Theory of Mercantifers

John Lepper
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John Lepper: Lancaster University

Chapter 13 in An Enquiry into the Ideology and Reality of Market and Market System, 2011, pp 185-197 from Palgrave Macmillan

Abstract: Abstract In this chapter, we plait three features of mercantifers together to outline a theory of them. Mercantifers can change their spheres of influence over time; they incorporate forms of social control to determine that sphere of influence and to set and enforce rules; and they exist because of so-called Market failure. Although this theory is couched in terms of a manufactured product, we assert that it is equally applicable to any thing, action or idea produced in any society.

Keywords: Marginal Cost; Market Power; Market System; Animal Spirit; Maintenance Facility (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34680-2_14

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DOI: 10.1057/9780230346802_14

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