Title Consistency and viability of capitalist economic systems / by John Marangos

Published New York, NY : Palgrave Macmillan, [2013]

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Description 1 online resource Contents Introduction -- Consistency and viability of economic systems -- Consistency and viability of market capitalism -- Great Britain. From Atlee's postwar consensus and welfare state to Thatcher's free market economy -- Postwar Japan: from the economic miracle to the bubble economy -- The European Union as an economic system. From the European coal and steel community to the euro -- Sweden. From "Third way" to joining the European Union Summary The ultimate survival of an economic system depends on whether or not the interrelationships between its institutions and its members are consistent with each other. "Consistency and Viability of Capitalist Economic Systems" develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency. Consistency, however, is not enough; a consistent economic system must be flexible and have the internal mechanisms to be able to adapt to changes in social reality, thus making possible its survival over time. In other words, the economic system is viable when it is able to encourage increases in labor productivity and there is popular support. Thus the economic system, in its broad social science context, must be both consistent and viable. Economic systems examined in this text are the capitalist economics systems of Great Britain, Japan, European Union and Sweden Bibliography Includes bibliographical references and index Notes Print version record Subject Capitalism -- Developed countries -- History -- 20th century Economic history -- 20th century. Economic history -- 19th century Economic history -- 1750-1918. Economic systems & structures. Economic theory & philosophy. BUSINESS & ECONOMICS -- Free Enterprise. Capitalism Economic history Economic policy Kapitalismus Wirtschaftsordnung Economic systems & structures. Economic theory & philosophy. Economics. SUBJECT Developed countries -- Economic policy -- 20th century Subject Developed countries Großbritannien Japan Europäische Union. Schweden Genre/Form History Form Electronic book ISBN 9781137080875 1137080876 9780230110601 0230110606 9781299642812 1299642810 9781349293032 1349293032

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