06 Pontusson Inequality and Prosperity (Jan 14)

06 Pontusson Inequality and Prosperity (Jan 14) -...

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PONTUSSON: INEQUALITY AND PROSPERITY --Are political-economic systems that provide both efficient growth and equality still viable? --Dependent variables : eco performance = growth, employment/labor force participation, distribution of income --Independent variables : Type of capitalism (LME, CSME, SME) and associated policy choices of gov’t -- Dimensions of differences --denseness of organized business communities --union density and concentration; degree of centralization in wage determination --level and extent of social service provision (“welfare state”) --degree of commitment to full employmt 1
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3 “varieties” of capitalism 1) liberal market economy --fragmented business community; --no “peak” associations of business or labor able to commit member firms/unions to agreements with govt or labor; --collective bargaining decentralized; labor union jurisdiction narrow; --relatively small proportion of work force unionized; no “peak” associations on labor side; price of labor reflects supply and
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This note was uploaded on 04/18/2011 for the course POLI 126AA taught by Professor Ellencomisso during the Spring '11 term at UCSD.

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06 Pontusson Inequality and Prosperity (Jan 14) -...

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