A striking development in Britain (and elsewhere) over the past 20 years or so has been the introduction of market or quasi-market principles and forms of organization into a wide range of institutions and social practices which had previously operated on quite different bases. I have in mind here not so much the privatization of publicly owned industries, but the radical reconstruction of a wide range of institutions which, although remaining within the public sector, have increasingly been required to operate in commercially-modelled ways. Amongst these have been local government, education and healthcare institutions, and also those which might broadly be termed cultural in character, including broadcasting, the various arts, academic research and so on. It is with these ‘cultural’ institutions that I shall primarily be concerned, though some of what I have to say may have wider application.1


Consumer Good Distributive Justice Cultural Institution Social Good Cultural Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 10.
    Under each of these headings in turn, I found especially helpful Geoffrey Hodgson’s Economics and Institutions (1988),Google Scholar
  2. Charles Perrow’s Complex Organizations (1986),Google Scholar
  3. Robert Holton’s Economy and Society (1992)Google Scholar
  4. and Michel Albert’s Capitalism Against Capitalism (1993).Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2000

Authors and Affiliations

  • Russell Keat
    • 1
  1. 1.University of EdinburghUK

Personalised recommendations