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Economics and Power: An Inquiry Into Human Relations and Markets by Randall Bartlett

Economics and Power: An Inquiry Into Human Relations and Markets

by Randall Bartlett
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Book cover type: Paperback
  • ISBN13: 9780521034623
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 224
  • Original Price: GBP 34.0
  • Language: English
  • Edition: Revised
  • Item Weight: 386 grams
  • BISAC Subject(s): Economic History

When a marketplace is considered in isolation, the implicit conclusion is that markets are a sufficient defense against the exercise of power. But market transactions do not occur in isolation: they are defined by rules, property rights, prior events, and social values. This book widens the focus of traditional economic analysis to examine the ways in which people may affect each other within and around markets to give rise to real power. Using conventional neoclassical assumptions about human behavior, the book begins by developing a workable concept of power, allowing for its presence in a variety of forms and degrees. It examines the conditions under which power would necessarily be absent from market transactions, and those under which it would be possible. It considers the decision processes of potential exercisers and subjects of power to determine when the exercise and success of power would be rational.

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