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The Diversity of Modern Capitalism

The Diversity of Modern Capitalism
Author: Bruno Amable
ISBN 13: 9780199261147
ISBN 10: 199261148
Edition: 1
Publisher: Oxford University Press
Publication Date: 2004-02-12
Format: Paperback
Pages: 328
List Price: $68.00

Amable (economics, U. of Paris X, France) proposes a theory of economic institutions as political equilibriums, explaining why different types of capitalism have arisen in different areas. He then presents a typology of five current capitalisms and a comparative analysis of them in the institutional areas of product-market competition, the labor market, the financial sector, societal protection, and the education system. He argues that specific characteristics in political systems, specializations in activities, and macroeconomic performance are associated with particular types of capitalisms. Annotation ©2004 Book News, Inc., Portland, OR