Talk:Varieties of Capitalism

Merge in coordinated market economy

Should coordinated market economy be merged into this article Varieties of Capitalism.

Survey

Where does the information come from? Are these neutral sources? If biased, is that bias noted?

    The information comes from the work of professor Peter A. Hall  and David Soskice who currently are professors at Harvard and Oxford University which are regarded highly prestigious.  The sources are neutral and do not show any signs of being biased.  The information is definitive and formal, the classifications of LME’s and CME’s are not favoured towards one or the other.

    In a number of instances it appears that the creator of this article draws from personal understanding of the topic without using a proper source.  This can be seen when the publisher says “(LME and CME, however there is a third type which is "Hybrid" which consists of countries in the mediterranean ring”.  It is unclear where this hybrid classification of capitalism has come from and even more unclear what countries within the mediterranean ring use this approach.  

    Additionally, it is stated that other authors have developed frameworks to define alternate versions of capitalism but, no citation is referenced for the listed frameworks.  Reviewing the sources one can see that there is a reference that similarly matches to this information although there is no way to be sure.  Wikipedia strives for legitimacy in the works that it publishes which is why information needs to be properly linked to its appropriate origin.

Is each fact referenced with an appropriate, reliable source?

    The article “Varieties of Capitalism” does provide information from a reliable source, however it is not referenced in an appropriate manner.  The publisher of the article included a citation at the end of the article but failed to include in text citations which can easily add confusion between which source relates to which piece of information, furthermore when the article is edited and more information is documented under this page there would then be multiple more citations which would not let readers distinguish where each statement has come from.  For example, the five spheres of coordinated market economies can not be distinguished from the two references provided at the end of the article.
 In order to remedy this one would need to apply a parenthetical citation directly after the 5 spheres to clarify which reference the statement/classification belongs to.  The citation provided also do not provide page references, which is important because books that consist of of upwards of three to four hundred pages will prove troublesome to locate specific information addressed in wiki articles. 

Additionally, the second citation is not referenced once in the article provided which gives question to the legitimacy of the article. It is crucial for that information is cited and equally as important that information is not wrongfully cited. It can not be said with certainty that second reference is used in this article.

Do the links work? Is there any close paraphrasing or plagiarism in the article?

The external link titled “Peter A. Hall” is broken and the link “David Soskice” does not bring the user to the proper location and there does not appear to be any signs of close paraphrasing or plagiarism in the article.

Third Type of Economy Addressed

The user identifies LMEs and CMEs; however, there is a third type of economy called a demand economy. Certain characteristics of a demand economy are as follows: It is also called a planned economy, the government owns all the economic resources and all the factors of production, the government decides the answers to the 3 fundamental economic questions, the government decides the allocation and channelization of scarce economic resources, there is no interplay of the market forces of demand and supply and the pricing mechanism in deciding this allocation, there is government regulation controlling almost every aspect of people's lives, people do not own the economic resources, there is no place for private initiative and no incentives at work, and the political system which goes with this economic style is called a socialist / communist system. </ref>[1]<ref>{{cite web|title=Economic Systems >> 3 Major Economic Systems|url=http://www.econmentor.com/fundamental-economics-hs/economic-systems/

The user addresses what the user calls a "hybrid economy," but does not reference to a CME when stating it. Rather, the user refers to a "hybrid" economy as a third type. A CME is a "hybrid" economy. The one not mentioned is the command economy. One reason the user may not mention this type of economy is because it technically is not a capitalist economy; however, for the reader's convenience, I think it would be beneficial to at least mention this economy and list some characteristics of it as I have done above. Doing this, a reader will have an adequate understanding of all three types of economies, and can further research any of the three elsewhere if they wish. They will know what to better look for then.

Examples of nations with these types of economies would be beneficial to the reader as well. Nations with a demand economy would be the former Soviet Union and China.

A point made by the Wiki editors is that the user relies too heavily on the primary source for information. Various sources explain the topic slightly differently, so combining the definitions and taking examples from other sources would create a more complete idea of the subject.

For more definitions, examples, pros, and cons, review these sources.

https://davidg.atavist.com/differences-between-liberal-versus-coordinated-market-economies https://orenlitwin.com/2012/06/11/coordinated-versus-liberal-market-economies/ https://themarketmogul.com/the-varieties-of-capitalism/ https://research-methodology.net/liberal-and-coordinated-market-economies/ — Preceding unsigned comment added by Dltaylor (talk • contribs) 21:01, 16 November 2017 (UTC)

New section - Reception

Hello! I am very excited to add some more stuff to this article to help add to Wikipedia's info regarding VoC research. I thought it would be useful to have a section on reception of the VoC book. I have added one interesting paragraph here so far, about the former UK Leader of the Opposition being influenced by the book.

I intend to add more to this section, including a number of researcher's reactions and criticisms of the book. Both coming from theoretical criticisms by Mark Blyth, Colin Crouch and empirical by Mark Taylor, Lane Kenworthy.

In other words, watch this space!Meangreenbeanmachine (talk) 13:34, 22 September 2020 (UTC)

Germany LME CME

"Germany was often described as a CME, but following the Hartz reforms, this viewpoint has become highly contestable."

Can you please cross check this, Hartz reforms were highly market liberal, I would expect the result to be CME -> LME, not the other way around as described in the text. — Preceding unsigned comment added by 27.125.143.29 (talk) 13:39, 28 January 2021 (UTC)