Power and Coercion

Kaushik Basu

in Prelude to Political Economy

Published in print September 2000 | ISBN: 9780198296713
Published online November 2003 | e-ISBN: 9780191595943 | DOI:
 Power and Coercion

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The concepts of power and coercion are essential to understanding the functioning of an economy. This chapter explores the nature and consequences of one kind of power — that which works through “triadic” relationships and allows rulers and the institutions of state to exercise control over the lives of ordinary people. This concept of power fits well with the agenda of endogenizing government.

Keywords: power; coercion; influence; triadic relationships; economics

Chapter.  16486 words.  Illustrated.

Subjects: Microeconomics

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