E Pluribus Unum? Varieties and Commonalities of Capitalism

  title={E Pluribus Unum? Varieties and Commonalities of Capitalism},
  author={Wolfgang Streeck},
  journal={Law \& Politics eJournal},
  • W. Streeck
  • Published 15 October 2010
  • Economics
  • Law & Politics eJournal
The paper reviews the origins of the comparative study of capitalism and of the diverse approaches applied to it in contemporary political economy. It distinguishes four models accounting for differences in the institutional make-up of national capitalist economies, which it refers to as the social embeddedness, power resource, historicalinstitutionalist, and rationalist-functionalist model, respectively. Special attention is given to the rationalist-functionalist account of capitalist variety… 

Comparative analysis of capitalism from a regulationist perspective extended by neo-Gramscian IPE

Over time, the comparative analysis of capitalism has moved beyond the strict confines of the narrow varieties of capitalism (VoC) framework. In this sense, it is possible to observe an emergent

Varieties of peripheral capitalism: on the institutional foundations of economic backwardness*

This paper critically analyses the literature spawned by Peter Hall and David Soskice’s influential book on the varieties of capitalism. It takes as a starting point the critiques within the

Neo-liberalism, varieties of capitalism, and the shifting contours of South Africa's financial system

This article focuses on the role played by both national and global finance in comparative economic performance. It critically examines financial economics, arguing that both the Efficient Markets

Varieties of Capitalism or Dependency? A Critique of the VoC Approach for Latin America

This article critically discusses the recent enlargement of the ‘Varieties of Capitalism’ (VoC) approach to Latin America as an attempt to come to terms with the persistence of transnational

Varieties of Capitalism and ‘the Great Moderation’

When Peter Hall and David Soskice wrote their introduction to the now widely cited collection of essays they published in 2001 under the title Varieties of Capitalism: The Institutional Foundation of

Rethinking Varieties of Capitalism and growth theory in the ICT era*

  • D. Soskice
  • Economics
    Review of Keynesian Economics
  • 2022
Going beyond the Varieties of Capitalism comparative analysis, a theory of advanced capitalism is developed to explain what has been driving advanced capitalism through the massive creative

How to Study Contemporary Capitalism?1

  • W. Streeck
  • Sociology
    European Journal of Sociology
  • 2012
Abstract The paper argues that contemporary capitalism must be studied as a society rather than an economy, and contemporary society as capitalist society. Capitalism is defined as a specific

Comparative Capitalism Meets International Political Economy

Even after two decades of research on globalization, we still face open questions about the interplay between national capitalist institutions and transnational economic governance. How does

Capitalism as a System of Contingent Expectations: Toward a Sociological Microfoundation of Political Economy

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of



Varieties and Commonalities of Capitalism

This chapter critically examines the analytical foundations and some of the empirical claims of the Varieties-of-Capitalism (VoC) School of comparative political economy. Virtually, the entire field

Varieties of Capitalism

Scholarship on varieties of capitalism (VofC) explores the ways in which the institutions structuring the political economy affect patterns of economic performance or policy making and the

Institutional change in varieties of capitalism

Contemporary approaches to varieties to capitalism are often criticized for neglecting issues of institutional change. This paper develops an approach to institutional change more extended than the

Varieties of Capitalism and Capitalism « tout court »

Abstract The article reviews the “Varieties of Capitalism” (VoC) approach and its large impact on the field of comparative political economy. It situates the approach within the field, and stresses

Variegated capitalism

The article critically engages with the `varieties of capitalism' school, which since its origins in the early 1990s has been consolidated into one of the most influential strands in comparative and

Ricardian Political Economy and the ‘Varieties of Capitalism’ Approach: Specialization, Trade and Comparative Institutional Advantage

The ‘varieties of capitalism’ approach offers key insights into the institutional embeddedness of economic experiences. It performs an important function in providing a conceptual framework for

Varieties of Capitalism in Post-Communist Countries

The former state socialist countries of Eastern Europe and the Soviet Union have been transformed into capitalist systems, albeit with substantial differences among them and from advanced capitalist

The Diversity Of Modern Capitalism

This book considers why institutional forms of modern capitalist economies differ internationally, and proposes a typology of capitalism based on the theory of institutional complementarity.

Varieties of Capitalism and Institutional Complementarities in the Macroeconomy

Using aggregate analysis, this paper examines the core contentions of the "varieties of capitalism" perspective on comparative capitalism. We construct a coordination index to assess whether the

How Many Varieties of Capitalism? Comparing the Comparative Institutional Analyses of Capitalist Diversity

This essay reviews the development of approaches within the comparative capitalisms (CC) literature and points to three theoretical innovations which, taken together, define and distinguish these