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42. Pragmatismus und wirtschaftliches Handeln
- Author:
- Jens Beckert
- Publication Date:
- 04-2009
- Content Type:
- Working Paper
- Institution:
- Max Planck Institute for the Study of Societies
- Abstract:
- What alternatives to rational choice theory do exist to explain economic phenomena? I argue that American pragmatism presents a viable alternative for the explanation of key economic incidences. First I illustrate the foundations of pragmatism using three problems regularly encountered in action theory. Then I show how innovation, institutional change, price formation and actors' preferences can be analyzed based on pragmatist premises. I conclude by reflecting on why pragmatism has found so little recognition in economics.
- Topic:
- International Relations, Economics, Political Economy, and Political Theory
- Political Geography:
- United States and America
43. On Vital Systems Security
- Author:
- Stephen Collier and Andrew Lakoff
- Publication Date:
- 02-2009
- Content Type:
- Working Paper
- Institution:
- The New School Graduate Program in International Affairs
- Abstract:
- This paper outlines some elements of the genealogy of vital systems security. Vital systems security is a way of “problematizing” threats to security that can be contrasted to the forms of sovereign state security and population security that Michel Foucault famously analyzed in his lectures on governmentality. Vital systems security takes up events that are uncertain and unpreventable but potentially catastrophic. Its object of protection is the complex of critical systems or networks on which modern economies and polities depend. Vital systems security is, thus, linked to the idea that the very success of industrial and social modernity in managing risks has in fact generated new risks.
- Topic:
- Security, Government, and Political Economy
- Political Geography:
- United States
44. The Japan Fallacy: Today's U.S. Financial Crisis Is Not Like Tokyo's "Lost Decade"
- Author:
- Richard Katz
- Publication Date:
- 03-2009
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- The financial crisis of 2008 need not usher in a replay of Japan's "lost decade" of the 1990s. The current crisis is the result of correctable policy mistakes rather than deep structural flaws in the economy.
- Topic:
- Economics and Political Economy
- Political Geography:
- United States and Japan
45. Did Reagan Rule In Vain? A Closer Look at True Expenditure Levels in the United States and Europe
- Author:
- Jacob Funk Kirkegaard
- Publication Date:
- 01-2009
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- It is generally believed that the United States is a country of low taxes and small government, at least when compared with countries in Europe (and until the financial crisis so greatly expanded the role of the federal government in the United States in late 2008). Fully accounting for the role, size, and effect of the government in an economy is a complex endeavor, however, and it is hardly accomplished by repeatedly restating differences in top marginal tax rates, overall tax burdens, or gross sizes of governments in GDP terms.
- Topic:
- Economics, Government, Political Economy, and Privatization
- Political Geography:
- United States and Europe
46. Stepping Back From Democratic Pessimism
- Author:
- Thomas Carothers
- Publication Date:
- 02-2009
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Pessimism about the progress of democracy in the developing and postcommunist worlds has risen sharply in recent years. Negative developments in a variety of countries, such as military coups, failed elections, and the emergence of antidemocratic populist leaders, have caused some observers to argue that democracy is in retreat and authoritarianism on the march. A broad look at the state of democracy around the world reveals however that although the condition of democracy is certainly troubled in many places, when viewed relative to where it was at the start of this decade, democracy has not lost ground in the world overall. The former Soviet Union is the one region where democracy has clearly slipped backward in this decade, primarily as a result of Russia's authoritarian slide. The Middle East has also been a source of significant disappointment on democracy but mostly in comparison with unrealistic expectations that were raised by the Bush administration. In most of the rest of the world good news with respect to democratization is found in roughly equal proportion to bad news and considerable continuity has prevailed as well.
