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Countervailing Powers : The Political Economy of Market, before and after Adam Smith / by Riccardo Rosolino

Publisher	(Cham : Springer International Publishing : Imprint: Palgrave Macmillan)
Year	2020
Edition	1st ed. 2020.
Authors	*Rosolino, Riccardo author SpringerLink (Online service)

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Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00174464		Springer Economics and Finance eBooks (電子ブック)	9783030378028

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Material Type	E-Book
Media type	機械可読データファイル
Size	VIII, 157 p. 1 illus : online resource
Notes	Chapter 1. Introduction -- Chapter 2. Adam Smith, Workers’ Rights and the Political Side of the Market -- Chapter 3. Monopoly versus Monopoly -- Chapter 4. Against the Current -- Chapter 5. Who's Afraid of Giants? This book will trace the trajectory of the surprising idea that the victims of monopolistic conspiracies should be allowed to fight back using the same fraudulent and immoral weapons as the conspirators. In other words, if left to itself, the market will produce the antibodies necessary to survival, notwithstanding its most sinister pathology – the tendency of its principals to conclude private agreements behind the scenes. Originally conceived in a moral context halfway through the 16th century, the idea was then taken over by the world of commercial law in exactly the form it had been employed theologically. Surprisingly, though, after doing the rounds for over a century, it then disappeared without trace. This book will look at how Adam Smith revived and recharged the idea. He applied it in The Wealth of Nations (1776) to the conflict of interest between employers and workers in the attempt to break the stranglehold of the artificial compression of wages to minimum subsistence level. After Smith, the freshly revived idea went underground again for another half-century until, in the 1820s, it assumed a front-row position in the newborn liberal political economics. This book will look at how, in the framework of the debate over the repeal of the Combination Laws, the idea was dusted down and put back in the fight, having first been stripped it off its moral clothes and dressed instead in the new robes of economic pragmatism HTTP:URL=https://doi.org/10.1007/978-3-030-37802-8
Subjects	LCSH:Political science LCSH:Economics LCSH:Economics—History LCSH:History, Modern FREE:Political Theory FREE:Political Economy and Economic Systems FREE:History of Economic Thought and Methodology FREE:Modern History
Classification	LCC:JC11-607 DC23:320.01
ID	8000066202
ISBN	9783030378028