In a 2020 paper, a non-Men At Work-affiliated Colin Hay argues that this theory is partly responsible for scholarly confusion about the 2008 financial crisis. For 10 points each:
[10h] Name this framework of political economy developed in a 2001 book by Peter A. Hall and David Soskice, which compares ideal-type liberal market economies and coordinated market economies.
ANSWER: varieties of capitalism [accept, but DO NOT REVEAL, Varieties of Capitalism: The Institutional Foundations of Comparative Advantage]
[10e] Varieties of capitalism theories posit that this phenomenon is at least partly a function of institutions. Ricardo illustrated this phenomenon through the example of England and Portugal trading wine and cloth.
ANSWER: comparative advantage
[10m] Varieties of capitalism theorists synthesize literatures such as this economist’s neo-corporatism theory. This thinker argued that interest groups slow change through “institutional sclerosis” in The Rise and Decline of Nations.
ANSWER: Mancur Olson (“MAN-sur OHL-sun”) [or Mancur Lloyd Olson, Jr.]
<Henry Atkins, Social Science>