Most accounts of business coordination assume historically given conditions for this to emerge. Business coordination is therefore difficult, perhaps impossible, to construct endogenously. This paper examines a process of 'endogenous coordination' through an analysis of reindustrialization and...

Books reviewed: Wade Jacoby, Imitation and Politics: Redesigning Modern Germany Bernhard Ebbinghaus and Jelle Visser, (eds.) Trade Unions in Western Europe since 1945 Jeremy Waddington and Reiner Hoffman, (eds.) Trade Unions in Europe: Facing Challenges and Searching for Solutions Martyn Wright,...

Books reviewed in this article: Peter A. Hall and David Soskice (eds.), Varieties of Capitalism: The Institutional Foundations of Comparative Advantage Robert E. Goodwin, Bruce Headey, Ruud Muffels and Henk-Jan Dirven, The Real Worlds of Welfare Capitalism Francine D. Blau and Lawrence M. Kahn,...

Books reviewed: Employment with Human Face: Balancing Efficiency, Equity, and Voice by John W. Budd. ILR Press, an imprint of Cornell University Press, Ithaca and London, 2004. Workplace Justice Without Unions by Hoyt B. Wheeler, Brian S. Klaas and Douglas M. Mahony. W.E. Upjohn Institute for...

Excessive fiscal spending is commonly cited as a primary cause of the current European sovereign debt crisis. We develop an alternative hypothesis which better accounts for systemic differences towards EMU countries' exposure to market speculation: the rise of competitiveness imbalances which...

What explains the shift from the moderate to high inflation rates of the Golden Age of post-war capitalism to the low inflation regime of monetarism in the 1970s and 1980s? Conventional views emphasise the rise of monetarism as a new economic paradigm that convinced policy makers to delegate...

Although the operation of national coordinated wage-bargaining systems in EMU has produced low inflation rates, EMU-wide inflation has been above the ECB target rate for the last 3 years. By contrast, under the ERM, inflation rates declined steadily after 1992 to below 2 per cent in both the...