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Coping with the Economic Crisis
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Coping with the Economic Crisis
Alternative Responses to Economic Recession in Advanced Industrial Societies

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November 1987 | 240 pages | SAGE Publications Ltd
Why are advanced capitalist democracies continuing to suffer through economic crisis? Why do they continue to demonstrate decreasing rates of economic growth, increasing inflation and unemployment, and slower rates of technological innovation and investment? The distinguished authors of these articles first analyze the magnitude, causes and consequences of this crisis, and then examine the governmental response to crisis in these different industrial countries. This original collection begins with a critical analysis of the current answers to these questions. It goes on to analyze the relationship between government policy and economic reality, arguing that the weak relationship between the two, as well as the failure of economic strategies in general, is a major cause of the economic crisis. The contributors examine governmental responses to the crisis, including the economic environment of these countries, their integration into the world economy, and the political and ideological aspects of their policies. This tightly focused work contains explicit cross-national comparisons between the capitalist democracies, and gives us important new insights into the functioning of advanced industrial democracies. This work will be essential reading for scholars and students interested in comparative politics and political economy. "Apart from its comparative focus, the main strength of the book is that the authors highlight many of the problems of the policy-making process often ignored by economists. . . an important set of research papers on comparative political economy and suggests many directions for future research." --Political Studies
 
PART ONE: INTRODUCTION
Heikki Paloheimo
Explanations of the Economic Crisis and Divergent Policy Responses
An Overview

 
 
PART TWO: POLICY PROCESS, INSTITUTIONAL STRUCTURES AND STRATEGIES
Roland Czada
The Impact of Interest Politics on Flexible Adjustment Policies
Franz Lehner
Interest Intermediation, Institutional Structures and Public Policy
Gosta Esping-Andersen
Institutional Accommodation to Full Employment
A Comparison of Policy Regimes

 
Klaus Armingeon
The Compatibility of Economic, Social and Political Goals in Incomes Policies
A Comparative Analysis of Incomes Policy Developments in Ten West European Countries in the 1970s

 
 
PART THREE: POLICY STRATEGIES, IMPLEMENTATION AND OUTCOMES
Hans Keman and Tibert van Dijk
Political Strategies To Overcome the Crisis
Policy Formation and Economic Performance in Seventeen Capitalist Democracies

 
Jan Otto Andersson
The Economic Policy Strategies of the Nordic Countries
Paul F Whiteley
The Monetarist Experiments in the United States and United Kingdom
Policy Responses to Stagflation

 
Hans Keman and Paul F Whiteley
Coping with Crisis
Divergent Strategies and Outcomes

 

`This book is an important set of research papers on comparative political economy and suggests many directions for future research.' -- Political Studies, Vol 37 No 1, 1989

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Hans Keman

As I had set out in my application my activities would be twofold: one, participating in and sharing the burden of the work-in-progress of the research activities of the theme group; secondly, I aimed at developing a fresh approach to 'political institutionalism', by elaborating 'rational choice' as a fundamental part of this, both theoretically and empirically.This has resulted in an edited book (with two chapters by me), another chapter in a book, and two articles published in international journals. In addition I presented my ideas in a lecture at NIAS on 21 March 1996 and shall present a paper in which the rational institutionalist... More About Author

Heikki Paloheimo

Paul F Whiteley

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