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Die politische Konstitution von Märkten pp 38–72Cite as

Still Three Models of Capitalism? The Dynamics of Economic Adjustment in Britain, Germany, and France

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Abstract

Since the 1980s, globalization and European integration have been potent forces for change in European member-states’ macroeconomic, microeconomic, and even socioeconomic policies, promoting monetary convergence and austerity, pushing market liberalization and deregulation, and pressing for the downsizing of governments and their welfare state functions. With these changes in policies, moreover, has come a reconfiguration of European countries’ traditional models of capitalism — market capitalism, managed capitalism, and state capitalism — along three dimensions: in the structure of business relations, of government relations with business and labor and of relations between management and labor.

Paper presented at the Wissenschaftszentrum, Berlin (Nov. 18, 1998) and at the London School of Economics (Nov. 19, 1998). I would like to thank Fritz W. Scharpf, Wolfgang Streeck, Bob Hancké, Susanne Lütz, Mark Thatcher, and Linda Weiss for their comments.

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Authors
  1. Vivien A. Schmidt
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Editors and Affiliations

  1. Institut für Politikwissenschaft, FernUniversität Hagen, Deutschland

    Roland Czada (Professor für Politikfeldanalyse und Verwaltungswissenschaft) (Professor für Politikfeldanalyse und Verwaltungswissenschaft)

  2. Max-Planck-Institut für Gesellschaftsforschung Köln, Deutschland

    Susanne Lütz (wiss. Mitarbeiterin) (wiss. Mitarbeiterin)

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Schmidt, V.A. (2000). Still Three Models of Capitalism? The Dynamics of Economic Adjustment in Britain, Germany, and France. In: Czada, R., Lütz, S. (eds) Die politische Konstitution von Märkten. VS Verlag für Sozialwissenschaften, Wiesbaden. https://doi.org/10.1007/978-3-322-89589-9_2

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  • DOI: https://doi.org/10.1007/978-3-322-89589-9_2

  • Publisher Name: VS Verlag für Sozialwissenschaften, Wiesbaden

  • Print ISBN: 978-3-531-13415-4

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