The Institutional Forms on Which a Capitalist Economy is Based

Robert Boyer ()
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Robert Boyer: EHESS, Ecole des Hautes Etudes en Sciences Sociale et Institut des Amériquesstitut des Amériques

Chapter Chapter 2 in Political Economy of Capitalisms, 2022, pp 13-36 from Springer

Abstract: Abstract Why such a contradictory socioeconomic regime does not end into the chaos generated by the competition of all against all? Pure market mechanisms are not sufficient to appease these conflicts. They have to deliver some compromises that are the founding pillars of a series of institutional forms: a monetary regime, a configuration for competition, a wage–labor nexus, an articulation of State with the economy and finally the nature of integration into international relations. Thus the common findings of two research strategies: making explicit the hidden institutions of a “market economy”, specifying the codification of core social relationships of a capitalism economy.

Keywords: Adam Smith; Karl Marx; Political economy; Institutional forms; Capitalism diversity (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-19-3536-7_2

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