Science topics: Political SciencePolitical Economy
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Political Economy - Science topic
This group is aimed at students and researchers of Politcal Economy.
Questions related to Political Economy
I am an evaluator of development programmes and have some experience in Montoring and Evaluation with national and international agencies in India.
I am doing a PH D on the above topic and have just started working on the same. Would be grateful if any forum members can share any research, experience or recommendations of how RCTs can help (or not) India in evaluating the ex ante and summative impact of development interventions. What is the political economy of RCTs and their promotion in India? Who benefits from such promotion? Who does not benefit? And most importantly, what are the right questions to ask to understand the above topic?
Pankaj Shrivastav
Abstract of the book:
The book is an original work presenting an ethical philosophy based on equal human rights. The author argues that only people with equal rights can make social knowledge objective. Considering that people have never had equal rights, social sciences have not discovered the essential point of their existence. Social scientists need to embrace social teaching based on equal human rights. Such knowledge would uncover the values necessary for a good life. Establishing equal human rights will bring radical reforms to the political economy, which can build a prosperous society.
Authorities have always suppressed equal human rights, so people cannot live in a prosperous society. Society has interrupted the equal right to work by allowing the existence of unemployment. Unemployed people must accept poorly paid jobs to feed themselves. It causes the exploitation of workers. Equal human rights are supposed to bring justice to the economy by shortening work hours until unemployment is removed. It will raise the demand for workers and their salaries in the free market until exploitation is eliminated. Then workers will have greater purchasing power, and the economy will grow. Such a policy would solve today's socioeconomic problems and build good capitalism.
Equal human rights are supposed to improve the economy significantly. One day, every worker will be able to work at every public work post they want at any time. Every public job post will be filled by a worker who offers higher productivity, more responsibility, and demands a lower price for current work. It is nothing but a developed work market open at all times. Such an economy cannot be realized soon, but once people establish it, private companies will lose the productivity battle with public companies, which will send capitalism down in history. This idea presents an enormous opportunity for socioeconomic improvement to build good socialism.
Finally, equal human rights mean that all people should have equal legislative, judicial, and executive powers. Everyone should get equal rights to evaluate others for whatever they do. Each positive evaluation should bring a small award to the assessed person, and each negative assessment should result in a minor punishment. Such a policy would make everyone work hard to please others and avoid hurting anybody. This has to create a good society. The equal evaluating power among people presents a new form of democracy, and the freedom of evaluation gives a new state of anarchy. Therefore, such a policy can be called democratic anarchy. Democratic anarchy alone should be capable of building a prosperous society.
Ultimately, the book argues that nothing more than equal human rights is needed to create a good society, and nothing less can make it. Once people accept equal human rights, they will unconditionally create a bright future for humankind, as presented in the book.
The book is presented here:
Why not in University promotions Open access (you pay for publication and low quality mostly) and not open access (dont need to pay and high quality mostly).
Still they are considered same mostly. It brings the people with more money or willing to pay more money for publishing even trash in paid journals at higher seats and they becomes policy makers then and are destroying research culture specially in the under developed counties. Paid journals shouldnt have half or no value for promotions?
The study may take time 6 months to 1 year.
Preferably the scholars/professionals with the background of Economics, Political Economy, Finance, Policy, Planning, Public Policy, Education Policy, Educational Policy and Planning, or allied.
In your opinion, what are the main aspects of political economy ?
Political economy is a social science that studies production ,trade and their relationship with the law and government through it policies and regulations.
We are currently facing numerous challenges to industrial transformation in most of the countries South of the Sahara. For example, most of our natural resources be it coffee, cotton , gold, oil, diamond etc are exported raw only to be value added in the developed world and re exported to us. In reality we are getting a small proportion of the profits. Moreover, most of our citizenry remains unemployed or at best underemployed.
Analysis of guaranteed income as a key element of pro-development, anti-crisis, anti-cyclical socio-economic policy?
Can guaranteed income be an effective instrument for pro-development, anti-crisis, counter-cyclical and, under certain economic conditions, Keynesian socio-economic policy?
What should be the state of state finances, what level of security, indebtedness, possible public debt and budget deficit would be possible to enter guaranteed income into the policy of socio-economic policy?
How should a system of guaranteed income rationing be established in the society in order for this instrument to effectively increase the level of consumption and investment in the economy?
