Dr Michael G. Heller is a political scientist specialising in development issues. He has held research and teaching positions at universities in Mexico (Colegio de México), the United Kingdom (School of Oriental and African Studies), Argentina (Universidad de Cuyo), and Australia (University of Technology Sydney).
Based on a timely reassessment of the classic arguments of Weber, Schumpeter, Hayek, Popper, and Parsons, this book reconceptualizes actually-existing capitalism. It proposes capitalism as an impersonal procedural solution to the problems of spontaneously coordinating public institutions that enable durable market-based wealth generation and social order. Few countries have achieved this. A novel contribution of the book is that it identifies a practical sequence of economic and institutional shortcuts to real capitalism.
The book challenges current orthodoxies about varieties of capitalism and relativist recipes for economic growth, and it criticizes culturalist and incrementalist viewpoints in institutional economics. It calls on the social sciences to help in constructing dynamic and prosperous open societies of the twenty-first century by reclaiming older ideas of `social economics´. Better and faster solutions will emphasize crisis-induced change, rational leadership, ideological persuasion, institutional engineering, rules-based market freedom, and the universalistic formal-procedural impersonality of optimal regulatory systems.
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The primary market for this book are scholars and students in the sub-fields of Economics that study the institutional and evolutionary reasons for the wealth of nations
Other major markets are Development Studies, Economic Sociology, as well as the relevant areas of Political Science and Political Sociology
Given the current global situation, this book´s clearly organised and non-technical central thesis about impersonal capitalism and crisis-induced policy solutions to many of the pressing problems of developing countries is timely and provoking
1. Institutional Capitalism 2. The Modern State 3. Law and Economy 4. Development in Disequilibrium 5. Carriers of Change 6. Models of Crisis 7. The Transition Sequence 8. Making the Change
In this forthright challenge to relativist economic recipes for growth and culturalist-incrementalist views in institutional economics, Heller draws on Weber, Schumpeter, and Hayek to present a new universalistic vision of capitalism's depersonalized institutions as well as the ideological policies needed during constructed capitalist transitions.
Klappentext
Based on a timely reassessment of the classic arguments of Schumpeter, Weber, Hayek, Popper and Parsons, this book challenges current orthodoxies about varieties of capitalism and relativist recipes for economic growth. It criticises culturalist and incremental viewpoints and calls for prosperous open societies.
