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Economics and Power

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  • Bartlett,Randall

Abstract

When a marketplace is considered in isolation, the implicit conclusion is that markets are a sufficient defence 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 behaviour, 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.

Suggested Citation

  • Bartlett,Randall, 2006. "Economics and Power," Cambridge Books, Cambridge University Press, number 9780521034623.
  • Handle: RePEc:cup:cbooks:9780521034623
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    Cited by:

    1. Rosete Alfredo R. M., 2018. "Understanding Investor Behavior in the Recent Global Land Rush," Journal of Globalization and Development, De Gruyter, vol. 9(1), pages 1-13, June.
    2. Rosete, Alfredo, 2015. "Expropriation and the Location of Farmland Investment: a theoretical investigation into the Land Rush," UMASS Amherst Economics Working Papers 2015-17, University of Massachusetts Amherst, Department of Economics.
    3. Ramón E. López, 2020. "Economics and Politics: A Unifying Framework," Working Papers wp496, University of Chile, Department of Economics.
    4. Ramón E. López, 2018. "Power in Economics: Growth, Inequality and Politics," Working Papers wp476, University of Chile, Department of Economics.

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