This book offers an analysis of European capitalist welfare societies, centering on the questions of sustainability and the financing of social rights. Capitalism is defined as a multi-model economy, comprising of a market economy (including production, distribution and exchange), a state welfare economy (based on compulsory transfers, such as taxes and social contributions), a household economy and a voluntary economy. The resources for the welfare economy are produced by some activities of the life course, and used by other activities, once rights over these resources are acquired. Setting out a new conceptual framework that integrates an adapted version of the theory of instituted economic processes with the changing structuration of the life course in European countries, the book argues that European capitalist welfare societies are not sustainable in their present form and that the future financing of social rights is conditional on substantial transformations. The book also analyzes relevant data on the socio-economic positioning of women and migrants.

Few discussions in modern social science have occupied as much attention as the changing nature of welfare states in western societies. Gosta Esping-Andersen, one of the most distinguished contributors to current debates on this issue, here provides a new analysis of the character and role of welfare states in the functioning of contemporary advanced western societies. Esping-Andersen distinguishes several major types of welfare state, connecting these with variations in the historical development of different western countries. Current economic processes, the author argues, such as those moving towards a post-industrial order, are not shaped by autonomous market forces but by the nature of states and state differences. Fully informed by comparative materials, this book will have great appeal to everyone working on issues of economic development and post-industrialism. Its audience will include students and academics in sociology, economics and politics.

Democracy, Capitalism, and the Welfare State investigates political thought under the conditions of the postwar welfare state, focusing on the Federal Republic of Germany (1949-1989). The volume argues that the welfare state informed and altered basic questions of democracy and its relationship to capitalism. These questions were especially important for West Germany, given its recent experience with the collapse of capitalism, the disintegration of democracy, and National Socialist dictatorship after 1930. Three central issues emerged. First, the development of a nearly all-embracing set of social services and payments recast the problem of how social groups and interests related to the state, as state agencies and affected groups generated their own clientele, their own advocacy groups, and their own expert information. Second, the welfare state blurred the line between state and society that is constitutive of basic rights and the classic world of liberal freedom; rights became claims on the state, and social groups became integral parts of state administration. Third, the welfare state potentially reshaped the individual citizen, who became wrapped up with mandatory social insurance systems, provisioning of money and services related to social needs, and the regulation of everyday life. Peter C. Caldwell describes how West German experts sought to make sense of this vast array of state programs, expenditures, and bureaucracies aimed at solving social problems. Coming from backgrounds in politics, economics, law, social policy, sociology, and philosophy, they sought to conceptualize their state, which was now social (one German word for the welfare state is indeed Sozialstaat), and their society, which was permeated by state policies.

ïThis book is a must for anyone interested in the concept of social capital.Í _ Martin Seeleib-Kaiser, University of Oxford, UK ïThe quantitative survey of social capital at the regional level is an original contribution that opens a fresh geographic perspective on the literature in this field. Moving beyond the statistical representation of regional patterns the authorÍs use of case studies illuminates how local culture and historical contexts influence the manifestations of social capital. This volume breaks new ground challenging conventional analysis to advance our understanding of social capital.Í _ Neil Gilbert, University of California, Berkeley, US ïSocial Capital in Europe dismantles Robert PutnamÍs theoretical model by critically discussing the most prominent international literature in the field and by analyzing a large bulk of empirical and historical evidence. According to Putnam, the lack of social capital in the South of Italy dates back to medieval history. His ñhistorical determinismî, that seems to erase every influence of contemporary social phenomena, is largely contradicted by Ferragina.Í _ Piero Bevilacqua, University of Rome, Italy ïThe concept of social capital has enjoyed increasing vogue among social scientists. Historians have been mobilized to support the importance of this concept in various ways, and in turn they have increasingly relied on it. The historian will find in this book both a definitive guide to the theoretical debate behind this controversial concept and an impressive demonstration of how it can be used to produce comparative historical analysis.Í _ Agostino Inguscio, Yale University, US The book investigates the determinants of social capital across 85 European regions capturing the renewed interest among social capital theorists for the importance of active secondary groups in supporting the correct functioning of society and its democratic institutions. Robert Putnam merged quantitative and historical analyses, suggesting that the lack of social capital in the south of Italy was mainly due to a peculiar historical development rather than being the product of a mix of structural socio-economic factors, a conclusion that has been the subject of fierce criticism and debate. Emanuele Ferragina analyses the influence of income inequality, economic development, labour market participation and national divergence. By complementing these socio-economic explanations with a comparative historic-institutional analysis between two deviant cases (Wallonia and the south of Italy) and two regular cases (Flanders and the north east of Italy), the findings suggest that income inequality, labour market participation and national divergence are important factors in explaining the lack of social capital. Furthermore, the traditional historical determinism is refuted with the formulation of the sleeping social capital theory. Sociologists, political scientists, economic historians and scholars interested in comparative methods and European politics and policy will find this informative book invaluable.

With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004.Bohle and Greskovits show that the postsocialist states have established three basic variants of capitalist political economy: neoliberal, embedded neoliberal, and neocorporatist. The Baltic states followed a neoliberal prescription: low controls on capital, open markets, reduced provisions for social welfare. The larger states of central and eastern Europe (Poland, Hungary, and the Czech and Slovak republics) have used foreign investment to stimulate export industries but retained social welfare regimes and substantial government power to enforce industrial policy. Slovenia has proved to be an outlier, successfully mixing competitive industries and neocorporatist social inclusion. Bohle and Greskovits also describe the political contention over such arrangements in Romania, Bulgaria, and Croatia. A highly original and theoretically sophisticated typology of capitalism in postsocialist Europe, this book is unique in the breadth and depth of its conceptually coherent and empirically rich comparative analysis.

This book traces how individuals fare over time in each of the three principal types of welfare state.

This book challenges the popular thesis of a downward trend in the viability of welfare states in competitive market economies. With approaches ranging from historical case studies to cross-national analyses, the contributors explore various aspects of the relationships between welfare states, industrial relations, financial government and production systems. Building upon and combining comparative studies of both the varieties of capitalism and the worlds of welfare state regimes, the book considers issues such as: *the role of employers and unions in social policy *the interdependencies between financial markets and pension systems * the current welfare reform process. It sheds new light on the tenuous relationship between social policies and market economies and provides thought-provoking reading for students and scholars of Comparative Politics, Public Policy, the Welfare State and Political Economy.