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Capitalists' Institutional Agenda, Class Conflict Spillover, and the Last Instance

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  • Eric A. Nilsson

    (Department of Economics, California State University, San Bernardino, CA 92407)

Abstract

This paper constructs a model of the "institutional agenda" of capitalists in a closed domestic economy. The link between this agenda (i.e., the set of institutions capitalists desire) and the actual institutions regulating the economy is established. Some characteristics of this model are consistent with the claims of radical institutionalists; however, other characteristics are not. This model also permits, for the first time in a formal model, discussion of the link between the base and the superstructure, of the role of "the last instance" in historical development, and of the claim that there exists a "monopoly capital" stage of capitalism.

Suggested Citation

  • Eric A. Nilsson, 1994. "Capitalists' Institutional Agenda, Class Conflict Spillover, and the Last Instance," Review of Radical Political Economics, Union for Radical Political Economics, vol. 26(4), pages 23-54, December.
    • Handle: RePEc:sae:reorpe:v:26:y:1994:i:4:p:23-54
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