fbpx The Shifting Relationship between Postwar Capitalism and Democracy - Peter Hall | Harvard Kennedy School

Excerpt

May 2021, Paper: "This paper argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood as movements across distinctive growth and representation regimes. Growth regimes are the institutionalized practices central to how a country secures economic prosperity based on complementary sets of firm strategies and government policies. Representation regimes reflect conditions in the arenas of electoral and producer group politics that confer influence on specific segments of the population. The emphasis is on how economic experiences and changes in the structure of electoral cleavages alter the terms of political contestation, thereby giving voice to specific sets of interests and altering the balance of influence between capitalism and democracy. The analysis examines how the growth and representation regimes of the developed democracies have changed through three postwar eras to yield distinctive distributive outcomes in each era." Read Via Scholarship at Harvard

Non-HKS Author Website - Peter Hall