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2017 | OriginalPaper | Chapter

1. Political Institutions and Varieties of Capitalism

Author : Matthew P. Arsenault

Published in: The Effects of Political Institutions on Varieties of Capitalism

Publisher: Springer International Publishing

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Abstract

This chapter offers a comprehensive review of the literature relevant to the varieties of capitalism debate, specifically, the paradigm’s failure to explain capitalist divergence. The chapter addresses questions of an oversimplified dichotomous typology, the varieties of capitalism’s (VOC) lack of emphasis on political institutions as causal variables, and the relationships between majoritarian and consensus institutions. The chapter ends by proposing an explanation of the relationships between political institutions—those associated with the majoritarian and consensus dichotomy—and the economic arenas proposed by the varieties of capitalism framework.

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Title: Political Institutions and Varieties of Capitalism
Author: Matthew P. Arsenault
Publisher: Springer International Publishing
Book: The Effects of Political Institutions on Varieties of Capitalism
Print ISBN: 978-3-319-50891-7

Electronic ISBN: 978-3-319-50892-4

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-50892-4_1