ABSTRACT
Neo-institutionalist analysis of forms of capitalism has contributed much to our understanding of different forms of economy. In establishing itself it has had to acquire two characteristics, which it must now start to transcend. These are: a tendency to dualistic analysis, and an insistence that empirical cases of national systems constitute coherent wholes. Moving beyond these positions will enable neo-institutionalism better to model the extent of diversity among capitalist economies, and to account for major change within them. Below I suggest that this can be achieved through an approach to compound forms of economic governance.
