Contested Economic Institutions
The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies
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Contested Economic Institutions by Torben Iversen
Book DescriptionThis book helps explain one of the most intriguing and politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others. Contrary to new classical economics the focus is on explaining distribution and equilibrium unemployment, and contrary to neo-corporatist theory the role of monetary policy and rational expectation is integral to the analysis. The book makes two central arguments. The first is that monetary policies affect equilibrium employment whenever wages are set above the firm level. The second argument focuses on the distributive effects of different institutions, and models institutional design as a strategic game between partisan governments and cross-class alliances of unions and employers.
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Book DetailsISBN: 9780521642262
(228mm x 152mm x 22mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Aug-1999
Country of Publication: United Kingdom
Books By Author Torben Iversen
Women, Work, and Politics, Paperback (September 2011)
Looking at women's power in the home, in the workplace, and in politics from a political economy perspective, this title demonstrates that equality is tied to demand for women's labour outside the home, which is a function of structural, political, and institutional conditions.
Capitalism, Democracy, and Welfare, Paperback (July 2005)
This book, first published in 2005, offers a comprehensive political economy approach to the study of the welfare state and inequality.
Unions, Employers, and Central Banks, Hardback (April 2000)
Focuses on important political-economic changes in industrialized countries, namely unemployment and inequality.
Contested Economic Institutions, Paperback (August 1999)» View all books by Torben Iversen
This book helps explain one of the most politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others.
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