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Varieties and Commonalities of Capitalism

In: Varieties of Capitalism, Varieties of Approaches

Author

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  • Jonas Pontusson

Abstract

This chapter critically examines the analytical foundations and some of the empirical claims of the Varieties-of-Capitalism (VoC) School of comparative political economy. Virtually, the entire field of comparative economy subscribes to the idea that capitalism takes on different institutional forms and, furthermore, that the institutional arrangements of real-existing capitalist political economies vary according to some kind of systematic logic, so that it is possible to speak of a limited number of more or less coherent types of capitalism. In recent years, however, the term ‘Varieties of Capitalism’ has been successfully claimed by advocates of a particular approach to comparative political economy, pioneered by Soskice in various writings and articulated most comprehensively by Hall and Soskice in their introduction to Varieties of Capitalism (2001). The questions raised by this chapter pertain not to the existence of varieties of capitalism per se, but rather to the adequacy of the VoC framework elaborated by Soskice and Hall for understanding the diversity and dynamics of contemporary capitalism.

Suggested Citation

  • Jonas Pontusson, 2005. "Varieties and Commonalities of Capitalism," Palgrave Macmillan Books, in: David Coates (ed.), Varieties of Capitalism, Varieties of Approaches, chapter 9, pages 163-188, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52272-5_9
    DOI: 10.1057/9780230522725_9
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    Citations

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    Cited by:

    1. David Weisstanner, 2017. "Dualization and inequality revisited: Temporary employment regulation and middle-class incomes," LIS Working papers 720, LIS Cross-National Data Center in Luxembourg.
    2. Farkas Beáta, 2018. "What can institutional analysis say about capitalism in Central and Eastern Europe? Results and limitations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(4), pages 283-290, December.
    3. Höpner, Martin, 2007. "Coordination and organization: The two dimensions of nonliberal capitalism," MPIfG Discussion Paper 07/12, Max Planck Institute for the Study of Societies.
    4. Baccaro, Lucio & Pontusson, Jonas, 2018. "Comparative political economy and varieties of macroeconomics," MPIfG Discussion Paper 18/10, Max Planck Institute for the Study of Societies.
    5. Richard Croucher & Claudio Morrison, 2012. "Management, Worker Responses, and an Enterprise Trade Union in Transition," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 51, pages 583-604, April.
    6. Alexander Herzog & Slava Mikhaylov, 2010. "Estimating Government Discretion in Fiscal Policy Making," The Institute for International Integration Studies Discussion Paper Series iiisdp339, IIIS, revised Jul 2010.
    7. Callaghan, Helen, 2009. "Constrain-thy-neighbor effects as a determinant of transnational interest group cohesion," MPIfG Discussion Paper 09/4, Max Planck Institute for the Study of Societies.
    8. Chris Howell, 2021. "Rethinking the Role of the State in Employment Relations for a Neoliberal Era," ILR Review, Cornell University, ILR School, vol. 74(3), pages 739-772, May.

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