This course introduces students to the complex and conflictual relationship between democracy and capitalism in the advanced market economies (North America, Europe, Australasia and Japan). The focus of the course is on the different ways in which democratic states have sought to promote economic growth and redistribute resources in favour of different political interests. The course presents some key concepts and theories of comparative political economy, and uses them to compare institutions, policies and outcomes across countries and over time.
The aim is to understand why some advanced countries have grown faster than others, why some are more unequal than others, why countries have addressed common international pressures in such different ways, and how they have responded to the current crisis. Key areas of enquiry include the growth of the public sector, the structure of the welfare state, the role of electoral and party politics, the politics of monetary and fiscal policy, the distribution of income and capital, and the consequences of the current crisis.
World-class LSE teaching
With a vibrant research culture, the LSE Department of International Relations is one of the oldest and largest in the world, and remains a leading world centre for the development of the subject. Its reputation for international excellence was recognised in the most recent National Research Assessment Exercise when the International Relations and Government Departments, received one of the highest rankings.
On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE.
Esping-Andersen, Goesta (1990). Three Worlds of Welfare Capitalism. Cambridge: Polity.
Hall, Peter and David Soskice (eds.) (2001). Varieties of Capitalism. Oxford: Oxford University Press.
Glyn, Andrew (2006). Capitalism Unleashed. Oxford: Oxford University Press.
Crouch, Colin (2011). The Strange Non-Death of Neoliberalism. Cambridge: Polity.
Blyth, Mark (2013). Austerity. The History of a Dangerous Idea. New York: Oxford University Press.
Piketty, Thomas (2014). Capital in the Twenty-First Century, Cambridge MA: Belknapp
*A more detailed reading list will be supplied prior to the start of the programme
**Course content, faculty and dates may be subject to change without prior notice