The Embeddedness of Institutions
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Contemporary Capitalism by J. Rogers Hollingsworth
Book DescriptionThis 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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Book DetailsISBN: 9780521561655
(228mm x 152mm x 33mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Mar-1997
Country of Publication: United Kingdom
Books By Author J. Rogers Hollingsworth
Contemporary Capitalism, Paperback (February 1999)
This book argues there is no single best institutional arrangement for organizing modern societies.
Governance of the American Economy, Paperback (May 1991)» View all books by J. Rogers Hollingsworth
This book examines institutions that govern economic activity in the United States and the dramatic changes they have undergone since the late nineteenth century.
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