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자료유형
학술저널
저자정보
저널정보
한국서양사연구회 서양사연구 서양사연구 제52호
발행연도
2015.1
수록면
145 - 190 (46page)

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The article argues that the evolution of European democratic capitalism has long caused the separation between the state and the organized labor in European capitalist societies, changing the power balance between capital and labor and thus enforcing the decline of labor income shares, particularly since the neoliberal turn of European integration in 1986. Three thematic arguments are discussed to show this: the rapid and dynamic trend in decline of labor income shares among most European countries since the mid-1970s and the question for solving domestic distributional conflicts in the crisis of economic growth; the evolution of monetary reflection of the state’s dependence on credit and debt as a substitute for addressing domestic distributional conflicts; and the effects of European monetary integration that overlapped the new dimension of inter-state conflicts with the old dimension of domestic distributional conflicts between capital and labor. Finally, the article argues that even though the varieties of capitalism approach has been a dominant and influential approach in the study of comparative capitalism, it cannot explain properly the convergence among European capitalism in terms of the decline of the organized labor power and the increased inequality in European capitalist societies by missing the political significance and implication of the fiscal strategies undertaken by the European states since the mid-1970s. This implies that we should remind the importance of political dimension in the analysis of the evolution of democratic capitalism in Western Europe.

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