
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.
| 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). | 21 | |
| 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. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
