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Article

Модели современного капитализма: основы сравнительного институционального анализа

Экономическая социология. 2008. Т. 9. № 5. С. 17-29.

Economic systems of the developed societies, which traditionally are labeled 'capitalist' or 'market' ones, are rather heterogeneous in reality. There are several independent economic models that differ in socio-economic, political and ideological respects. The paper covers a range of methodological approaches to the comparative analysis of economic systems, and sketches its basic typology comprising 'liberal capitalism' of Anglo-Saxon world and 'non-liberal capitalism' of continental Europe, Japan and some other countries. Two models of capitalism are differentiated by the type of economic agents and institutional setting. Each of them holds specific competitive advantages, which enables them more or less successfully to reduce socio-economic problems. Unfolding globalization does not imply convergence and unification of economic practices. Rather hybridization takes place implying institutional changes that enable economic models to meet the new challenges.