Contemporary Capitalism: The Embeddedness of Institutions
This book argues that there is no single best institutional arrangement for organizing modern societies. Therefore, the market should not be considered the ideal and universal arrangement for coordinating economic activity. Instead, the editors argue, the economic institutions of capitalism exhibit a large variety of objectives and tools that complement each other and can not work in isolation. The various chapters of the book ask what logics and functions institutions follow and why they emerge, mature and persist in the forms they do.
1. Coordination of economic actors and social systems of production, Rogers Hollingsworth and Robert Boyer;
Part I: The variety of institutional arrangements and their complementarity in modern economics
Introduction: , Rogers Hollingsworth and Robert Boyer;
2. The variety and unequal performance of markets, Robert Boyer;
3. A typology of cooperative interorganizational relationships and networks, Jerald Hage and Catherine Alter;
4. Weathering the storm: associational governance in a globalizing era, William Coleman;
5. Constitutional orders: trust building and response to change, Charles F. Sabel;
Part II: How and why do social systems of production change?
Introduction: Robert Boyer and Rogers Hollingsworth;
6. Beneficial constraints: on the economic limits of rational voluntarism, Wolfgang Streeck;
7. Flexible specialization: theory and evidence in the analysis of industrial change, Paul Hirst and Jonathan Zeitlin;
8. Globalization, variety and mass production: the metamorphosis of mass production in the new competitive age, Benjamin Coriat;
9. Continuities and changes in social systems of production: the cases of Japan, Germany, and the United States, Rogers Hollingsworth;
Part III: Levels of spatial coordination and the embeddedness of institutions
Introduction: , Philippe Schmitter;
10. Perspectives on globalization and economic coordination, Wyn Grant;
11. Globalization in question: international economic relations and forms of public governance, Paul Hirst and Grahame Thompson;
12. The formation of international regimes in the absence of a Hegemon: clubs are trump, Lorraine Eden and Fen Osler Hampson;
13. The emerging Euro-polity and its impact upon national systems of production, Philippe Schmitter;
Part V: Conclusion
14. From national embeddness to spatial and institutional nestedness, Robert Boyer and Rogers Hollingsworth.