Description
Discover the groundbreaking book 'Democracy and Prosperity' that offers a fresh perspective on the intricate relationship between advanced democracies and global capitalism. Written by celebrated political economists Torben Iversen and David Soskice, this 2019 publication from Princeton University Press challenges the prevailing narrative that democracy is in decline due to globalization. Instead, it presents a compelling argument that advanced democracies actually support and sustain capitalist economies, leading to prosperity for the middle class. Through a detailed historical analysis, the authors reveal how democratic nations continuously innovate their economies by investing in education and research, promoting competitive markets, and maintaining macroeconomic discipline. This book highlights the crucial role of well-paying jobs and social welfare systems in fostering stability and political support among families. Readers will gain insights into how democracy promotes shared economic growth and combats the threats of populism and inequality. 'Democracy and Prosperity' is essential reading for those who seek to understand the resilience of democratic states in a globalized economy. Perfect for students, academics, and anyone interested in political economy, this insightful work reshapes our understanding of modern democracy and capitalism.