Wolfgang Streeck's research while affiliated with Max Planck Institute for the Study of Societies and other places
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Publications (180)
This paper considers the interaction of legal norms and social norms in the regulation of work and working relations, observing that, with the contraction of collective bargaining, this is a matter that no longer attracts the attention that it deserves. Drawing upon two concepts from sociology – Max Weber's ‘labour constitution’ and Seymour Martin...
What is better for a country, to be big or to be small? And should sovereign statehood be centralised or distributed among countries of common cultural and institutional lineage? Debates on this reach back to early modernity where Gibbon tries to draw lessons from the decline and fall of the Western Roman Empire and Smith reflects on the political...
Wer heute an Politikberatung denkt, hat noch immer irgendwie das Webersche Modell im Kopf, oft ohne es zu wissen. Eine Regierungschefin oder ein Minister, im Amt oder in guter Hoffnung auf ein solches, hat sich etwas in den Kopf gesetzt – Abschaffung der Armut, Steuersenkung für Millionäre, Beseitigung von Saddam, Gaddafi oder anderen, Versorgung d...
Lehman Sisters, or the Third Way to European Social Democracy - Walby Sylvia , Crisis (Cambridge, Polity, 2015) - Volume 57 Issue 3 - Wolfgang Streeck
The article points out the important contribution made by the concept of “growth models” to comparative political economy (CPE). It emphasizes Baccaro and Pontusson’s critique of the standard model of “varieties of capitalism.”
This discussion forum is based on the roundtable discussion at the 27th Annual Conference of the Society for Advancement of
Socio-Economics (SASE) hosted at the London School of Economics. The discussion presents recent work on capitalism as an evolving
historical formation by Wolfgang Streeck and Craig Calhoun, together with contributions by Briti...
Regional disparities within the European Union have always been perceived as an impediment to monetary integration. Discussions on a joint currency were linked to compensatory payments in the form of regional policy. Structural assistance increased sharply at the end of the 1980s. Later, however, it had to be shared with the new member states in th...
Against the backdrop of an explosion of interest in new techniques for data collection and theory testing, this volume provides a fresh programmatic statement about comparative-historical analysis. It examines the advances and distinctive contributions that CHA has made to theory generation and the explanation of large-scale outcomes that newer app...
There is good news and bad news—and as sometimes, good news inside the bad. The bad news is that the crisis of Western-liberal democracy has apparently grown to a point where it can no longer be ignored by mainstream political science—while the good news is that it is now actually being noticed there. What is more, it is beginning to make its leadi...
It is not only economics that needs to regain a sense of history but also much of social science. Like economists social scientists need to liberate themselves from a Newtonian clockwork view of the world, and from a view of social reality as an emanation and arbitrary illustration of universal laws governing social life in general. Social science...
Die Entwicklung moderner Gegenwartsgesellschaften lässt sich als Prozess fortschreitender Markterweiterung beschreiben – oder mit Rosa Luxemburg: als äußere und innere „Landnahme“ des Marktes gegenüber der sozialen Lebenswelt (Luxemburg 1913). In dem Maße, wie dabei soziale Beziehungen zu Marktbeziehungen werden, löst sich menschliches Handeln von...
Blyth shows convincingly that ‘Austerity does not work’. But he seems to imply that financial repression, higher taxes and monetary expansion would. Are they really compatible, however? Financial repression requires growth, real or nominal. Real growth is widely believed to require lower, not higher taxes. Nominal growth, that is inflation, is diff...
Rising public debt has been widespread in democratic-capitalist political economies since the 1970s, generally accompanied among other things by weak economic growth, rising unemployment, increasing inequality, growing tax resistance, and declining political participation. Following an initial period of fiscal consolidation in the 1990s, public deb...
Karl Marx observed long ago that all economic struggles invite moral struggles, or masquerade as such. The reverse may be true, too: deep moral–political conflicts may be waged through the manipulation of economic resources and the design of policy devices. Using the recent financial and Eurozone crises as empirical backgrounds, the short papers pr...
