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Comparing Capitalisms: Debates, Controversies and Future Directions

Wood, Geoffrey and Allen, Matthew MC (2020) 'Comparing Capitalisms: Debates, Controversies and Future Directions.' Sociology, 54 (3). pp. 482-500. ISSN 0038-0385

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Various strands of the comparative capitalisms (CC) literature agree that the advanced economies have liberalized in recent years, bringing with it rising income and wealth inequality and job insecurity; although these perspectives differ in important ways, there is much common ground between them to explain this heightened level of inequality and insecurity. Through reviewing contributions to three key CC perspectives since 2007/2008, we argue that they have tended to focus on developments in co-ordinated market economies, leading to a neglect of growing structural crises in liberal market economies, which have contributed to the UK and the US entering uncharted socio-political waters. We extend recent work that emphasizes how variation between countries in labourmarket institutions, different corporate forms and states’ fiscal policies help to explain income and wealth inequality to highlight future research agendas that seek to combine more systematically these institutional areas to explain social inequalities, workers’ experiences and socio-political crises within capitalist systems.

Item Type: Article
Uncontrolled Keywords: comparative capitalism; economic sociology; inequality
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Essex Business School
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 29 Nov 2019 18:32
Last Modified: 18 Aug 2022 10:38

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