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Book Synopsis
Drawing on a theoretical approach called legal institutionalism, the author establishes that the important factor in the emergence of capitalism is the constitutive role of law and the state. He identifies the key institutional developments that coincided with its rise.

Trade Review
"In standard economics, capitalism has become an ill-defined concept, its analysis flawed from the very initial definition. Hodgson's book reintroduces a sharp and precise definition, showing how a successful analysis of capitalism requires an understanding of the interactions of numerous complementary institutions, including sophisticated legal institutions. This is a remarkable and highly original piece of interdisciplinary scholarship that will greatly contribute to the understanding of contemporary capitalist economies." (Ugo Pagano, University of Siena and Central European University)

Conceptualizing Capitalism Institutions

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    A Hardback by Geoffrey Hodgson

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      Book details

      Publisher The University of Chicago Press
      Published 22 September 2015
      ISBN-13 9780226168005
      978-0226168005
      ISBN-10 022616800X
      Also in:
      Economics

      Description

      Book Synopsis
      Drawing on a theoretical approach called legal institutionalism, the author establishes that the important factor in the emergence of capitalism is the constitutive role of law and the state. He identifies the key institutional developments that coincided with its rise.

      Trade Review
      "In standard economics, capitalism has become an ill-defined concept, its analysis flawed from the very initial definition. Hodgson's book reintroduces a sharp and precise definition, showing how a successful analysis of capitalism requires an understanding of the interactions of numerous complementary institutions, including sophisticated legal institutions. This is a remarkable and highly original piece of interdisciplinary scholarship that will greatly contribute to the understanding of contemporary capitalist economies." (Ugo Pagano, University of Siena and Central European University)

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