Karl Marx observed long ago that all economic struggles invite moral struggles, or masquerade as such. The reverse may be true, too: deep moral-political conflicts may be waged through the manipulation of economic resources and the design of policy devices. Using the recent financial and Eurozone crises as empirical backgrounds, the short papers pr...
Die gegenwärtige Krise der Staatsfinanzen geht nicht, wie von der Public Choice-Theorie suggeriert, auf ein Versagen der Demokratie zurück. Vielmehr ist sie eine Begleiterscheinung des langen Abschieds des westlichen Kapitalismus von seiner Keynesianischen Wachstums- und Wohlfahrtsphase und geht mit langfristigen Verteilungsverlusten breiter Teile...
In 2012, Socio-Economic Review received its first Impact Factor: we are proud that SER attained a strong 1.78. It ranks 11th in Political Science and 15th in Sociology. We thank all those who have contributed to the success of SER, and ask for your continuing support to make it flourish in future years as well.
It is also a great pleasure to announ...
There are good reasons for preferring the concept of capitalism over that of "market economy." A capitalist economy is one that depends on the commercialization-through-monetarization of ever more social relations. The result is disequilibrium as the normal condition of a society placed under pressure by its "economy" for continuous reorganization...
The paper argues that contemporary capitalism must be studied as a society rather than an economy, and contemporary society as capitalist society. Capitalism is defined as a specific institutionalization of economic action in the form of a specifically dynamic system of social action, with a tendency to expand into, impose itself on and consume its...
The article retraces the successive economic crises in the capitalist countries since the 1970's, reading them as the result of tensions and contradictions between capitalist markets and democratic politics.
DoingTheoryRealistically - RueschemeyerDietrich, Usable Theory: Analytical Tools for Social and Political Research (Princeton/Oxford, Princeton University Press, 2009). - Volume 52 Issue 3 - Wolfgang Streeck
The “financial crisis” and its sequel, the current sovereign debt crisis, appear to be the latest permutations of an old conflict between capitalism and democracy that forcefully reasserted itself after the end of the postwar growth period. Today’s calamities were preceded by high inflation in the late 1960s and 1970s, rising public deficits in the...
The roots of today's Great Recession are usually located in the financial excesses of the 1990s. Wolfgang Streeck traces a much longer arc, from 1945 onwards, of tensions between the logic of markets and the wishes of voters-culminating, he argues, in the international tempest of debt that now threatens to submerge democratic accountability altoget...
In most rich democracies one finds a tendency for the share in public finance that is available for discretionary spending to shrink. This is because tax revenues do not keep pace with simultaneous increases in fixed expenditures and growing pressures for fiscal consolidation. The present paper assesses the capacity of governments under conditions...
Since the early 1970s modern states have been faced with a gradual tightening of their fiscal situation. Chronic deficits and mounting public debt have become major factors determining welfare state policies. In the paper we identify the establishment of a fiscal regime of austerity in Germany resulting in an institutionalized crisis of public fina...
Skills and skill formation have become central topics in contemporary political economy. This essay traces a key concept in the current debate-the distinction between general and specific skills-back to its diverse origins in American postwar labor economics, comparative industrial relations, and human capital theory. To show how the distinction ha...
The article discusses the impact of the financial crisis on the German political economy and the fiscal capacity of the German state. It argues that recent events have accelerated and reinforced the longer-term trends analysed in the book, “Re-forming Capitalism”, rather than changing them.
The paper reviews the origins of the comparative study of capitalism and of the diverse approaches applied to it in contemporary political economy. It distinguishes four models accounting for differences in the institutional make-up of national capitalist economies, which it refers to as the social embeddedness, power resource, historicalinstitutio...
