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Politics and Economics: The Political Economy of the Modern World

In: Political Economy of Capitalisms

Author

Listed:
  • Robert Boyer

    (EHESS, Ecole des Hautes Etudes en Sciences Sociale et Institut des Amériquesstitut des Amériques)

Abstract

Even if politics analyzes power whereas economics investigates wealth creation, de facto state and capitalism coevolve but with different temporalities, and this is a source of cycles and crises. A viable politico-economic regime can emerge out of a trial-and-error process but in any case, it has to express a political coalition or a hegemonic bloc that organizes a hierarchy among institutional forms. Representations, ideas, and narratives play a role in sustaining different politico-economic regimes. The style of economic policy is closely related to each well-established development mode. By contrast, collective action and political intermediation are crucial in other periods, especially when a structural crisis has disrupted previous economic regularities and apparent determinism. Thus, regulation can be portrayed as a political economy of contemporary capitalisms.

Suggested Citation

  • Robert Boyer, 2022. "Politics and Economics: The Political Economy of the Modern World," Springer Books, in: Political Economy of Capitalisms, chapter 0, pages 179-213, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-3536-7_8
    DOI: 10.1007/978-981-19-3536-7_8
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