عنوان

Conceptualizing capitalism :

(Number (ISBN

022616814X

(Number (ISBN

9780226168142

Erroneous ISBN

9780226168005

Number

b410801

Title Proper

Conceptualizing capitalism :

General Material Designation

[Book]

Other Title Information

institutions, evolution, future /

First Statement of Responsibility

Geoffrey M. Hodgson

Specific Material Designation and Extent of Item

1 online resource (x, 495 pages)

Text of Note

Includes bibliographical references (pages 393 -472) and index

Text of Note

Discovering capitalism -- Distilling the essence -- Social structure and individual motivation -- Law and the state -- Property, possession, and contract -- Commodity exchange and markets -- Money and finance -- Meanings of capital -- Firms and corporations -- Labor and employment -- A definition of capitalism -- Capitalism and beyond -- Conceptualizing production -- Socialism, capitalism, and the state -- How does capitalism evolve? -- The future of global capitalism -- Addressing inequality -- After capitalism?

0

Text of Note

A few centuries ago, capitalism set in motion an explosion of economic productivity. Markets and private property had existed for millennia, but what other key institutions fostered capitalism's relatively recent emergence? Until now, the conceptual toolkit available to answer this question has been inadequate, and economists and other social scientists have been diverted from identifying these key institutions. With Conceptualizing Capitalism, Geoffrey M. Hodgson offers readers a more precise conceptual framework. Drawing on a new theoretical approach called legal institutionalism, Hodgson establishes that the most important factor in the emergence of capitalism - but also among the most often overlooked - is the constitutive role of law and the state. While private property and markets are central to capitalism, they depend upon the development of an effective legal framework. Applying this legally grounded approach to the emergence of capitalism in eighteenth - century Europe, Hodgson identifies the key institutional developments that coincided with its rise. That analysis enables him to counter the widespread view that capitalism is a natural and inevitable outcome of human societies, showing instead that it is a relatively recent phenomenon, contingent upon a special form of state that protects private property and enforces contracts. After establishing the nature of capitalism, the book considers what this more precise conceptual framework can tell us about the possible future of capitalism in the twenty-first century, where some of the most important concerns are the effects of globalization, the continuing growth of inequality, and the challenges to America's hegemony by China and others

Title

Conceptualizing capitalism.

International Standard Book Number

9780226168005

Capitalism-- Philosophy.

BUS-- 055000

BUS-- 069000

Number

Class number

Book number

Hodgson, Geoffrey Martin,1946-

Ohio Library and Information Network.

Date of Transaction

20160518010032.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y