Robust Political Economy

Author : Mark Pennington
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 54,5 Mb
Release : 2011
Category : Classical school of economics
ISBN : 1845426215

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Robust Political Economy by Mark Pennington Pdf

This important book offers a comprehensive defence of classical liberalism against contemporary challenges. It sets out an analytical framework of 'robust political economy' that explores the economic and political problems that arise from the phenomena of imperfect knowledge and imperfect incentives. Using this framework, the book defends the classical liberal focus on markets and the minimal state from the critiques presented by 'market failure' economics and communitarian and egalitarian variants of political theory. Mark Pennington expertly applies the lessons learned from responding to these challenges in the context of contemporary discussions surrounding the welfare state, international development, and environmental protection. Written in an accessible style, this authoritative book would be useful for both undergraduate and graduate students of political economy and public policy as a standard reference work for classical liberal analysis and a defence of its normative prescriptions. The book's distinctive approach will ensure that academic practitioners of economics and political science, political theory and public policy will also find its controversial conclusions insightful. Contents: 1. Introduction: Classical Liberalism and Robust Political Economy; Part I: Challenges to Classical Liberalism; 2. Market Failures 'Old' and 'New': The Challenge of Neo-Classical Economics; 3. Exit, Voice and Communicative Rationality: The Challenge of Communitarianism I; 4. Exit, Trust and Social Capital: The Challenge of Communitarianism II; 5. Equality and Social Justice: The Challenge of Egalitarianism; Part II: Towards the Minimal State; 6. Poverty Relief and Public Services: Welfare State or Minimal State?; 7. Institutions and International Development: Global Governance or the Minimal State?; 8. Environmental Protection: Green Leviathan or the Minimal State?; 9. Conclusion; Bibliography; Index

Author : Jenna Bednar
Publisher : Cambridge University Press
Page : 245 pages
File Size : 42,5 Mb
Release : 2008-12-01
Category : Political Science
ISBN : 9781139474443

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The Robust Federation by Jenna Bednar Pdf

The Robust Federation offers a comprehensive approach to the study of federalism. Jenna Bednar demonstrates how complementary institutions maintain and adjust the distribution of authority between national and state governments. These authority boundaries matter - for defense, economic growth, and adequate political representation - and must be defended from opportunistic transgression. From Montesquieu to Madison, the legacy of early institutional analysis focuses attention on the value of competition between institutions, such as the policy moderation produced through separated powers. Bednar offers a reciprocal theory: in an effective constitutional system, institutions complement one another; each makes the others more powerful. Diverse but complementary safeguards - including the courts, political parties, and the people - cover different transgressions, punish to different extents, and fail under different circumstances. The analysis moves beyond equilibrium conceptions and explains how the rules that allocate authority are not fixed but shift gradually. Bednar's rich theoretical characterization of complementary institutions provides the first holistic account of federal robustness.

Author : Harold A. Innis
Publisher : University of Toronto Press
Page : 429 pages
File Size : 48,9 Mb
Release : 2018-11-23
Category : Social Science
ISBN : 9781487518912

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Political Economy in the Modern State by Harold A. Innis Pdf

Political Economy in the Modern State is Harold Innis’s transitional and, in some respects, his most transformative book. Completed in 1946, it is a collection of fifteen chapters plus a remarkable Preface selected and crafted to address four main themes: the problem of power and peace in the post-War era; the ascent of specialized and mechanized forms of knowledge involving, most particularly, the media, the state, and the academy; the crisis facing civilization and, more generally, the modern penchant for unreflexive short-term thinking in the face of mounting contradictions; and Innis’s growing focus on what would be called media bias. In this new edition, editors Robert E. Babe and Edward A. Comor provide not only a general introduction to Innis’s largely forgotten book but also dedicated introductions to each of its fifteen chapters and a comprehensive index. Together, Babe and Comor demonstrate how Innis’s volume reflects a shift in Innis’s focus, away from analytical relativism towards, instead, a reflexive search for objective truths.

