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Capitalism Strikes Back: Why and What Consequences for Social Sciences?

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  • Boyer, Robert

Abstract

This article addresses a twofold issue: why the word capitalism has become more and more frequently used during the last decade? How could socio-economic researches contribute to understanding of the contemporary transformations of the various brands of capitalism? First, it is argued that the concept of capitalism is not equivalent to the concept of market economy since it also refers to the study of social relations and dynamic patterns of evolution. Second, the 90s were probably a turning point in the analysis of contemporary societies since the built-in propensity of capitalism to innovate and ability to propel structural change and promote globalization, are easy to recognize. Third, given the multifaceted aspects of capitalism, all social sciences (legal studies, economic history, political sciences, sociology, economic theory, technical change analysis…) do shed some light upon this complex and evolving regime. The bulk of the paper then surveys both the contribution and weaknesses of economic sociology and new political economy and proposes a research agenda in which their respective programs provide a complementary analysis of contemporary structural transformations of capitalism. Regulation theory is part of such a research agenda and could itself benefit from such a joint venture.

Suggested Citation

  • Boyer, Robert, 2007. "Capitalism Strikes Back: Why and What Consequences for Social Sciences?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 1.
    • Handle: RePEc:rvr:journl:2007:2142
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    References listed on IDEAS

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    1. World Bank, 2002. "The World Bank Annual Report 2002," World Bank Publications - Books, The World Bank Group, number 13931.
    2. Thelen,Kathleen, 2004. "How Institutions Evolve," Cambridge Books, Cambridge University Press, number 9780521546744, September.
    3. World Bank, 2002. "The World Bank Annual Report 2002," World Bank Publications - Books, The World Bank Group, number 13932.
    4. Eve Chiapello & Luc Boltanski, 1999. "Le nouvel esprit du capitalisme," Post-Print hal-00680085, HAL.
    5. Thelen,Kathleen, 2004. "How Institutions Evolve," Cambridge Books, Cambridge University Press, number 9780521837682, September.
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    Cited by:

    1. Robert Boyer, 2008. "Democracy and social democracy facing contemporary capitalisms: A "régulationist" approach," Working Papers halshs-00586315, HAL.
    2. Faruk Ülgen, 2015. "From liberal finance inconsistency to relevant systemic regulation : an institutionalist analysis," Post-Print halshs-01166696, HAL.
    3. Montagne, Sabine, 2007. "In trusts we trust: Pension funds between social protection and financial speculation," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 8(3), pages 26-32.

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    More about this item

    Keywords

    capitalisme; économie de marché; économie institutionnelle; nouvelle économie politique; sociologie économique; théorie de la Régulation; capitalism; economic sociology; institutional economics; market economy; new political economy; Regulation theory;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • N00 - Economic History - - General - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Z1 - Other Special Topics - - Cultural Economics

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