Comment on Chapter 1

Elinor Scarbrough

A chapter in Welfare States in Transition, 1999, pp 16-24 from Palgrave Macmillan

Abstract: Abstract Professor Bohata’s chapter dissects one of the central dilemmas of transition: how to substitute the firm for the state as the engine of economic development without reviving the social and political costs attendant upon ‘raw capitalism’. By advocating that these risks be countered by ‘building an ethical infrastructure for the market’, and examining what this concept entails for the behaviour of corporate actors, the chapter makes an imaginative contribution to the debate about the proper role of the state in polities which endeavour to reconcile capitalist economic forms and democratic political forms. Moreover, the implications of Professor Bohata’s chapter reach over to one of the most difficult questions facing governments across Europe, both East and West: how to make their economies more competitive without breaking the implicit contract embedded in welfare states — in short, that the state recompenses citizens for the off-set costs of corporate activity.

Keywords: Welfare State; Corporate Sector; Social Solidarity; Implicit Contract; West European Country (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-37151-4_2

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DOI: 10.1057/9780230371514_2

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