Capitalism in Evolution
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Capitalism in Evolution

Global Contentions – East and West

9781858988603 Edward Elgar Publishing
Edited by Geoffrey M. Hodgson, Emeritus Professor, Loughborough University London, UK, Makoto Itoh, Professor of Economics, Kokugakuin University, Tokyo and Emeritus Professor, University of Tokyo, Japan and Nobuharu Yokokawa, Professor of Economics, Musashi University, Tokyo, Japan
Publication Date: 2001 ISBN: 978 1 85898 860 3 Extent: 224 pp
Contributors to this volume argue that to understand capitalism in
evolution, this diversity of systems and approaches must be taken into account and their individual evolutions analysed.

This book represents a major understanding of the evolution of capitalism in the twenty first century and brings together a distinguished group of experts with perspectives from America, Europe and Japan.

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Critical Acclaim
Contributors
Contents
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For much of the twentieth century, rivalry existed between centrally planned and capitalist solutions to the problems of economic stability and growth. This changed in the 1990s. In that same decade, the period of rapid growth of the Japanese economy came to an end and by the close of the century, the American model of capitalism was seen as the only possible option.

Modern capitalism has achieved spectacular rates of innovation and growth but the system is still menaced by financial crises and economic recessions. Furthermore, there is an unacknowledged diversity of capitalist systems. Contributors to this volume argue that to understand capitalism in
evolution, this diversity of systems and approaches must be taken into account and their individual evolutions analysed.

This book represents a major understanding of the evolution of capitalism in the twenty first century and brings together a distinguished group of experts with perspectives from America, Europe and Japan.
Critical Acclaim
‘. . . this collection will be useful to economic and business historians in reminding them that capitalism is not a monolithic and unvarying economic system.’
– Gail D. Triner, Business History

‘Although so many collections of essays such as the one at hand are eclectic and boring, this is clearly an exception. The strength of the volume resides in the fact that it establishes a dialogue among all the authors on the roots of globalization and what the editors call “the precariousness of world markets”.’
– Francisco Louçã, Journal of Evolutionary Economics
Contributors
Contributors: S. Bowles, R.A. Boyer, H.M. Gintis, G.M. Hodgson, M. Itoh, M. Noguchi, U. Pagano, R.E. Rowthorn, Y. Shiozawa, K. Yagi, N. Yokokawa
Contents
Contents: Introduction Part I: General Theoretical Perspectives Part II: Theoretical Perspectives on Varieties of Capitalism Part III: Global Paths of Capitalist Development Index
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