IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-28659-7_2.html
   My bibliography  Save this book chapter

Economic Progress and Organization in Capitalist Economies

In: Globalization and National Economic Welfare

Author

Listed:
  • M. Panić

    (University of Cambridge)

Abstract

As economic processes become more and more specialized and divided, people become increasingly separated, both geographically and in their understanding of each other’s problems, aspirations and skills. It is, therefore, in the very nature of the continuous specialization and segmentation of production and distribution processes that they increase the problem of communication and, thus, the risk of failure. The ability to achieve a particular economic objective depends increasingly on the compatibility and timing of a vast number of seemingly unrelated actions carried out by a large number of people. Yet most of these people frequently have no idea that they are working towards the same goal for the very simple reason that they are not even aware of each other’s existence! To complicate matters further, in the absence of coercion no objective can be attained unless it is, first of all, accepted by those whose participation is essential for its realization.

Suggested Citation

  • M. Panić, 2003. "Economic Progress and Organization in Capitalist Economies," Palgrave Macmillan Books, in: Globalization and National Economic Welfare, chapter 2, pages 53-71, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28659-7_2
    DOI: 10.1057/9780230286597_2
    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.

    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:pal:palchp:978-0-230-28659-7_2. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.