The Diversity of Modern Capitalism (Paperback)
  • The Diversity of Modern Capitalism (Paperback)
zoom

The Diversity of Modern Capitalism (Paperback)

(author)
£55.00
Paperback 326 Pages / Published: 04/12/2003
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
This book considers why institutional forms of modern capitalist economies differ internationally, and proposes a typology of capitalism based on the theory of institutional complementarity. Different economic models are not simply characterized by different institutional forms, but also by particular patterns of interaction between complementary institutions which are the core characteristics of these models. Institutions are not just simply devices which would be chosen by 'social engineers' in order to perform a function as efficiently as possible; they are the outcome of a political economy process. Therefore, institutional change should be envisaged not as a move towards a hypothetical 'one best way', but as a result of socio-political compromises. Based on a theory of institutions and comparative capitalism, the book proposes an analysis of the diversity of modern economies - from America to Korea - and identifies five different models: the market-based Anglo-Saxon model; Asian capitalism; the Continental European model; the social democratic economies; and the Mediterranean model. Each of these types of capitalism is characterized by specific institutional complementarities. The question of the stability of the Continental European model of capitalism has been open since the beginning of the 1990s: inferior macroeconomic performance compared to Anglo-Saxon economies, alleged unsustainability of its welfare systems, too rigid markets, etc. The book examines the institutional transformations that have taken place within Continental European economies and analyses the political project behind the attempts at transforming the Continental model. It argues that Continental European economies will most likely stay very different from the market-based economies, and caat political strategies promoting institutional change aiming at convergence with the Anglo-Saxon model are bound to meet considerable opposition.

Publisher: Oxford University Press
ISBN: 9780199261147
Number of pages: 326
Weight: 465 g
Dimensions: 234 x 156 x 17 mm

You may also be interested in...

Capitalism and Freedom
Added to basket
Small Is Beautiful
Added to basket
Wealth of Nations
Added to basket
£3.99
Paperback
Keynes: A Very Short Introduction
Added to basket
Capital
Added to basket
£8.99
Paperback
How Much is Enough?
Added to basket
The Affluent Society
Added to basket
The Theory of Moral Sentiments
Added to basket
The Essential Keynes
Added to basket
Development as Freedom
Added to basket
Keynes
Added to basket
£9.99
Paperback
The Wealth of Nations
Added to basket
The Worldly Philosophers
Added to basket
The Wealth of Nations
Added to basket

Please sign in to write a review

Your review has been submitted successfully.