Book Review: Capitalism from Below

capitalism_from_belowVictor Nee and Sonja Opper: Capitalism from Below: Markets and Institutional Change in China. Cambridge, MA: Harvard University Press, 2012. 431 pp. $45.00, hardcover.

Read the review by Marshall W. Meyer of The Wharton School, University of Pennsylvania, published in Administrative Science Quarterly:

Capitalism from Below is a stunning book. Much of what we have learned about business in China, especially from business-school cases, is based on the experience of state-owned and state-controlled enterprises, among which are the oldest and largest businesses in China. The private sector has been less accessible partly because non-state firms are smaller and more evanescent than state enterprises, and partly because entrepreneurs have had to operate at the margins of society, often out of sight and rarely  55697_ASQ_v58n2_72ppiRGB_150pixWwilling to disclose the full extent of their assets or anything else significant about their businesses. To be sure, the Chinese constitution has protected domestic private property since 2007. Still, the super-wealthy whose names appear in the annual Hurun ‘‘rich list’’ remain far more likely to be investigated or arrested than entrepreneurs whose wealth Hurun has been unable to discover.

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This entry was posted in Book Review and tagged , , by Cynthia Nalevanko, Senior Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Senior Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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