Micro Initiatives and Macroeconomic Adjustments in the Industrialised Countries

  • M. Didier
Part of the International Economic Association Series book series (IEA)


Since the turn of the twentieth century, the functioning of the capitalist economies has been radically changing. The structures of the production sector were upset as the agricultural population dwindled, as the large companies and the wages system developed, and mass production and industrial and urban concentration burgeoned. The competitive capitalism of the early years of the century gave way to monopolistic capitalism, the apex of which may be associated with the thirty years of rapid growth after the Second World War. In some ways, the crisis of the 1970s, manifested notably in the sudden and persistent rise in unemployment, can be interpreted as a jamming of the monopolistic system.


Large Company Structural Adjustment Small Company Small Enterprise Large Enterprise 
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Copyright information

© International Economic Association 1987

Authors and Affiliations

  • M. Didier
    • 1
  1. 1.Ecole PolytechniqueFrance

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