EAN: 9783319940380

POWER IN ECONOMIC THOUGHT GEBUNDEN

This book offers a pluralistic vision of the way economists have dealt with the question of
power in society over the last two centuries. Economists' ideas about power are examined from
political  theoretical and policy-making points of view  with additional discussion of the
active participation of economists in the management of power.The book is organized into four
main conceptions of power relations: i) Power as embedded in political institutions  ii) Power
as emerging from the asymmetric relations caused by the unequal distribution of income and
wealth  iii) Power as associated to the monopolistic or oligopolistic position held by some
firms in the market  and iv) Power as the management of economic policies by the state.Mosca
brings together contributions from a range of scholars to analyse how economists have
considered the role of power  putting the discussion into a much needed historical context.

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