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Globalization,Macroeconomic Stabilization,and the Construction of Social Reality, v. 13 - An Essay in Interpretive Political Economy (Paperback)
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Globalization,Macroeconomic Stabilization,and the Construction of Social Reality, v. 13 - An Essay in Interpretive Political Economy (Paperback)
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Globalization is a forceful phenomenon. It is also a buzzword. What
is the systematic relationship between experts' models and the way
globalization reshapes economy and society? How do paradigmatic
statements such as the Washington Consensus impact on social
reality? And how do real-world outcomes such as the collapse of the
Argentine economy change the way we theorize economic
relationships? Based on fieldwork in the Caribbean and inspired by
the work of Thomas Kuhn and Michel Foucault, the author argues that
to understand globalization, we must analyze material and symbolic
factors and their dialectical interaction simultaneously. Part one
analyzes how economic thinking and policy in Latin America have
evolved historically. To uncover the mechanisms that produce
economic thinking and policy, the author formulates a new social
theory: interpretive political economy. Integrating research in
anthropology, economics, and sociology, he examines four levels of
social reality: meaning structures, discourse, practice, and
material conditions. Part two provides in-depth case studies on
Cuba and the Dominican Republic. What does the rise of economic
surveillance mean for globalizing socialism and neopatrimonial
capitalism? Does thinking about social relations in the language of
the market affect these relations in any systematic way?
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