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Economics and Power : A Marxist critique (Routledge Frontiers of Political Economy)

By: Giulio Palermo (Author)

Manufacture on Demand

Ksh 11,150.00

Format: Paperback or Softback

ISBN-10: 0367250934

ISBN-13: 9780367250935

Collection / Series: Routledge Frontiers of Political Economy

Collection Type: Publisher collection

Publisher: Taylor & Francis Ltd

Imprint: Routledge

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Jul 29th, 2019

Publication Status: Active

Product extent: 180 Pages

Weight: 226.00 grams

Product Classification / Subject(s): Marxism & Communism
Political economy

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This book criticizes the main theories of power in the economic literature, from ultraliberal contractualism to radical political economics, and ultimately suggesting a Marxist conception of power and coercion in capitalism.

In the economic debate, power is defined and studied mainly as an interpersonal relation occurring out of perfect competition. This is a consequence of the combination of methodological individualism and the assumption of competition as a natural and everlasting coordinating mechanism, operating without any sort of coercion. This methodology, however, is not adequate to analyze the forms of social coercion that characterize capitalism.

Economics and Power

criticizes the main theories of power developed in economic literature, analyzing ultraliberal contractualism to radical political economics, and ultimately suggesting a Marxist conception of power and coercion in capitalism. Palermo’s ontological argument is rooted in the philosophy of ‘critical realism’.This unique volume presents his main finding as being that the essential coercive mechanism of capitalism is competition. Capitalist power is not caused by a lack of competition, but by the central role it plays in this mode of production. Following this, the chapters reconstruct a Marxian conception of power where it is analyzed as a social relation and argues that perfect competition does in fact exist under the disguise of capitalist power. This book criticizes the construct of power and the underlying ideas surrounding perfect competition.

This book is of interest to those who study political economy, as well as economic theory and philosophy.


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