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Growth and Welfare in Advanced Capitalist Economies – How Have Growth Regimes Evolved? - Oxford Scholarship Online
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Growth and Welfare in Advanced Capitalist Economies: How Have Growth Regimes Evolved?

Anke Hassel and Bruno Palier

Abstract

This chapter charts the shape and movement of the growth strategies of the developed democracies since 1945 across three periods: an era of modernization, one of liberalization, and an era of knowledge-based growth, with an emphasis on the relationship between developments in the political economy and changes in the character of electoral politics. It argues that economic policy-making always entails assembling coalitions for policy in both the arenas of electoral politics and of producer group politics. Accordingly, economic policy responds, not only to secular economic developments, but also ... More

Keywords: growth strategies, economic gestalt, electoral cleavages, Keynesianism, liberalization, knowledge economy

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9780198866176
Published to Oxford Scholarship Online: January 2021 DOI:10.1093/oso/9780198866176.001.0001

Authors

Affiliations are at time of print publication.

Anke Hassel, editor
Professor of Public Policy, Hertie School Berlin

Bruno Palier, editor
CNRS Research Director, Sciences Po, Centre d'études européennes et de politique comparée

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