Capitalism and Institutions

Transitional Institutions, Institutional Complementarities and Economic Performance in China A ‘Varieties of Capitalism’ Approach

The paper focuses on institutional change and institution building as integral parts of economic transition in China. China’s success, particularly compared with other advanced transition economies, implies a puzzling observation: China did not apply theoretically-derived policy recommendations. Instead, authorities followed a gradual, pragmatic approach to reform, decentralize, and transform t...

Capitalism and Society

This is a theoretical paper in which we attempt to present an economic and sociological theory of entrepreneurship. We start from Schumpeter’s idea in Theory of Economic Development that the economy can be conceptualized as a combination and innovations as new combinations. Schumpeter also spoke of resistance to entrepreneurship. By linking the ideas of combination and resistance, we are in a p...

Capitalism, Modernism and Postmodernism

(NLR 146), Fredric Jameson argues that pastiche, rather than parody, is the appropriate mode of postmodernist culture. ‘Pastiche’, he writes, ‘is, like parody, the imitation of a peculiar mask, speech in a dead language; but it is a neutral practice of such mimicry, without any of parody’s ulterior motives, amputated of the satiric impulse, devoid of laughter and of any conviction that alongsid...

Sustainability, capitalism and evolution

Humans are exploiting the Earth in an unsustainable manner, which is accelerating both environmental degradation and loss of biodiversity. Moreover, owing to global climate change, the rates of deterioration and extinction will probably increase in the near future. The scientific community has been highly sensitive to this alarming development and increased the number of baseline and ecological...

GOOD CAPITALISM, BAD CAPITALISM, AND THE ECONOMICS OF GROWTH AND PROSPERITY good capitalism, bad capitalism, and the economics of growth and prosperity