Munich Personal RePEc Archive

Deducing Varieties of Capitalism

Carney, Richard (2007): Deducing Varieties of Capitalism.

[img]
Preview
PDF
MPRA_paper_5145.pdf

Download (143kB) | Preview

Abstract

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.