In this newly translated work, almost all of which has until now been unavailable to English-speaking readers, Claus Offe seeks to provide answers to these questions. Moving beyond the boundaries of both Marxism and other forms of political sociology, he gives particular emphasis to the growth of serious cleavages within the work force (and between the employed and the unemployed), the importance of the 'informal' sector, the severe difficulties faced by trade unions in coping with the present economic crisis, the vulnerability of 'neo-corporatist' mechanisms, and the failures of state policy-making based on either majority rule or bureaucratic administration. In critically examining these and other pressing problems of advanced capitalist democracies, Claus Offe also calls into question such widely-held assumptions of contemporary social science as the fairness and neutrality of liberal democratic mechanisms of participation and representation, the centrality of both the category of work and the irreconcilable division / antagonism between Labour and Capital, and the feasibility and desirability of 'full employment'. Claus Offe is one of the most important social scientists writing today and the author of many well-known and influential essays. This new work makes his ideas available to English-speaking readers in a systematic and comprehensive way. It is bound to become a standard point of reference for discussions of the present state and future prospects of the industrially advanced countries in modern times.