The Invisible Hand of Power: An Economic Theory of Gate Keeping (Modern Heterodox Economics)
Language: English
Pages: 224
ISBN: 1848935242
Format: PDF / Kindle (mobi) / ePub
This is an innovative study of the techniques of domination, based on financial markets, judicial systems, academia and international relations, across North America and post-Soviet Russia. Ultimately, Oleinik seeks to provide an alternative to mainstream economic analyses of power.
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Research Methodology, 10 (2007), pp. 173–84. � 19. Shatz, Peer Review, pp. 86–9. � 20. Shatz, Peer Review, p. 16. Similar negative consequences are attributed to government regulation of product quality in the markets. ‘If the government regulates product quality in a way that reduces choice, there is a loss of freedom, which is a public good itself, since it cannot be denied to any consumer and is enjoyed by all consumers simultaneously’ (Hamilton, Sunding and Zilberman, ‘Public Goods and
Buchanan, R. D. Tollison and G. Tullock (eds), Toward a Theory of the Rent-Seeking Society (College Station, TX: Texas A & M University Press, 1980), pp. 3–15. Public choice theory does not consider interactions between the four types of actors. Instead, its advocates focus on bilateral transactions, for instance, between voters and legislators, legislators and bureaucrats and so on. Let us consider some of these pairs in more detail.9I avoid using the term ‘dyad’ here because of its connection
policies in Japan in the late 1990s induced the process of concentration in the banking industry because regional banks did not get access to the bailout funds, which only amplified structural biases favouring the ‘selected few’ (J. M. Herbener, ‘The Rise and Fall of the Japanese Miracle’, Mises Daily (20 September 1990), at http://mises.org [accessed 10 October 2012]). � 9. The corresponding data were retrieved from recovery.gov and from www.bea.gov, the Bureau of Economic Analysis website.
formal requirement for providing legal advice. The division between lawyers and paralegals (individuals who have relevant expertise without meeting formal requirements) is a case in point. One type of competition Mr. Gervais worries about is a new class of advisers who have made inroads into what was traditionally a lawyer’s bread and butter – areas such as estate planning and tax planning. ‘There has been a definite erosion of practices to paralegals and tax advisers. We must use technology to
homogenous, e.g. the individual had a choice between being unemployed and having some job, then the interests of the parties involved would not form a constellation. Namely, the unemployed would be a clear loser in this situation. The dual labour market takes particularly manifest forms in Japan. The J-firm, a country-specific form of the economic organization in Japan, signs long-term incomplete contracts with its employees.12M. Aoki, Economie japonaise: information, motivations et marchandage