The Effects of Political Institutions on Varieties of Capitalism by Matthew P. Arsenault
English | PDF | 2017 | 209 Pages | ISBN : 3319508911 | 3.3 MB
This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation.