IDEAS home Printed from https://ideas.repec.org/a/oup/indcch/v11y2002i2p207-244.html
   My bibliography  Save this article

The problem of market bias in modern capitalist economies

Author

Listed:
  • Richard R. Nelson

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. Copyright 2002, Oxford University Press.

Suggested Citation

  • Richard R. Nelson, 2002. "The problem of market bias in modern capitalist economies," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 11(2), pages 207-244.
    • Handle: RePEc:oup:indcch:v:11:y:2002:i:2:p:207-244
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eduardo da Motta e Albuquerque, 2005. "Inadequacy of technology and innovation systems at the periphery: notes on Celso Furtado's contributions for a dialogue between evolutionists and structuralists," Textos para Discussão Cedeplar-UFMG td254, Cedeplar, Universidade Federal de Minas Gerais.
    2. Fabio Enrique Gómez Meneses & Raúl Andrés Ávila Forero, 2010. "Relación de la Presentación de Información de Negocios On-Line con las Variables Financieras en las Empresas Colombianas," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, June.
    3. Raimund Bleischwitz, 2012. "Towards a resource policy—unleashing productivity dynamics and balancing international distortions," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 24(2), pages 135-144, June.
    4. Iván Darío Hernández Umana & Raúl Andrés Ávila Forero, 2010. "Paradigma Tecno-Económico Del Sector Eléctrico En Colombia A Través De Innovaciones Tecnológicas, Organizacionales, Financieras Y De Mercadeo. Caso De Análisis: Isa. S.A," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, June.
    5. Bleischwitz, Raimund, 2003. "Cognitive and institutional perspectives of eco-efficiency," Ecological Economics, Elsevier, vol. 46(3), pages 453-467, October.
    6. Carolin Haeussler, 2011. "The Determinants of Commercialization Strategy: Idiosyncrasies in British and German Biotechnology," Entrepreneurship Theory and Practice, , vol. 35(4), pages 653-681, July.
    7. Luis Edgar Cruz, 2010. "La Constitución Política de 1991 Y La Apertura Económica," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, June.
    8. Raimund Bleischwitz & Michael Latsch & Kristian Snorre Andersen, 2004. "Sustainable Development and Collective Learning: Theory and a European Case Study," Bruges European Economic Policy Briefings 7, European Economic Studies Department, College of Europe.
    9. Richard R Nelson, 2022. "The economic system question revisited [The problem of market bias in modern capitalist economies]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(3), pages 591-609.
    10. Bleischwitz, Raimund, 2003. "Governance of sustainable development: Towards synergies between corporate and political governance strategies," Wuppertal Papers 132, Wuppertal Institute for Climate, Environment and Energy.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:11:y:2002:i:2:p:207-244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/icc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.