Varieties of capitalism in light of the euro crisis
@article{Hall2018VarietiesOC, title={Varieties of capitalism in light of the euro crisis}, author={Peter A. Hall}, journal={Journal of European Public Policy}, year={2018}, volume={25}, pages={30 - 7} }
ABSTRACT This article examines the implications of the euro crisis for theories of political economy associated with ‘varieties of capitalism’, considering how those theories help explain the origins of the crisis and how developments during it mandate revisions in such theories. Efforts to understand the crisis have extended these theories in four directions. They have inspired an emerging literature on growth models that integrates the demand side of the economy into theories once oriented to…
100 Citations
Varieties of Capitalism and post-Keynesian economics on Eurocrisis
- Economics
- 2018
The 2008 global financial crisis that began in the US housing sector mutated into a sovereign debt crisis and an economic depression for countries in southern Europe, threatening the very existence…
In search of developmental capitalism institutions:
- EconomicsRevista Brasileira de Sociologia - RBS
- 2021
How can we explain that some emerging economies grow faster than others? What explains the sustainability of their growth? Not all types of capitalism in emerging markets contribute equally to…
The politics of the British model of capitalism’s flatlining productivity and anaemic growth: Lessons for the growth models perspective
- EconomicsThe British Journal of Politics and International Relations
- 2021
This article assesses the usefulness of the growth models perspective for understanding contemporary British capitalism in the context of its ongoing ‘productivity puzzle’ and stagnating economic…
From Varieties of Capitalism to European Growth Models: towards a critical synthesis
- Economics
- 2020
The widespread belief that globalization would lead to the gradual convergence of advanced capitalist economies was challenged by the emergence of the Comparative Capitalism (CC) literature. Arguably…
Comparing Capitalisms: Debates, Controversies and Future Directions
- Economics
- 2020
Various strands of the comparative capitalisms (CC) literature agree that the advanced economies have liberalized in recent years, bringing with it rising income and wealth inequality and job…
Varieties of Capitalism, Growth Regimes, and Structural Change in Eurozone Core and Peripheral Countries: Germany as a Role Model for Portugal?
- EconomicsInternational Journal of Political Economy
- 2021
Abstract This article aims at analyzing the structural changes that occurred in the Portuguese economy after the 2010/2013 sovereign debt crisis, compared with what occurred in Germany and using the…
Economic crisis, COVID-19 pandemic, and the Greek model of capitalism
- EconomicsEvolutionary and Institutional Economics Review
- 2021
The main purpose of this paper is to study the evolution of the country's economic performance through the theoretical approach of varieties of capitalism, and to understand how the main characteristics of the Greek model of capitalism have been changed during last years.
Introduction: peripheries in competition? Political and economic development in the EU
- EconomicsWest European Politics
- 2019
Abstract The aim of this special issue is to take a nuanced look at the political economy of development across the European Union since the financial crisis. In contrast to much of the literature on…
The politics of comparing capitalisms
- Sociology
- 2021
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,…
Problems of the Evolution of the Comparative Capitalism Theory from the mid‑20th Century (On the Example of the Developed Countries)
- EconomicsEconomics of Contemporary Russia
- 2020
In the late 20th and early 21st centuries the problem of theoretical substantiation of transnational differences in the forms of capitalist relations became the subject of a broad scientific…
References
SHOWING 1-10 OF 166 REFERENCES
Varieties of Capitalism and the Euro Crisis
- Economics
- 2014
This article examines the role played by varieties of capitalism in the euro crisis, considering the origins of the crisis, its progression, and the response to it. Deficiencies in the institutional…
The Economics and Politics of the Euro Crisis
- Economics
- 2012
This article addresses puzzles raised by the Euro crisis: why was EMU established with limited institutional capacities, where do the roots of the crisis lie, how can the response to the crisis be…
Varieties and Commonalities of Capitalism
- Economics
- 2010
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 Capitalism and Institutional Complementarities in the Political Economy: An Empirical Analysis
- EconomicsBritish Journal of Political Science
- 2009
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…
Economic causes of the Eurozone crisis: the analytical contribution of Comparative Capitalism
- Economics
- 2016
The article discusses advances and limitations of Comparative Capitalism scholarship on the causes of the Eurozone crisis. It explains the crisis by highlighting four basic mechanisms: first, the…
Adjustments in the Eurozone: Varieties of Capitalism and the Crisis in Southern Europe
- Economics
- 2014
This paper investigates the causes of, and reactions to, the Eurozone crisis, focusing in particular on the institutional foundations of the four Southern European Eurozone countries that have…
Beyond Varieties of Capitalism: Conflict, Contradictions, and Complementarities in the European Economy
- Economics
- 2007
Since the early 1990s, Europe's economies have been facing several new challenges: the single market programme, the collapse of the Berlin wall and eastward enlargement, and monetary unification.…
Institutional change in varieties of capitalism
- Economics
- 2008
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…
Regulating international finance and the diversity of capitalism
- Economics
- 2013
In this paper, I put the ongoing G20 process of improving the regulation of international finance into a historically and theoretically informed perspective. To understand the driving forces behind…
The imbalance of capitalisms in the Eurozone: Can the north and south of Europe converge?
- Economics
- 2017
The European response to the sovereign debt crisis has exposed a tension between the national and the supranational in a multilevel polity while opening up new political cleavages between the north…