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| According to the book ], there are many different ways of organizing a capitalist economy. There seems to be two extremes the Coordinated Market Economy (CME), which captures certain salient features of Scandinavian countries and |
According to the book ], there are many different ways of organizing a capitalist economy. There seems to be two extremes the Coordinated Market Economy (CME), which captures certain salient features of northern Europe (in particular Scandinavian countries and Germany to a certain extent), and a Liberal Market Economy (LME), similar for a US style economy and perhaps other Anglosaxon economies.<ref>Ben Ross Schneider and David Soskice: Inequality in developed | ||
| countries and Latin America: | |||
| coordinated, liberal and | |||
| hierarchical systems. Economy and Society Volume 38 Number 1 February 2009: 17-52</ref> | |||
| {{Reflist}} | |||
Revision as of 07:18, 5 October 2012
According to the book Varieties of Capitalism, there are many different ways of organizing a capitalist economy. There seems to be two extremes the Coordinated Market Economy (CME), which captures certain salient features of northern Europe (in particular Scandinavian countries and Germany to a certain extent), and a Liberal Market Economy (LME), similar for a US style economy and perhaps other Anglosaxon economies.
- Ben Ross Schneider and David Soskice: Inequality in developed countries and Latin America: coordinated, liberal and hierarchical systems. Economy and Society Volume 38 Number 1 February 2009: 17-52