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The UK

Less a liberal market economy, more a post-imperial one

Bibliographic Data

ID3833065
AuthorsDeborah Coates (0000-0002-8401-2783, Wake Forest University, corresponding author), David Coates (Wake Forest University)
Year2014
Volume38
Issue1
Pages171-182
Publication date2014-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueCapital & Class (JOURNAL)
Journal identifiersISSN: 0309-8168 • E-ISSN: 2041-0980
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0309816813514816
OpenAlexW2160699921
LanguageEN
Citations received6
References cited17

This article adds a new element to the growing critique of the original varieties of capitalism (VoC) distinction between liberal and coordinated market capitalisms by questioning the usefulness of the liberal market economy (LME) category itself. It demonstrates that many of the distinguishing features of the LME category are - in the US and UK cases at least - best explained by those economies' external global and hegemonic role, rather than by their internal institutional complementarities. Imperialism holds the key to liberalism - a key demonstrated here by a detailed examination of the UK case. The lessons for the study of comparative capitalisms are major: a total setting aside of the LME/CME distinction, and a return to the building of a global understanding of capitalism which is more than the sum of its individual parts. In order to understand LMEs, you need to understand imperialism; and to understand imperialism, you have to engage again with a revitalised Marxism

Aside · Capitalism · Economics · Economy · Hegemony · Liberalism · Political economy · Political science · Politics · Sociology · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Social Policy and Reform Studies

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Unique citing works6
Citations per year0,67
Citation span2017 - 2025 (9)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 5

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