Should a system of income guaranteed rationalization be built so that this instrument of pro-development, anti-crisis, anticyclical socio-economic policy would also meet the long-term goals of counteracting unfavorable changes in the demographic structure of society, i.e. the aging population in a given country?
I have answered these questions in my scientific publications whose links I have posted below.
In view of the above, inviting you to discuss the above issues, I am asking you the following question:
How should a guaranteed income system be built as part of a pro-development socio-economic policy?
Please reply
I invite you to discussion and scientific cooperation
Dear Friends and Colleagues of RG
The issues of specific programs to improve the economic, financial, material and housing situation of households as key instruments of pro-development state intervention and significant components of the socio-economic policy of the state I described in the publications:
I invite you to discussion and cooperation.
Best wishes
I'm working in the broad field of political ecology and I'm currently co-authoring an article about the social-ecological consequences of the digital economy (material anchor, territorialities, conflicts). I'm therefore looking for literature about the digital economy I might have missed so far. I'm pleased about all suggestions. Many thanks in advance!
COVID-19 exposed many divisions among countries and prevented the formation of a united front to combat this pandemic. Even the very closely networked blocs such as ASEAN and EU failed to coordinate their efforts to combat COVID-19 because of national interest. Undermining the world organizations such as WHO, ICOJ, and the United nation various agencies are not painting a very good picture of what to come in the future. Can globalization survive?
I'm looking for such theories which are more efficacious to analyze the news-framing except the Political Economy Theory.
President trump tested the American democracy at every step of the way and failed so far. What would be his next move?
I'm looking into the question about how social uprisings (social movements, revolts, protests, etc.), particularly those who have a substantive violent character, elicit institutional change. I'm specifically interested in democracies (young or middle-aged) that exhibit a relevant degree of perceived unfairness and/or objective structural inequality, and in countries where the status quo institutional arrangement is "rigid" in a sense (many or some gridlocks are present).
Hence, I would be most grateful if you can share with me some references. Additionally, if you know of studies that emphasize quantitative methods, that would be very beneficial to my research.
Many thanks in advance, and I hope this message finds you safe and well.
Ignacio.
Accusation between the US and China is becoming a daily affair and gaining momentum. The two economic and military superpowers are moving away from collaboration and inching towards confrontations in most issues.
is the problem "unfair trade"only ? or, there are other issues? Is China becoming powerful enough that Washington feel threaten?
How is this going to affect the rest of the world?
What I really interested in is to understand whether cross-country differences in political regimes are stemming from variations in cultural/religious factors or they are just results of differences in economic conditions such as the distribution of wealth, income, or power.
The question is simply intended to understand and explore on the nature of global economy, whether it is based on relationship of independence, dependence or interdependence .
We are planning to ensure that our strategic objectives suit the needs of the business sector. Nowadays, universities need to know how to build cooperation between science and society? Although companies have their R+D+i areas and labs Are Universities the key actors to improve the results of scientific research? Should Universities ensure that professionals trained by the universities meet the requirements of the business sector? To avoid that graduates from a profession delay too much in adapting to a job would it be Important that they practice a career in the corporate sector to ensure better performance?
I would like to know where to identify the boundary between these two concepts.
Before implementing a pension reform some conditions and measures have to be taken mainly in political, social and administration era. For example, in political scope, different parties and unions have to yield a consensus to prevent likely protests after the reform. In the other hand, some measures have to be taken after the implementing the reform as well.
I need some articles that study the experience of other countries in taking (or even no taking) the above measures.
Any help is appreciated.
Regards.
How to measure the political situation of a country to understand its impact on the country's economy and financial market.
This morning I browsed through the "e-version" of The Nikkei Asian Business Review. The edition carried normal business and economic stories, but in addition, I saw about six (6) or so stories on COVID-19 or Corona Virus. The content of the different COVID-19 related topics included what most people all over the world see everyday; the number of new cases, the death toll etc., In addition to this however, one sees a lot of content COVID-19 impact on trade, politics, economy etc.,
The question I have, to experts in the field are as follows:-
- How long do you think it will take for the spread of the virus to reach maturity stage, after which the spread plateaus and start declining.
