07 Explaining Varieties of Capitalism (Jan 19)

07 Explaining Varieties of Capitalism (Jan 19) - VARIETIES...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
VARIETIES OF CAPITALISM: EXPLAINING THE DIFFERENCES The question: note variations Why government is larger (i.e., consumes more national income) in some countries than in others Why income distribution is more/less egalitarian in different countries Why welfare state is more/less extensive in different countries Why some countries have liberal market economies, others coordinated and/or social market economies
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The Theories/Explanations (Unit II) 1.Sociological theories Ethnic homogeneity/heterogeneity (Alesina) 2. Politico-institutional theories (Rogowski/ Kayser, Cusack/Iversen/Soskice) PR v. SMD: PR systems favor center- left and redistribution, SMD ctr-right Logic : Have low, middle, high income voters in all polities. In majoritarian (SMD) system: 2 parties, left and right. Middle income groups fear gov’t dominated by Left will take from them to benefit low income groups, so better off, safer with Right. In multiparty (PR) system, gov’t a multiparty coalition. Left will redistribute
Background image of page 2
from high income groups, less inclined to take from middle (since subject to coalition partner preferences)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

07 Explaining Varieties of Capitalism (Jan 19) - VARIETIES...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online