[4] Varieties of Capitalism includes an introductory chapter by Hall and Soskice, as well as further chapters by Kathleen Thelen, Robert J. Franzese, Jr., Margarita Estevez‐Abe, Torben Iversen, Soskice, Isabela Mares, Orfeo Fioretos, Stewart Wood, Pepper D. Culpepper, Robert C. Hancké, Sigurt Vitols, Mark Lehrer, Steven Casper, Gunther Teubner, and Jay Tate.
[5] For instance, by categorizing the different OECD countries into LMEs and CMEs, Hall and Soskice identify another type - ‘Mediterranean capitalism’ (e.g. France, Italy, Spain, Portugal, Greece and Turkey).
Mediterranean capitalist political economies are said to have market arrangements in labour relations but non-market coordination in capital procurement as a result of a large agrarian sector and extensive state interventions in recent history.
[8] According to the book, institutions are shaped not only by the legal system, but by informal rules or common knowledge acquired by actors through history and culture of one nation.
[16] Mark Blyth responds to this implicit explanation of the Eurosclerosis found in Southern European states, with their mixed institutions, by arguing that many of those countries have not actually underperformed the US and that unemployment metrics are not cross-comparable when considering the US’s mass incarceration.
[17] Mark Taylor has questioned Soskice and Hall’s claim that ideal-types of CMEs and LMEs show innovative specialization in different subject areas.
[19] The approach continues to influence important work in the area of socio-economics, including how institutions structure firms' and countries' responses to the climate emergency.