Principles of Institutional and Evolutionary Political Economy

ISBN-13: 9789811941603 / Angielski / Miękka / 2023

Phillip Anthony O’Hara

Opis

This is the very first book to explicitly both detail the core general principles of institutional and evolutionary political economy and also apply the principles to current world problems such as the coronavirus crisis, climate change, corruption, AI-Robotics, policy-governance, money and financial instability, terrorism, AIDS-HIV and the nurturance gap. No other book has ever detailed explicitly such core principles and concepts nor ever applied them explicitly to numerous current major problems. The core general principles and concepts in this book, which are outlined and detailed include historical specificity & evolution; hegemony & uneven development; circular & cumulative causation; heterogeneous groups & agents; contradiction & creative destruction; uncertainty; innovation; and policy & governance. This book details the nature of how these principles and concepts can be used to explain current critical issues and problems throughout the world. This book includes updated chapters that have won two journal research Article of the Year Awards on climate change (one from the European Association for Evolutionary Political Economy, EAEPE); as well as a Presidential address to the Association for Evolutionary Economics (AFEE) on corruption.The structure of the book starts with two chapters on the principles of institutional and evolutionary political economy: firstly their history, and secondly a chapter on the contemporary nature of the principles and concepts. This is followed by nine chapters applying some of the core principles to current world problems such as the coronacrisis, climate change, corruption, AI-robotics, policy, money & financial instability, terrorism, HIV-AIDS and the nurturance gap. The book finishes with a conclusion, a glossary of major terms and an index. The author’s principles are well established in the literature and this book provides a detailed exposition of them and their application.

Spis treści

Chapter 1. Introduction

1.1. Concepts and Principles

1.2. Principles and Problems of the World: The Chapters

References

Chapter 2. History of Concepts and Principles

2.1. Introduction

2.2. Proto-Institutional and Evolutionary Science

2.3. Principles of Thorstein Veblen

2.4. Keynes, Schumpeter and Later Evolutionary Institutionalists

2.5. Contemporary Institutional and Evolutionary Political Economy

2.6. Conclusion

References

Chapter 3. Contemporary Institutional and Evolutionary Concepts and Principles

3.1. Introduction

3.2. Historical Specificity and Evolution

 3.2.1. Evolution of Capitalism, Trust and Uneven Development

3.3. Heterogeneous Groups and Agents

3.4. Circular and Cumulative Causation

 3.4.1. CCC, Emergence and Complexity

3.5. Contradictory Dynamics

3.6. Uncertainty

3.7. Innovation

3.8. Policy and Governance

 3.8.1. Progressive Agenda for Change

 3.8.2. Trust, Community and Destructive Creation

 3.8.3. Entropy, Precautionary Principle and Minimal Dislocation

3.9. Concepts and Principles used to Examine Problems in this Book

3.10 Conclusion

References

Chapter 4. Global Coronavirus Pandemic Crisis

4.1. Introduction

4.2. Political Economy of the Coronavirus Pandemic

4.3. Historical Evolution of the Coronavirus Crisis

4.4. Heterogeneous Groups and Agents

4.5. Circular & Cumulative Causation and Contradictions of Coronacrisis

4.6. Uncertainty and the Pandemic

4.7. Preparedness Policies, Uncertainty and the Future

4.8. Conclusion

References

Chapter 5. Climate Change

5.1. Introduction

5.2. Historical Specificity of Climate Change

5.3. Contradictions of Climate Change

5.4. Uneven Development of Climate Change

5.5. CCC and Uncertainties of Climate Change

 5.5.1. Shared Socioeconomic Pathways

 5.5.2. Cascading Tipping Points

5.6. Conclusion

References

Chapter 6. Corruption

6.1. Historical Specificity of Corruption

6.2. Contradictions of Corruption

6.3. Uneven Development of Corruption

6.4. Conclusion

References

Chapter 7. Artificial General Intelligence and Autonomous Humanoid Robotics

7.1. Introduction: ‘hetero autonomia humanio roboto’

7.2. Artificial Intelligence and Robotics in Historical Perspective

7.3. CCC: Philosophy & Micro-Meso A(G)I Political Economy Principles

7.4. Contradictions Between the Two Main Schools of A(G)I

7.5. Neurobiological Political Economy Design Principles of Brain-Body-Environment Interaction for Embodied Cognition AGI-AHR

