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Varietals of Capitalism - A Political Economy of the Changing Wine Industry (Hardcover)
Loot Price: R1,158
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Varietals of Capitalism - A Political Economy of the Changing Wine Industry (Hardcover)
Series: Cornell Studies in Political Economy
Expected to ship within 12 - 17 working days
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Varietals of Capitalism shows that politics is an omnipresent part
of the economics of wine and of economic activity in general. Based
on a four-year research project encompassing fieldwork in France,
Spain, Italy, and Romania, Xabier Itçaina, Antoine Roger, and Andy
Smith examine the causes and effects of a radical reform adopted at
the EU level in 2008. Regulatory change politically transformed the
rationale of EU support to the wine industry, from shaping the
supply side to encouraging producers to adapt to the demands of a
supposedly "new consumer."To explain the adoption and impact of the
reform, the authors develop an analytical framework to capture the
actors—their perceptions, preferences, and
interdependencies—within an industry crisscrossed by institutions
located at the global, European, national, and local scales. This
framework combines concepts and lessons from historical
institutionalism and regulationist economics, Bourdieu's field
theory, and the sociology of public policymaking. The authors
reject accounts that attribute policy change simply to material
determinants and "the invisible hand of the market." They emphasize
the crucial importance of institutions within sectors of the
economy, and propose ways to bolster constructivist approaches to
political economy by linking industrial change to scientific and
bureaucratic balances of power. This book’s novel focus on
different levels of institutional impact should prove influential
in the study of the politics of industry, and more broadly within
the comparative analysis of capitalism.
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