Routledge Capitalism, Institutions, and Economic Development

Explore a deep reassessment of economic history and theory with Capitalism, Institutions, and Economic Development. Part of the Routledge Frontiers of Political Economy series, this book offers a fresh look at the classic arguments presented by thinkers such as Weber, Schumpeter, Hayek, Popper, and Parsons. Instead of following standard economic views, this work reconceptualizes actually-existing capitalism. It presents capitalism as an impersonal procedural solution designed to coordinate public institutions. This coordination is what allows for social order and the generation of market-based wealth over time. Because few countries have successfully reached this state, the book provides a unique contribution by identifying a practical sequence of economic and institutional shortcuts to real capitalism. It challenges current orthodoxies regarding economic varieties and provides a new framework for understanding how nations develop stable, wealth-generating systems. This is an essential read for students, academics, and professionals interested in the intersection of political economy and institutional development.