June 2021, Paper: "Capitalism is not a rigid system. It has evolved and changed over time, shaped by local history, social pressures, and crises. Today, it is commonplace to contrast the “state capitalism” of China with the less state-directed version in the West. But even within Europe and North America, there are significant differences among Nordic corporatist and the Anglo-American variants of the market economy. And all these contemporary models of capitalism differ from the historical versions that prevailed until the emergence of the welfare state after the 1930s."
HKS Author - Dani Rodrik
Non-HKS Author Website - Stephanie Stantcheva