Even after two decades of research on globalization, we still face open questions about the interplay between national capitalist nstitutions and transnational economic governance. How does embeddedness into transnational institutions influence national capitalist orders? How do national...

Flexible markets require flexible societies; humans, however, need a stable social order. According to received wisdom, when capitalist development razes traditional social structures, society fights back, and welfare state policies organize new stability to replace the old. More market produces...