Pub Date : 2022-01-02DOI: 10.1080/07078552.2022.2047479
Alban Mathieu
Abstract This aim of this study is to reinterpret optimum currency area (OCA) theory to assess the capacity of a monetary union to produce economic growth. Instead of utilizing OCA criteria to evaluate the costs and benefits of a monetary union, we use Kathleen R. McNamara’s framework to assemble them and analyze their interaction and effect on economic growth. First, we show that OCA theory is unable to address the question. Then, we develop a new framework and conclude that a monetary union brings structural deflation, economic divergence, and current account imbalances. Finally, we test these conclusions on the European monetary union. Post-Keynesian works are mobilized to show their concomitance with our framework in the second and third sections of this paper.
{"title":"Interpreting the European monetary union with OCA criteria","authors":"Alban Mathieu","doi":"10.1080/07078552.2022.2047479","DOIUrl":"https://doi.org/10.1080/07078552.2022.2047479","url":null,"abstract":"Abstract This aim of this study is to reinterpret optimum currency area (OCA) theory to assess the capacity of a monetary union to produce economic growth. Instead of utilizing OCA criteria to evaluate the costs and benefits of a monetary union, we use Kathleen R. McNamara’s framework to assemble them and analyze their interaction and effect on economic growth. First, we show that OCA theory is unable to address the question. Then, we develop a new framework and conclude that a monetary union brings structural deflation, economic divergence, and current account imbalances. Finally, we test these conclusions on the European monetary union. Post-Keynesian works are mobilized to show their concomitance with our framework in the second and third sections of this paper.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"103 1","pages":"19 - 35"},"PeriodicalIF":0.0,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47984227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-02DOI: 10.1080/07078552.2021.2000207
Martine August
Abstract This paper explores the links between housing, financialization, and inequality—as exposed by the COVID-19 pandemic. It focuses specifically on seniors’ housing (retirement and long-term care homes) and purpose-built rental housing, exploring how government cuts and retrenchment in the late 1990s created an opportunity for private profits for financial investors in housing that catalyzed a dramatic rise in “financialized” ownership of care homes, retirement properties, and multifamily rental housing in the province. Financial business strategies then generated a series of crises exacerbated by COVID-19. In rental housing, a crisis of affordability has led to displacement pressures and a COVID-related flood of evictions. In seniors’ housing, a crisis of care has been exposed by disproportionate deaths in long-term care and retirement homes nationwide. In Ontario, COVID-19 death rates were highest in financialized and corporate-owned for-profit homes, pointing to the downsides of prioritizing investor profits over housing, good jobs, and high-quality care. This paper is part of the SPE Theme on the Political Economy of COVID-19.
{"title":"Financialization of housing from cradle to grave: COVID-19, seniors’ housing, and multifamily rental housing in Canada","authors":"Martine August","doi":"10.1080/07078552.2021.2000207","DOIUrl":"https://doi.org/10.1080/07078552.2021.2000207","url":null,"abstract":"Abstract This paper explores the links between housing, financialization, and inequality—as exposed by the COVID-19 pandemic. It focuses specifically on seniors’ housing (retirement and long-term care homes) and purpose-built rental housing, exploring how government cuts and retrenchment in the late 1990s created an opportunity for private profits for financial investors in housing that catalyzed a dramatic rise in “financialized” ownership of care homes, retirement properties, and multifamily rental housing in the province. Financial business strategies then generated a series of crises exacerbated by COVID-19. In rental housing, a crisis of affordability has led to displacement pressures and a COVID-related flood of evictions. In seniors’ housing, a crisis of care has been exposed by disproportionate deaths in long-term care and retirement homes nationwide. In Ontario, COVID-19 death rates were highest in financialized and corporate-owned for-profit homes, pointing to the downsides of prioritizing investor profits over housing, good jobs, and high-quality care. This paper is part of the SPE Theme on the Political Economy of COVID-19.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"289 - 308"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46727434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-02DOI: 10.1080/07078552.2021.2000211
Alexandra Flynn, Signa A. Daum Shanks
Abstract The COVID-19 crisis has exposed the political and economic fault lines in the exercise of power across multiple jurisdictions. This article focuses on the power of First Nations to make enforceable decisions in respect to reserve lands, specifically the powers First Nations have to enforce public health restrictions during the pandemic. We argue that Canadian law both enables First Nations to assert decisionmaking in respect to their lands, and undermines Indigenous authority in relation to enforcement and intergovernmental status. This paper is part of the SPE Theme on the Political Economy of COVID-19.
