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"Whilst the regulation approach has gone beyond its peak of influence and has been diluted of much of its radical content, this outstanding critical appreciation of its strengths and weaknesses will prove an invaluable point of reference for all those engaged in the political economy of the national within the global economy.' - Ben Fine, University of London, UK"

"ABSTRAKPermasalahan kesenjangan sosial di dunia, pada esensinya disebabkan oleh kapitalisme yang tidak adil dalam mendistribusikan nilai hasil produksi. Kapitalisme mempunyai kecenderungan memperlebar kesenjangan antara yang kaya dan miskin. Pemikir ekonomi institusionalis telah mengungkapkan berbagai pendekatan untuk memfasilitasi mekanisme pasar, sayangnya belum berhasil dalam mengatasi kesenjangan. Di sisi lain, varian kapitalisme menunjukkan bahwa sistem kapitalis yang lebih terkoordinasi secara umum berhasil mengurangi kesenjangan sosial. Terbukti dari komparasi dua negara yang menggunakan sistem kapitalis yang berbeda seperti Amerika Serikat dan Jerman.Hasil temuan memperlihatkan sistem kapitalis seyogyannya mendukung terjadinya transparansi pengetahuan dan peningkatan kemampuan. Selain itu, kapitalisme sebaiknya mengkoordinasikan pihak-pihak yang bertransaksi dalam perekonomian secara seimbang.

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ABSTRACT

Inequality in the world in general is caused by unjust capitalism in distributing the value of production. Capitalism tends to widen the societal gap between the rich and the poor. Scholars of economic institutionalism have introduced several approaches to facilitate market mechanism, but it is not yet fully effective in solving inequality. On the other hand, varieties of capitalism pointed out that coordinated capitalism generally is able to reduce inequality. This is evident from the comparison of the way capitalism works in the United States and Germany.

The findings show that a capitalist system should support knowledge transparency and skill development. In addition, capitalism needs to coordinate economic stakeholders in a balanced manner."