TY  - BOOK
AU  - Iversen,Torben
AU  - Soskice,David
TI  - Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century 
SN  - 9780691182735
U1  - 321.8 23
PY  - 2019///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Democracy
KW  - Economic development
KW  - Political aspects
KW  - POLITICAL SCIENCE / Political ideologies / Democracy
KW  - bisacsh
KW  - Fordism
KW  - Fordist economy
KW  - advanced capitalism
KW  - advanced capitalist sectors
KW  - capitalism
KW  - capitalist democracies
KW  - capitalist democratic state
KW  - communications technology
KW  - deindustrialization
KW  - democracy
KW  - democratic institutions
KW  - economic transition
KW  - education
KW  - globalization
KW  - government support
KW  - inequality
KW  - information technology
KW  - innovation
KW  - knowledge economy
KW  - labor force
KW  - political coalitions
KW  - political opposition
KW  - populism
KW  - poverty
KW  - public investment
KW  - research
KW  - skilled labor
KW  - technological change
KW  - wealth accumulation
KW  - welfare state
KW  - workforce
N1  - Frontmatter --; CONTENTS --; TABLES AND FIGURES --; PREFACE --; ACKNOWLEDGMENTS --; 1. Introduction --; 2. Two Paths to Democracy --; 3. The Rise and Fall of Fordism --; 4. Knowledge Economies and Their Political Construction --; 5. The Politics of the Knowledge Economy and the Rise of Populism --; 6. Conclusion: The Future of Advanced Capitalist Democracies --; NOTES --; BIBLIOGRAPHY --; INDEX --; A NOTE ON THE TYPE; restricted access; Issued also in print
N2  - A groundbreaking new historical analysis of how global capitalism and advanced democracies mutually support each otherIt is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial.For all the chaos and upheaval over the past century-major wars, economic crises, massive social change, and technological revolutions-Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state.Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy
UR  - https://doi.org/10.1515/9780691188874?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9780691188874
UR  - https://www.degruyter.com/cover/covers/9780691188874.jpg
ER  -