Contemporary Capitalism

The Embeddedness of Institutions

By: J. Rogers Hollingsworth (Editor), Peter Lange (Editor), Robert H. Bates (Editor)

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Paperback | 5 July 1999

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512 Pages

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This book argues that there is no single best institutional arrangement for organizing modern societies. Therefore, the market should not be considered the ideal and universal arrangement for coordinating economic activity. Instead, the editors argue, the economic institutions of capitalism exhibit a large variety of objectives and tools that complement each other and cannot work in isolation. The various chapters of the book explore challenging issues in the analysis of differing institutional arrangements for coordinating economic activity, asking what logics and functions they follow and why they emerge, mature and persist in the forms they do. They conclude that any institutional arrangement has its strengths and weaknesses and that such institutions evolve according to a logic specific to each society. They also note that institutions continuously respond to changing circumstances, and are not static entities.

Industry Reviews

"This is a stimulating set of essays produced by a distinguished set of contributors." Michael Smith, Canadian Journal of Political Sciences "This is a stimulating set of essays produced by a distinguished set of contributors." Michael Smith, Canadian Journal of Political Sciences "This valuable and rich collection of essays challenges the assumption of the self-adjusting market on three major grounds: first, by arguing that economic activity is coordinated bye several different institutional mechanisms and that a variety of capitalist models exist, as opposed to the idea of a single one; second, by stressing Karl Polanyi's notion of the embededness of economic institutions...third, by showing that specific forms of economic coordination are more likely to be used at some level of society...than at others." American Jrnl of Sociology "This volume brings together a range of important and influential contributions from various disciplines in which this new institutional analysis has been applied." Comparative Labor Law & Policy Journal

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Coordination of economic actors and social systems of production
Introduction: the variety of institutional arrangements and their complementarity in modern economics
The variety and unequal performance of markets
A typology of cooperative interorganizational relationships and networks
Weathering the storm: associational governance in a globalizing era
Constitutional orders: trust building and response to change
Introduction: how and why do social systems of production change?
Beneficial constraints: on the economic limits of rational voluntarism
Flexible specialization: theory and evidence in the analysis of industrial change
Globalization, variety and mass production: the metamorphosis of mass production in the new competitive age
Continuities and changes in social systems of production: the cases of Japan, Germany, and the United States
Introduction: levels of spatial coordination and the embeddedness of institutions
Perspectives on globalization and economic coordination
Globalization in question: international economic relations and forms of public governance
The formation of international regimes in the absence of a Hegemon: clubs are trump
The emerging Euro-polity and its impact upon national systems of production
Conclusion: from national embeddness to spatial and institutional nestedness
Table of Contents provided by Publisher. All Rights Reserved.

Contemporary Capitalism

The Embeddedness of Institutions

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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