Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 16 January 2021

Abstract and Keywords

This article considers the challenges confronting students of political economy in the contemporary period, which can be characterized as the task of moving from the analysis of comparative statics to a more genuinely dynamic model of institutional evolution and change. It considers the strengths and weaknesses of the varieties of capitalism (VoC) and ‘pragmatic constructivist’ (PC) approaches to the study of labour market institutions and political–economic change. The article also makes the case for an alternative historical–institutionalist framework for analysing institutions and institutional change that weaves together key insights from the VoC and PC literatures, but combines these in a way that avoids both the determinism of the former and the indeterminacy of the latter. It concludes by suggesting an agenda for research.

Keywords: political economy, comparative statics, capitalism, pragmatic constructivist, labour market

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.