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Institutional Change in Advanced Political Economies
Author(s) -
Thelen Kathleen
Publication year - 2009
Publication title -
british journal of industrial relations
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.665
H-Index - 70
eISSN - 1467-8543
pISSN - 0007-1080
DOI - 10.1111/j.1467-8543.2009.00746.x
Subject(s) - solidarity , politics , meaning (existential) , economic system , social solidarity , institutional change , economics , institutional economics , solidarity economy , economic reform , political economy , political science , positive economics , sociology , neoclassical economics , social science , epistemology , public administration , law , philosophy
The political‐economic institutions that have traditionally reconciled economic efficiency with social solidarity in the advanced industrial countries, and specifically in the so‐called ‘coordinated market economies’, are indisputably under pressure today. However, scholars disagree on the trajectory and significance of the institutional changes we can observe in many of these countries, and they generally lack the conceptual tools that would be necessary to resolve these disagreements. This article attempts to break through this theoretical impasse by providing a framework for determining the direction, identifying the mode, and assessing the meaning of the changes we can observe in levels of both economic coordination and social solidarity.