The Political Economy of the Other World

2017 ◽  
pp. 28-60
Author(s):  
Benjamin F. Timms
Author(s):  
Itir Ozer-Imer ◽  
Derya Guler Aydin

In the modern period, there are two concerns regarding the nature of the market. One is associated with market structures that involve solely the economic sphere and exclude all other factors including historical, social, and institutional ones. Hence, it conducts a static analysis, while the other relates the market process with all the aforementioned factors in addition to the economic ones, and therefore, combines economic and non-economic spheres, and the analysis becomes dynamic. This chapter scrutinizes the conceptualization of the market; that is whether the market is considered as a “structure” or a “process”. With this consideration, authors relate the conceptualization of the market with the type of competition. When the market is regarded as a “process”, it is possible to claim that market becomes an “institution”. Thus, by taking the market as an institution and considering competition within a dynamic framework, the emergent economic theoretical structure provides an in-depth, comprehensive, analytical, and novel approach to real economic and social concerns.


Author(s):  
Begum Sertyesilisik

Green innovations are important in enhancing sustainability performance of the industries and of their outputs. They can influence the carbon emissions, energy efficiency of the industries affecting global green trade, and energy policies. Construction industry is one of the main industries contributing to the global economy and sustainable development. It has, however, bigger environmental footprint than majority of the other industries. Green innovations can contribute to the reduction in the environmental footprint of the construction industry. For this reason, green innovation in the construction industry needs to be supported by the effective policies. This chapter aims to introduce and investigate the political economy of the green innovations in the construction industry. This chapter emphasizes that the effectiveness of the green innovations in the construction industry can be fostered by effective political economy and strategies.


2017 ◽  
Vol 42 (3) ◽  
pp. 146-165 ◽  
Author(s):  
Anwesha Dutta ◽  
Bert Suykens

This article seeks to comprehend the way the illegal timber economy in the Bodoland Territorial Autonomous Council (BTAD) in Assam is integrated within a constellation of power and authority. Based on over ten months of ethnographic field research, our analysis shows that the timber trade is indeed characterized by what can be conceptualized as an excess of sovereignty. However, a burdened agency is still exercised by those in the timber trade. Moreover, the authority structure consisting of state, rebel and non-armed actors do not directly engage violently in the trade, but are more interested in taxation, governance, or indeed wildlife protection, showing the other side of this multiple authoruty structure. As the article shows, different ethnic groups, which are often thought to be diametrically opposed to each other, collaborate in the local timber commodity chain. However, these collaborations are characterized by highly unequal relations of exchange. As we argue, those that have preferential access to the authority structure can use this to dictate the terms of interaction. Finally, while the timber economy is usually characterized by the operation of the constellation of power and authority, there are interstitial moments where the (violent) interactions among the actors embeded in the structure weaken the direct territorial control by them. As a result, times of violence are often also those in which the trade can flourish.


1989 ◽  
Vol 3 (4) ◽  
pp. 119-135 ◽  
Author(s):  
Robert E Baldwin

International trade seems to be a subject where the advice of economists is routinely disregarded. Economists are nearly unanimous in their general opposition to protectionism, but the increase in U.S. protection in recent years in such sectors as automobiles, steel, textiles and apparel, machine tools, footwear and semiconductors demonstrates that economists lack political influence on trade policy. Two broad approaches have been developed to analyze the political economics of trade policy and the processes that generate protectionism. One approach emphasizes the economic self-interest of the political participants, while the other stresses the importance of the broad social concerns of voters and public officials. This paper outlines the nature of the two approaches, indicating how they can explain the above anomalies and other trade policy behavior, and concludes with observations about integrating the two frameworks, conducting further research, and making policy based on the analysis.


Author(s):  
Emilios Christodoulidis ◽  
Johan van der Walt

This chapter traces the tradition of critical theory in Europe in the way it has informed and framed legal thought. A key, and distinctive, element of this legal tradition is that it characteristically connects to the state as constitutive reference; in other words it understands the institution of law as that which organizes and mediates the relation of the state to civil society. The other constitutive reference is political economy, a reference that typically grounds this tradition of thinking about the law in the materiality of the practices of social production and reproduction. It is in these connections, of the institution of law to the domains of the state and of the political economy, that critical legal theory locates the function of law, and the emancipatory potentially it affords on the one hand, and the obstacles to emancipation it imposes, on the other.


