scholarly journals New approaches to political economy

2019 ◽  
Vol 17 (2) ◽  
pp. 433-459 ◽  
Author(s):  
Bruno Amable ◽  
Aidan Regan ◽  
Sabina Avdagic ◽  
Lucio Baccaro ◽  
Jonas Pontusson ◽  
...  

Abstract The discussion on ‘New Approaches to Political Economy (PE)’ gives us a state-of-the-art overview of the main theoretical and conceptual developments within the concept of political economy. Thereby, it invites us to broaden our knowledge regarding manifold novel approaches, which make use of more complex methods to study the less stable, less predictable, but faster changing realities of smaller or bigger geographical regions. In this discussion forum, Amable takes a closer look on the nature of ‘conflict’ as well as the relationship between conflict and institutional change or stability. After stressing the relevance of comparative capitalism in general, Regan also zooms in on the political conflicts in comparative political economy from three different perspectives (electoral politics, organized interest groups and business-state elites), where he finds new avenues, tensions and research agendas are opening up. From a different perspective, Avdagic reviews the broad developments in the field of political economy with respect to the supply and demand side of redistributive policy. Thereafter, Baccaro and Pontusson sketch an alternative ‘growth model perspective’, which puts demand and distribution at the center of the analysis. Finally, Van der Zwan analyses the usefulness of financialization studies for the study of (comparative) political economy.

2019 ◽  
Vol 18 (2) ◽  
pp. 272-290
Author(s):  
Julia Lux

Abstract In times of crisis, comparative capitalism analysis has difficulties differentiating crisis symptoms and effects from trends that may be more long-term. In this paper, I propose that by looking at the discursive strategies of central actors within the political economy, we may improve our understanding of capitalist trajectories. Drawing on Regulation Theory and Gramsci, the main empirical argument is that the French accumulation regime and its regulation are changing to a more explicitly export-oriented and financialised capitalism. This is underscored by the political project of capital-friendly austerity corresponding to a shift in the relationship of forces, the establishment of a neoliberal understanding of competitiveness, and the fading-out of purchasing power. The theoretical contribution of the paper is to integrate more closely critical discourse analysis with a critical political economy perspective.


2021 ◽  
pp. 095892872110356
Author(s):  
Niccolo Durazzi ◽  
Leonard Geyer

This thematic review essay focuses on the relationship between social inclusion and collective skill formation systems. It briefly surveys foundational literature in comparative political economy and comparative social policy that documented and explained the traditionally socially inclusive nature of these systems. It reviews how the literature conceptualized the current challenges faced by collective skill formation systems in upholding their inclusive nature in the context of the transition to post-industrial societies. It then discusses in detail a recent strand of literature that investigates the policy responses that have been deployed across countries to deal with these challenges. It concludes by providing heuristics that may be useful for researchers who seek to advance the study of the policy and politics of social inclusion in collective skill formation systems.


1999 ◽  
Vol 29 (1) ◽  
pp. 1-31 ◽  
Author(s):  
LYLE A. SCRUGGS

This article examines the relationship between national political and economic institutions and environmental performance since the early 1970s in seventeen OECD countries. After presenting hypotheses about some of the effects of the most important structural and institutional variables on performance, I test these hypotheses using a multiple regression analysis. I find that neo-corporatist societies experience much better environmental outcomes than more pluralist systems. However, neither the degree of ‘consensual’ political democracy nor traditional political factors can explain much variation in environmental performance. These relationships hold even after controlling for other structural factors such as income and manufacturing intensity. The results are robust despite perennial small-n statistical problems encountered in comparative political economy.


