Description
In this book, nine scholars representing various perspectives examine institutions that govern economic activity in the United States and the dramatic changes they have undergone since the late nineteenth century. They investigate how and why these changes occurred and continue to occur as markets become more volatile, technology changes and international competition becomes more intense. They also address general questions about the governance of capitalist economies by considering several governance mechanisms such as markets, bureaucratic hierarchies, associations and informal networks and by exploring how such mechanisms emerge to coordinate economic activity and affect economic performance. The first part of the book describes the important characteristics of these organisational forms and provides an overview of institutional development in the US economy. The second part includes case studies of the institutional development of eight economic sectors. Finally, based on data from these case studies, the third part of the book tests competing theories of institutional change in capitalism, develops a new evolutionary model of the change process, and offers an original analysis of how the state influences this process.
Chapter
2 THE LOGIC OF COORDINATINGAMERICAN MANUFACTURINGSECTORS1
THE COORDINATION OF THE AMERICAN ECONOMY,1870-1950
THE UNITED STATES ECONOMY SINCE 1950: THETRANSFORMATION FROM HIERARCHIES TONETWORKS
Part II Empirical studies ofgovernance transformationsin the United States
3 TRANSFORMATIONS IN THEGOVERNANCE OF THE AMERICANTELECOMMUNICATIONS INDUSTRY
4 CONTRADICTIONS OFGOVERNANCE IN THE NUCLEARENERGY SECTOR
GOVERNANCE MECHANISMS ANDSECTORAL COORDINATION
THE COMMERCIAL NUCLEAR ENERGY SECTOR
STATE DOMINANCE AND THE SECTOR'SDEVELOPMENT, 1946-63
MARKET AND CORPORATE DOMINANCE, 1963-79
SELF-REGULATION BY ASSOCIATIONS ANDNETWORKS, 1979-87
5 THE STATIST EVOLUTION OF RAILGOVERNANCE IN THE UNITEDSTATES, 1830-1986
THE SPECIAL NATURE OF THERAILROAD INDUSTRY
STAGE ONE! THE EVOLUTION OF PRIVATECAPITALIST GOVERNANCE, 1830-84
STAGE TWO! ANTIRAIL MOBILIZATION ANDNEGATIVE REGULATION, 1885-1919
WHY THE STATE INTERVENED IN RAILGOVERNANCE
STAGE THREE! STATE-ENFORCED GOVERNANCEDEADLOCK, 1920-65
STAGE FOUR! THE PROACTIVE STATE ANDGOVERNANCE, 1966-75
STAGE FIVE! THE STRUGGLE TO REVERSE THEPROACTIVE STATE, 1976-86
6 GOVERNANCE OF THE STEELINDUSTRY: WHAT CAUSED THEDISINTEGRATION OF THEOLIGOPOLY?
THE ELEMENTS OF OLIGOPOLY
THE EMERGENCE OF NEW COMPETITION
RESTRAINTS ON THE INTEGRATED MILLS
THE OPPOSITION TO INDUSTRIAL POLICY
7 GOVERNANCE OF THEAUTOMOBILE INDUSTRY: THETRANSFORMATION OF LABOR ANDSUPPLIER RELATIONS
GOVERNANCE BEFORE THE 1980s
THE NEW COMPETITIVE ENVIRONMENT
THE TRANSFORMATION OF SUPPLIER RELATIONS
THE DEMISE OF JOB-CONTROL UNIONISM
8 THE DAIRY INDUSTRY: FROMYEOMANRY TO THEINSTITUTIONALIZATION OFMULTILATERAL GOVERNANCE
ATOMISTIC MARKET STRUCTURE BEFORE 1880
DEALER DOMINANCE, 1880-1915
THE IMPORTANCE OF MULTILATERALGOVERNANCE, 1915-33
INSTITUTIONALIZATION OF MULTILATERALGOVERNANCE, 1933-70S
THE BREAKDOWN OF MULTILATERAL GOVERNANCE
9 ECONOMIC GOVERNANCE AND THEAMERICAN MEATPACKINGINDUSTRY
BOUNDARIES AND TRANSACTIONS IN THEMEATPACKING INDUSTRY
MARKET GOVERNANCE IN AN INFANT INDUSTRY
THE SEARCH FOR MARKET SHARE AND PROFITS!CORPORATE HIERARCHY AND ASSOCIATIONS,1880-1920
DECLINING CONCENTRATION AND THE RISE OFMARKET GOVERNANCE, 1920-60
MARKET GOVERNANCE UNDER STRAIN, 1960-85
10 THE INVISIBLE HAND INHEALTHCARE: THE RISE OFFINANCIAL MARKETS IN THE U.S.HOSPITAL INDUSTRY
GOVERNANCE OF THE HOSPITAL INDUSTRY
THE ECONOMICS OF INSTITUTIONAL CHANGE
THE POLITICS OF INSTITUTIONAL CHANGE
Part III Theoretical evaluation of theempirical cases
11 THE EVOLUTION OFGOVERNANCE REGIMES
FIVE MODELS OF GOVERNANCETRANSFORMATION
AN EVOLUTIONARY MODEL OF GOVERNANCETRANSFORMATION
TRAJECTORIES OF CAPITALIST DEVELOPMENT
12 THE STATE AND THEORGANIZATION OFECONOMIC ACTIVITY
THE STATE AS ACTOR AND AS STRUCTURE
POLICY ACTIONS THAT CONSTITUTE THEECONOMY
INFORMAL AND FORMAL ORGANIZATION
BILATERAL AND MULTILATERAL EXCHANGE
THE STATE AND THE TRANSFORMATION OFGOVERNANCE REGIMES
PROPERTY RIGHTS ACTIONS, STATESTRUCTURES, AND GOVERNANCETRANSFORMATIONS
PRODUCTION AND ALLOCATION ACTIONS, STATESTRUCTURES, AND GOVERNANCETRANSFORMATIONS
GOVERNANCE REGIMES, GOVERNANCETRANSFORMATIONS, AND PRODUCTIVITY
Governance of the American Economy
( Structural Analysis in the Social Sciences )
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