Economics and Power: An Inquiry into Human Relations and Markets ebook

by Randall Bartlett

Randall Bartlett Business and Finance English

Those of us inclined to approach economics from a broader perspective will be most grateful for an analytical concept of power, and for the many insights and illustrations offered by Bartlett.

Those of us inclined to approach economics from a broader perspective will be most grateful for an analytical concept of power, and for the many insights and illustrations offered by Bartlett. Those inclined to dismiss the analysis of power as appropriate for sociologists and poltical scientists may indeed take note, though it is not certain that they will. The book is certainly well written and makes an important contribution to our long-standing neglect of power. Journal of Economic Literature

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An inquiry into human relations and markets. The right of the University of Cambridge. to print and sell all manner of books. was granted by Henry VIU in 1534. The University has printed and published continuously. CAMBRIDGE UNIVERSITY PRESS Cambridge New York Port Chester Melbourne Sydney. CAMBRIDGE UNIVERSITY PRESS Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, Sao Paulo

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An Inquiry into Human Relations and Markets The book is certainly well written and makes an important contribution to our long-standing neglect of power. Bartlett has made a most valuable contribution-so obvious, yet so long in coming. It is hard to know whether a book such as this will change many minds. Those of us inclined to approach economics from a broader perspective will be most grateful for an analytical concept of power, and for the many insights and illustrations offered by Bartlett. Source: Journal of Economic Literature.

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This book widens the focus of economic analysis to examine how people affect each other within and around markets. Cambridge University Press. We're committed to providing low prices every day, on everything.

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