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From comparing capitalisms to the politics of institutional change


Reference:

Jackson, G. and Deeg, R., 2008. From comparing capitalisms to the politics of institutional change. Review of International Political Economy, 15 (4), pp. 680-709.

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Official URL:

http://dx.doi.org/10.1080/09692290802260704

Abstract

The notion of distinct national varieties or systems of capitalism gained considerable currency in the last two decades. This review essay highlights three theoretical premises which define what we call the comparative capitalisms (CC) approach to political economy: First, national economies are characterized by distinct institutional configurations; second, these configurations are a source of comparative institutional advantage; and third, the configurations are stabilized by institutional path dependence. Within these common premises, the CC literature contains a number of competing theories and we highlight the fundamental distinctions among them and draw out their respective limitations. We specifically examine the role of politics within the CC literature and how emerging conceptions of politics may contribute to understanding institutional change in capitalist systems.

Details

Item Type Articles
CreatorsJackson, G.and Deeg, R.
DOI10.1080/09692290802260704
DepartmentsSchool of Management
RefereedYes
StatusPublished
ID Code12095
Additional InformationID number: <Go to ISI>://000260326700009

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