From Keynesianism to the knowledge economy: the rise and fall of growth regimes

Peter A. Hall ()
Additional contact information
Peter A. Hall: Harvard University

Business Economics, 2019, vol. 54, issue 2, No 5, 122-126

Abstract: Abstract This essay explores the evolution of postwar growth regimes, understood as the economic and social policies used by governments to pursue economic growth in the developed democracies. It charts movement in growth regimes from an era of modernization stretching from 1950 to 1975, through an era of liberalization running from 1980 to the late 1990s, to a subsequent era of knowledge-based growth. It argues that the capacities of democratic governments to pursue specific growth regimes depend, not only on economic circumstances, but also on evolving electoral conditions, marked especially by changes in the cleavage structures conditioning partisan electoral strategies. The essay concludes by exploring the implications of contemporary electoral politics for the development of growth regimes appropriate to a knowledge economy.

Keywords: Growth regimes; Knowledge economy; Electoral politics; Economic gestalt (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1057/s11369-018-00107-2 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:buseco:v:54:y:2019:i:2:d:10.1057_s11369-018-00107-2

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11369

DOI: 10.1057/s11369-018-00107-2

Access Statistics for this article

Business Economics is currently edited by Charles Steindel

More articles in Business Economics from Palgrave Macmillan, National Association for Business Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().