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[Historical accounts of social institutions such as this one are inherently selective. Moreover, they reflect the experiences, background, and points of view of the analyst. This history of the institution of business is no exception. I have included the historical events and trends that I feel have contributed most to making each country’s business system what it is today. If others’ explanations or preferences have been omitted, there remains room in the fertile, but often ignored, field of business history for yet another treatment of the material. The comparative historical research approach reflects these core themes: “Comparative historical researchers explicitly analyze historical sequences and take seriously the unfolding of processes over time…. because events are themselves located in time, comparative historical analysts explicitly consider the effects of the timing of events relative to one another” (Mahoney and Rueschemeyer 2003, 12).]
Published: Dec 25, 2015
Keywords: Core Theme; Business System; Comparative History; Organize Capitalism; Modern Business
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