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Emergence, Entanglement, and Political Economy

Emergence, Entanglement, and Political Economy
Author: David J. Hebert
Publisher: Springer Nature
Total Pages: 140
Release: 2020-12-04
Genre: Business & Economics
ISBN: 3030560880

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This volume is intended to serve as a review of the “next generation” of political economy scholars in what can be called the “Wagnerian” tradition, which traces its roots to Buchanan and De Viti De Marco in the 1930s, who argued that any decision that results from a political entity must be the product of individual decision makers operating within some framework of formal and informal rules. To treat these decisions as if they were the product of one single mind, or even simply the additive result of several decisions, is to fundamentally misunderstand and mischaracterize the dynamics of collective action. Today, Richard Wagner is among the most prominent theorists in analyzing the institutional foundations of the economy and the organization of political decision-making. In this collection of original essays, former students schooled in this tradition offer emerging insights on public choice theory, public finance, and political economy, across a range of topics from voting behavior to entrepreneurship.


Emergence and Entanglement in a Theory of Political Economy

Emergence and Entanglement in a Theory of Political Economy
Author: Richard E. Wagner
Publisher:
Total Pages: 37
Release: 2019
Genre:
ISBN:

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Political economy is a field of study where theorists typically treat polities and markets as separate orders of activity within society. Moreover, the standard mode of analysis treats those entities as existing in states of equilibrium. To the contrary, this essay treats polities and markets as entangled and, moreover, as entities that have ecological and emergent character. Among other things, this shift in analytical focus means that turbulence and not stability is a key analytical feature to be incorporated into a theory of political economy. It also means that any human population system is open and not closed, which means in turn that the future is imaginable but not genuinely knowable, for it will be generated through complex interaction within an arena that entails both trade and conflict. In other words, the analytical framework set forth here is antithetical to the DSGE (Dynamic Stochastic General Equilibrium) that is highly popular among economists today.


Entangled Political Economy

Entangled Political Economy
Author: Roger Koppl
Publisher: Emerald Group Publishing
Total Pages: 256
Release: 2014-10-03
Genre: Political Science
ISBN: 1784411019

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Volume 18 Entangled Political Economy of the Book Series Advances in Austrian Economics examines the concept 'entangled political economy' from several distinct but complementary points of view. The volume is proof that Wagner's notion of entanglement opens new vistas for political economy in all its dimensions.


Money Power and Financial Capital in Emerging Markets

Money Power and Financial Capital in Emerging Markets
Author: Ilias Alami
Publisher: Routledge
Total Pages: 236
Release: 2019-12-09
Genre: Business & Economics
ISBN: 1000769003

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This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond.


A Theory of Entangled Political Economy, with Application to TARP and NRA.

A Theory of Entangled Political Economy, with Application to TARP and NRA.
Author: Adam Smith
Publisher:
Total Pages: 0
Release: 2010
Genre:
ISBN:

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The recent financial crisis has provoked a raft of contending claims as to whether the cause of the crisis is better attributed to market failure or political failure. Such claims are predicated on a presumption that markets and polities are meaningfully separate entities. To the contrary, we argue that contemporary arrangements create an entangled political economy that renders theorizing based on separation often misleading. Within this alternative framework of entangled political economy, questions of market or polity as the source of crisis recede into the analytical background. What comes into the foreground is recognition that crisis is a systemic feature of a system of deeply entangled political economy. Control over such crises is thus more a matter of constitutional-level endeavors to curb the extent of entanglement. We use this framework of entangled political economy to illuminate both the recent Troubled Assets Relief Program (TARP) and the New Deal's National Recovery Act (NRA).


Peasants in Power

Peasants in Power
Author: Philip Verwimp
Publisher: Springer Science & Business Media
Total Pages: 283
Release: 2013-06-03
Genre: Social Science
ISBN: 9400764340

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This book shows how Rwanda’s development model and the organisation of genocide are two sides of the same coin. In the absence of mineral resources, the elite organised and managed the labour of peasant producers as efficient as possible. In order to stay in power and benefit from it, the presidential clan chose a development model that would not change the political status quo. When the latter was threatened, the elite invoked the preservation of group welfare of the Hutu, called for Hutu unity and solidarity and relied on the great mass (rubanda nyamwinshi) for the execution of the genocide. A strategy as simple as it is horrific. The genocide can be regarded as the ultimate act of self-preservation through annihilation under the veil of self-defense. Why did tens of thousands of ordinary people massacred tens of thousands other ordinary people in Rwanda in 1994? What has agricultural policy and rural ideology to do with it? What was the role of the Akazu, the presidential clan around president Habyarimana? Did the civil war cause the genocide? And what insights can a political economy perspective offer ? Based on more than ten years of research, and engaging with competing and complementary arguments of authors such as Peter Uvin, Alison Des Forges, Scott Strauss, René Lemarchand, Filip Reyntjens, Mahmood Mamdani and André Guichaoua, the author blends economics, politics and agrarian studies to provide a new way of understanding the nexus between development and genocide in Rwanda. Students and practitioners of development as well as everyone interested in the causes of violent conflict and genocide in Africa and around the world will find this book compelling to read. .


