Who Runs the Economy?

The Role of Power in Economics

  • Robert Skidelsky
  • Nan Craig

Table of contents

  1. Front Matter
    Pages i-xv
  2. Robert Skidelsky, Nan Craig
    Pages 1-14
  3. Economics and Power: Basic Models of the Relationship

    1. Front Matter
      Pages 15-15
    2. Steven Lukes, Jonathan Hearn
      Pages 17-29
    3. Norbert Häring, Lucas Zeise
      Pages 31-41
    4. Nancy Cartwright, John Bryan Davis
      Pages 43-55
  4. Case Studies

    1. Front Matter
      Pages 57-57
    2. Robert Skidelsky, Roger Backhouse
      Pages 59-71
    3. Daniel Stedman Jones, Ben Jackson
      Pages 73-84
  5. Applications to the Present

    1. Front Matter
      Pages 85-85
    2. Adair Turner
      Pages 87-99
    3. James K. Galbraith, Anthony Heath
      Pages 121-137
  6. Back Matter
    Pages 139-146

About this book


Since the financial crisis of 2008 and the following Great Recession, there has been surprisingly little change in the systems of ideas, institutions and policies which preceded the crash and helped bring it about. 'Mainstream' economics carries on much as it did before. Despite much discussion of what went wrong, very little has substantially changed. Perhaps the answer has something to do with power; a subject on which economics is unusually quiet. Whilst economics may be able to discuss bargaining power and market power, it fails to explore the reciprocal connections between economic ideas and politics: the political power of economic ideas on the one side, and the influence of power structures on economic thought on the other. This book explores how the supposedly neutral discipline of economics does not simply describe human behaviour, but in fact shapes it.


Power Economics Financial crisis Recession Power structures

Editors and affiliations

  • Robert Skidelsky
    • 1
  • Nan Craig
    • 2
  1. 1.University of WarwickWarwickshireUnited Kingdom
  2. 2.Centre for Global StudiesLondonUnited Kingdom

Bibliographic information

Industry Sectors
Finance, Business & Banking