Contested Capitalism : The political origins of financial institutions book cover
1st Edition

Contested Capitalism
The political origins of financial institutions

ISBN 9780415503518
Published December 2, 2011 by Routledge
208 Pages 4 B/W Illustrations

USD $62.95

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Book Description

This book examines the political origins of financial institutions across fifteen developed democracies, with focused case studies on the US, France, Japan, Austria, and Germany.

The institutional arrangements of financial systems are widely seen as a central distinguishing feature of ‘varieties of capitalism’. Through a wide-range of case studies, this book contends that political battles between landed interests, labor, and owners of capital have fundamentally shaped modern financial arrangements. Demonstrating how these conflicts have shaped contemporary financial architecture in a number of different contexts, author Richard W. Carney offers an innovative approach to explaining the distinctive capitalist arrangements of nation-states. By demonstrating the importance of landed interests to nations’ institutional configurations, the book has clear implications for developing countries such as India and China.

Providing a detailed account of the development of financial institutions, this book will be of interest to students and scholars of political science, sociology, business, finance, and law. It will also offer insights valuable to government policymakers, analysts at international organizations, and the business community.

Table of Contents

Part 1: Questions and Explanations  1. Introduction  2. Theory  Part 2: Broad Patterns  3. Patterns during the Twentieth Century  Part 3: Cases  4. Class Conflict  5. Social Contract  6. Urban vs. Rural Cleavages  7. Property vs. Voice  Part 4: Conclusions  8. Key Lessons

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Richard W. Carney is Assistant Professor at the S. Rajaratnam School of International Studies at Nanyang Technological University, Singapore.