Uncertainty, Instability, and the Control of Markets

Tae-Hee Jo ()

MPRA Paper from University Library of Munich, Germany

Abstract: Grounded in the methodological commitments shared by various traditions in heterodox economics, this paper explores going enterprises’ cooperative actions to control markets through social networks. It is argued that 1) market institutions are created and controlled by business enterprises and the state, that 2) competition and cooperation among business enterprises are two sides of the same coin, that 3) competition is regulated, and hence that 4) market instability is managed, if not eliminated, by those who control the market. Such arguments lead to the managed competition thesis that encompasses corporate governance, market governance, and market regulation in an integrative manner.

Keywords: Market control; managed competition; uncertainty; instability (search for similar items in EconPapers)
JEL-codes: B5 D40 (search for similar items in EconPapers)
Date: 2013-07-01
New Economics Papers: this item is included in nep-cdm, nep-com, nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:47936

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