In recent decades, there has been many attempts to describe, explore, and explain the new ‘post-modern’ capitalism of the twenty-first century. In this context, this book looks at one of the most exciting strands of this research in the late twentieth century: the flexible specialisation research programme (FSRP). Drawing on the history of ideas, discourse, and literature on capitalism of the last four decades, this book shows that although ‘flexible specialisation’ anticipated some of the ways in which capitalism was being transformed in the late twentieth century, they underestimated and failed to anticipate the forms of ‘creative destruction’ and corporate digital control which were becoming embedded in the global capitalist accumulation dynamic itself. The sudden disappearance of the Soviet Union and the ‘end of history’ failed to open up the pathway for new forms of modern social democracy but gave rise instead to the new digital Behemoths. Today, the classical tendencies of capitalism as anticipated by Marx are all too present and, despite talk of ‘post-capitalism’ and ‘digital/techno-feudalism’, the landscape of monopolyfinance capital has consolidated itself. The book counterposes the FSRP with the various Marxist interpretations of the capitalist transition, together with the wider social and economic theories that emerged in the first decades for the twenty-first century around, for example, the ‘great acceleration’, de-growth, and post-growth. This book will be of interest to all readers concerned with heterodox political economy, critical social theory, intellectual history, and, above all, the prospects for social transformation leading to social justice and an ‘egalitarian enlightenment’.

Presenting a profound and far-reaching analysis of economic, ecological, social, cultural and political developments of contemporary capitalism, this book draws on the work of Karl Polanyi, and re-reads it for our times. The renowned authors offer key insights to current changes in the relations between the economy, politics and society, and their ecological and social effects. They explore the commodification of land, labour, money, care and knowledge, and analyse labour and social movements, right-wing populism and religious fundamentalism. Bringing together insights from different parts of the world and from historical, theoretical and empirical research, the book sheds light on important facets of the crisis-driven transformation of contemporary capitalism. Social and political science scholars will greatly benefit from this timely analysis of contemporary capitalism. Those researching economic history and the impact of Polanyi's work on the analysis of the modern society will also find this a useful read. Contributors include: R. Atzmüller, B. Aulenbacher, R. Bärnthaler, K. Becker, D. Bohle, U. Brand, M. Brie, A. Bugra, M. Cangiani, F. Décieux, C. Deutschmann, K. Dörre, K. Fischer, C. Görg, B. Greskovits, B. Jessop, E. Langthaler, M. Leiblfinger, M. Markantonatou, A. Novy, A. Palumbo, K. Polanyi-Levitt, V. Satgar, B. Sauer, A. Scott, B. Silver, B. Stadelmann, C. Thomasberger, H.-J. Urban, B. Weicht, M. Williams, M. Wissen

This book addresses from a socio-scientific standpoint the interaction of religions and forms of contemporary capitalism. Contributors explore a wide range of interactions between economic systems and their socio-cultural contexts.

A diverse, complex, and stable, yet volatile system, capitalism has undergone fundamental transformations over the past century. Entrepreneurial capitalism has become increasingly managerial and corporate in nature. No longer dominated by industrial production, capitalist economies are now geared toward supplying services and toward integrating the working class into capitalist society. Individual companies have given rise to complex relationships between state, economy, and multinational corporations. Focusing on the structural shifts in advanced political economies, this volume brings to light trends that occur "below" the surface of economic activity. The essays identify the basic patterns of those transformations and their implications -- social, political, and economic -- for contemporary and future capitalisms.

In the early 1980s, many observers, argued that powerful organized economic interests and social democratic parties created successful mixed economies promoting economic growth, full employment, and a modicum of social equality. The present book assembles scholars with formidable expertise in the study of advanced capitalist politics and political economy to reexamine this account from the vantage point of the second half of the 1990s. The authors find that the conventional wisdom no longer adequately reflects the political and economic realities. Advanced democracies have responded in path-dependent fashion to such novel challenges as technological change, intensifying international competition, new social conflict, and the erosion of established patterns of political mobilization. The book rejects, however, the currently widespread expectation that 'internationalization' makes all democracies converge on similar political and economic institutions and power relations. Diversity among capitalist democracies persists, though in a different fashion than in the 'Golden Age' of rapid economic growth after World War II.

