An Essay on the Forms of Capitalism and the Implications for Public Policy
Capitalism is often defined as a single, monolithic economic system characterized by private ownership and market competition. However, this paper argues that there are several diverse forms of capitalism. After establishing a definition of the general concept, it reflects on capitalism through the...
Kaydedildi:
| Yayımlandı: | URI:https://journals.openedition.org/irpp, |
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| Yazar: | |
| Materyal Türü: | Article ou chapitre numérique |
| Dil: | Anglais |
| Baskı/Yayın Bilgisi: |
International Review of Public Policy
2025
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| Konular: | |
| Online Erişim: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Özet: | Capitalism is often defined as a single, monolithic economic system characterized by private ownership and market competition. However, this paper argues that there are several diverse forms of capitalism. After establishing a definition of the general concept, it reflects on capitalism through the lenses of structure, time, and intensity. It explores the nuances and variations in government involvement via regulation and other means of distinguishing such forms. A better discernment of how these forms of capitalism differ is valuable for the study of public policy, particularly with regard to how this may impact equity, economic growth and development, and management and governance. Indeed, deliberating how forms of capitalism have emerged across historical and institutional contexts and theorizing a pluralistic approach to economics can shape new views of capitalist systems and inform how we tailor public policy in the future to benefit all. |
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