Generalising the political economy of structural change: A Structural Political Economy approach

Cardinale, Ivano and Landesmann, Michael. 2020. Generalising the political economy of structural change: A Structural Political Economy approach. Structural Change and Economic Dynamics, ISSN 0954-349X [Article]

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Abstract or Description

The paper builds on the classical understanding of the interplay between material processes and political conflicts, but generalises it in several key respects. This approach does not assume relevant political-economic aggregations ex ante (such as industries or ‘classes’); rather, it explores different possible ways of aggregating social groups and defining their interests depending on the situation under investigation. Moreover, interdependencies in the economy impose the need to keep conflicts within boundaries that are compatible with the viability of the system. Because sectors and groups can be aggregated in different ways, dynamics also depends on how actors represent the system and their position therein, and hence what they understand their interest to be. Different representations give rise to different definitions of competing interests and viability requirements, which in turn generates different endogenous dynamics of the political-economic system. The approach is illustrated through the examples of the Eurozone crisis and Covid-19 crisis.

Item Type:

Article

Identification Number (DOI):

https://doi.org/10.1016/j.strueco.2020.07.001

Keywords:

Political economy of structural change, Structural Political Economy, Eurozone, Systemic interest, Special interest groups

Departments, Centres and Research Units:

Institute of Management Studies

Dates:

DateEvent
1 July 2020Accepted
21 July 2020Published Online

Item ID:

28960

Date Deposited:

23 Jul 2020 09:51

Last Modified:

24 Jul 2020 17:04

Peer Reviewed:

Yes, this version has been peer-reviewed.

URI:

http://research.gold.ac.uk/id/eprint/28960

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