Rethink Market Capitalism

Michael L. Gerlach

in Alliance Capitalism

Published by University of California Press

Published in print August 1997 | ISBN: 9780520208896
Published online May 2012 | e-ISBN: 9780520919105 | DOI:
Rethink Market Capitalism

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This chapter examines the nature of capitalism in a subset of markets in Japan that involves the flow of capital which represents the lifeblood of business operations. It considers the operation of markets as they actually function in Japan and other real-world economic systems, focusing on the limits to impersonal exchange and the separation of social and economic spheres of life that underlie perfect competition. The chapter also analyzes the nature of capitalism as a pattern of higher-level control over market assets, over an economy's capital-allocation and corporate decision-making process.

Keywords: capitalism; Japan; business operations; economic systems; perfect competition; capital-allocation; corporate decision making

Chapter.  8415 words.  Illustrated.

Subjects: Anthropology

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