scholarly journals ROBUST POLITICAL ECONOMY AND THE PRIORITY OF MARKETS

2017 ◽  
Vol 34 (1) ◽  
pp. 1-24 ◽  
Author(s):  
Mark Pennington
Keyword(s):  
Political Economy ◽  
Basic Structure ◽  
Decision Makers ◽  
Mutual Advantage ◽  
Regime Types ◽  
Robust Political Economy ◽  
Political Economic ◽  
Private Contracting ◽  
Cooperative Venture ◽  
Economic Regime

Abstract:This essay offers a “nonideal” case for giving institutional priority to markets and private contracting in the basic structure of society. It sets out a “robust political economy” framework to examine how different political economic regime types cope with frictions generated by the epistemic limitations of decision-makers and problems of incentive incompatibility. Focusing on both efficiency arguments and distributive justice concerns the essay suggests that a constitutional structure that prioritizes consensual exchange is more likely to sustain a cooperative venture for mutual advantage.

The possibility of democratic socialism in Habermas

2021 ◽  
pp. 136843102098689
Author(s):  
Pedro A. Teixeira
Keyword(s):  
Political Economy ◽  
Deliberative Democracy ◽  
Economic Organization ◽  
Democratic Socialism ◽  
Theory Of Justice ◽  
Liberal Democratic ◽  
Political Economic ◽  
Theory Of Democracy ◽  
Economic Regime ◽  
The Ideal

In keeping with the radical openness of his theory of democracy, Habermas avoided pre-determining the ideal mode of economic organization for his favoured model of deliberative democracy. Instead of attempting a full-blown derivation, in this article, I propose adapting the Rawlsian method of comparing different political–economic regimes as candidate applications of his theory of justice to Habermas’s theory of deliberative democracy. Although both theorists are seen as endorsing liberal democratic world views, from the perspective of political economy, the corollary of their conceptions of democracy would arguably veer elsewhere: in Rawls’s case, into the territory of property-owning democracy or democratic socialism, and in Habermas’s, into any political–economic regime which guarantees the real exercise of full political and discursive liberties against the background of legitimate lawmaking. The ultimate aim of this article is to discuss whether a concrete conception of democratic socialism, if any, is compatible with Habermas’s theory of deliberative democracy.

scholarly journals Model of public choice and political rent

2018 ◽  
Vol 2 (2) ◽  
pp. 49-57
Author(s):  
Agnieszka Bezat-Jarzebowska ◽  
WÅ‚odzimierz Rembisz ◽  
Agata Sielska
Keyword(s):  
Political Economy ◽  
Economic Analysis ◽  
Public Choice ◽  
Agricultural Policy ◽  
Choice Model ◽  
Decision Makers ◽  
Political Economic ◽  
Benefits And Costs ◽  
Selection Of

It can be assumed that the scope of agricultural policy and connected with its financial streams are not accidental. Selection of a particular, policy defines a mechanism in which the benefits and costs are combined. Such an effort of describing and ex plaining the mechanism was presented in the paper. We use the concept of a public choice model. Issues of including political (or admin istrative) interest in defining and shaping the policy are incorporated into the models of public choice. The authors assumed the rationality of decision makers and their goal to maximize their own utility. The analysis presented in the paper is some reference to one of the trends of political economy, according to which the emphasis is on the voters’ behaviour.   Keywords: Public choice, political rent, agricultural policy, political economic  analysis

SELF-GOVERNANCE, ROBUST POLITICAL ECONOMY, AND THE REFORM OF PUBLIC ADMINISTRATION

2021 ◽  
Vol 38 (1) ◽  
pp. 170-197
Author(s):  
Vlad Tarko
Keyword(s):  
Political Economy ◽  
Public Goods ◽  
Public Administration ◽  
State Level ◽  
Decision Makers ◽  
Regulatory Agencies ◽  
Private Goods ◽  
Robust Political Economy ◽  
Political Economy Analysis ◽  
Economy Analysis

AbstractThis essay explains how to use the calculus of consent framework to think more rigorously about self-governance, and applies this framework to the issue of evaluating federal regulatory agencies. Robust political economy is the idea that institutions should be designed to work well even under weak assumptions about decision-makers’ knowledge and benevolence. I show how the calculus of consent can be used to analyze both incentives and knowledge problems. The calculus is simultaneously a theory of self-governance and a tool for robust political economy analysis. Applying this framework to the case of public administration leads to the conclusion that private goods (such as medicine) tend to be over-regulated, public goods tend to be under-regulated (such as enabling too much pollution), and regulatory agencies tend to be over-centralized (and should in most cases either be replaced with certification markets or moved to state level).

