Description
A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation,' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growth-the main mechanism of capitalist legitimation-is harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these questions by bringing together a number of comparative and international political economists with expertise across many different countries and regions. Going beyond the methodological nationalism common in most comparative research, each author departs from a common theoretical framework, the Growth Model Perspective, and contributes to develop it further. The outcome is a new theoretical framework to help social scientists, policymakers, and opinion makers, understand the politics of growth and stagnation, which offers state of the art empirical analyses at the country, regional, and global level.
About the Author
Lucio Baccaro is Director at the Max Planck Institute for the Study of Societies in Cologne. Mark Blyth is the William R. Rhodes '57 Professor of International Economics and Director of the Rhodes Center for International Economics and Finance at Brown University. Jonas Pontusson is Professor of Comparative Politics at the University of Geneva.
Reviews
This immensely stimulating book enriches our understanding of comparative and international political economy with new perspectives drawn from post-Keynesian economics about how and why growth models vary across countries and time. Bringing macroeconomics back into the center of the study of comparative capitalism, the authors skillfully weave economics and politics together to yield a distinctive view of the challenges facing the contemporary world. This is an illuminating volume that all political economists will want to read. * Peter A. Hall, Krupp Foundation Professor of European Studies, Harvard University *
What happens when growth slows down? This excellent book contributes to a growing research agenda on economic growth, ranging from heterodox economics and international political economy to political science. At the core are institutional differences between national growth regimes that are interconnected in the global economy. Understanding those institutions and dynamics will allow us to better guide the transition from fossil-fuelled growth towards decarbonization. * Anke Hassel, Professor of Public Policy, Hertie School *
Every once in a while, a book comes along that genuinely takes the scholarly and analytical debates in a field forwards. This impressively substantial tome is just such a volume, enriching comparative capitalisms analysis in bringing together an array of the world's leading political economists to explore growth models and capitalist restructuring in many parts of the globe. This will become a landmark volume that students and scholars of the political economy interested in the politics of capitalist growth in all parts of the globe will need to read. * Ben Clift, Professor of Political Economy, University of Warwick *
Book Information
ISBN 9780197607862
Author Lucio Baccaro
Format Paperback
Page Count 448
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 872g
Dimensions(mm) 235mm * 155mm * 34mm
About the Author
Lucio Baccaro is Director at the Max Planck Institute for the Study of Societies in Cologne. Mark Blyth is the William R. Rhodes '57 Professor of International Economics and Director of the Rhodes Center for International Economics and Finance at Brown University. Jonas Pontusson is Professor of Comparative Politics at the University of Geneva.
Reviews
This immensely stimulating book enriches our understanding of comparative and international political economy with new perspectives drawn from post-Keynesian economics about how and why growth models vary across countries and time. Bringing macroeconomics back into the center of the study of comparative capitalism, the authors skillfully weave economics and politics together to yield a distinctive view of the challenges facing the contemporary world. This is an illuminating volume that all political economists will want to read. * Peter A. Hall, Krupp Foundation Professor of European Studies, Harvard University *
What happens when growth slows down? This excellent book contributes to a growing research agenda on economic growth, ranging from heterodox economics and international political economy to political science. At the core are institutional differences between national growth regimes that are interconnected in the global economy. Understanding those institutions and dynamics will allow us to better guide the transition from fossil-fuelled growth towards decarbonization. * Anke Hassel, Professor of Public Policy, Hertie School *
Every once in a while, a book comes along that genuinely takes the scholarly and analytical debates in a field forwards. This impressively substantial tome is just such a volume, enriching comparative capitalisms analysis in bringing together an array of the world's leading political economists to explore growth models and capitalist restructuring in many parts of the globe. This will become a landmark volume that students and scholars of the political economy interested in the politics of capitalist growth in all parts of the globe will need to read. * Ben Clift, Professor of Political Economy, University of Warwick *
Book Information
ISBN 9780197607862
Author Lucio Baccaro
Format Paperback
Page Count 448
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 872g
Dimensions(mm) 235mm * 155mm * 34mm
