Varieties of Capitalism. The Institutional Foundations of Comparative Advantage
Varieties of Capitalism: The Institutional Foundations of Comparative Advantage is an influential 2001 volume on economics, political economy and comparative politics, edited by political economists Peter A. Hall and David Soskice.The book emphasizes the role of institutions and firms in national political economies. The book distinguishes between liberal market economies (US, UK, Canada, Australia, New Zealand, Ireland) and coordinated market economies (CME) (e.g. Germany, Belgium, the Netherlands, Scandinavian countries, Austria).
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