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The Effects of Political Institutions on Varieties of Capitalism
Matthew P. Arsenault
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Description for The Effects of Political Institutions on Varieties of Capitalism
Hardback. Num Pages: 204 pages, 4 black & white illustrations, 9 colour illustrations, biography. BIC Classification: KCA; KCP; KCS; KFFD. Category: (P) Professional & Vocational. Dimension: 210 x 148. Weight in Grams: 411.
This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to ... Read more
This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Springer International Publishing AG Switzerland
Number of pages
204
Condition
New
Number of Pages
204
Place of Publication
Cham, Switzerland
ISBN
9783319508917
SKU
V9783319508917
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Matthew P. Arsenault
Matthew P. Arsenault is Assistant Professor of Political Science at Mount Aloysius College, USA. He previously served as a Presidential Management Fellow with the Consumer Financial Protection Bureau.
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