The Rise of Neoliberalism and Institutional Analysis

Description

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. The book comprises original empirical studies by 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.

John L. Campbell is Professor and Chair of Sociology at Dartmouth, Adjunct Professor in the University of Copenhagen's Institute of Political Science, and author of Collapse of an Industry. Ove K. Pedersen is Professor of Comparative Politics in the University of Copenhagen's Institute of Political Science. The author of several books, he is coeditor, with John Campbell, of Legacies of Change.

"This book is exceptionally lucid and well integrated. The substantive chapters are both tight and rigorous. The conclusion is a cognitively high-powered and synoptic tour de force that gives the volume great unity. The book exemplifies one of its central methodological claims-that a second movement in institutional analysis, based on discussion, even cooperation between analytic approaches, is underway. It demonstrates firmly and by means of myriad interesting details that there is indeed a great deal of middle ground between different approaches. Such common sense is welcome-and theoretically important."-John Hall, McGill University "This is an original book in two ways. First, it brings together scholars who really have different theoretical orientations. Second, it has them consider the same empirical object. It is likely to be well received by all of the institutionalist communities."-Neil Fligstein, University of California, Berkeley