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Index adaptation benefits, 27, 36, 82, 84, 148, 167, 174, 198 adaptation losses definition, 30 directives, role of, 32–33 external, 31–32, 84–85, 98, 154, 161, 181 firms, effect on, 31–34, 47, 55, 70, 82 government, role of, 29–37, 41, 173–74, 180–81, 183 maladaptation costs, relationship to, 30–31, 197 preference transformations, role of, 29–30, 55 Adenauer, Konrad, 145–46 adjustment benefits, 27–29, 36–37, 61, 174 adjustment costs, 31, 197 See also adaptation losses; maladaptation costs Advisory Council of the Economics Ministry (Germany), 151 Allied powers, 137, 138, 140, 143 Alternative Economic Strategy, 89 analytical narratives tradition, 13, 101 Association of German Banks (BdB), 160 Aubry laws, 129–31 Auroux laws, 129–30 balance of payments, 72, 74, 107, 116, 118–21, 124 Bank of England, 88–89 Bardhan, Pranab, 183 Barre, Raymond, 114–17 Beaver, Hugh, 73, 75 behavioral economics, 12–13, 39–41, 45, 49–51, 176–79, 199 behavioral institutionalism contributions, 13–14, 39–41, 81 credible commitments, 13, 95–96 variant of historical institutionalism, 13, 176–79 behavioral rationality models, 14, 42, 45, 49–51, 55–57, 62–67, 185–87 bilateralism, 108, 119, 144–45, 181, 195 biotechnology industries, 28, 90, 157 Blair, Tony, 87–91, 93–96 blockholding arrangements, 18, 25, 102, 123–25, 139, 143, 161, 162 Bretton Woods, 76, 151 Britain adaptation benefits, 82, 84 adaptation losses, 32, 84–85, 91–98 corporate governance system, 68, 71, 80, 86, 89, 95 domestic reforms, 3–4, 68–69, 73–75, 78–81, 84–87, 173 economic models, 19, 24, 68–74, 80, 94–98 exports, 72, 75–78, 83 financial services industries, 36, 68, 71, 73, 77, 82, 84, 86, 89 financial system 73, 78, 80–82, 84–86, 88–91 firms, role of, 69, 73–77, 81–83, 86, 93 industrial relations system, 68, 71, 73, 78, 80, 86, 89, 175 industrialization, 7, 74–76 innovation system, 68, 71, 80, 87, 89 institutional consolidation, 69, 80, 86–87 institutional specialization, 87–96 institutional trajectory, 3–4, 68–69, 87, 96–97 institutional transformation, 70–74, 79–80 investment patterns, 73–82, 84–85, 88–91, 94–97 maladaptation costs, 83 manufacturing industries, 72–77, 81, 86 modernization, 79–82 multilateralism, effect of, 75–78, 82–86, 90–95 social contracts, 68, 87 240 Index Brown, Gordon, 89, 205 Bundesbank, 151 business coalitions, within, 20–22, 26, 35, 44, 58, 82, 98, 100, 148 political actor, as, 43, 45, 196 See also firms capitalism diversity, 5–8, 48 evolution, 6–7, 9, 14 historical legacies, 6, 69, 135, 176 laissez faire, 70, 75, 96 liberal model, 19 multilateralism, effect of, 8–11, 14, 172–73 varieties of, 5–7, 13, 17–18, 41, 45, 98, 176–77 See also economic models cartels, 80, 108, 114, 141 centralized market economy, 1, 17–18, 23–24, 29, 52–53, 57–61, 64–66, 71–73, 99–112, 120 Chirac, Jacques, 121 coalitions business, 20–22, 26, 35, 44, 58, 82, 98, 100, 148, 173–74 domestic, 60, 172–73 Coase, Ronald, 52 codetermination, 18, 30, 142–43, 149, 154–55, 162, 168, 209 Colbert, Jean-Baptiste, 101 collective bargaining, 17–18, 71, 103, 106, 129–30, 142, 163–64 common minimum standards, 35, 85, 122, 154–56, 181, 198 Community Charter on the Fundamental Social Rights of Workers, 85 Companies Act, 95 comparative institutional advantages, 21, 25–26, 32–33, 35–36, 73, 81–88, 91–93, 97, 107, 125, 137, 142–43, 148, 156, 166, 181, 197, 201–2, 204 comparative institutional disadvantages, 2, 26, 87, 90, 166, 197 competition law Britain, 89, 205 France, 110, 128, 134 Germany, 141, 146–49, 155–56, 160 Confederation of British Industry (CBI), 80 Confederation of German Employers’ Associations (BDA), 163–64 Conservative Party (Britain), 68, 72, 79, 81, 86–88, 94 Conservative Party (France), 113–14, 116–17, 119–20, 124, 131 Conservative Party (Germany), 140, 153 constructivism, 11 coordinated market economy, 1, 4, 6, 17–19, 25, 52–53, 57, 59–61, 65–67, 69, 71, 81, 120–23, 132, 138–42, 148–49, 152, 167 core competencies, 26, 28, 98, 125, 128, 160, 166, 197, 201–2 Corporate Sector Supervision and Transparency Act, 160 Council of Economic Experts (Germany), 166 Council of Ministers (Britain), 84 credible commitments imperative means, 23–24, 48 motivational means, 23, 25 preferences, role of, 37 theories, of, 11–13 See also governments, relationship with firms credit controls, 17–18, 23...

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