1. Generalising the political economy of structural change: A Structural Political Economy approach.
- Author
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Cardinale, Ivano and Landesmann, Michael
- Subjects
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COVID-19 pandemic , *POLITICAL change , *SOCIAL groups , *MANUFACTURING processes , *BOUNDARY disputes - Abstract
• The paper generalises the classical approach to structural change. • It brings together different ways of aggregating sectors and social groups. • Economic interdependencies can act as constraints to political-economic conflict. • Sectors and groups can hold different understandings of the system. • Such understandings and material and political conditions shape endogenous dynamics. The paper builds on the classical understanding of the interplay between material processes and political conflicts, but generalises it in several key respects. This approach does not assume relevant political-economic aggregations ex ante (such as industries or 'classes'); rather, it explores different possible ways of aggregating social groups and defining their interests depending on the situation under investigation. Moreover, interdependencies in the economy impose the need to keep conflicts within boundaries that are compatible with the viability of the system. Because sectors and groups can be aggregated in different ways, dynamics also depends on how actors represent the system and their position therein, and hence what they understand their interest to be. Different representations give rise to different definitions of competing interests and viability requirements, which in turn generate different endogenous dynamics of the political-economic system. The approach is illustrated through the examples of the Eurozone crisis and Covid-19 crisis. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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