Carney, Richard (2007): Deducing Varieties of Capitalism.
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One of the key criticisms made of the Varieties of Capitalism perspective advanced by Hall and Soskice (2001) is that it is functionalist. Here, I offer a deductive model of capitalism that is consistent with their framework. Specifically, I deduce the structure of nations' capitalist institutions based on distributive welfare gains to those actors representing an economy's main factors of production - land, labor, and capital. Based on the coalitions and political battles that may be fought among these actors, I derive seven capitalist ideal-types that fall along the LME-CME spectrum.
|Item Type:||MPRA Paper|
|Original Title:||Deducing Varieties of Capitalism|
|Keywords:||capitalism; political economy; financial institutions|
|Subjects:||P - Economic Systems > P1 - Capitalist Systems > P10 - General
N - Economic History > N2 - Financial Markets and Institutions > N20 - General, International, or Comparative
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries
|Depositing User:||Richard Carney|
|Date Deposited:||05. Oct 2007|
|Last Modified:||18. Feb 2013 07:30|
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