This essay reviews the development of approaches within the comparative capitalisms (CC) literature and points to three theoretical innovations which, taken together, define and distinguish these approaches as a group. First, national economies are characterized by distinct institutional...

Die Problematik der Ungewissheit hat sich zu einem zentralen theoretischen Ausgangspunkt wirtschaftssoziologischer Forschung entwickelt. Das Papier diskutiert die Frage, inwieweit Ungewissheit tatsächlich als paradigmatischer Ansatzpunkt zur Untersuchung wirtschaftlicher Phänomene aus...

This paper suggests a two-dimensional concept of nonliberal capitalism: coordinated capitalism (as described in the varieties of capitalism framework) and organized capitalism. While the coordination function of institutions canalizes individual maximization strategies of firms in order to...

Uncertainty is endemic to innovative economies and complex societies, but policymakers underestimate how damaging this is for many of their guiding assumptions. In particular, the discourse of best practice, "global solutions for global problems," and regulatory harmonization becomes...

Using aggregate analysis, this paper examines the core contentions of the "varieties of capitalismʺ perspective on comparative capitalism. We construct a coordination index to assess whether the institutional features of liberal and coordinated market economies conform to the predictions of the...