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14249 results in Political economy

Page 231 of 713

The Protective State

The Protective State
  • Christopher Ansell
  • Published online:
    04 April 2019
    Print publication:
    18 April 2019
  • The modern state protects citizens from many different harms, from industrial accidents to airline crashes. This Element illuminates a distinctive politics of protection that transcends policy sectors as diverse as criminal justice, consumer protection, and public health. Adopting a comparative and historical perspective, the Element identifies common drivers of protective state-building as well as cross-national differences in the politics of protection. The Element concludes by examining political theories of the protective state, which seek to defend and critique the obligations for and the limits of state protection.

Institutional Economics
  • An Introduction
  • Stefan Voigt
  • Published online:
    28 March 2019
    Print publication:
    11 April 2019
  • Why is it that some countries become rich while others remain poor? Do markets require regulation to function efficiently? If markets offer an efficient way of exchanging goods, why do individuals even create firms? How are economic transactions organized in the absence of a state that could enforce contracts and guarantee property rights? Institutional economics has allowed social scientists to answer many fundamental questions about the organization and functioning of societies. This introduction to institutional economics is concise, yet easy to understand. It not only caters to students of economics but to anybody interested in this topical research area and its specific subfields. Both formal and informal institutions (such as customs, habits, and traditions) are discussed with respect to their causes and consequences, highlighting the important part they play for economic growth and development.

Policy Accumulation and the Democratic Responsiveness Trap
  • Christian Adam, Steffen Hurka, Christoph Knill, Yves Steinebach
  • Published online:
    25 March 2019
    Print publication:
    11 April 2019
  • The responsiveness to societal demands is both the key virtue and the key problem of modern democracies. On the one hand, responsiveness is a central cornerstone of democratic legitimacy. On the other hand, responsiveness inevitably entails policy accumulation. While policy accumulation often positively reflects modernisation and human progress, it also undermines democratic government in three main ways. First, policy accumulation renders policy content increasingly complex, which crowds out policy substance from public debates and leads to an increasingly unhealthy discursive prioritisation of politics over policy. Secondly, policy accumulation comes with aggravating implementation deficits, as it produces administrative backlogs and incentivises selective implementation. Finally, policy accumulation undermines the pursuit of evidence-based public policy, because it threatens our ability to evaluate the increasingly complex interactions within growing policy mixes. The authors argue that the stability of democratic systems will crucially depend on their ability to make policy accumulation more sustainable.

Page 231 of 713