Relational Economics: A Political Economy

This book introduces relational economics as a political economy for governing local and global economic transactions in modern societies. It analyzes global value creation and production networks through cooperation in intra- and inter-firm networks, intersectoral stakeholder management, and transcultural leadership. It develops a taxonomy for private and public value creation based on the effective interlinking of resources and abilities. Relational transactions are the rule in modern economies, and this book appeals to scholars of economics, economic sociology, organizational studies, and related fields.

Format: Paperback / softback
Length: 168 pages
Publication date: 29 May 2021
Publisher: Springer Nature Switzerland AG

This comprehensive book delves into the realm of relational economics, presenting it as a political economy for governing local and global economic transactions in modern societies. It conducts a thorough analysis of the mechanisms underlying global value creation and production networks by examining cooperation within intra- and inter-firm networks, intersectoral stakeholder management, and transcultural leadership.

The author endeavors to establish a taxonomy for private and public value creation, grounded in the effective and efficient interconnection and interaction of various resources and abilities. This approach diverges from mainstream economics, which primarily concentrates on the laws of discrete and dyadic exchange transactions. By highlighting the polyvalent nature of relational transactions, the book offers a fresh perspective on economic theory.

The core categories involved in this economic theory of relations between events encompass relational transactions and their diverse forms of governance, the collaborative efforts between economic, political, and civil society agents in a polycontextual setting, and the income and relational rents generated by these transactions. It is noteworthy that relational transactions have become the norm rather than the exception in modern economies, particularly within their global value creation networks.

Given the broad scope and interdisciplinary nature of this book, it will be of interest to scholars in economics, economic sociology, organizational studies, and related fields. Its insights and methodologies will contribute to advancing our understanding of the complex dynamics of contemporary economies and their global interconnectedness.

Weight: 263g
Dimension: 234 x 156 x 10 (mm)
ISBN-13: 9783030451141
Edition number: 2020 ed.