Abstract
This chapter offers a comprehensive review of the literature relevant to the varieties of capitalism debate, specifically, the paradigm’s failure to explain capitalist divergence. The chapter addresses questions of an oversimplified dichotomous typology, the varieties of capitalism’s (VOC) lack of emphasis on political institutions as causal variables, and the relationships between majoritarian and consensus institutions. The chapter ends by proposing an explanation of the relationships between political institutions—those associated with the majoritarian and consensus dichotomy—and the economic arenas proposed by the varieties of capitalism framework.
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Arsenault, M.P. (2017). Political Institutions and Varieties of Capitalism. In: The Effects of Political Institutions on Varieties of Capitalism. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-50892-4_1
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