Case studies in financialization

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Chapter 7 in Evolution of the Corporation in the United States, 2021, pp 114-161 from Edward Elgar Publishing

Abstract: Following John R. Commons’s method of examining theory in practical situations, Chapter 7 examines the role of corporations, mergers, corporate power, market power, intangible property and financialization in three industries having significant places in the economy of the United States: the pharmaceutical industry, the hospital industry and the health insurance industry. The United States is no longer an industrial economy and these industries help to understand how the role of corporations beginning at the end of the nineteenth century in an industrial economy still has applicability to (i) an industry relying on patents to protect market power, (ii) an industry operating in a nonprofit system and (iii) an industry having a purely financial purpose as an intermediary.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2021
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