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Logics of action and models of capitalism: explaining bottom-up non-liberal change

Etienne, Julien and Schnyder, Gerhard (2014) Logics of action and models of capitalism: explaining bottom-up non-liberal change. Swiss Political Science Review, 20 (3). pp. 365-387. ISSN 1424-7755

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Identification Number: 10.1111/spsr.12082

Abstract

Recent institutionalist scholarship has theorized the liberalization or “disorganization” of capitalism as the result of shifts in economic actors' “logic of action” towards opportunism. Little attention has been given to the reverse possibility that shifts in economic actors' “logic of action” away from opportunism might contribute to “embedding” or “organizing” capitalism. This paper builds on recent scholarship to theorize this scenario and then demonstrate its empirical validity with an historical institutionalist study of the emergence of such a “non-liberal” institution in Switzerland in 1961. The theoretical framework links three “logics of action” – opportunism, enlightened self-interest and strong solidarity – to Höpner's typology of capitalist institutions – organized, coordinated, and liberal. It theorizes the interactions between these logics and the social mechanism – goal signaling – that can explain a shift from one logic of action to another, potentially leading to change from one type of institution to another.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1002/(IS...
Additional Information: © 2014 Swiss Political Science Association
Divisions: Centre for Analysis of Risk & Regulation
Subjects: J Political Science > JA Political science (General)
Sets: Research centres and groups > Centre for Analysis of Risk and Regulation (CARR)
Date Deposited: 13 Feb 2015 13:41
Last Modified: 10 May 2020 23:04
Funders: British Academy
URI: http://eprints.lse.ac.uk/id/eprint/60940

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