- Are there parallels between COVID-19 and other viruses that broke out before
- What will be the true cost of COVID-19, to societies and communities, economies and politics?
It has many 'Karma" or activities to be Hindu such as yoga, aasan, sanskar, puja etc. but people seem not internalizing all these at present.
Who has coined the term “Say’s law”? Is it Keynes or is there any predecessor to him? Suppose someone has coined this term. Is it the same idea that John Baptiste Say wanted to express in his famous chapter on Débouchés?
In my opinion, classical writers like J. B. Say and David Ricardo only wanted to say that economic growth is possible against the claim that it is not. For example, Ricardo picked up this topic in Chapter 21 which has a title: Effects of Accumulation on Profits and Interest. This proves what situation Ricardo was thinking.
If my hypothesis is approved, that Say and Ricardo claimed Say's law in the meaning that John M. Keynes had given in his General Theory. It seems to me that Keynes attacked Say and Ricardo by his self-invented scarecrow.
The Pareto Optimality:
This efficiency criterion was developed by Vilfredo Pareto in his book “Manual of Political Economy”, 1906. An allocation of goods is Pareto optimal when there is no possibility of redistribution in a way where at least one individual would be better off while no other individual ends up worse off.
A state of affairs is Pareto-optimal (or Pareto-efficient) if and only if there is no alternative state that would make some people better off without making anyone worse off. More precisely, a state of affairs x is said to be Pareto-inefficient (or suboptimal) if and only if there is some state of affairs y such that no one strictly prefers x to y and at least one person strictly prefers y to x. The concept of Pareto-optimality thus assumes that anyone would prefer an option that is cheaper, more efficient, or more reliable or that otherwise comparatively improves one’s condition.
Originally, the Pareto Principle referred to the observation that 80% of Italy’s wealth belonged to only 20% of the population. More generally, the Pareto Principle is the observation (not law) that most things in life are not distributed evenly. It can mean all of the following things:
- 20% of the input creates 80% of the result
- 20% of the workers produce 80% of the result
- 20% of the customers create 80% of the revenue
- 20% of the bugs cause 80% of the crashes
- 20% of the features cause 80% of the usage
- And on and on…
Does terrorism in the world have any impact on International Oil Prices
Is economic cooperation and trade between the world's largest economies developing or is this cooperation diminishing due to the current trade wars?
Does the current policy of limiting trade by imposing new prohibitive tariffs and other protectionism instruments of current trade wars may lead to such a serious slowdown in economic growth that it may lead to a global economic crisis?
Please reply
I invite you to the discussion
Thank you very much
Dear Friends and Colleagues of RG,
The issues of risk management in the context of determinants of the global financial crisis, globalization processes, technological progress and other factors I described in the publications:
I invite you to discussion and cooperation.
Best wishes
One problem is that the SSE remains vaguely delineated. Can we sharpen the definition? The SSE is credited by analysts for poverty reduction, provision of essential services at low costs, building of solidarity among participants, and reducing the strains of a competitive capitalist economy. Can SSE fulfill any or all of these important goals.?
The global economic system is simply a combination of multiple political economies, all seeking control to make good on promises made to the voting population at large. Currency manipulation has become the atomic bomb of the 21st century and has destroyed /capped the lives of innocent bystanders, there by creating a human rights epidemic. Are there solutions available to the people?
I am looking for an introductory textbook on 'political economy'. Any suggestions?
Dear colleagues:
I would like to remove this article from one of my projects (political economy of natural resources), and leave it in the other (colonial and decolonization history). Could you do that for me? I haven’t gotten to do that:
Yours,
Alicia
The whole world is putting a lot of attention to how to deal with extreme democratic outcomes(EDO) like USEXIT and BREXIT and their implementation, but normal engagement channels to counteract it or slow it down or create the conditions for future change do not seem to be working….
Should political strategies that work under normal democratic outcomes(NDO) be expected to work in the world of extreme democratic outcomes(ED0)?. If think, No, but the opposition to the extreme democratic outcome and policies appear to think that they do as they keep using them…apparently with no much luck, what do you think?
Development economics is a plus of traditional economics and political economy. Does the development economists in the Sub-Sahara really set up research in the area, especially, the academics in Nigeria?
