Business is Not an Interest Group (And, By the Way, There's No Such Thing as 'Business'): On The Study of Companies in American National Politics

David Hart
2002 Social Science Research Network  
Individual companies are neglected in American politics scholarship, despite their empirical and normative significance. Interest group theory does not provide an adequate framework for understanding them. Neoclassical microeconomic theory has begun to be developed for political analysis, but its assumptions restrict the scope of its utility. Cyert and March's "behavioral theory of the firm" provides a more promising foundation, one that dovetails with the historical and institutional tradition
more » ... itutional tradition in political science. Research in this tradition has begun to analyze how the personal preferences of senior managers, institutional structures, cultural norms, and learning over time affect firm political positions and strategies.
doi:10.2139/ssrn.329300 fatcat:vz47blqde5cethcj66g37xtgxa