Out of the Dark Night

Out of the Dark Night
Author: Achille Mbembe
Publisher: Columbia University Press
Total Pages: 166
Release: 2021-01-19
Genre: Political Science
ISBN: 0231500599

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Achille Mbembe is one of the world’s most profound critics of colonialism and its consequences, a major figure in the emergence of a new wave of French critical theory. His writings examine the complexities of decolonization for African subjectivities and the possibilities emerging in its wake. In Out of the Dark Night, he offers a rich analysis of the paradoxes of the postcolonial moment that points toward new liberatory models of community, humanity, and planetarity. In a nuanced consideration of the African experience, Mbembe makes sweeping interventions into debates about citizenship, identity, democracy, and modernity. He eruditely ranges across European and African thought to provide a powerful assessment of common ways of writing and thinking about the world. Mbembe criticizes the blinders of European intellectuals, analyzing France’s failure to heed postcolonial critiques of ongoing exclusions masked by pretenses of universalism. He develops a new reading of African modernity that further develops the notion of Afropolitanism, a novel way of being in the world that has arisen in decolonized Africa in the midst of both destruction and the birth of new societies. Out of the Dark Night reconstructs critical theory’s historical and philosophical framework for understanding colonial and postcolonial events and expands our sense of the futures made possible by decolonization.


The Law of Political Economy

The Law of Political Economy
Author: Poul F. Kjaer
Publisher: Cambridge University Press
Total Pages: 423
Release: 2020-04-23
Genre: Law
ISBN: 1108493114

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"Political economy themes have - directly and indirectly - been a central concern of law and legal scholarship ever since political economy emerged as a concept in the early seventeenth century, a development which was re-inforced by the emergence of political economy as an independent area of scholarly enquiry in the eighteenth century, as developed by the French physiocrats. This is not surprising in so far as the core institutions of the economy and economic exchanges, such as property and contract, are legal institutions.In spite of this intrinsic link, political economy discourses and legal discourses dealing with political economy themes unfold in a largely separate manner. Indeed, this book is also a reflection of this, in so far as its core concern is how the law and legal scholarship conceive of and approach political economy issues"--


Individuality and Entanglement

Individuality and Entanglement
Author: Herbert Gintis
Publisher: Princeton University Press
Total Pages: 379
Release: 2016-11-08
Genre: Business & Economics
ISBN: 0691172919

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A richly transdisciplinary account of some fundamental characteristics of human societies and behavior In this book, acclaimed economist Herbert Gintis ranges widely across many fields—including economics, psychology, anthropology, sociology, moral philosophy, and biology—to provide a rigorous transdisciplinary explanation of some fundamental characteristics of human societies and social behavior. Because such behavior can be understood only through transdisciplinary research, Gintis argues, Individuality and Entanglement advances the effort to unify the behavioral sciences by developing a shared analytical framework—one that bridges research on gene-culture coevolution, the rational-actor model, game theory, and complexity theory. At the same time, the book persuasively demonstrates the rich possibilities of such transdisciplinary work. Everything distinctive about human social life, Gintis argues, flows from the fact that we construct and then play social games. Indeed, society itself is a game with rules, and politics is the arena in which we affirm and change these rules. Individuality is central to our species because the rules do not change through inexorable macrosocial forces. Rather, individuals band together to change the rules. Our minds are also socially entangled, producing behavior that is socially rational, although it violates the standard rules of individually rational choice. Finally, a moral sense is essential for playing games with socially constructed rules. People generally play by the rules, are ashamed when they break the rules, and are offended when others break the rules, even in societies that lack laws, government, and jails. Throughout the book, Gintis shows that it is only by bringing together the behavioral sciences that such basic aspects of human behavior can be understood.


The Routledge Handbook to the Political Economy and Governance of the Americas

The Routledge Handbook to the Political Economy and Governance of the Americas
Author: Olaf Kaltmeier
Publisher: Routledge
Total Pages: 538
Release: 2020-01-09
Genre: Political Science
ISBN: 1351138421

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This handbook explores the political economy and governance of the Americas, placing particular emphasis on collective and intertwined experiences. Forty-six chapters cover a range of Inter-American key concepts and dynamics. The flow of peoples, goods, resources, knowledge and finances have on the one hand promoted interdependence and integration that cut across borders and link the countries of North and South America (including the Caribbean) together. On the other hand, they have contributed to profound asymmetries between different places. The nature of this transversally related and multiply interconnected hemispheric region can only be captured through a transnational, multidisciplinary and comprehensive approach. This handbook examines the direct and indirect political interventions, geopolitical imaginaries, inequalities, interlinked economic developments and the forms of appropriation of the vast natural resources in the Americas. Expert contributors give a comprehensive overview of the theories, practices and geographies that have shaped the economic dynamics of the region and their impact on both the political and natural landscape. This multidisciplinary approach will be of interest to a broad array of academic scholars and students in history, sociology, geography, economics and political science, as well as cultural, postcolonial, environmental and globalization studies.