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The structural power of business: taking structure, agency and ideas seriously

Published online by Cambridge University Press:  20 January 2017

David Marsh ,
Sadiya Akram  and
Holly Birkett
Sadiya Akram
Affiliation:
Institute for Governance and Policy Analysis, University of Canberra, Australia
Holly Birkett
Affiliation:
Birmingham Business School, UK
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Abstract

The power of business is a very important issue for understanding the operation of democracy, but establishing the nature and extent of its power is not easy. We acknowledge that this is, in large part, an empirical problem and requires a more sophisticated conceptual framework to address it. Attempting to address this, the recent literature on the power of business has increasingly focused on the role of structure, agents and ideas. However, too little attention has been paid to how these concepts are defined and conceptualized. We argue that it is crucial to: specify the structures (economic/political/social) which we see as affecting the role of business; identify the agents, collective and individual, involved and how they interact; and specify which ideas are playing a role, at what level of generality and how these different ideas at different levels of generality interact. This article explores these issues through a critical consideration of the extant literature in order to provide a more developed framework for future empirical analysis.

Type
Research articles
Information
Business and Politics , Volume 17 , Issue 3: Special Issue: Structural Power and the Study of Business: Guest Editor: Pepper D. Culpepper , October 2015 , pp. 577 - 601
Copyright
Copyright © V.K. Aggarwal 2015 and published under exclusive license to Cambridge University Press 

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