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Diminishing Returns
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Table of Contents

List of Contributors
Introduction: Rethinking Comparative Capitalism
Lucio Baccaro, Mark Blyth and Jonas Pontusson

Part 1: Theoretical Perspectives

Chapter 1: Growth Models and Post Keynesian Macroeconomics
Engelbert Stockhammer and Özlem Onaran

Chapter 2: From Fordism to Franchise: Intellectual property and growth models in the Knowledge Economy
Herman Mark Schwartz

Chapter 3: Four Galtons and a Minsky: Growth Models from an IPE Perspective
Herman Mark Schwartz and Mark Blyth

Part 2: Growth Models at Scale

Chapter 4: The Political Economy of the Eurozone's Post-Crisis Growth Model
Alison Johnston and Matthias Matthijs

Chapter 5: China's Growth Models in Comparative and International Perspective
Yeling Tan and James Conran

Chapter 6: The Politics of Growth Model Switching: Why Latin America Tries, and Fails, to Abandon Commodity-Driven Growth
Jazmin Sierra

Chapter 7: The FDI-led Growth Models of the East-Central and South-Eastern European Periphery
Cornel Ban and Dragos Adascalitei

Part 3: Country Case Studies

Chapter 8: Credit and Consumption-Led Growth Models in the United States and United Kingdom
Alexander Reisenbichler and Andreas Wiedemann

Chapter 9: The Political-Economic Foundations of Export-led Growth: An Analysis of the German Case
Lucio Baccaro and Martin Höpner

Chapter 10: Rebalancing Balanced Growth: The Evolution of the Swedish Growth Model since the mid- 1990s
Lennart Erixon and Jonas Pontusson

Chapter 11: Growth and Stagnation in Southern Europe: The Italian and Spanish Growth Models Compared
Lucio Baccaro and Fabio Bulfone

Chapter 12: Global Capital and National Growth Models: The Cases of Ireland and Latvia
Dorothee Bohle and Aidan Regan

Part 4: Policies and Politics

Chapter 13: Financialization and Growth Regimes
Cornel Ban and Oddny Helgadóttir

Chapter 14: Political Parties and Growth Models
Jonathan Hopkin and Dustin Voss

Chapter 15: Growth Models Under Austerity
Evelyne Hübscher and Thomas Sattler

Chapter 16: Welfare States and Growth Models: Accumulation and Legitimation
Julia Lynch and Sara Watson

Chapter 17: Green Growth Models
Jonas Nahm

Index

About the Author

Lucio Baccaro is Director at the Max Planck Institute for the Study of Societies in Cologne.

Mark Blyth is the William R. Rhodes '57 Professor of International Economics and Director of the Rhodes Center for International Economics and Finance at Brown University.

Jonas Pontusson is Professor of Comparative Politics at the University of Geneva.

Reviews

This immensely stimulating book enriches our understanding of comparative and international political economy with new perspectives drawn from post-Keynesian economics about how and why growth models vary across countries and time. Bringing macroeconomics back into the center of the study of comparative capitalism, the authors skillfully weave economics and politics together to yield a distinctive view of the challenges facing the contemporary world. This is an illuminating volume that all political economists will want to read.
*Peter A. Hall, Krupp Foundation Professor of European Studies, Harvard University*

What happens when growth slows down? This excellent book contributes to a growing research agenda on economic growth, ranging from heterodox economics and international political economy to political science. At the core are institutional differences between national growth regimes that are interconnected in the global economy. Understanding those institutions and dynamics will allow us to better guide the transition from fossil-fuelled growth towards decarbonization.
*Anke Hassel, Professor of Public Policy, Hertie School*

Every once in a while, a book comes along that genuinely takes the scholarly and analytical debates in a field forwards. This impressively substantial tome is just such a volume, enriching comparative capitalisms analysis in bringing together an array of the world's leading political economists to explore growth models and capitalist restructuring in many parts of the globe. This will become a landmark volume that students and scholars of the political economy interested in the politics of capitalist growth in all parts of the globe will need to read.
*Ben Clift, Professor of Political Economy, University of Warwick*

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