Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 May 2019

Abstract and Keywords

This chapter considers three questions arising from the idea of a ‘structural transformation’ of present-day economies: What is harmful in the existing structures? What goals do we want any new structures to serve? And what structures would serve the chosen goals? It begins with a discussion of the various harms attributed to the structures of advanced economies today, noting the frustration and alienation felt by the working class. It then challenges the belief that optimal resource allocation and well-functioning institutions are sufficient for a satisfactory economy, suggesting that the right economic model is the good economy—the kind of economy offering the good life. It also examines structures that make it possible to attain the desirable goals of prospering, flourishing, and self-expression. Finally, it analyses corporatism as the alternative to genuine capitalism and how it has prevented the system of economic dynamism from delivering the good life for many people.

Keywords: structural transformation, advanced economies, working class, good economy, good life, prospering, flourishing, self-expression, corporatism, capitalism

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.