Towards a More Dynamic Theory of Capitalist Variety

King's College London, Department of Management, Research Paper No. 40

49 Pages Posted: 1 Jun 2006

See all articles by Richard Deeg

Richard Deeg

Temple University

Gregory Jackson

Freie Universität Berlin

Multiple version iconThere are 2 versions of this paper

Date Written: March 2006


In this paper we analyze the comparative capitalisms literature, which encompasses several analytical frameworks, but shares common concerns in understanding the institutional foundations of diverse national 'varieties' of capitalism. One widespread weakness within this literature has been its static analysis and bias toward predicting institutional stability rather than change. Our contention is that introducing more dynamism into this literature must proceed on three distinct levels: the micro, meso, and macro. On the micro level, it needs to develop a less deterministic view of institutions that incorporates a stronger understanding of how actors reshape institutions, not only as constraints on particular courses of action, but also as resources for new courses of action that (incrementally) transform those institutions. On the meso-level, it needs to specify more carefully the linkages among institutions and institutional domains and theorize how change in one affects change in the other. At the macro level, it needs to incorporate a compelling view of national and international politics that draws upon a theory of coalitional dynamics and the impact of particular rule-making processes that governs institutional reform in each nation.

Keywords: Varieties of Capitalism

JEL Classification: P51, P12, F23

Suggested Citation

Deeg, Richard and Jackson, Gregory, Towards a More Dynamic Theory of Capitalist Variety (March 2006). King's College London, Department of Management, Research Paper No. 40 , Available at SSRN: or

Richard Deeg (Contact Author)

Temple University ( email )

Philadelphia, PA 19122
United States

HOME PAGE: http://

Gregory Jackson

Freie Universität Berlin ( email )

Boltzmannstrasse 20
D-14195 Berlin, 14195


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