Principles of institutional and evolutionary political economy : applied to current world problems


Principles of institutional and evolutionary political economy : applied to current world problems

Phillip Anthony O'Hara

(Springer texts in business and economics)

Springer, c2022

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Includes bibliographical references and indexes



This is the very first book to explicitly both detail the core general principles of institutional and evolutionary political economy and also apply the principles to current world problems such as the coronavirus crisis, climate change, corruption, AI-Robotics, policy-governance, money and financial instability, terrorism, AIDS-HIV and the nurturance gap. No other book has ever detailed explicitly such core principles and concepts nor ever applied them explicitly to numerous current major problems. The core general principles and concepts in this book, which are outlined and detailed include historical specificity & evolution; hegemony & uneven development; circular & cumulative causation; heterogeneous groups & agents; contradiction & creative destruction; uncertainty; innovation; and policy & governance. This book details the nature of how these principles and concepts can be used to explain current critical issues and problems throughout the world. This book includes updated chapters that have won two journal research Article of the Year Awards on climate change (one from the European Association for Evolutionary Political Economy, EAEPE); as well as a Presidential address to the Association for Evolutionary Economics (AFEE) on corruption. The structure of the book starts with two chapters on the principles of institutional and evolutionary political economy: firstly their history, and secondly a chapter on the contemporary nature of the principles and concepts. This is followed by nine chapters applying some of the core principles to current world problems such as the coronacrisis, climate change, corruption, AI-robotics, policy, money & financial instability, terrorism, HIV-AIDS and the nurturance gap. The book finishes with a conclusion, a glossary of major terms and an index. The author's principles are well established in the literature and this book provides a detailed exposition of them and their application.


Chapter 1. Introduction1.1. Concepts and Principles 1.2. Principles and Problems of the World: The Chapters References Chapter 2. History of Concepts and Principles 2.1. Introduction 2.2. Proto-Institutional and Evolutionary Science 2.3. Principles of Thorstein Veblen 2.4. Keynes, Schumpeter and Later Evolutionary Institutionalists 2.5. Contemporary Institutional and Evolutionary Political Economy 2.6. Conclusion References Chapter 3. Contemporary Institutional and Evolutionary Concepts and Principles 3.1. Introduction 3.2. Historical Specificity and Evolution 3.2.1. Evolution of Capitalism, Trust and Uneven Development 3.3. Heterogeneous Groups and Agents 3.4. Circular and Cumulative Causation 3.4.1. CCC, Emergence and Complexity 3.5. Contradictory Dynamics 3.6. Uncertainty 3.7. Innovation 3.8. Policy and Governance 3.8.1. Progressive Agenda for Change 3.8.2. Trust, Community and Destructive Creation 3.8.3. Entropy, Precautionary Principle and Minimal Dislocation 3.9. Concepts and Principles used to Examine Problems in this Book 3.10 Conclusion References Chapter 4. Global Coronavirus Pandemic Crisis 4.1. Introduction 4.2. Political Economy of the Coronavirus Pandemic 4.3. Historical Evolution of the Coronavirus Crisis 4.4. Heterogeneous Groups and Agents 4.5. Circular & Cumulative Causation and Contradictions of Coronacrisis 4.6. Uncertainty and the Pandemic 4.7. Preparedness Policies, Uncertainty and the Future 4.8. Conclusion References Chapter 5. Climate Change 5.1. Introduction 5.2. Historical Specificity of Climate Change 5.3. Contradictions of Climate Change 5.4. Uneven Development of Climate Change 5.5. CCC and Uncertainties of Climate Change 5.5.1. Shared Socioeconomic Pathways 5.5.2. Cascading Tipping Points 5.6. Conclusion References Chapter 6. Corruption 6.1. Historical Specificity of Corruption 6.2. Contradictions of Corruption 6.3. Uneven Development of Corruption 6.4. Conclusion References Chapter 7. Artificial General Intelligence and Autonomous Humanoid Robotics 7.1. Introduction: 'hetero autonomia humanio roboto' 7.2. Artificial Intelligence and Robotics in Historical Perspective 7.3. CCC: Philosophy & Micro-Meso A(G)I Political Economy Principles 7.4. Contradictions Between the Two Main Schools of A(G)I 7.5. Neurobiological Political Economy Design Principles of Brain-Body-Environment Interaction for Embodied Cognition AGI-AHR 7.6. Conclusion References Chapter 8. Policy and Governance 8.1. Introduction 8.2. Science of Provisioning 8.3. Disembedded Economy 8.4. Contradictions 8.5. Circular and Cumulative Causation 8.6. Uneven Development 8.7. Conclusion References Chapter 9. Money and Credit Circuits, Cycles and Crises 9.1. Introduction 9.2. Waves and Phases of Industrial-Financial Capitalism 9.3. Dynamic Circuit of Money Capital 9.4. Endogenous versus Exogenous Money and Credit 9.5. Financial Instability Hypothesis 9.6. Global Money, Payments and Prices 9.7. Chartalism and Modern Monetary Theory 9.8. Conclusion References Chapter 10. Terrorism and the War on Terrorism 10.1. Introduction 10.2. Contemporary Terrorism: Nature and Trends 10.3. Terrorism: Low Fatality Risk, High System Risk 10.4. Technology Promotes Terrorism 10.5. Attempt to Reestablish Strategic US Hegemony Encouraged Terrorism 10.6. Global Deregulation Expands Terrorism and Radical Islam 10.7. Policy Issues and Measures 10.8. Conclusion References Chapter 11. HIV and AIDS 11.1. Introduction 11.2. Social History of HIV-AIDS 11.3. Natural History of HIV 11.4. Global Distribution of HIV-AIDS 11.5. Details of Natural History of HIV: Heterogeneous Groups 11.6. Natural History of HIV-AIDS in Individuals: Contradictions and Heterogeneous Groups 11.7. Cofactors and Causal Controversy: Contradiction 11.8. Crisis in Social Reproduction during High Trajectory Period 11.9. Global Governance and Innovation 11.10. Conclusion References Chapter 12. Love and the Nurturance Gap 12.1. Introduction 12.2. Historical Specificity of Love: Collectivist and Individualistic Economies 12.3. Circular and Cumulative Causation: Love Styles and Core Factors 12.4. Contradictions of Love Styles: General and Within Neoliberal Capitalism 12.4.1. Contradiction between Markets and Nurturance 12.4.2. Contradiction between Individual and Society 12.4.3. Contradiction between Love Freedom and Constraint 12.5. Love Phases through Path Dependence, Evolution and Instability 12.6. Conclusion References Chapter 13. Conclusion Glossary Author Index Subject Index

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