Working Paper
It is proposed here that differences between business systems are related to their evolutionary histories. Specifically this means differences in determinants at two levels of analysis: firstly that of the political, social, and economic circumstances which fostered a distinct institutional fabric for each society; secondly differences in cultural values and norms which influenced the emergence of the institutions.
The evolution of six competitive systems to date is proposed, and some introductory comments made about how they might be analysed.
