Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 08 December 2019

Abstract and Keywords

This article focuses on broad theoretical questions and puzzles in political economy as they relate to research on redistribution and the welfare state. Then, it describes three different approaches to the study of democratic redistribution, and considers the recent literature on capitalism as an economic system and how economic and democratic institutions relate to one another as well as to the welfare state. It is suggested that there is a new structuralist turn in political economy where the parameters for models of institutional design are derived from the specific historical conditions that have shaped capitalism in different parts of the world. Furthermore, the article discusses modern capitalism as an economic system with distinct implications for distribution and the welfare state. It finally deals with a new form of structuralism.

Keywords: political economy, welfare state, democratic redistribution, capitalism, economic institution, democratic institution, structuralism, economic system

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.