Great Transformations

Economic Ideas and Institutional Change in the Twentieth Century

By: Mark Blyth

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Paperback | 16 September 2002

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298 Pages

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Mark Blyth argues that economic ideas are powerful political tools as used by domestic groups in order to effect change since whoever defines what the economy is, what is wrong with it, and what would improve it, has a profound political resource in their possession.

Blyth analyses the 1930s and 1970s, two periods of deep-seated institutional change that characterised the twentieth century. Viewing both periods of change as part of the same dynamic, Blyth argues that the 1930s labour reacted against the exigencies of the market and demanded state action to mitigate the market's effects by "embedding liberalism" and the 1970s, those who benefited least from such "embedding" institutions, namely business, reacted against these constraints and sought to overturn that institutional order.

In Great Transformations , Blyth demonstrates the critical role economic ideas played in making institutional change possible and he rethinks the relationship between uncertainty, ideas, and interests on how, and under what conditions, institutional change takes place.

About the Author

Mark Blyth is an assistant professor of political science at the Johns Hopkins University specialising in comparative political economy. He has taught at Columbia University, and at the University of Birmingham, UK. Blyth is a member of the editorial board of the Review of International Political Economy.

Industry Reviews

'Great Transformations is a significant book in at least two ways. First, it extends academic debate about the causes of change in wealthy capitalist countries in important ways ... Second, and more important, Great Transformations dissects profound changes in the state that leave many millions of individuals much more vulnerable ... Those hostile to granting ideas a role in political explanation will have to engage with Blyth's framework, the mark of an important scholarly work.' West European Politics

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Preface	p. vii
Acknowledgments	p. xi
Theory
Karl Polanyi and Institutional Change	p. 3
A Theory of Institutional Change	p. 17
Cases
Building American Embedded Liberalism	p. 49
Building Swedish Embedded Liberalism	p. 96
Disembedding Liberalism: Ideas to Break a Bargain	p. 126
Disembedding Liberalism in the United States	p. 152
Disembedding Liberalism in Sweden	p. 202
Conclusions
Conclusions	p. 251
Index	p. 277

Great Transformations

Economic Ideas and Institutional Change in the Twentieth Century

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Hardcover

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