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The Diversity of Modern Capitalism
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The Diversity of Modern Capitalism

Bruno Amable

Abstract

Capitalist economies have developed with a fair amount of diversity among themselves, which should have resulted in dramatic differences in levels of development. The fact that these differences are for the most part not noticeable may indicate that capitalism is based on such robust mechanisms that it accommodates varied institutional environments. In other words, institutional differences would be akin to national folklore, with few if any consequences for economic dynamics. If institutional specificities did have an effect, competition among nations would sooner or later lead to the adoptio ... More

Keywords: capitalism, economies, institutional differences, economic performance

Bibliographic Information

Print publication date: 2003 Print ISBN-13: 9780199261130
Published to Oxford Scholarship Online: July 2005 DOI:10.1093/019926113X.001.0001

Authors

Affiliations are at time of print publication.

Bruno Amable, author
Professor of Economics, University of Paris X; Research Fellow, CEPREMAP
Author Webpage