{"title":"Colonial fault lines: First Nations autonomy and Indigenous lands in the time of COVID-19","authors":"Alexandra Flynn, Signa A. Daum Shanks","doi":"10.1080/07078552.2021.2000211","DOIUrl":"https://doi.org/10.1080/07078552.2021.2000211","url":null,"abstract":"Abstract The COVID-19 crisis has exposed the political and economic fault lines in the exercise of power across multiple jurisdictions. This article focuses on the power of First Nations to make enforceable decisions in respect to reserve lands, specifically the powers First Nations have to enforce public health restrictions during the pandemic. We argue that Canadian law both enables First Nations to assert decisionmaking in respect to their lands, and undermines Indigenous authority in relation to enforcement and intergovernmental status. This paper is part of the SPE Theme on the Political Economy of COVID-19.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"248 - 267"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46977567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-02DOI: 10.1080/07078552.2021.2000213
Laura Pin
Abstract This paper applies a critical institutionalist analysis to the practice of participatory budgeting in Chicago, Illinois. Analyzing contemporary participatory democratic practices, such as participatory budgeting, in relation to longstanding race- and class-based social struggles highlights how elite actors can engage with participatory democratic interventions to manage the political exclusions of racial capitalism.
{"title":"From aldermanic patronage to aldermanic menus: racial exclusion and the reinvention of participatory democracy in neoliberal Chicago","authors":"Laura Pin","doi":"10.1080/07078552.2021.2000213","DOIUrl":"https://doi.org/10.1080/07078552.2021.2000213","url":null,"abstract":"Abstract This paper applies a critical institutionalist analysis to the practice of participatory budgeting in Chicago, Illinois. Analyzing contemporary participatory democratic practices, such as participatory budgeting, in relation to longstanding race- and class-based social struggles highlights how elite actors can engage with participatory democratic interventions to manage the political exclusions of racial capitalism.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"309 - 330"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46677050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-02DOI: 10.1080/07078552.2021.2000209
John Carlaw
Abstract This paper combines critical antiracist perspectives with Poulantzas’ and Hall’s concepts of authoritarian statism and populism to examine the diminishment of democratic processes and the intensification of social relations of inequality in citizenship, immigration, and the state that accompanied the controversial expansion of migrant worker programs under Canada’s former Conservative government (2006–2015). It also discusses how the party and former government sought to maintain these problematic structures and their later response to the political fallout caused by their approach. The conclusion discusses this policy realm under the subsequent Liberal government during the COVID-19 pandemic.
{"title":"Blunt talk or faux outrage? The politics of expanding migrant worker programs under Canada’s former Conservative government (2006–2015)","authors":"John Carlaw","doi":"10.1080/07078552.2021.2000209","DOIUrl":"https://doi.org/10.1080/07078552.2021.2000209","url":null,"abstract":"Abstract This paper combines critical antiracist perspectives with Poulantzas’ and Hall’s concepts of authoritarian statism and populism to examine the diminishment of democratic processes and the intensification of social relations of inequality in citizenship, immigration, and the state that accompanied the controversial expansion of migrant worker programs under Canada’s former Conservative government (2006–2015). It also discusses how the party and former government sought to maintain these problematic structures and their later response to the political fallout caused by their approach. The conclusion discusses this policy realm under the subsequent Liberal government during the COVID-19 pandemic.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"331 - 353"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42832469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-02DOI: 10.1080/07078552.2021.2000210
Ahmed Allahwala, R. Keil
Abstract This paper introduces the SPE Theme on the Political Economy of COVID-19.
摘要本文介绍了SPE关于新冠肺炎政治经济学的主题。
{"title":"The political economy of COVID-19: Canadian and comparative perspectives — an introduction","authors":"Ahmed Allahwala, R. Keil","doi":"10.1080/07078552.2021.2000210","DOIUrl":"https://doi.org/10.1080/07078552.2021.2000210","url":null,"abstract":"Abstract This paper introduces the SPE Theme on the Political Economy of COVID-19.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"233 - 247"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46407110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-02DOI: 10.1080/07078552.2021.2000208
Camille Barbagallo, Katie Cruz
Abstract In the United Kingdom, United Sex Workers is organizing as the sex workers' branch of the trade union United Voices of the World (UVW). Sex workers have located dancer unionization and labour rights within a political framework and set of demands relating to socially reproductive labour and decriminalization of all forms of sex work. Their efforts have led to an Employment Tribunal decision that dancers fall within the definition of “worker” found in various UK labour laws. At the same time, the broad perspective and demands of the sex-worker rights movement expose the limits of worker status, and the gains made through unionization have, at least at this time, been eclipsed by COVID-19.
