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The lecture develops a research programme for the historical comparison of different stages of capitalism. Starting from historically comparative theories of capitalism, Andreas Nölke will sketch a model that draws especially on Polanyi and theories of organized capitalism. He validates this model by discussing the current crisis of the liberal stage of financialization, as well as the contemporary economic model of state capitalism in large emerging economies as a potential model for a new stage of non-liberal capitalism.

Structural equation models (SEM) are loved and loathed. SEM combine Path Analysis with Confirmatory Factor Analysis. That is, they are directed dependencies between several variables, which may entail latent variables, that are estimated in one model. Particularly researchers who work on attitudes favour SEMs for their easy combination of confirmatory factor analysis and path analysis in one model. Many also fancy that the presentation of SEM estimates highly resembles diagrams of our theoretical models.