The Complex Economic Organization of Capitalist Economies

Richard R. Nelson
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Richard R. Nelson: Columbia University

Capitalism and Society, 2011, vol. 6, issue 1, pages 2

Abstract:

The ideology of how economic activity is organized in capitalist economies is sharp and simple — markets. However, in reality, economic activities in capitalist economies are organized in a variety of different ways, market organization prominent among them but not totally dominating. The basic argument of this paper is that capitalist economies should be understood as mixed economies.

Date: 2011
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