Prof David Soskice Book Launch
SPIRe in collaboration with our new Jean Monnet Centre in the New Political Economy of Europe (NPEE) will be hosting a talk/book launch with Prof David Soskice.
The event will take place on Thursday January 31st at 1pm in the Peter Mair library (G316).
Prof Soskice's book with Torben Iversen is called Democracy and Prosperity: Reinventing Capitalism through a Turbulent Century and it is published by Princeton University Pres.
About the book:
A groundbreaking new historical analysis of how global capitalism and advanced democracies mutually support each other
It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world’s leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial.
For all the chaos and upheaval over the past century—major wars, economic crises, massive social change, and technological revolutions—Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state.
Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.
Torben Iversen is the Harold Hitchings Burbank Professor of Political Economy at Harvard University. His books include Women, Work, and Politics and Capitalism, Democracy, and Welfare. David Soskice is School Professor and Professor of Political Science and Economics at the London School of Economics. His books include Macroeconomics: Institutions, Instability, and the Financial System (with Wendy Carlin) and Varieties of Capitalism (edited with Peter A. Hall).
You can read more about the book in advance here: https://press.princeton.edu/titles/14194.html
Princeton Press will be hosting a stand if you want to buy the book on the day.
About Prof Soskice
Professor of Political Science and Economics and Fellow of the British Academy
Department of Government, London School of Economics and Political Science
David Soskice has been School Professor of Political Science and Economics at the LSE since 2012. He taught macroeconomics at Oxford (Mynors Fellow emeritus, University College) from 1967 to 1990, was then research director/professor at the Wissenschaftzentrum Berlin (1990-2005), and subsequently Research Professor of Comparative Political Economy at Oxford and senior research fellow at Nuffield College, and Research Professor of Political Science at Duke. He has been visiting professor in the economics department at Berkeley, the government department at Harvard, the Industrial Relations School at Cornell, and the Scuola Superiore St Anna, Pisa, and held the Mars Visiting professorship at Yale and the Semans Distinguished Visiting professorship at Duke. He is currently working with Wendy Carlin (UCL) on tractable macroeconomic models; with Nicola Lacey on the comparative political economy of crime and punishment; with Torben Iversen on advanced capitalist democracies; and he gave the 2013 Federico Caffѐ lectures in Rome on Knowledge Economies: Winners and Losers. He was President of the European Political Science Association from 2011 to 2013; he is a Fellow of the British Academy (Politics and Economics groups); and he is an Honorary Fellow of Trinity College, Oxford.