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Capitalism
About: Capitalism is a research topic. Over the lifetime, 27714 publications have been published within this topic receiving 858042 citations.
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01 Jan 2005
280 citations
TL;DR: A recent review of recent literature on varieties of capitalism, drawing on insights from existing studies to propose a new, more differentiated way of thinking about contemporary changes in the political economies of the rich democracies as discussed by the authors, reveals combinations that existing theories rule out by definition.
Abstract: This essay reviews recent literature on varieties of capitalism, drawing on insights from existing studies to propose a new, more differentiated way of thinking about contemporary changes in the political economies of the rich democracies. The framework offered here breaks with the “continuum models” on which much of the traditional literature has been based, in which countries are arrayed along a single dimension according to their degree of “corporatism” or, more recently, of “coordination.” In so doing, it reveals combinations—continued high levels of equality with significant liberalization, and declining solidarity in the context of continued significant coordination—that existing theories rule out by definition. I argue that these puzzling combinations cannot be understood with reference to the usual dichotomous, structural variables on which the literature has long relied, but require instead greater attention to the coalitional foundations on which political-economic institutions rest. A coalitional approach reveals that institutions that in the past supported the more egalitarian varieties of capitalism survive best not when they stably reproduce the politics and patterns of the Golden Era but rather when they are reconfigured—in both form and function—on the basis of significantly new political support coalitions.
280 citations
TL;DR: In this article, the authors make intensive use of international comparisons, challenge the role of market as the exclusive coordinating mechanism, and raise doubts about the existence of a 'one best way' for capitalism.
Abstract: The variety of capitalism school (VOC) and regulation theory (TR) are both analyses of the diversity of contemporary national economies. If VOC challenges the primacy of liberal market economies (LME) and stresses the existence of an alternative form, i.e. coordinated market economies (CME), TR starts from a long-term analysis of the transformation of capitalism in order to search for alternatives to the Fordist regime that emerged after the post-Second World War era. Both approaches make intensive use of international comparisons, challenge the role of market as the exclusive coordinating mechanism, and raise doubts about the existence of a 'one best way' for capitalism. Finally, they stress that globalization does deepen the competitive advantage associated with each institutional architecture. Nevertheless, their methodology differs: VOC stresses private firm governance, whereas TR considers the primacy of systemic and macroeconomic coherence. Whereas for VOC there exist only LME and CME, TR recurrently finds at least four brands of capitalism: market-led, meso-corporatist, social democrat and State-led. VOC seems to consider that the long-term stability of each capitalism can be challenged only by external shocks, but TR stresses the fact that the very success of a regulation mode ends up in a structural crisis, largely endogenous.
279 citations
Book•
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TL;DR: In this article, the authors discuss the role of money in the theft of time and space in the history of Europe, and the role that money played in the collapse of Europe and the domination of Asia.
Abstract: Introduction Part I: 1. Who stole what? Time and space 2. Antiquity: no markets, but did they invent politics, freedom and the alphabet? 3. Feudalism: transition to capitalism or the collapse of Europe and the domination of Asia 4. Asiatic despots, in Turkey and elsewhere? Part II: 5. Science and civilization in Renaissance Europe 6. The theft of 'civilization': Elias and Absolutist Europe 7. The theft of 'capitalism': Braudel and global comparison Part III: 8. The theft of institutions, towns and universities 9. The appropriation of values: humanism, democracy and individualism 10. Stolen love: European claims to the emotions 11. Last words Bibliography.
278 citations
Book•
01 Jan 1985
TL;DR: The Nature and Logic of Capitalism as discussed by the authors explores the hidden levels of the human psyche and the roots of domination and submission in a primitive society and the origins of wealth; the sources of profit and the conception of a "regime" of capital; the interplay of relatively slow-changing institutions and the powerful force of the accumulation of wealth.
Abstract: In search of an answer, The Nature and Logic of Capitalism takes us on a far-ranging exploration to the unconscious levels of the human psyche and the roots of domination and submission; to the organization of primitive society and the origins of wealth; to the sources of profit and the conception of a "regime" of capital; to the interplay of relatively slow-changing institutions and the powerful force of the accumulation of wealth. By the end of this tour we have grappled not only with ideas of Adam Smith and Karl Marx but with Freud and modern anthropologists as well. And we are far closer to understanding capitalism in our time, its possibilities and limits.
278 citations