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Evolution And Evaluation Of The Firm Intensive System In Fis-Centred Countries

In: World Development and Economic Systems Theory and Applications

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  • S.I. Cohen

Abstract

The following sections are included:INTRODUCTIONHISTORICAL DEVELOPMENTSFocusThe period of 1000 to 1400The Papal revolution and crusade warsThe feudal–lordship–manorial subsystemUrban communesTrade guildsThe period of 1400 to 1700The RenaissanceThe Reformist RevolutionsThe world discoveriesThe colonial conquestThe rise of nation statesThe rise of business metropolisThe period of 1700 to 1900Enlightenment and the constitutional revolutionsEconomic thought and the IRThe period of the 20th century and recent yearsWorld War IWorld War IIGreat DepressionFinancial crisesIntegration of the FISGlobalizationA summary illustration of the changed relative powers of main subsystems in FIS countriesEVALUATION OF CHALLENGES AND RESPONSES IN FIS-CENTRED COUNTRIESThe free market economy model, market failures and policy responsesProduction indivisibilitiesNatural monopolyImperfect competitionThe trade-off between perfect competition and technological advanceImperfect governanceIncomplete informationAsymmetric informationExternality effectsCollective needsEndowments distribution: Income and wealthTHE POLITY SYSTEMIN FIS COUNTRIESPRIVATE AND PUBLIC SHARES IN FIS COUNTRIESCONCLUDING REMARKSENDNOTES

Suggested Citation

  • S.I. Cohen, 2015. "Evolution And Evaluation Of The Firm Intensive System In Fis-Centred Countries," World Scientific Book Chapters, in: World Development and Economic Systems Theory and Applications, chapter 4, pages 93-179, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814632331_0004
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