What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role...

"The economic crisis that began in 2008 has underscored the impact not only of embedded and assumed ways of managing the economy, but also that present circumstances are the product of a long period of experimentation and bounded diversity; it is understanding the nature of both that forms a...

Acknowledgements -- Preface -- List of abbreviations -- Introduction -- Primary institutions : property rights, legal systems, the state - theories and concepts -- Meso-institutions : varieties of capitalism and comparative corporate governance : theories and concepts -- How did Britain's "good"...

This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time. Drawing on the...