Intro -- Contents -- Series Foreword -- Preface -- 1 Introduction -- 2 The Empirics of Aggregate Restructuring -- 3 The ''Fundamental Transformation'' -- 4 Efficient Restructuring -- 5 Inefficient Restructuring -- 6 Financial Market Specificity and Restructuring -- 7 Application: Structural Adjustment -- 8 Institutions, Interest Groups, and the Response of Markets and Technology -- 9 Application: Three Decades of Unemployment in Western Europe -- 10 Final Remarks -- Index
Summary
A proposal that the notion of specificity-the idea that factors of production are not interchangeable-can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and micro