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A power resource theory for contemporary capitalism: Why power and workers still matter

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  • Jens Arnholtz
  • Bjarke Refslund

Abstract

This article argues that a renewed version of power resource theory can make an important contribution to analysing developments in contemporary capitalist economies. Workers and power remain important for contemporary developments. The concept of power resources helps us study both workers and their power by focusing on the interplay between power, resources, interests, preferences, and strategies of different actors. The article further takes issue with predominant theories in political economy, such as those focusing on skills and technological change or those emphasising growth model, arguing that both place too little emphasis on power.

Suggested Citation

  • Jens Arnholtz & Bjarke Refslund, 2024. "A power resource theory for contemporary capitalism: Why power and workers still matter," Stato e mercato, Società editrice il Mulino, issue 1, pages 13-38.
    • Handle: RePEc:mul:jl9ury:doi:10.1425/113951:y:2024:i:1:p:13-38
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    Keywords

    Trade Unions: Objectives; Structure; and Effects; J52 - Dispute Resolution: Strikes; Arbitration; and Mediation/Collective Bargaining; J53 - Labor- Management Relations; O4 - Economic Growth and Aggregate Productivity;
    All these keywords.

    JEL classification:

    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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