Varieties of Capitalism and New Institutional Deals

Regulation, Welfare and the New Economy

Studies in Evolutionary Political Economy series

Edited by Wolfram Elsner, Professor of Economics, iino - Institute for Institutional and Innovation Economics, Faculty of Business Studies and Economics, University of Bremen, Germany and Hardy Hanappi, University of Technology, Institute for Mathematical Methods in Economics, Research Group Economics, Vienna, Austria

In response to global and technological challenges, this important new book highlights the continuing diversity of national institutional reconfigurations and policy reforms from an institutional-economics perspective. The distinguished contributors offer a fresh and critical appraisal of three interconnected fields of research; ‘varieties of capitalism’, the ‘new economy’ and ‘new institutional deals’. In so doing, this book will undoubtedly become a benchmark for the analysis of comparative institutional systems and for the further development of institutional-economic theory, and state and policy reform.

‘This collection of essays goes well beyond the technical exercises that have become standard in complexity modeling and brings to life in a very accessible and pragmatic way economists’ growing concern with contingency, institutions, history, variety, information, power and policy. This is an important book for those interested in the likely future direction of economic methodology and policy modeling.’
– William Milberg, New School for Social Research, New York, US

‘All too often, orthodox economics presumes economic laws to be timeless and universal, while paying scant attention to real world institutions. Wolfram Elsner and Hardy Hanappi have assembled seventeen papers by a diverse international collection of recognized scholars and rising stars that dispense with the cookie-cutter approach and get down to the important work of identifying the institutional and cultural specificities that characterize capitalism in the 21st century. Successful policies for real development depend crucially on the kinds of analyses found in this most welcome volume.’
– Mathew Forstater, University of Missouri-Kansas City, US