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Some famous pioneers together with the most promising new
practitioners in the field show within this book how they define
their subject. This is an authoritative survey of important
branches of evolutionary economics, containing innovative new
perspectives on market dynamics and evolutionary institutional
mechanisms. The authors also tackle enduring problems in the field
such as profound uncertainty and the significance of knowledge in
economics. This coherent and focused book will appeal to a wide
variety of scholars involved in evolutionary and institutional
economics, and evolutionary theory. It will also appeal to
researchers and students at advanced undergraduate and postgraduate
levels.
This book takes stock of the lessons to be learned from the
experiences of different countries on their way to a transition
into a unified Europe. It demonstrates how the project of a unified
Europe is a social pilot project that is unique in human history,
both with respect to the sheer number of people involved and with
respect to the cultural diversity it aims to turn into a
progressive advantage. With no historical experience at hand, the
transition into a unified Europe is an exploratory process, often
risky but sometimes also surprisingly successful. To improve the
chances of establishing a successful unification it is particularly
important that we learn from the mistakes made so far; and that we
learn rapidly, since the forces working against the pilot project
of Europe will gain power very fast if the unification success
slows down. And as the recent developments in Greece show, the
vision of the final goal itself can well change during this
exciting quest. Apart from providing the pieces of a mosaic on
which a more general theory can be built, this book can be read as
a collection of experiences - mistakes as well as triumphs - which
should help the European learning process. The structure of the
book mirrors Europe's diversity: specific country studies are
combined with more general chapters, and quantitatively oriented
econometric work is combined with qualitatively oriented
sociological studies.
The development of European unification has reached a critical
stage. Despite 75 years of peace, increases in welfare, and growth
since World War 2, there is now a growing scepticism of the
European agenda from various quarters, most notably embodied in the
exit of the United Kingdom from the European Union. To fully
understand the dynamics at work, this book presents an introduction
to the development of the political economy of Europe from 1900 to
2020. The first part of the book provides an overview of European
economic and political history from 1900 to the present. It is
clear from this history that Europe's population, and most notably
its leaders, have been deeply influenced by ideology during this
time. This sets the context for the second part of the book, which
takes a closer look at some major paradigms framing European
dynamics: (1) the market-oriented paradigm, (2) Marx's paradigm,
and (3) the fascist paradigm. In this part, the essential core of
each of these paradigms is presented and critiqued. In the third
part, the current bottlenecks of European evolution (the migration
crisis, Brexit, rise of new Fascism, the climate crisis, the
COVID-19 pandemic) are investigated in the light of a possible
emergence of a new scientific paradigm. Europe's role in the global
division of labour - its possibility to serve as a role model for
the advantages of democratically governing a highly diverse set of
populations - is also explained. This book is an ideal text for
students undertaking courses on the political economy of Europe in
either economics or politics departments.
The development of European unification has reached a critical
stage. Despite 75 years of peace, increases in welfare, and growth
since World War 2, there is now a growing scepticism of the
European agenda from various quarters, most notably embodied in the
exit of the United Kingdom from the European Union. To fully
understand the dynamics at work, this book presents an introduction
to the development of the political economy of Europe from 1900 to
2020. The first part of the book provides an overview of European
economic and political history from 1900 to the present. It is
clear from this history that Europe's population, and most notably
its leaders, have been deeply influenced by ideology during this
time. This sets the context for the second part of the book, which
takes a closer look at some major paradigms framing European
dynamics: (1) the market-oriented paradigm, (2) Marx's paradigm,
and (3) the fascist paradigm. In this part, the essential core of
each of these paradigms is presented and critiqued. In the third
part, the current bottlenecks of European evolution (the migration
crisis, Brexit, rise of new Fascism, the climate crisis, the
COVID-19 pandemic) are investigated in the light of a possible
emergence of a new scientific paradigm. Europe's role in the global
division of labour - its possibility to serve as a role model for
the advantages of democratically governing a highly diverse set of
populations - is also explained. This book is an ideal text for
students undertaking courses on the political economy of Europe in
either economics or politics departments.
The world is in turmoil, the dynamics of political economy seem to
have entered a phase where a 'return to normal' cannot be expected.
Since the financial crisis, conventional economic theory has proven
itself to be rather helpless and political decision makers have
become suspicious about this type of economic consultancy. This
book offers a different approach. It promises to describe political
and economic dynamics as interwoven as they are in real life and it
adds to that an evolutionary perspective. The latter allows for a
long-run view, which makes it possible to discuss the emergence and
exit of social institutions. The essays in this volume explore the
theoretical and methodological aspects of evolutionary political
economy. In part one, the authors consider the foundational
contributions of some of the great economists of the past, while
the second part demonstrates the benefits of adopting the methods
of computer simulation and agent-based modelling. Together, the
contributions to this volume demonstrate the richness, diversity
and great explanatory potential of evolutionary political economy.
This volume is extremely useful for social scientists in the fields
of economics, politics, and sociology who are interested to learn
what evolutionary political economy is, how it proceeds and what it
can provide.
The world is in turmoil, the dynamics of political economy seem to
have entered a phase where a 'return to normal' cannot be expected.