Author(s):  
Moises Arce ◽  
Adrian Siefkas

The bulk of the existing literature on the resource curse emphasizes the pervasive and negative outcomes that are typically associated with a country’s abundance of natural resources, such as poor governance, low levels of economic development, civil war, and dictatorship. The worldwide correlation between natural resource wealth and autocratic governance is well-known, and scholars have tried to explain this outcome in a variety of ways. One explanation is rentier state theory, which argues that resource wealth inhibits the growth of civil society because resource (oil) rents allow governments to relieve social pressures through a mix of low taxes and patronage spending. Oil rents thus undermine citizens’ motivation to mobilize, demand representation, or hold political leaders accountable. However, while much of the resource curse literature focuses on the adverse effects of oil wealth, oil makes up only one portion of extractive industries. A growing comparative political economy literature focuses on resource extraction (e.g., precious metals like gold and silver; base metals like copper; and energy resources like coal and uranium) and explains why it leads to conflict among local populations, corporations, and national governments. The extraction of these resources has the opposite effect of oil in that it tends to generate political activity as opposed to political apathy or quiescence. By political activity, we mean the different mobilizations and collective action strategies of challengers near the extractive frontier. While the literature treats this political activity as conflict, it is nonetheless distinct from the resource–civil war debate from the resource curse literature. Case studies and quantitative research support the observation that mineral wealth leads to conflict. The quantitative literature examines the variation of resource (mineral) conflicts cross-nationally and subnationally. Some studies have examined the relationship between mineral wealth and conflict; other studies have explored the relationship between geo-referenced extractive areas and conflict. Mineral extraction is different from oil extraction in terms of the labor intensity of extraction processes, the state ownership of the resource, and the amount of revenue each resource generates. Conflicts over mineral wealth can occur at different stages along the commodity chain: the point of resource access (e.g., when agricultural producers and extractive industries clash over land and water use), the extraction stage itself (e.g., when extractive industries are expanded), the processing and transportation of oil and minerals, and the waste management stage (e.g., the failure of tailing dams or oil pipelines). This comparative political economy literature has also begun to explore the consequences of conflicts, which can result in different political interactions between local communities and corporations, the extension of consultation rights as well as other participatory practices at the grassroots level.


2019 ◽  
pp. 142-150
Author(s):  
Alexandеr V. Buzgalin

In the article prepared in connection with the discussion on the use of the Marxist political economy heritage and the revival of a special seminar on Marx’s “Capital”, the author shows the dialectic of the relationship between the content and the transformed forms of the modern capitalist system; the potential of “Capital” to understand the content of the modern economy, and the potential of economics to understand its forms. On this basis, the author shows which questions of our time are answered by Marxist methodology and theory, and which are not, and concludes that Marxist political economy has significant methodological potential to become an important component of the scientific and educational process in current conditions.


Author(s):  
Ruha Benjamin

In this response to Terence Keel and John Hartigan’s debate over the social construction of race, I aim to push the discussion beyond the terrain of epistemology and ideology to examine the contested value of racial science in a broader political economy. I build upon Keel’s concern that even science motivated by progressive aims may reproduce racist thinking and Hartigan’s proposition that a critique of racial science cannot rest on the beliefs and intentions of scientists. In examining the value of racial-ethnic classifications in pharmacogenomics and precision medicine, I propose that analysts should attend to the relationship between prophets of racial science (those who produce forecasts about inherent group differences) and profits of racial science (the material-semiotic benefits of such forecasts). Throughout, I draw upon the idiom of speculation—as a narrative, predictive, and financial practice—to explain how the fiction of race is made factual, again and again. 


2020 ◽  
Vol 3 (7) ◽  
pp. 108-113
Author(s):  
K. V. KURNOSOV ◽  

The article considers the issue of the relationship between the phenomenon of patriotism and socio-political conflicts; presents scientific research related to this issue; a possible approach to assessing the influence of patriotism on the prevention of socio-political conflicts in modern Russia is revealed.


Author(s):  
Ralph Henham

This chapter argues that the relationship between penal policy and the political economy provides important insights into the political and institutional reforms required to minimize harsh and discriminatory penal policies. However, the capacity of sentencing policy to engage with this social reality in a meaningful way necessitates a recasting of penal ideology. To realize this objective requires a profound understanding of sentencing’s social value and significance for citizens. The greatest challenge then lies in establishing coherent links between penal ideology and practice to encourage forms of sentencing that are sensitive to changes in social value. The chapter concludes by explaining how the present approach taken by the courts of England and Wales to the sentencing of women exacerbates social exclusion and reinforces existing divisions in social morality. It urges fundamental changes in ideology and practice so that policy reflects a socially valued rationale for the criminalization and punishment of women.


Author(s):  
Georg Menz

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.


2019 ◽  
Vol 18 (4) ◽  
pp. 1142-1161 ◽  
Author(s):  
Shira Zilberstein

Standard narratives on the relationship between art and urban development detail art networks as connected to sources of dominant economic, social, and cultural capital and complicit in gentrification trends. This research challenges the conventional model by investigating the relationship between grassroots art spaces, tied to marginal and local groups, and the political economy of development in the Chicago neighborhood of Pilsen. Using mixed methods, I investigate Do–It–Yourself and Latinx artists to understand the construction and goals of grassroots art organizations. Through their engagements with cultural representations, space and time, grassroots artists represent and amplify the interests of marginal actors. By allying with residents, community organizations and other art spaces, grassroots artists form a social movement to redefine the goals and usages of urban space. My findings indicate that heterogeneous art networks exist and grassroots art networks can influence urban space in opposition to top–down development.


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