Author : Jeffry A. Frieden
Publisher : Princeton University Press
Page : 316 pages
File Size : 41,9 Mb
Release : 2016-09-06
Category : Business & Economics
ISBN : 9780691173849

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Currency Politics by Jeffry A. Frieden Pdf

The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.

Author : Douglas A. Irwin
Publisher : Princeton University Press
Page : 256 pages
File Size : 54,9 Mb
Release : 2017-10-24
Category : Business & Economics
ISBN : 9781400888429

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Peddling Protectionism by Douglas A. Irwin Pdf

The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Featuring a new preface by the author, Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today.

Author : Lotta Moberg
Publisher : Taylor & Francis
Page : 205 pages
File Size : 50,8 Mb
Release : 2017-03-16
Category : Business & Economics
ISBN : 9781315298948

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The Political Economy of Special Economic Zones by Lotta Moberg Pdf

Did China solve the incentive problem? -- Did the Chinese SEZs lead to general reform? -- Chinese SEZs at their best -- Not a tool to avoid reforms -- Notes -- References -- 7. Dividing the Dominican Republic -- Did the Dominican Republic solve the knowledge problem? -- Did the Dominican Republic solve the incentive problem? -- Did the SEZs lead to general reform? -- How the SEZs helped the government avoid liberalization -- Why the Dominican SEZs persist -- Notes -- References -- PART III: The political economy of future SEZs -- 8. Implications for SEZ policy makers -- When to deal with the knowledge and incentive problems -- Meeting with the SEZ planners -- Notes -- References -- 9. The changing world of SEZs -- The role of the World Trade Organization -- Future threats -- The zones of the future -- Notes -- References -- Conclusion -- Index.

Author : Federica Carugati,Margaret Levi
Publisher : Cambridge University Press
Page : 151 pages
File Size : 42,5 Mb
Release : 2021-06-24
Category : Political Science
ISBN : 9781108873420

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A Moral Political Economy by Federica Carugati,Margaret Levi Pdf

Economies - and the government institutions that support them - reflect a moral and political choice, a choice we can make and remake. Since the dawn of industrialization and democratization in the late eighteenth century, there has been a succession of political economic frameworks, reflecting changes in technology, knowledge, trade, global connections, political power, and the expansion of citizenship. The challenges of today reveal the need for a new moral political economy that recognizes the politics in political economy. It also requires the redesign of our social, economic, and governing institutions based on assumptions about humans as social beings rather than narrow self-serving individualists. This Element makes some progress toward building a new moral political economy by offering both a theory of change and some principles for institutional (re)design.

Author : Paul Dragos Aligica,Peter J. Boettke,Vlad Tarko
Publisher : Oxford University Press, USA
Page : 281 pages
File Size : 53,7 Mb
Release : 2019-06-03
Category : Business & Economics
ISBN : 9780190267032

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Public Governance and the Classical-Liberal Perspective by Paul Dragos Aligica,Peter J. Boettke,Vlad Tarko Pdf

A distinctive perspective on governance: the building blocks -- Classical liberalism : delineating its theory of governance -- Function, structure, and process at the private-public interface -- Dynamic governance : the polycentrism process and knowledge processes -- Public choice and public administration : the confluence -- Public administration and public choice : charting the field -- Public choice, public administration, and self-governance : the Ostromian confluence -- Heterogeneity, coproduction, and polycentric governance : the Ostroms' public choice institutionalism revisited -- Framing the applied level : themes, issue areas, and cases -- Metropolitan governance : polycentric solutions for complex problems -- Independent regulatory agencies and their reform : an exercise in institutional imagination -- Polycentric stakeholder analysis : corporate governance and corporate social responsibility -- Conclusions: governance and public management : a vindication of the classical-liberal perspective?

Author : Randall G. Holcombe
Publisher : Cambridge University Press
Page : 305 pages
File Size : 51,6 Mb
Release : 2018-07-19
Category : Business & Economics
ISBN : 9781108471770

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Political Capitalism by Randall G. Holcombe Pdf

Explains why government policies favor elites over the masses, building on well-established theories from the social sciences.

