Political Economy Research Articles

Tensions of place and opposing emblems of authenticity and marginal gentrification in Grünerløkka, Oslo

This study investigates multiple discourses surrounding the trends, changes and opposing emblematic signage of authenticity and the ideological constructions of place within Grünerløkka, Oslo, Norway. Our theoretical framework is grounded within the political economy of place and the sociolinguistics of authenticity. Three different datasets are used in the analysis: a) 60 interviews conducted with local residents, business owners and journalists; b) multilingual and multimodal signage found within this neighborhood's changing linguistic and semiotic landscapes; and c) texts from online media. We take both a discourse and multimodal analytic approach in our investigation of the circulating tensions of place found both ‘online’ and ‘offline’ of what constitutes an ‘authentic’ neighborhood to individuals. Our findings suggest that the conflicting ideologies of authenticity are bound to the pressures of change and resistance. These are inextricably connected to local consumer practices that are inevitably tied to global market forces and marketing strategies within the social and material constructions of urban landscapes.

Urban Political Structure and Inequality: Political Economy Lessons from Early Modern German Cities

What was the impact of urban political structure on preindustrial wealth inequality? I document that more closed political institutions were associated with higher inequality in a panel of early-modern German cities. To investigate the mechanisms behind that macro-relationship, I construct a unique individual-level panel dataset on personal wealth and political office-holding in the city-state of Nördlingen (1579–1700). I employ a difference-in-differences setting to show that political elites enriched themselves substantially, increasing inequality. To address endogeneity concerns, I exploit the Thirty-Years’ War as a shock to elites’ potential for enrichment from public office. Officials manipulated this crisis to enrich themselves further.

Queer/Green collaboration as a radical response to climate crises: foregrounding the green stripe

This article has two aims. Firstly, to highlight a general marginalisation of queer and trans voices within the environmental/ecological movement. Secondly, to identify and explore some contemporary efforts to overcome these tensions and forge closer alliances between queer and green politics. Drawing on queer and trans ecology literatures, we highlight the radical potential that closer synergy between the progressive goals and activities of environmentalist and LGBTQIA2+ politics can bring about. Examining the online content of a number of activist organisations and platforms, we highlight some of the ways in which the queering of green politics and the greening of queer politics are being given practical contemporary expression. In doing so, we highlight the space that this type of politics can create for a reimagining of alternative ecological futures and a more progressive political economy based around a transformation of relationships both within human populations and between humans and other-than-human species and ecologies.

The Ties that Bind: Immigration and the Global Political Economy

The Ties that Bind: Immigration and the Global Political Economy

World Review of Political Economy

World Review of Political Economy

Constrained economic policy in Italy’s dual-hybrid economy

ABSTRACT This article examines recent developments in Italy’s economic and fiscal policymaking. It does so by contextualising the 2023 changes in the Italian National Recovery and Resilience Plan (NRRP) within three broader aspects which have characterised the Italian political economy: (1) the country’s conservative fiscal trajectory inside the monetary union (EMU); (2) the expansionary economic policies pursued in the face of both the pandemic and energy crises; (3) the peculiar characteristics of Italy’s ‘dual-hybrid economy’. The article posits that, since the EMU, Italy has continuously run primary budget surpluses higher than its EMU peers. Only since Covid-19, and with the relaxation of EMU constraints, has Italy’s fiscal stance turned expansionary. This has allowed space for various socioeconomic policies to partially shield households and firms from the crises’ fallout. However, with a return to fiscal conservatism, the NRRP now represents the only game in town to try and address Italy’s dual hybridity characterised by weak state capacity and supply-side institutional inconsistencies as well as two diametrically opposed regional growth regimes in the North and the South.

Demystifying the Chinese local state: Planning and contesting urban growth at Hexi New Town, Nanjing