This paper outlines an institutionalist political economy approach to capitalism as a specific type of social order. Social science institutionalism considers social systems to be structured by sanctioned rules of obligatory behaviour. Its perspective is one of collective ordering, or governance, through regularization and normalization of social a...
"This chapter deals with the relationship between trade unions and labour markets. It cannot even attempt to offer a comprehensive treatment of either of the two. The first section, 'Labour Markets and Trade Unions in Sociological Research and Theory' takes stock of core concepts and research traditions informing, or potentially informing, an econo...
Hoffnungen auf eine Rückkehr des nationalen Interventionsstaats im Gefolge der Finanzkrise erscheinen verfrüht. Die zur Krisenbekämpfung ergriffenen Maßnahmen beschleunigen einen seit Jahrzehnten anhaltenden Trend zu immer höherer Staatsverschuldung. Wie in anderen Nationalstaaten auch, so wird der für diskretionäre Politik verfügbare Anteil des Bu...
Seit Anfang der 1970er Jahre lässt sich eine graduelle Verschärfung der fiskalischen Situation moderner Staaten beobachten. Chronisch gewordene Defizite und eine dramatisch gestiegene Staatsverschuldung sind zu einer beherrschenden Rahmenbedingung wohlfahrtsstaatlicher Politik geworden. Das Papier beschreibt für die Bundesrepublik die langfristige...
Over the past four decades, the accumulation of policy legacies and public debt has led to a decline in fiscal flexibility in Germany and the United States. By applying an index of fiscal democracy to Germany, the paper illustrates the associated shrinkage of democratic control over budget priorities and compares the developments in both countries....
At the 2009 SASE meeting in Paris, Amitai Etzioni, Michael Piore and Wolfgang Streeck discussed the potential contributions
of behavioural economics to socio-economics. Following are slightly expanded versions of their presentations.
The dissolution of the standard employment relationship since the 1970s has been paralleled by a destabilization of family relations. The paper, which is a slightly revised version of a plenary lecture at the 2008 Meeting of the German Sociological Association, discusses possible connections between the rise of more flexible labor market and family...
This Epilogue argues that progress in comparative institutional analysis will require a return from a static to a dynamic perspective. It addresses the challenge of placing individual institutions and their comparative analysis into a broader systemic context by locating them in a structured historical process. It asks whether our theories and meth...
The progress of markets erodes traditional relations of social solidarity that are essential for the stability and performance of societies. As markets advance, pressures build on the state to replace informal social obligations with formal ones. Regulation may fail, however, which tends to give rise to demands for public services substituting for...
The essay begins with a recapitulation of core institutional properties of the European Union as they have evolved over several decades. The leading insight deriving from this exercise is that European social policy will always, for all practical purposes, be made simultaneously at two levels, a supranational one and a national one, and will be sha...
The paper was presented as a keynote lecture at the 10th anniversary of the Amsterdam Institute for Advanced Labour Studies (AIAS) in April 2008. It surveys the trajectory of scholarly work on labor after 1945, from its initial emphasis on rights of industrial and social citizenship to its present preoccupation with 'flexibility' and 'flexicurity'....
Wolfgang Streeck is a leading figure in comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stabilit...
The paper presents some of the ideas underlying the current research program of the Max Planck Institute for the Study of Societies (MPIfG). It begins with a discussion of how the institute's programmatic orientation has evolved since it was founded in 1984. Programmatic change over the years involved (1) recognition of a secular decline in the cap...
West German unions' early endorsement of European integration set them apart from many other European unions, but it was in agreement with German business and governments. The completion of the European Internal Market in 1992 and the weakness of its “Social Dimension” are likely negatively to affect German unions' national institutional power base...
Martin Höpner's paper was written to structure discussions at a workshop of the ‘Complementarity Project’, which was held in Paris, 26–27 September 2003. The project was organized by Bruno Amable and Robert Boyer (CEPREMAP, Paris), Colin Crouch (EUI, Florence), Martin Höpner and Wolfgang Streeck (Max Planck Institute for the Study of Societies...
