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Political Economy, Institutions and Virtue
This book engages with a radical critique of the modern state and the contemporary economic order: Alasdair MacIntyre’s ‘revolutionary Aristotelianism’ project. Central to this critique is the idea that the moral norms that markets and states tend to reproduce or reinforce are an obstacle to the development of practical judgement. The book outlines MacIntyre’s theory of practical reason and discusses some of the institutional arrangements that can be derived from it. It also explores the growing body of literature which has started to examine the extent to which alternative forms of social organisation might be more compatible with MacIntyre’s account of the virtues. This literatur...
Political Economy, Institutions and Virtue
This book engages with a radical critique of the modern state and the contemporary economic order: Alasdair MacIntyre's 'revolutionary Aristotelianism' project. Central to this critique is the idea that the moral norms that markets and states tend to reproduce or reinforce are an obstacle to the development of practical judgement. The book outlines MacIntyre's theory of practical reason and discusses some of the institutional arrangements that can be derived from it. It also explores the growing body of literature which has started to examine the extent to which alternative forms of social organisation might be more compatible with MacIntyre's account of the virtues. This literature includes...
The Polycentric Republic
The Polycentric Republic presents a compelling and innovative critique of modern social contract theory. It reveals how the social contract theory systematically neglects the interests and prerogatives of non-State associations and legitimates an imposing sovereign State that jeopardizes the freedom and integrity of communities and associations under its rule. Drawing on neo-Aristotelian virtue ethics, institutional theory, and political history, the author invites us to reimagine civil order in a way that is more friendly to the diverse interests and prerogatives of non-State communities and organizations, from churches, schools, and universities to farming co-ops, businesses, villages, and...
Economics of Social Relations
Starting from the idea that economic relations are social relations, and every economic fact is first a social fact, this book explores one of the crucial problems within economic science: how to embody the social dimension into the study of economic reality from a critical perspective. This book opens with an examination of the concept of social capital, incorporating all the approaches from the last 30 years of analysis. It reviews the two main orientations of existing research programmes in social capital: the macro or culturalist perspective and the micro or individual social capital. Furthermore, it proposes a reconstruction of the theory from a micro perspective. Finally, taking this a...
Christianity and Market Regulation
Scholars from around the globe and across faith traditions consider the impact of Christianity on the regulation of markets and economic systems.
Liberal Responses to Populism
Populism has taken root almost everywhere in the West. It is crucial to understand how it has come about, where its antagonistic worldview, its nativism, its illiberalism and its anti-pluralism will take us, and how we should seek to fend off this threat to liberal democracy. In particular, what could liberal answers look like? This book is a collection of essays written by young and senior scholars in various fields from philosophy to economics. Part I explores populism’s nature and causes, shedding light on the lure of sovereignty, the perceived representation gap and the process of radicalization, and human psychology. Part II is dedicated to observations inside the political arena, pit...
Neoliberal Social Justice
This timely and provocative book challenges the conventional wisdom that neoliberal capitalism is incompatible with social justice. Employing public choice and market process theory, Nick Cowen systematically compares and contrasts capitalism with socialist alternatives, illustrating how proponents of social justice have decisive reasons to opt for a capitalism guided by neoliberal ideas.
Economic Liberalism and the Developmental State
This book provides a fresh perspective on the debate over the role of the state in East Asia’s development history. Comparing the post-war development policies of Singapore and Hong Kong, it argues that their strong economic performances preceded and persisted despite, not because of, developmental state policies. While both nations are not pure free markets, the Hong Kong economy comes closer to that ideal and exhibited clear advantages over state-driven Singapore, in terms of greater levels of indigenous entrepreneurship, productivity and innovation. The book highlights the complex ways in which states penetrate markets, which are often neglected in liberal accounts of Hong Kong and Singapore as ‘free-market success stories’. At the same time, it also stands as a cautionary tale on the use of non-comprehensive development planning in the twenty-first century, where an unprecedented degree of complexity complicates economic policy and industrial upgrading. The book renews the case for economic liberalism in development policy through a unique Asian cultural lens.
Normative Economics in the History of Economic Thought
This book examines the role of normative economics in the writings of Karl Marx, Ludwig von Mises, Milton Friedman and Karl Popper. The book shows that while distinguishing positive from normative economics can be helpful, this distinction should not minimize the importance of normative economics or reject the possibility of offering objective evaluations of social phenomena and policies in normative economics. The book offers a critical assessment of the attempts by Marx, Mises and Friedman to reduce scientific economics to the positive analysis of social phenomena alone. Through a meticulous analysis of their work, the book shows that their positive theories fail to justify their evaluatio...
Freedom in Contention
Social movements have been implicated in long-term societal transformations, helping bring about political democratization, economic freedom, and social equality. In recent years, movements such as Occupy Wall Street, the Arab Spring, and Black Lives Matter have organized protests, and other contentious activities, against varied injustices in the world today. But what are social movements, how do they work, and what are their impacts upon society? In this landmark contribution, social movement activities and outcomes are understood through the lens of liberal political economy. This approach emphasizes dynamic collective choices within multi-faceted economic, political, and social environme...
