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The Role of executive rationale in the comparison of capitalisms: some preliminary findings

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The question of rationality was one of Weber's key occupations, and recent advances in various fields of social sciences have given new credence to its explanatory power. In this paper, the authors link Weber's distinction of formal, instrumental, and value rationality to the forming of institutions and the evolution of societal systems of capitalism. In doing so, they propose a framework for variety in capitalisms that expands on the works of Child and Whitley by taking into account the influence of culture, operationalized as rationale, identity, and authority, on institutions and the business system. First evidence from interviews with top-level executives in four countries-Germany, Japan, South Korea, and the United States-suggests that there are salient differences in executive rationale across types of capitalism, which in turn find their expression in the structuring of the respective economies.

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp2004/2004-15.pdf

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Copyright INSEAD. All rights reserved