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Corporatism is probably the most common system of economic organisation in both the Eastern and Western worlds.

As in the case of, for example, mercantilism, we should not look for the foundations of corporatism in the writings of eminent thinkers. There are certainly some remarkable theories that offer a theoretical basis, but in reality corporat­ism is indubitably based for the most part on historical facts. It has a history of more than 2000 years and this thus prevents us from defining it simply as being somewhere in between capitalism and socialism or as the economic doctrine of some authoritarian regimes.

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Source: Faccarello G., Kurz H.-D.. Handbook on the history of economic analysis. Volume III, Developments in major fields of economics. Edward Elgar,2016. — 659 p. 2016

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