Description
A groundbreaking 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. Torben Iversen and David Soskice argue that this view is wrong. In fact, advanced democracies are resilient and their enduring relationship with capitalism has been mutually beneficial. Iversen and Soskice show how democratic states continuously reinvent their economies through 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 advanced sectors of the economy. Challenging the prevailing wisdom on globalization, Democracy and Prosperity reveals how advanced capitalism is neither footloose nor unconstrained--and how it thrives under democracy precisely because it cannot subvert it.Author: Torben Iversen, David Soskice
Publisher: Princeton University Press
Published: 11/03/2020
Pages: 360
Binding Type: Paperback
Weight: 1.15lbs
Size: 9.10h x 6.10w x 0.90d
ISBN13: 9780691210216
ISBN10: 0691210217
BISAC Categories:
- Political Science | Political Ideologies | Democracy
- Political Science | Political Economy
- Political Science | Globalization
About the Author
Torben Iversen is the Harold Hitchings Burbank Professor of Political Economy at Harvard University. David Soskice is School Professor and Professor of Political Science and Economics at the London School of Economics.