Three questions to political economy (An attempt of system introspection)

2018 ◽  
pp. 118-127 ◽  
Author(s):  
G. B. Kleiner
Keyword(s):  
Political Economy ◽  
Modern Society ◽  
Modern World ◽  
The Political ◽  
Economic Science ◽  
Linear Component ◽  
Capitalist System ◽  
Economic Space ◽  
Economic Relations ◽  
System Paradigm

The development of the system paradigm in economic science leads to the formulation of a number of important questions to the political economy as one of the basic directions of economic theory. In this article, on the basis of system introspection, three questions are considered. The first is the relevance of the class approach to the structuring of the socio-economic space; the second is the feasibility of revising the notion of property in the modern world; the third is the validity of the notion of changing formations as the sequence of “slave-owning system — feudal system — capitalist system”. It is shown that in modern society the system approach to the structuring of socio-economic space is more relevant than the class one. Today the classical notion of “property” does not reflect the diversity of production and economic relations in society and should be replaced by the notion of “system property”, which provides a significant expansion of the concepts of “subject of property” and “object of property”. The change of social formations along with the linear component has a more influential cyclic constituent and obeys the system-wide cyclic regularity that reflects the four-cycle sequence of the dominance of one of the subsystems of the macrosystem: project, object, environment and process.

Das Kapital and political economy in the broad sense: a review on Wang Yanan’s research

2018 ◽  
Vol 1 (1) ◽  
pp. 130-135
Author(s):  
Lu Jiang ◽  
Yang Ge
Keyword(s):  
Political Economy ◽  
Historical Materialism ◽  
Broad Sense ◽  
The Political ◽  
Capitalist System ◽  
Content Type ◽  
Economic Relations ◽  
Political Economic ◽  
The Relationship ◽  
Broad Outline

Purpose Wang has focused on the relationship between Das Kapital and the political economy in the broad sense. Numerous ideas covering the political economy in the broad sense are involved in the overall structure of Das Kapital, methodology of historical materialism and analyses of the historical fate of capitalist system. The paper aims to discuss these issues. Design/methodology/approach In broad outline, the Asiatic, ancient, feudal and modern bourgeois modes of production may be designated as epochs, marking progress in the economic development of society (Wang, 2007b). Historical materialism provides a new, scientific and objective explanation for understanding the dialectical development laws of society. It is crucial for constructing the theoretical system of a political economy in the broad sense. It could be said that it is the key to solving the puzzle of the historical course of social development. Findings Today, economic relations between the world’s top two economies have merged with each other. How can two countries with different systems trade with each other so well? These questions can no longer be answered with traditionally narrow political economic theory. The authors have to seek these answers from the perspective of a political economy in the broad sense. Originality/value Numerous ideas covering the political economy in the broad sense are involved in the overall structure of Das Kapital, methodology of historical materialism, and analyses of the historical fate of capitalist system.

From Globalisation to Revolution? The Porfirian Political Economy: An Essay on Issues and Interpretations

2009 ◽  
Vol 41 (2) ◽  
pp. 347-368 ◽  
Author(s):  
PAOLO RIGUZZI
Keyword(s):  
Political Economy ◽  
Mexican Revolution ◽  
Future Research ◽  
The Political ◽  
Economic Relations ◽  
Future Research Agenda ◽  
Current State ◽  
International Economic Relations ◽  
Economic Strategies ◽  
State Finance

AbstractThis essay evaluates the political economy of Mexico during the Porfirian period (1876–1911), with the aim of discussing advances in scholarship and presenting an outline of the elements for a future research agenda. To this end, the essay examines the current state of knowledge on four crucial aspects of the Mexican economy: growth and its dimensions; the state, finance and economic strategies; the construction and functioning of the internal market; and the international economic relations of Mexico during the first period of globalisation. In particular, it assesses the arguments that link features of Porfirian economic organisation with the outbreak of the Mexican Revolution in 1910.

Duterte’s Foreign Policy Pivot and Its Impact on Philippine Trade and Investments: An International Political Economy Perspective

2020 ◽  
Vol 41 (1-2) ◽  
pp. 127-160
Author(s):  
Jenny D. Balboa
Keyword(s):  
Political Economy ◽  
Foreign Policy ◽  
International Political Economy ◽  
The United States ◽  
The Philippines ◽  
The Political ◽  
The European Union ◽  
Economic Relations ◽  
The Impact ◽  
Trade And Investment

Abstract Since the Philippines elected President Rodrigo Duterte in 2016, the country’s foreign policy seems to have become more uncertain. President Duterte’s mercurial personality and antagonistic tirades against the country’s traditional Western allies, including the United States (US) and the European Union (EU), and his statements of building closer ties with China and Russia, had changed the political and diplomatic tone of the Philippines overall. Certainly, the political relationship between the Philippines and the West has been changed by Duterte’s strong remarks against the US and EU. Has this change spilled over to the economy? The paper presents an international political economy framework in examining the impact of Duterte’s foreign policy pivot to the country’s foreign economic relations, focusing on trade and investment. The paper argues that Duterte’s foreign policy shift is mainly shaped by Duterte’s “politics of survival”. Not firmly anchored in any idea, norms, or interest that can clearly benefit the country, Duterte is unable to provide coherent guidance and leadership on the foreign policy pivot, particularly on the economy. Duterte’s lack of guidance provided the technocrats with the policy space to continue the policies from the previous administration and not to divert radically from previous economic policies. The stability of the economic institutions provided a refuge in the period of uncertainty. As a result, the foreign economic relations of the Philippines has not radically shifted. The trade and investment situation of the Philippines remained stable, and economic relations with traditional partners are maintained.

