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Case studies in financialization

In: Evolution of the Corporation in the United States

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Abstract

Following John R. Commons’s method of examining theory in practical situations, Chapter 7 examines the role of corporations, mergers, corporate power, market power, intangible property and financialization in three industries having significant places in the economy of the United States: the pharmaceutical industry, the hospital industry and the health insurance industry. The United States is no longer an industrial economy and these industries help to understand how the role of corporations beginning at the end of the nineteenth century in an industrial economy still has applicability to (i) an industry relying on patents to protect market power, (ii) an industry operating in a nonprofit system and (iii) an industry having a purely financial purpose as an intermediary.

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  • ., 2021. "Case studies in financialization," Chapters, in: Evolution of the Corporation in the United States, chapter 7, pages 114-161, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19164_7
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    Cited by:

    1. Flemming, Jana, 2023. "Folgen der Ausweitung mobiler Arbeit für die betriebliche Mitbestimmung: Thesen und Handlungsempfehlungen für die kollektive Interessenvertretung im Zuge einer zugespitzten Flexibilisierung der Arbeit," Discussion Papers, Research Group Globalization, Work, and Production SP III 2023-301, WZB Berlin Social Science Center.

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    Keywords

    Economics and Finance; Law - Academic;

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