By R. Mascarenhas
This comparative research of commercial capitalism is an exam of state-economy kinfolk in combined economies starting from the interventionist German and eastern to the fewer interventionist Anglo-American. Following the postwar consensus that ended in the 'golden age' (1950-1973) and ended with the power predicament, the Anglo-American economies followed neoliberalism whereas Germany and Japan remained interventionist. This led to the emergence of nationwide sorts of capitalism. whereas interpreting the elevated pageant among them, R.C.Mascarenhas additionally notes the effect of globalization in addition to 'alternative capitalism' with the survival and re-emergence of commercial districts.
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Capitalism, Weber argues, combines the protestant idea of ``calling'' with a traditional, puritan emphasis upon moral personal conduct. The combination of these two ethical principles finds expression in hard work, the development of surpluses from that hard work (capital), and the investment of these surpluses for purposes of greater productivity' (Dobelstein, 1980, p. 105). The protestant ethic advocates a religious and cultural explanation for the birth of capitalism, that is, ascetic protestantism ± that helped to create a new type of economic mentality, namely rational capitalism (Swedberg, 1998, p.
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A Comparative Political Economy of Industrial Capitalism by R. Mascarenhas