Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons

Paperback | June 15, 2000

byRonald Dore

not yet rated|write a review
This is a book about Washington Consensus capitalism and the controversies its encroachment causes in Japan and Germany. Many people in both those countries share the assumptions dominant today in Britain and America-that managers should be intent solely on creating shareholder value and thatshareholders' financial logic alone should determine who buys what company on the stock exchange. That way efficiency (and hence global welfare) will be maximized.The Japanese and German advocates of full-bloodied market capitalism are not having it all their own way, however. In both countries there are articulate defenders of what they consider to be a better way of life, informed by a more human, more social-solidary, set of values. Dore traces the fascinating debates which ensue on corporate governance, on worker rights, on supplier relations, on cartels and anti-trust, on pensions and welfare. He also analyses actual changes in economic behaviour-an essential means of sorting out a lot of the muddle and double-talk not justin the internal debates themselves, but even more in the foreign reporting of them.These accounts of the battle for the national soul in Japan and Germany constitute one of the finest contributions to the 'diversity of capitalism' debate. Dore's account should be read by anyone who is interested to know whether, for all the talk of globalization, that diversity is going tosurvive.

Pricing and Purchase Info

$84.00

Ships within 1-3 weeks
Ships free on orders over $25

From the Publisher

This is a book about Washington Consensus capitalism and the controversies its encroachment causes in Japan and Germany. Many people in both those countries share the assumptions dominant today in Britain and America-that managers should be intent solely on creating shareholder value and thatshareholders' financial logic alone should d...

Ronald Dore is at London School of Economics.

other books by Ronald Dore

Aspects of Social Change in Modern Japan
Aspects of Social Change in Modern Japan

Kobo ebook|Mar 1 2015

$70.79 online$91.86list price(save 22%)
Finanza pigliatutto: Attendendo la rivincita dell'economia reale
Finanza pigliatutto: Attendendo la rivincita dell'econo...

Kobo ebook|Jan 1 2011

$7.39 online$9.61list price(save 23%)
see all books by Ronald Dore
Format:PaperbackPublished:June 15, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199240612

ISBN - 13:9780199240616

Customer Reviews of Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons

Reviews

Extra Content

Table of Contents

1. IntroductionPart I. The Original Japanese Model2. A Society of Long-Term CommitmentsPart II. Change and Controversy in Japan3. Sources of Change4. Corporate Governance: From the Employee-Favouring Firm to the Shareholder-Favouring Firm5. Trading Relations6. The Industry as Community: The Competition/Cooperation Balance among Competitors7. The Role of Government in the EconomyPart III. German Parallels8. Finanzplatz Deutschland9. The Codetermined Firm10. The Organized CommunityPart IV. Conclusion11. Nice Guys Finish Last?

Editorial Reviews

`Professor Dore has written a thoughtful and provocative book nn how global capitalism may evolve. Whether or not you agree with him - and many economists and CEOs will not - if you are interested in the future of the world economy, you should read this book.'Jeffrey E. Garten, Dean, Yale School of Management