Very different models of capitalism have developed on the European continent since industrialization. European nations now form an increasingly integrated economic territory. The integration of product markets is largely completed, and there are now increased attempts to integrate service and capital markets. This has resulted in tensions with the institutions of "organized," "Rhenish" models of capitalism. At the same time, cooperation on taxation, the labor market, and social policies has remained underdeveloped, and the European Monetary Union provides no instruments for a European-wide macroeconomic policy. This project reviews contemporary research on the political economy of the most recent phase of European integration and examines it in terms of the political implications inherent in the "clash of capitalisms." Project duration: October 2006 to September 2014.
Höpner, Martin/Armin Schäfer, 2010: A New Phase of European Integration: Organised Capitalisms in Post-Ricardian Europe. In: West European Politics 33(2), 344-368.
Höpner, Martin/Armin Schäfer, 2012: Embeddedness and Regional Integration: Waiting for Polanyi in a Hayekian Setting. In: International Organization 66(2), 429-455.
Höpner, Martin/Armin Schäfer, 2012: Integration among Unequals: How the Heterogeneity of European Varieties of Capitalism Shapes the Democratic and Social Potential of the EU. MPIfG Discussion Paper 12/5. Köln: Max-Planck-Institut für Gesellschaftsforschung.