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The Rise of Neoliberalism and Institutional Analysis

Опубликовано на портале: 30-08-2005
Princeton: Princeton University Press, 2001

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. In doing so, it makes tremendous methodological strides while substantively enlarging our knowledge about neoliberalism.

The book comprises original empirical studies by top 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. Beyond these important empirical contributions, this book is a methodological milestone in that it compares different schools of institutionalist analysis by seeing how they tackle a common problem. It reveals a second movement within institutionalism--one toward rapprochement and cross-fertilization among paradigms--and explains how this might be furthered with benefits throughout the social sciences.

List of Tables vii
List of Figures ix
Preface xi
List of Contributors xiii
1. The Rise of Neoliberalism and Institutional Analysis by John L. Campbell and Ove K. Pedersen 1
2. Explaining the Rise of Neoliberalism: The Mechanisms of Institutional Change by Jack Knight 27
3. Have We Overestimated the Effects of Neoliberalism and Globalization? Some Speculations on the Anomalous Stability of Taxes on Business by Edgar Kiser and Aaron Matthew Laing 51
4. Institutions, Investment, and the Rise in Unemployment by Bruce Western 71
5. Institutionalizing Markets, or the Market for Institutions? Central Banks, Bankruptcy Law, and the Globalization of Financial Markets by Bruce G. Carruthers, Sarah L. Babb, and Terence C. Halliday 94
6. Theorizing Legitimacy or Legitimating Theory? Neoliberal Discourse and HMO Policy, 1970-1989 by David Strang and Ellen M. Bradburn 129
7. Institutional Analysis and the Role of Ideas in Political Economy by John L. Campbell 159
8. The "Crisis" of Keynesianism and the Rise of Neoliberalism in Britain: An Ideational Institutionalist Approach by Colin Hay 193
9. Translating Liberalization: Neoliberalism in the Danish Negotiated Economy by Peter Kjcer and Ove K. Pedersen 219
10. The Second Movement in Institutional Analysis by John L. Campbell and Ove K.
Pedersen 249
Index 283
Ключевые слова

См. также:
Olivier Jean Blanchard
American Economic Review. 1989.  Vol. 79. No. 5. P. 1146-1164. 
G. Andrew Karolyi, Rene M. Stulz
Carmen M. Reinhart, Vincent R. Reinhart
Steven G. Medema, Nicholas Mercuro, Warren J. Samuels
Encyclopedia of Law and Economics. 1999.