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  1. Article

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    The antecedents of MNC political risk and uncertainty under right-wing populist governments

    Right-wing populist parties who obtain governmental power rely on ethno-nationalist mobilization for domestic legitimacy. They may therefore adopt policies that explicitly seek to disadvantage foreign multinat...

    Dorottya Sallai, Gerhard Schnyder in Journal of International Business Policy (2024)

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    Chapter

    Fordism and Embedded Liberalism: The Economic Order Between World War II and the 1970s

    Chapter 13 explains how the Fordist mode of production in combination with the multilateral system of “embedded liberalism” led to a specific phase of industrial capitalist development between 1945 and 1973. T...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Capitalist Diversity in High-Income Economies

    Chapter 3 presents the main empirical differences between liberal and coordinated types of capitalism, with a particular focus on the USA and the UK, respectively, Germany and Austria. It starts from the theor...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    The Coming Phase of Capitalism: An Age of State Capitalism and Populism?

    Chapter 15 invites theory-based and empirically founded speculation about the coming phase of capitalist development. Against this background, the chapter outlines the contours of state capitalism as a possibl...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Theoretical Foundations of International Political Economy

    International Political Economy expands the perspective of Comparative Political Economy to include transnational economic relations, foreign economic policy, and international economic institutions. Chapter 5...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Trade and Markets

    The ideal of free markets is a cornerstone of many beliefs about modern economies. Chapter 7 shows, however, that markets are only one way of distributing goods and services and that the functioning of the mar...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Labor and Migration

    The social division of labor and the relationship between capital and labor are at the core of capitalism. Chapter 9 introduces these aspects and discusses national differences in the institutional design of l...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Welfare, Inequality, and Social Reproduction

    International Political Economy is not only concerned with the visible sphere of production, but also with the less visible—but equally vital—sphere of reproduction. Chapter 10 begins by explaining the latter’...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Theoretical Foundations of Historical Political Economy

    Historical political economy extends comparative and international political economy with a view to overarching processes and dynamics in specific historical phases. Against this background, Chapter 12 present...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Theoretical Foundations of Comparative Political Economy

    Chapter 2 presents the most important theoretical perspectives of comparative political economy in their historical context. The chapter starts from a definition of capitalism as a geographically and historica...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Globalization, Financialization, and Neoliberalism: The Economic Order of the 1980s to 2010s

    Chapter 14 shows how the world economic order has been increasingly shaped by a financialized mode of production since the mid-1970s, accompanied by a trend toward globalization and secured by neoliberal polit...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Capitalist Diversity in Emerging Economies

    Chapter 4 applies the previously introduced categories of comparative capitalism research to distinguish between four types of capitalism in emerging economies. In doing so, the chapter focuses primarily on ta...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Money and Financial Systems

    Chapter 6 elaborates on the role of money and financial systems in the capitalist economic cycle. It counters notions of money as a neutral “lubricant” with a political understanding of financial and monetary ...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Production and Corporations

    Innovation and production are central challenges for the organization of modern capitalism. Chapter 8 outlines these and discusses the emergence of the modern company as a central vehicle for innovation, often...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Book

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    Chapter

    Climate and the Environment

    Chapter 11 sets out the economic organizational problems and distributional conflicts associated with the appropriation of natural resources and, above all, an unfolding climate crisis. In particular, it focus...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Introduction

    Chapter 1 discusses the basic premises of political economy. It proposes a “pre-disciplinary” understanding of it, as was common until the emergence of the separate disciplines of political science, sociology,...

    Christian May, Daniel Mertens, Andreas Nölke, Michael Schedelik in Political Economy (2024)

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    Chapter

    Introduction: Why “Second Image IPE”?

    The notion of “Second Image IPE” is based on Kenneth Waltz's classical distinction between the first, second, and third image in the analysis of international relations. Whereas the first image looks at the pe...

    Andreas Nölke in Second Image IPE (2023)

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    Chapter

    Security

    Radical export-led economic models are unusual because they lead to a domestic standard of living that is lower than necessary. In a second image reversed-perspective, the origin of the German export-led growt...

    Andreas Nölke in Second Image IPE (2023)

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    Chapter

    Regional Integration

    Supranational regional integration in the European Union is a particularly important field for Second Image IPE, given the strong interactions between national models of capitalism and the supranational level....

    Andreas Nölke in Second Image IPE (2023)

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