A longer-term perspective reveals the historical exhaustion of the financial resources of the democratic interventionist state of the postwar period. German politics present and future is shaped by a deep crisis of public finance. Its current expression is an apparently insurmountable conflict between four equally urgent political objectives: payin...
The paper describes the structure and state of industrial relations in the Federal Republic of Germany and discusses perspectives and problems of their future development. Its composition follows the syllabus of an internationally comparative research project.
AT THE END OF HIS REVIEW OF LABOUR MARKET RIGIDITIES in advanced capitalist societies, Ronald Dore presents us with the classical and highly uncomfortable dilemma between equity and efficiency. There are two kinds of rigidities, he suggests: those that improve economic performance while giving rise to social inequality and societal dualism, and tho...
Aus dem Vorwort: Mit dem im Frühjahr 2006 veranstalteten Kolloquium „Moralische Voraussetzungen und Grenzen wirtschaftlichen Handelns“ begann das Max-Planck-Institut für Gesellschaftsforschung eine neue Veranstaltungsreihe. Mit dem unregelmäßig stattfindenden „Kolloquium“ wollen wir ein Forum zur Diskussion allgemeiner gesellschaftspolitischer und...
Die politischen Auswirkungen der fortschreitenden Alterung der Bevölkerung sind ein Thema, mit dem sich die Sozialwissenschaften heute konfrontiert sehen. Die Frage lautet: Wie wahrscheinlich ist es, dass die künftige Politik der reichen postindustriellen Gesellschaften von einem Verteilungskonflikt zwischen pensionierten Alten und erwerbstätigen J...
List of Figures ix List of Tables xi Preface xiii CHAPTER ONE Problems of Institutional Analysis 1 CHAPTER TWO The Problem of Change 31 CHAPTER THREE The Problem of Mechanisms 62 CHAPTER FOUR The Problem of Ideas 90 CHAPTER FIVE The Problem of Globalization 124 CHAPTER SIX Where Do W Go from Here? 172 APPENDIX Analysis of Tax Levels and Structures...
In the present period of globalization Governing Interests presents new research on the impact of internationalization on the organization and representation of business interests through trade and employer associations. By exploring ongoing, gradual but nevertheless profound changes in the structures and functions of business interest associations...
"Die Verabschiedung der Entsenderichtlinie im Jahr 1996 gehört zu den Schlüsselereignissen der europäischen Integrationspolitik des letzten Jahrzehnts. Ablauf und Ergebnis der politischen Bearbeitung des Problems der 'Entsendung' von Arbeitnehmern auf europäischer und nationaler Ebene enthalten Lehren, die weit über den Fall selbst hinaus von Inter...
Martin Höpner (hoepner@mpifg.de), Ph.D., is a political scientists and researcher at the Max Planck Institute for the Study of Societies in Cologne, Germany. His work focuses on comparative political economy. In particular, he has published on organized capitalism, industrial relations and corporate governance. Among his recent publications are "Eu...
At a time when democratization and the state of democracy are at the forefront of attention in many parts of the world, this book examines the state-of-the-art on this vital political issue. Revisiting the now classical literature on neo-corporatism in the light of current research and theory, the contributors illustrate the enormous influence of t...
Throughout the 1970s and 1980s, West Germany was considered to be one of the world's most successful economic and political systems. In his seminal 1987 analysis of West Germany's 'semisovereign' system of governance, Peter Katzenstein attributed this success to a combination of a fragmented polity, consensus politics and incremental policy changes...
The key to economic reform in Germany is a significant reduction in the high costs of labour.The main factor driving up German labour costs is the funding of the extensive German welfare state through social insurance contributions that in effect operate like payroll taxes on employment. The paper discusses the political causes of the rise in non-w...
