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The contemporary debate on economic policy is dominated by the issue of 'which model of capitalism works best'.

Industrial Policy in Britain provides an introduction to, and assessment of, the theory and practice of industrial policy and government-industry relations since 1945. It ranges widely covering all the key industrial sectors - including agriculture and services as well as energy and manufacturing - at local, national and European level

The article charts the continuing attempt to breathe fresh life into the original Hall and Soskice distinction between liberal market economies (LMEs) and coordinated market economies (CMEs). It surveys the critique of that original formulation from within the dominant 'varieties of capitalism' paradigm, and the recent attempt by Wolfgang Streeck to replace the LME-CME focus with a new institutionalist understanding of capitalism and its varieties. That move 'to bring capitalism back in' is welcome but inadequate, acting only as a beachhead out of which we now need to break, armed with a revitalised sense of the importance of Marxism as a theoretical framework with which to understand capitalist dynamics, capitalist institutional variations and capitalist contradictions.

This article adds a new element to the growing critique of the original varieties of capitalism (VoC) distinction between liberal and coordinated market capitalisms by questioning the usefulness of the liberal market economy (LME) category itself. It demonstrates that many of the distinguishing features of the LME category are – in the US and UK cases at least – best explained by those economies' external global and hegemonic role, rather than by their internal institutional complementarities. Imperialism holds the key to liberalism – a key demonstrated here by a detailed examination of the UK case. The lessons for the study of comparative capitalisms are major: a total setting aside of the LME/CME distinction, and a return to the building of a global understanding of capitalism which is more than the sum of its individual parts. In order to understand LMEs, you need to understand imperialism; and to understand imperialism, you have to engage again with a revitalised Marxism.

Overcoming the limits of the New Labour project requires both a re-examination of its strengths and weaknesses relative to those of Old Labour, and a serious reflection on the content of the Miliband-Poulantzas debate that established the international reputation of the present leader's father. From both sources, it is clear that this generation of Labour leaders need to turn party policy deliberately leftwards again, and to engage in a progressive hegemonic campaign in support of that shift prior to the next election. For only if Labour returns to office with an electoral base mobilised to support a fundamental resetting of power can the party ever hope to escape the 'dull logic of Labourism' so criticised by Ralph Miliband and his academic followers. The thesis of this article is that now is the time for one generation of a famous Labour family to disprove the pessimistic thesis of its earlier generation. Adapted from the source document.

Der Beitrag gibt im Rahmen des Sammelbandes zur Vergleichenden Kapitalismusforschung einen Überblick über die zentralen Forschungsparadigmen, die den Debatten über kapitalistische Vielgestaltigkeit zu Grunde liegen. In der entstehenden Literatur über kapitalistische Modelle sind allerorten paradigmatische Trennungen sichtbar. Diese bringen regelmäßig Diskussionen innerhalb und, seltener, zwischen Paradigmen hervor. So beinhaltet die Forschung, hauptsächlich in den Mainstream-Wirtschaftswissenschaften, eine Debatte zwischen alter und neuer Wachstumstheorie, die sich um die herrschenden Orthodoxien der neoklassischen Ökonomie gruppiert. Daneben umfasst sie eine zweite, um das wachsende institutionalistische Paradigma gruppierte und in Soziologie und Politikwissenschaft konzentrierte Diskussion. Schließlich beinhaltet sie eine dritte Debatte - auf kleine radikale politische Zirkel und Zeitschriften reduziert - in der marxistische Theorieansätze dominieren. Der Autor geht in seinem Beitrag auf diese Ansätze aus der Neoklassik, dem (Neo-) Institutionalismus und Marxismus ein. (ICA2)