Since the financial crisis, conventional economic theory has proven
itself to be rather helpless and political decision makers have
become suspicious about this type of economic consultancy. This
book offers a different approach. It promises to describe political
and economic dynamics as interwoven as they are in real life and it
adds to that an evolutionary perspective. The latter allows for a
long-run view, which makes it possible to discuss the emergence and
exit of social institutions. Evolutionary Political Economy in
Action consists of two parts. Part I provides a broad range of
issues that show how flexible evolutionary political economy can
handle acute policy problems in Europe: should Europe support the
revived build-up of NATO forces on its Eastern border, or should it
rather aim at economic cooperation with Russia? How can democracy
for a whole continent be reasonably further developed; what is the
role of economies of scope? Do the new protest movements against
inequality provide alternatives? What could a vision for a unified,
socioecological Europe look like? Part II takes a closer look at
Cyprus and Greece, where the problems of the financial crisis have
been exacerbated by the 'solutions' imposed on them by the troika.
In all of these essays, the authors demonstrate the unique insights
which can be garnered from adopting an evolutionary political
economy approach and consider the real solutions that such an
approach points towards. This volume is extremely useful for social
scientists in the fields of economics, politics and sociology who
are interested to learn what evolutionary political economy is, how
it proceeds and what it can provide.
Recent developments in the global economy, such as the Greek budget
crisis, have led to new focus on the role of Europe, and in
particular on the countries in Europe's south-eastern region. This
new volume from a global set of contributors explores south-east
Europe's present and future direction, placing it in the context of
the history of the region since the end of the Second World War.
Through an exploration of Europe's cultural and political economy,
this volume argues that the south-east part of Europe is currently
the most crucial component of Europe's future development. The book
charts the post-World War Two 'evolution' of the continent, taking
in such key turning points as the 1971 breakdown of the fixed
exchange rate system, the breakdown of the Soviet Union in the
1990s, and the 2008 global financial collapse. In doing so, the
book seeks to explain why and how the current events in south-east
Europe and the Eastern Mediterranean can be seen as the weakest
points in the wider capitalist system in Europe, and how the issues
faced by these regions can provide insight into a possible
re-design of European governance. Including a comprehensive
editorial introduction, this timely and important book is fully up
to date with recent global events, including the 2011 Arab Spring,
and provides context and comparison with the countries in the EU.
This book takes stock of the lessons to be learned from the
experiences of different countries on their way to a transition
into a unified Europe. It demonstrates how the project of a unified
Europe is a social pilot project that is unique in human history,
both with respect to the sheer number of people involved and with
respect to the cultural diversity it aims to turn into a
progressive advantage. With no historical experience at hand, the
transition into a unified Europe is an exploratory process, often
risky but sometimes also surprisingly successful. To improve the
chances of establishing a successful unification it is particularly
important that we learn from the mistakes made so far; and that we
learn rapidly, since the forces working against the pilot project
of Europe will gain power very fast if the unification success
slows down. And as the recent developments in Greece show, the
vision of the final goal itself can well change during this
exciting quest. Apart from providing the pieces of a mosaic on
which a more general theory can be built, this book can be read as
a collection of experiences - mistakes as well as triumphs - which
should help the European learning process. The structure of the
book mirrors Europe's diversity: specific country studies are
combined with more general chapters, and quantitatively oriented
econometric work is combined with qualitatively oriented
sociological studies.
The world is in turmoil, the dynamics of political economy seem to
have entered a phase where a 'return to normal' cannot be expected.
Since the financial crisis, conventional economic theory has proven
itself to be rather helpless and political decision makers have
become suspicious about this type of economic consultancy. This
book offers a different approach. It promises to describe political
and economic dynamics as interwoven as they are in real life and it
adds to that an evolutionary perspective. The latter allows for a
long-run view, which makes it possible to discuss the emergence and
exit of social institutions. The essays in this volume explore the
theoretical and methodological aspects of evolutionary political
economy. In part one, the authors consider the foundational
contributions of some of the great economists of the past, while
the second part demonstrates the benefits of adopting the methods
of computer simulation and agent-based modelling. Together, the
contributions to this volume demonstrate the richness, diversity
and great explanatory potential of evolutionary political economy.
This volume is extremely useful for social scientists in the fields
of economics, politics, and sociology who are interested to learn
what evolutionary political economy is, how it proceeds and what it
can provide.
The world is in turmoil, the dynamics of political economy seem to
have entered a phase where a 'return to normal' cannot be expected.
Since the financial crisis, conventional economic theory has proven
itself to be rather helpless and political decision makers have
become suspicious about this type of economic consultancy. This
book offers a different approach. It promises to describe political
and economic dynamics as interwoven as they are in real life and it
adds to that an evolutionary perspective. The latter allows for a
long-run view, which makes it possible to discuss the emergence and
exit of social institutions. Evolutionary Political Economy in
Action consists of two parts. Part I provides a broad range of
issues that show how flexible evolutionary political economy can
handle acute policy problems in Europe: should Europe support the
revived build-up of NATO forces on its Eastern border, or should it
rather aim at economic cooperation with Russia? How can democracy
for a whole continent be reasonably further developed; what is the
role of economies of scope? Do the new protest movements against
inequality provide alternatives? What could a vision for a unified,
socioecological Europe look like? Part II takes a closer look at
Cyprus and Greece, where the problems of the financial crisis have
been exacerbated by the 'solutions' imposed on them by the troika.
In all of these essays, the authors demonstrate the unique insights
which can be garnered from adopting an evolutionary political
economy approach and consider the real solutions that such an
approach points towards. This volume is extremely useful for social
scientists in the fields of economics, politics and sociology who
are interested to learn what evolutionary political economy is, how
it proceeds and what it can provide.
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