1st Edition

The Politics and Economics of Power

Edited By Samuel Bowles, Maurizio Franzini, Ugo Pagano Copyright 1999
    320 Pages
    by Routledge

    320 Pages
    by Routledge

    This edited collection looks at the emerging relationship between politics and economics. The analysis of power relations - traditionally the focus of political science - is becoming increasingly important to economists in order to understand concepts such as the 'contested nature' of market exchanges. These papers examine power relations in the firm and the market place and offer an economic perspective of political relations. The book is divided into three sections:
    * politics and power in economic organizations
    * the economic analysis of political organizations
    * politics, economics and social change
    The final section considers how a combination of economic and political tools can be used effectively to analyse social change.

    Introduction 1. Politics and Power in Economic Organizations The Abuse of Power in Competitive Exchange S. Bowles Political Corruption and the Market Economy M. Franzini The Internal Politics of the Firm P. Milgrom and J. Roberts Is Power an Economic Good? U. Pagano How Politics Limits Markets: Power, Legitimacy and Choice J. Dunn 2. The Economic Analysis of Political Organizations Notes on the Economic Analysis of Politics A. Breton Political Parties and Representative Democracy G. Galeotti Constitutional Constrained and Safeguarded Competition in Markets and Politics, with reference to a European Constitution V. Vanberg Political Parties, Pressure Groups and Democracy: A Transaction Cost Theory of Political Institutions D. Wittman 3. The 'Contamination' between Economic and Political Factors in Institutional Changes The Coming of Nationalism and its Interpretation: The Myths of Nation and Class E. Gellner Norms of Exclusion R. Hardin From Expressionism to Kitsch: Ethnic and Intergenerational Conflict and the Rise of Dictatorship R. Wintrobe Multiple Equilibria, Critical Masses and Intstitutional Change: THe Coup d'Etat Problem U. Witt


    Samuel Bowles, Maurizio Franzini, Ugo Pagano