Tag Archives: varieties of capitalism

China is getting on wheels: varieties of development, car market reform and globalization

Posted on October 25, 2017 by Oleg Komlik

by Qiushi Feng* China is getting on wheels. Over the past three decades, with unparalleled speed, China has emerged as the world’s largest producer and consumer of passenger cars. Such a rapid growth is accompanied by profound changes of the … Continue reading →

Posted in Books, community members posts | Tagged China, development, globalization, ideas, institutions, markets, varieties of capitalism | Leave a comment

David Ricardo: What is the Key Problem in Political Economy?

Posted on April 21, 2017 by Oleg Komlik

David Ricardo (1772 – 1823) was a prominent classical economist who gave systematized form to the rising discipline of ‘economics’, rightly termed then as ‘political economy’. The opening paragraph of his book On The Principles of Political Economy and Taxation (1817) contributes to … Continue reading →

Posted in Books, Oleg Komlik | Tagged economics, Political economy, varieties of capitalism | 2 Comments

What is Political Economy? It is Essentially a Historical Science

Posted on August 27, 2016 by Oleg Komlik

In December 1867 a German positivist philosopher and economist Eugen Dührings published a critical review of Karl Marx’s Capital. Dühring, inter alia, disapproved the Marxist labour theory of value and asserted, based on his own concept of “ethics of sympathy”, that a dichotomy between … Continue reading →

Posted in Books, Oleg Komlik | Tagged Economic Sociology, embeddedness, institutional change, Marxism, Political economy, varieties of capitalism | 5 Comments

Neoliberalism and the political economy of corporate governance

Posted on May 22, 2016 by Oleg Komlik

Major corporate frauds and scandals since the early 2000s (e.g. WorldcCom, Enron, Arthur Andersen, Bear Stearns, Lehman Brothers) and the 2008 financial crisis have not just exposed the inherent destructiveness of the neoliberal economy and economics, but also turned the crucially important spotlight towards … Continue reading →

Posted in Papers | Tagged corporate governance, ideas, law, neoliberalism, Political economy, shareholder value, varieties of capitalism | Leave a comment

The politics of fiscal policies: the lessons of history

Posted on July 23, 2015 by Oleg Komlik

Throughout the recent years of the crisis, the EU bodies and the German leaders have constantly oppressed Greece. They have pushed Greek people towards the abyss of austerity in the name of “fiscal responsibility” and “self-evident economic truths”. But essentially, it is … Continue reading →

Posted in Books | Tagged economic history, fiscal sociology, institutional change, institutions, policy, politics, taxation, varieties of capitalism | Leave a comment

Democracy matters: the extension of the franchise and its impact on financial systems

Posted on May 22, 2015 by Oleg Komlik

For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance, the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading →

Posted in Papers | Tagged banking system, capital, democracy, elites, financial system, institutional change, institutions, Political economy, varieties of capitalism | Leave a comment

Community Capitalism in China: the State, the Market, and Collectivism

Posted on April 8, 2015 by Oleg Komlik

“Planning and market forces are not the essential difference between socialism and capitalism. A planned economy is not the definition of socialism, because there is planning under capitalism; the market economy happens under socialism, too. Planning and market forces are … Continue reading →

Posted in Books | Tagged capitalism, China, Economic Sociology, embeddedness, fieldwork, institutional change, institutions, social networks, socialism, state, varieties of capitalism | Leave a comment

From Socialism to Neoliberalism: the case of Central Eastern European countries

Posted on February 17, 2015 by Oleg Komlik

The transition from communism or socialism to capitalism has proved to be a rockier road than many in the West (think of Fukuyama as an example) anticipated. The degree and character of challenges that countries faced during the transition depended … Continue reading →

Posted in Papers | Tagged debt, democracy, Europe, financial crisis, inequality, institutional change, institutions, labor, neoliberalism, Political economy, Post-communist countries, privatization, socialism, varieties of capitalism | 5 Comments

The incredible collapse of Ireland’s Celtic Tiger: corporatism, neoliberalism and globalization run amok

Posted on January 25, 2015 by Oleg Komlik

In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European economies. Not long ago, however, Ireland was … Continue reading →

Posted in Books | Tagged banking system, comparative political economy, debt, Economic Sociology, embeddedness, financial crisis, financialization, fiscal sociology, globalization, Ireland, neoliberalism, Political economy, politics, varieties of capitalism | 1 Comment

Latin American capitalism: multinational corporations, business groups, low skills and segmented labor markets

Posted on January 8, 2015 by Oleg Komlik

In the course of the last three decades, tectonic changes have occurred in much of Latin America: Many authoritarian governments have been replaced by democracies, and ‘free-market’ principles have supplanted many of the policies of the past. But the redevelopment … Continue reading →