Please use this identifier to cite or link to this item:
https://doi.org/10.2202/1932-0213.1076
Title: | Corporatism and the ghost of the third way | Authors: | Morck, R.K. Yeung, B. |
Keywords: | Catholic social teachings corporatism ethics fascism financial development legal origin syndicates |
Issue Date: | 2010 | Citation: | Morck, R.K., Yeung, B. (2010). Corporatism and the ghost of the third way. Capitalism and Society 5 (3) : -. ScholarBank@NUS Repository. https://doi.org/10.2202/1932-0213.1076 | Abstract: | An economic system called corporatism arose in the late 19th century, promoted by Anti-Cartesian French intellectuals dismayed with the "disenchantment of the world" Weber attributed to capitalism, and by a Roman Catholic church equally dismayed with both liberalism and socialism. Corporatism recognizes the innate inequality of human beings and their need for secure places in a legitimate hierarchy and thus puts the police power of the state behind officially sanctioned Corporations, elite-controlled industrial group cartels empowered to set wages, prices, employment, and quotas, to regulate entry, and to limit imports. Corporatism was to end the class struggle by guaranteeing workers their accustomed jobs and incomes and by delegating traditional authority through a principle of subsidiarity. We argue that countries that adopted corporatism most fully - those with Roman Catholic majorities or French-educated elites - experienced substantial financial development reversals and retain legacy Corporatist institutions that continue to retard financial development and growth. © 2010 Berkeley Electronic Press. | Source Title: | Capitalism and Society | URI: | http://scholarbank.nus.edu.sg/handle/10635/44264 | ISSN: | 19320213 | DOI: | 10.2202/1932-0213.1076 |
Appears in Collections: | Staff Publications Elements |
Show full item record
Files in This Item:
File | Description | Size | Format | Access Settings | Version | |
---|---|---|---|---|---|---|
2010-corporatism_the_ghost_third_way-pub.pdf | 561.28 kB | Adobe PDF | OPEN | Published | View/Download |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.