This work builds on the classical sociological contributions of Weber, Simmel, and Toennies, and makes the case for different and alternative ideal-typical models of business relations, which the author calls “English“ and “German.“
The “English“ model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities.
By contrast, the “German“ model involves hierarchical relations between a group’s major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favors, with authorities.
The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the “English“ model, and shows this model’s superior performance. “English“ model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the “German“ model. A new epilgoue makes use of more recent information and confirms Segre’s arguments.
The “English“ model of business relations is characterized by free competition between firms. They abide by the ethical rules of fair business and the moral economy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do not cultivate privileged relations with political authorities.
By contrast, the “German“ model involves hierarchical relations between a group’s major firm and its smaller units. There is no moral community binding together the different groups, and therefore no mutual trust between them. Business groups maintain close relations, based on reciprocal favors, with authorities.
The author compares the London and New York Stock Exchanges in the late nineteenth century, finding the former better approximates the “English“ model, and shows this model’s superior performance. “English“ model countries such as Taiwan have been shown to be more competitive in market exchanges than countries such as South Korea, which approximate the “German“ model. A new epilgoue makes use of more recent information and confirms Segre’s arguments.
€38.99
Despre autor
Sandro Segre is a professor in the Department of Political and Social Sciences, University of Genoa, Italy.Cumpărați această carte electronică și primiți încă 1 GRATUIT!
Limba Engleză ● Format EPUB ● Pagini 153 ● ISBN 9781412856461 ● Mărime fișier 0.3 MB ● Editura Transaction Publishers ● Publicat 2016 ● Descărcabil 24 luni ● Valută EUR ● ID 6536348 ● Protecție împotriva copiilor Adobe DRM
Necesită un cititor de ebook capabil de DRM
145.351 Ebooks din această categorie
