Institutional Economics and the Crises of Capitalism

James Ronald Stanfield
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James Ronald Stanfield: Colorado State University

Chapter 7 in Economics, Power and Culture, 1995, pp 96-109 from Palgrave Macmillan

Abstract: Abstract This chapter is concerned with institutional change in market capitalist society. The history of this social order is one of persistent crises. These appear in myriad guises and levels such as aggregate stabilization crises, environmental and resource crises, crises of demographic adjustment, urban crises, and the crises faced by laborers, business enterprises, or local communities faced with economic obsolescence. Institutional change has largely consisted of reactive response to one or another such crises.

Keywords: Institutional Change; Capitalist Society; Entrepreneurial Decision; Institutionalize Externality; Orthodox Economic (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23712-8_7

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DOI: 10.1007/978-1-349-23712-8_7

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