Comparing Capitalisms Prof. Dr. Stefanie Hiß (Juniorprofessorin), Institut für Soziologie, FSU Jena Overview While there seems to be no viable alternative to capitalism, we find manifold alternatives within capitalism. Since the historical victory of capitalism over socialism, there are ongoing debates about the questions of how and why capitalisms differ, what differentiates the liberal or market capitalism in the United States and United Kingdom from the Rhenish, coordinated or organized capitalism in Germany, and whether this capitalist diversity will prevail or whether globalization leads to a convergence of the diverse capitalist models. In the course, we will compare capitalist countries as well as theoretical approaches explaining capitalist variety (e.g. Varieties of Capitalism, National Business Systems). Looking on country differences, we will especially focus on the institutional foundations of national financial, production, corporate governance and industrial relations systems in countries such as Germany, France, or Japan. Session 1: October 19, 2011: Introduction Part 1: Comparing Capitalisms Different Approaches Session 2: October 26, 2011: Hall, Peter A./Soskice, David (2001): An Introduction to Varieties of Capitalism. In: Hall, P.A./Soskice, D. (eds.): Varieties of Capitalism. Oxford: Oxford University Press. Session 3: November 2, 2011: Whitley, Richard (2000). Divergent Capitalisms. The Social Structuring and Change of Business Systems. Oxford: Oxford University Press. (Chapter 2: The Nature of Business Systems and their Institutional Restructuring: 31-64). Session 4: November 9, 2011: Amable, Bruno (2003): The Diversity of Modern Capitalism. Oxford: Oxford University Press. (Chapter 1 and 3). Session 5: November 16, 2011: Crouch, Colin/ Schröder, Martin/ Voelzkow, Helmut (2009): Regional and sectoral varieties of capitalism. Economy and Society 38(4): 654-678. Part II: Comparing Capitalisms Financial Markets Session 6: November 23, 2011 Krahnen, Jan P./ Schmidt, Reinhard H. (eds.) (2003): The German Financial System. Oxford: Oxford University Press. (Chapter 2: Reinhard H. Schmidt and Marcel Tyrell: What Constitutes a Financial System in General and the German Financial System in Particular?) 1
Session 7: November 30, 2011: Deeg, Richard (2010): Institutional Change in Financial Systems. In: Morgan, Glenn et al. (Eds.): The Oxford Handbook of Comparative Institutional Analysis. Oxford: Oxford University Press: 309-334. Part III: Comparing Capitalisms Regions/ Countries Session 8, 9, 10: December 2, 2011 from 2:15 pm to 7:30 pm in room 131 France: O'Sullivan, Mary (2007): Acting Out Institutional Change: understanding the recent transformation of the French financial system. Socio-Economic Review 5(3): 389-436. Japan: Jackson, Gregory (2009): The Japanese firm and its diversity. Economy and Society 38(4): 606-629. Asia: Hamilton, Gary G./ Biggart, Nicole Woolsey (2001): Market, Culture, and Authority: A Comparative Analysis of Management and Organization in the Far East. American Journal of Sociology 94 (Supplement: Organizations and Institutions: Sociological and Economic Approaches to the Analysis of Social Structure): 52-94. Italy: Trigilia, Carlo/ Burroni, Luigi (2009): Italy: rise, decline and restructuring of a regionalized capitalism. Economy and Society 38(4): 630-653. Session 11: December 7, 2011: Germany: Beyer, Jürgen/ Höpner, Martin (2003): The Disintegration of Organised Capitalism: German Corporate Governance in the 1990s. West European Politics 26(4): 179-198. Part IV: Comparing Capitalisms Critical Approaches Session 12: December 14, 2011: Fernando Campos-Medina A critical perspective from economic geography Session 13: December 21, 2011: Jackson, Gregory/ Deeg, Richard (2006): How Many Varieties of Capitalism? Comparing the Comparative Institutional Analyses of Capitalist Diversity. MPIfG Discussion Paper 06/2. Session 14: January 4, 2012: Streeck, Wolfgang. (2010): E Pluribus Unum? Varieties and Communalities of Capitalism. MPIfG Discussion Paper 10/12. Session 15: January 11, 2012: Hall, Peter A./ Thelen, Kathleen (2009): Institutional change in varieties of capitalism. Socio- Economic Review 7(1): 7-34. 2
