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corporatism |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
corporatismTheory and practice of organizing the whole of society into corporate entities subordinate to the state. According to the theory, employers and employees would be organized into industrial and professional corporations serving as organs of political representation and largely controlling the people and activities within their jurisdiction. Its chief spokesman was Adam Müller (b. 1779—d. 1829), court philosopher to the Fürst (prince) von Metternich, who conceived of a “class state” in which the classes operated as guilds, or corporations, each controlling a specific function of social life. This idea found favour in central Europe after the French Revolution, but it was not put into practice until Benito Mussolini came to power in Italy; its implementation there had barely begun by the start of World War II, which resulted in his fall. After World War II, the governments of many democratic western European countries (e.g., Austria, Norway, and Sweden) developed strong corporatist elements in an attempt to mediate and reduce conflict between businesses and trade unions and to enhance economic growth. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The author takes research on market mechanisms and local state corporatism a step further by focusing on the critical role of local institutions in shaping different patterns of property rights relations (p. Fascism, as Mussolini defined it, is state corporatism, which is indeed the mantra of the Bushes. American economists are soundly told off for letting theoretical purity get in the way of taking Asian state corporatism seriously. |
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