The market-liberal approach to climate protection has failed. Neither international climate agreements in the wake of the “liberal compromise”, nor private initiatives or the individuation of responsibility have brought about significant emission reductions. The current issue of Economic Sociology: Perspectives and Conversations explores the promises and realities of climate governance in a capitalist world. With contributions from editor Leon Wansleben, as well as Stéphanie Barral, Matthias Täger, Jose Maria Valenzeula, Nacxitl Calva, and Kohei Saito.

Dustin Voss was awarded the Best Paper Prize by the journal Socio-Economic Review in April 2025. In his paper “Sectors Versus Borders: Interest Group Cleavages and Struggles Over Corporate Governance in the Age of Asset Management,” Voss examines the role of global asset managers such as BlackRock in the context of a reform to co-determination in Germany. Voss’s study shows how coalition-building is a crucial determinant of the political power of international financial actors and how corporatist institutions still act as a shield against financialization.

The MPIfG celebrates its 40th anniversary this year. To mark the occasion, the academic symposium "Studying Societies in Change" will take place on May 16. Together with our alumni, international and national partners, and other guests from politics and society, we will look back on the MPIfG's key lines of research since its founding. The symposium will provide an overview of the current state of research in political economy and economic sociology at the Institute and offer a programmatic outlook for the future.