Capitalism and Society
A Journal of the Center on Capitalism and Society
Ed. by Phelps, Edmund / Bhidé, Amar
SCImago Journal Rank (SJR) 2014: 0.285
Source Normalized Impact per Paper (SNIP) 2014: 1.534
Impact per Publication (IPP) 2014: 1.000
Aims and Scope
Effective January 1, 2013, Capitalism and Society will be published by the Social Science Research Network. CLICK HERE for more information.
The capitalist system is of great interest and importance in view of its outstanding dynamism relative to that of other systems tried in the past century. Yet the established body of economic theory—intertemporal, information-theoretic and game-theoretic—does not incorporate key elements of the capitalist dynamic: business innovation as distinct from technological advance and the contributions of entrepreneurs and financiers to the innovation process. As a consequence, established theory cannot capture the core of the dynamism. In fact, it contradicts the existence of such dynamism: capitalism is an evolving, unruly, open-ended system while the theory implies a deterministic future however buffeted it is by stochastic shocks.
The Center on Capitalism and Society aims to further understanding of the mechanisms of capitalist dynamism and the satisfactions it gives. Today’s established economics—the economics dominant in classrooms, banks and governments—misconceives the modern economy. This disconnect has consequences for how we understand history, how we make policy, and how we view capitalism. Its explanations fail and mislead at important junctures in modern history. Until economics is grounded on the basic character of modern economies—the ignorance, the uncertainty, and the new ideas for speculation and innovation—it limits and distorts our view. In capitalist economies, new commercial ideas are the driving force. The implementation of many of them is boundless because either they do not require technological advance or they induce the advance they need. Their formation, development and adoption lifts a capitalist economy's performance in most dimensions: productivity and pay, job creation and how rewarding the jobs are—mental stimulation, intellectual development and personal growth. Yet such new ideas raise difficulties owing to Knightian uncertainty about their value. Our task is to model the processes by which the entrepreneurs and financiers of capitalist economies generate and select new ideas for try-out and the ways in which consumers and producers manage to evaluate the new products and methods. With such models we can see better how one fabric of economic institutions might give better performance than another.
This publication (supported by a generous grant from the Kauffman Foundation) provides an outlet for scholarly work that advances the goals of the Center, especially for those articles whose length, subject matter, approach, etc. might preclude publication in a standard journal. We want to provide a stimulating forum for discourse of ideas that may not be proven beyond a reasonable doubt. Accordingly, we will publish papers along with the commentary of a reviewer, leaving room for “agreement to disagree.”
- Type of Publication:
Submission of Manuscripts
Instructions for Authors
Final Manuscript Preparation Guidelines
Please find here details on copyediting, typesetting, and layout requirements pertaining to final manuscript submission to this journal. All manuscripts must have correct formatting to be considered ready for publication.
The EdiKit system has been designed to improve the scholarly publication process for authors. Among the many improvements we offer over traditional journals, the most significant is that we have dramatically shortened the period between the initial submission and the final publication of a peer-reviewed article. Much of this time savings is due to the innovative use of electronic publication. These innovations, however, require certain changes in the way authors need to prepare accepted manuscripts for electronic publication.
De Gruyter does not copyedit manuscripts for this journal until further notice. However, De Gruyter does offer support to authors during the process. Authors are their own copyeditors and typesetters. This means that authors need to pay greater attention to the editing and look of their manuscripts than is typically required by print journals. If you have reasons to doubt your proficiency with respect to spelling, grammar, etc. (e.g., because English is not your native language), then you may wish to employ—at your expense—the services of a professional copyeditor.
Please get in touch with the copyeditors directly to discuss details.
- Alexandra Griswold
Areas of expertise: public policy, political science, education, economics, social sciences, humanities, ethics
- Cyndy Brown
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- Donna Reeder
Reeder Literary Services
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Areas of expertise: Local government management, international crime and terrorism, emergency/disaster management, humanities, social science
- Patience Kramer
Areas of expertise: Health and Medicine (CAM and drug policy and analysis), Economics and Business (with a focus on marketing)
- Steve Peter
Areas of expertise: LaTeX, Linguistics, economics, mathematics
CONTENT and STRUCTURE
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PAGE LAYOUT and SPACING
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TABLES, FIGURES & GRAPHS
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MATHEMATICS and EQUATIONS
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REFERENCES WITHIN TEXT
- Within the text of your manuscript, use the author-date method of citation. For instance, “As noted by Smith (1776).”
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It is the author's obligation to provide complete references with the necessary information. Our editors do not check this.
- After the last sentence of your submission (text or appendix), please insert a line break—not a page break—and begin your references on the same page.
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- References must be in alphabetical order and have margins that are both left- and right- justified. You may choose not to right-justify the margin of individual references if the spacing looks too awkward.
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- Within the references section, the citations can be formatted as you like, provided (i) the formatting is consistent and (ii) each citation begins with the last name of the first author. That is, the following would all be acceptable:
Smith, Adam (1776) The Wealth of Nations, …
Smith, A., The Wealth of Nations, … , 1776.
Smith, Adam: The Wealth of Nations, 1776, …
Abstracting & Indexing
Capitalism and Society is covered by the following services:
- Baidu Scholar
- Cabell's Directory
- CNKI Scholar (China National Knowledge Infrastructure)
- EBSCO (relevant databases)
- EBSCO Discovery Service
- Elsevier - SCOPUS
- Genamics JournalSeek
- Google Scholar
- International Political Science Abstracts (IPSA)
- Naviga (Softweco)
- Primo Central (ExLibris)
- ProQuest (relevant databases)
- Research Papers in Economics (RePEc)
- SCImago (SJR)
- Summon (Serials Solutions/ProQuest)
- TDOne (TDNet)
- Ulrich's Periodicals Directory/ulrichsweb
- WorldCat (OCLC)
Edmund Phelps, Director
Center Members and Editorial Board
Bruce Greenwald; R.