Author Archive

David Soskice

David Soskice is Research Professor of Political Science at Duke University. And he is Research Professor of Comparative Political Economy at Oxford University and Senior Research Fellow of Nuffield College.

Numerous questions pose themselves for political economists about the crisis – enough (never waste a good crisis) to keep PhDs engaged for a generation. But in my view there are two big picture questions which modern comparative political economy needs to answer. One is why the epicentre of the crisis was in Wall Street and the City of London. The other is this: the crisis occurred as a result of failures in the main regulatory frameworks – the financial and the macroeconomic – which govern much of the workings of advanced economies. Why, in sharp contrast to the 1930s, have these frameworks changed little since the crisis? These questions raise major issues for our understanding of modern capitalism and its …