Cambridge Catalog  
  • Your account
  • View basket
  • Help
Home > Catalog > Contested Economic Institutions
Contested Economic Institutions
Google Book Search

Search this book



  • 22 b/w illus. 19 tables
  • Page extent: 242 pages
  • Size: 228 x 152 mm
  • Weight: 0.36 kg

Library of Congress

  • Dewey number: 331.89
  • Dewey version: 21
  • LC Classification: HD6971.5 .I93 1999
  • LC Subject headings:
    • Collective bargaining
    • Monetary policy
    • Democracy
    • Macroeconomics

Library of Congress Record

Add to basket


 (ISBN-13: 9780521645324 | ISBN-10: 0521645328)

  • Also available in Hardback
  • Published August 1999

Manufactured on demand: supplied direct from the printer

$31.99 (P)

This book helps explain one of the most intriguing and politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others. Contrary to new classical economics the focus is on explaining distribution and equilibrium unemployment, and contrary to neo-corporatist theory the role of monetary policy and rational expectation is integral to the analysis. The book makes two central arguments. The first is that monetary policies affect equilibrium employment whenever wages are set above the firm level. The second argument focuses on the distributive effects of different institutions, and models institutional design as a strategic game between partisan governments and cross-class alliances of unions and employers.


1. Introduction; Part I. The Real Effects of Monetary Policies: 2. An institutional model of economic performance; 3. Economic institutions and performance: quantitative evidence; Part II. The Politics of Institutional Design: 4. A theory of contested institutions; 5. From Keynesian centralization to Monetarist decentralization: five Northern European experiences; 6. Conclusion: the fork in the road for social democracy.


"...provocative, interesting, and well written." Review of Radical Political Economics

"Explores how macroecenomic policies and economic institutions jointly determine economic performance and distribution." Journal of Economic Literature

printer iconPrinter friendly version AddThis