"Martin Höpner's paper was written to structure discussions at a workshop of the 'Complementarity Project', which was held in Paris, 26-27 September 2003. The project was organized by Bruno Amable and Robert Boyer, Colin Crouch, Martin Höpner and Wolfgang Streeck. The subject of the workshop was the complementarity, real or imagined, of financial m...
Der Vortrag würdigt das 1984 erschienene Buch des Jubilars, Der kurze Traum immerwährender Prosperität: Eine Neuinterpretation der industriell-kapitalistischen Entwicklung im Europa des 20. Jahrhunderts. Im Licht der Erfahrung der seitdem vergangenen zwei Jahrzehnte wird diskutiert, wo und in welchem Sinn die Lutzsche Analyse noch Geltung beanspruc...
Debates surrounding institutional change have become increasingly central to Political Science, Management Studies, and Sociology, opposing the role of globalization in bringing about a convergence of national economies and institutions on one model to theories about 'Varieties of Capitalism'. This book brings together a distinguished set...
Der Korporatismus der Nachkriegsphase kann als Konfliktpartnerschaft zwischen Organisierungseliten von Arbeit und Kapital beschrieben werden. Deren Leistung bestand darin, ihre jeweiligen Lager zusammenzuhalten und auf mit den Eliten des jeweils anderen Lagers ausgehandelte Kompromisse zu verpflichten. In den achtziger Jahren begann sich die Lagers...
"Empirically the chapters of this book deal with current changes in selected political-economic institutions of rich, mostly Western democracies. To us the most prominent theoretical frameworks employed in the analysis of the welfare state and of contemporary political economy generally seem singularly ill-equipped to capture significant developmen...
This paper discusses the «associational democratic» model of relationship between state and civil society organizations, which recommends devolution of as many regulatory functions as possible to local groups and associations with detailed knowledge of problems and possible solutions, extensive monitoring capacities, and the potential to deliberate...
The paper takes up the basic issue, addressed by both commentators, of whether one can speak of economic performance as a general interest superseding the special interests of groups or classes. It suggests a dynamic concept of capitalist class interests that allows for a contingent, precarious, and perhaps increasingly less feasible reconciliation...
O ver the last decade, students of the welfare state have produced an impressive body of research on retrenchment, the dominant thrust of which is that remarkably few welfare states have experienced fundamental shifts. This article questions this now-conventional wisdom by reconsidering the post-1970s trajectory of the American welfare state, long...
Basic institutions and political power configurations that contributed to Germany's post-war social and economic success turned from assets into liabilities in the 1990s and beyond. This introduction highlights the emergence and interaction of the critical components of the German political economy. It provides evidence for its declining performanc...
Der Prozeß der Globalisierung hat schon in der frühen Neuzeit begonnen und ging der Entstehung des modernen Nationalstaats voraus. Die nationalstaatliche Organisation der Weltgesellschaft hat sich seit anderthalb Jahrhunderten gegenüber immer neuen Internationalisierungsschüben erstaunlich erfolgreich behauptet. Auch heute kann von einer Erosion de...
From the 1960s to the 1980s, observers attributed to Germany the character of a political-economic "model" that was able to weather a multiplicity of economic challenges. The term "model Germany" indicated a political and economic compact permitting centripetal political competition in the electoral and legislative arenas, while co-ordinating publi...
"First fissures in the West German industrial order were observed in the 1980s when unions divided over how to respond to persistend unemployment. Opposing the reduction od weekly working hours pursued by the left wind of the union movement, the Kohl government invited employers, works councils and dissenting unions to rely on the social security s...
"Among political and economic elites as well as in public opinion a sense of malanaise has spread across Germany since the mid-1990s, after the initial enthusiasm about German unification, the end of the Cold War and the acceleration of European integration. In the early 1980s West Germany was widely celebrated, and indeed celebrated itself, as an...
