Diversity of Contemporary Capitalism

The major focus of the course is on the role of institutions, as key determinants of the diversity of capitalism co-existing in the Western hemisphere. The course relies on a comparative analysis of economic performance within the triad of Europe, Japan, and the USA; at the same time it involves a comparison of economic performance and institutions within the European Union alone, and in particular between its old and new members, i.e. transition economies.

This course offers an interdisciplinary approach - it combines multiple perspectives including the micro- and macroeconomics, welfare economics, public finance and - in particular - the evolutionary economics and new institutional economics. The course provides a broad survey of some of the major economic debates today, focusing especially on the creation, evolution and reform of formal institutions. The course focuses above all on how social and political forces shaped the development of the economic policies aimed at securing economic growth and employment and of social policies aimed at providing social security, combating poverty, and affecting redistribution

In particular, the course objectives include the following:

1. to highlight the heterogeneous nature of capitalism (market economy) and discuss its legacy,

2. to discuss and analyze the importance of institutions as determinants of economic performance (vis-a-vis macroeconomic policy),

3. to get to know the idea of efficiency of institutions and strong links between efficiency and political economy issues,

4. to understand similarities and differences in existing taxonomies regarding varieties (models) of capitalism, today and in the past,

5. to emphasize the peculiar nature of systemic transformation that - inter alia - results in a limited applicability of standard institutional frameworks in transition countries,

6. to discuss and outline the emerging varieties of capitalism in former socialist countries.

Literatura podstawowa:

1. B. Amable, The Diversity of Modern Capitalism, Oxford University Press, Oxford 2003.

2. P. Hall and D. Soskice (ed.), Varieties of Capitalism. The Institutional Foundations of Comparative Advantage, Oxford University Press, Oxford 2001.

3. R. Rapacki (ed.), Diversity of Patchwork Capitalism in Central and Eastern Europe, Routledge, London, New York 2019.

Literatura uzupełniająca:

1. B. Hancké, Debating Varieties of Capitalism - a Reader, Oxford: Oxford University Press 2009.

2. D. Lane and M. Myant (eds.), Varieties of Capitalism in Post-Communist Countries, Basingstoke: Palgrave 2007.

3. M. Myant and J. Drohokoupil, Transition Economies: Political Economy in Russia, Eastern Europe and Central Asia, John Wiley & Sons 2011.

4. M. Próchniak et al., The Emerging Varieties of Capitalism in CEE11 Countries - a Tentative Comparison with Western Europe, "Warsaw Forum of Economic Sociology", No. 7:2(14), Autumn 2016.

5. R. Rapacki and A. Czerniak, Emerging models of patchwork capitalism in Central and Eastern Europe: empirical results of subspace clustering, ?International Journal of Management and Economics?, 54(4) 2018, pp. 251-268.

6. A. Sapir, Globalization and the Reform of European Social Models, "Journal of Common Market Studies", 2006, Volume 44, Number 2, pp. 369-390.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

referaty/eseje: 30.00%

inne: 20.00%

The major focus of the course is on the role of institutions, as key determinants of the diversity of capitalism co-existing in the Western hemisphere. The course relies on a comparative analysis of economic performance within the triad of Europe, Japan, and the USA; at the same time it involves a comparison of economic performance and institutions within the European Union alone, and in particular between its old and new members, i.e. transition economies.

This course offers an interdisciplinary approach - it combines multiple perspectives including the micro- and macroeconomics, welfare economics, public finance and - in particular - the evolutionary economics and new institutional economics. The course provides a broad survey of some of the major economic debates today, focusing especially on the creation, evolution and reform of formal institutions. The course focuses above all on how social and political forces shaped the development of the economic policies aimed at securing economic growth and employment and of social policies aimed at providing social security, combating poverty, and affecting redistribution

In particular, the course objectives include the following:

1. to highlight the heterogeneous nature of capitalism (market economy) and discuss its legacy,

2. to discuss and analyze the importance of institutions as determinants of economic performance (vis-a-vis macroeconomic policy),

3. to get to know the idea of efficiency of institutions and strong links between efficiency and political economy issues,

4. to understand similarities and differences in existing taxonomies regarding varieties (models) of capitalism, today and in the past,

5. to emphasize the peculiar nature of systemic transformation that - inter alia - results in a limited applicability of standard institutional frameworks in transition countries,

6. to discuss and outline the emerging varieties of capitalism in former socialist countries.

