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Books > Social sciences > Politics & government > Political structure & processes
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Contemporary Capitalism - The Embeddedness of Institutions (Hardcover, New)
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Contemporary Capitalism - The Embeddedness of Institutions (Hardcover, New)
Series: Cambridge Studies in Comparative Politics
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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.
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