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Author: William D. Ferguson
Publisher: Stanford University Press
ISBN: 1503611973
Category : Business & Economics
Languages : en
Pages : 331
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Book Description
This book examines how a society that is trapped in stagnation might initiate and sustain economic and political development. In this context, progress requires the reform of existing arrangements, along with the complementary evolution of informal institutions. It involves enhancing state capacity, balancing broad avenues for political input, and limiting concentrated private and public power. This juggling act can only be accomplished by resolving collective-action problems (CAPs), which arise when individuals pursue interests that generate undesirable outcomes for society at large. Merging and extending key perspectives on CAPs, inequality, and development, this book constructs a flexible framework to investigate these complex issues. By probing four basic hypotheses related to knowledge production, distribution, power, and innovation, William D. Ferguson offers an analytical foundation for comparing and evaluating approaches to development policy. Navigating the theoretical terrain that lies between simplistic hierarchies of causality and idiosyncratic case studies, this book promises an analytical lens for examining the interactions between inequality and development. Scholars and researchers across economic development and political economy will find it to be a highly useful guide.
Author: William D. Ferguson
Publisher: Stanford University Press
ISBN: 1503611973
Category : Business & Economics
Languages : en
Pages : 331
Get Book Here
Book Description
This book examines how a society that is trapped in stagnation might initiate and sustain economic and political development. In this context, progress requires the reform of existing arrangements, along with the complementary evolution of informal institutions. It involves enhancing state capacity, balancing broad avenues for political input, and limiting concentrated private and public power. This juggling act can only be accomplished by resolving collective-action problems (CAPs), which arise when individuals pursue interests that generate undesirable outcomes for society at large. Merging and extending key perspectives on CAPs, inequality, and development, this book constructs a flexible framework to investigate these complex issues. By probing four basic hypotheses related to knowledge production, distribution, power, and innovation, William D. Ferguson offers an analytical foundation for comparing and evaluating approaches to development policy. Navigating the theoretical terrain that lies between simplistic hierarchies of causality and idiosyncratic case studies, this book promises an analytical lens for examining the interactions between inequality and development. Scholars and researchers across economic development and political economy will find it to be a highly useful guide.
Author: William D. Ferguson
Publisher: Stanford University Press
ISBN: 0804785562
Category : Business & Economics
Languages : en
Pages : 447
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Book Description
In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach. The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks. These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications.
Author: Elinor Ostrom
Publisher: Cambridge University Press
ISBN: 1107569788
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.
Author: Marcello Basili
Publisher: Psychology Press
ISBN: 9780415342346
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
The Siena Summer School hosts lectures by distinguished scholars and offers a clear account of alternative research paths. This latest addition to the series identifies and addresses key issues surrounding the inequality-environment relationship.
Author: Jacob S. Hacker
Publisher: Cambridge University Press
ISBN: 1316516369
Category : History
Languages : en
Pages : 487
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Book Description
Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.
Author: Luis Medina
Publisher: University of Michigan Press
ISBN: 9780472024452
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
The notion that groups form and act in ways that respond to objective, external costs and benefits has long been the key to accounting for social change processes driven by collective action. Yet this same notion seems to fall apart when we try to explain how collectivities emerge out of the choices of individuals. This book overcomes that dilemma by offering an analysis of collective action that, while rooted in individual decision making, also brings out the way in which objective costs and benefits can impede or foster social coordination. The resulting approach enables us to address the causes and consequences of collective action with the help of the tools of modern economic theory. To illustrate this, the book applies the tools it develops to the study of specific collective action problems such as clientelism, focusing on its connections with economic development and political redistribution; and wage bargaining, showing its economic determinants and its relevance for the political economy of the welfare state. "Medina's study is a great step forward in the analytics of collective action. He shows the inadequacies of currently standard models and shows that straightforward revisions reconcile rational-choice and structural viewpoints. It will influence all future work." -Kenneth Arrow, Stanford University "Olson, Schelling, and now Medina. A Unified Theory deepens our understanding of collective action and contributes to the foundations of our field. A major work." -Robert H. Bates, Harvard University "Medina thinks that the main problem of social action is not whether or not to cooperate but how to do it. To this end he has produced an imaginative approach to analyzing strategic coordination problems that produces plausible predictions in a range of circumstances." -John Ferejohn, Stanford University Luis Fernando Medina is Associate Professor in the Department of Politics at the University of Virginia.
Author: Barry R. Weingast
Publisher: Oxford University Press, USA
ISBN: 0199548471
Category : Business & Economics
Languages : en
Pages : 1112
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Book Description
Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.
Author: James E. Alt
Publisher: Cambridge University Press
ISBN: 9780521398510
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
This volume serves as an introduction to the field of positive political economy and the economic and political processes with which it is concerned. This new research tradition is distinct from both normative and historical approaches to political economy. Grounded in the rational-actor methodology of microeconomics, positive political economy is the study of rational decisions in a context of political and economic institutions. More analytical than traditional approaches, it is concerned with the derivation of principles and propositions against which real-world experience may be compared. Its focus is on empirical regularities, and its goal is theoretical explanation. The field has focused on three main areas of research: models of collective action, constraints on competitive market processes, and the analysis of transaction costs. Developments in all of these areas are covered in the book. The first part of the volume surveys the field, while the second part displays positive political economy at work, examining a variety of subjects. The final part contains essays by leading political economists on the theoretical foundations of the field.
Author: Freddy Cante
Publisher: Routledge
ISBN: 1351383671
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
Nonviolent Political Economy offers a set of theoretical solutions and practical guidelines to build an economy of nonviolence which implies a social state of peacefulness, involving minimal violence and minimal destruction of nature. The book provides renewed reflections on heterodox economics, ecological economics, anthropology, Buddhism, Gandhianism, disarmament, and business ethics, as well as innovative initiatives such as Blue Frontiers. It also sets out feasible solutions to rebuild countries that have suffered prolonged conflicts such as Syria, Iraq and Kurdistan. Bringing together authors from around the world, this collection includes new perspectives on the abolition of profit; disarmament; obliteration of the consumer society; expansion of collective property; Buddhist and Gandhian economies; small-scale and artisanal production, the increasing use of clean energies; a gradual reduction in the human population; political processes closer to direct and radical democracy, and anarchy. Discussing cutting-edge developments, this book provides valuable tools to build alternatives to the prevailing models of (violent) political economy. It will be of great interest to a public of critical citizens, students and researchers from a range of disciplines and backgrounds, and all those seeking to understand the fundamental concepts of nonviolent political economy.
Author: Philip Keefer
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
The ability of citizens to act collectively plays a central role in major debates in the political economy of development, including the causes and consequences of democratization and clientelism. This essay uses two lines of research to underscore the importance of explicitly introducing the organization of collective action into these debates. Exhaustive research on the management of open access resources demonstrates that citizens' ability to act collectively depends on non-trivial organizational arrangements that allow leaders to sanction free-riding and allow members to replace leaders if they shirk. Other research demonstrates wide variability in the organization of political parties. In countries where political parties do not have these two organizational characteristics, public policies are less friendly to economic development. This evidence suggests that in future research on democracy, state-building and development, citizen organization should be a central object of analysis.
