Re-Forming Capitalism Institutional Change in the German Political Economy

Wolfgang Streeck is a leading figure in 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 andeconomic-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 onwage-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 democraticcapitalism by means of an historically-grounded approach to institutional change.This is an important book from a leading thinker and researcher in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.

Wolfgang Streeck is Director at the Max Planck Institute for the Study of Societies in Cologne, Germany. From 1988 to 1995 he was Professor of Sociology and Industrial Relations at the University of Wisconsin-Madison. In 1998/99 he was President of the Society for the Advancement of Socio-Economics. He has held visiting positions at the European University Institute in Florence, at the University of Warwick, the Instituto Juan March in Madrid, and the Sciences Po in Paris; he was a Fellow at the Wissenschaftskolleg in Berlin and the Russell Sage Foundation in New York; and he is a member of the Berlin-Brandenburg Academy of Sciences and the Academia Europea.