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Varieties of Capitalism

Trajectories of Liberalization and the New Politics of Social Solidarity

Bibliographic Data

ID6233044
AuthorsKathleen Thelen (0000-0003-4102-8504, Massachusetts Institute of Technology, corresponding author)
Year2012
Volume15
Issue1
Pages137-159
Publication date2012-06-15
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueAnnual Review of Political Science (BOOK_SERIES)
Journal identifiersISSN: 1094-2939 • E-ISSN: 1545-1577
PublisherAnnual Reviews (PUBLISHER • US)
DOI10.1146/annurev-polisci-070110-122959
OpenAlexW2148197894
LanguageEN
Citations received139
References cited64

This essay reviews recent literature on varieties of capitalism, drawing on insights from existing studies to propose a new, more differentiated way of thinking about contemporary changes in the political economies of the rich democracies. The framework offered here breaks with the “continuum models” on which much of the traditional literature has been based, in which countries are arrayed along a single dimension according to their degree of “corporatism” or, more recently, of “coordination.” In so doing, it reveals combinations—continued high levels of equality with significant liberalization, and declining solidarity in the context of continued significant coordination—that existing theories rule out by definition. I argue that these puzzling combinations cannot be understood with reference to the usual dichotomous, structural variables on which the literature has long relied, but require instead greater attention to the coalitional foundations on which political-economic institutions rest. A coalitional approach reveals that institutions that in the past supported the more egalitarian varieties of capitalism survive best not when they stably reproduce the politics and patterns of the Golden Era but rather when they are reconfigured—in both form and function—on the basis of significantly new political support coalitions

Capitalism · Context (archaeology · Corporatism · Economic system · Economics · Liberalization · Market economy · Neoclassical economics · Political economy · Political science · Politics · Positive economics · Social science · Social solidarity · Sociology · Solidarity · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Social Policy and Reform Studies

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Unique citing works139
Citations per year9,93
Citation span2012 - 2026 (15)
Citation velocitycurrent
Highly citedYes
Citation typesNeutral: 137

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