This book serves as a sequel to two distinguished volumes on capitalism: Continuity and Change in Contemporary Capitalism (Cambridge, 1999) and Order and Conflict in Contemporary Capitalism (1985). Both volumes took stock of major economic challenges advanced industrial democracies faced, as well as the ways political and economic elites dealt with them. However, during the last decades, the structural environment of advanced capitalist democracies has undergone profound changes: sweeping deindustrialization, tertiarization of the employment structure, and demographic developments. This book provides a synthetic view, allowing the reader to grasp the nature of these structural transformations and their consequences in terms of the politics of change, policy outputs, and outcomes. In contrast to functionalist and structuralist approaches, the book advocates and contributes to a 'return of electoral and coalitional politics' to political economy research.
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Pablo Beramendi is Associate Professor of Political Science at Duke University, North Carolina. He is the author of The Political Geography of Inequality (Cambridge, 2013), winner of the 2013 APSA Best Book Award from the European Politics and Society section and 2014 Honorable Mention recipient of the APSA Luebbert Best Book Award.
Silja Häusermann is Professor of Political Science at the University of Zurich. She is the author of The Politics of Welfare Reform in Continental Europe: Modernization in Hard Times (Cambridge, 2010).
Herbert Kitschelt is George V. Allen Professor of International Relations at Duke University, North Carolina. His recent publications include Latin American Party Systems (coauthored, Cambridge, 2010) and Patrons, Clients, and Policies (coedited, Cambridge, 2007).
Hanspeter Kriesi holds the Stein Rokkan Chair in Comparative Politics at the European University Institute in Florence. From 2005 to 2012, he served as director of a Swiss national research program on the challenges to democracy in the twenty-first century.
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