Varieties of Capitalism

  title={Varieties of Capitalism},
  author={Peter A. Hall and David Soskice},
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 distribution of well-being. Contesting the claim that there is one best route to superior economic performance, a number of schemas have been proposed to explain why countries have often been able to secure substantial rates of growth in different ways, often with relatively egalitarian distributions of… 

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

E Pluribus Unum? Varieties and Commonalities of Capitalism

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

Varieties of Liberalization and the New Politics of Social Solidarity: Preface

This book examines contemporary changes in labor market institutions in the United States, Germany, Denmark, Sweden, and the Netherlands, focusing on developments in industrial relations, vocational

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 Political Economy: An Empirical Analysis

This article provides a statistical analysis of core contentions of the ‘varieties of capitalism’ perspective on comparative capitalism. The authors construct indices to assess whether patterns of


The literature on political economy has over the years divided into two reasonably distinct areas of concern: international and comparative political economy. International political economy tends to

The State, Internationalization, and Capitalist Diversity in Eastern Europe

This article contributes to the debate on varieties of capitalism in Eastern Europe in three ways. First, four types of capitalist regimes that differ in particular institutional configurations and

Varieties of capitalism and local outcomes: A Swedish case study

Despite the ‘institutional turn’ in economic geography, relatively limited attention has been paid to the comparative political economy literature that investigates the institutional underpinnings of

The Varieties of Capitalism and Hybrid Success

The varieties of capitalism literature maintains that advanced capitalist countries whose institutions best fit either the liberal or coordinated market economy types will perform better than

The politics of comparing capitalisms

Research engaged in the comparison and analysis of different forms of capitalism has been a significant growth area of political economy scholarship in the 21st century. Yet this scholarship,



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.

The Paradox of Globalization

What is the impact of globalization on labor in the advanced industrial countries? One body of work holds that globalization pushes all countries toward neoliberalism; another argues that the impact

Social protection and the formation of skills: a reinterpretation of the welfare state

This paper outlines a new approach to the study of the welfare state. Contrary to the emphasis on “decommmodification” in the current literature, we argue that important dimensions of the welfare

Institutions and Economic Growth: Europe After World War II

European economic growth in the quarter of a century that ended in 1973 outstripped growth in any period of comparable length before or since. The elements of Europe's growth miracle -- wage

Electoral systems and the politics of coalitions : why some democracies redistribute more than others

We develop a general model of redistribution and use it to account for the remarkable variance in government redistribution across democracies. We show that the electoral system plays a key role

The Politics of Social Risk

The book provides a systematic evaluation of the role played by business in the development of the modern welfare state. When and why have employers supported the development of institutions of

An Asset Theory of Social Policy Preferences

We present a theory of social policy preferences that emphasizes the composition of people's skills. The key to our argument is that individuals who have made risky investments in skills will demand

Setting the Rules of the Game: The Choice of Electoral Systems in Advanced Democracies

  • C. Boix
  • Political Science
    American Political Science Review
  • 1999
Looking at the history of democracies in the developed world, I show that electoral systems derive from the decisions the ruling parties make to maximize their representation according to the

Order and Conflict in Contemporary Capitalism

(1986). Order and Conflict in Contemporary Capitalism. Journal of Economic Issues: Vol. 20, No. 1, pp. 258-260.