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Varieties of Capitalism – The Institutional Foundations of Comparative Advantage - Oxford Scholarship Online
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Varieties of Capitalism: The Institutional Foundations of Comparative Advantage

Peter A. Hall and David Soskice


Applying the new economics of organization and relational theories of the firm to the problem of understanding cross‐national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterize the ‘varieties of capitalism’ found among the developed economies. Building on a distinction between ‘liberal market economies’ and ‘coordinated market economies’, it explores the impact of these variations on economic performance and many spheres of policy‐making, including macroeconomic policy, social policy, vocational training, legal deci ... More

Keywords: comparative institutional advantage, corporate governance, economic policy, globalization, innovation, institutional complementarities, labour markets, skills, social policy, varieties of capitalism

Bibliographic Information

Print publication date: 2001 Print ISBN-13: 9780199247752
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0199247757.001.0001


Affiliations are at time of print publication.

Peter A. Hall, editor
Frank G. Thomson Professor of Government and Director of the Minda de Gunzburg Center for European Studies, Harvard University

David Soskice, editor
Director, Research Group on Employment and Economic Change, Wissenschaftszentrum fur Sozialforschung, Berlin

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1 An Introduction to Varieties of Capitalism

Peter A. Hall and David Soskice

Part I General Themes and Diverse Applications

4 Social Protection and the Formation of Skills: A Reinterpretation of the Welfare State

Margarita Estevez‐Abe, Torben Iversen, and David Soskice

Part II Case‐Studies in Public Policy, Continuity, and Change

Part III Corporate Governance, Firm Strategy, and The Law

End Matter