TY - JOUR AU - Bresser-Pereira, Luiz Carlos PY - 2012/01/01 Y2 - 2024/03/28 TI - Five models of capitalism JF - Brazilian Journal of Political Economy JA - BJPE VL - 32 IS - 1 SE - DO - UR - https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/339 SP - 21-32 AB - <p>Besides analyzing capitalist societies historically and thinking of them in terms of phases or stages, we may compare different models or varieties of capitalism. In this paper I survey the literature on this subject, and distinguish the classification that has a production or business approach from those that use a mainly political criterion. I identify five forms of capitalism: among the rich countries, the liberal democratic or Anglo-Saxon model, the social or European model, and the endogenous social integration or Japanese model; among developing countries, I distinguish the Asian developmental model from the liberal-dependent model that characterizes most other developing countries, including Brazil.</p><p><strong>JEL Classification:</strong> O01; N01.</p> ER -