Political Economy 304
Comparative and International Political Economy
Professor: Douglas Nelson
Office: Tilton 108 (Murphy Institute), Phone: 865-5317
Office Hours: Tuesday and Thursday, 3:30-5:30
Virtually all contemporary economies are characterized by extensive relations between the economic and political systems. Furthermore, these relations seem to involve often complex relations between the global, national, and subnational political economies. This fact is currently referred to as “globalization”. However, it is clear that globalization, whatever it is, has different effects on national (and sub-national) political economies. In this course, we will attempt to develop a historically and theoretically well-grounded analysis of the national political economy in its global context. Because time is finite, and there are other courses, we will focus primarily on advanced industrial democracies.
Readings for the course will be drawn from:
Dietrich Rueschemeyer, Evelyne Huber Stephens, and John Stephens (1993). Capitalist Development and Democracy. Chicago: University of Chicago Press. [RSS]
Evelyne Huber and John D. Stephens (2001). Development and Crisis of the Welfare State: Parties and Policies in Global Markets. Chicago: University of Chicago Press.
Herbert Kitschelt, Peter Lange, Gary Marks, and John Stephens, eds. (1999). Continuity and Change in Contemporary Capitalism. Cambridge: Cambridge University Press. [KLMS]
Susan Collins and Robert Lawrence, eds. (1999). Brookings Trade Forum–1999. Washington, DC: Brookings Institution. Out–only Bordo, Eichengreen, Irwin. [BTF]
In addition to the above items, there are several additional articles that are available online, either directly or on electronic reserve.
There is a substantial amount of reading, and everyone is responsible for completing the reading in a timely fashion (i.e. prior to it’s discussion in class). Do not try putting the reading off until just before class.
Evaluation: Your performance in this course will be evaluated on the basis of 2 examinations (worth points 100 each); and 3 reaction papers (worth 100 total points). To earn an A, you must earn at least 90 percent of the points available. To pass the course you must earn at least 60 percent of the points available. Grades between these limits will be determined on the basis of your performance relative to that of the class as a whole.
Examination format. Both exams will have the following format: about 40% short answer questions and about 60% essays. In general there will be more questions of both types than must be answered, so you will have some choice (though there is often one mandatory question which everyone must answer). Exams will be written in blue books, which you must supply.
Policy on examinations. The midterm exam will be given in class on 9 March. Unless you have a standard university accepted excuse for missing the exam (e.g. health with standard university form), you must take the exams at their scheduled time. The final examination will only be given on the scheduled date: Wednesday, 4 May, 8:00-12:00 (there will be no exceptions so do not make travel plans that conflict with this).
Reaction papers. The course is divided into four main topics (see syllabus). Every student must write a reaction paper on one subtopic (i.e. the readings for one week) in each of the three main topics. A reaction paper is a short paper discussing some aspect of the relevant reading, it is not a book report. In the reaction paper you must explicitly discuss the relevant reading and evaluate some central aspect of its discussion. Note: “evaluate” means that you must identify some central aspect of the books analysis, explain why you think this aspect is interesting/important, and present your evaluation of the author’s position (note that you must make an argument, simply asserting your agreement or disagreement will not be sufficient for a passing grade). The reaction papers are due in class on the first date scheduled for discussion of the readings (see syllabus), late papers will not be accepted and will earn a grade of zero.
PECN 304 SYLLABUS Spring 2005
● 1/10, Course Introduction: Globalization and Comparative PE
Topic I. The Modern Political Economy: industrial capitalism, nation state, and liberal democracy
● 1/12: The Nation State: Sovereignty and Democracy
■ Held, David (1995). “The Development of the Modern State”. In S. Hall and B. Gieben, Modernity: An Introduction to Modern Societies. Cambridge: Polity Press, pp. 55-89. [ERes]
■ Michael Mann (1988). “The Autonomous Power of the State: Its Origins, Mechanisms and Results”. In States, War, and Capitalism. Oxford: Blackwell, pp. 109-136.
● 1/19, Modern Capitalism: Disembedding the Market
■ Collins (1980). “Weber’s Last Theory of Capitalism: A Systematization”. American Sociological Review; V.45-#6, pp. 925-942.
● 1/24-1/26, Capitalism and Democracy
■ RSS, Chapters 2-4, and 7
Topic II. Taming the Market?: On Embedded Liberalism/Golden Age
● 1/31, The Golden Age of Embedded Liberalism
■ Polanyi (1944). “Man, Nature, and Productive Organization”. Chapter 11 of The Great Transformation. Boston: Beacon Press, pp. 130-134. [ERes]
■ Shonfield (1965). “The Argument in Brief”. Chapter IV in Modern Capitalism. London: Oxford University Press, pp. 61-67. [ERes]
■ Glynn, Hughes, Lipietz, and Singh (1990). “The Rise and Fall of the Golden Age”. In S. Marglin and J. Schor, eds. The Golden Age of Capitalism: Reinterpreting the Postwar Experience. New York: Oxford University Press, pp. 39-125. [optional]
● 2/2-2/9, Keynesian Macroeconomic Policy
■ Weir (1989). “Ideas and Politics: The Acceptance of Keynesianism in Britain and the United States”. In Peter Hall, ed. The Political Power of Ideas: Keynesianism across Nations. Princeton: Princeton University Press, pp. 53-86.
