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Is cohesive capitalism under threat?
[‘The European Trust Crisis and the Rise of Populism’]

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  • Timothy Besley

Abstract

This paper argues that a distinctive form of capitalism, cohesive capitalism, emerged in the post-war period supporting the wellbeing of its citizens through building state capacities alongside open and democratic forms of government. The paper identifies a range of threats that this model now faces and speculates on what it would take, particularly in terms of international cooperation, to respond to them.

Suggested Citation

  • Timothy Besley, 2021. "Is cohesive capitalism under threat? [‘The European Trust Crisis and the Rise of Populism’]," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 37(4), pages 720-733.
    • Handle: RePEc:oup:oxford:v:37:y:2021:i:4:p:720-733.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grab027
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    References listed on IDEAS

    as
    1. Timothy Besley & Torsten Persson, 2011. "The Logic of Political Violence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(3), pages 1411-1445.
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    More about this item

    Keywords

    state capacity; cohesive capitalism;

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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