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The Political Power of Economic Ideas

Released on 2020-11-10
The Political Power of Economic Ideas

Author: Peter A. Hall

Publisher: Princeton University Press

ISBN: 9780691221380

Category: Business & Economics

Page:

View: 104

John Maynard Keynes once observed that the "ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood." The contributors to this volume take that assertion seriously. In a full-scale study of the impact of Keynesian doctrines across nations, their essays trace the reception accorded Keynesian ideas, initially during the 1930s and then in the years after World War II, in a wide range of nations, including Britain, the United States, France, Germany, Italy, Japan, and Scandinavia. The contributors review the latest historical evidence to explain why some nations embraced Keynesian policies while others did not. At a time of growing interest in comparative public policy-making, they examine the central issue of how and why particular ideas acquire influence over policy and politics. Based on three years of collaborative research for the Social Science Research Council, the volume takes up central themes in contemporary economics, political science, and history. The contributors are Christopher S. Allen, Marcello de Cecco, Peter Alexis Gourevitch, Eleanor M. Hadley, Peter A. Hall, Albert O. Hirschman, Harold James, Bradford A. Lee, Jukka Pekkarinen, Pierre Rosanvallon, Walter S. Salant, Margaret Weir, and Donald Winch.

Soviet Economic Thought and Political Power in the USSR

Released on 2016-01-26
Soviet Economic Thought and Political Power in the USSR

Author: Aron Katsenelinboigen

Publisher: Elsevier

ISBN: 9781483154688

Category: Business & Economics

Page: 228

View: 861

Soviet Economic Thought and Political Power in the USSR examines the evolution of economic theory in the Soviet Union from uniformity under Josef Stalin to diversity in the post-Stalin period. The reasons for uniformity and diversity in Soviet economics are analyzed, along with the structure of this diversity, the paradoxes in its development, and the conditions under which it will continue. The connection between leaders of Soviet economics and the Communist Party rulers is also discussed. Emphasis is placed on one of the principal trends in Soviet economics in the post-Stalin period: mathematical economics. This book is comprised of six chapters and begins with a discussion on the development of the economic-mathematical trend in the USSR. The social environment in the Soviet Union is examined in macro terms, along with the role of various mutations among the economists and the institutionalization of such mutations, especially in the framework of the existing research institutes and universities. The book also considers the attitudes of various factions of economists such as reactionaries, conservatives, and modernizers toward the question of the limitation of the leaders' power and toward some areas of economics, such as problems of mathematical modeling and institutional economics, and toward the Marxist ideology. The final chapter highlights the confusing struggle among the various trends in Soviet economics and the ways in which this struggle is supported by the country's political leaders. This monograph will be of interest to economists, political scientists, politicians, and economic policymakers.

The Political Power of Bad Ideas

Released on 2010-03-24
The Political Power of Bad Ideas

Author: Mark Lawrence Schrad

Publisher: Oxford University Press

ISBN: 0199742359

Category: Political Science

Page: 320

View: 247

In The Political Power of Bad Ideas, Mark Schrad uses one of the greatest oddities of modern history--the broad diffusion throughout the Western world of alcohol-control legislation in the early twentieth century--to make a powerful argument about how bad policy ideas achieve international success. His could an idea that was widely recognized by experts as bad before adoption, and which ultimately failed everywhere, come to be adopted throughout the world? To answer the question, Schrad utilizes an institutionalist approach and focuses in particular on the United States, Sweden, and Russia/the USSR. Conventional wisdom, based largely on the U.S. experience, blames evangelical zealots for the success of the temperance movement. Yet as Schrad shows, ten countries, along with numerous colonial possessions, enacted prohibition laws. In virtually every case, the consequences were disastrous, and in every country the law was ultimately repealed. Schrad concentrates on the dynamic interaction of ideas and political institutions, tracing the process through which concepts of dubious merit gain momentum and achieve credibility as they wend their way through institutional structures. He also shows that national policy and institutional environments count: the policy may have been broadly adopted, but countries dealt with the issue in different ways. While The Political Power of Bad Ideas focuses on one legendary episode, its argument about how and why bad policies achieve legitimacy applies far more broadly. It also extends beyond the simplistic notion that "ideas matter" to show how they influence institutional contexts and interact with a nation's political actors, institutions, and policy dynamics.

Economic Ideas in Political Time

Released on 2016-07-14
Economic Ideas in Political Time

Author: Wesley W. Widmaier

Publisher: Cambridge University Press

ISBN: 9781316790977

Category: Political Science

Page:

View: 814

Over the past century, the rise and fall of economic policy orders has been shaped by a paradox, as intellectual and institutional stability have repeatedly caused market instability and crisis. To highlight such dynamics, this volume offers a theory of economic ideas in political time. The author counters paradigmatic and institutionalist views of ideas as enabling self-reinforcing path dependencies, offering an alternative social psychological argument that ideas which initially reduce uncertainty can subsequently fuel misplaced certainty and crises. Historically, the book then traces the development and decline of the progressive, Keynesian, and neoliberal orders, arguing that each order's principled foundations were gradually displaced by macroeconomic models that obscured new causes of the Great Depression, Great Stagflation, and Global Financial Crisis. Finally, in policy terms, Widmaier stresses the costs of intellectual autonomy, as efforts to 'prevent the last crisis' have repeatedly obscured new causes of crises.

Political Power and Social Theory

Released on 2010-12-07
Political Power and Social Theory

Author: Julian Go

Publisher: Emerald Group Publishing

ISBN: 9780857243256

Category: Political Science

Page: 348

View: 299

Helps in advancing our interdisciplinary, critical understanding of the linkages between social relations, political power, and historical development. This title contains a section on the politics of the 'new middle class' in the global south and post-socialist societies.

