Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century

Description

A groundbreaking new historical analysis of how global capitalism and advanced democracies mutually support each other It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by

Torben Iversen is the Harold Hitchings Burbank Professor of Political Economy at Harvard University. His books include Women, Work, and Politics and Capitalism, Democracy, and Welfare. David Soskice is School Professor and Professor of Political Science and Economics at the London School of Economics. His books include Macroeconomics: Institutions, Instability, and the Financial System (with Wendy Carlin) and Varieties of Capitalism (edited with Peter A. Hall).

"One of the Financial Times' Summer Books of 2019: Economics" "Thought-provoking."---Martin Wolf, Financial Times "Many on the right argue that democracy subverts capitalism. Many on the left argue that capitalism undermines democracy. In this brilliant book, Iversen and Soskice argue compellingly that both views are wrong."---Martin Wolf, Financial Times, Summer Books of 2019 "Persuasively argue[d]."---Edwards Hadas, Reuters BreakingViews "Iversen & Soskice present a unique analysis of the relationship between capitalism and democracy. . . .[Democracy and Prosperity] offers a brilliant framework that will be greatly acknowledged as well as critiqued in the coming years."---M Karem Coban, Democratic Audit UK "Iversen and Soskice present a unique analysis of the relationship between capitalism and democracy . . . . [this] book offers a brilliant framework that will be greatly acknowledged as well as critiqued in the coming years."---M Kerem Coban, LSE Review of Books "The authors deliver an impressive series of empirical findings and theoretical arguments in favor of this unconventional and bold thesis at odds with an era in which illiberal democracies and populist movements prosper."---Robert Boyer, Journal of Economics