Please use this identifier to cite or link to this item: https://doi.org/10.2202/1932-0213.1076
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dc.titleCorporatism and the ghost of the third way
dc.contributor.authorMorck, R.K.
dc.contributor.authorYeung, B.
dc.date.accessioned2013-10-09T06:52:40Z
dc.date.available2013-10-09T06:52:40Z
dc.date.issued2010
dc.identifier.citationMorck, 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
dc.identifier.issn19320213
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44264
dc.description.abstractAn 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.2202/1932-0213.1076
dc.sourceScopus
dc.subjectCatholic social teachings
dc.subjectcorporatism
dc.subjectethics
dc.subjectfascism
dc.subjectfinancial development
dc.subjectlegal origin
dc.subjectsyndicates
dc.typeArticle
dc.contributor.departmentBUSINESS POLICY
dc.description.doi10.2202/1932-0213.1076
dc.description.sourcetitleCapitalism and Society
dc.description.volume5
dc.description.issue3
dc.description.page-
dc.identifier.isiutNOT_IN_WOS
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