Varieties of capitalism and national systems of innovation : a new perspective on the convergence debate

Karaoğuz, Hüseyin Emre
The main objective of this thesis is to propose a new perspective in terms of the convergence debate as it is discussed in varieties-of-capitalism (VoC) literature. The initial configuration of VoC stance as well as a part of the literature foresees the convergence of hybrids to a liberal market economy. By revisiting the core arguments of national-systems-of-innovation approach as well as the elaborations of the various critiques of VoC stance, we will propose the opposite. If we are to take ‘innovation’ as a starting-point of analysis and favor government intervention with respect to it, hybrids are more likely to converge to a political economy that resembles more a coordinated-one. However the meanings of the key terms such as ‘coordinated-market-economy’ and ‘convergence’ will be re-evaluated to be able to provide an adequate standpoint in terms of the convergence debate.


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The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reach...
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The proliferation and differentiation processes in critical approaches on agrifood relations since the late 1980s can be seen as the rise of critical agrifood studies. When compared to the peasant studies of the era between the late 1960s and the late 1980s, critical agrifood studies signifies a radical theoretical reorientation in the field that especially becomes apparent in the post-developmentalist turn manifested in the contemporary agrarian/peasant question formulations. On this ground, by focusing on...
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Citation Formats
H. E. Karaoğuz, “Varieties of capitalism and national systems of innovation : a new perspective on the convergence debate,” M.S. - Master of Science, Middle East Technical University, 2012.