Culture Wars : An Encyclopedia of Issues, Viewpoints and Voices
This work argues that there are fundamental and systemic power structures - monopoly access to information or finance, employer power, etc - at work in market economies, which affect their ability to compete in the same way that stae controlled economies hinder business.
- Hardback | 800 pages
- 241.3 x 373.38 x 68.58mm | 2,540.1g
- 15 Dec 2009
- Taylor & Francis Ltd
- London, United Kingdom
- topic finder, photos, bibliography, index
Table of contents
By ignoring questions about power relations in markets, mainstream, neo-classically oriented economists conclude that there are no significant power structures operating in market systems. This book argues, to the contrary, that there are fundamental and systemic power structures -- monopoly, access to information or finance, employer power, etc. -- at work in market economies, which function to allocate the most important productive resources and capital investments, just as in state-controlled command economies. As an example, they show how the biggest firms at the hubs of financial "networks" wield a kind of "planning power" upon large numbers of relatively autonomous firms, not only upon those that belong to the networks but also on the many firms outside them that are also affected.