scholarly journals Mill's ‘Modern’ Radicalism Re-Examined: Joseph Persky's The Political Economy of Progress

Utilitas ◽  
2019 ◽  
Vol 32 (2) ◽  
pp. 147-164 ◽  
Author(s):  
Helen McCabe
Keyword(s):  
Political Philosophy ◽  
Political Economy ◽  
Political Discourse ◽  
John Stuart Mill ◽  
The Political ◽  
Economic Relations ◽  
Specific Species

AbstractIn The Political Economy of Progress, Joseph Persky argues for seeing John Stuart Mill as a consistent ‘radical’ with much to offer modern ‘radical’ political discourse. In this article, I further this claim with consideration of Mill's political philosophy, as well as his political economy. Exploring Mill's commitment to radical reordering of the economy, as well as emphasizing his commitment to egalitarianism; his historically nuanced view of ‘the progress of justice’; and his desire for a transformation of social (and economic) relations allows us to see more clearly how Mill's radicalism was a specific species of socialism. That is, Mill's early radical enthusiasm for the ideals of ‘liberty, equality and fraternity’ is also to be seen in his later socialism. Recognizing his ‘radicalism’ as a species of socialism allows greater understanding of the depth, importance and ‘radicalism’ of Mill's desired socialist reforms.

From Geopolitics to Social and Political Struggle

2017 ◽  
Author(s):  
Dan Schiller
Keyword(s):  
Political Economy ◽  
Structural Changes ◽  
The Political ◽  
Political Struggle ◽  
Economic Relations ◽  
Digital Capitalism ◽  
Accumulation By Dispossession ◽  
Interstate System ◽  
Historical Movement ◽  
Political Economic

This chapter examines some of the larger forces that propelled digital capitalism into what was evidently a fraught future. It first considers how the historical movement of the political economy is shaped both within and beyond a top-down, state-oriented geopolitics before discussing how the onset of the digital depression brought changes to the interstate system, indicative of altering political–economic relations. It then describes attempts by numerous states to multilateralize control of U.S.-centric internet in relation to structural changes in the interstate system and to competing efforts to regenerate the political economy in ways that might capture an outsized share of overall profits for specific units of capital and particular fractions of the capitalist class. It also explains the concept of accumulation by dispossession and concludes with suggestions for resolving the digital depression on terms favorable to capital.

L'O.N.U., le Système economique international et la politique internationale

1975 ◽  
Vol 29 (2) ◽  
pp. 469-485 ◽  
Author(s):  
Daniel A. Holly
Keyword(s):  
International Economic ◽  
Political Economy ◽  
United Nations ◽  
International Organizations ◽  
International Politics ◽  
International System ◽  
The Political ◽  
Economic Relations ◽  
International Economic Relations ◽  
Traditional Approaches

Available data on the activities of the multinationals and other aspects of international economic relations have rendered traditional approaches to the study of international politics, international organizations and the international system obsolete. The political and economic facts of international life are so intertwined that it has become compulsory to resort to the findings of political economy to discuss the international system and its functions and to assess properly the role and functions of the United Nations within it.

J. W. WRIGHT, JR., ED., The Political Economy of Middle East Peace: The Impact of Competing Trade Agendas (London: Routledge, 1999). Pp. 288. $85.00 cloth.

2001 ◽  
Vol 33 (1) ◽  
pp. 141-143 ◽  
Author(s):  
EDWARD SAYRE
Keyword(s):  
Political Economy ◽  
Middle East ◽  
Middle Eastern ◽  
Peace Process ◽  
Careful Examination ◽  
The Political ◽  
Policy Makers ◽  
Economic Relations ◽  
Key Issues ◽  
The Impact

It is testimony to the sad state of the study of economics in the Middle East that a work such as The Political Economy of Middle East Peace: The Impact of Competing Trade Agendas, edited by J. W. Wright, Jr., could be produced. This collection of essays attempts to shed light on the relationship between international economic relations and the peace process. The sloppy scholarship included in this volume would be inexcusable when looking at any other region, but it appears to be acceptable when analyzing Middle Eastern economies. Although this description is not characteristic of all of the essays in the volume, it diminishes the overall quality of this work to such a degree that it detracts from the some of the more enlightening and important papers that are included. For example, Laura Drake's careful examination of “A New Middle East Order” in the first chapter lays out the potential stumbling blocks and hurdles as the process of normalization between Arab states and Israel continues. Unfortunately, the next chapter, by Wright, primarily examines the same topic but almost completely ignores relevant data and scholarship critical to his thesis. While some chapters examine key issues and analyze nuances in the political economy of the Middle East peace process, this uneven and incongruous group of essays is of little value to policy-makers, academics, or students of Middle Eastern political economy.

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