The Economy as a System of Power: Corporate Systems / Edition 2

by George Sternlieb

Overview

The articles in this volume address the fact and use of economic power in the American economy. The institutional economists' perspective exhibited here reflects a century-long focus on and concern with economic power begun by Thorstein Veblen. This volume presents a new generation of institutionalist scholars who add to that tradition a fresh and penetrating analysis of contemporary power centers and assessments of their use of power.

Product Details

ISBN-13:	9780887387586
Publisher:	Transaction Publishers
Publication date:	02/28/1989
Edition description:	REV
Pages:	442
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Marc R. Tool is professor emeritus of economics at California State University, Sacramento. He has taught institutional economics and comparative systems, at four universities. He edited the Journal of Economic Institutions from 1981 to 1991. He is the author, editor, or co-editor of over fifteen volumes, including Pricing, Valuation and Systems: Essays in Neoinstitutional Economics; Essays in Social Value Theory: A Neoinstitutionalist Contribution; and The Discretionary Economy: A Normative Theory of Political Economy. Warren J. Samuels (1933–2011) was professor emeritus of economics at Michigan State University and is known for his contributions in the areas of the history of economic thought and the methodology of economics.

Table of Contents

I: The Economy as a System of Power; 1: Economics: Allocation or Valuation?; 2: Power and Illusion in the Marketplace: Institutions and Technology; 3: The Impact of Economics on Technology; 4: Confronting Power in Economics: A Pragmatic Evaluation; 5: Power and Economic Performance; 6: Power: An Institutional Framework of Analysis; II: The Corporate System; 7: The Problems and Prospects of Collective Capitalism; 8: The Rise of the Corporate State in America; 9: Organizational Structure, Technological Advance, and the New Tasks of Government; 10: An Institutional Analysis of Corporate Power; 11: Social Value Theory, Corporate Power, and Political Elites: Appraisals of Lindblom's Politics and Markets; 12: The Transfer of Control in Large Corporations : 1905-1919; 13: Centralized Private Sector Planning : An Institutionalist's Perspective on the Contemporary U.S. Economy; 14: Political and Policy Implications of Centralized Private Sector Planning; 15: Oligopolistic Cooperation: Conceptual and Empirical Evidence of Market Structure Evolution; 16: Idealism and Realism: An Institutionalist View of Corporate Power in the Regulated Utilities; 17: Corporale Power and Economic Sabotage; 18: Corporate Size and the Bailout Factor