Western Welfare Capitalisms in Good Times and Bad

Hardback

Western Welfare Capitalisms in Good Times and Bad

9781035312290 Edward Elgar Publishing
Bruce Headey, Principal Fellow, Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Australia, Ruud Muffels, Professor of Socio-Economics, Tranzo, Tilburg University, the Netherlands and John Quiggin, Professor of Economics, Department of Economics, University of Queensland, Australia
Publication Date: September 2023 ISBN: 978 1 03531 229 0 Extent: c 192 pp
Western Welfare Capitalisms in Good Times and Bad provides an insightful appraisal of policy priorities and outcomes in four Western regimes: the Anglo-American liberal regimes, Southern European ‘proto-corporatist’ regimes, the historically social democratic Scandinavian regimes, and Western European conservative-corporatist regimes.

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Western Welfare Capitalisms in Good Times and Bad provides an insightful appraisal of policy priorities and outcomes in four Western regimes: the Anglo-American liberal regimes, Southern European ‘proto-corporatist’ regimes, the historically social democratic Scandinavian regimes, and Western European conservative-corporatist regimes.

Challenging the assertion that Western regimes are converging towards a ‘lean and mean’ Anglo-American type of welfare regime, the authors demonstrate how policy priorities and outcomes in these four regimes remain distinctive. Chapters offer detailed analyses of a comprehensive set of policy outcomes including poverty, income and wealth inequality, gender inequality, personal autonomy, economic growth, economic security, and life satisfaction. The book ultimately finds that the historically social democratic Scandinavian regimes perform as well or better than other regimes in all policy domains, whilst continuing to prioritise their own egalitarian policy aims.

This fascinating book will be essential reading for scholars of political science, sociology and economics, as well as policy makers seeking to fully understand the complex dimensions of Western capitalism. It will also be valuable to those interested in comparing the differing responses of Western governments to two major crises of the 21st century: the Global Financial Crisis and the Covid-19 pandemic.
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