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A Review of Geoffrey M. Hodgson, Conceptualizing Capitalism: Institutions, Evolution, Future;

机译:Geoffrey M. Hodgson的评论,《资本主义概念化:制度,演进,未来》;

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Capitalism and law go together in Geoffrey M. Hodgson's comprehensive analysis of the intellectual history and practical development of the capitalist system in Western Europe and North America. Given the breadth and depth of Professor Hodgson's reading in political economy and his reflections on its implications for the present and future of global capitalism, his book deserves to be widely read. Labeling his approach legal institutionalism, he argues that a legal system that supports capitalism and the market is necessary but not sufficient to sustain a fair and efficient economic system. The state makes efficient markets possible, but it must also deal with the inevitable tensions and the fundamental asymmetry between labor and capital. Tensions arise because labor cannot be used as collateral for the loans that are needed for large-scale capitalist enterprise. Hodgson has not developed the political implications of his conclusions in any detail, but his work ought to inspire research that explores the implications of his arguments for ongoing projects of nation building.
机译:杰弗里·M·霍奇森(Geoffrey M. Hodgson)对西欧和北美资本主义制度的思想史和实践发展的全面分析,把资本主义和法律结合在一起。考虑到霍奇森教授在政治经济学中的阅读广度和深度,以及他对全球经济的现在和未来的影响的反思,他的书值得广泛阅读。他称自己的方法是法律制度主义,认为支持资本主义和市场的法律体系是必要的,但不足以维持公平有效的经济体系。国家使有效的市场成为可能,但它也必须处理不可避免的紧张关系以及劳动力与资本之间的根本不对称。由于无法将劳动力用作大型资本主义企业所需的贷款的抵押品,因此产生了紧张局面。霍奇森尚未详细阐明其结论的政治含义,但他的工作应激发研究探索其论点对正在进行的国家建设项目的影响的研究。

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