... establishment. It then considers two primary constraints on organization power in economic life: external authority over what is produced —in civilian life, the ultimate decision of consumers; and the flow of purchasing power—in economic terms, the effective demand—that is available for the purchase of the good...

.... Many forms of individual and organizational credit similarly involve earmarks that constrain the use and allocation of future purchasing power. Credit is always earmarked in terms of who is a legitimate recipient but also often in terms of how the money can be used. A home mortgage, for example, can...