{"title":"Dancers win at work: unionization and Nowak v Chandler Bars Group Ltd","authors":"Camille Barbagallo, Katie Cruz","doi":"10.1080/07078552.2021.2000208","DOIUrl":"https://doi.org/10.1080/07078552.2021.2000208","url":null,"abstract":"Abstract In the United Kingdom, United Sex Workers is organizing as the sex workers' branch of the trade union United Voices of the World (UVW). Sex workers have located dancer unionization and labour rights within a political framework and set of demands relating to socially reproductive labour and decriminalization of all forms of sex work. Their efforts have led to an Employment Tribunal decision that dancers fall within the definition of “worker” found in various UK labour laws. At the same time, the broad perspective and demands of the sex-worker rights movement expose the limits of worker status, and the gains made through unionization have, at least at this time, been eclipsed by COVID-19.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"354 - 375"},"PeriodicalIF":0.0,"publicationDate":"2021-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48691088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-04DOI: 10.1080/07078552.2021.1949787
Dennis Pilon
Abstract Critics argue that historical institutionalism (HI) ignores the social dimension of its research, particularly as concerns social inequality. This article tracks the problem back to the field’s implicit reliance on positivist empiricism and a narrow understanding of what constitutes a theory and argues that these unacknowledged commitments effectively block HI from addressing the issue. Instead, this article argues for critical institutionalism, drawing from nonpositivist approaches to social science research and critical social theory, and provides concrete examples of how this might be pursued.
{"title":"Beyond codifying common sense: from an historical to critical institutionalism","authors":"Dennis Pilon","doi":"10.1080/07078552.2021.1949787","DOIUrl":"https://doi.org/10.1080/07078552.2021.1949787","url":null,"abstract":"Abstract Critics argue that historical institutionalism (HI) ignores the social dimension of its research, particularly as concerns social inequality. This article tracks the problem back to the field’s implicit reliance on positivist empiricism and a narrow understanding of what constitutes a theory and argues that these unacknowledged commitments effectively block HI from addressing the issue. Instead, this article argues for critical institutionalism, drawing from nonpositivist approaches to social science research and critical social theory, and provides concrete examples of how this might be pursued.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"101 - 118"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44896308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-04DOI: 10.1080/07078552.2021.1949785
J. Hejny, Adam Hilton
Abstract Scholars working in the analytic traditions of Historical Institutionalism (HI) and American Political Development (APD) have increasingly turned their attention to the role of political parties in shaping politics across time and space. However, despite recent advances, historically-minded social scientists continue to juxtapose institutions and contentious forms of politics. We argue that such a dichotomy is unwarranted. Specifically, we assert that because of their place and function in the modern democratic polity, political parties are fundamentally and inextricably contentious institutions.
{"title":"Bringing contention in: a critical perspective on political parties as institutions","authors":"J. Hejny, Adam Hilton","doi":"10.1080/07078552.2021.1949785","DOIUrl":"https://doi.org/10.1080/07078552.2021.1949785","url":null,"abstract":"Abstract Scholars working in the analytic traditions of Historical Institutionalism (HI) and American Political Development (APD) have increasingly turned their attention to the role of political parties in shaping politics across time and space. However, despite recent advances, historically-minded social scientists continue to juxtapose institutions and contentious forms of politics. We argue that such a dichotomy is unwarranted. Specifically, we assert that because of their place and function in the modern democratic polity, political parties are fundamentally and inextricably contentious institutions.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"161 - 181"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43130568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-05-04DOI: 10.1080/07078552.2021.1949788
Sherene H. Razack
Abstract Whiteness was abundantly in evidence during the 2020 election in the United States and subsequently when a white mob stormed the Capitol to protest what they regarded as a stolen election. I suggest that we locate the confluence of “God, guns, and country” on that day on a settler-colonial and imperial landscape, tracing how a territorial white subject comes to feel racial entitlement and aggrievement through Christianity, an affect that is evident when we consider Muslims in the white imaginary.
{"title":"Alternatives","authors":"Sherene H. Razack","doi":"10.1080/07078552.2021.1949788","DOIUrl":"https://doi.org/10.1080/07078552.2021.1949788","url":null,"abstract":"Abstract Whiteness was abundantly in evidence during the 2020 election in the United States and subsequently when a white mob stormed the Capitol to protest what they regarded as a stolen election. I suggest that we locate the confluence of “God, guns, and country” on that day on a settler-colonial and imperial landscape, tracing how a territorial white subject comes to feel racial entitlement and aggrievement through Christianity, an affect that is evident when we consider Muslims in the white imaginary.","PeriodicalId":39831,"journal":{"name":"Studies in Political Economy","volume":"102 1","pages":"223 - 231"},"PeriodicalIF":0.0,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42743848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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