A power resource theory for contemporary capitalism: Why power and workers still matter
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Abstract
This article argues that a renewed version of power resource theory can make an important contribution to analysing developments in contemporary capitalist economies. Workers and power remain important for contemporary developments. The concept of power resources helps us study both workers and their power by focusing on the interplay between power, resources, interests, preferences, and strategies of different actors. The article further takes issue with predominant theories in political economy, such as those focusing on skills and technological change or those emphasising growth model, arguing that both place too little emphasis on power.
Keywords
- Trade Unions: Objectives
- Structure
- and Effects
- J52 - Dispute Resolution: Strikes
- Arbitration
- and Mediation/Collective Bargaining
- J53 - Labor- Management Relations
- O4 - Economic Growth and Aggregate Productivity
