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The Effects of Political Institutions on Varieties of Capitalism - Couverture souple

Arsenault, Matthew P.

 
9783319845142: The Effects of Political Institutions on Varieties of Capitalism
Couverture souple
ISBN 10 : 3319845144 ISBN 13 : 9783319845142
Editeur : Palgrave Macmillan, 2018

Synopsis

This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to nonmarket coordination mechanisms unlikely. Consensus institutions, on the other hand, promote an atmosphere of cooperation and coordination between actors, thus encouraging credible commitment to nonmarket coordination mechanisms. Qualitative case studies of Germany, Britain, and New Zealand confirm the quantitative findings and suggest that political regimes were instrumental in shaping the economic adjustment paths of these countries during the era of liberalization in the 1980s.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Matthew P. Arsenault is Assistant Professor of Political Science at Mount Aloysius College, USA. He previously served as a Presidential Management Fellow with the Consumer Financial Protection Bureau.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Palgrave Macmillan
Date d'édition
2018
Langue
anglais
ISBN 10 
3319845144
ISBN 13 
9783319845142
Reliure
Broché
Nombre de pages
216
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