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Social Protection, Capitalist Production - The Bismarckian Welfare State in the German Political Economy, 1880-2015 (Hardcover)
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Social Protection, Capitalist Production - The Bismarckian Welfare State in the German Political Economy, 1880-2015 (Hardcover)
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Social Protection, Capitalist Production provides a thorough
analysis of the genealogy and the functional logic of German
capitalism over the last 130 years. It addresses several puzzles of
the existing literature, in particular how economic coordination
proved possible and remained stable in a (big) country without
prominent traits of neo-corporatism, without long government
participation of social democratic parties, without centralized
wage bargaining, without active economic steering by the
government, under a 'monetarist' regime, and under an allegedly
liberal, namely 'ordoliberal' economic policy. The central claim of
the book is that the functional equivalent was a
'conservative-continental' welfare state which provided labour and
capital with the organizational resources and the infrastructure to
establish and maintain long-term economic coordination. A better
understanding of the German case, which can be seen as prototypical
for other continental political economies as well, thus provides us
also with a much better understanding of the different variants of
coordinated market economies in Northern, Continental, and Southern
Europe, i.e. it provides us with a more profound Comparative
Political Economy-framework. This has important implications for
contemporary debates on Germany's role within international trade,
and especially on her role within Europe and especially within the
Euro-zone and its crisis. Much of the current debate, so the book
claims, is based on an incomplete account of the functional logic
of Modell Deutschland.
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