The Futures of European Capitalism [Paperback]

In this path-breaking book, the author argues that European countries' political-economic policies, practices, and discourses have changed profoundly in response to globalization and Europeanization, but they have not converged. Although national policies may now be more similar, especially where they follow from common European policies, they are not the same. National practices, although moving in the same general direction toward greater market orientation, continue to be differentiable into not just one or even two but three varieties of capitalism. And national discourses that generate and legitimate changes in policies and practices not only remain distinct, they matter. The book is a tour de force which combines sophisticated theoretical insights and innovative methods to show that European countries generally, but in particular Britain, France, and Germany , have had very different experiences of economic adjustment, and will continue to do so into the future.

Introduction: European Pathways to the Adjustment
Part I: The Policies of Economic Adjustment
The Challenges of Globalization and Europeanization: The Impact on National Autonomy and Control
The Economic Dynamics and Institutional Mechanics of Policy Adjustment in Britain, Germany, and France
Part II: The Practices of Economic Adjustment
Still Three Models of Capitalism? The Impact of Changing Policies and Growing Pressures on Economic Practices
The Dynamics of Adjustment in Economic Practices in Britain, Germany, and France
Part III: The Politics of Economic Adjustment
Discourse as Framework for Analysis: Policy Construction and Legitimation for Changing Policies and Practices
The Role of Discourse in the Political Dynamics of Adjustment in Britain, France, and Germany
Conclusion: The Futures of European Capitalism