A01=Eric A. Schutz
Actual Extent
Atomistic Sector
Author_Eric A. Schutz
Cable Tv Company
capitalist
Capitalist Market System
Category=KCA
Category=KCS
Commercial Messages
Conglomerate Subsidiaries
corporate monopoly structures
decision
democratic
Democratic Firms
Democratic Social Decision
Dominant Firms
Dominating Power
economics
employer-employee relations
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equivalent Capitalist Firm
ESOP
financial networks influence
Firm's Net Income
firms
Firm’s Net Income
Freeing Women
Internal Job Markets
Local Development
mainstream
market power dynamics
Minimum Efficient Scale
modern
neoclassical economics critique
Nonfinancial Businesses
Nonfinancial Firms
Nonhuman Capital
Ozone Destruction
Ozone Layer Depletion
Prior Endowments
resource allocation theory
social
system
systemic power in capitalist economies
systems
Ta Ge
Traditional Capitalist Firm
Product details
- ISBN 9780765605016
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 31 May 2001
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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In what ways do the actions and economic behavior of today's multinational corporations resemble the functioning and processes of the old command economics of the Soviet Union? By ignoring questions about power relations in markets, mainstream neoclassically-oriented economists conclude that there are no significant power structures operating in market systems to control allocation and distribution. 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 affects their ability to achieve real "competition" in much the same way as state-controlled, command economies hinder business activities. Thus, for example, the biggest firms at the hubs of financial "networks" wield a kind of "shaping 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.
