- List of Figures
- List of Tables
- List of Contributors
- Institutional Perspectives—Working towards Coherence or Irreconcilable Diversity?
- Beyond Comparative Statics: Historical Institutional Approaches to Stability and Change In the Political Economy of Labor
- Actors and Institutions
- Institutional Reproduction and Change
- Qualitative Comparative Analysis of Social Science Data
- The State in the Economy: Neoliberal or Neoactivist?
- Money and Markets
- Transnational Institutions and International Regimes
- Law as a Governing Institution
- Institutional Change in Financial Systems
- The Comparative Institutional Analysis of Innovation: From Industrial Policy to the Knowledge Economy
- Changing Competition Models in Market Economies: The Effects of Inter‐nationalization, Technological Innovations, and Academic Expansion on the Conditions Supporting Dominant Economic Logics
- Institutions, Wealth, and Inequality
- Corporate Governance
- The Institutional Construction of Firms
- Institutionalizing the Employment Relationship
- Inter‐Firm Relations in Global Manufacturing: Disintegrated Production and Its Globalization
- Institutional Transformation in European Post‐Communist Regimes
- State Failure
- Financial Capitalism Resurgent: Comparative Institutionalism and the Challenges of Financialization
- Institutional Competitiveness: How Nations came to Compete
- Epilogue: Institutions in History: Bringing Capitalism Back In
Abstract and Keywords
Comparative institutionalist analysis aims to investigate different patterns of markets: how they emerged, are reproduced, managed, and changed. This article begins by providing an initial framework for identifying market processes. It describes the conditions of existence of such processes and the embeddedness of these processes in social relations and social institutions. This requires a historical perspective in order to distinguish the emergence of local market relations within non-market societies from the development of market societies per se. Market societies imply the existence of relatively stable institutional orders that facilitate the formation and operation of markets in a wide range of domains. This article considers the debate on the diffusion of the neo-liberal market model and examines the ways in which particular models of markets are becoming embedded in international and global processes.
Glenn Morgan is Professor of International Management at Cardiff Business School. His research interests concern the impact of globalization on institutions, multinationals, and governance and how this relates to changes in the organization of capitalism as a global economic system. He has published in a range of international journals such as Organization Studies, Journal of Management Studies, Human Relations, Economy and Society, and Organization. Recent books include Paul du Gay and Glenn Morgan (eds) (2013) New Spirits of Capitalism? Crises, Justifications and Dynamics, Glenn Morgan and Richard Whitley (eds) (2012) Capitalisms and Capitalism in the Twenty First Century, Glenn Morgan et al. (eds) (2010) The Oxford Handbook of Comparative Institutional Analysis.
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