Political Research Quarterly

Released on 2003
Political Research Quarterly

Author:

Publisher:

ISBN: UOM:39076002384373

Category: Electronic journals

Page:

View: 709

Ideas and Economic Policy in Latin America

Released on 1998
Ideas and Economic Policy in Latin America

Author: Anil Hira

Publisher: Greenwood Publishing Group

ISBN: 0275962695

Category: Business & Economics

Page: 204

View: 959

How are the economic policies which developing countries adopt selected and how do they change? Who are the key players in economic development policies? Professor Anil Hira answers these questions head on by suggesting new ways of looking at how ideas affect economic policy. Through concrete case studies of networks in Latin America, he analyzes how ideas are introduced and why certain ones "win out" in the economic policy process. The cohort groups who create economic policies are the key figures in this book. These characters are shown to extend beyond Latin America to countries as diverse as Indonesia and Egypt.

The Dissemination of Economic Ideas

Released on 2011
The Dissemination of Economic Ideas

Author: Heinz-Dieter Kurz

Publisher: Edward Elgar Publishing

ISBN: 9780857935588

Category: Business & Economics

Page: 392

View: 750

This highly illuminating book marks a significant stage in our growing understanding of how the development of national traditions of economic thought has been affected by both internal and external factors. The expert contributors set an explicit agenda for the study of the dissemination of economic ideas across four centuries, acknowledging that the history of dissemination is also a history of the flux of economic beliefs, rendering any generalisation difficult, if not impossible. Topics explored include systems of political economy, European and American interactions, the diffusion of economic ideas in South-Eastern Europe and beyond, and the exchange of ideas between Japan and the rest of the world. This book will prove a fascinating and stimulating read for scholars and researchers in the field of economics generally, and more specifically in heterodox economics, the history of economic thought and economic theory.

Economic Liberalism and Its Rivals

Released on 2009-02-02
Economic Liberalism and Its Rivals

Author: Keith A. Darden

Publisher: Cambridge University Press

ISBN: 9780521866538

Category: Political Science

Page: 367

View: 252

Darden traces the decisions that shaped the entry of post-Soviet states into the world economy.

The Political Economy of Global Capitalism and Crisis

Released on 2014-03-21
The Political Economy of Global Capitalism and Crisis

Author: Bill Dunn

Publisher: Routledge

ISBN: 9781317751281

Category: Political Science

Page: 188

View: 803

The book provides a theoretically and historically informed analysis of the global economic crisis. It makes original contributions to theories of value, of crisis and of the state and uses these to develop a rich empirical study of the changing character of capitalism in the twentieth century and beyond. It defends, uses and develops Marxist theory while arguing particularly against jumping too quickly from abstract concepts to a concrete understanding of the crisis. Instead, it uses what Marx described in his notebooks as an ‘obvious’ analytical ordering to progress from a general analysis of economy and society to a discussion of recent economic transformations and the specifics of the crisis and its aftermath.Dunn argues that appropriately reconceived, a critical Marxism can incorporate and enrich rather than rejecting insights from other traditions. He disputes general characterisations of capitalism to the crisis and theories which see finance and the contemporary financial crises as largely detached from other aspects of the economy and society. Providing a thoroughly socialised and historically based account, this book will be vital reading for students and scholars of political economy, international political economy, Marxism, sociology, geography and development studies.

The Politics of Economic and Monetary Union

Released on 2012-12-06
The Politics of Economic and Monetary Union

Author: Petri Minkkinen

Publisher: Springer Science & Business Media

ISBN: 9781461560852

Category: Business & Economics

Page: 250

View: 366

If the plans concerning EMU will be realised, by 2002 national currencies will be replaced by the Euro and national central banks will be partially replaced by the European Central Bank. The Politics of Economic and Monetary Union starts with the argument that EMU is more a political than an economic project. It develops this theme by addressing five different questions. First, precisely what is the general role of EMU in the globalising political economy? Second, how EMU will change the power relations and the relationship between `political' and `economic'? Third, what effects will EMU have on generally accepted values - including for example efficiency, self-determination, and democracy? Fourth, how does the EMU-related politics of symbols - including money - take part in constructing political identities? And last, but certainly not least, what effects EMU will have on the social and political dimension of the Union and thus also on its legitimacy? The politics of EMU includes many dimensions. The book tries to explain the hegemony of the neoliberal and German vision of Europe in the context of recent development in the global political economy. It assesses the consequences of this hegemony and the possibility for alternatives from a variety of perspectives. In many chapters, it is also argued that the legitimation problems of the Union may turn into an acute crisis also because of EMU. We should expect an actualised crisis to lead to a transformation of the Union.

The Paradox of Fiscal Austerity

Released on 2019-12-12
The Paradox of Fiscal Austerity

Author: Velez-Hagan Justin

Publisher:

ISBN: 9781498571944

Category:

Page: 223

View: 798

If governments followed the optimal fiscal policy path, surpluses in good times would counter necessary deficits during economic downturns, leading to worldwide balance. The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more indebted future. When financial crises kicked off a global recession in 2008, the spotlight placed on countries' fiscal conditions put pressure on policymakers around the globe to find a way to slow the growth of deficits and debt by imposing fiscal consolidations (or, more simply, austerity). How have these policies fared across the developed world? Were they even necessary to begin with? This book examines the many factors that have contributed to the success (or failure) of such policies, including timing, magnitude, accompanying policies, composition, and more, while explaining the economic rationale behind their choices.

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