The Effects of Political Institutions on Varieties of Capitalism

The book explores the relationship between political institutions and variations in capitalist systems, highlighting a strong correlation between political regimes and economic models. It distinguishes between majoritarian regimes, which foster adversarial politics and competition, and consensus regimes, which encourage cooperation and coordination. Key indicators such as partisanship, electoral rules, and party systems are analyzed. Qualitative case studies of Germany, Britain, and New Zealand illustrate how these political structures influenced economic adjustments during the liberalization era of the 1980s.