Search results for: the-political-power-of-economic-ideas

The Political Power of Economic Ideas

Author : Peter A. Hall
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John Maynard Keynes once observed that the "ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood." The contributors to this volume take that assertion seriously. In a full-scale study of the impact of Keynesian doctrines across nations, their essays trace the reception accorded Keynesian ideas, initially during the 1930s and then in the years after World War II, in a wide range of nations, including Britain, the United States, France, Germany, Italy, Japan, and Scandinavia. The contributors review the latest historical evidence to explain why some nations embraced Keynesian policies while others did not. At a time of growing interest in comparative public policy-making, they examine the central issue of how and why particular ideas acquire influence over policy and politics. Based on three years of collaborative research for the Social Science Research Council, the volume takes up central themes in contemporary economics, political science, and history. The contributors are Christopher S. Allen, Marcello de Cecco, Peter Alexis Gourevitch, Eleanor M. Hadley, Peter A. Hall, Albert O. Hirschman, Harold James, Bradford A. Lee, Jukka Pekkarinen, Pierre Rosanvallon, Walter S. Salant, Margaret Weir, and Donald Winch.

Soviet Economic Thought and Political Power in the USSR

Author : Aron Katsenelinboigen
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Soviet Economic Thought and Political Power in the USSR examines the evolution of economic theory in the Soviet Union from uniformity under Josef Stalin to diversity in the post-Stalin period. The reasons for uniformity and diversity in Soviet economics are analyzed, along with the structure of this diversity, the paradoxes in its development, and the conditions under which it will continue. The connection between leaders of Soviet economics and the Communist Party rulers is also discussed. Emphasis is placed on one of the principal trends in Soviet economics in the post-Stalin period: mathematical economics. This book is comprised of six chapters and begins with a discussion on the development of the economic-mathematical trend in the USSR. The social environment in the Soviet Union is examined in macro terms, along with the role of various mutations among the economists and the institutionalization of such mutations, especially in the framework of the existing research institutes and universities. The book also considers the attitudes of various factions of economists such as reactionaries, conservatives, and modernizers toward the question of the limitation of the leaders' power and toward some areas of economics, such as problems of mathematical modeling and institutional economics, and toward the Marxist ideology. The final chapter highlights the confusing struggle among the various trends in Soviet economics and the ways in which this struggle is supported by the country's political leaders. This monograph will be of interest to economists, political scientists, politicians, and economic policymakers.

The Political Power of Bad Ideas

Author : Mark Lawrence Schrad
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In this work, Mark Lawrence Schrad looks on an oddity of modern history - the broad diffusion of temperance legislation in the early 20th century - to make a broad argument about how bad policy ideas achieve international success.

The Political Power of Bad Ideas

Author : Mark Lawrence Schrad
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In The Political Power of Bad Ideas, Mark Schrad uses one of the greatest oddities of modern history--the broad diffusion throughout the Western world of alcohol-control legislation in the early twentieth century--to make a powerful argument about how bad policy ideas achieve international success. His could an idea that was widely recognized by experts as bad before adoption, and which ultimately failed everywhere, come to be adopted throughout the world? To answer the question, Schrad utilizes an institutionalist approach and focuses in particular on the United States, Sweden, and Russia/the USSR. Conventional wisdom, based largely on the U.S. experience, blames evangelical zealots for the success of the temperance movement. Yet as Schrad shows, ten countries, along with numerous colonial possessions, enacted prohibition laws. In virtually every case, the consequences were disastrous, and in every country the law was ultimately repealed. Schrad concentrates on the dynamic interaction of ideas and political institutions, tracing the process through which concepts of dubious merit gain momentum and achieve credibility as they wend their way through institutional structures. He also shows that national policy and institutional environments count: the policy may have been broadly adopted, but countries dealt with the issue in different ways. While The Political Power of Bad Ideas focuses on one legendary episode, its argument about how and why bad policies achieve legitimacy applies far more broadly. It also extends beyond the simplistic notion that "ideas matter" to show how they influence institutional contexts and interact with a nation's political actors, institutions, and policy dynamics.

Economic Ideas in Political Time

Author : Wesley W. Widmaier
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Over the past century, the rise and fall of economic policy orders has been shaped by a paradox, as intellectual and institutional stability have repeatedly caused market instability and crisis. To highlight such dynamics, this volume offers a theory of economic ideas in political time. The author counters paradigmatic and institutionalist views of ideas as enabling self-reinforcing path dependencies, offering an alternative social psychological argument that ideas which initially reduce uncertainty can subsequently fuel misplaced certainty and crises. Historically, the book then traces the development and decline of the progressive, Keynesian, and neoliberal orders, arguing that each order's principled foundations were gradually displaced by macroeconomic models that obscured new causes of the Great Depression, Great Stagflation, and Global Financial Crisis. Finally, in policy terms, Widmaier stresses the costs of intellectual autonomy, as efforts to 'prevent the last crisis' have repeatedly obscured new causes of crises.

Social Resilience in the Neoliberal Era

Author : Peter A. Hall
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What is the impact of three decades of neoliberal narratives and policies on communities and individual lives? What are the sources of social resilience? This book offers a sweeping assessment of the effects of neoliberalism, the dominant feature of our times. It analyzes the ideology in unusually wide-ranging terms as a movement that not only opened markets but also introduced new logics into social life, integrating macro-level analyses of the ways in which neoliberal narratives made their way into international policy regimes with micro-level analyses of the ways in which individuals responded to the challenges of the neoliberal era. The product of ten years of collaboration among a distinguished group of scholars, it integrates institutional and cultural analysis in new ways to understand neoliberalism as a syncretic social process and to explore the sources of social resilience across communities in the developed and developing worlds.

Political Research Quarterly

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Ideas and Economic Policy in Latin America

Author : Anil Hira
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How are the economic policies which developing countries adopt selected and how do they change? Who are the key players in economic development policies? Professor Anil Hira answers these questions head on by suggesting new ways of looking at how ideas affect economic policy. Through concrete case studies of networks in Latin America, he analyzes how ideas are introduced and why certain ones "win out" in the economic policy process. The cohort groups who create economic policies are the key figures in this book. These characters are shown to extend beyond Latin America to countries as diverse as Indonesia and Egypt.

The Dissemination of Economic Ideas

Author : Heinz-Dieter Kurz
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This highly illuminating book marks a significant stage in our growing understanding of how the development of national traditions of economic thought has been affected by both internal and external factors. The expert contributors set an explicit agenda for the study of the dissemination of economic ideas across four centuries, acknowledging that the history of dissemination is also a history of the flux of economic beliefs, rendering any generalisation difficult, if not impossible. Topics explored include systems of political economy, European and American interactions, the diffusion of economic ideas in South-Eastern Europe and beyond, and the exchange of ideas between Japan and the rest of the world. This book will prove a fascinating and stimulating read for scholars and researchers in the field of economics generally, and more specifically in heterodox economics, the history of economic thought and economic theory.

Economic Liberalism and Its Rivals

Author : Keith A. Darden
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Darden traces the decisions that shaped the entry of post-Soviet states into the world economy.