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Socio-Economic Review
Article . 2004 . Peer-reviewed
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Beneficial constraints: beneficial for whom?

Authors: E. O. Wright;

Beneficial constraints: beneficial for whom?

Abstract

Wolfgang Streeck convincingly argues, in an influential paper published in 1997, that economic performance in market societies is enhanced when the rational, voluntaristic choices of actors are constrained by a variety of normative and institutional constraints. This paper offers three modifications of this central Durkheimian thesis: (1) the meaning of good performance of an economic system differs among class actors in a market economy; (2) the level of institutional constraint that is optimal for good economic performance in the interests of capitalists is generally lower than the level of constraints that is optimal for workers; and (3) institutional constraints on voluntary rational choice - even those optimal for capitalists - also may have dynamic effects on the balance of power among social forces which could lead capitalists to prefer suboptimal constraints from the point of view of economic performance.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
21
Top 10%
Top 10%
Top 10%
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