We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Published online by Cambridge University Press: 05 May 2022
In many countries, the analysis of economic coordination--for the purposes of competition law and otherwise--has been dominated by neoclassical economics. Building on heterodox economics and economic sociology, this chapter outlines an alternative perspective--a “market governance” framework--to make sense of the coordination of economic actors--including workers--with a focus on pricing decisions. The framework treats prices as always subject to the coordinating activities of market participants, and never emerging out of “free competition”, which is an illusion. Several implications of the account are sketched, including a reinterpretation of several domains that are commonly taken to be “free markets” and a critical reexamination of the contemporary approval of the “efficiency” of hierarchical centralized coordination in enormous multinational corporations.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