Taking note of the limitations of previously dominant political economy perspectives on China’s urban transformation, and inspired by recent works calling for “beyond-growth” and “micro-level” studies of the Chinese state, as well as ethnographic approaches to the state, this paper aims to explore the often-untold everyday politics of decision-making processes in China’s state-led urban development. Using an urban design project at Hexi New Town in Nanjing, China, as an empirical lens, the article makes three main contributions. Firstly, it reveals how the Chinese local state is constitutive of and lived through intense negotiations and contestations over urban visions, subjectivities, and rules of practices in everyday life. Secondly, building upon existing ethnographic approaches to the state, which focus primarily on state-society dynamics, this paper develops a framework to re-conceptualize the power topology within the Chinese local state as a field of relational modalities (ruling power relations (re)enacted in everyday practices) and relational embeddedness (situated positionalities and subjectivities of state actors). Thirdly, it further shows how the power modalities (the interplay of political-economy power vs technical-power, territorial power vs trans-territorial power) of the Chinese local state are constantly reworked, sometimes re-enacted, sometimes challenged, through both formal and tacit rules in the state’s everyday life. As such, the article provides a new set of entry points to open the black-box of the Chinese local state and to explore the relational nature and an ethnographic perspective of the local state and urban politics in China and beyond.

The middle-class base of European integration? New class divides and attitudes towards market integration in ten EU countries

ABSTRACT Highly educated ‘new’ middle classes have been identified as a fundamental constituency that, by supporting technological innovation and liberalisation, bolsters the stability of advanced capitalism. By contrast, less educated production workers are usually described as opponents of such policies. This article investigates the extent to which these class divides translate into different positions on support for EU integration, a key process in the liberalisation of European political economy. In addition to class-based positions, we take into consideration how the subjective perceptions of situations such as unemployment, income loss and job insecurity affect support for EU integration. By relying on an original 2019 survey conducted in ten member states, the analysis confirms that high-skilled middle classes overwhelmingly support European market integration, while ‘old’ middle classes appear more concerned about the welfare losses that integration could imply. Low-skilled service workers emerge as a critical cross-pressured group, taking a mid position between ‘old’ and ‘new’ middle classes.

Beyond populism and into the state: The political economy of national-conservatism

This article argues that the crises of neoliberal globalisation since the 2000s have given rise to a new transnational political family that we call ‘national-conservatism’. Through a critical examination of the literature on the Global Right and the role of the state under globalisation, we contend that national-conservatism acts as an innovative model for acquiring and exerting power from the right today, characterised by an endorsement of the state’s economic role, an emphasis on traditional values and hierarchies such as religion, and a proactive, occasionally confrontational stance in foreign policy. Consequently, the paradigm of national-conservatism prompts the division of transnational neoliberalism into discrete national domains. These domains function as havens where the neoliberal elite is shielded both from foreign competitive pressures and radical demands of respective national societies. Crucially, national-conservatism garners legitimacy for this new order through its commitment to revitalising traditional, hierarchical models of national sovereignty.

What Is This “Tranquility”? A Reply to Nelson

Abstract In a note appearing in the August 2024 issue of History of Political Economy (HOPE), Edward Nelson argues that a passage commenting on James Forder's Macroeconomics and the Phillips Curve Myth (2014) in a 2023 HOPE article by Carlo Cristiano titled “The Early Reception of the Phillips Curve in the United Kingdom” would provide a false characterization of the economic literature and claims priority in affirming that UK policymakers did not use the Phillips curve as a menu for policy. It is shown in this reply that Nelson's reading of Cristiano's 2023 article, and more specifically of the passage commenting on Forder's 2014 book, is based on a misunderstanding. The purpose of the 2023 article was not to show that UK policymakers did not use the Phillips trade-off as a menu for policy. In that article, consensus on this point is taken for granted. It is also argued in this reply that there is no need to mention Nelson's works to affirm that UK policymakers did not use the Phillips trade-off as a policy menu and that Nelson's works are indeed very relevant, but for other reasons.

Cracks within capitalism: Alternative rental practices and a politics of care among small-building owners in Chicago

ABSTRACT The United States is currently in the fourth decade of an ongoing, and worsening, affordable housing crisis, due in part to neoliberal financialization and the retrenchment of social safety net programs. Research has illuminated the role that landlords play in maintaining, and profiting, from this neoliberal turn in the housing market. Meanwhile, low-income renters and other marginalized people have engaged in strategic resistance and activism, drawing on a politics of community care and collectivism that runs counter to neoliberal market ideology. It is within this wider context—a housing market where neoliberal and collective care politics clash—that I analyze the viewpoints and rental practices of a unique group of housing market actors: resident landlords, or people who live in the same buildings as their tenants. Among a wider sample of 52 owner-occupants, I interviewed 22 owners who held anti-oppression viewpoints, and who attempted to put their politics into practice by adopting atypical rental practices. Drawing on Black radical and feminist traditions in urban political economy, I theorize these activities as political decisions that created sites of opportunity, where building owners and residents attempted to reconfigure their relationships under capitalism, providing a window into possibilities for more caring housing arrangements.

