New PDF release: A Comparative Political Economy of Industrial Capitalism

By R. Mascarenhas

ISBN-10: 0230597807

ISBN-13: 9780230597808

ISBN-10: 1349433047

ISBN-13: 9781349433049

This comparative research of commercial capitalism is an exam of state-economy kin in combined economies starting from the interventionist German and jap to the fewer interventionist Anglo-American. Following the postwar consensus that ended in the 'golden age' (1950-1973) and ended with the power predicament, the Anglo-American economies followed neoliberalism whereas Germany and Japan remained interventionist. This ended in the emergence of nationwide kinds of capitalism. whereas interpreting the elevated pageant among them, R.C.Mascarenhas additionally notes the effect of globalization in addition to 'alternative capitalism' with the survival and re-emergence of commercial districts.

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Here Weber saw an intimate relationship between bureaucracy and capitalist enterprise. Extending the idea of specialization (Smith's repetitive tasks) to bureaucratic organization, Weber felt that a typical competitive modern capitalist enterprise would, through bureaucratization, achieve efficiency and cost reduction. That process in public and private organizations, in addition to achieving efficiency, would materialize in power (Zeitlin, 1981, p. 165). While recognizing the value of Weber's contribution in identifying the type of public institutional structure needed to counter private entrepreneurial groups, Evans (1995) is critical of his lack of exploration into its role in promoting private enterprise.

Pierre, Jon and Sang-Chul Park, `The Dynamics of Abstract and Manifest Institutional Change: MITI and the Japanese ``Economic Miracle'' Reconsidered', Governance, vol. 10 (1997), 351±76. Piore, Michael J. and Charles F. Sabel, The Second Industrial Divide: Possibilities for Prosperity (NY: Basis Books, 1984). Pontusson, Jonas, `From Comparative Public Policy to Political Economy: Putting Political Institutions in Their Place and Taking Interests Seriously', Comparative Political Studies, vol. 28 (1995), 117± 47.

While the shackles of feudalism have resulted in ideological diversity in Europe, the absence of feudal blessings has denied the United States that ideological diversity referred to by Louis Hartz (1955) as the liberal tradition. Both Moore Jr and Hirschman, by contrasting the historical development of various countries, offer a comparative approach that combines detailed analysis of specific cases with a broad causal analysis of macrostructures that can assist in developing general themes such as democracy or capitalism.

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A Comparative Political Economy of Industrial Capitalism by R. Mascarenhas


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