Overview

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International license. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. What configuration of institutions and policies is most conducive to human flourishing? The historical and comparative evidence suggests that the answer is social democratic capitalism - a democratic political system, a capitalist economy, good elementary and secondary schooling, a big welfare state, pro-employment public services, and moderate regulation of product and labor markets. In Social Democratic Capitalism, Lane Kenworthy shows that this system improves living standards for the least well-off, enhances economic security, and boosts equality of opportunity. And it does so without sacrificing other things we want in a good society, from liberty to economic growth to health and happiness. Its chief practitioners have been the Nordic nations. The Nordics have gone farther than other rich democratic countries in coupling a big welfare state with public services that promote high employment and modest product- and labor-market regulations. Many believe this system isn't transferable beyond Scandinavia, but Kenworthy shows that social democratic capitalism and its successes can be replicated in other affluent nations, including the United States. Today, the U.S. lags behind other countries in economic security, opportunity, and shared prosperity. If the U.S. were to expand its existing social programs and add some additional ones, many ordinary Americans would have better lives. Kenworthy argues that, despite formidable political obstacles, the U.S. is likely to move toward social democratic capitalism in coming decades. As a country gets richer, he explains, it becomes more willing to spend more in order to safeguard against risk and enhance fairness. With social democratic capitalism as his blueprint, he lays out a detailed policy agenda that could alleviate many of America's problems.

Full Product Details

9780190064112

Table of Contents

Reviews

This terrific book ably examines the strengths and transportability of the social democratic model. Like all of Kenworthy's work, Social Democratic Capitalism is clearly written, crisply argued, and mindful of alternative interpretations of the evidence and prominent counter-claims. -Jacob Hacker, Yale University Kenworthy provides a clear-headed assessment of mountains of evidence, but also a passionate insistence that social democratic capitalism can improve people's lives. This is first-rate social science that deserves a broad public audience -Larry M. Bartels, Vanderbilt University Why can't America have the sort of capitalism that works so well in Scandinavia? Because we are different? Because it wouldn't work here? Think again, and look hard at the evidence that Kenworthy has so persuasively assembled in Social Democratic Capitalism. -Angus Deaton, Princeton University, and Winner of the 2015 Nobel Prize in Economics

Author Information

Lane Kenworthy is Professor of sociology and Yankelovich Chair in Social Thought at the University of California-San Diego. He is the author of The Good Society (thegoodsociety.net), How Big Should Our Government Be? (with Jon Bakija, Peter Lindert, and Jeff Madrick), Social Democratic America, Progress for the Poor, Jobs with Equality, Egalitarian Capitalism, and In Search of National Economic Success.

Tab Content 6

Countries Available