Ekonomia instytucjonalna i fenomen korporacji
Institutional economics and corporation phenomenon

Author(s): Anna Ząbkowicz
Subject(s): Economy, Business Economy / Management
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: business groups;transaction costs;bargaining power;dominant position;institutional political economy;
Summary/Abstract: What is economic-institutional input in recognising business group activities and significance? The results of literature studies are contained in two major sections. Section1 informs about respective findings derived from Williamson’s and North’s theories constituting the core of new institutional economics. Section 2 presents respective extracts from inputs in economic-political thought by such institutionalists as Commons and Galbraith. The comparison inclines the author to following claims. Although the first strand of thought, thanks to Northian studies, recognizes politics in institutional environment of firm, it basically tends to avoid problems of power and subordination. The other strand claims that these problems do matter in economic analysis because due to concentration of power and wealth business groups enjoy advantage both in the economy and polity. The conclusion says that this dominant position of business groups must not be overlooked because of its practical consequences for economic diagnosis and policies.

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