Affiliation:
1. Victoria University of Manchester
Abstract
A comparison of banking politics in Britain and the United States is offered as a contribution to the debate about business power under market capitalism, particularly in the light of Lindblom's picture of business as a privileged interest. Important differences are noted between British and American banking. Contrasts in industrial structure, forms of interest representation and methods of regulation are stressed particularly. Convergence between the two systems in recent decades is described, and is attributed to the way innovation in markets destroys public controls and creates common problems for regulators. The experience of banking markets thus confirms much of Lindblom's argument. But regulation, and thus public control, is also shown to play a decisive part in shaping business behaviour.
Subject
Sociology and Political Science
Cited by
26 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献
1. Michael Moran, 1946–2018: An Intellectual Memoir;Government and Opposition;2021-01-19
2. The political economy of regulation: Does it have any lessons for accounting research?;Accounting and Business Research;2010-01
3. Between power and hegemony; business communities in peace processes;Review of International Studies;2005-04
4. Select bibliography;The British Government and the City of London in the Twentieth Century;2004-10-21
5. The Bank of England 1970–2000;The British Government and the City of London in the Twentieth Century;2004-10-21