‘The folly of particulars’: the political economy of the South Sea Bubble

2012 ◽  
Vol 19 (2) ◽  
pp. 175-197 ◽  
Author(s):  
Richard Kleer
Keyword(s):  
Political Economy ◽  
Public Debt ◽  
Alternative Explanation ◽  
Banking Industry ◽  
Market Price ◽  
The Political ◽  
The South ◽  
The Public ◽  
Conversion Operation ◽  
South Sea

In 1720 Britain embarked on a project to convert a large part of the public debt into shares in the South Sea Company. Most narratives assume the Company stood to profit from an anticipated increase in the market price of its shares. Though some have noted that this assumption is incorrect, no one has yet tried to find an alternative explanation for the Company's motivation for entering into the project. In this article I argue that the Company had no need to profit directly from the conversion operation and instead saw it as an opportunity to establish dominance in the British banking industry.

التأثيرات السياسية في استدامة الدين العام في موازنة العراق 2019

2020 ◽  
Vol 2020 (66) ◽  
pp. 1-26
Author(s):  
م.م أحمد حامد جمعة ◽  
◽  
د. كمال فيلد البصري
Keyword(s):  
Public Debt ◽  
Public Spending ◽  
The Political ◽  
Financial Policy ◽  
Public Expenditures ◽  
Public Budget ◽  
Political Decision ◽  
The Public ◽  
Public Benefit ◽  
Political Impact

This study clarifies the analysis of the reality of the financial policy in the budget of Iraq 2019, and that analysis is evaluated by tracking the elements of the public budget from public expenditures and public revenues, and the study focuses on the size of the political impact on the path of public spending, as well as the analysis of public spending and revenues in various sectors and sections of the public budget. This study also shows the size of the risks resulting from the continuation of the financial deficit, as well as the risks of public debt according to the indicators of its sustainability analysis within the financial and economic indicators that express the risks of public debt. The study emphasized that public spending is still based on the political decision and does not achieve the principles and objectives of the economic budget that achieve the public benefit. The necessity requires efficient spending and fair distribution in order to avoid future public debt risks and their impact on future generations

scholarly journals In the Labirinth. State, Governments, and the Growth of the Public Debt in Italy in the Middle of 1980s

2016 ◽  
Vol 1 (2) ◽  
Author(s):  
Prof. Leonida Tedoldi
Keyword(s):  
Public Debt ◽  
The Political ◽  
Sociological Research ◽  
State Governments ◽  
The Public ◽  
Critical Comparison ◽  
Institutional System

<p>The ambition of this work is to rethink and present a possible path of historical-institutional investigation in relation to and with a critical comparison of now solid economic, political and sociological research into the political causes of the public debt and its instrumentalization by governments for the purposes of consensus, in a blocked political-institutional system. The reason for the decision to concentrate the analysis on a reduced portion of that decade – and therefore chronologically not going past 1988, the year of a passage to a different phase for many aspects – responds to the intention of further concentrating the analysis and delving into the sources. </p>

The Lakefront Today

2021 ◽  
pp. 281-298
Author(s):  
Joseph D. Kearney ◽  
Thomas W. Merrill
Keyword(s):  
Public Trust ◽  
The Political ◽  
Boundary Line ◽  
Deep Tunnel ◽  
The South ◽  
The Public ◽  
The Past ◽  
Public Trust Doctrine ◽  
The Future ◽  
Recent Developments

This chapter reviews how the political settlements and legal understandings canvassed in the account continue to affect the Chicago lakefront today. It offers brief snapshots of five more recent developments on the lakefront that reflect the influence of the past — and that may be indicative of the future. The chapter begins by recounting the boundary-line agreement of 1912 which planted the seeds of the Illinois Central's demise on the lakefront. Today, the railroad has largely disappeared from the lakefront, in both name and fact. The chapter then shifts to discuss the Ward cases, which continue to affect the shape of the lakefront. It chronicles the success of Millennium Park and the Illinois Supreme Court's demotion of the public dedication doctrine to a statutory right limited to Grant Park. The chapter also recounts the Deep Tunnel project and the challenges in the South Works site. Ultimately, it discusses the appearance of the public trust doctrine on the lakefront, being invoked by preservationist groups to challenge both a new museum and the construction of President Barack Obama's presidential library (called the Obama Presidential Center).

The Political Economy of Health: Revisiting Its Marxian Origins to Address 21st-Century Health Inequalities

2020 ◽  
pp. e1-e8
Author(s):  
Michael Harvey
Keyword(s):  
Public Health ◽  
Political Economy ◽  
Public Health Research ◽  
The Political ◽  
Health Issues ◽  
Race And Racism ◽  
The Public ◽  
Critical Theories ◽  
Political Economy Of Health ◽  
Marxian Political Economy

The “political economy of health” is concerned with how political and economic domains interact and shape individual and population health outcomes. However, the term is variously defined in the public health, medical, and social science literatures. This could result in confusion about the term and its associated tradition, thereby constituting a barrier to its application in public health research and practice. To address these issues, I survey the political economy of health tradition, clarify its specifically Marxian theoretical legacy, and discuss its relevance to understanding and addressing public health issues. I conclude by discussing the benefits of employing critical theories of race and racism with Marxian political economy to better understand the roles of class exploitation and racial oppression in epidemiological patterning. (Am J Public Health. Published online ahead of print December 22, 2020:e1–e8. https://doi.org/10.2105/AJPH.2020.305996 )

scholarly journals The Political Economy of Redistribution Policy

2019 ◽  
pp. 519-541
Author(s):  
Luna Bellani ◽  
Heinrich Ursprung
Keyword(s):  
Political Economy ◽  
Public Choice ◽  
Political Institutions ◽  
The Political ◽  
Economic Relationships ◽  
The Public ◽  
Generic Models ◽  
Redistribution Policy ◽  
Choice Analysis ◽  
Beliefs And Attitudes

The authors review the literature on the public-choice analysis of redistribution policies. They restrict the discussion to redistribution in democracies and focus on policies that are pursued with the sole objective of redistributing initial endowments. Since generic models of redistribution in democracies lack equilibria, one needs to introduce structure-inducing rules to arrive at a models whose behavior realistically portrays observed redistribution patterns. These rules may relate to the economic relationships, political institutions, or to firmly established preferences, beliefs, and attitudes of voters. The chapter surveys the respective lines of argument in turn and then present the related empirical evidence.

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