Renowned political economist Samir Amin, engaged in a unique lifelong effort both to narrate and affect the human condition on a global scale, brings his analysis up to the present—the world of 2013. The key events of our times—financial crisis, the emerging nations, globalization, financialization, political Islam, Euro–zone implosion—are related in a coherent, historically based, account. Changes in contemporary capitalism require an updating of definitions and analysis of social classes, class struggles, political parties, social movements and the ideological forms in which they express their modes of action in the transformation of societies. Amin meets this challenge and lays bare the reality of monopoly capitalism in its general, global form. Ultimately, Amin demonstrates that this system is not viable and that the implosion in progress is unavoidable. Whether humanity will rise to the challenge of building a more humane global order free of the contradictions of capital, however, is yet to be seen.

This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century. China has historically been the center of Asian trade, economic, and financial networks, and its global influence continues to expand in the twenty-first century. In exploring the causes for and effects of China's re surging power, this volume takes a broad, long-term view that reaches well beyond economics for answers. Contributors explore the vast web of complex issues raised by China's ascendancy. The first three chapters discuss the global and historical origins of China's shift to a market economy and that transformation's impact on the international market system. Subsequent essays explore the ability of large Chinese manufacturers to counter the might of transnational retailers, the effect of China's rise on world income distribution and labor, and the consequences of a stronger China for its two most powerful neighbors, Russia and Japan. The concluding chapter questions whether China's growth is sustainable and if it will ultimately shift the center of global capitalism from the West to the East.

In this long-awaited book, Ursula Huws brings together the results of decades of prescient research on labour market transformation to provide an authoritative overview of the impacts of technological, economic, social and political change on working life in the 21st century. Placing current upheavals in global labour markets firmly in their historical context, she debunks myths about the impacts of artificial intelligence on labour, pointing to the processes whereby new employment is created, as well as old jobs destroyed, while never underestimating the contradictory impacts of digitalisation on work organisation, resistance, adaption and innovation. This book is underpinned by a clear conceptual framework, that analyses the dynamics of the restructuring of capitalism and labour, taking full account of unpaid social reproductive work, and integrating a feminist analysis whilst also pointing to new forms of commodification that will shape the future. Labour in Contemporary Capitalism will be an invaluable resource and point of reference for students and scholars studying the sociology of labour, economic structures, technology, and globalisation.

This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.

In the 1980s the performance of Japan’s economy was an international success story, and led many economists to suggest that the 1990s would be a Japanese decade. Today, however, the dominant view is that Japan is inescapably on a downward slope. Rather than focusing on the evolution of the performance of Japanese capitalism, this book reflects on the changes that it has experienced over the past 30 years, and presents a comprehensive analysis of the great transformation of Japanese capitalism from the heights of the 1980s, through the lost decades of the 1990s, and well into the 21st century. This book posits an alternative analysis of the Japanese economic trajectory since the early 1980s, and argues that whereas policies inspired by neo-liberalism have been presented as a solution to the Japanese crisis, these policies have in fact been one of the causes of the problems that Japan has faced over the past 30 years. Crucially, this book seeks to understand the institutional and organisational changes that have characterised Japanese capitalism since the 1980s, and to highlight in comparative perspective, with reference to the ‘neo-liberal moment’, the nature of the transformation of Japanese capitalism. Indeed, the arguments presented in this book go well beyond Japan itself, and examine the diversity of capitalism, notably in continental Europe, which has experienced problems that in many ways are also comparable to those of Japan. The Great Transformation of Japanese Capitalism will appeal to students and scholars of both Japanese politics and economics, as well as those interested in comparative political economy.