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Palgrave Macmillan

Who Runs the Economy?

The Role of Power in Economics

  • Book
  • © 2016

Overview

Editors:
  1. Robert Skidelsky

    1. University of Warwick, Warwickshire, United Kingdom

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    You can also search for this editor in PubMed   Google Scholar

  2. Nan Craig

    1. Centre for Global Studies, London, United Kingdom

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction

    • Robert Skidelsky, Nan Craig
    Pages 1-14

  3. Economics and Power: Basic Models of the Relationship

    1. Front Matter

      Pages 15-15
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    2. Power and Economics

      • Steven Lukes, Jonathan Hearn
      Pages 17-29

    3. Economics as Superstructure

      • Norbert Häring, Lucas Zeise
      Pages 31-41

    4. Economics as Science

      • Nancy Cartwright, John Bryan Davis
      Pages 43-55

  4. Case Studies

    1. Front Matter

      Pages 57-57
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    2. The Keynesian Revolution and the Theory of Countervailing Powers

      • Robert Skidelsky, Roger Backhouse
      Pages 59-71

    3. The Neoclassical Counter-Revolution and the Ascendancy of Business

      • Daniel Stedman Jones, Ben Jackson
      Pages 73-84

  5. Applications to the Present

    1. Front Matter

      Pages 85-85
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    2. Economics and the Banks

      • Adair Turner
      Pages 87-99

    3. Financialization vs. Efficient Markets: Reframing the Economics and Politics of Finance

      • Thomas Palley
      Pages 101-119

    4. Power and Inequality

      • James K. Galbraith, Anthony Heath
      Pages 121-137

  6. Back Matter

    Pages 139-146
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Keywords

About this book

Since the financial crisis of 2008 and the following Great Recession, there has been surprisingly little change in the systems of ideas, institutions and policies which preceded the crash and helped bring it about. 'Mainstream' economics carries on much as it did before. Despite much discussion of what went wrong, very little has substantially changed. Perhaps the answer has something to do with power; a subject on which economics is unusually quiet. Whilst economics may be able to discuss bargaining power and market power, it fails to explore the reciprocal connections between economic ideas and politics: the political power of economic ideas on the one side, and the influence of power structures on economic thought on the other. This book explores how the supposedly neutral discipline of economics does not simply describe human behaviour, but in fact shapes it.

Editors and Affiliations

  • University of Warwick, Warwickshire, United Kingdom

    Robert Skidelsky

  • Centre for Global Studies, London, United Kingdom

    Nan Craig

About the editors

Robert Skidelsky is Emeritus Professor of Political Economy at Warwick University, UK. His three-volume biography of John Maynard Keynes won five prizes and his book on the financial crisis, Keynes: The Return of the Master, was published in September 2010. He was made a member of the House of Lords in 1991, where he sits on the cross-benches, and was elected as a fellow of the British Academy in 1994. How Much is Enough? The Love of Money and the Case for the Good Life, co-written with his son Edward, was published in July 2012. His most recent publications were as author of Britain Since 1900: A Success Story? (2014) and as editor of The Essential Keynes (2015).

Nan Craig is Programme Director at the Centre for Global Studies, London, UK. She studied politics and international studies at the University of Warwick, UK, and global politics at the London School of Economics, UK.

Bibliographic Information

  • Book Title: Who Runs the Economy?

  • Book Subtitle: The Role of Power in Economics

  • Editors: Robert Skidelsky, Nan Craig

  • DOI: https://doi.org/10.1057/978-1-137-58017-7

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016

  • Softcover ISBN: 978-1-137-58019-1Published: 09 September 2016

  • eBook ISBN: 978-1-137-58017-7Published: 30 August 2016

  • Edition Number: 1

  • Number of Pages: XV, 146

  • Number of Illustrations: 1 b/w illustrations, 6 illustrations in colour

  • Topics: Economics, general, Economic Policy

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