Five models of capitalism

Luiz Carlos Bresser-Pereira ()

Brazilian Journal of Political Economy, 2012, vol. 32, issue 1, 21-32

Abstract: Besides analyzing capitalist societies historically and thinking of them in terms of phases or stages, we may compare different models or varieties of capitalism. In this paper I survey the literature on this subject, and distinguish the classification that has a production or business approach from those that use a mainly political criterion. I identify five forms of capitalism: among the rich countries, the liberal democratic or Anglo-Saxon model, the social or European model, and the endogenous social integration or Japanese model; among developing countries, I distinguish the Asian developmental model from the liberal-dependent model that characterizes most other developing countries, including Brazil. JEL Classification: O01; N01.

Keywords: capitalism; models; varieties of capitalism (search for similar items in EconPapers)
Date: 2012
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