Consistency and Viability of Capitalist Economic Systems

Hardcover | May 8, 2013

byJohn Marangos

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The ultimate survival of an economic system depends on whether or not the interrelationships between its institutions and its members are consistent with each other. Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency. Consistency, however, is not enough; a consistent economic system must be flexible and have the internal mechanisms to be able to adapt to changes in social reality, thus making possible its survival over time. In other words, the economic system is viable when it is able to encourage increases in labor productivity and there is popular support. Thus the economic system, in its broad social science context, must be both consistent and viable. Economic systems examined in this text are the capitalist economics systems of Great Britain, Japan, European Union and Sweden.

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The ultimate survival of an economic system depends on whether or not the interrelationships between its institutions and its members are consistent with each other. Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideo...

John Marangos is Associate Professor of Political Economy at the Department of Economics University of Crete, Greece and Visiting Research Scholar, Department of Economics and Finance, Winston-Salem State University, USA. Previous appointments have been with Colorado State University, University of Ballarat, Monash University and the ...
Format:HardcoverDimensions:298 pages, 10.38 × 5.65 × 0.84 inPublished:May 8, 2013Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230110606

ISBN - 13:9780230110601

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