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Globalization, the Distribution of Power and Full Employment

  • Cornwall, J.
  • Cornwall, W.
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    Power and conflict play virtually no role in mainstream economics, the main reason being the pervasive influence of the competitive model and the difficulty in incorporating quantitavely in formal models. Following some preliminary remarks on power, we proceed to an historical explanation of the shifts of power and their impact on institutions, i.e., the rules, laws and customs that govern behaviour, and on economic performance. The paper concludes with an evaluation of Kalecki's and Keynes' views and the outlook in the near future for globalization, the distribution of power and full employment.

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    Paper provided by Dalhousie, Department of Economics in its series Department of Economics at Dalhousie University working papers archive with number 99-06.

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    Length: 23 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:dal:wparch:99-06
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