Programmes

Capitalism, Democracy and Equality: The Political Economy of the Advanced Nations

  • Summer schools
  • Department of Government
  • Application code SS-IR102
  • Starting 2019
  • Short course: Open
  • Location: Houghton Street, London

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. 


Session: Two
Dates: 8 July – 26 July 2019
Lecturers: Dr Jonathan Hopkin and Dr David Woodruff
Prerequisites: None


 

Programme details

Key facts

Level: 100 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: One examination and one essay

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)


*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment

Prerequisites

None.

Programme structure

  • Introduction: Government and the Market in the Advanced Nations
  • Models of Capitalism: Institutions and Inequality
  • Understanding Diversity: The Political Origins of Capitalism
  • The Keynesian Model and the Growth of the State
  • The Neoliberal Fightback and the Survival of Welfare
  • Democratic Institutions and Economic Inequality
  • Reforming the Welfare State
  • The Rise of Inequality
  • The Politics and Economics of Market Bubbles
  • The Credit Crunch and the Politics of Austerity
  • Central Banking and Democracy
  • Responses to Crisis: Capitalism versus Democracy?

Course outcomes

The course presents 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.

Teaching

LSE’s Department of Government is home to some of the most internationally respected experts in politics and government, producing influential research that has a global impact on policy. The Department has always been able to take advantage of its prominent position within the London School of Economics and Political Science, the largest and most important European institution specialising solely in the social sciences. The Department has a strongly cosmopolitan character and alumni can be found in the world's leading political science departments, as well as in journalism, commerce, central and local government, and non-governmental organisations globally.

The 2014 Research Assessment Exercise ranked the LSE Government and International Relations Departments' joint submission first in the UK for the percentage of its research graded world leading or internationally excellent (88%). LSE also came top in the Politics and International Studies REF panel in terms of the most research publications graded “world leading” (4*); the absolute number of top-rated research outputs. LSE’s Department of Government ranked 5th in the world in the 2018 QS World University ranking for Politics and International Studies.

On this three-week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s government faculty.

Reading materials

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

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