The German and Japanese economies are more socially and politically regulated, and in this sense less liberal, than their Anglo-American counterparts. In The Origins of Nonliberal Capitalism, an international and interdisciplinary group of scholars explains why and how Germany and Japan developed nonliberal types of capitalism, looking at the insti...
The paper is a contribution to a book edited by Simon Green and Willie Paterson, Semi-sovereignty Revisited: Governance, Institutions and Policies in United Germany. The book will appear in 2003 or 2004. It explores to what extent Peter Katzenstein's seminal study of the semi-sovereign German state in the 1980s is still valid. The paper looks at on...
Anhand unternehmensbezogener Fallstudien behandeln die Autoren des Bands die Auflösung zentraler Wesensmerkmale der deutschen Spielart des organisierten Kapitalismus. Ausgangspunkt der Beiträge ist das Spannungsverhältnis zwischen einzelwirtschaftlich-betriebswirtschaftlichen und öffentlichen Interessen. Die "Deutschland AG" war, so die Autoren, du...
"Modern trade unions act in two arenas: the state and politics on the one hand, and the labour market and collective bargaining on the other. The relative importance of their economic and political activities differs between countries and world regions, as well as historically and between types of unions. So do the way and the extent to which union...
Weitgehend unbeachtet haben in den letzten Jahren wichtige Veränderungen im deutschen System der Arbeitsbeziehungen stattgefunden. Von besonderer Bedeutung sind dabei die Aufnahme sozialpolitischer Themen in den Gegenstandsbereich der Tarifverhandlungen, insbesondere der Alterssicherung und der Altersteilzeit; die Ausweitung und Festigung der betri...
Der Beitrag thematisiert zunächst die Rahmenbedingungen auf dem Arbeitsmarkt und die spezifische Krise des deutschen Beschäftigungssystems (stabile Koinzidenz hoher Arbeitslosigkeit mit einer niedrigen Erwerbsquote). Ziel der Arbeitsmarkt- und Beschäftigungspolitik müsste es sein, eine auch in anderen westeuropäischen Ländern zu beobachtende Beschä...
Very large firms, the rising significance of small and medium-sized enterprises notwithstanding, still account for most of the employment and wealth creation in Europe and will continue to do so for the foreseeable future. They also to a large extent determine the political institutions that regulate the relationship between economy and society, in...
After the devastation of World War II, Germany and Japan built national capitalist institutions that were remarkably successful in terms of national reconstruction and international competitiveness. Yet both "miracles" have since faltered, allowing U.S. capital and its institutional forms to establish global dominance. National varieties of capital...
The failure of the Alliance for Jobs marks the end of the attempt to accomplish the adjustment of the German labor market and welfare state through a tripartite pact between government, trade unions and organized business. The root causes of the failure are located mainly in the peculiarities of the organization of the German state and its system o...
Die Geschichte der Gewerkschaftsbewegungen auf dem europäischen Kontinent unterscheidet sich signifikant von der in Großbritannien oder den USA. Die industrielle Entwicklung kam später, dafür aber schneller als in Großbritannien in Gang und fand in einer durch das britische Empire dominierten Weltwirtschaft statt. Industrieanlagen und Unternehmen e...
Citations
... The research agenda and distinctive ontology of HI and CHA are outlined byMahoney and Reuchmeyer (2003),Campbell (2010),Pierson (2015),Mahoney and Thelen (2015),Streeck (2015). ...
... Yet the literature on comparative capitalisms nonetheless pits global economic forces against the ability of states to craft distinct pathways into highly globalized industries. See, for instance, Höpner and Krempel 2004;Hsueh, 2012;Streeck 2009;Streeck and Mertens 2010;Thelen 2014. 4 Definitions of "industrial policy" have ranged from any policy governing industrial activity to specific forms of public-private collaboration. ...
