French capitalism transformed, yet still a third variety of capitalism

@article{Schmidt2003FrenchCT,
  title={French capitalism transformed, yet still a third variety of capitalism},
  author={Vivien A. Schmidt},
  journal={Economy and Society},
  year={2003},
  volume={32},
  pages={526 - 554}
}
  • V. Schmidt
  • Published 1 November 2003
  • Economics
  • Economy and Society
Rather than one or two varieties of capitalism, this paper argues that there are still at least three in Europe, following along lines of development from the three post-war models: market capitalism, characteristic of Britain; managed capitalism, typical of Germany; and state capitalism, epitomized by France. While France’s state capitalism has been transformed through market-oriented reforms, it has become neither market capitalist nor managed capitalist. Rather, it has moved from ‘state-led… 

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