Diversity and Renewal of the Different Forms of Capitalism

Robert Boyer ()
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Robert Boyer: EHESS, Ecole des Hautes Etudes en Sciences Sociale et Institut des Amériquesstitut des Amériques

Chapter Chapter 9 in Political Economy of Capitalisms, 2022, pp 215-260 from Springer

Abstract: Abstract Within regulation analytical framework, there are no reason for any convergence of all economies toward a canonical and superior form of capitalism. There are many theoretical and historically observed mix of market, firm, state and community logics. The primacy of political coalition in the design and architecture of institutional forms is another source of diversity across nations. Furthermore, two key processes govern the evolution of capitalisms, respectively endometabolism and hybridization. Creative destruction is not only the outcome of competition, but of these other processes. The diversity of past and present capitalisms is a major stylized fact and display contrasted mix of short run flexibility, dynamic efficiency and social justice objectives. China is a good example of adaptability of capitalist relations to a quite different society. Contrary to a common intuition, internationalization has polarized contrasted trajectories across the four continents.

Keywords: Diversity of capitalisms; Chinese capitalism; Endometabolism; Hybridization; Latin America; Europe; Asian capitalisms; Soviet Regime (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-19-3536-7_9

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