Contributors vii 1 Introduction: Politics in the Age of Austerity 1 Armin Schafer and Wolfgang Streeck 2 Public Finance and the Decline of State Capacity in Democratic Capitalism 26 Wolfgang Streeck and Daniel Mertens 3 Tax Competition and Fiscal Democracy 59 Philipp Genschel and Peter Schwarz 4 Governing as an Engineering Problem: The Political Economy of Swedish Success 84 Sven Steinmo 5 Monetary Union, Fiscal Crisis and the Disabling of Democratic Accountability 108 Fritz W. Scharpf 6 Smaghi versus the Parties: Representative Government and Institutional Constraints 143 Peter Mair 7 Liberalization, Inequality and Democracy s Discontent 169 Armin Schafer 8 Participatory Inequality in the Austerity State: A Supply-Side Approach 196 Claus Offe 9 From Markets versus States to Corporations versus Civil Society? 219 Colin Crouch 10 The Normalization of the Right in Post-Security Europe 239 Mabel Berezin 11 The Crisis in Context: Democratic Capitalism and its Contradictions 262 Wolfgang Streeck Notes 287 Index 303
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