Gardiner Means’ Contributions to Post-Keynesian and Political Economics

ABSTRACT Certain post-Keynesian (PK) authors consider Means as one of the founding figures of PK theory and a notable contributor to heterodox economic thought in general. Paradoxically, many surveys of PK economics do not mention his name at all. It is the purpose of the current study to scrutinize the possible reasons behind the contradictory evaluations of Means’ contributions among PK authors. Based on a critical analysis of his stance on Keynesian and political economics traditions as well as his labor analysis, I argue that Means’ ideas and PK theory remain in harmony on the surface but conflict at a more fundamental level.

Green New Deals in comparative perspective

AbstractIn February 2019, Representative Alexandria Ocasio‐Cortez and Senator Ed Markey introduced into the US Congress a non‐binding resolution for a Green New Deal, with the aim to catalyze policies and programs to rapidly decarbonize the US economy while achieving wider progressive economic, social and environmental goals. This motion sparked widespread interest, in and beyond the US, in the potential for more ambitious and solidaristic climate policy under the banner of a Green New Deal (GND). This Overview, after introducing the history of the GND concept and exploring its dimensions in theory, provides a snapshot of GNDs proposed (or adopted/enacted) by politicians, candidates for political office, political parties and governments around the world in the period 2019–2022. Drawing on theories of comparative politics and comparative political economy, the Overview illuminates key patterns in the prevalence and content of this set of GND proposals, as well as their ideological underpinnings and implicit “theories of change.” Specifically, it ventures that: GND policies are more commonly proposed in high‐income, industrialized democracies; variation in GNDs' prevalence and content are associated with varieties of capitalism and electoral institutions; GND policies are more commonly proposed by left‐of‐center parties and candidates; and GNDs are being proposed at all levels of government, but their content is shaped by constraints on government powers. On the basis of this analysis, the concluding section proposes a detailed research agenda on GNDs, with an emphasis on comparative research.This article is categorized under: The Carbon Economy and Climate Mitigation > Benefits of Mitigation Policy and Governance > National Climate Change Policy Policy and Governance > Multilevel and Transnational Climate Change Governance

Hegemonic Discourses Surrounding United States’ Leadership in Post-Ebola Development in Liberia

Abstract This study examines the hegemonic discourses surrounding USAID’s leadership in post-Ebola Liberia between 2015 and 2020. Using documents and critical discourse analysis, the study finds that USAID’s overarching goal of empowering Liberians, especially women, was primarily on humanitarian grounds. However, the study revealed the significant extent to which ideological and political economic assumptions influenced USAID’s prioritization of Liberia in the fight against Ebola in West Africa. These findings call for advancing research on the concept of national interest in international development discourse and practice, as well as the political economy of aid to sub-Saharan Africa from a neocolonialist lens.

The ‘two lives’ of Esping‐Andersen and the revival of a research programme: Gender equality, employment and redistribution in contemporary social policy

AbstractThis article makes two conceptual contributions to social policy literature. First, we summarise key concepts and insights from Gøsta Esping‐Andersen's major books, tracing his work in ‘two lives’: ‘the foundations, or the welfare state between states and markets’ and ‘the demographic turn’. Analysing the ‘first life’, we revisit the centrality of the decommodification and social stratification concepts and the seeds of the social investment approach. Further, we explore Esping‐Andersen's masterful analysis of the double bind of the welfare state (supporting full‐employment and redistributional harmony) in a post‐industrial era and how countries belonging to different regimes have dealt with it. Through his ‘second life’, we explore the ‘impossible marriage’ between full employment and equality, and the development of the social investment approach. Our second contribution is to critically analyse a tension—generated by the shift from a broad to a narrow social policy perspective—between the two lives and how it raises questions for contemporary social policy. We suggest the field should take stock of Esping‐Andersen's work holistically, going beyond a simplistic use of welfare regime typologies and the universal proposition of a Scandinavian‐style social investment approach. This approach tends to overlook factors related to the international context (e.g., the expansion of the market logic, and questions of exchange, inflation and debt) when assessing the impact of social policy on key outcomes. Our ultimate goal is to revive a research programme based on the integration between social policy and international political economy, a programme geared at critically assessing issues related to gender equality, employment and redistribution.

