ABSTRACT

This book set out firstly to explore the historical routes into the varieties of capitalism, distinguishing between the liberal economies of Britain and the United States and the continental capitalisms of France and Germany. The aim has been to do this through the debate on primary institutions, in particular the institutions of property rights and legal systems and what I have called in short-hand ‘the nature of the state’. In other words, one aim was to establish and make the connections between the varieties of capitalism debate, which focuses on the meso-institutions of corporate governance and labour markets, and the primary institutions underlying corporate governance and labour markets, namely those of property rights and legal systems and the nature of the state.