Description
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.
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