The Idea of a Meaningful Synthesis of Marxist and Non-Marxist Systems of Political Economy as a Mirror of Intellectual Turmoil (About V.T. Ryazanov’s Book «Modern Political Economy: Prospects of Neo-Marxist Synthesis»)

2019 ◽  
pp. 74-98
Author(s):  
A.B. Lyubinin
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Economic Status ◽  
Economic Science ◽  
Objective Reality ◽  
Commodity Production ◽  
Subjective Assessments ◽  
The Subject ◽  
The Difference ◽  
Political Economic

Review of the monograph indicated in the subtitle V.T. Ryazanov. The reviewer is critical of the position of the author of the book, believing that it is possible and even necessary (to increase the effectiveness of General economic theory and bring it closer to practice) substantial (and not just formal-conventional) synthesis of the Marxist system of political economy with its non-Marxist systems. The article emphasizes the difference between the subject and the method of the classical, including Marxist, school of political economy with its characteristic objective perception of the subject from the neoclassical school with its reduction of objective reality to subjective assessments; this excludes their meaningful synthesis as part of a single «modern political economy». V.T. Ryazanov’s interpretation of commodity production in the economic system of «Capital» of K. Marx as a purely mental abstraction, in fact — a fiction, myth is also counter-argued. On the issue of identification of the discipline «national economy», the reviewer, unlike the author of the book, takes the position that it is a concrete economic science that does not have a political economic status.

The Political Economy of Attention

2021 ◽  
Vol 50 (1) ◽  
Author(s):  
Morten Axel Pedersen ◽  
Kristoffer Albris ◽  
Nick Seaver
Keyword(s):  
Political Economy ◽  
Online Publication ◽  
The Political ◽  
Annual Review ◽  
Publication Date ◽  
Moral Concern ◽  
Digital Platforms ◽  
Political Economic

Attention has become an issue of intense political, economic, and moral concern over recent years: from the commodification of attention by digital platforms to the alleged loss of the attentional capacities of screen-addicted children (and their parents). While attention has rarely been an explicit focus of anthropological inquiry, it has still played an important if mostly tacit part in many anthropological debates and subfields. Focusing on anthropological scholarship on digital worlds and ritual forms, we review resources for colleagues interested in this burgeoning topic of research and identify potential avenues for an incipient anthropology of attention, which studies how attentional technologies and techniques mold human minds and bodies in more or less intentional ways. Expected final online publication date for the Annual Review of Anthropology, Volume 50 is October 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Socio-economic conditions for satisfying human needs at low energy use: an international analysis of provisioning factors

2021 ◽  
Author(s):  
Jefim Vogel ◽  
Julia K. Steinberger ◽  
Daniel W. O'Neill ◽  
William F. Lamb ◽  
Jaya Krishnakumar
Keyword(s):  
Energy Dependence ◽  
Energy Use ◽  
Well Being ◽  
Economic Transformation ◽  
Need Satisfaction ◽  
Economic Conditions ◽  
Climate Mitigation ◽  
Human Needs ◽  
Political Economic ◽  
Economic Regime

<p>Meeting human needs at low levels of energy use is fundamental for avoiding catastrophic climate change and securing the well-being of all people. In the current international political-economic regime, no country does so.</p><p>Here, we assess which socio-economic conditions might enable societies to satisfy human needs at sustainable levels of energy use, and thus reconcile human well-being with ambitious climate mitigation. Applying a novel analytical framework and a novel regression-based moderation approach to data from 106 countries, we analyse how the relationship between energy use and six dimensions of human need satisfaction varies with a wide range of socio-economic factors relevant to the provisioning of goods and services (‘provisioning factors’).</p><p>We find that higher achievements in provisioning factors such as income equality, public service quality, democracy and electricity access are associated with greater need satisfaction and lower energy dependence of need satisfaction. Conversely, higher levels of economic growth and extractivism are associated with lower need satisfaction and greater energy dependence of need satisfaction. Our analysis suggests that countries with beneficial configurations of key provisioning factors are much more likely to reach high levels of need satisfaction at low(er) levels of energy use. Based on our statistical models, countries with highly beneficial configurations of several key provisioning factors could likely achieve sufficient need satisfaction within levels of energy use found compatible with limiting global warming to 1.5 °C without negative emissions technologies. Achieving this would be very unlikely for countries with detrimental provisioning configurations.</p><p>Improvements in relevant provisioning factors may thus be crucial for ending human deprivation in currently underproviding countries without exacerbating climate and ecological crises, and for tackling the ecological overshoot of currently needs-satisfying countries without compromising sufficient need satisfaction. However, as key pillars of the suggested changes in provisioning run contrary to the dominant political-economic regime, a broader political-economic transformation may be required to organise provisioning for the satisfaction of human needs within sustainable levels of energy use.</p><p>Our findings have important implications for climate mitigation, poverty eradication, development discourses, and efforts towards Sustainable Development Goals and socio-ecological transformation.</p>

scholarly journals Toward a Political Economy of ‘Audience Labour’ in the Digital Era

2014 ◽  
Vol 12 (2) ◽  
Author(s):  
Brice Nixon
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Cultural Consumption ◽  
Labour Process ◽  
Digital Era ◽  
Productive Activities ◽  
Labour Exploitation ◽  
Human Labour ◽  
Political Economic

This article contributes to a political economic theory centred on the concept of “audience labour”. First, the previous use of the concept of audience labour is briefly traced and the process of rethinking the concept as the basis of a political economic theory is begun. Second, a theory of the audience labour process is developed, drawing on previous theories of audience activities of cultural consumption as productive activities of signification and adapting Marx’s theory of the human labour process to the audience labour process. Third, a political economy of audience labour is outlined. As a theory of the basic processes through which communicative capital can control and extract value from audience labour, it describes the exploitation of audience labour and accumulation of communicative capital through distribution relationships of rent and interest. Finally, the continuing centrality of audience labour exploitation in the digital era is discussed.

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