00000nam 2200000 4500 INLIS000000000004383 20221025025245 0010-0520004383 221025################|##########|#eng## 978-0-521613071 eng 330.12 330.12 IVE c Iversen, Torben Capitalism, democracy, and welfare / Torben Iversen Cet. 2 New York : Cambridge University Press, 2006 xvii, 312 p.; 23 cm ; 23 cm Indeks : Index (p. 297-312) This book builds on new institutionalist theory in both economics and political science to offer a general political economy framework for the study of welfare capitalism. Based on the key idea that social protection in a modern economy, both inside and outside the state, can be understood as protection of specific investments in human capital, the book offers a systematic explanation of popular preferences for redistributives spending, the economic role of political parties and electoral systems, and labor market stratification (including gender inequality). Contrary to the popular idea that competition in the global economy undermines international differences are made possible by a high international division of labor. Such a division allows firms to spezialize in production that requires an abundant supply of workers with specific skills, and hence high demand for protection. The rise of nontraded services undermines this specialization and increases demands for more flexible labor markets. 1. Welfare economics 2. Human capital 3. Income distribution 07595/MKRI-P/XII-2007 05822/MKRI-P/IX-2008 05822/MKRI-P/IX-2008 07595/MKRI-P/XII-2007 07595/MKRI-P/XII-2007 05822/MKRI-P/IX-2008