2009 ◽  
Vol 41 (3) ◽  
pp. 375-395 ◽  
Author(s):  
Michael Herb

Not long ago, two safe generalizations could be made about the Gulf monarchies: ruling families dominated their politics, and oil dominated their economies. In recent years that has begun to change. In Kuwait the parliament challenges the political predominance of the ruling family. Meanwhile, Dubai and, increasingly, the other emirates of the United Arab Emirates (UAE) have made real progress in diversifying their economies away from oil—at least until the recent economic crisis. Yet political liberalization and economic diversification have not gone hand in hand: Kuwait's economy remains dependent on oil, and the United Arab Emirates remains resolutely authoritarian. This is no accident. Kuwait's high level of political participation encourages its dependence on oil while the UAE's economic diversification requires a lack of political participation by citizens. The reasons for this are specific to the peculiar political economy of these labor markets: in these richest of rentier-states, there is little need for the class compromise between capitalists and workers on which capitalist democracy usually rests.


2016 ◽  
Vol 15 (3) ◽  
pp. 826-843
Author(s):  
John Charney

This article claims that the relevance of the ‘truth argument’ to free speech theory is based on an illusion. According to some critical perspectives this illusion consists in the false belief that a free press is a proper means for the mediation of social reality. The Critique of the Political Economy of the Press attributes it to the modes of production of the press in capitalist systems. Some cultural theorists, on the other hand, claim that the press cannot adequately represent reality because reality is non-representable. Building upon but superseding these approaches, this article affirms that the illusion of the free press is not merely a false idea of what the press really is. The illusion is – in contrast – an epistemological necessity: we need the illusion of a free press in order to retain the belief of a correspondence between the world that appears through the press and that same world as it is in itself.


1976 ◽  
Vol 8 (1) ◽  
pp. 53-71 ◽  
Author(s):  
E. V. K. Fitzgerald

Any attempt to define the changes in the Peruvian political economy that have taken place since 1968 1 must be made in terms of the relationship between the state and domestic capital on the one hand and foreign capital on the other, and must offer an explanation of the way in which this military- controlled state has tended to replace the former and establish a new relationship with the latter. In particular, the confrontation between the government and foreign capital, and the significance of internal ownership reforms cannot be understood without reference to the development of Peruvian capitalism before 1968.


2009 ◽  
Vol 26 (2) ◽  
pp. 134-142
Author(s):  
Emad El-Din Aysha

Lawrence E. Harrison pins the blame forArab-Islamic underdevelopment ona set of cultural dysfunctions. Among those that interest me are “submissivecollectivism rather than individualism” and the hostility to ‘innovation,’‘change,’ and ‘dissent’; “isolationism” not just toward non-Muslims but eveninternally, placing an “emphasis on family, clan and ethnic cohesion ratherthan broader relationships”; and “clerical interpretations ... that have ... transmittedfatalistic dogma, ... permitted adoption of scientific and technologicaladvances from outside but closed the door to the liberalizing cultural forcesthat made these advances possible.”1Well, the Saudis do “believe that oil was a gift from Allah ... It was areward for their devout belief ... Ever thankful, they see no reason to deny theteachings of theKoran.”As for importing western know-howwithout the valuesthat come with it, the Saudis also believe that “God has given them oilwealth which is to be translated into money as a means by which they can modernize. But one should never interfere with the other”2 – as if one can buya television set without the manual that tells you how to use it ...


Africa ◽  
1979 ◽  
Vol 49 (3) ◽  
pp. 316-328 ◽  
Author(s):  
Nicholas S. Hopkins

IntroductionThis paper examines the role of the small urban center in promoting rural development through an analysis of two cases, one West African and the other North African. Kita (Mali) and Testour (Tunisia) are approximately the same size, have something of an urban atmosphere in contrast to their surrounding countryside, and play a roughly analogous role within the political economy of their nations. Both were in single-party states at the time of research; had had French colonialism for about the same period; and have modern institutions that owe something to the French pattern. Both have experienced attempts to build socialism.


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