From unemployment to Brexit to climate change, capitalism is in trouble and ill-prepared to cope with the challenges of the coming decades. How did we get here? While contemporary economists and policymakers tend to ignore the political and social dimensions of capitalism, some of the great economists of the past - Adam Smith, Friedrich List, John Maynard Keynes, Joseph Schumpeter, Karl Polanyi and Albert Hirschman - did not make the same mistake. Leveraging their insights, sociologists John L. Campbell and John A. Hall trace the historical development of capitalism as a social, political, and economic system throughout the twentieth and early twenty-first centuries. They draw comparisons across eras and around the globe to show that there is no inevitable logic of capitalism. Rather, capitalism's performance depends on the strength of nation-states, the social cohesion of capitalist societies, and the stability of the international system - three things that are in short supply today.

Without nation-states Covid-19, climate change, international cyberattacks, and other threats would go unchecked. In The World of States, John L. Campbell and John A. Hall challenge the view that nation-states have lost their relevance in the context of globalization and rising nationalism. The book traces how states evolved historically, how contemporary states differ from one another, and the interactions between them. States today confront a host of challenges, but two features make some states more effective than others: institutional arrangement and national identity. The second edition has been updated to discuss why the BRICS countries (with the exception of China) are no longer the rising powers they were once thought to be; the effects of Brexit on the European Union; the legacy of the Trump administration for US politics and hegemony; and how the coronavirus may upset the world of states going forward.

Without nation-states Covid-19, climate change, international cyberattacks, and other threats would go unchecked. In The World of States, John L. Campbell and John A. Hall challenge the view that nation-states have lost their relevance in the context of globalization and rising nationalism. The book traces how states evolved historically, how contemporary states differ from one another, and the interactions between them. States today confront a host of challenges, but two features make some states more effective than others: institutional arrangement and national identity. The second edition has been updated to discuss why the BRICS countries (with the exception of China) are no longer the rising powers they were once thought to be; the effects of Brexit on the European Union; the legacy of the Trump administration for US politics and hegemony; and how the coronavirus may upset the world of states going forward.

Why are small and culturally homogeneous nation-states in the advanced capitalist world so prosperous? Examining how Denmark, Ireland, and Switzerland managed the 2008 financial crisis, The Paradox of Vulnerability shows that this is not an accident. John Campbell and John Hall argue that a prolonged sense of vulnerability within both the state and the nation encourages the development of institutions that enable decision makers to act together quickly in order to survive, especially during a crisis. Blending insights from studies of comparative political economy and nationalism and drawing on both extensive interviews and secondary data, Campbell and Hall support their claim by focusing on the three states historically and, more important, in their different responses to the 2008 crisis. The authors also devote attention to the difficulties faced by Greece and Iceland. The implications of their argument are profound. First, they show that there is a positive side to nationalism: social solidarity can enhance national prosperity. Second, because globalization now requires all states to become more adaptable, there are lessons here for other states, large and small. Lastly, the formula for prosperity presented here is under threat: highly homogeneous societies face challenges in dealing with immigration, with some responding in ways that threaten their success. The Paradox of Vulnerability demonstrates how the size and culture of a nation contribute in significant ways to its ability to handle political and economic pressures and challenges.

In this book, nine scholars representing various perspectives examine institutions that govern economic activity in the United States and the dramatic changes they have undergone since the late nineteenth century. They investigate how and why these changes occurred and continue to occur as markets become more volatile, technology changes and international competition becomes more intense. They also address general questions about the governance of capitalist economies by considering several governance mechanisms such as markets, bureaucratic hierarchies, associations and informal networks and by exploring how such mechanisms emerge to coordinate economic activity and affect economic performance. The first part of the book describes the important characteristics of these organisational forms and provides an overview of institutional development in the US economy. The second part includes case studies of the institutional development of eight economic sectors. Finally, based on data from these case studies, the third part of the book tests competing theories of institutional change in capitalism, develops a new evolutionary model of the change process, and offers an original analysis of how the state influences this process.

In this book, nine scholars representing various perspectives examine institutions that govern economic activity in the United States and the dramatic changes they have undergone since the late nineteenth century. They investigate how and why these changes occurred and continue to occur as markets become more volatile, technology changes and international competition becomes more intense. They also address general questions about the governance of capitalist economies by considering several governance mechanisms such as markets, bureaucratic hierarchies, associations and informal networks and by exploring how such mechanisms emerge to coordinate economic activity and affect economic performance. The first part of the book describes the important characteristics of these organisational forms and provides an overview of institutional development in the US economy. The second part includes case studies of the institutional development of eight economic sectors. Finally, based on data from these case studies, the third part of the book tests competing theories of institutional change in capitalism, develops a new evolutionary model of the change process, and offers an original analysis of how the state influences this process.