Political rhetoric vs practical reality of ‘Taking Back Control’: is the UK’s agri-food sector ready to break free from EU standards in the global arena?

ABSTRACT In the vortex of the Brexit discourse, the phrase ‘taking back control’ emerged as a resonant mantra, encapsulating a desire for enhanced sovereignty and self-direction. Despite its widespread usage and political importance, the phrase’s practical implications remain underexplored in academic literature. This study introduces a novel analytical framework that conceptualises the notion of taking back control as an outcome of de-Europeanisation and aims to analyse its practical implications. It uses two case studies, Pathogen Resistance Treatment (PRT) or ‘chlorinated chicken’ and neonicotinoid pesticide bans, to investigate the intricate interplay between political aspirations and economic realities in the UK’s attempt to diverge from EU standards. It reveals that the process of ‘taking back control’ is not a straightforward assertion of sovereignty but is mediated by complex negotiations that consider the trade-offs between regulatory autonomy, market access, and environmental and health standards. The findings underscore the persistent influence of the EU on the UK’s regulatory landscape and the strategic considerations that underpin the UK’s approach to de-Europeanisation. This study contributes to the broader discourse on Brexit by offering empirical insights into the practical challenges and opportunities that the UK faces as it redefines its regulatory standards in the global political economy.

Trust and State Effectiveness: The Political Economy of Compliance

Abstract This paper explores the link between trust in government, policymaking and compliance. It focuses on a specific channel whereby citizens who are convinced of the merits of a policy are more motivated to comply with it. This in turn reduces the government’s cost of implementing this policy and may also increase the set of feasible interventions. As a result, state effectiveness is greater when citizens trust their government. The paper discusses alternative approaches to modelling the origins of trust, especially the link to the design of political institutions. We then provide empirical evidence consistent with the model’s findings that compliance is increasing in government trust using the Integrated Values Survey and voluntary compliance during COVID-19 in the UK.

A Turn to Export‐Led Growth? Rethinking the Growth Models in Greece and Portugal

AbstractThe global financial crisis in 2007 and, more recently, the Covid‐19 pandemic renewed interest in capitalist divergence and the evolution of growth models in the Eurozone. The varieties of capitalism (VoC) approach and more recently post‐Keynesian research, especially the growth model (GM) perspective, have made important contributions to comparative political economy. However, the focus on either the ‘supply‐side’ or ‘demand‐side’ aspects of modern models of capitalism has offered a limited framework to explain capitalist diversity in the global economy. This article brings insights from both the VoC and GM perspectives and provides a more comprehensive understanding of the evolution of the growth models in Greece and Portugal. The argument is that although both countries implemented internal devaluation and contractionary policies to curtail domestic demand and transform their economies into export‐led ones, they have been stuck in a suppressed demand‐led growth model since the global financial crisis.

The active underbelly of developmentalism: The power of the state in the twenty-first century

Industrial policy has become one of the buzzwords of state interventionism in the political economy of states. Continuity and change in social contracts, the increasing complexity of multi-level governance in the world economy, and the need for greater degrees of co-ordination and greater amounts of capital in key industrial sectors all require a reinvigorated understanding of the state and of state power. This article seeks to develop such an understanding of one state form: the Developmental State. Through an analysis of the Argentine development experience under Nestor Kirchner (2003-07), this article will reveal the need to develop sophisticated understandings of the state and associated concepts of capacity and autonomy to fully grasp its role in the development process, with a particular focus on industrial policy. Such examination will draw attention to the changing nature of industrial policy, and how this is linked to changes in the state as a result of pressures from below (changing constellation of social forces) and from above (changing nature of global forces).

Political Economy of Agriculture and Food Policy in Africa

This article reviews the literature on the political economy of agricultural and food policy in sub-Saharan Africa. In doing so, it first presents a conceptual framework highlighting that agricultural and food policy decisions are contingent on the intersection between governance structures, the preferences and pressures from societal interest groups, and international dynamics. The interrelations among these three factors are then examined across several different sets of policy instruments that have been the focus of traditional political economy research in the region: trade, tax, and marketing policies; public investments and regulations; input and food subsidies; and cross-cutting policies for value chain development. Recognizing several broader demographic, technology, and governance transitions in the region, the article also highlights key areas for future analysis that examine the role of cities in food policy, the possibilities presented by expanded mobile phone and Internet access, and the efficacy of new public administration modalities for policy implementation.