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Sectors in Modern Capitalism

Modes of Governance and Variations in Performance

Bibliographic Data

ID23181071
AuthorsPhilippe C Schmitter (corresponding author)
Year1990
Pages3-39
Publication date1990-01-01
Peer ReviewedYes
Open AccessNo
TypeCHAPTER
VenueLabour Relations and Economic Performance (SOURCE_BOOK)
PublisherPalgrave Macmillan UK (PUBLISHER)
DOI10.1007/978-1-349-11562-4_1
OpenAlexW2494722858
ISBN9781349115624
LanguageEN
Citations received11
References cited25

‘Capitalism is a moving target’. This seems so obvious as to be hardly worth repeating, but the implications of such an observation have rarely been explored, much less been incorporated systematically into our explanatory models and theories. ‘Its’ science, the discipline of economics, is usually presented as a singular and consistent body of steadily accumulated knowledge, without epistemological or theoretical breaks due to discontinuities in its subject matter.1 In ordinary language, we rarely refer to ‘capitalisms’ in the plural, 2 and the most common qualifier we place in front of the singular noun is just the name of a country or a people: American capitalism, German capitalism, Bolivian capitalism, and even (more recently) Soviet capitalism. Efforts to specify fixed sequential stages of capitalism; mercantile, industrial, financial and post-industrial; or local competitive, national monopolistic, state monopolistic and trans-national monopolistic, have not proven very fruitful analytically, although they have occasionally been quite effective politically. Perhaps the most useful device for breaking up the subject matter and producing meaningful sub-categories for analysis has been to impose a simple temporal distinction between early, later, delayed, late, even late-late and delayed-late capitalisms. Alexander Gerschenkron and Albert Hirschman (among others) have argued convincingly that the the timing of capitalist development has a significant impact upon both the role of institutions and the strategy of actors (Gerschenkron, 1962; Hirschman, 1958).

Capitalism · Corporate governance · Economic system · Economics · Market economy · Monopolistic competition · Monopoly · Neoclassical economics · Political science · Subject (documents) · Elite Sociology and Global Capitalism · Finance · Law · Political Economy and Marxism · Social Policy and Reform Studies

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Unique citing works11
Citations per year0.32
Citation span1992 - 2026 (35)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 8

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