Comparative Political Economies of the OECD
Winter Term 1996
Erik Jones
Department of International Relations and European Studies
Central European University

Course Description

The purpose of this course is to examine different patterns of economic organization and econoimc policy-making in OECD countries. Students will be expected to compare and contrast 'versions' of liberalism and social democracy, to understand the role of institutions in economic performance and in economic adjustment.

Students will meet three hours per week with an equal division of time between lecture and seminar. Lectures will be devoted to the presentation of theoretical materials, and seminars will incorporate specific national and/or historical case studies.

Students will be asked to prepare required readings (c. 100 pages / session), and will be given the option of preparing additional readings as well. Though highly recommended, preparation of additional readings is not necessary for satisfactory participation in the course.

Course grades will be based on an original research paper (70 percent) and a final examination (30 percent). The research paper will be approximately 7500 words in length. The final examination will last one hour, and will be closed book.


Week 1: National Integration and the Economic Role of the State.
Keynes (1964); Myrdal (1956); Gourevitch (1986).

Week 2: Institutions and Responsibilities I -- Monetary Authority.

Bryant (1980); Minsky (1986); Zysman (1983).

Week 3: Institutions and Responsibilities II -- Fiscal Authority.

Boltho (1982); Lawrence and Schultze (1987); Monti (1989).

Week 4: Institutions and Responsibilities III -- Industrial Authority.
Katzenstein (1985); Flannagan et al. (1983); Streeck (1992).

Week 5: The British Economy -- The Consequences of Decline.
Hall (1986); Peden (1991); Cairncross (1992).

Week 6: The US Political Economy -- Setting the Pattern or Breaking the Mould?
Calleo (1992); Galbraith (1984).

Week 7: The German Political Economy -- Sozialmarktwirtschaft.
Katzenstein (1989); Reich (1990); Markovits (1982).

Week 8: The French Political Economy -- Dirigisme.
Adams (1986); Hall (1986).

Week 9: The Japanese Political Economy -- Rapid Industrialization and Development.

Week 10: Small States in World Markets
Katzenstein (1985); Esping-Anderson (1985); Jones (1995).

Week 11: Crisis in the Political Economy -- Rethinking the Economic Role of the State.
Therborn (1986); Calleo and Morgenstern (1990); Chilcote (1992).


Adams, (1986). French Industrial Policy.
Boltho, Andrea editor (1982). The European Economy: Growth and Crisis. Oxford: Oxford University Press.
Bryant, Ralph C. (1980). Money and Monetary Policy in Interdependent Nations. Washington, D.C.: IMF.
Cairncross, Alec (1992). The British Economy Since 1945. Oxford: Blackwell.
Calleo, David P. (1992). The Bankrupting of America: How the Federal Deficit is Impoverishing the Nation. New York: William Morrow.
Calleo, David P. and Claudia Morgenstern editors (1990). Recasting Europe's Economies: National Strategies in the 1980s. Lanham: University Press of America.
Chilcote, Ronald H. (1994). Theories of Comparative Politics: The Search for a Paradigm Reconsidered. Boulder: Westview Press, second edition.
Esping-Andersen, Gøsta (1985). Politics Against Markets: The Social Democratic Road to Power. Princeton: Princeton University Press.
Flannagan, Robert J. et al. (1983). Unionism, Economic Stabilization and Incomes Policies: European Experience. Washington, D.C.: IMF.
Galbraith, John Kenneth (1984). The Affluent Society. New York: Penguin.
Gourevitch, Peter (1986). Politics in Hard Times: Comparative Responses to Economic Crises. Ithaca: Cornell University Press.
Hall, Peter A. (1986). Governing the Economy: The Politics of State Intervention in Britain and France. New York: Oxford University Press.
Jones, Erik (1995). "Economic Adjustment and the Political Formula: Strategy and Change in Belgium and the Netherlands." Washington, D.C.: Nitze SAIS, doctoral dissertation.
Katzenstein, Peter (1984). Corporatism and Change: Austria, Switzerland, and the Politics of Industry. Ithaca: Cornell University Press.
Katzenstein, Peter (1985). Small States in World Markets: Industrial Policy in Europe. Ithaca: Cornell University Press.
Katzenstein, Peter editor (1989). Industry and Politics in West Germany: Toward the Third Republic. Ithaca: Cornell University Press.
Keman, Hans et al. (1987). Coping with Economic Crisis: Alternative Responses to Economic Recession in Advanced Industrial Societies. London: Sage.
Keynes, John Maynard (1964). The General Theory of Employment, Interest and Money. New York: Harcourt, Brace and World.
Kurzer, Paulette (1993). Business and Banking: Political Change and Economic Integration in Western Europe. Ithaca: Cornell University Press.
Lawrence, Robert Z. and Charles L. Schultze editors (1987). Barriers to European Growth: A Transatlantic View. Washington, D.C.: Brookings Institution.
Markovits, Andrei S. editor (1982). The Political Economy of West Germany: Modell Deutschland. New York: Praeger.
Minsky, Hyman (1986). Stabilizing the Unstable Economy. New Haven: Yale University Press.
Monti, Mario editor (1989). Fiscal Policy, Economic Adjustment, and Financial Markets. Washington, D.C.: IMF.
Myrdal, Gunnar (1956). An International Economy. New Haven: Yale University Press.
Peden, G. C. (1991). British Economic and Social Policy: Lloyd George to Margaret Thatcher. London: Philip Allan, Second Edition.
Reich, Simon (1990). The Fruits of Fascism: Postwar Posterity in Historical Perspective. Ithaca: Cornell University Press.
Therborn, Göran (1986). Why Some Peoples are More Unemployed than Others. London: Verso.

CRC-Curriculum Resource Center
CEU Budapest, Hungary
Modified: April, 1996


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