This title was first published in 2003. The creation of a 'Third Way' between unfettered capitalism and old-style Keynesian-corporatist forms of social democracy has become the driving force behind the policy programmes of many left-of-centre political parties in the industrialised nations of the world today. Sweden and the 'Third Way' critically evaluates this 'new' social democracy by examining the profound shift in Swedish political economy from being the prototype old-style social democracy towards the 'Third Way' synthesis of neo-liberalism and elements of traditional social democracy. Philip Whyman evaluates internal and external challenges to Swedish macroeconomic policy - including globalisation, European integration, post-Fordist technological change and the relative empowerment of capital - to discover the extent to which national economic autonomy is constrained. Furthermore, he considers the plausibility of revising the core elements of the traditional 'Swedish Model' as an alternative to the prevailing macroeconomic platform.

This book examines the transformation of contemporary social democracy through the concept of "third way" reforms. It proposes a set of theories about the possibility for continuing social democratic ideological adaptation, for ideologies to overcome institutional constraints in triggering path-breaking innovations, and for social democracy to bridge the insider-outsider divide. Empirically, the book utilizes these theories to account for social democratic welfare state and labor market reforms in nine OECD countries after the end of the Golden Age. Based on the logic of "public evils," the book proposes that the ideologically contested nature of institutions provides incentives for institutional innovation. Social democratic ideology shapes the fundamental characteristics and content of the third way policy paradigm, and the paradigm's practical implementation continues to be path-dependent on historical institutional settings.

This book addresses the contemporary debate about the 'third way' in European social democracy, by analysing the exemplar case of social democracy - 'the Swedish model' - this book challenges the recent 'third way' perspective. The author argues strongly against the widely held belief that the nature of contemporary capitalist restructuring and globalisation has rendered traditional social democracy obsolete.

Aiming to transcend the outdated conflict between Left and Right, the Third Way was welcomed by leading figures on the world stage. Its programme of modernisation, flexibility and community regeneration indicated a way forward for the New Age. Within a firm market emphasis, equality of opportunity and social inclusion were given a prominent place. However, its lack of direction and disinclination to face hard decisions, have left its promise unfulfilled. This book puts forward a rigorous rethinking towards making the Third Way an effective instrument of progress for Britain as well as abroad.

The Third Way is said to be the guiding philosophy for New Labour and center-left parties and governments across the globe. Moving beyond attempts to define and defend the Third Way, this innovative collection embarks on a critical examination of this key concept. The editors draw on expert contributions from a range of disciplines and perspectives to dissect the Third Way in theory and in practice, assess its legacy and suggest alternatives. The book begins by reviewing attempts to define the Third Way. It then examines what the Third Way implies for our understanding of the economy and the state, before critically addressing the philosophical and practical implications of its attempt to use the term "community." The final section deconstructs Third Way rhetoric and discourse. The conclusion reviews how these critical insights might form a basis for alternative political projects.

This title was first published in 2002. This multi-faceted account of the transformation of social democracy in Europe provides a unique critical discussion of the normative claims and the key policy initiatives that characterize Third Way politics. Designed to cover a broad range of aspects, this text provides fresh understanding of the transformation of social democratic politics in a globalizing world. Including accounts of the changes in the socio-political environment in which the New Social Democracy operates, the socio-cultural roots of Third Way politics and the underlying political and ideological shift of the contemporary established left, this text offers comparative insights into national case studies and an interpretative framework for the transformation that this political force has undergone in recent years. The reader will benefit from this book’s expert and easily accessible multi-faceted approach to one of the key political issues in contemporary Western societies.

The idea of finding a 'third way' in politics has become a focus of discussion across the world. Political leaders, in the US, Europe, Asia and Latin America claim to be following its principles. Yet the notion has also attracted much criticism. Some say it is an empty concept without any real content. Critics from the more traditional left argue that it is a betrayal of left-wing ideals. Anthony Giddens's The Third Way (Polity Press, 1998) is regarded by many as the key text of third way politics. Translated into twenty-five languages, it has shaped the development of the third way. In this new book Giddens responds to the critics, and further develops the ideas set out in his earlier volume. Far from being unable to deal with inequalities of wealth and power, he shows, third way politics offers the only feasible approach to these issues. The work is indispensable for anyone who wants to understand the most important political debate going on today. Anthony Giddens is the Director of the London School of Economics and Political Science. He is the author or editor of over thirty books. His previous works, especially Beyond Left and Right (Polity Press, 1994) have influenced debates about the future of social democracy in many countries across the world. Frequently referred to in the UK as Tony Blair's guru, Giddens has made a strong impact on the evolution of New Labour.

The apparent success of a 'new' variant of social democracy has created considerable interest in the Third Way. This book synthesizes a core economic strategy from the most significant Third Way administrations. It explores the theoretical foundations to Third Way Economics , before evaluating its economic strategy against conclusions drawn from contemporary economics literature and the relative performance of contemporary left-of-centre governments. It additionally contrasts Third Way Economics with more traditional social democratic economic policy in adapting to the challenges posed by today's economy.

Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency.

The transition to market economies in Eastern Europe, considered in the light of Western experiences of seeking a middle way between classical liberalism and state socialism.