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From the Nation-State to a World Society: An Institutional Reading of Globalization

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  • Alessandro Morselli

Abstract

This article highlights the inadequacy of classical and neoclassical theories for understanding the set of changes experienced by economic systems in their process of development. The institutional dimension concerning the issue of well-defined rules (through the introduction of economic policies) and involving all stakeholders in the regulatory process (starting from the firm), seems to better interpret micro- and macro-economic aspects of the evolving capitalist model. This means questioning the complicated economic governance and society in the transition from the nation-state to a world society (or world state).

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  • Alessandro Morselli, 2018. "From the Nation-State to a World Society: An Institutional Reading of Globalization," Journal of Economic Issues, Taylor & Francis Journals, vol. 52(3), pages 653-675, July.
    • Handle: RePEc:mes:jeciss:v:52:y:2018:i:3:p:653-675
    DOI: 10.1080/00213624.2018.1495988
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    Cited by:

    1. Alessandro Morselli, 2022. "An Institutionalist-Conventionalist Approach to the Process of Economic Change," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 411-428.
    2. Alessandro Morselli, 2021. "Rationality, Information Power and Institutional Theory," Review of Economics and Institutions, Università di Perugia, vol. 12(2).
    3. Alessandro Morselli, 2020. "Inequalities between liberal doctrine and Keynesian-oriented conventional economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 86-117,118-.

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