Recasting Welfare Capitalism: Economic Adjustment in Contemporary France and Germany

"Recasting Welfare Capitalism presents very illuminating and detailed analysis of contemporary political and economic adjustment strategies in Germany and France. In so doing, it debunks the widely shared perception that these countries have been moribund and plagued by political stalemate. Vail's insights stem from a creative theoretical shift away from contemporary institutionalism in political economic analysis to an emphasis on informal relational dynamics and ideas. His persuasive argument about the emergence of new relations and dynamics is grounded in elegant and historically informed case studies of crucial policy and relational realms."
—Gary Herrigel, Department of Political Science, University of Chicago

"Mark Vail’s Recasting Welfare Capitalism shows how French and German political actors navigated the difficult and contentious transitions from rapid postwar economic growth to the slower growth of the past three decades. By linking the usual welfare-state analytic categories to broader economic management issues, he highlights how actors and their ideas mattered for the gradual transformation of both sides of the welfare-capitalism model in France and Germany. This is one of the rare studies offering a comprehensive and insightful analysis of structures, actors, and policy changes across the whole postwar era."
—Herman Schwartz, Department of Politics, University of Virginia