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Publication Date:
August 2011
ISSN:
1932-0213
DOI:
10.2202/1932-0213.1082

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Capitalism and Society

A Journal of the Center on Capitalism and Society

Ed. by Phelps, Edmund / Bhidé, Amar

The Complex Economic Organization of Capitalist Economies

Richard R. Nelson

1Columbia University

Citation Information: Capitalism and Society. Volume 6, Issue 1, Pages –, ISSN (Online) 1932-0213, DOI: 10.2202/1932-0213.1082, August 2011

Publication History:
Published Online:
2011-08-23

The ideology of how economic activity is organized in capitalist economies is sharp and simple — markets. However, in reality, economic activities in capitalist economies are organized in a variety of different ways, market organization prominent among them but not totally dominating. The basic argument of this paper is that capitalist economies should be understood as mixed economies.

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