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Relational Economics - A Political Economy (Paperback, 1st ed. 2020)
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Relational Economics - A Political Economy (Paperback, 1st ed. 2020)
Series: Relational Economics and Organization Governance
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This book introduces the research agenda of relational economics as
a political economy for the governance of local and global economic
transactions in modern societies. It analyses the mechanisms of
global value creation and production networks by studying
cooperation in intra- and inter-firm networks, intersectoral
stakeholder management, and transcultural leadership. The author
develops a categorical taxonomy for private and public value
creation based on the effective and efficient interlinking of, and
interaction between, a range of resources and abilities. In
contrast to mainstream economics, which largely focuses on the laws
of discrete and dyadic exchange transactions, this book assesses
the polyvalent characteristics of relational transactions. The
chief categories involved in an economic theory of the relations
between events are the relational transactions and their various
forms of governance; the polycontextual cooperation between
economic, political and civil society agents; and the factor
incomes and relational rents that relational transactions produce.
Today, relational transactions are the rule, not the exception, in
modern economies and their global value creation networks. Given
its scope and focus, this book will appeal to scholars of
economics, economic sociology, organisational studies and related
fields.
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