Varieties of Hierarchical Capitalism: Family and State Market Economies in East Asia

Crawford School of Public Policy | Arndt-Corden Department of Economics

Event details

ACDE Seminar

Date & time

Tuesday 18 June 2013


Coombs Seminar Room B, Coombs Building, Fellows Road, ANU


Richard W Carney, ANU


Daniel Suryadarma

Through an examination of East Asian economies, this paper proposes two new capitalist ideal-types: Family Market Economies and State Market Economies. In contrast to the Coordinated and Liberal Market Economy types presented by Hall and Soskice (2001), the new capitalist ideal-types proposed here display alternative forms of hierarchical coordination. These ideal-types are also genuinely novel models of capitalism because they exhibit distinct and stable institutional structures and comparative advantages.

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