This book examines current theories of institutional change. The chapters highlight the limitations of these theories. Instead a model emerges of contemporary political economies developing in incremental but cumulatively transformative processes. (Provided by publisher)

Crisis, austerity, and the neoliberal turn -- The architects of austerity -- The question of growth in a global economy -- Opening and closing the door on the Italian left -- The erratic march of Labour -- Global finance and the U.S. growth agenda -- Guns, butter, and gold -- Globalization,...

Today FDR's New Deal is regarded as the democratic ideal, the positive American response to the economic crisis that propelled Germany and Italy toward Fascism. Yet in the 1930s, these regimes were hardly considered antithetical. Cultural historian Schivelbusch investigates their shared elements...