Capitalism and political power

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Capitalism and political power

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"Capitalism and Political Power" presents the author’s research spanning economics, law and politics. Its central idea is that governments need two components to consolidate their position: legitimation and economic power. Legitimation is conferred by popular support, and economic power is based on natural, temporary possession of capital. This concept draws on Nouriel Roubini and Jeffrey Sachs’ seminal research and on George Tsebelis’ political theory, looking at political systems as structures formed by separate political agents – “veto players”. Substantial evidence is provided that the more complex the political system is, the more capital it holds, and that the government has only a relative impact on redistribution of capital, decreasing ever since the mid-1980s, as political systems began to move towards simplification and standardization.


Krzysztof Waśniewski (b. 1968), Doctor of Economics, Assistant Professor at the Faculty of Management of the Andrzej Frycz Modrzewski Cracow University in Cracow, Poland. His interests, which earlier focused on corporate strategies, now also include institutional economics and other social disciplines such as law, political sciences and sociology.


Liczba stron214
WydawcaWydawnictwo Naukowe Scholar
ISBN-13978-83-7383-882-6
Numer wydania1
Język publikacjipolski
Informacja o sprzedawcyePWN sp. z o.o.

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  Contents
  Introduction     7
  Chapter 1. The constitutional state as a functional technology    11
  1.1. The classical, sociological canon set by Emile Durkheim
  and Max Weber    15
  1.2. Fernand Braudel and the “set of sets” theory    19
  1.3. Jurgen Habermas and discursive politics     22
  1.4. The utilitarian view of the state     25
  1.5. Thomas Malthus and the demographic factor     28
  1.6. The theory of social contract: Rousseau and Rawls     30
  1.7. Herbert Hart’s theory of law     33
  1.8. The division of powers in political systems     35
  1.9. Attempt at the classification of political systems     38
  1.10. The economic role of political institutions
  and Barry Weingast’s theory     40
  1.11. Recent evolution in political systems and in international
  relations     45
  1.12. Changes in international law    49
  1.13. Migrations     53
  1.14. International aid as an aspect of international relations     55
  1.15. Investor-state disputes and international law     61
  1.16. A tentative conclusion: political systems seen as technologies
  with a lifecycle based on efficiency     73
  Chapter 2. The fiscal function of constitutional states     90
  2.1. The main fiscal trends observable in the sample of 77 countries     96
  2.2. Bank lending, private debt and public debt     102
  2.3. The general issue of public debt     103
  2.4. Types and clusters of political systems in the sample
  of 77 countries     118
  2.5. Fiscal stances typical for political systems    121
  2.6. Conclusion – the institutional foundations of capital appropriation
  in political systems     133
  Chapter 3. Changes in the ways that capitalism works     137
  3.1. Environmental challenges     138
  3.2. Accumulation and depreciation of capital stock in the global
  economy    146
  3.3. The velocity of money    149
  3.4. The velocity of money and financial markets    159
  3.5. National case studies    167
  3.5.1. United States    169
  3.5.2. Bolivia    171
  3.5.3. New Zealand    175
  3.5.4. Mexico    181
  3.5.5. Israel    184
  Concluding remarks    187
  Bibliography    199
  Index of names    210
  List of Tables    213
  List of Figures     214
RozwińZwiń
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