Much of the research on institutional change shows how systems shift slowly and incrementally. Yet, in the case of former President Donald Trump, change was rapid and radical. In Institutions Under Siege, leading political sociologist John L. Campbell offers new insights for understanding the legacy of the Trump presidency. The book examines Trump's attack on the 'deep state' through the lens of institutional change theory, and demonstrates how he capitalized on tipping points and distinct leadership tactics to inspire, make deals with, and threaten people to get what he wanted. The book also assesses where the damage caused by the Trump administration is most likely to endure and where long-lasting damage was prevented. Sharp and insightful, Institutions Under Siege contrasts existing social science literature to draw attention to the unique significance of tipping points and the characteristics of particular leaders.

In politics, ideas matter. They provide the foundation for economic policymaking, which in turn shapes what is possible in domestic and international politics. Yet until now, little attention has been paid to how these ideas are produced and disseminated, and how this process varies between countries. "The National Origins of Policy Ideas" provides the first comparative analysis of how "knowledge regimes"--communities of policy research organizations like think tanks, political party foundations, ad hoc commissions, and state research offices, and the institutions that govern them--generate ideas and communicate them to policymakers.

John Campbell and Ove Pedersen examine how knowledge regimes are organized, operate, and have changed over the last thirty years in the United States, France, Germany, and Denmark. They show how there are persistent national differences in how policy ideas are produced. Some countries do so in contentious, politically partisan ways, while others are cooperative and consensus oriented. They find that while knowledge regimes have adopted some common practices since the 1970s, tendencies toward convergence have been limited and outcomes have been heavily shaped by national contexts.

Drawing on extensive interviews with top officials at leading policy research organizations, this book demonstrates why knowledge regimes are as important to capitalism as the state and the firm, and sheds new light on debates about the effects of globalization, the rise of neoliberalism, and the orientation of comparative political economy in political science and sociology.

This book is about institutional change, how to recognize it, when it occurs, and the mechanisms that cause it to happen. It is the first book to identify problems with the "new institutional analysis," which has emerged as one of the dominant approaches to the study of organizations, economic and political sociology, comparative political economy, politics, and international relations.

The book confronts several important problems in institutional analysis, and offers conceptual, methodological, and theoretical tools for resolving them. It argues that the paradigms of institutional analysis--rational choice, organizational, and historical institutionalism--share a set of common analytic problems. Chief among them: failure to define clearly what institutional change is; failure to specify the mechanisms responsible for institutional change; and failure to explain adequately how "ideas" other than self-interests affect institutional change.

To demonstrate the utility of his tools for resolving the problems of institutional analysis, Campbell applies them to the phenomenon of globalization. In doing so, he not only corrects serious misunderstandings about globalization, but also develops a new theory of institutional change. This book advances the new institutional analysis by showing how the different paradigms can benefit from constructive dialogue and cross-fertilization.

Why are small and culturally homogeneous nation-states in the advanced capitalist world so prosperous? Examining how Denmark, Ireland, and Switzerland managed the 2008 financial crisis, The Paradox of Vulnerability shows that this is not an accident. John Campbell and John Hall argue that a prolonged sense of vulnerability within both the state and the nation encourages the development of institutions that enable decision makers to act together quickly in order to survive, especially during a crisis. Blending insights from studies of comparative political economy and nationalism and drawing on both extensive interviews and secondary data, Campbell and Hall support their claim by focusing on the three states historically and, more important, in their different responses to the 2008 crisis. The authors also devote attention to the difficulties faced by Greece and Iceland. The implications of their argument are profound. First, they show that there is a positive side to nationalism: social solidarity can enhance national prosperity. Second, because globalization now requires all states to become more adaptable, there are lessons here for other states, large and small. Lastly, the formula for prosperity presented here is under threat: highly homogeneous societies face challenges in dealing with immigration, with some responding in ways that threaten their success. The Paradox of Vulnerability demonstrates how the size and culture of a nation contribute in significant ways to its ability to handle political and economic pressures and challenges.

