This book provides an interesting and refreshing collection of economic research conducted in the broadly heterodox tradition. A variety of topical issues are addressed, including labor market inequalities, welfare reform, interest rate policies, international trade, and global financial instability. What unites these diverse essays is their common perspective that social institutions and structures "matter" to the performance of economies, and hence should receive more attention from economists. Conventional economic thought focuses unduly on the functioning of so-called "free-markets." The persistent influence of social structures, institutions and practices - and the unequal extent to which differing social constituencies are able to exert power through those structures - often receives short shrift in this traditional research. However, this volume makes a significant contribution by helping to reverse this trend. The chapters, all written by top economists from around North America, address a range of topical issues, utilizing a rich variety of methodological techniques from empirical investigations to game theory and opinion surveys. Furthermore, the book, which is dedicated to the memory of David M. Gordon, has as its unifying theme the incorporation of structural analysis into economic science - an important goal for academics and students alike.

chapter 1|18 pages

Introduction: Power, Employment, and Accumulation

ByJim Stanford

part |2 pages

Part I: Power, Work, and Distribution

chapter 3|14 pages

Voluntary Downshifting in the 1990s

ByJuliet B. Schor

chapter 4|25 pages

The Future of Egalitarian Politics

BySamuel Bowles, Herbert Gintis

part |2 pages

Part II: Power and the Macroeconomy

chapter 6|21 pages

Macroeconomic Performance and Labor Market Discrimination

ByHeather Boushey

part |2 pages

Part III: Power and the Global Economy