https://www.scribd.com/document/370285311/Dennis-C-mueller-The-Oxford-Handbook-of-Capitalism
The Oxford Handbook of Capitalism
Dennis C. Mueller (ed.)
Published:
19 April 2012
Abstract
The financial crisis that began in 2008 and its lingering aftermath have caused many intellectuals and politicians to question the virtues of capitalist systems. This book analyzes both the strengths and weaknesses of capitalist systems. The volume opens with articles on the historical and legal origins of capitalism. These are followed by articles describing the nature, institutions, and advantages of capitalism: entrepreneurship, innovation, property rights, contracts, capital markets, and the modern corporation. The next set of articles discusses the problems that can arise in capitalist systems including monopoly, principal agent problems, financial bubbles, excessive managerial compensation, and empire building through wealth-destroying mergers. Two subsequent articles examine in detail the properties of the “Asian model” of capitalism as exemplified by Japan and South Korea, and capitalist systems where ownership and control are largely separated as in the United States and United Kingdom. The volume concludes with an article on capitalism in the twenty-first century by Nobel Prize winner Edmund Phelps.
Keywords: financial crisis, capitalist systems, entrepreneurship, innovation, property rights, contracts, capital markets, modern corporation, monopoly, principal agent problems
Subject Economics
Series Oxford Handbooks
Contents
Front MatterCONSULTING EDITORS
Copyright Page
Preface
Contributors
Introduction: The Good, The Bad, And The UglyGet access
Dennis C. MuellerView chapter
Part 1 Origins
1 The Modern Capitalist World Economy: A Historical OverviewGet access
Jeffry A. FriedenView chapter
2 Legal Institutions and Economic DevelopmentGet access
Thorsten BeckView chapter
3 Capital Markets and Financial Politics: Preferences and InstitutionsGet access
Mark J. RoeView chapter
Part 2 The Nature of Capitalism
4 The Four Types of Capitalism, Innovation, and Economic GrowthGet access
William J. Baumol et al.View chapter
5 The Dynamics of CapitalismGet access
F. M. SchererView chapter
Part 3 The Institutions of Capitalism
6 The Role of Finance in Economic Development: Benefits, Risks, and PoliticsGet access
Thorsten BeckView chapter
7 Property Rights and CapitalismGet access
Paul H. Rubin and
Tilman KlumppView chapter
8 Management and Governance of the Business Enterprise: Agency, Contracting, and Capabilities PerspectivesGet access
David J. TeeceView chapter
9 ContractsGet access
Victor P. GoldbergView chapter
Part 4 Problems with Capitalism
10 Capitalism as A Mixed Economic SystemGet access
Richard R. NelsonView chapter
11 Monopoly CapitalismGet access
Keith Cowling and
Philip R. TomlinsonView chapter
12 Agency Problems and the Fate of CapitalismGet access
Randall Morck and
Bernard YeungView chapter
13 Executive Compensation: Governance and the Financial CrisisGet access
Martin J. ConyonView chapter
14 Bubbles in Asset PricesGet access
Burton G. MalkielView chapter
15 Mergers and the Market for Corporate ControlGet access
Dennis C. MuellerView chapter
Part 5 Capitalism and the State: Different Approaches
16 Dispersed Ownership: The Theories, the Evidence, and the Enduring Tension between “Lumpers” and “Splitters”Get access
John C. CoffeeView chapter
17 The East Asian (mostly Japanese) model of Capitalism
Hiroyuki OdagiriView chapter
Part 6 Whither Capitalism?
18 Refounding CapitalismGet access
Edmund PhelpsView chapter
End MatterIndex
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