Logo
Logo

Goldsmiths - University of London

A Bridge over Troubled Water: A Structural Political Economy of Vertical Integration

Cardinale, Ivano. 2018. A Bridge over Troubled Water: A Structural Political Economy of Vertical Integration. Structural Change and Economic Dynamics, ISSN 0954-349X [Article] (Forthcoming)

No full text available
[img] Text
Cardinale - Bridge over troubled water - Revised.pdf - Accepted Version
Permissions: Administrator Access Only until 28 May 2020.
Available under License Creative Commons Attribution Non-commercial.

Download (291kB)

Abstract or Description

This article proposes a new interpretation of the logical process of vertical integration, exploring its socio-political dimension. The first step is to show that models of industrial interdependencies (in the Leontief and Sraffa formulations) and vertically integrated models (in the Pasinetti formulation) imply profoundly different views on production, distribution, and socio-political conflict. The next step is to focus on the process of vertical integration in itself: on its being a ‘bridge’ between such different views. Because analytically equivalent representations of production have such different socio-political implications, economic structures cannot be seen as univocally determining economic interests or conflicts in society. This results opens up a new field for structural analysis: studying how the formation of interests in society is influenced, but not determined, by economic structures. The argument suggests a route to address the socio-political dimension of economic structures, which is largely left on the background by structural economic analysis.

Item Type: Article

Departments, Centres and Research Units:

Institute of Management Studies

Dates:

DateEvent
28 May 2018Accepted

Item ID:

23379

Date Deposited:

30 May 2018 13:56

Last Modified:

11 Jul 2018 04:37

Peer Reviewed:

Yes, this version has been peer-reviewed.

URI: http://research.gold.ac.uk/id/eprint/23379

View statistics for this item...

Edit Record Edit Record (login required)