Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Nelson, R. R.
Right arrow Search for Related Content
Related Collections
Right arrow L51 - Economics of Regulation
Right arrow P11 - Planning, Coordination, and Reform
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Industrial and Corporate Change, Volume 11, Number 2, pp. 207-244
© 2002 Oxford University Press

The problem of market bias in modern capitalist economies

Richard R. Nelson

School of International and Public Affairs, Columbia University, Mail Code 3323, 420 West 118th Street, New York, NY 10027, USA; rrn2{at}columbia.edu

Abstract

Modern societies are presently facing a number of challenging and often contentious issues regarding how to organize and govern a variety of activities that employ a substantial and growing fraction of their resources. In certain cases, to make market organization work satisfactorily will require strong and fine-grained regulation, and perhaps a number of other supplementary non-market elements. For other activities, it would be best to rely centrally on other basic organizational modes, with markets in an ancillary role. In these latter cases, too strong an adherence to a belief in the general efficacy of simple market organization can hinder the achievement of a satisfactory solution. The central purpose of this essay is to call attention to the complexity and variegation of the sectoral or activityspecific governing structures employed by modern capitalist economies, and to argue that such structures need to be tailored to the details of the activities involved.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 Ind Corp ChangeHome page
L. Dahlander
Penguin in a new suit: a tale of how de novo entrants emerged to harness free and open source software communities
Ind. Corp. Change, October 1, 2007; 16(5): 913 - 943.
[Abstract] [Full Text] [PDF]


Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.