■ Blinder (1987). Chapters 2 & 3 from Hard Heads, Soft Hearts: Tough-Minded Economics for a Just Society. Reading: Addison-Wesley, pp. 32-108. [ERes]
● 2/14-1/16, Economic structure under embedded liberalism
■ Freeman, Richard and James Medoff (1979). “The Two Faces of Unionism”. Public Interest; #57, pp. 69-93.
■ L. Calmfors and J. Driffill (1988). “Bargaining Structure, Corporatism and Economic Performance”. Economic Policy; #6, pp. 14-61.
■ Nickell, Stephen (1997). “Unemployment and Labor Market Rigidities: Europe versus the United States”. Journal of Economic Perspectives; V.11-#3, pp. 55-74.
■ Soskice, in KLMS
■ Hall, in KLMS [optional, but very good]
● 2/21-2/23, Development of Modern Welfare States
■ Huber and Stephens, Chapters 1-5
Topic III. Globalization and the (Post?) Modern Political Economy
● 2/28-3/2, Globalization and Post-Modernism?
■ Bordo, Eichengreen and Irwin, in BTF
■ Simmons, in KLMS
■ Klausen, in KLMS
No Class: Monday, 7 March
Midterm: Wednesday, 9 March
● 3/14, Globalization and Stabilization Policy
■ Obstfeld (1998). “The Global Capital Market: Benefactor or Menace?”. Journal of Economic Perspectives; V.12-#4, pp. 9-30.
■ Garrett, Geoffrey (1998). “Global Markets and National Politics: Collision Course or Virtuous Circle?”. International Organization; V.52-#4, pp. 787-824.
● 3/16, Globalization and Fiscal/Redistribution Policy
■ Steinmo, Sven (1994). “The End of Redistribution? International Pressures and Domestic Tax Policy Choices”. Challenge; V.37-#6, pp. 9-18.
■ Garrett, Geoffrey (2001). “Globalization and Government Spending Around the World”. Studies in Comparative International Development; V.35-#4, pp. 3-29.
■ Moene and Wallerstein, in KLMS
● 3/28-3/30, Politics of Labor and Labor Markets
■ Streeck, Wolfgang (1993). “The Rise and Decline of Neocorporatism”. In Lloyd Ullman, Barry Eichengreen, and William Dickens, eds. Labor and an Integrated Europe. Washington, DC: Brookings, pp. 80-101. [ERes]
■ Golden, Wallerstein, and Lange, in KLMS
● 4/4, Globalization and National Politics: Preferences
■ Esping-Andersen, in KLMS
■ Kriesi, in KLMS
■ Frieden, Jeffry (1991). “Invested Interests: Politics of National Economic Policies in a World of Global Finance”. International Organization; V.45-#4, pp. 425-451.
● 4/6, Globalization and National Politics: Organization
■ Kitschelt, in KLMS
■ Kersbergen, in KLMS
■ King and Wood, in KLMS
● 4/11-4/13, Welfare States in Crisis
■ Huber and Stephens, Chapters 6-8
Topic IV. International Political Economy of Globalization
● 4/18-4/20, End of the Nation-State, Beginning of Something Else?
■ Michael Mann (1997). “Has Globalization Ended the Rise and Rise of the Nation-State”. Review of International Political Economy; V.4-#3, pp. 472-496.
■ Ruggie, John (1982). “International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar International Order”. International Organization; V.36-#2, pp. 379-415.
■ Kindleberger, Charles (1986). “International Public Goods without International Government”. American Economic Review; V.76-#1, pp. 1-13.
■ Jackson, John (1998). “Global Economics and International Economic Law”. Journal of International Economic Law; V.1-#1, pp. 1-23.
■ Slaughter, Anne-Marie (1995). “International Law in a World of Liberal States”. European Journal of International Law; V.6-#4, pp. 503-538. [optional]
● 4/25-4/27, Global Civil Society, Global Order, Global Governance?
■ Held, David (2000). “Regulating Globalization”. In D. Held and A. McGrew, eds. The Global Transformations Reader. Cambridge: Polity, pp. 420-430. [Optional]
■ Cox, Robert (1999). “Civil Society at the Turn of the Millennium: Prospects for an Alternative World Order”. Review of International Studies; V.25-#1, pp. 3-28.
■ Scholte, Jan Aart (2002). “Civil Society and Democracy in Global Governance”. Global Governance; V.8-#3, pp. 281-303.
■ Amoore, Louise and Paul Langley (2004). “Ambiguities of Global Civil Society”. Review of International Studies; V.30-#1, pp. 89-110.
■ Simmons, Beth and Zachary Elkins (2004). “The Globalization of Liberalization: Policy Diffusion in the International Political Economy”. American Political Science Review; V.98-#1, pp. 171-189.
Final Examination: Wednesday, 4 May, 8:00am.