Entrenchment: Wealth, Power, and the Constitution of Democratic Societies

Abstract

This article is a review of the book "Entrenchment, Wealth, Power, and the Constitution of Democratic Societies" by Paul Starr. The book explores the concept of entrenchment and how political institutions become entrenched over time. It discusses mechanisms of entrenchment such as strategic entrenchment, positive feedback loops, and cultural entrenchment. The book also examines the link between property and political power, the entrenchment of democracy, and the entrenchment of the modern welfare state. It suggests that entrenchment can be influenced by factors such as political polarization, globalization, and critical junctures in history. The book provides insights for management scholars studying institutions and their socioeconomic consequences.