scholarly journals Austerity and Anti-Austerity: The Political Economy of Refusal in ‘Low-Resistance’ Models of Capitalism

2017 ◽  
Vol 49 (2) ◽  
pp. 683-709 ◽  
Author(s):  
David J. Bailey ◽  
Saori Shibata

In contrast to much of the political economy literature, this article explores acts of refusal that obstruct attempts to impose austerity measures on advanced industrial democracies. It thereby complements a literature that has thus far focused far more upon the (apparently unobstructed) imposition of austerity. In doing so, it uses two typically ‘low-resistance’ countries – Japan and the UK –as least-likely cases and finds that austerity is rarely uncontested. Using fuzzy set Qualitative Comparative Analysis, it highlights the ‘causal recipes’ sufficient for both (1) anti-austerity activity to have a significant impact on austerity proposals and (2) the smooth (unobstructed) imposition of austerity. The politics of austerity is shown to be better understood as an iterative interaction between proposals for austerity and the acts of refusal they encounter. These obstacles to austerity appear more straightforward to activate effectively in Japan’s coordinated model of capitalism, whilst the UK’s liberal market economy tends to generate more innovative forms of dissent that (if they are sufficiently militant) provide an alternative route towards the obstruction of austerity.

2021 ◽  
pp. 1-25
Author(s):  
Daniela Stevens

Abstract We only partially understand the rise of subnational North American governments as carbon-pricing pioneers because fewer than half of the jurisdictions that consider a carbon-pricing policy (CPP) implement one. This article contributes to the literature on CPPs that relies on political economy dynamics and power relations to explain not only policy outcomes but also the lack thereof. Using a qualitative comparative analysis of fifty-four cases, the article shows that subnational governments that have officially considered a CPP tend to implement it if the visible and local co-benefits of mitigation help them bear the political and economic costs of pricing emissions. Findings also show that the regulation of industries with high risk of carbon leakage does not automatically preclude the enactment of CPPs and that the scope of the policy may be more decisive for implementation.


2021 ◽  
pp. 209-246
Author(s):  
Craig Berry

We are increasingly conscious that private pension schemes in the UK are primarily financial institutions. UK private pensions provision has always been highly financialized, but the individualization of provision means this dynamic matters more than ever to retirement incomes. Furthermore, individualization has occurred at a time when the UK economy’s capacity to support a long-term approach to capital investment, upon which pensions depend, has declined. The chapter argues that pensions provision essentially involves managing the failure of the future to resemble the present, or more specifically present forecasts of the future. As our ability to manipulate the value of the future has increased, our ability to tolerate forecast failure has declined. The chapter details how pension funds invest, and how this has changed, and provides an original understanding of several recent attempts to shape pensions investment, ultimately demonstrating the limitations of pensions policy in shaping how provision functions in practice.


1982 ◽  
Vol 16 (2) ◽  
pp. 298-319 ◽  
Author(s):  
Charles H. Wood

The equilibrium model of labor mobility and the historical-structural perspective on population movement are summarized and critiqued. A comparative analysis identifies the sources of the growing discontinuity in the contemporary literature on migration by exploring the theoretical and methodological implications of the contrasting paradigms of socioeconomic development in which each perspective is embedded. The last section outlines an alternative approach to the study of migration by shifting the unit of analysis to the household. It is argued that the analysis household sustenance strategies, interpreted within the political economy of which the household is a part, provides the basis for integrating structural and behavioral perspectives on the study of population movement.


1979 ◽  
Vol 21 (4) ◽  
pp. 483-518 ◽  
Author(s):  
Alan Richards

In many otherwise diverse societies, owners of large agricultural estates have paid their year-round workers with the use of a piece of land on which to produce their own subsistence crops. In a “preliminary report” Magnus Morner cited some eleven examples of this system in Europe, Latin America, and Africa. Although Mörner mentions different influences, he does not advance an argument to explain these systems. This essay seeks to contribute to our understanding of the political economy of these “labor rent” or “estate labor” systems. The paper is exploratory: previous approaches are considered, a theoretical framework is proposed, and some tentative hypotheses are presented. My evidence comes from three examples: the Insten system of East Elbian Germany from ca. 1750 to ca. 1860; the ‘izbah system of the Egyptian Delta from ca. 1850 to ca. 1940; and the pre-1930 inquilinaje system of Central Chile.


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