Author : Dirk Bergemann,Stephen Morris
Publisher : World Scientific
Page : 471 pages
File Size : 40,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9789814374583

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Robust Mechanism Design by Dirk Bergemann,Stephen Morris Pdf

Foreword by Eric Maskin (Nobel Laureate in Economics, 2007)This volume brings together the collected contributions on the theme of robust mechanism design and robust implementation that Dirk Bergemann and Stephen Morris have been working on for the past decade. The collection is preceded by a comprehensive introductory essay, specifically written for this volume with the aim of providing the readers with an overview of the research agenda pursued in the collected papers.The introduction selectively presents the main results of the papers, and attempts to illustrate many of them in terms of a common and canonical example, namely a single unit auction with interdependent values. It is our hope that the use of this example facilitates the presentation of the results and that it brings the main insights within the context of an important economic mechanism, namely the generalized second price auction.

Author : Justin van der Merwe,Nicole Dodd
Publisher : Springer
Page : 216 pages
File Size : 54,7 Mb
Release : 2019-01-07
Category : Political Science
ISBN : 9783030050962

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The Political Economy of Underdevelopment in the Global South by Justin van der Merwe,Nicole Dodd Pdf

This book presents a new theory explaining underdevelopment in the global South and tests whether financial inputs, the government-business-media (GBM) complex and spatiotemporal influences drive human development. Despite the entrance of emerging powers and new forms of aid, trade and investment, international political-economic practices still support well-established systems of capital accumulation, to the detriment of the global South. Global asymmetrical accumulation is maintained by ‘affective’ (consent-forming hegemonic practices) and ‘infrastructural’ (uneven economic exchanges) labours and by power networks. The message for developing countries is that ‘robust’ GBMs can facilitate human development and development is constrained by spatiotemporal limitations. This work theorizes that aid and foreign direct investment should be viewed with caution and that in the global South these investments should not automatically be assumed to be drivers of development.

Author : Lotta Moberg
Publisher : Unknown
Page : 34 pages
File Size : 41,6 Mb
Release : 2014
Category : Electronic
ISBN : OCLC:1308948862

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The Political Economy of Special Economic Zones by Lotta Moberg Pdf

This paper is a first attempt to apply a robust political economy framework to explain when Special Economic Zones (SEZs) can contribute to economic development. A robust political economy is one that channels the actions of self-interested individuals with limited information to promote economic progress. In the right institutional context, SEZs tend to promote economic growth. In the wrong institutional context, they can cause resource misallocation and rent-seeking. Policy makers introducing SEZs must overcome the knowledge problem to avoid misdirected economic planning. Yet, the scheme can only fulfill its purpose if it also prevents destructive rent-seeking behavior, both from businesses and from government authorities. The political economy framework of SEZs can be applied to judge their potential efficacy, something that orthodox studies of country features such as natural resources, infrastructure and zone location fail to do. The Indian and Chinese experiences with SEZs illustrate these points.

Author : Thomas Hodgskin
Publisher : Unknown
Page : 318 pages
File Size : 43,9 Mb
Release : 1827
Category : Economics
ISBN : HARVARD:32044024174088

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Popular Political Economy by Thomas Hodgskin Pdf

Author : Hannu Nurmi
Publisher : Routledge
Page : 224 pages
File Size : 50,8 Mb
Release : 2006-10-13
Category : Business & Economics
ISBN : 9781134338627

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Models of Political Economy by Hannu Nurmi Pdf

Models of Political Economy will introduce students to the basic methodology of political economics. It covers all core theories as well as new developments including: decision theory game theory mechanism design games of asymmetric information. Hannu Nurmi's text will prove to be invaluable to all students who wish to understand this increasingly technical field.

Author : Peter A. Hall,David W. Soskice
Publisher : Oxford University Press
Page : 557 pages
File Size : 43,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780199247745

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Varieties of Capitalism by Peter A. Hall,David W. Soskice Pdf

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.