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Countervailing Powers = The Political Economy of Market, before and after Adam Smith /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Countervailing Powers/ by Riccardo Rosolino.
Reminder of title:	The Political Economy of Market, before and after Adam Smith /
Author:	Rosolino, Riccardo.
Description:	VIII, 157 p. 1 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Political theory. -
Online resource:	https://doi.org/10.1007/978-3-030-37802-8
ISBN:	9783030378028

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

Countervailing PowersThe Political Economy of Market, before and after Adam Smith /[electronic resource] :by Riccardo Rosolino. - 1st ed. 2020. - VIII, 157 p. 1 illus.online resource.

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.

ISBN: 9783030378028

Standard No.: 10.1007/978-3-030-37802-8doiSubjects--Topical Terms:

1253540
Political theory.

LC Class. No.: JC11-607

Dewey Class. No.: 320.01

Countervailing Powers = The Political Economy of Market, before and after Adam Smith /
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