This is the text of article 33 of the Italian Constitution. Is this principle correct? Is it applied in your country? What are you willing to sacrifice to defend it? In 1931, only 12 university professors in 1200 refused to pledge allegiance to fascism in Italy, and they were fired or imprisoned. What would you think about?
It has become commonplace to refer to colonialism, or some of its declinations such as post-colonialism or coloniality, as general terms to situate contemporary social exclusion, marginality, and resistance. This conceptual choice has the great advantage of drawing attention to historical continuities between contemporary structures and the centuries-long reproduction of structures of domination. However, is it possible that the conceptual strength of this lumping also hinders our ability to understand the specific modalities of social injustice in various contexts and in different historical moments? Is it possible that this choice leads us to conflate, for example, colonialism, imperialism, capitalism, and modernity, as an overly coherent project? Your thoughts will be most welcome!
When we talk about conflict contagion and diffusion mechanisms, what happens when in one country the fighting stops, would it also stop across the border? I am planning at looking at mechanisms of conflict diffusion and look at how the halt or possible reversal of said mechanism actually affects the conflict propensity in the other country. Basically a supply side argument.Would you suggest a different angle?
I've been spending a great deal of time studying the topic of capitalist exploitation via increase in intensity and I'm having issues with the mathematics behind it.
Now, in the paper Duration, Intensity and Productivity of Labour and the Distinction between Absolute and Relative Surplus-value by Stavros Mavroudeas there is a formula which defines the how a total working time in a day from all workers is dealt out.
T= V+S
Where T is our total labor hours from all workers that day, V is the value paid out to workers and S is the surplus value gained from that working day.
Now total labor hours T can be broken down to the number of laborors that day and the hours each laborer works. mathematically this is:
T=hl
where h is the number of hours worked by each worker and l is the number of laborers working,it follows our identity is now:
lh=S+V
dividing both sides by lh.
1=(S+V)/lh
this negates what was taught by Dr. Stephen Resnick that capital intensity is:
I=(SV+V)/lh
where there is possibility of varying I, by Mavroudeas formulation of the problem this is impossible.
Based on this simple exercise, does exploitation via "speed up" or increase in labor intensity really exist?
For an upcoming roundtable at ISA Baltimore, I’d be happy to hear any predictions and ideas you might have about the future relationship between Canada and the United States under a Trump Administration.
Relatedly, how does this affect the relationship between Europe and Canada - will it lead to more or less cooperation in economic, security and other policy areas?
How has it affected trade unions? What can trade unions do in response?
I NEED TO INVESTIGATE BLACK MONEY. SO NEED PROXY OF IT.
Among the Asante of Ghana, family property is considered as one that belongs to the living (in the material world) and the dead (ancestors who live in the spiritual world). It serves as social security for the family. Money, a house or land are examples. Because of the spiritual (ancestral) connection, such properties are not disposable. Land for example, is not supposed to be sold. Money lent to a family member has to be refunded before s/he dies.
I really want to know examples of both fiscal and economic costs of corruption(definitions)
Will there be global crises in sight?
I am interested in data related to the shift of investments from industrial countries to developing countries in the field of renewable energies, due to the end of incentives in industrial countries.
Hello experts, i want to work on the effect of government increasing external debt on financial markets, i want to know if there is existing theory or literature related? Also if there is the need to use an overlapping generation model to determine the payback procedure?
I heard on NPR news this morning that there is a huge global shortage of sand because of construction and silicon chips. I wonder if your project considers sand as part of the soils ecosystem. The report stated that the one remaining Sand Mine in California, USA, was being closed. The report stated how gangs were starting to take over areas where fights were breaking out over sand, like in India and Indonesia.
Anyhow, I wonder if you included this sand shortage in the scope of your project.
if possible any web link or any reference?
The question may be answered with regards to the future of these policies.
The American Civil War was both a tragedy and a crowning event in the evolution of the United States. Two very different societies with very different ideas about how America should develop clashed in a war of a magnitude that no one imagined.
Was the war inevitable? Was it really about freeing slaves? What were the real causes of the war?
I am looking into literature that explains which incentives a country has to introduce policy assessment tools for legislation enacted by Congress or the Parliament. For example, there is a vast literature on government accountability that explains why governments would adopt these tools on secondary regulation (oversight, address delegation problems, etc.). However, for the case of primary legislation it is not as clear to me what justifies it from a Law and Economics or Political Economy perspective, or even just legal.
