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About this product
- DescriptionBetween 1980 and 1985, the French ecomy and industry faced a dramatic crisis; in the ten years that followed, it witnessed a remarkable revival. How did the French ecomy make this transition? While the state is still an important ecomic agent in France, and the market certainly has become more central in the organization of the French ecomy, both state- and market-centered perspectives fail to understand critical elements of this adjustment. Building on the new Varieties of Capitalism approach in political ecomy which puts firms at the center of the analysis, this book argues that the post-war, state-led system changed into a system organized by and around the large firms. Large firms have always been central in the French post-war ecomic development model. In the past, however, they adapted to patterns set by the central state. By exploiting the possibilities in government policies in different areas such as finance, labour relations, and regional policies, the large firms were able to induce their main interlocutors - the state, banks, labour unions, workers, and small firms - to adjust in a way which was congruent with their own interests. From subservient ecomic agents, they became the drivers of ecomic adjustment. Through this case study of readjustment in France, this book offers a subtle critique of neo-institutionalist perspectives on firms. Institutional frameworks do t simply offer scenarios for adjustment, but are themselves constructions of ecomic and political actors and therefore subject to change and reorganization. By analysing how large firms in France, arguably one of the least likely places to harbour such endogeus capacities, changed their institutional environment to fit their own needs, this book offers an important new perspective on the political ecomy of industrial and ecomic change.
- Author BiographyBob Hancke studied Sociology at the Free University of Brussels and Political Economy at MIT. From 1994 to 2000 he was a research fellow at the Wissenschaftszentrum in Berlin. His research interests are the comparative analysis of economic and industrial restructuring in advanced capitalist countries; the comparative analysis of labour relations systems and trajectories of economic adjustment in advanced capitalist countries; EMU, wage bargaining systems, and macro-economic policy.
- Author(s)Bob Hancke
- PublisherOxford University Press
- Date of Publication25/07/2002
- SubjectEconomics: Professional & General
- Place of PublicationOxford
- Country of PublicationUnited Kingdom
- ImprintOxford University Press
- Content Notenumerous tables
- Weight494 g
- Width162 mm
- Height242 mm
- Spine18 mm
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