The Governance of Economies and the Economics of Governance

2015 ◽  
Vol 23 (1) ◽  
pp. 179-190
Author(s):  
Safi Shams
Keyword(s):  
Financial Crisis ◽  
Intellectual History ◽  
The State ◽  
The Political ◽  
Systemic Analysis ◽  
Recent Financial Crisis ◽  
Political Economic

Nearly all fractions within the political, economic, and social spheres gave responses to the recent financial crisis. In broad terms, both left-leaning and right-leaning scholars and commentators presented their explanations for the crisis, with confident agendas defining ‘what is wrong’ and how to deal with it. However, as intellectual history shows us, most of those explanations were no less fascinating precisely because they shared more that they acknowledged. A major divide has been over the role of governments in coordinating markets, or, in the case of Roberts’sThe Logic of Discipline, the role of markets in coordinating governments. In this essay, I offer an overview of Alasdair Roberts’s arguments inThe Logic of Discipline. Gradually, I extend the examined issues beyond the state-market dichotomy, arguing that only in understanding the interactive force of the two can a systemic analysis of capitalism hope to be plausible.

scholarly journals Krise der Finanzmärkte, Krise der Risikoindividualisierung

2009 ◽  
Vol 39 (154) ◽  
pp. 141-159
Author(s):  
Beat Weber
Keyword(s):  
Financial Crisis ◽  
Financial Sector ◽  
The State ◽  
Private Pension ◽  
Household Debt ◽  
Financial Innovations ◽  
Mortgage Credit ◽  
Current Path ◽  
Recent Financial Crisis

The recent financial crisis is also a crisis of the individualisation of risk. The latter has contributed to the expansion of the financial sector by increasing household debt, mortgage credit and private pension accounts. Financial innovations, intended to transfer risk from the banking to the household sector, have led to an underestimation of risks accumulated in the financial sector. When the crisis broke out, risk which was thought to have been privatised returned to the financial sector, and later on to the state, Initial reform efforts presume that minor modifications of the rules governing the financial sector would allow a continuation of the current path of development, The future distribution of risk within society and the role of the financial sector in managing it are topics which have not been on the agenda in post crisis debates so far.

Statecraft on cement:The politics of land-based accumulation inErdoğan’s Turkey

Urban Studies ◽  
2021 ◽  
pp. 004209802110440
Author(s):  
Melih Yeşilbağ
Keyword(s):  
Construction Industry ◽  
Party Politics ◽  
The State ◽  
The Political ◽  
Role Of The State ◽  
Domestic Capital ◽  
Ideological Resources ◽  
Political Economic ◽  
New Generation

This article contributes to the literature on the role of the state in land-based accumulation by presenting an explanatory framework on the case of contemporary Turkey, a case marked by an unprecedented construction boom that carries the distinct mark of the ruling AKP (Adalet ve Kalkınma Partisi, or Justice and Development Party). Land-based accumulation has constituted a defining aspect of the political economic setting of the AKP era. An investigation of the motivations behind this strategy reveals that it has been instrumental for the ruling party’s political agendas. Through land-based accumulation, the AKP has been able to cultivate a new generation of firms in the construction industry with connections to the party, consolidate its power among domestic capital and develop new mechanisms to finance party politics. Furthermore, symbolic and material manifestations of land-based accumulation have been abundantly used in the party’s propaganda machinery to provide ideological legitimation. Overall, the AKP’s authoritarian grip on power has been forged through the political-ideological resources provided by land-based accumulation. Contrary to the widespread narratives of weakening, passive or merely facilitating states, the case of Turkey brings to the fore an instance of boosting state agendas through land-based accumulation. My findings underline the need to combine capital-switch arguments with a Gramscian political conjunctural analysis for a fuller understanding of the role of the state in land-based accumulation, and point to the urban roots of neoliberal authoritarianism.

