Search results for " political economy"

Freedom and the Pursuit of Happiness

2014

This book is about the relationship between different concepts of freedom and happiness. The book's authors distinguish three concepts for which an empirical measure exists: opportunity to choose (negative freedom), capability to choose (positive freedom), and autonomy to choose (autonomy freedom). They also provide a comprehensive account of the relationship between freedom and well-being by comparing channels through which freedoms affect quality of life. The book also explores whether the different conceptions of freedom complement or replace each other in the determination of the level of well-being. In so doing, the authors make freedoms a tool for policy making and are able t…

The term “political oeconomy” in Adam Smith

2020

This article analyses the use of the term “‘political oeconomy” in the Wealth of Nations, considered by many the founding text of the discipline of Political Economy. It shows that Adam Smith could not accept the use of the term “political oeconomy” that had been made by other authors to indicate the subject matter of his scientific inquiry, devoted to the nature and causes of the wealth of nations; he used the term “political oeconomy” as a synonym for economic policy, especially in the fourth book of the Wealth of Nations. In order to understand this statement, it is necessary to keep in mind the methodological and epistemological perspective developed by Smith; in his view, the inquiry i…

The European Union as a normal international actor: an analysis of the EU Global Strategy

2019

For a long time, the European Union (EU) has been described by many scholars and policymakers as a civilian and a normative power. This article argues that these concepts do not accurately capture the foreign policy behaviour of the EU as prescribed in the European Union Global Strategy (EUGS). It first situates EU identity and role played in international relations within role strain theory. Then, it notes that the EU has difficulties fulfilling duties connected with its international identity and role. The second part of the article uses three indicators to examine whether the EU is pursuing ‘normal’ international actor status or not, drawing on the Strategy and relevant literature to do …

Debates on European Integration. A Reader

2007

Friendship of the enemies: Twentieth century treaties of the United Kingdom and the USSR

2010

This article focuses on the use of the concept of friendship in the treaties of friendship concluded by the United Kingdom and the Soviet Union in the twentieth century. The range of reference of friendship and its usage by these two political rivals display a number of commonalities, which indicate a key role this concept plays in maintaining the existing order of interstate relations. The concept is conventionally used in the treaties marking the changes in the global or regional political settings. In the texts of these treaties appeals to friendship are made together with the expression of respect for state sovereignty, independence, borders and so on. It also appears as an exclusive an…

Europe as Empire: The Nature of the Enlarged European Union

2007

‘Mind the Gap: IR and the challenge of international politics'

2015

The discipline of International Relations (IR) for a long time of its history has developed in the form of Great Debates that involved competing paradigms and schools. More recently, it has been described as a cacophony of voices unable to communicate among themselves, but also incapable to provide keys to understand an ever more complex reality. This collection aims at evaluating the heuristic value of a selection of traditional paradigms (realism and liberalism), schools (constructivism), and subdisciplines (security studies and international political economy) so as to assess the challenges before IR theory today and the ability of the discipline to provide tools to make the changed worl…

The Political Economy of the World Bank. The Early Years

2009

This book covers the early years of the International Bank of Reconstruction and Development (IBRD), commonly known as the World Bank when it first confronted the issue of development as a fundamental part of its mission. The book is mainly concerned with how the Bank interpreted its mission and, more specifically, how its mission was born: what events shaped it, what cultural and ideological background influenced it and what was the historical context in which it arose. So this book is a contribution to the study of the prehistory of development, understood in its social and economic context. In this respect, the study of the early years of the World Bank offers excellent context for obser…

Le origini della Banca Mondiale. Una deriva conservatrice

2007

Nel secondo dopoguerra la Banca Mondiale dovette affrontare per la prima volta il problema del sostegno ai cosiddetti paesi in via di sviluppo, trovandosi costretta a riconvertirsi dal sostegno alla ricostruzione europea agli aiuti allo sviluppo nel resto del mondo. Una delle istituzioni attualmente ai vertici dell'economia mondiale attraversò allora una fase di definizione di quali dovessero essere i propri obiettivi e quali i mezzi per raggiungerli. Attraverso la consultazione di materiali d'archivio mai utilizzati prima d'ora, Alacevich indaga sulle istanze culturali, politiche e ideologiche che contribuirono a dare origine alle scelte di politica economica della Banca Mondiale nei confr…

Drastic innovation reduces firms’ incentives to create divisions

2020

I study a game in which two firms create independent divisions, then they choose whether to do R&D so as to reduce their divisions’ marginal costs, and then the divisions compete in the market. I provide necessary and sufficient conditions under which the game has an equilibrium in pure strategies, and I show that the game has an equilibrium only if each firm threatens that if the rival creates more divisions it will use R&D to foreclose the market. The case we find in the literature, in which firms flood the market with their divisions, should happen only in industries with low returns to R&D.