The long-term trajectories of institutional change in European capitalism

Abstract

The article provides a theoretical overview and empirical summary of the contributions to this collection. The collection makes four contributions to the literature on comparative capitalism. First, its analysis of institutional change adopts a long-term historical perspective that allows us to observe the potentially transformative effects of relatively slow and incremental changes. Second, it examines the linkages between four levels of institutions that regulate the economy – the international, macro (national), meso and micro. Third, the national case studies compare change and linkages across six core institutional domains. And fourth, the cases show how institutions are shaped by different sets of socio-political compromises.