A Theory of the Dynamics of Entangled Political Economy with Application to the Federal Reserve

2012 ◽  
Vol 30 (1) ◽  
pp. 77-101 ◽  
Author(s):  
Alexander William Salter
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
20Th Century ◽  
Federal Reserve ◽  
Budget Constraint ◽  
Economic Order ◽  
The Political ◽  
Recent Financial Crisis ◽  
Political Economic

Abstract This paper develops the theory of entangled political economy by outlining a process by which the political-economic order can become increasingly entangled. The theory posits that a Big Player polity organization, a key feature of which is a lack of a hard budget constraint, exports this feature to the economy organizations it oversees. The channel through which it does so is the repeated interactions of economy and polity organizations' agents during times of crisis. The actions of the Federal Reserve, in particular its bailing out of large financial houses in the latter part of die 20th century and the most recent financial crisis, are used as a historical illustration of this theory. The paper also discusses die possibility of constitutional craftsmanship as a solution to the undesirable consequences that accompany increased economy-polity entanglement.

Turbulent Property Rights

2018 ◽  
Author(s):  
Hazel Gray
Keyword(s):  
Property Rights ◽  
Land Reform ◽  
High Growth ◽  
The State ◽  
The Political ◽  
Land Markets ◽  
Export Agriculture ◽  
Key Sectors ◽  
Political Settlement

This chapter explores the role of the political settlement in shaping outcomes of land investments by analysing struggles in key sectors of the economy. Land reform during the socialist period had far-reaching implications for the political settlement. Reforms to land rights under liberalization involved strengthening land markets; however, the state continued to play a significant role. Corruption within formal land management systems became prevalent during the period of high growth. Vietnam experienced a rapid growth in export agriculture but, in contrast with stable property rights for smallholders, Tanzania’s efforts to encourage large land investments were less successful. Industrialization in both countries generated new forms of land struggles that were influenced by the different distributions of power between the state, existing landowners, and investors.

Modernism and American Ballet

2017 ◽  
Author(s):  
Andrea Harris
Keyword(s):  
Mass Culture ◽  
American Culture ◽  
Modern Dance ◽  
The Political ◽  
Cultural Conditions ◽  
The Arts ◽  
Wide Range ◽  
Political Economic

This chapter explores the international and interdisciplinary backdrop of Lincoln Kirstein’s efforts to form an American ballet in the early 1930s. The political, economic, and cultural conditions of the Depression reinvigorated the search for an “American” culture. In this context, new openings for a modernist theory of ballet were created as intellectuals and artists from a wide range of disciplines endeavored to define the role of the arts in protecting against the dangerous effects of mass culture. Chapter 1 sheds new light on well-known critical debates in dance history between Kirstein and John Martin over whether ballet, with its European roots, could truly become “American” in contrast to modern dance. Was American dance going to be conceived in nationalist or transnationalist terms? That was the deeper conflict that underlay the ballet vs. modern dance debates of the early 1930s.

The Role of Politics in the Historical Transport Networks of the Iberian Peninsula and the Pyrenees from Roman Times to the Nineteenth Century

2021 ◽  
Vol 45 (2) ◽  
pp. 233-260
Author(s):  
Pau de Soto ◽  
Cèsar Carreras
Keyword(s):  
Iberian Peninsula ◽  
Social Factors ◽  
Transport Network ◽  
Political Organization ◽  
Transport Systems ◽  
The Political ◽  
Political Systems ◽  
Transport Networks ◽  
Political Economic

AbstractTransport routes are basic elements that are inextricably linked to diverse political, economic, and social factors. Transport networks may be the cause or result of complex historical conjunctions that reflect to some extent a structural conception of the political systems that govern each territory. It is for this reason that analyzing the evolution of the transport routes layout in a wide territory allows us to recognize the role of the political organization and its economic influence in territorial design. In this article, the evolution of the transport network in the Iberian Peninsula has been studied in a broad chronological framework to observe how the different political systems of each period understood and modified the transport systems. Subsequently, a second analysis of the evolution of transport networks in the northeast of the Iberian Peninsula is included in this article. This more detailed and geographically restricted study allows us to visualize in a different way the evolution and impact of changes in transport networks. This article focuses on the calculation of the connectivity to analyze the intermodal transport systems. The use of network science analyses to study historical roads has resulted in a great tool to visualize and understand the connectivity of the territories of each studied period and compare the evolution, changes, and continuities of the transport network.

