Markets are not given, transcendent and commanding. Markets are socially constructed, a function of interaction among both institutions normally seen as within the market and institutions of social control. The conventional theories of the firm, by Gardiner C. Means, Ronald Coase and others, do...

The theoretical and empirical literature of grants economics is restated and integrated through a paradigm of power. General principles of grants economics are articulated in terms of power and opportunity sets and applied to hitherto classificatory matters. These include: gifts and tribute,...