The Power of Economics Versus the Economics of Power

Michael Perelman

Challenge, 2012, vol. 55, issue 6, 53-66

Abstract: Aside from discussion in microeconomics of monopolies, economics textbook rarely mention power. Does it simply not exist? If it is discussed at all, it is always said to be a function of asymmetric information. This economist argues that economists have to explore power much more profoundly and free of ill-founded free-market assumptions.

Date: 2012
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DOI: 10.2753/0577-5132550603

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