7.6. Conclusion

References

Chapter 8. Policy and Governance

8.1. Introduction

8.2. Science of Provisioning

8.3. Disembedded Economy

8.4. Contradictions

8.5. Circular and Cumulative Causation

8.6. Uneven Development

8.7. Conclusion

References

Chapter 9. Money and Credit Circuits, Cycles and Crises

9.1. Introduction

9.2. Waves and Phases of Industrial-Financial Capitalism

9.3. Dynamic Circuit of Money Capital

9.4. Endogenous versus Exogenous Money and Credit

9.5. Financial Instability Hypothesis

9.6. Global Money, Payments and Prices

9.7. Chartalism and Modern Monetary Theory

9.8. Conclusion

References

Chapter 10. Terrorism and the War on Terrorism

10.1. Introduction

10.2. Contemporary Terrorism: Nature and Trends

10.3. Terrorism: Low Fatality Risk, High System Risk

10.4. Technology Promotes Terrorism

10.5. Attempt to Reestablish Strategic US Hegemony Encouraged Terrorism

10.6. Global Deregulation Expands Terrorism and Radical Islam

10.7. Policy Issues and Measures

10.8. Conclusion

References

Chapter 11. HIV and AIDS

11.1. Introduction

11.2. Social History of HIV-AIDS

11.3. Natural History of HIV

11.4. Global Distribution of HIV-AIDS

11.5. Details of Natural History of HIV: Heterogeneous Groups

11.6. Natural History of HIV-AIDS in Individuals: Contradictions and Heterogeneous Groups

11.7. Cofactors and Causal Controversy: Contradiction

11.8. Crisis in Social Reproduction during High Trajectory Period

11.9. Global Governance and Innovation

11.10. Conclusion

References

Chapter 12. Love and the Nurturance Gap

12.1. Introduction

12.2. Historical Specificity of Love: Collectivist and Individualistic Economies

12.3. Circular and Cumulative Causation: Love Styles and Core Factors

12.4. Contradictions of Love Styles: General and Within Neoliberal Capitalism

 12.4.1. Contradiction between Markets and Nurturance

 12.4.2. Contradiction between Individual and Society

 12.4.3. Contradiction between Love Freedom and Constraint

12.5. Love Phases through Path Dependence, Evolution and Instability

12.6. Conclusion

References

Chapter 13. Conclusion

Glossary

Author Index

Subject Index

O autorze

Phillip Anthony O’Hara has been Director of the Global Political Economy Research Unit (GPERU) since 1998; and President of the Association for Evolutionary Economics (AFEE) 2013-14. He won Prizes for Book of the Year and Refereed Journal Paper of the Year from the European Association for Evolutionary Political Economy (EAEPE); plus Researcher of the Year, Book of the Year and Refereed Journal Article of the Year (twice) from Curtin Business School. In 2015, he presented the Inaugural Fred Lee Memorial Lecture in Heterodox Economics at the University of New South Wales. During 2018 and 2022, he was invited as Special Guest Speaker to the annual EAEPE conferences in Nice and Naples, respectively.

He has published over a hundred articles in refereed journals and edited books; and 14 volumes of books and special issues of journals, including two multi-volume encyclopedias (one on political economy, the other on policy); and is on the Editorial/Advisory Boards of several journals, including the Review of Evolutionary Political Economy (linked to EAEPE); Panoeconomicus (Serbia-based); the International Journal of Pluralism and Economics Education (USA); and Terra Economicus (Rostov-on-Don, Russia). He recently completed this book on Principles of Institutional and Evolutionary Political Economy: Applied to Current World Problems (Springer 2022); and is working on several others, including Long Waves, Economic Crises of Capitalism and Social Structures of Accumulation: Principles and Empirics; as well as a Global History of the World.