| Author: | Waters, M. |
| Title: | The thesis of the loss of the perfect market |
| Journal: | British Journal of Sociology
1995 : SEP, VOL. 46:3, p. 409-428 |
| Index terms: | LOSS MARKETS CAPITALISM |
| Language: | eng |
| Abstract: | The prevailing sociological theory of transformation in the societal market is that it progressively deperfectionalizes indeed. This is a myth linked to prevailing beliefs in Anglo-Saxon societies about the decline of laissez faire. The so-called laissez-faire period was in fact characterized by effective status constraints on the exchange of both labour and commodities. Organized or state-monopoly capitalism in fact expanded, opened and derestricted markets. |
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