlying Weber’s worldview, but also explores the historical, social, and intellectual contexts in which he operated, including Weber’s development as an academic, his relationship to German nationalism, and his engagement with Marxism. Supplemented with a new foreword, a bibliography that includes recent studies, and a postscript by Volker Berghahn that surveys the most important debates on Weber's work since his death, this short volume serves as an excellent resource for scholars and students alike.
This textbook deals with the progressive global dissolution of political, economic, and social boundaries, which has significant implications for labor markets, the international division of labor, social security, and income distribution. Politically, it is eroding the sovereign ability of nation-states to shape their own affairs; socially, it conjures up the specter of an increasingly global culture of unity. Against the background of the empirical effects of globalization processes in a number of areas, the book discusses to what extent these fears are justified, whether they cannot also be explained by other developments, and whether the benefits of globalization justify the costs and risks resulting from it.
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