In Policy Change Under New Democratic Capitalism, Edited by Hideko Magara, Chapitre 10, Routledge, Abingdon et New York, 2017, p. 202-222.
About the Book
Democratic capitalism in developed countries has been facing an unprecedented crisis since 2008. Its political manageability is declining sharply. Both democracy and capitalism now involve crucial risks that are significantly more serious than those observed in earlier periods. The notion of policy regimes has gained new significance in analysing the possibilities for a post-neoliberal alternative. Policy innovations directed towards an economic breakthrough require both political leadership and a new economic theory. The processes of political decision making have become quite distant from the public realm, and a limited number of economic and political elites exert influence on public policy.
This book examines, from a policy regime perspective, how developed countries attempt to achieve such a breakthrough at critical junctures triggered by economic crises. It initially assesses the nature of the present crisis and identifies the actors involved. Thereafter, it provides an analytical definition of a crisis, stressing that most crises contain within them the potential to be turned into an opportunity. Finally, it presents a new analytical design in which we can incorporate today’s more globalized and fluid context.
Table of Contents
I.Introduction
1.New Models of Democratic Capitalism and Policy Regime Change (Hideko Magara)
II.Models of New Democratic Capitalism
2.Crisis, Oportunity and Democracy in Contemporary Europe (Philippe Schmitter)
3.The Rise of the European Consolidation State (Wolfgang Streeck)
4.Cost of Democracy: Changing Aspects of Modern Democracy (Hiroshi Shiratori)
5.Institutional Change and Regime Crisis: A Critical Viewpoint on Neoliberalism (Toshio Yamada)
III.Comparative analyses
6.The Political-Economic Implications of De-industrialization with Varieties of Capitalism: An EU-Japan Comparative Analysis (Hiroyasu Uemura and Shinji Tahara)
7.Growth, Employment and Social Security Governance in the EU and Japan (Koji Fukuda)
8.The Diversity of the ‘Neoliberal Policy Regime’ and Income Distribution (Yuji Harada)
IV.Regime Competition in International Rivalry and Cooperation
9.Using Neofunctionalism to Understand the Disintegration of Europe (Philippe Schmitter and Zoe Lefkofridi)
10.From the Variety of Socioeconomic Regimes to Contemporary International Relations (Robert Boyer)
11.Balance-of-Payments Constraints, Change in Income Distribution, and Economic Growth in the Era of Globalization (Hiroshi Nishi)
About the Series
Routledge Research in Comparative Politics
Subject Categories
BISAC Subject Codes/Headings:
- POL024000
- POLITICAL SCIENCE / Public Policy / Economic Policy
- POL033000
- POLITICAL SCIENCE / Globalization
Socio-Economic Review, Discussion Forum: “Brexit: understanding the socio-economic origins and consequences” , 2016, Vol. 14, n° 4, p. 836-845.
Abstract
Jacqueline O’Reilly, Julie Froud, Sukhdev Johal, Karel Williams, Chris Warhurst, Glenn Morgan, Christopher Grey, Geoffrey Wood, Mike Wright, Robert Boyer, Sabine Frerichs, Suvi Sankari, Akos Rona-Tas and Patrick Le Galès
The unprecedented geopolitical shift resulting from Brexit reflects deep socio-economic fault lines within and beyond the UK. In many ways foreshadowing the US presidential election of Donald Trump, Brexit brought to the surface and gave a public voice to socio-economic divisions that were deeply embedded, sometimes illogical, but until now had either been ignored or hushed out of ‘respectable’ public debate. This Discussion Forum emanates from a spontaneous seminar organized 2 days after the Brexit vote on June 25, 2016 as part of the SASE conference held in University of California–Berkeley and followed by an open call for papers by Socio-Economic Review. The papers here draw attention to the origins of the Brexit vote in deep-seated socio-economic divisions (O’Reilly), widening differences in economic performance across sectors and regions of the UK (Froud, Sukhdev and Williams) and the growth of poor quality jobs (Warhurst). Meanwhile, the political dynamics of the Brexit vote were also shaped by the fractured nature of UK business elites (Morgan), divisions between locals and cosmopolitans (Grey) and creative but muddled actions of elites that arguably generated consequences they themselves failed to fully anticipate (Wood and Wright). From the perspective of Europe, Brexit reflects a history of dysfunctional economic policy in Europe that prioritized market competition in ways that neglected and ultimately undermined solidarity (Boyer). Here, Brexit reflects a political strategy to both renationalize and recommodify solidarity in the face of fears over migration, and which are likely to have major consequences for social solidarity in Europe more generally (Frerichs and Sankari). However, Brexit is unlikely to provide a durable social and political solution to the wider tensions between globalization and democracy, which also affect all countries throughout Europe (Rona-Tas). Ultimately, the Brexit vote underlines social divisions that combine class inequalities with regional ones, not just in Britain but throughout Europe (Le Galès).