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... The solution to the identifed problems consequent to this spatialisation of the world does not, for me, rest on the idea of 'open borders', particularly as this is being conceptualised by some economists. Nor does it lie in the alternative promoted by those such as Wolfgang Streeck (2018) of a hostile environment for migration and refugee aid close to the source. Rather, it lies in a collective accountability that can only be met through a process of social democratic reparative action; that is, through a generalising of social democracy rather than the establishment of a nationally specifc social democracy available to some but denied to others. ...
Reference: ‘Open Borders’
... Importantly, it concerns tendencies and not something that is 'already achieved and consolidated' (Jessop 2018, p. 400). On this background, we determine post-industrialism in terms of the relative presence of four interrelated tendencies: high service sector employment (tertialization); a dynamic labour market in terms of job turn-over (flexibilization); destabilized family structures (individualization) and high proportions of women in the labour force (feminization) (Dukes and Streeck 2020;Hertel 2017). ...
... Under the guidance of the CDU leader Angela Merkel as the first chancellor, since then the loss of support for the SPD has continued, as has the steady decline of the CDU-CSU alliance. An essential feature to underline here for our research is that, in the case of Germany, the transitional phase of the 1990s led to a repositioning that (partially) hinged on workfare policies and progressive cutbacks in the amount of social protection (Palier & Thelen, 2010), implemented in open conflict with trade unions (Streeck, 2005). ...
Reference: Politics and policies of left-wing parties
... Whereas conservatives (and some liberals, especially neoliberals) called for authoritarian solutions to the problem of mass society, today's centrists call for economic technocracy as an alternative to populism. Seen in this way, neoliberalism's critics suggest that the rise of populism is not so much a cause for regret, and rather something that should be celebrated, because it challenges the rule of neoliberal technocracy through the revival of politics (d 'Eramo, 2013;Mouffe, 2006;Streeck, 2019). The argument is not to apologize for rightwing populism, but rather to recognize that its rise is in part a response to the neoliberal de-politicization that has occurred over the last 30 years. ...
... The MoH and its partners should seek to implement mechanisms for the institutionalization of districtlevel DQAs and data review meetings such that districts are incentivized to do this activity without central-level supervision. Here we define institutionalization as systems of norms (or behaviors) with strong but variable mechanisms of support and enforcement [68,69]. Indeed, it has been previously argued that the institutionalization of data quality assessment may be the best preventive mechanism of ensuring good quality RHIS data [56]. ...
... However, to resolve the crisis caused by the neo-liberals they must push their fight for gender representation (as well as a list of other nominal intersectional categories) into the organizations of the finance industry itself, from where they will "re-gender" the economy, "re-regulate" finance, and presumably save the day. Underneath Walby's jargon about "complexity" and "contested modernities" her crisis theory amounts to a rather conventional account set against a familiar narrative of good versus bad (see Streeck 2016). It is about a world that has gone wrong because of the misguided decisions and dubious interests of guilty parties, but which can be restored by the superior insights and good intentions of Walby and her allies. ...
... Üniversiteler, düşünce kuruluşları, medya, finansal kurumlar, yönetim kurulları, hazine departmanları, merkez bankaları ile küresel finansı ve ticareti düzenleyen kurumlar da sürecin inşasına katkı sunmuştur. Diğer taraftan neoliberalizm, piyasa ekonomini güçlendirmek yerine, kapitalizmde finansallaşma eğilimini güçlendirmiştir (Crouch, della Porta & Streeck, 2016). Finansallaşma eğiliminin sosyal yeniden üretim alanlarına sirayet etmesi, ekonomilerin kırılganlığını artırmıştır. ...
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... In his review of the English translation of Habermas' book The Lure of Technocracy (2015), Wolfgang Streeck (2017) claims that Habermas has failed to recognize that the real enemy of democracy and democratization is not a growing administrative apparatus organized according to technocratic ideologies and expert knowledge, but capitalism itself. He accuses Habermas of underestimating the role of capitalistic logic and unhinged financial capitalism in shaping the present global order in general and the European Union in particular. ...
