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area. The paper looks primarily at Italy, using the examples of Germany and Japan to search for parallels and contrasts … Germany and Japan followed a much more orthodox stance than Italy), in institutional set-ups (with Italy much less efficient … than Germany and Japan), in labour market relations (with much greater conflict in Italy than in the other two countries …
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Our purpose here is to challenge the "big-bang" approach to economic history in which some alleged institutional imposition - a deus machine - is claimed to launch a series of new economic behaviors. This so-called prime mover is then carried forward by the inexorable forces of path dependency...
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