Comparative Political Economy
Comparative political economy (CPE) is the subfield that asks how political institutions and markets interact to produce different economic outcomes across capitalist democracies, and the macro-comparative research strategy that subfield employs. Rather than treating the economy as a self-contained system, CPE treats production regimes, labor markets, finance, welfare states, and innovation as politically constructed and institutionally embedded, then compares how distinct national configurations — for instance the liberal market economies and coordinated market economies of Hall and Soskice's varieties-of-capitalism framework — generate systematically different patterns of wages, growth, inequality, and adjustment. The approach combines small-N case comparison and large-N cross-national analysis under a shared institutionalist logic.
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- Hall, P. A., & Soskice, D. (Eds.). (2001). Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford University Press. · ISBN 9780199247752
- Hancke, B. (Ed.). (2009). Debating Varieties of Capitalism: A Reader. Oxford University Press. · ISBN 9780199551521
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