The Rise of Neoliberalism and Institutional Analysis

The Rise of Neoliberalism and Institutional Analysis

Edited by: John L. Campbell and Ove K. Pedersen

Princeton University Press | 2001

DOI: https://doi.org/10.1515/9780691188225

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Contents

About this book

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.

In addition to the editors, the contributors are Sarah L. Babb, Ellen M. Bradburn, Bruce G. Carruthers, Terence C. Halliday, Colin Hay, Edgar Kiser, Peter Kjaer, Jack Knight, Aaron Matthew Laing, David Strang, and Bruce Western.

Author information

John L. Campbell is Professor and Chair in the Department of Sociology at Dartmouth College and Adjunct Professor of Political Science in the Institute of Political Science at the University of Copenhagen. He is the author of Collapse of an Industry and Governance of the American Economy. Ove K. Pedersen is Professor of Comparative Politics in the Institute of Political Science at the University of Copenhagen. He is the author of several books and the coeditor, with John L. Campbell, of Legacies of Change: Transformations of Postcommunist European Economies.

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

The Rise of Neoliberalism and Institutional Analysis

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