Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

Appendix. Managerial capitalism: the West and the East

A firm in a market-based society will be forced to behave in compliance with the rules and norms of the system. Where managerial duties are separated from ownership, that is, in the case of large-scale organisations, the customary claim that “the firm” maximises profits (or minimises costs) does not hold. Managers, not being owners, have no particular incentive to behave as implicitly or explicitly assumed in most economic theories, and the bigger the firm is, the more important it is how its managers behave.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2020

ISBN: 978 963 059 970 2

Gazdaság

The reader is introduced to the purpose, structure, and organizational features of the most important institutions of market economy, such as the Treasury (Ministry of Finance), central (national) bank, bodies responsible for structural changes, supervision of competition, and regulators of strategic industries. The focus of the book is on open trade dependent states, with particular emphasis new member states of the European Union where the institutional order has been shaped by legacies of previous era as well as by policy transfer and policy advice through membership in EU, OECD, IMF and other international institutions. The bulk of the book deals with the comprehensive analysis of institutions of fiscal, monetary, competition, social, spatial policies, and with the emerging trends of new practices.

Hivatkozás: https://mersz.hu/bod-institutions-of-economic-policy//

BibTeX EndNote Mendeley Zotero