Organizational questions Time/Place: Winter term 2011/12, Wednesday 2:15 pm to 3:45 pm, room SR 306 (CZS) Extra session: Friday, December 2, 2011 in room SR 131 (CZS) from 2:15 pm to 7:30 pm (three sessions) There will be no sessions on January 18, January 25 and February 1, 2012. Office hours: Thursday, 2:30pm to 3:30 pm (please contact me via email in advance), Bachstr. 18k, EG 008/Ostflügel, stefanie.hiss@uni-jena.de Reader: Please find the texts in DT Workspace. Please read the texts and bring them to the course. Additional literature will be given in the course. Participants are expected to show up on a regular basis and to read all the required material in advance of the sessions. To meet the requirements for earning a certificate (Schein) participants are encouraged to give a presentation of one of the topics (Referat) and to write a paper (Hausarbeit). Course language is English. Presentation: 15 to 20 minutes Repetition of the main argument of the obligatory text (shortly!!) Additional information: Explain concepts the text refers to, enrich the theory by own examples, express own critique ALSO, please: Prepare questions and chair the discussion or group work Prepare a handout and a presentation (e.g. power point) and upload both also to DT Workspace Please send your handout/ the presentation until Monday in advance of the session to Stefanie.hiss@uni-jena.de 3
Literature: Amable, Bruno 2003: The Diversity of Modern Capitalism. Oxford, Oxford University Press. Amable, Bruno/ Palombarini, Stefano 2009: A neorealist approach to institutional change and the diversity of capitalism. Socio-Economic Review 7(1): 123-143. Berger, Suzanne/ Dore, Ronald 1996: National Diversity and Global Capitalism. Ithaca: Cornell University Press. Beyer, Jürgen/ Höpner, Martin 2003: The Disintegration of Organised Capitalism: German Corporate Governance in the 1990s. West European Politics 26(4): 179-198. Boyer, Robert 2011: Are there laws of motion of capitalism? Socio-Economic Review 9: 59-81. Boyer, Robert 2005: How and why capitalisms differ. Economy and Society 34(4): 509-557. Coates, David 2002: Models of Capitalism. Cheltenham: Edward Elgar. Crouch, Colin 2005: Models of Capitalism. In: New Political Economy 10(4): 439-456. Crouch, Colin/ Schröder, Martin/ Voelzkow, Helmut 2009: Regional and sectoral varieties of capitalism. Economy and Society 38(4): 654-678. Crouch, Colin/ Streeck, Wolfgang 2000 (eds.): Political Economy of Modern Capitalism, London: Sage. Deeg, Richard 2009: The rise of internal capitalist diversity? Changing patterns of finance and corporate governance in Europe. Economy and Society 38(4): 552-579. Deeg, Richard 2007: Complementarity and institutional change in capitalist systems. Journal of European Public Policy 14(4): 611-630. Deeg, Richard/ Jackson, Gregory 2007: Towards a more dynamic theory of capitalist diversity. Socio-Economic Review 5(1): 149-179. Dore, Ronald 2000: Stock Market Capitalism: Welfare Capitalism. Japan and Germany versus the Anglo-Saxons. Oxford: Oxford University Press. Ebbinghaus, Bernhard/ Manow, Philip 2001 (eds.): Comparing Welfare Capitalism. Social Policy and Political Economy in Europe, Japan and the USA, London: Routledge. Hall, Peter A./ Soskice, David 2001: Varieties of Capitalism. The Institutional Foundation of Comparative Advantage. Oxford, Oxford University Press. Hall, Peter A./ Thelen, Kathleen 2009: Institutional change in varieties of capitalism. Socio- Economic Review 7(1): 7-34. Hamilton, Gary G./ Biggart, Nicole Woolsey 2001: Market, Culture, and Authority: A Comparative Analysis of Management and Organization in the Far East. American Journal of Sociology 94(Supplement: Organizations and Institutions: Sociological and Economic Approaches to the Analysis of Social Structure): S52-S94. Hancke, Bob 2009 (Ed.): Debating Varieties of Capitalism. A Reader. Oxford Oxford University Press. 4
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