- List of Figures
- List of Tables
- List of Contributors
- Institutional Perspectives—Working towards Coherence or Irreconcilable Diversity?
- Beyond Comparative Statics: Historical Institutional Approaches to Stability and Change In the Political Economy of Labor
- Actors and Institutions
- Institutional Reproduction and Change
- Qualitative Comparative Analysis of Social Science Data
- The State in the Economy: Neoliberal or Neoactivist?
- Money and Markets
- Transnational Institutions and International Regimes
- Law as a Governing Institution
- Institutional Change in Financial Systems
- The Comparative Institutional Analysis of Innovation: From Industrial Policy to the Knowledge Economy
- Changing Competition Models in Market Economies: The Effects of Inter‐nationalization, Technological Innovations, and Academic Expansion on the Conditions Supporting Dominant Economic Logics
- Institutions, Wealth, and Inequality
- Corporate Governance
- The Institutional Construction of Firms
- Institutionalizing the Employment Relationship
- Inter‐Firm Relations in Global Manufacturing: Disintegrated Production and Its Globalization
- Institutional Transformation in European Post‐Communist Regimes
- State Failure
- Financial Capitalism Resurgent: Comparative Institutionalism and the Challenges of Financialization
- Institutional Competitiveness: How Nations came to Compete
- Epilogue: Institutions in History: Bringing Capitalism Back In
Abstract and Keywords
This article discusses key approaches to the state's role in the contemporary economy. It discusses three perspectives on the state–economy relationship. These range from a priori claims that view states as impediments to markets, to hypotheses which pose a world of neoliberal states restricted to creating the best environment for transnational capital, to arguments that seek to conceptualize actually existing states as solutions to the problem of development. First, the discussion begins with a brief sketch of the state's role in neoliberal theory. Next, it examines how the theory is believed to play out in practice as a result of globalization and the rise of neoliberalism. Third, the discussion considers the debate on the rise of governed market economies, and their challenge to the free-market paradigm. Finally, it revisits the proposition that the global economy valorizes a minimalist state.
Linda Weiss, Professor, Department of Government and International Relations, University of Sydney.
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