Market and State in Advanced Capitalist Societies

Based on the assumption that in the course of capitalist development the borderline between state & market has been unstable, the basic features of welfare state capitalism, referring here to the relation between market & state prevailing during the growth of Western economies after WWII, ar...

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Bibliographic Details
Published in:Current sociology 1990-10, Vol.38 (2), p.103-132
Main Author: Berger, Johannes
Format: Article
Language:English
Subjects:
Capitalist Societies
Capitalist society
Market
Markets
Post World War II Period
Stability
State Society Relationship
Welfare State
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Summary:Based on the assumption that in the course of capitalist development the borderline between state & market has been unstable, the basic features of welfare state capitalism, referring here to the relation between market & state prevailing during the growth of Western economies after WWII, are outlined. An attempt is made to substantiate the argument that the welfare state has changed from a stabilizing to a destablizing factor in economic development. Given that the growth potential of the Keynesian welfare state is exhausted, it is questioned which institutional structure could lead to renewed prosperity, & it is predicted that ecology, flexibility of work time, & individualization of lifestyles will be part of such a structure. 2 Tables, 2 Figures. Modified AA
ISSN:0011-3921
1461-7064
DOI:10.1177/001139290038002006