By John L. Campbell, Visit Amazon's J. Rogers Hollingsworth Page, search results, Learn about Author Central, J. Rogers Hollingsworth, , Leon N. Lindberg
During this tightly edited quantity, a unmarried theoretical framework is constructed to give an explanation for institutional transformation within the governance of the U.S. financial system within the 20th century, and this framework is utilized to case experiences of 8 American industries in a variety of sectors: telecommunications, nuclear power, railroads, metal vehicles, dairies, meatpacking, and hospitals. by means of "governance" the members discuss with the structures of ideas, methods and norms that outline possession and keep watch over the technique of construction, govern transactions and ascertain the potency with which assets and data are allotted. an enormous new evolutionary version of the governance transformation technique emerges, and a brand new viewpoint at the function of the nation is built, which argues that the amount addresses questions on the governance of capitalist economies regularly.
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Extra resources for Governance of the American Economy (Structural Analysis in the Social Sciences)
Personal relations within the business community often help informally mediate exchanges and generate standards of behavior betweenfirms(Granovetter 1985). One reason for establishing interlocks in thefirstplace is to develop personal liaisons between corporations that depend on each other for key resources (Allen 1974). 21 There are clear advantages to doing this. For instance, by continuing to deal with each other over time, 19 These exchange networks may be either symmetrical or asymmetrical.
Buttrick 1952; Eccles 1981: 344-7; Williamson 1985: 156-7). , Pfeffer 1972; Allen 1974; Pfeffer and Salancik 1978). Although interlocks are not obligational contracts, actors often establish them for many of the same reasons. , Knowles 1973; Mintz and Schwartz 1985). An example would be the efforts of J. P. Morgan and Company in the early part of the twentieth century to provide capital to many large manufacturing and transportation firms in exchange for key positions on the firm's board of directors.
The ability of business associations to muster support and cooperation among their members often rests on the threat of state intervention and grants of authority or other resources from the political authorities. State agencies may participate in promotional networks, such as the land grant college complex, described earlier. Indeed, because the state plays an especially unique and wide-ranging role in the governance process, it deserves special attention. THE STATE AND GOVERNANCE MECHANISMS What is the role of the state in our analytic framework?
Governance of the American Economy (Structural Analysis in the Social Sciences) by John L. Campbell, Visit Amazon's J. Rogers Hollingsworth Page, search results, Learn about Author Central, J. Rogers Hollingsworth, , Leon N. Lindberg