The book begins with a penetrating analysis of the main features of today's capitalism and in particular the conflict …pt. 1. Changing capitalism : shareholders versus managers -- pt. 2. Globalized technostructures : towards a theory of …

capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable … Schumpeterian perspectives. The nature of institutions in the growth and instability of capitalism is then explored with reference … author concludes, using institutional-evolutionary themes of political economy, that the evolution of modern capitalism is …

Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich … makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives … classical liberalism, the rule of law and capitalism -- pt. 3. Toward a theory of institutional change …

the dynamics of an ever-changing economy. The result is a compelling case for reforming capitalism by addressing workers … evolution of US capitalism; and policy analysts and concerned citizens will welcome its emphasis on economic reform and …