Reading List GV4E2

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Section 1: Introduction

Week 2 -- 18 January: General Issues on Democracy (Woodruff) 

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The item in this row of the table is only accessible from the Library. Schumpeter, Joseph A. Capitalism, Socialism, and Democracy. New York: Harper & Row, 1975. Pp. 250-283  
The item in this row of the table is accessible off campus. Holmes, Stephen. "Precommitment and the Paradox of Democracy." In Constitutionalism and Democracy, ed. Jon Elster, 195-240. Cambridge: Cambridge University Press, 1988. E-pack

Week 3 -- 25 January: General Issues on the State (Hopkin)

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North, Douglass C. "A Framework for Analyzing the State in Economic History." Explorations in Economic History 16, no. 3 (1979): 249-259. LSE Resource
The item in this row of the table is accessible off campus. Hardin, Russell. "Economic Theories of the State." In Perspectives on Public Choice: A Handbook, ed. D.. Mueller, 21-34. Cambridge: Cambridge University Press, 1997. E-pack
The item in this row of the table is accessible off campus. Olson, Mancur. "Dictatorship, Democracy, and Development." The American Political Science Review 87, no. 3 (1993): 567-576. LSE Resource
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McLean, Iain. "Review Article: The Divided Legacy of Mancur Olson." British Journal of Political Science 30, no. 04 (2000): 651-668.

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Section 2: To What Extent Does Democracy Undermine or Support Capitalism?

 

Week 4 -- 1 February: General Issues (Woodruff)

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Mill, John Stuart. Considerations on Representative Government, 1861.  Chapter VIII, Sections 1 & 2.

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Lindblom, Charles E. "The Market as Prison." The Journal of Politics 44, no. 2 (1982): 324-336. 

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Offe, Claus. "Competitive Party Democracy and the Keynesian Welfare State: Factors of Stability and Disorganization." Policy Sciences 15, no. 3 (1983): 225-246

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Meltzer, Allan H., and Scott F. Richard. "Why Government Grows (and Grows) in a Democracy." Public Interest, no. 52 (1978): 111-118.

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Lindert, Peter H. "Voice and Growth: Was Churchill Right?" The Journal of Economic History 63, no. 02 (2003): 315-350.

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Week 5 -- 8 February: Central Bank Independence (Woodruff)

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Stiglitz, Joseph E. "Central Banking in a Democratic Society." De Economist 146, no. 2 (1998): 199-226.

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McNamara, Kathleen R. "Rational Fictions: Central Bank Independence and the Social Logic of Delegation." West European Politics 25, no. 1 (2002): 47-76.

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Johnson, Juliet. "Two-Track Diffusion and Central Bank Embeddedness: The Politics of Euro Adoption in Hungary and the Czech Republic." Review of International Political Economy 13, no. 3 (2006): 361-386.

LSE Resource
The item in this row of the table is accessible off campus. Boylan, Delia M. "Preemptive Strike: Central Bank Reform in Chile's Transition from Authoritarian Rule." Comparative Politics 30, no. 4 (1998): 443-462. LSE Resource
Supplemental Reading
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Broz, J. Lawrence. The International Origins of the Federal Reserve System. Ithaca, N.Y.: Cornell University Press, 1997.

  
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Livingston, James. Origins of the Federal Reserve System: Money, Class, and Corporate Capitalism, 1890-1913. Ithaca: Cornell University Press, 1986.

  

Week 6 -- 15 February: Welfare States (Hopkin)

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Esping-Andersen, Gosta (1990), The Three Worlds of Welfare Capitalism. Cambridge: Polity Press.  Selections.

  
The item in this row of the table is accessible off campus. Hibbs, Douglas A., Jr. "Political Parties and Macroeconomic Policy." The American Political Science Review 71, no. 4 (1977): 1467-1487. LSE Resource
Lindert, Peter H. "Why the Welfare State Looks Like a Free Lunch." NBER Working Paper No. 9869.  Cambridge MA: NBER, 2003. LSE Resource

Week 7 -- 22 February: Property Rights (Woodruff)

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Beard, Charles A. An Economic Interpretation of the Constitution of the United States: McMaster University Archive for the History of Economic Thought, 1913.  Chapter 6.  

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North, Douglass C., and Barry R. Weingast. "Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England." The Journal of Economic History 49, no. 4 (1989): 803-832. 

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Stasavage, David. "Credible Commitment in Early Modern Europe: North and Weingast Revisited." Journal of Law Economics & Organization 18, no. 1 (2002): 155-186.

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Haber, Stephen, Noel Maurer, and Armando Razo. "When the Law Does Not Matter: The Rise and Decline of the Mexican Oil Industry." The Journal of Economic History 63, no. 1 (2003): 1-32.

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The item in this row of the table is only accessible from the Library. Olson, Mancur. Power and Prosperity: Outgrowing Communist and Capitalist Dictatorships. New York: Basic Books, 2000.  Selections.  
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Woodruff, David M. "Constitutional Review -- Power and Prosperity: Outgrowing Communist and Capitalist Dictatorships, by Mancur Olson." East European Constitutional Review 10, no. 1 (2001): 97-103.

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Section 2: To What Extent Does Capitalism Undermine or Support Democracy

Week 8 -- 1 March: Democracy and Economic Inequality (Hopkin)

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The item in this row of the table is accessible off campus. Kuznets, Simon. "Economic Growth and Income Inequality." The American Economic Review 45, no. 1 (1955): 1-28. LSE Resource
  Additional readings to be named.  

 

Week 9 -- 8 March: Corruption and the Capitalism-Democracy Nexus (Hopkin)

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Rose-Ackerman, S. (1999). Corruption and Government. Causes, Consequences and Reform. Cambridge: Cambridge University Press. Selections.

  

Hopkin, Jonathan. "States, Markets and Corruption: A Review of Some Recent Literature." Review of International Political Economy 9, no. 3 (2002): 574-590.

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Ferguson, Thomas (1995). Golden Rule: The Investment Theory of Parties and the Logic of Money-Driven Politics. Chicago: University of Chicago Press. Selections.

  
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Lohmann, Susanne. "An Information Rationale for the Power of Special Interests." The American Political Science Review 92, no. 4 (1998): 809-827. 

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Week 10 -- 15 March: Importing Capitalism and Democracy (Woodruff)

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The item in this row of the table is accessible off campus. Offe, Claus. "Capitalism by Democratic Design? Democratic Theory Facing the Triple Transition in East Central Europe." Social Research 71, no. 3 (2004): 501-528.  LSE Resource
The item in this row of the table is accessible off campus. Hellman, Joel. "Winners Take All: The Politics of Partial Reform in Postcommunist Transitions." World Politics 50, no. 2 (1998): 203-234.  LSE Resource
The item in this row of the table is accessible off campus. Orenstein, Mitchell. "Lawlessness from above and Below: Economic Radicalism and Political Institutions." SAIS Review 18, no. 1 (1998): 35-50. LSE Resource
The item in this row of the table is accessible off campus. Khakee, Anna. "Democracy and Marketization in Central and Eastern Europe: Case Closed?" East European Politics and Societies 16, no. 2 (2002): 599-615. LSE Resource
The item in this row of the table is accessible off campus. Allina-Pisano, Jessica. "Sub Rosa Resistance and the Politics of Economic Reform - Land Redistribution in Post-Soviet Ukraine." World Politics 56, no. 4 (2004): 554-581. LSE Resource

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Last modified: 23 January, 2007