Looking for examples with highly educated populations and a high GDP per Capita
Sport events promiss a lot according all kind of officials. What remains after the event and all the investments? Which partnerships were triggered by these events and continue doing their good work for the population?
why and how political institutions can moderates the negative economic effects of remittances on economic growth
Michael Mackenzie's last Sunday The Long View article, (FT July 2, 2017, "Taper tantrum II lacks summer blockbuster status,") describes the conditions that indicate that the credit crisis is not over. It should be evident from bonds, yields, low productivity and rising debt that it is a crisis like a slow Jim Dine Fluxus car crash. Given the fact that central banks cannot raise interest rates or sell their debt without initiating a crash, demonstrates that debt is overhanging economic recovery. Too many "zombie" banks and businesses are surviving on basically the free money central banks have provided with continued refinancing of bonds and new credit. Wages are still flat across the globe from England to Japan (even with historic labor shortages as in Japan, see Robin Harding, FT July 2 2017, "Japan labour shortage hits 43-year high but no sign of rising prices").
If we revisit Ben Bernanke's writings on the Great Depression (2002) we find him faulting intervention as a source of instability, James B. Steward of the New York Times said this in 2011 evoking the "recession within a depression" idea of mistiming intervention:
"The events of the last few weeks — gridlock in Washington, brinksmanship over raising the debt ceiling, Standard & Poor’s downgrade of long-term Treasuries, renewed fears about European debt and a dizzying plunge in the stock market — bear an intriguing resemblance to some of the events of 1937-38, the so-called recession within the Depression, with a major caveat: it was a lot worse back then." But for all the debate over the timing of the government action in 1937, the results were a new low of depression of economic activity.
Only the arrival of WWII allowed sufficient intervention, and kinds of it, as well as duration that had been blocked by the Republicans then as now. Price, rent and consumption controls, limitations on credit and massive and sustained government action directed employment and production as well as investment. We will not see an end to the present crisis until we have some like process. One might argue that the Chinese are doing this, and perhaps that is what is sustaining their economy. We shall see.
Niccolo Caldararo, Ph.D.
Dept of Anthropology
SFSU
Remarks by Governor Ben S. Bernanke, At the Conference to Honor Milton Friedman, University of Chicago, Chicago, Illinois November 8, 2002, On Milton Friedman's Ninetieth Birthday, The Federal Reserve Board: https://www.federalreserve.gov/boarddocs/speeches/2002/20021108/default.htm ;
James B. Steward, "Aftershock to Economy Has a Precedent That Holds Lessons," NYT, Aug, 12 2011.
I read few books, including Beverly J. Silver on global proletariat (and automotive industries), but while writing about private automobilism from Marxist perspective and still feel, that something is missing. Maybe You know analysis of the cars as commodity fetish, or its role in alienating people from each other and from nature?
- the question is especially focused on Dutch civil law
In his five stages of economic growth, Rostow assumes the first stage of economic growth "traditional society" is a subsistence economy (growing, hunting or gathering). Assuming that Rostow is correct, what is the best source of research /theory that addresses an economy that is at a subsidized (pre-Rostow) stage and working to grow to Rostow’s first stage of economic growth?
economic institutions mean economic freedom, rule of law, property rights, legal origin etc..
political institutions include political stability and instability, political system etc...
human capitals are year of schooling, human capital per capita, health care spending etc...
In the present era when most of people are debating over decline of democracy and liberal form of governance, what could be the potential alternatives that wolrd has?
based on the historical evidence.
I want to investigate forecasting before, during and after the financial crisis using daily stock prices, but I need a serious scientific method to identify the beginning of the fall in the stock index and its end. Any ideas?
Most people think of affluence as a one sided blessing. One need not worry about food or clothing or shelter. But there are problems, very real problems, associated with affluence that are quite daunting, and in need of attention. Control, secrecy, theft, are only a few of these problems.
My question is: for how much longer are the community of students and teachers to be fooled by confusing theories about macroeconomics?
The universities are full of politically biased narrow-minded teachers of the old and messed-up theories in economics that were spoiled over a century ago when John Bates Clark and his friends responded to the industrialists and unions by claiming wrongly that both land and buildings are capital. The confusion that resulted has enabled student to pass their exams without they or their teachers really needing to properly understand their subject!
