
Published online:
24 May 2012
Published in print:
04 August 1997
Online ISBN:
9780520919105
Print ISBN:
9780520208896
Contents
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The Social Structure of Markets The Social Structure of Markets
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Karl Polanyi's Comparative Study of Economic Systems Karl Polanyi's Comparative Study of Economic Systems
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The Great Transformation? Braudel's Critique The Great Transformation? Braudel's Critique
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Are Contemporary Industrial Economies Really Dominated by Impersonal Markets? The Institutional Economists' Critique Are Contemporary Industrial Economies Really Dominated by Impersonal Markets? The Institutional Economists' Critique
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Understanding Markets as Concrete Institutions Understanding Markets as Concrete Institutions
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The Social Structure of Capitalism The Social Structure of Capitalism
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The Managerial Revolution The Managerial Revolution
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The Investor Revolution The Investor Revolution
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Stockholders, Stakeholders, and Alliance Structures Stockholders, Stakeholders, and Alliance Structures
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Conclusion Conclusion
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Chapter
II Rethink Market Capitalism
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Pages
39–62
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Published:August 1997
Cite
Gerlach, Michael L., 'Rethink Market Capitalism', Alliance Capitalism: The Social Organization of Japanese Business (Oakland, CA , 1997; online edn, California Scholarship Online, 24 May 2012), https://doi.org/10.1525/california/9780520208896.003.0002, accessed 14 May 2025.
Abstract
This chapter examines the nature of capitalism in a subset of markets in Japan that involves the flow of capital which represents the lifeblood of business operations. It considers the operation of markets as they actually function in Japan and other real-world economic systems, focusing on the limits to impersonal exchange and the separation of social and economic spheres of life that underlie perfect competition. The chapter also analyzes the nature of capitalism as a pattern of higher-level control over market assets, over an economy's capital-allocation and corporate decision-making process.
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