Paul Dragos Aligica - Capitalist Alternatives: Models, Taxonomies, Scenarios

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Capitalist Alternatives

The books objective is to explore the challenge of thinking methodically in a theoretically and empirically informed way about alternative forms of capitalism. What are the most effective ways to conceptualize the existing models of capitalism that have captured the public imagination and are currently floating around in the public debate? How can one mobilize empirical analysis and theory in thinking about the realm of possibilities and about the future of economic order, but avoid the twin perils of scientism and historicism? This book is an attempt to respond to these and related challenges.

First, it delves into the substantive aspect of the debate, taking a closer look at a set of particular forms and models of capitalism that are currently discussed both in mass media and in academic circles as plausible, or at least possible, alternatives to the status quo: Crony, State, Regulatory, and Entrepreneurial Capitalisms. By elaborating and clarifying those models, it engages in a heuristic exercise that leads to a better understanding of the task of explaining and assessing, in a theoretically informed way, the diversity of forms of capitalism.

Second, the book takes a step further, looking at the epistemic, theoretical, and methodological dimensions of the discussion: What is involved, more precisely, in our classifying and theorizing of capitalist systems and their historical evolution? What is the epistemic basis for building plausible conjectures about the future evolution of an economic system? What are the logical and methodological parameters of our endeavors that deal with economic systems, or with the problem of continuity and change in comparative economic systems? Offering an original approach to the problem of alternative forms of capitalism, this book will be of great interest to scholars working in the field of comparative political economy.

Paul Dragos Aligica is Senior Research Fellow at the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at Mercatus Center, George Mason University, where he teaches in the graduate program of the Economics Department.

Vlad Tarko is a Fellow at the Mercatus Center and a doctoral candidate in the Economics Department of George Mason University.

Routledge Advances in International Political Economy

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2	Classical Liberalism and International Economic Order Studies in theory and intellectual history Razeen Sally
3	Coping with Globalization Jeffrey Hart and Aseem Prakash
4	Responding to Globalization Jeffrey Hart and Aseem Prakash
5	Japanese Capitalism in Crisis A regulationist interpretation Edited by Robert Boyer and Toshio Yamada
6	Globalization and Social Change Edited by Johannes Dragsbaek Schmidt and Jacques Hersh
7	Multilateralism and the World Trade Organisation The architecture and extension of international trade recognition Rorden Wilkinson
8	Foreign Direct Investment, Democracy and Development Assessing contours, correlates and concomitants of globalization Indra de Soysa
9	Rethinking International Organization Deregulation and global goverance Barbara Emadi-Coffin
10	Technology, Governance and Political Conflict in International Industries Tony Porter
11	Americas Trade Policy towards Japan Demanding results John Kunkel
12	Chinese Capitalism in a Global Era Towards hybrid capitalism Henry Wai-chung Yeung
13	The World Bank and Africa The construction of governance states Graham Harrison
14	Welfare, Right and the State A framework for thinking David P. Levine
15	Regional Trade Integration and Conflict Resolution Shaheen Rafi Khan
16	Contested Capitalism The political origins of financial institutions Richard W. Carney
17	Economic Growth, the Environment and International Relations The growth paradigm Stephen James Purdey
18	Variety of Capitalism, Types of Democracy and Globalization Edited by Masanobu Ido
19	States, Nonstate Actors, and Global Governance Projecting polities Edward A. Fogarty
20	The Political Economy of Space in the Americas The new Pax Americana Alejandra Roncallo
21	Trade, Development and Globalization S. Javed Maswood
22	Transatlantic Politics and the Transformation of the International Monetary System Michelle Frasher
23	Global Criminal and Sovereign Free Economies and the Demise of the Western Democracies Dark renaissance Edited by Robert J. Bunker and Pamela Ligouri Bunker
24	Capitalist Alternatives Models, taxonomies, and scenarios Paul Dragos Aligica and Vlad Tarko

Capitalist Alternatives

Models, taxonomies, and scenarios

Paul Dragos Aligica and Vlad Tarko

First published 2015
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

and by Routledge
711 Third Avenue, New York, NY 10017

Routledge is an imprint of the Taylor & Francis Group, an informa business

2015 Paul Dragos Aligica and Vlad Tarko

The right of Paul Dragos Aligica and Vlad Tarko to be identified as authors of this work has been asserted by them in accordance with the Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

Library of Congress Cataloguing in Publication data
Aligica, Paul Dragos.
Capitalist alternatives : models, taxonomies, scenarios / Paul Dragos Aligica and Vlad Tarko.
pages cm. (Routledge advances in international political economy; 24)
Includes bibliographical references and index.
1. Capitalism. I. Tarko, Vlad. II. Title.
HB501.A543 2014
330.122dc23
2014018721

ISBN: 978-1-138-78984-5 (hbk)
ISBN: 978-1-315-76458-0 (ebk)

Typeset in Times New Roman
by Out of House Publishing

Contents

PART I Microeconomics, institutions, and ideas

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