A Moral Political Economy
Present, Past, and Future

This Element moves toward building a new moral political economy, offering a theory of change and principles for institutional redesign.

Federica Carugati (Author), Margaret Levi (Author)

9781108819398, Cambridge University Press

Paperback / softback, published 24 June 2021

75 pages
23 x 15.2 x 0.4 cm, 0.15 kg

Economies - and the government institutions that support them - reflect a moral and political choice, a choice we can make and remake. Since the dawn of industrialization and democratization in the late eighteenth century, there has been a succession of political economic frameworks, reflecting changes in technology, knowledge, trade, global connections, political power, and the expansion of citizenship. The challenges of today reveal the need for a new moral political economy that recognizes the politics in political economy. It also requires the redesign of our social, economic, and governing institutions based on assumptions about humans as social beings rather than narrow self-serving individualists. This Element makes some progress toward building a new moral political economy by offering both a theory of change and some principles for institutional (re)design.

1. Toward a New Moral Political Economy
2. The Politics in Political Economy
3. Behavior, Cooperation, and Governance
Conclusion
References
Acknowledgements.

Subject Areas: Economic systems & structures [KCS], Political economy [KCP], Economic theory & philosophy [KCA]