Economic Power and the Institutions of Capitalism: Reappraising the Legacy of François Perroux

Virgile Chassagnon

Journal of Economic Issues, 2015, vol. 49, issue 1, 157-177

Abstract: The work of the French economist François Perroux has not given rise to a strong consensus in the academic world of economists. Thus, to appreciate the scope of Perrouxian thought, it is necessary to defuse the intellectual debate by exploring the ideas that are part of the current institutional issues. I seek to demonstrate the theoretical interest of the conceptualizations proposed by Perroux in terms of power analysis to understand the political, human, and social dimensions of the institutions of capitalism. In this view, I endeavor to shed light on the Perrouxian institutional legacy regarding the social cooperation/resistance issue, the institutional structure of production, firm theory, agonism theory, economic pluralism, and modern formalization techniques.

Date: 2015
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Working Paper: Economic power and the institutions of capitalism: reappraising the legacy of François Perroux (2015)
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DOI: 10.1080/00213624.2015.1013885

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