search query: @indexterm CAPITALIST ECONOMIC SYSTEM / total: 13
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| Author: | Nelson, R. R. |
| Title: | The problem of market bias in modern capitalist economies |
| Journal: | Industrial and Corporate Change
2002 : APR, VOL. 11:2, p. 207-244 |
| Index terms: | MARKETS PROBLEM FORMULATION CAPITALIST ECONOMIC SYSTEM ECONOMIC CONDITIONS |
| Language: | eng |
| Abstract: | Modern societies are presently facing a number of challenging and often contentious issues regarding how to organize and govern a variety of activities that employ a substantial and growing fraction of their resources. To make market organization work satisfactorily will require strong and fine-grained regulation, and perhaps a number of other supplementary non-market elements. For other activities, it would be best to rely centrally on other basi organizational modes, with markets in an ancillary role. The central purpose of this essay is to call attention to the complexity and variegation of the sectoral or activity- specific governing structures employed by modern capitalist economies, and to argue that such structures need to be tailored to the details of the activities involved. |
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