Many different varieties of capitalism have developed in the twentieth century. Despite the rhetoric of globalization, they are continuing to diverge because of significant differences in dominant institutions. Divergent Capitalisms highlights the major differences between business systems in...

A central tenet of economic sociology is that culture and regulatory institutions help to constitute the nature of economic actors and guide their actions, thus affecting economic outcomes (see, e.g., DiMaggio, 1994; Smelser and Swedberg, 1994). As socially organised agents operating in different...