My recent book "Consequential Macroeconomics--Rationalizing About How Our Social System Works" has at last converted the old pseudo-science into a real one and I would be most glad to share it for free with any serious/sincere student or teacher. Write to me at chesterdh@hotmail.com for an e-copy. Or if that is too much, at least answer the question posed above.
I quote from the Columbia University economist and Nobel Laureate, Joseph Stiglitz:
Asymmetries of Information and Economic Policy
This year's Nobel Prize in Economic Sciences went to George Akerlof of the University of California at Berkeley, Michael Spence of Stanford University, and myself for our work on "asymmetry of information.'' What is that work about and why did we undertake it?
For two hundred years, economists used simple economic models that assumed that information was perfect - i.e. that all participants have equal and transparent knowledge of the relevant factors. They knew that information wasn't perfect, but hoped that a world with moderate imperfections of information would be akin to a world with perfect information. We showed that this notion was ill-founded: even small imperfections of information could have profound effects on how the economy behaved.
The Nobel committee cited our work on `"asymmetries of information,'' an aspect of imperfections of information caused by the fact that different people in a market know different things. For example: the seller of a car may know more about his car than the buyer; the buyer of insurance may know more about his prospects of having an accident (such as how he drives) than the seller; a worker may know more about his ability than a prospective employer; a borrower may know more about his prospects for repaying a loan than the lender. But asymmetries of information are only one facet of information imperfections, and all of them - even when small - can have large consequences.
George Akerlof and I were classmates at MIT in the early 1960s. We were taught the standard models of the day, but they made little sense to us. These models rather simplistically said that demand equaled supply. The joke was that you could teach a parrot to be an economist simply by repeating "demand and supply.'' This produced rather curious results. If the demand for labor equaled the supply, for example, there couldn't be any unemployment.
---End quotation
See:
Part of the interest of the concept for policy studies is the implication that under conditions of asymmetric information, market economies perform poorly; and presumably, the greater the asymmetries, the worse the performance. There is reason to think that asymmetries of information have been growing quite significantly.
Japanese Institutionalist economists who love Japan more than they love their economic hallucinations
Is it Economical policies
or
Political Economy
In the last few years, there appears to be a rise in the use of the work-to-rule strategy when negotiations stall. It is a bargaining tactic used by unions in which its members only perform those job responsibilities, the minimum required, that are clearly articulated in the collective bargaining agreement and/or in policy. It is hoped that the resulting slowdown will have a negative impact on the employer, thus creating a change in their bargaining position. In the case of education, work-to-rule is aimed at the service provided to students.
countries use their foreign exchange reserves to keep the value of their currencies at a fixed rate, could be replaced with Cryptocoin
My university has begun charging an arbitrary "maintenance fee" as a percent of unrestricted research accounts (e.g. reverse interest).
Are you aware of any other university that does this?
If so - do you have any recommendations on how faculty can save enough unrestricted funds for a large purchase (e.g. a PhD student-year or research equipment) without having it potentially undercut by an arbitrary fee hike in the future?
I can found a lot of scholarly studies about the technique of futures markets (both commodity and financial produces), about they work and about their general utility, but I am searching ideas about explaining why a government or international organisations would prefer a future trade instead of other forms of market governance and pricing system.
I think that the interesting point about innovation is uncertainty. However, by studying its structure, its propagation.. one can raise some arguments about R&D policies. Disruptive Innovation is part of what they call, in Schumpeterian economics, creative destruction. That's why decision making is by far more important than models in Innovation. That's the reason why reaction is critical in Innovation policy. And, finally, at the very end, knowledge and understanding of history shapes our view of big picture which is catalytic in decision making.
Hello!
I am writing my thesis project proposal this summer and need to find theories on business development/growth. I am building a marketing campaign for a local bank whose overall goal is to increase growth (deposits, investors, etc.).
Thanks!
Shell Shock is a Trauma of war is necesay that the book to talk about of the WW1(world war one)
USA pulling out of Paris Climate accord. Will it undermine the climate change initiatives? what are the possible immediate and future impact of this pull out?
This is from the book "Banks and Bad Debts" where Alan Greenspan supports the view of regulator competition in the context of Non-performing assets.
