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Market vs. contract? The implications of contractual theories of corporate governance to the analysis of neoliberalism


How is it that neoliberalism – as an analytical category, political-economic project, or epistemic community – sits very comfortably with the expansion and dominance of large, monopolistic corporations? One would expect, considering the emphasis of neoliberals and their critics that neoliberalism entails the expansion and dominance of the market and market principles, that corporate monopoly would be anathema to neoliberalism.

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