A diverse, complex, and stable, yet volatile system, capitalism has undergone fundamental transformations over the twentieth century. Entrepreneurial capitalism has become increasingly managerial and corporate in nature. The influence of laissez-faire policies waned for decades, only to experience a renaissance. No longer dominated by industrial production, capitalist economies are now based on information technologies and geared toward supplying services. An economy based on individual companies is being replaced by complex relationships between state, economy, and multinational corporations. Modern capitalism is by no means monolithic - witness the differences among American, British, German, French, Italian, Japan, and Korean capitalisms. Moreover, the emergence of distinctive global concentrations of capitalism has subverted the idea of a global economy as a unified and homogeneous system. Focusing on the structural shifts in advanced political economies, this volume brings to light trends that occur 'below' the surface of economic activity. The essays identify the basic patterns of those transformations and their implications - social, political, and economic - for contemporary and future capitalisms.