The varieties of capitalism (VoCs) approach has the potential to transform economics. It implicitly emphasizes the … theory to include a distinction between varieties and varietals of capitalism. Drawing on biology, varieties correspond to … inevitably involve choice means there is an inescapable normative question regarding what type of capitalism society will have. …

Economic integration and globalization are expected to promote economic growth and convergence. This article offers a … crises, and compares their dynamics in time. According to the results, coherently with globalization pressures, clusters have … the classifications provided by the varieties of capitalism theory …

- globalization, technological advance and financialization (GTF) - that have weakened the connections between economies and societies …