Parasitical political calculation

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Chapter 6 in Politics as a Peculiar Business, 2016, pp 136-162 from Edward Elgar Publishing

Abstract: This chapter explains that the generally orderly quality of politically sponsored activities within a society necessarily bears a parasitical relationship to market activity. Within societies of even modest complexity, reasonable orderliness requires some degree of private property and the resulting generation of market prices which renders economic calculation possible. Politically sponsored enterprises likewise require market prices even if their operating logic requires them to modify and degrade some of those prices. The quality of the resulting parasitical interaction among differently constituted entities is the prime topic explored here.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
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