Integrating social conflict into economic theory
The generalisation of Coasian theorem to the power relationship amounts to depicting conflict as a bargaining process between conflictual parties that are, simultaneously, both partners and adversaries. This perspective leads to different models of 'rational conflicts' i.e. a threat of conflict without any real clash. An alternative approach is developed by different models inspired by the Public Choice School, which build upon the logic of coercive power within the framework of a self-interested behaviour. The integration of 'social conflicts' in a narrowly defined individual cost/benefit theoretical framework has resulted in reducing 'social conflict' to real private (but not social) conflict. In other words, economic theory has considered social protesters either as potential or actual looters but rarely as a group of people struggling for a common cause. Integration of social conflict into economic theory will require: (i) abandoning the ubiquitous market model when describing conflictual relationships; (ii) accepting the logic of force or coercive power as a starting point; and (iii) expanding the idea of interest to include encompassing (including class) interest. Copyright The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 34 (2010)
Issue (Month): 4 ()
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.cje.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:34:y:2010:i:4:p:687-708. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.