ENGLISH

Capitalism in Evolution: Global Contentions--East and West

By Geoffrey M. Hodgson , Makoto Ito , Nobuharu Yokokawa

Book information

Publisher
Edward Elgar Publishing
Year
2001
ISBN
9781858988603, 1858988608
Open Library ID
OL12043072M
Language
english
Format
PDF
Filesize
1 MB (1331406 bytes)
Pages
219\219
Topic
Economy
Time added
2010-05-31 00:48:14

Description

For much of the twentieth century, rivalry existed between centrally planned and capitalist solutions to the problems of economic stability and growth. This changed in the 1990s. In that same decade, the period of rapid growth of the Japanese economy came to an end and by the close of the century, the American model of capitalism was seen as the only possible option. Modern capitalism has achieved spectacular rates of innovation and growth but the system is still menaced by financial crises and economic recessions. Furthermore, there is an unacknowledged diversity of capitalist systems. Contributors to this volume argue that to understand capitalism in evolution, this diversity of systems and approaches must be taken into account and their individual evolutions analyzed. This book represents a major understanding of the evolution of capitalism in the twenty-first century and brings together a distinguished group of experts with perspectives from America, Europe and Japan.

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