Philippe C. Schmitter Arpad Todor

Varieties of Capitalism and Types of Democracy

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The relationship between capitalism and democracy has been an extensively studied and "essentially contested" one. The essay analyzes this potential relationship by defining and operationalizing the variables related to the concepts of Variety of Capitalism (VOC) and Type of Democracy (TOD). The study shows there is a general correlation between VOCs and TODs.


  • JEL Classification: P1 - Capital systems
  • P16 - Political Economy
  • O1 - Economic Development


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