Coordinated market economy

According to the book Varieties of Capitalism, there are many different ways of organizing a capitalist economy. There seems to be two extremes in the Coordinated Market Economy (CME) models, which capture certain salient features of northern Europe (in particular in Denmark, Finland, Norway, Sweden, Austria, Belgium, Netherlands, Germany, Switzerland), and the Liberal Market Economy (LME) models. These are similar to the US style economy and others also partially present in UK, Canada, Australia, New Zealand, and Ireland.^[1]

1. Ben Ross Schneider and David Soskice: Inequality in developed countries and Latin America: coordinated, liberal and hierarchical systems. Economy and Society Volume 38 Number 1 February 2009: 17-52