The Economic Limits To Modern Politics

Studies the impact of the economic dimension on political issues and decision making.

The economy is commonly described either as the apolitical realm of calculation or as the fully political one of domination. This book scrutinizes the ways in which the economy is performed, in order to situate where precisely politics is located with regard to economic matters. Politics, the book demonstrates, thus appears at the turning point, in the place where the efficiency of economics is negotiated and where the need to forward it, reshape it, and complement it emerges. This book was originally published as a special issue of the Journal of Cultural Economy.

The 1st part of the volume engages with the theme of inclusion and exclusion in the history of ideas from different perspectives. The 2nd part of the volume discusses debates on natural law, human nature and political economy in early-modern Europe. Its contributions explore the sorts of political and moral visions that were relevant in post-Hobbesian moral philosophy and the development of economic thought.

A collection of essays on the politics of boundaries, this book addresses a broad range of cases, some geographical, some legal, and some involving less tangible practices of inclusion and exclusion. The book begins by exploring the boundary between modern Western forms of international relations and their constitutive outsides. Beyond this, the author engages with relations between subjectivity and security, security and nature, social movements and a world politics, as well as the politics of spatiotemporal dislocation. Two chapters address the work of Thomas Hobbes and Max Weber as exemplary accounts of the relationship between boundaries and the constitution of modern forms of politics. Each chapter speaks not only to the politics of specific boundary practices, but also to the limits within which modern politics has been shaped in relation to claims about spatiality, temporality, sovereignty and subjectivity. In this way, the book draws attention to a pervasive account of a scalar order of higher and lower that has shaped more familiar distinctions between internality and externality. Offering an analysis of the relation between concepts of internationalism, imperialism and exceptionalism, as well as the implications of spatiotemporal dislocation for claims about democracy, the book links contemporary claims about the transformation of boundaries to various ways in which political life is said to be in crisis and in need of novel forms of critique. Brought up to date by a new and extensive introductory essay and an assessment of the status of political judgement after 9/11, this book is essential reading for students and scholars of politics, international relations, political theory and political sociology.

It’s difficult to overstate the impact of conservative economics on American life. The conservative thought of economists like Milton Friedman, James Buchanan, and Friedrick Hayek has provided the conceptual framework that undergirds nearly every aspect of current U.S. social-economic policy. Although a great deal has been written about the economic theories of these Nobel Pirze-winning economists, this study is the first to examine the political theory that underlies conservative economics and its implications for public policy. Long associated with the “Chicago” and “public choice” schools of thought, Friedman, Buchanan, Hayek, and others have consistently repudiated Keynesian principles. They have steadfastly opposed social welfare policies and regulation of private enterprise, championing instead the free market as a mechanism for ordering society. In this book Conrad Waligorski analyzes the political content of the conservative economists’ arguments. In so doing, he illuminates the political, economic, and philosophical ideas behind and justification for the laissez-faire policy—the reduced regulation, intervention, and welfare favored by conservative governments in the United States, Canada, and Britain.