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Book review - Peter Flaschel and Alfred Greiner, Flexicurity Capitalism: Foundations, Problems, and Perspectives (, New York 2012) 240 pages

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  • Yun K. Kim

    (Bowdoin College)

Abstract

This book provides an important discussion of an alternative form of capitalism, flexicurity capitalism. Flexicurity capitalism emphasizes labor market flexibility such as the freedom of firms to fire and hire workers but also ensure that workers can obtain a job and income via institutional setup to avoid human degradation due to unemployment. Flexicurity capitalism could solve important economic problems such as coordination and incentive problems, the problems traditional socialist society experienced (which the authors call Eastern type socialism). Flexicurity capitalism opens the possibility of a more humane form of capitalism, which is more competitive and flexible than a traditional socialist society.

Suggested Citation

  • Yun K. Kim, 2013. "Book review - Peter Flaschel and Alfred Greiner, Flexicurity Capitalism: Foundations, Problems, and Perspectives (, New York 2012) 240 pages," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 383-384.
  • Handle: RePEc:elg:ejeepi:v:10:y:2013:i:3:p383-384
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