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About this product
- DescriptionThis 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 ecomy in market exchanges. Their relations are accordingly based on mutual trust. As a rule, they do t 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 moral community binding together the different groups, and therefore 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.
- Author BiographySandro Segre is professor of sociology in the Department of Political Sciences (DISPO) of the University of Genoa, USa. Richard Swedberg is professor and director of graduate studies in the Department of Sociology at Cornell University, USA.
- PublisherTransaction Publishers
- Date of Publication30/12/2015
- SubjectBusiness, Accounting & Vocational: Textbooks & Study Guides
- Place of PublicationSomerset, NJ
- Country of PublicationUnited States
- ImprintTransaction Publishers
- Weight525 g
- Width152 mm
- Height229 mm
- Spine13 mm
- Edited bySandro Segre
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