It takes the average reader 3 hours and 27 minutes to read The Effects of Political Institutions on Varieties of Capitalism by Matthew P. Arsenault
Assuming a reading speed of 250 words per minute. Learn more
This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to nonmarket coordination mechanisms unlikely. Consensus institutions, on the other hand, promote an atmosphere of cooperation and coordination between actors, thus encouraging credible commitment to nonmarket coordination mechanisms. Qualitative case studies of Germany, Britain, and New Zealand confirm the quantitative findings and suggest that political regimes were instrumental in shaping the economic adjustment paths of these countries during the era of liberalization in the 1980s.
The Effects of Political Institutions on Varieties of Capitalism by Matthew P. Arsenault is 204 pages long, and a total of 51,816 words.
This makes it 69% the length of the average book. It also has 63% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 4 hours and 43 minutes to read The Effects of Political Institutions on Varieties of Capitalism aloud.
The Effects of Political Institutions on Varieties of Capitalism is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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