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Five models of capitalism

Author

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  • Luiz Carlos Bresser-Pereira

Abstract

Besides analyzing capitalist societies historically and thinking of them in terms of phases or stages, we may compare different models or varieties of capitalism. In this paper I survey the literature on this subject, and distinguish the classification that has a production or business approach from those that use a mainly political criterion. I identify five forms of capitalism: among the rich countries, the liberal democratic or Anglo-Saxon model, the social or European model, and the endogenous social integration or Japanese model; among developing countries, I distinguish the Asian developmental model from the liberal-dependent model that characterizes most other developing countries, including Brazil. JEL Classification: O01; N01.

Suggested Citation

  • Luiz Carlos Bresser-Pereira, 2012. "Five models of capitalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(1), pages 21-32.
    • Handle: RePEc:ekm:repojs:v:32:y:2012:i:1:p:21-32:id:339
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/339/331
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    Cited by:

    1. Nölke Andreas, 2018. "Dependent versus state-permeated capitalism: two basic options for emerging markets," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(4), pages 269-282, December.
    2. Arik Sadeh & Claudia Florina Radu & Cristina Feniser & Andrei Borşa, 2020. "Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries," Sustainability, MDPI, vol. 13(1), pages 1-30, December.

    More about this item

    Keywords

    capitalism; models; varieties of capitalism;
    All these keywords.

    JEL classification:

    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods

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