Gagnon is available to discuss pharmacare and dental care. His empirical research focuses on the political economy of the pharmaceutical sector: business models, innovation policies, corporate influence over medical practices, health and drug insurance regimes.
Gagnon is available to discuss pharmacare and dental care. His empirical research focuses on the political economy of the pharmaceutical sector: business models, innovation policies, corporate influence over medical practices, health and drug insurance regimes.
From a more theoretical standpoint, his research analyzes capital accumulation and corporate competition in terms of how firms capitalize not only their productive capacity but also their capacities and their business network powers to influence laws, public policies, culture and socio-institutional settings in order to accrue monopolistic differential gains.
He is a political economist, which means that he takes the power dimension in the economy seriously. Markets do not emerge naturally out of thin air as institutions maximizing social welfare due to the absence of state intervention. Markets are social and political creatures; they are the products of a complex political and regulatory process involving a diversity of agents working at influencing that process according to their interests, and determining the forms and details of each market.
In many markets, the financial incentives are not aligned with the desired social outcomes, creating incentives for dominant actors to obtain net gains at high costs and risks for the rest of the community. The pharmaceutical sector, where profitability depends more on marketing strategies than on therapeutic innovation, is in many ways a poster child of such a market. It is the role of public policy to understand the flaws in each market and find ways to re-align financial incentives and desirable social outcomes.