- Topic:
- Foreign Policy, Cold War, Communism, Democratization, Development, and Political Economy
- Political Geography:
- Russia, United States, and Middle East
47. The Political Economy of Heterogeneous Development: Quantile Effects of Income and Education
- Author:
- Marcus Alexander, Matthew Harding, and Carlos Lamarche
- Publication Date:
- 01-2009
- Content Type:
- Working Paper
- Institution:
- Weatherhead Center for International Affairs, Harvard University
- Abstract:
- Does development lead to the establishment of more democratic institutions? The key to the puzzle, we argue, is the previously unrecognized fact that based on quantitative regime scores, countries over the past 50 years have clustered into two separate, very distinct, yet equally-common stages of political development—authoritarian states with low levels of freedom on one side an d democracies with liberal institutions on the other side of a bimodal distribution of political regimes. We develop a new empirical strategy—exploiting exogenous world economic factors and introducing new panel data estimators—that allows for the first time to estimate the effects of development as well as unobserved country effects in driving democracy at these different stages of political development. We find that income and education have the least effect on democracy when authoritarian regimes are consolidated and that only country effects, possibly accounting for institutional legacies, can lead to political development. Ironically, it is in highly democratic and wealthiest of nations that income and education start to play a role; however greater wealth and better educated citizenry can both help and hurt democracy depending again on what the country's institutional legacies are. Far from accepting the notion that much of the developing world is cursed by unchanging and poor long-run institutions, policy-makers should take note that with democratization we also see country-specific factors that in turn condition the difference income and education make for democracy.
- Topic:
- Democratization, Development, Economics, Political Economy, and Third World
- Political Geography:
- Africa, United States, China, Asia, and Germany
48. Africa: The United States and China Court the Continent
- Author:
- David H. Shinn
- Publication Date:
- 06-2009
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- The United States and China are the two most important bilateral, external actors in Africa today. While the United States wields more influence in most of Africa's fifty-three countries, China has surpassed it in a number of states and is challenging it in others. Both countries look to Africa as an increasingly significant source of raw materials, especially oil. China, more than the United States, views Africa from a long-term strategic perspective. Both countries seek political and economic support in international forums from African countries, which constitute more than a quarter of the membership of the United Nations. The interests of the United States and China in Africa are more similar than dissimilar. There will inevitably be some competition over access to African natural resources and political support, but there are even greater opportunities for cooperation that can benefit African nations.
- Topic:
- Oil and Political Economy
- Political Geography:
- Africa, United States, and China
49. Internal Enforcement: The Political Economy of Immigration
- Author:
- Keith D. Malone
- Publication Date:
- 10-2009
- Content Type:
- Working Paper
- Institution:
- Independent Institute
- Abstract:
- Over the past several years, Americans have become more aware and more vocal regarding the number of illegal aliens who have taken up residence in the United States. While this issue—and a resolution of this issue—is still being debated, many have questioned why current enforcement efforts are so lax. The focus of this paper is on the government agency responsible for the enforcement of our immigration laws, and in particular how the actions of this agency are influenced by political interests. This paper fills a gap in the literature-to-date by examining the enforcement of immigration laws within the interior of the nation. While other studies put border enforcement efforts in a political framework, this analysis is the first, to the authors' knowledge, to place interior enforcement within the interest-group theory of government framework. Our findings indicate that pressure groups shape the pattern of enforcement that emerges. Despite polls that indicate a majority of Americans favoring stricter enforcement, government enforcement agencies charged with this responsibility apparently succumb to the wishes of those that matter most politically.
- Topic:
- Government, Political Economy, Politics, Immigration, and Law Enforcement
- Political Geography:
- United States and America
50. Insurance Regulation in the United States and the European Union: A Comparison
- Author:
- Martin Eling, Robert W. Klein, and Joan T. Schmit
- Publication Date:
- 11-2009
- Content Type:
- Policy Brief
- Institution:
- Independent Institute
- Abstract:
- In this paper we compare insurance regulatory frameworks in the United States (US) and European Union (EU), focusing primarily on solvency, but also considering product and price regulation, as well as other elements of consumer protection. This comparison highlights the use of more fluid and principles-based approaches in the EU as it is developing under Solvency II, while the US continues to focus essentially on static, rules-based regulation. The discussion further notes evidence suggesting that the EU approach is more successful in promoting a financially solid insurance sector.
- Topic:
- Government and Political Economy
- Political Geography:
- United States and Europe