the american political economy institutional evolution of market and state

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The American Political Economy

Author : Marc Allen Eisner
ISBN : 9781134612802
Genre : Political Science
File Size : 89. 87 MB
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Policy debates are often grounded within the conceptual confines of a state-market dichotomy, as though the two existed in complete isolation. In this innovative text, Marc Allen Eisner portrays the state and the market as inextricably linked, exploring the variety of institutions subsumed by the market and the role that the state plays in creating the institutional foundations of economic activity. Through a historical approach, Eisner situates the study of American political economy within a larger evolutionary-institutional framework that integrates perspectives in American political development and economic sociology. This volume provides a rich understanding of the complexity of U.S. economic policy, explaining how public policies become embedded in bureaucracy and reinforced by organized beneficiaries and public expectations. This path-dependent layering process helps students better understand the underlying historical dynamics, which provide a clearer sense of the constraints faced by policymakers now and in the future. The revisions to the second edition include: Complete rewrite of the chapter on the recent financial crisis, adding in commentary on the debt ceiling, the fiscal cliff, and other recent events. New material added and existing material updated in the chapter discussing the two welfare states. Extensive updates to the coverage of the global economy Expanded and updated discussion of Obama’s economic policies. Updates to figures and data throughout the text.

The Political Economy Of Public Administration

Author : Murray J. Horn
ISBN : 0521484367
Genre : Political Science
File Size : 90. 45 MB
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This book uses a transactions cost approach to explain the key institutional characteristics across the public sector. It defines the distinctive governance, financing and employment arrangements that characterize the common forms of public sector organization: the regulatory commission, the executive tax-financed bureau and the state-owned enterprise. It suggests why these forms are used to perform different administrative functions, and why legislators often leave very important decisions to be resolved at the administrative level.

Governing The Commons

Author : Elinor Ostrom
ISBN : 9781107569782
Genre : Political Science
File Size : 66. 75 MB
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Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.

The Evolution Of Institutional Economics

Author : Geoffrey Martin Hodgson
ISBN : 0415322537
Genre : Business & Economics
File Size : 80. 55 MB
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This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

Supranational Political Economy

Author : Guido Montani
ISBN : 9781317235859
Genre : Business & Economics
File Size : 72. 19 MB
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With the ending of the Cold War and the rise of a nationalistic ‘America First’ strategy, the post-war liberal international order, based upon the hegemonic power of the USA, is fading away. In its place, a multipolar world is emerging which, while offering some the hope of a better future, is also open to disorder and instability. This book offers an insight into the relationship between politics and economics in this new era. As an alternative, this volume argues for a form of global governance that will offer a better balance between politics and economics, based on a supranational approach. A supranational approach in which world powers and UN member states can work in agreement would follow the principle on which European political and economic integration was built. The system put forward here is based on a Keynesian world clearing union and a reform of the World Trade Organization and a United Nations budget, which would accelerate the convergence of rich and poor countries in the aim of a more sustainable global system. This book demonstrates that globalisations and today’s ecological challenges are both a cause of social discontent and an opportunity. Supranational institutions can greatly increase our ability to address global risks, and this book shows how a 'supranational' world order could reduce the uncertainty of the transition from the post-war order to the future multipolar order. The supranational principle enables us to view globalisation, world capitalism and the ecological crisis not only as causes of inequality, poverty and social instability, but also as processes that can be governed. Wise politicians and political parties cannot let the future of humanity be decided by the precarious equilibrium of the Westphalia system. In post-war Europe a group of nation states, once fierce enemies, embarked on a process of integration which led to the abolition of inter-European national borders. With supranational global governance, the same could be achieved in the global system.

Comparative Political Economy

Author : Georg Menz
ISBN : 9780192537171
Genre : Political Science
File Size : 73. 52 MB
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This new and comprehensive volume covering the subfield of comparative political economy provides a detailed overview over its intellectual roots, clarifies its contents, and introduces the readers to key debates while identifying new and exciting avenues for future research. Ideas, interests, and institutions have traditionally been the main focus points of this field, but the volume argues that culture provides an additional and often neglected area, providing the 'glue' that keeps national models of capitalism hanging together. The volume also develops pathways beyond the varieties of capitalism paradigm. Building on a thorough and rigorous review of comparative capitalisms and a synthesis of the research strands that have built the bedrock of this subfield, Comparative Political Economy explores the individual components of national models of capitalism and argues that these elements deserve closer scrutiny. Their permutations have been considerable over the past thirty years, and their study permits valuable insights both empirically and theoretically. The empirical coverage of the book includes chapters covering industrial relations, labour markets, systems of education and training, finance, welfare state, and debt. In the conclusion, research pathways forward are identified and the impact of energy security issues and environmental factors on the study of comparative capitalisms will be assessed.

Institutions Institutional Change And Economic Performance

Author : Douglass C. North
ISBN : 9781139642965
Genre : Political Science
File Size : 54. 46 MB
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Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)

Politics In Hard Times

Author : Peter Alexis Gourevitch
ISBN : 0801494362
Genre : Political Science
File Size : 69. 24 MB
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A Theory Of The State

Author : Yoram Barzel
ISBN : 0521000645
Genre : Political Science
File Size : 87. 85 MB
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The Emergence of Protection and Third-Party Enforcement; The State and the Enforcement of Agreements; Third-Party Enforcement and the State; The Choice among Enforcement Forms; Anonymous Exchange, Mixed Enforcement, and Vertical Integration; Jurisdictional Issues; Collective Action and Collective Decisions; Tying the Protector's Hands: The Agreement between Subjects and Protector; The Emergence of Legal Institutions Legal Rights; The State's Enhancement of Market Trade; The Size and Scope of the State; The Character of the State Merger and Local Autonomy; The Distinction between "Legitima te" and "Criminal" States; Power, Violent Conflict, and Political Evolution; The time parth of change under dictatorships and under Rule-of-Law Regimes; Recapitulation and an Epilogue.

The Price Of Wealth

Author : Kiren Aziz Chaudhry
ISBN : 9781501700330
Genre : Political Science
File Size : 67. 65 MB
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The emerging consensus that institutions shape political and economic outcomes has produced few theories of institutional change and no defensible theory of institutional origination. Kiren Aziz Chaudhry shows how state and market institutions are created and transformed in Saudi Arabia and Yemen, two countries that typify labor and oil exporters in the developing worlds. In a world where the international economy dramatically affects domestic developments, the question of where institutions come from becomes at once more urgent and more complex. In both Saudi Arabia and Yemen, fundamental state and market institutions forged during a period of isolation at the end of World War I were destroyed and reshaped not once but three times in response to exogenous shocks. Comparing boom-bust cycles, Chaudhry exposes the alternating social and organizational origins of institutions, arguing that both broad changes in the international economy and specific forms of international integration shape institutional outcomes. Labor and oil exporters thus experience identical economic cycles but generate radically different state, market, and financial institutions in response to different resource flows. Chaudhry supplemented years of field work in Saudi Arabia and Yemen with extensive analysis of previously unavailable materials in the Saudi national archives.

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