Countervailing, conditioned, and contingent--the power theory of John Kenneth Galbraith

Stefan Kesting

Journal of Post Keynesian Economics, 2005, vol. 28, issue 1, 3-23

Abstract: Power has been a neglected topic in economics at least since the neoclassical paradigm has dominated the profession. John Kenneth Galbraith is probably the most prominent and successful among his fellow American institutional economists in this particular field of inquiry. Steven Lukes's useful framework to distinguish different theoretical approaches to explain power in the social sciences will be used to evaluate and emphasize Galbraith's particular theoretical contributions. The paper scrutinizes the elements--countervailing, corporate, persuasion, conditioned, and contingent--of Galbraith's power theory and shows how they all can be coherently combined to form an elaborate theoretical framework in the conclusion.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/01603477.2005.11051470 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:28:y:2005:i:1:p:3-23

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

DOI: 10.1080/01603477.2005.11051470

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().