Capitalism from Below: Where do Economic Institutions Come From?
1080 South University
Ann Arbor, Michigan 48109-1106
This presentation discusses the model and findings from a seven year study of the private enterprise economy and emergence of economic institutions of capitalism in the Yangzi Delta region of China. This on-going study is based on a survey using a random sample of 700 entrepreneurs and private manufacturing firms conducted in 2006 and 2009-- a third wave is now in progress, 130 face-to-face interviews and field experiments. Core questions addressed in my seminar are: Why is institutional emergence an endogenous process involving like-minded economic actors? Why do norms and networks matter in the rise of capitalism? What is the role of the state? A description of the study is available on the study's website, which offers a list of survey cities, timeframe, research instruments, sampling and descriptive data.
Victor Nee is Frank and Rosa Rhodes Professor in the Department of Sociology, Cornell University. His current interests are focused on developing theories of the middle-range and their extension to empirical research. He is working on an on-going study of on entrepreneurs and private manufacturing firms in the Yangzi delta region of China. In Capitalism from Below: Markets and Institutional Change ( Harvard University Press, 2012), he and Sonja Opper detail the theory and evidence in explaining the emergence of economic institutions of capitalism.