This paper explores the economic consequences of (taxing) power fragmentation using both theory and data. We first formalize tax policy as the result of interministerial competition where the Minister of Finance ('Guardian') and the Minister of Mines ('Spender') have distinct objective...

In this article, we analyse the controversies leading up to and following Meta's introduction of the infamous "pay or okay model" for Facebook and Instagram users in the European Union/European Economic Area (EU/EEA) region. In particular, we focus on the central role of the Norwegian data...

Themenessay, Besprechung von: Michael Heinlein / Norbert Huchler (Hrsg.), Künstliche Intelligenz, Mensch und Gesellschaft: Soziale Dynamiken und gesellschaftliche Folgen einer Innovation. Wiesbaden: Springer VS 2024, 530 S., 59,99 € ; Hartmut Hirsch-Kreinsen, Das Versprechen der Künstlichen...

Themenessay, Besprechung von: Michael Heinlein / Norbert Huchler (Hrsg.), Künstliche Intelligenz, Mensch und Gesellschaft: Soziale Dynamiken und gesellschaftliche Folgen einer Innovation. Wiesbaden: Springer VS 2024, 530 S., 59,99 € ; Hartmut Hirsch-Kreinsen, Das Versprechen der Künstlichen...

We investigate power indices for simple games with precoalitions which distribute power among players in an external and an internal step. We extend an existing approach which uses the Public Good index both on the external level in the quotient game as well as on the internal level for...

Purpose This study examines whether CEO power influences the book-based and market-based performance of Russian companies when it is restricted by the presence of essential shareholders, namely, state and influential businessmen. Design/methodology/approach Managerial power is divided into...

While democratization and enfranchisement are known to benefit minority groups in the long run, sudden increases in political representation can disrupt existing power balances, provoke resistance, and lead to worse policy outcomes in the short run. We document and explain this pattern. In our...

Power dynamics play a pivotal role in shaping governance, decision-making, and interpersonal relationships within family businesses, which operate as hybrid organizations at the intersection of family and business systems. This paper examines the unique manifestations of power in the business...

Research on platform power indicates a preference alignment between consumers and platforms against regulation. However, recent scandals have changed public opinion toward platforms and undermined their structural coalition with consumers. I argue that amid the techlash, platforms need to...

Purpose - I aimed to develop a conceptual model of power dynamics focused on an anticipated power consequences in business relationships in a context of high environmental turbulence. I also intended to discuss the theoretical significance of my findings and indicate future research directions....

Not all major Italian cities of the late Middle Ages could rely on an established and organised system of public debt like Florence, Venice, Genoa, and others. The study of one such city, Bologna, reveals that whenever the city found itself in serious financial straits, outside of ad hoc...

We explore how power and justice dynamics influence whistleblowing behaviour in family firms, focusing on the under-explored construct of connection power. Power and justice are two important, interrelated forces strongly affecting moral behaviour. We hypothesise a moderated moderation model and...

We collect observations on how power constitutes itself in decentralized digital platform constellations that position themselves as alternatives to platforms operated by big tech (which we coin "hyperledgers"). We then compare these forms of power to the incumbent structures, the so called...

On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. What follows is a transcript of the conversation.

People seek positions of influence for material objectives, but it has been argued that people also seek power for its own sake. We propose a novel elicitation strategy that allows us to measure intrinsic preferences for power, where power is defined as influence over the outcomes of others,...

Außenpolitische Souveränität ist ein Mittel zum Zweck, sein Umfeld so mitzugestalten, dass es den eigenen Werten und dem eigenen Interesse an Frieden, Sicherheit, Wohlfahrt und Partizipation auf internationaler Ebene zuträglich ist. Maßstab dafür, wie souverän ein Akteur agieren kann, ist...

This chapter asks: What is AI and how is it related to power relations? And what can those of us who study power contribute to the debate about public sector AI? The chapter starts by developing a systematization of different conceptions of power that encompasses various ontological and...

What explains the US dollar's role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin's dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for...

Narratives of the future are a crucial source of the dynamics of capitalism (Beckert 2016). Since there are no future facts, assessments of the future necessarily need to rely on accounts that cannot be limited to the presentation of facts. This means they cannot be true or false, but they can...