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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.


Politics as a Peculiar Business

Politics as a Peculiar Business
Author: Richard E. Wagner
Publisher: Edward Elgar Publishing
Total Pages: 247
Release: 2016-02-26
Genre: Business & Economics
ISBN: 1785365487

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Economists typically treat government as something outside the business realm, a sort of “Lord of the Manor”. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises.


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).


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.


Politics as a Peculiar Business

Politics as a Peculiar Business
Author: Richard E. Wagner
Publisher:
Total Pages: 256
Release: 2017-06-30
Genre: Economics
ISBN: 9781786430458

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Economists typically treat government as something outside the business realm, a sort of 'Lord of the Manor'. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises.


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 C. Smith
Publisher:
Total Pages: 0
Release: 2014
Genre:
ISBN:

Download A Theory of Entangled Political Economy, with Application to TARP and NRA. Book in PDF, ePub and Kindle

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, we illuminate both the recent Troubled Assets Relief Program (TARP) and the New Deal's National Recovery Administration (NRA).


Inequality

Inequality
Author: Mikayla Novak
Publisher: Springer
Total Pages: 262
Release: 2018-05-09
Genre: Political Science
ISBN: 331989417X

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‘This book is a thoroughly researched and well written exploration of one of the most divisive topics in modern democratic discourse. Novak brings careful and clear thinking to a topic too often clouded in emotion and guided by moral intuition. ‘ —Peter Boettke, Professor of Economics and Philosophy, George Mason University, USA ‘Inequality has bred a climate of hostile political discourse reminiscent of the cold war. In this lucid book, Novak explains how we can transcend that hostility by recognizing the deeply entangled character of politics and economics within modern societies.’ —Richard E. Wagner, Hobart R. Harris Professor of Economics, George Mason University, USA ‘Mikayla Novak has provided a bold new intellectual foundation for social policy analysis.’ —Jason Potts, Professor of Economics, RMIT University, Australia In recent years the degree of income and wealth inequality within developed countries has been raised as a central issue in economic and social policy debates. Numerous figures across diverse ideological affinities have advocated policy measures to significantly alter income and wealth distributions, while the inequality debate has become infused with other subjects such as social justice and identity politics. This book presents an account of economic inequality from a contemporary classical liberal perspective. Inequality is seen as a by-product of entangled relationships within society, bringing to the fore key ideas from complexity, evolutionary and network sciences. Novak illustrates that inequality is problematic insofar as it generates pro-rich redistribution and constrains progress by the less well off. Economic inequality has important links with issues such as fiscal and regulatory policies, discrimination and social exclusion, and institutional design. This unique book is important reading for social science academics, policy makers and people interested in exploring the dimensions and solutions to inequality, a critical issue of our time.


Power, Political Economy, and Historical Landscapes of the Modern World

Power, Political Economy, and Historical Landscapes of the Modern World
Author: Christopher DeCorse
Publisher: SUNY Press
Total Pages: 420
Release: 2019-04-01
Genre: Business & Economics
ISBN: 1438473435

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Reveals how the expanding world-system entangled the non-Western world in global economies, yet did so in ways that were locally articulated, varied, and, often, non-European in their expression. This interdisciplinary volume brings together a richly substantive collection of case studies that examine European-indigene interactions, economic relations, and their materialities in the formation of the modern world. Research has demonstrated the extent and complexity of the varied local economic and political systems, and diverse social formations that predated European contact. These preexisting systems articulated with the expanding European economy and, in doing so, shaped its emergence. Moving beyond the confines of national or Atlantic histories to examine regional systems and their historical trajectories on a global scale, the studies within this volume draw examples from the Caribbean, Mesoamerica, North America, South America, Africa, and South Asia. While the contributions are rooted in substantive studies from different world areas, their overarching aim is to negotiate between global and local frames, revealing how the expanding world-system entangled the non-Western world in global economies, yet did so in ways that were locally articulated, varied and, often, non-European in their expression.


Reason, Ideology, and Democracy

Reason, Ideology, and Democracy
Author: Meg Patrick Tuszynski
Publisher: Palgrave Macmillan
Total Pages: 0
Release: 2024-11-01
Genre: Political Science
ISBN: 9783031698392

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Democratic political systems are often thought to be preferable to all others for supporting liberty. Around the world, nations that are more democratic tend to be freer across various aspects of life and human experience. This book undertakes a social scientific analysis of this claim and finds it to be wanting. The reality of democratic systems does not adhere to popular rhetoric. One of the key reasons for this is that our system is an entangled system, one in which the realm of the political and commercial are so intertwined that they cannot be easily separated. Businessmen have political interests, and politicians have commercial interests. The implication of this entanglement is that alleviating the problems that emerge in democratic systems is not a simple matter of rolling back damaging interventions. Due to the logic of entanglement, returning to a “free market” is not possible in most cases. The authors pull economics back to its classical roots to analyze the social orders that best allow people to live together. The world is not constantly aiming at placidity, as the prevailing economics of equilibrium would have us think. We live in a world of change and turbulence, so our social science requires a framework that deals with this turbulence robustly. Classical economists beginning with Adam Smith sought to uncover which forms of human association allowed us to live better together. The authors explain Smith’s observations, asking the same sorts of questions of readers today. Because the baseline assumption of entanglement does not allow one to divide the world so clearly into two distinct structures, the authors parallel Smith’s approach, focusing on forms of association rather than political or commercial structures. Focusing on human association, the authors help readers uncover the manifold structures humans have devised that allow them to tame the turbulence and live lives more harmoniously with others.


Politics as a Peculiar Business

Politics as a Peculiar Business
Author: Richard E. Wagner
Publisher:
Total Pages: 38
Release: 2014
Genre:
ISBN:

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This is a preliminary draft of the third of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter contrasts two approaches to working with the compound noun “political economy.” The standard, additive framework treats polity and economy as distinct objects, and with polity intervening into economy to change its attributes. The alternative, entangled framework treats polity and economy as comprising a single system that is only partially decomposable into separate subsystems. This alternative framework sets forth an alternative treatment of property rights and of the capital accounts of political enterprises.