The Political Economy of European Welfare Capitalism

The Political Economy of European Welfare Capitalism

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A state-of-the-art assessment of welfare provision, policy and reform at national and at EU level which spans the whole of Europe - East, West and Central. Uniquely broad-ranging in scope, and covering the latest research findings and theoretical debates, it provides a genuinely comparative overview text for students of twenty-first-century Europe.
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Product details

  • Hardback | 280 pages
  • 138 x 216 x 20.32mm | 473g
  • Red Globe Press
  • London, United Kingdom
  • English
  • 2012 ed.
  • 280 p.
  • 1403902232
  • 9781403902238

Back cover copy

In this state-of-the-art work, Colin Hay and Daniel Wincott reassess welfare provision across the whole of Europe - East, West and Central - and at the national and EU level. The book challenges much conventional wisdom about the welfare state, including the widely accepted notion of a 'golden age' of welfare, the idea of a challenge posed by globalization, and the notion of the welfare state as a burden on competitiveness and a drain on economic performance. The authors put forward an alternative analysis of European welfare capitalism which highlights the importance of European economic integration, domestic political dynamics and demographic change in determining welfare trajectories. They conclude with a compelling account of the challenges to which European welfare states must respond if they are to survive in the new era of public austerity.
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Table of contents

Introduction.- European Welfare Capitalism in Good Times and Bad.- Varieties of European Welfare Capitalism.- Globalization, Europeanization and the Welfare State.- Competitiveness and the Welfare State.- European Integration and Welfare Capitalism.- Convergence and Divergence in European Welfare Trajectories.- European Welfare Capitalism in Hard Times.
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Review quote

'Every decade or so a book comes along that defines research in the comparative political economy of the advanced industrial states. If the 1990s belonged to Esping-Andersen and the 2000s to Hall and Soskice, the next decade belongs to Hay and Wincott. Combining historical synthesis, comparative analysis, and cutting-edge theory, they give us a refreshing and insightful account of the genesis, evolution, and transformation of European welfare states. Critically interrogating the impact of globalization, regionalization and competitiveness on these states, Hay and Wincott recast the evolution of European Welfare Capitalism as always and everywhere a political struggle over market imperatives.' - Mark Blyth, Brown University, USA 'This masterful and highly original reassessment demonstrates that more welfare state rather than less can go hand in hand with competitiveness; that European integration, not globalization, better explains welfare state transformation; and that different clusters of welfare capitalism are diverging further rather than converging. A 'must-read' for anyone who wants to understand not only what is wrong but also what is right about the European welfare state.' - Vivien Schmidt, Boston University, USA 'Un tour de force. Combining ambitious, rich and precise analysis with a wealth of effectively deployed empirical data, this is comparative political economy at its best. The concluding chapter on the impact of the current crisis on the evolution of European welfare states in particular is not to be missed.' - Patrick le Gales, Centre d'etudes europeennes, Sciences Po France and King's College London, UK
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About C. Hay

COLIN HAY is Professor of Political Analysis and Co-Director of the Sheffield Political Economy Research Institute at the University of Sheffield, UK.
DANIEL WINCOTT is Blackwell Professor of Law and Society at Cardiff University Law School and co-Chair of the Wales Governance Centre.
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