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Published in:
2015 | OriginalPaper | Chapter
A Varieties Approach to the Varieties of Capitalism
Author : Lars Mjøset
Published in: The Changing Worlds and Workplaces of Capitalism
Publisher: Palgrave Macmillan UK
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The Cold War world of systems competition between socialism and capitalism is long gone. Today we have only varieties of capitalism. It is thus all the more important to develop the study of these varieties. The Varieties of Capitalism (VOC) school is content to demonstrate, by means of handy constrained optimisation models, that there is an alternative to the liberal market economy model (LME). LME and its opposite, the coordinated model (CME), are defined by different complementarities (Hall and Soskice 2001). While it is comforting that there is an alternative to liberal models, it is regrettable that the study of varieties has been reduced to the study of a crude dualism.