Capitalism
Its Origins and Evolution as a System of Governance
(Sprache: Englisch)
This book rejects the simple equation of capitalism with markets in favor of a three-level system -- a model that recognizes markets are administered by regulators through institutions, and governed by a political authority with the power to regulate...
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This book rejects the simple equation of capitalism with markets in favor of a three-level system -- a model that recognizes markets are administered by regulators through institutions, and governed by a political authority with the power to regulate behavior, punish transgressors, and redesign institutions.
Klappentext zu „Capitalism “
Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on indirect governance through regulated competition to coordinate actors; inevitably, these systems influence and transform each other. This book rejects the simple equation of capitalism with markets in favor of a three-level system, a model which recognizes that markets are administered by regulators through institutions and governed by a political authority with the power to regulate behavior, punish transgressors, and redesign institutions. This system's emergence required the sovereign to relinquish some power in order to release the energies of economic actors. Rather than spreading through an unguided natural process like trade, capitalism emerged where competitive pressures forced political authorities to take risks in order to achieve increased revenues by permitting markets for land, labor, and capital.
Inhaltsverzeichnis zu „Capitalism “
The Globalization of Markets and the Resilience of Capitalist Democracies: Observable Trends and Explanatory Theory: Globalization and Income Convergence.- The Political Economy of Capitalism.- Capitalism, Democracy and Inequality. Creating Capitalism, with or Without Democracy: Creating Capitalism in Europe.- Creating Capitalism and Democracy in the United States: The Symbiosis of Two Systems of Governance (1630-1830).- Creating Capitalism in Latin America. Barriers to Development in Capitalist Democracies: One Country-Two Systems: The Case of Italy- One Country - Two Systems: The United States (1878-1970).- Capitalism and Democracy in the US (1830-1930): Antagonistic Symbiosis. Catch-Up Strategies Post-World War II: Import Substitution.- Neo-Mercantilism.- The Washington Consensus. "Antagonistic Symbiosis" in a Contemporary Context: Latin American Reform and Instability.- Capitalism and Democracy in the US (1970-2006): Liberalization and Inequality.- Conclusions.- Implications.
Autoren-Porträt von Bruce R. Scott
The author is the Paul Whiton Cherington Professor of Business Administration at Harvard Business School and has done extensive research and teaching in the field of economic strategies of nations.
Bibliographische Angaben
- Autor: Bruce R. Scott
- 2011, 2011, XXXV, 672 Seiten, Masse: 16 x 24,1 cm, Gebunden, Englisch
- Verlag: Springer, Berlin
- ISBN-10: 146141878X
- ISBN-13: 9781461418788
- Erscheinungsdatum: 01.10.2011
Sprache:
Englisch
Rezension zu „Capitalism “
Professor Scott presents the development of capitalism as a political process, the result of conflicts among social actors, with capitalists and government officials as the main actors. While focused on the United States, this book has the great merit of showing that American capitalism was a contingent and not inevitable outcome, and that different balances of forces and different circumstances created distinct varieties of capitalism in other countries and historical moments. This book's insights deserve careful consideration from historians, social scientists, and all those who address economic issues in the political realm. Richard Lachmann, Professor of SociologyCollege of Arts and SciencesUniversity at Albany
Pressezitat
Professor Scott presents the development of capitalism as a political process, the result of conflicts among social actors, with capitalists and government officials as the main actors. While focused on the United States, this book has the great merit of showing that American capitalism was a contingent and not inevitable outcome, and that different balances of forces and different circumstances created distinct varieties of capitalism in other countries and historical moments. This book's insights deserve careful consideration from historians, social scientists, and all those who address economic issues in the political realm. Richard Lachmann,
Professor of Sociology
College of Arts and Sciences
University at Albany
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