Literatura podstawowa:

1. B. Amable, The Diversity of Modern Capitalism, Oxford University Press, Oxford 2003.

2. P. Hall and D. Soskice (ed.), Varieties of Capitalism. The Institutional Foundations of Comparative Advantage, Oxford University Press, Oxford 2001.

3. R. Rapacki (ed.), Diversity of Patchwork Capitalism in Central and Eastern Europe, Routledge, London, New York 2019.

Literatura uzupełniająca:

1. B. Hancké, Debating Varieties of Capitalism - a Reader, Oxford: Oxford University Press 2009.

2. D. Lane and M. Myant (eds.), Varieties of Capitalism in Post-Communist Countries, Basingstoke: Palgrave 2007.

3. M. Myant and J. Drohokoupil, Transition Economies: Political Economy in Russia, Eastern Europe and Central Asia, John Wiley & Sons 2011.

4. M. Próchniak et al., The Emerging Varieties of Capitalism in CEE11 Countries - a Tentative Comparison with Western Europe, "Warsaw Forum of Economic Sociology", No. 7:2(14), Autumn 2016.

5. R. Rapacki and A. Czerniak, Emerging models of patchwork capitalism in Central and Eastern Europe: empirical results of subspace clustering, ?International Journal of Management and Economics?, 54(4) 2018, pp. 251-268.

6. A. Sapir, Globalization and the Reform of European Social Models, "Journal of Common Market Studies", 2006, Volume 44, Number 2, pp. 369-390.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

referaty/eseje: 30.00%

inne: 20.00%

The major focus of the course is on the role of institutions, as key determinants of the diversity of capitalism co-existing in the Western hemisphere. The course relies on a comparative analysis of economic performance within the triad of Europe, Japan, and the USA; at the same time it involves a comparison of economic performance and institutions within the European Union alone, and in particular between its old and new members, i.e. transition economies.

This course offers an interdisciplinary approach - it combines multiple perspectives including the micro- and macroeconomics, welfare economics, public finance and - in particular - the evolutionary economics and new institutional economics. The course provides a broad survey of some of the major economic debates today, focusing especially on the creation, evolution and reform of formal institutions. The course focuses above all on how social and political forces shaped the development of the economic policies aimed at securing economic growth and employment and of social policies aimed at providing social security, combating poverty, and affecting redistribution

In particular, the course objectives include the following:

1. to highlight the heterogeneous nature of capitalism (market economy) and discuss its legacy,

2. to discuss and analyze the importance of institutions as determinants of economic performance (vis-a-vis macroeconomic policy),

3. to get to know the idea of efficiency of institutions and strong links between efficiency and political economy issues,

4. to understand similarities and differences in existing taxonomies regarding varieties (models) of capitalism, today and in the past,

5. to emphasize the peculiar nature of systemic transformation that - inter alia - results in a limited applicability of standard institutional frameworks in transition countries,

6. to discuss and outline the emerging varieties of capitalism in former socialist countries.

Literatura podstawowa:

1. B. Amable, The Diversity of Modern Capitalism, Oxford University Press, Oxford 2003.

2. P. Hall and D. Soskice (ed.), Varieties of Capitalism. The Institutional Foundations of Comparative Advantage, Oxford University Press, Oxford 2001.

3. R. Rapacki (ed.), Diversity of Patchwork Capitalism in Central and Eastern Europe, Routledge, London, New York 2019.

Literatura uzupełniająca:

1. B. Hancké, Debating Varieties of Capitalism - a Reader, Oxford: Oxford University Press 2009.

2. D. Lane and M. Myant (eds.), Varieties of Capitalism in Post-Communist Countries, Basingstoke: Palgrave 2007.

3. M. Myant and J. Drohokoupil, Transition Economies: Political Economy in Russia, Eastern Europe and Central Asia, John Wiley & Sons 2011.

4. M. Próchniak et al., The Emerging Varieties of Capitalism in CEE11 Countries - a Tentative Comparison with Western Europe, "Warsaw Forum of Economic Sociology", No. 7:2(14), Autumn 2016.

5. R. Rapacki and A. Czerniak, Emerging models of patchwork capitalism in Central and Eastern Europe: empirical results of subspace clustering, ?International Journal of Management and Economics?, 54(4) 2018, pp. 251-268.

6. A. Sapir, Globalization and the Reform of European Social Models, "Journal of Common Market Studies", 2006, Volume 44, Number 2, pp. 369-390.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

referaty/eseje: 30.00%

inne: 20.00%