The last quarter century has been marked by the ascension of neoliberalism--market deregulation, state decentralization, and reduced political intervention in national economies. Not coincidentally, this period of dramatic institutional change has also seen the emergence of several schools of institutional analysis. Though these schools cut across disciplines, they have remained isolated from and critical of each other. This volume brings together four--rational choice, organizational, historical, and discursive institutionalism--to examine the rise of neoliberalism. In doing so, it makes tremendous methodological strides while substantively enlarging our knowledge about neoliberalism.

The book comprises original empirical studies by top scholars from each school of analysis. They examine neoliberalism's rise on three continents and explore changes in macroeconomic policy, labor markets, taxation, banking, and health care. Neoliberalism appears as much more complex, diverse, and contested than is often appreciated. The authors find that there is no convergence toward a common set of neoliberal institutions; that neoliberalism does not incapacitate states; and that neoliberal reform does not necessarily yield greater efficiency than other institutional arrangements. Beyond these important empirical contributions, this book is a methodological milestone in that it compares different schools of institutionalist analysis by seeing how they tackle a common problem. It reveals a second movement within institutionalism--one toward rapprochement and cross-fertilization among paradigms--and explains how this might be furthered with benefits throughout the social sciences.

In addition to the editors, the contributors are Sarah L. Babb, Ellen M. Bradburn, Bruce G. Carruthers, Terence C. Halliday, Colin Hay, Edgar Kiser, Peter Kjaer, Jack Knight, Aaron Matthew Laing, David Strang, and Bruce Western.

The survivors of the Omega Virus make a desperate effort to find the living. But the walking dead aren't done with them yet...
Helicopter pilot Vladimir Yurish is a man of his word. The last thing he wants is to abandon the safety of the U.S.S. "Nimitz "and his newly adopted son Ben. Still, a promise is a promise, no matter how close to death it brings him...
Angie West has fought hard to keep strangers alive, but now it's time to tend to her own. Only, when she finds her family missing and their hideout burned and looted, she realizes the threat to her family isn't just the undead--the living can do so much worse...
Halsey has done well for himself, given the circumstances. Between his secluded ranch and precise shooting, the plague hasn't touched him. Until a Black Hawk crashes on his property, bringing the war to his front door...
Amid the chaos of a destroyed civilization, the survivors encounter a new threat. And these new monsters can't be outrun--or outwitted...

Much of the research on institutional change shows how systems shift slowly and incrementally. Yet, in the case of former President Donald Trump, change was rapid and radical. In Institutions Under Siege, leading political sociologist John L. Campbell offers new insights for understanding the legacy of the Trump presidency. The book examines Trump's attack on the 'deep state' through the lens of institutional change theory, and demonstrates how he capitalized on tipping points and distinct leadership tactics to inspire, make deals with, and threaten people to get what he wanted. The book also assesses where the damage caused by the Trump administration is most likely to endure and where long-lasting damage was prevented. Sharp and insightful, Institutions Under Siege contrasts existing social science literature to draw attention to the unique significance of tipping points and the characteristics of particular leaders.

The 2016 presidential election was unlike any other in recent memory, and Donald Trump was an entirely different kind of candidate than voters were used to seeing. He was the first true outsider to win the White House in over a century and the wealthiest populist in American history. Democrats and Republicans alike were left scratching their heads-how did this happen? In American Discontent, John L. Campbell contextualizes Donald Trump's ascendance to the presidency by focusing on the long-developing economic, racial, ideological, and political shifts that enabled Trump to win the White House. Campbell argues that Trump's rise to power was the culmination of a half-century of deep, slow-moving change in America, beginning with the decline of the Golden Age of prosperity that followed the Second World War. The worsening economics anxieties of many Americans reached a tipping point when the 2008 financial crisis and Barack Obama's election, as the first African American president, finally precipitated the worst political gridlock in generations. Campbell emphasizes the deep structural and historical factors that enabled Trump's rise to power. Since the 1970s and particularly since the mid-1990s, conflicts over how to restore American economic prosperity, how to cope with immigration and racial issues, and the failings of neoliberalism have been gradually dividing liberals from conservatives, whites from minorities, and Republicans from Democrats. Because of the general ideological polarization of politics, voters were increasingly inclined to believe alternative facts and fake news. Grounded in the underlying economic and political changes in America that stretch back decades, American Discontent provides a short, accessible, and nonpartisan explanation to Trump's rise to power.