Paper prepared for the « Forum de la régulation« ,
La théorie de la régulation à l’épreuve des crises, Paris 10-12 juin 2015
In : Neostructuralism and heterodox thinking in Latin America and the Caribbean in the early twenty-first century, eds, Alicia Bárcena Antonio Prado, Economic Commission for Latin America and the Caribbean (ECLAC) Santiago, May 2016, Chap. , p. 273-297.
in manual of critical economics, world diplomatic, Special Edition, 2016, p. 166-167.
Toulouse – 15 September 2016
Presentation of the “Manual of critical economy.”
On Thursday, September 15, at 20 h 30, room of the Seneschal, presentation of the “Handbook of critical economy” with Renaud Lambert and Hélène Richard.
By signing the failure of liberal theories, the financial meltdown of 2008 could encourage Western Governments to renew their economic policies. She has instead tightened the shackles of neoclassical economics, in the morning Chronicles as in textbooks.
The contre-manuel of the diplomatic world intends to reverse this logic. His ambition? Make it accessible to the larger economy and highlight the nature policy. In short, remember that, as the public thing, the economy is everyone’s business. And allow everyone to seize through four objectives:
- provide a historical and international lighting often forgotten;
- introduce the analysis of schools of thought marginalized in universities and private access to the media;
- debunk conventional wisdom that install the fatalism in the minds;
- clear the horizon by recalling that other avenues open to us.
Renaud Lambert and Hélène Richard are members of the editorial staff of the diplomatic world they both coordinated the realization of the critical economy manual.
The diplomatic world is tackling misconceptions about free trade, finance, the sharing of wealth, etc.
Mechanisms within the reach of all
From the economy first and senior programs
Inscrutable equations, enigmatic curves, nebulous reasoning… The dominant economy invites to a double renunciation: in front of the technical difficulties of a universe that is reserved for the experts, on the one hand; front of the immutable scientific “laws”, on the other. The contre-manuel of the ‘diplomatic world’ intends to reverse this logic. His ambition? Make it accessible to the larger economy and highlight the nature policy. In short, remember that, as the public thing, the economy is everyone’s business. And allow everyone to seize.
There is urgency: by signing the failure of liberal theories, the financial meltdown of 2008 could encourage Western Governments to renew their economic policies. She has instead tightened the shackles of neoclassical economics, in the morning Chronicles as in textbooks.
We have therefore gathered some of the specialists of the most lucid economy – researchers, teachers of University and high school students, journalists – around first and senior programs to offer ‘our’ treatment. Around four objectives: contribute a historical and international perspective often forgotten programs; introduce the analysis of schools of thought marginalized in universities and private access to the media; debunk conventional wisdom that install the fatalism in the minds; clear the horizon by recalling that other avenues open to us.
Away from the dogmas, our manual invites to put the economy at the service of society.
Read “the economy as never explained you it” by Renaud Lambert and Hélène Richard in ‘Le Monde diplomatic’ September 2016
Contributed to this manual:
Samir Amin, Guillaume Barou, Aurélien Bernier, Sophie Bedford, John Bertrand, Robert Boyer, Benoit Bréville, Martine Boston, Mona Chollet, Laurent Shoemaker, François Denord, Xavier Devetter, Cedric Durand, Frédéric Farah, Cyrille Freeman, Jean Gadrey, Paul Guillibert, Serge Halimi, Michel Husson, Sabina Issehnane, Raoul Marc Jennar, Renaud Lambert, Serge Latouche, Frédéric Lebaron, Sylvain Leder, Frédéric Lemaire, Frédéric Lordon, Jean-Marie Monnier, Caroline Oudin-Bastide, Juan Miguel Pérez , Evelyne Pieiller, Michel clip and Monique Pinçon-Charlot, Dominique Plihon, Laura Raim, Christophe Ramaux, Gilles Raveaud, Mathias Reymond, Hélène Richard, Pierre Rimbert, François Ruffin, Pierre Salama, Emilie Sauguet, Alexis Spire, Philippe Steiner, Tinel Bruno, Julie Valentin, Julien Vercueil, Ibrahim Warde, Arnaud Zacharie, Daniel Zamora.
Especially in the summary:
- Public debt, does cost?
- Schools of economic thought
- How the credit card was invented
- Flexible working, the impasse
- Where free trade agreements?
- What does a financial crisis?
- With the onslaught of the state charity
- These wars at the service of trade
- Basic income, a utopia?
Available on newsstands September 8, 2016
-Format: 21 cm X 28.5 cm
-Number of pages: 196
-Delivery within 3 weeks
List of chapters:
I. a science like the others?
II. Produce more, always more!
III. The bridge and the hold
IV. Sharing the wealth: hopes and dead ends
V. employment, at what price?
VI. The market or the construction of a no-brainer
VII. Globalization: the competition of peoples
VIII. Currency, an Enigma ringing and stumbling
IX. Debt: the blackmail
X. Finance: the unsustainable promise
Robert Boyer : parcours d’un économiste atypique, Entretien, L’économie Politique, n° 64, Octobre 2014, p. 36-47.