Professor John Hall
Journal of Economic Literature Classification Codes
B25, B31, B52, P12
Corporate hegemony, Institutional Economics, Subreption, William Dugger
This inquiry seeks to establish that in his writings, William Dugger offers insights into the phenomenon of subreption in his effort to clarify the emergence of corporate hegemony. Focusing upon the changing organizational structure taking place within U.S. corporations, especially in the second half of the 20th century, Dugger emphasizes how the corporation’s rise to dominance diminishes the influences from other institutions—thereby undermining pluralism. Corporate hegemony emerges through invaluation processes that Dugger identifies, resulting in the positioning of the corporation as the dominant institution in economy and society. Through processes associated with subreption there takes place the internalization of corporate values, enabling corporate culture to exert forms of social control that serve to ever further strengthen corporate hegemony.
© Daniela M. Ávila Arévalo
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Ávila Arévalo, Daniela M. "On Dugger and Corporate Hegemony, Working Paper No. 51", Portland State University Economics Working Papers. 51. (18 March 2021) i + 16 pages.