Politics and Economics: The Political Economy of the Modern World

Robert Boyer ()
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Robert Boyer: EHESS, Ecole des Hautes Etudes en Sciences Sociale et Institut des Amériquesstitut des Amériques

Chapter Chapter 8 in Political Economy of Capitalisms, 2022, pp 179-213 from Springer

Abstract: Abstract Even if politics analyzes power whereas economics investigates wealth creation, de facto state and capitalism coevolve but with different temporalities, and this is a source of cycles and crises. A viable politico-economic regime can emerge out of a trial-and-error process but in any case, it has to express a political coalition or a hegemonic bloc that organizes a hierarchy among institutional forms. Representations, ideas, and narratives play a role in sustaining different politico-economic regimes. The style of economic policy is closely related to each well-established development mode. By contrast, collective action and political intermediation are crucial in other periods, especially when a structural crisis has disrupted previous economic regularities and apparent determinism. Thus, regulation can be portrayed as a political economy of contemporary capitalisms.

Keywords: Hegemonic bloc; Antonio Gramsci; Nicos Poulantzas; Economic policy; Systemic causality; Role of ideas (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3536-7_8

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DOI: 10.1007/978-981-19-3536-7_8

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