The Saint with Indra's Sword: Khruubaa Srivichai and Buddhist Millenarianism in Northern Thailand

2014 ◽  
Vol 56 (3) ◽  
pp. 681-713 ◽  
Author(s):  
Katherine Bowie
Keyword(s):  
Political Economy ◽  
The State ◽  
Capital City ◽  
The Political ◽  
Northern Thailand ◽  
Present Evidence ◽  
Modern Context ◽  
A Charge ◽  
Social Causes

AbstractDespite a growing literature revealing the presence of millenarian movements in both Theravada and Mahayana Buddhist societies, scholars have been remarkably reluctant to consider the role of messianic beliefs in Buddhist societies. Khruubaa Srivichai (1878–1938) is the most famous monk of northern Thailand and is widely revered as atonbun, or saint. Althoughtonbunhas been depoliticized in the modern context, the term also refers to a savior who is an incarnation of the coming Maitreya Buddha. In 1920 Srivichai was sent under arrest to the capital city of Bangkok to face eight charges. This essay focuses on the charge that he claimed to possess the god Indra's sword. Although this charge has been widely ignored, it was in fact a charge of treason. In this essay, I argue that the treason charge should be understood within the context of Buddhist millenarianism. I note the saint/savior tropes in Srivichai's mytho-biography, describe the prevalence of millenarianism in the region, and detail the political economy of the decade of the 1910s prior to Srivichai's detention. I present evidence to show that the decade was characterized by famine, dislocation, disease, and other disasters of both natural and social causes. Such hardships would have been consistent with apocalyptic omens in the Buddhist repertoire portending the advent of Maitreya. Understanding Srivichai in this millenarian context helps to explain both the hopes of the populace and the fears of the state during that tumultuous decade.

II. The Political Role of the Parlement of Paris, 1715–23

1965 ◽  
Vol 8 (2) ◽  
pp. 179-200
Author(s):  
J. H. Shennan
Keyword(s):  
The State ◽  
The Political ◽  
Political Role ◽  
Legal Structure ◽  
Form Of Government ◽  
Parlement Of Paris

The most recent biographer of Montesquieu has written:…the similarity between the ideas of the former president a tnortier and those of the parlements is sometimes striking.…The king, they admit, is the legislator and the fount of justice. The parlements, however, are the repositories of his supreme juris-diction. To remove it from them is to offend the laws of the state and to overthrow the ancient legal structure of the kingdom.…This tradition of the parlements inspired and was inspired by the political doctrine of Montesquieu; and when the President writes of the monarchy of his own day…as being the best form of government that men have been able to imagine, it is monarchy supported by this tradition which he has in mind.

Trade Unions

2018 ◽  
Author(s):  
Richard Whiting
Keyword(s):  
Trade Unions ◽  
Political System ◽  
The State ◽  
The Political ◽  
British Politics ◽  
Modern Britain ◽  
The Individual ◽  
The Relationship ◽  
Critical Moments

In assessing the relationship between trade unions and British politics, this chapter has two focuses. First, it examines the role of trade unions as significant intermediate associations within the political system. They have been significant as the means for the development of citizenship and involvement in society, as well as a restraint upon the power of the state. Their power has also raised questions about the relationship between the role of associations and the freedom of the individual. Second, the chapter considers critical moments when the trade unions challenged the authority of governments, especially in the periods 1918–26 and 1979–85. Both of these lines of inquiry underline the importance of conservatism in the achievement of stability in modern Britain.

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