The Cultural And Political Economy Of Recovery

How do societies achieve a level of complexity, coordination, and social intelligence that far surpasses the capacity of individual human intelligence? Emily Chamlee-Wright addresses this question in the context of civil society generally, in which we cannot always rely on market prices to guide our way.

This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical s

This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical studies in political economy, illuminating its role in critiquing the specific categories, contradictions and crisis-tendencies of capitalism.

Italy is a country of recent decline and long-standing idiosyncratic traits. A rich society served by an advanced manufacturing economy, where the rule of law is weak and political accountability low, it has long been in downward spiral alimented by corruption and clientelism. From this spiral has emerged an equilibrium as consistent as it is inefficient, that raises serious obstacles to economic and democratic development. The Political Economy of Italy's Decline explains the causes of Italy's downward trajectory, and explains how the country can shift to a fairer and more efficient system. Analysing both political economic literature and the history of Italy from 1861 onwards, The Political Economy of Italy's Decline argues that the deeper roots of the decline lie in the political economy of growth. It places emphasis on the country's convergence to the productivity frontier and the evolution of its social order and institutions to illuminate the origins and evolution of the current constraints to growth, using institutional economics and Schumpeterian growth theory to support its findings. It analyses two alternative reactions to the insufficient provision of public goods: an opportunistic one – employing tax evasion, corruption, or clientelism as means to appropriate private goods –- and one based on enforcing political accountability. From the perspective of ordinary citizens and firms such social dilemmas can typically be modelled as coordination games, which have multiple equilibria. Self-interested rationality can thus lead to a spiral, in which several mutually reinforcing vicious circles lead society onto an inefficient equilibrium characterized by low political accountability and weak rule of law. The Political Economy of Italy's Decline follows the gradual setting in of this spiral as it identifys the deeper causes of Italy's decline.

This ethnographic account of long-term recovery in post-Katrina New Orleans provides a sobering look at the fallout from the privatization of vital social services under neoliberal, or market-driven, governance.

Volume 19 includes research by scholars working within Austrian political economy. The contributors shed incisive light on a range of topics in Austrian economics including: the role of culture in post-disaster recovery, class structure, decentralized political orders, drones, institutional change, macroeconomics, and superstition and norms.

Critical Methods in Political and Cultural Economy offers students and scholars the first methods book for the critical school of International Political Economy (IPE). What does it mean to ‘do’ critical research? How do we write about the evidence we present? This volume explores our shared critical ethic to demonstrate how methods are transformative and reimagines research strategies as both an embodied practice and a social process. By presenting methodologically informed ways of researching, enriched by real-life accounts from academics doing empirical research, the volume seeks to forge a new collaborative path that builds a critical ethic and modes of inquiry within International Political Economy. Substantive chapters advance the pluralism of the critical school of cultural political economy and seek to articulate its nascent research ethic. Short autobiographical vignettes articulate the professional journeys of contributors who ‘do’ critical political economy. There is practical advice on how to develop evidence from an iterative reflexive research strategy. Using this innovative format offers a guide to methods in critical political economy by engaging directly with the people doing research, not only as technical practice but also as lived experience. The combination of research and practice presented throughout the book offers an extensive and authoritative framework for evaluating how methods are part of critical research and will be essential reading for all students and scholars of IPE.