For much of the twentieth century, rivalry existed between centrally planned and capitalist solutions to the problems of economic stability and growth. This changed in the 1990s. In that same decade, the period of rapid growth of the Japanese economy came to an end and by the close of the century, the American model of capitalism was seen as the only possible option.

Modern capitalism has achieved spectacular rates of innovation and growth but the system is still menaced by financial crises and economic recessions. Furthermore, there is an unacknowledged diversity of capitalist systems. Contributors to this volume argue that to understand capitalism in evolution, this diversity of systems and approaches must be taken into account and their individual evolutions analysed.

This book represents a major understanding of the evolution of capitalism in the twenty first century and brings together a distinguished group of experts with perspectives from America, Europe and Japan.

About the Author
Edited by Geoffrey M. Hodgson, Emeritus Professor, Loughborough University London, UK, Makoto Itoh, Professor of Economics, Kokugakuin University, Tokyo and Emeritus Professor, University of Tokyo, Japan and Nobuharu Yokokawa, Professor of Economics, Musashi University, Tokyo, Japan

Reviews
'. . . this collection will be useful to economic and business historians in reminding them that capitalism is not a monolithic and unvarying economic system.'



Book Information
ISBN 9781858988603
Author Geoffrey M. Hodgson
Format Hardback
Page Count 224
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd