Political Economy Commons^™

What Does One Billion Dollars Look Like?: Visualizing Extreme Wealth, William Mahoney Luckman

Dissertations, Theses, and Capstone Projects

The word “billion” is a mathematical abstraction related to “big,” but it is difficult to understand the vast difference in value between one million and one billion; even harder to understand the vast difference in purchasing power between one billion dollars, and the average U.S. yearly income. Perhaps most difficult to conceive of is what that purchasing power and huge mass of capital translates to in terms of power. This project blends design, text, facts, and figures into an interactive narrative website that helps the user better understand their position in relation to extreme wealth: https://whatdoesonebilliondollarslooklike.website/

The site incorporates …

Democratic Facades, Authoritarian Penchants: Post-Communist Monetary Restructuring In The Baltic States, Jokubas Salyga

Political Science Faculty Publications and Presentations

This paper argues that the paths taken by Estonia and Latvia in their departure from the rouble zone are illustrative of authoritarian neoliberal governance. By challenging the widely assumed simultaneity of ‘democratic’ and ‘market’ revolutions, it critiques institutionalist literature on Baltic exchange-rate regimes and sheds light on the various methods employed to curtail democratic political discourse and participation. The paper delves into the origins of the Baltic neoliberal historical blocs and identifies the social forces that influenced the development of monetary reform initiatives. It then explores the construction of exchange-rate systems through the lens of power struggles within the state …

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.

Three Essays On The Political Economy Of The Cfa Franc, Francis Perez

Doctoral Dissertations

This dissertation is organized into three essays. The second essay provides a historical overview of the CFA franc and explores why the CFA franc has survived for so long. It argues that a historical and dialectical materialist analysis of the CFA’s history can best explain both its extraordinary longevity and the periodic major reforms to its functioning. The third essay assesses whether the Central Bank of West African States (BCEAO) has an independent monetary policy by examining the relationships between BCEAO’s foreign reserves and base money, and between BCEAO and the European Central Banks’s policy rates. The fourth essay evaluates …

Work, Workers, And Reproducing Social Control: Racial Post-Fordism And Alternative Systems, Hannah Rebecca Archambault

Doctoral Dissertations

This dissertation interrogates the composition of workers, work, and class, as processes in contemporary capitalism and in other existing or future systems. The first section develops a theoretical framework to understand work and workers which draws on Autonomist Marxist, Black radical, and Marxist feminist literatures. This includes considering new forms and organizations of work that arise from current capitalist economic relations, racialized work, and reproductive work. With this framework I build a theory of racial post-Fordism as the current system of economic relations. In the next section, I apply this theory of racial post-Fordism to work and workers in the …

The Imaginary And Epistemology Of Disaster Preparedness: The Case Of Japan's Nuclear Safety Failure, Hiro Saito

Research Collection School of Social Sciences

The Fukushima nuclear disaster was profoundly a man-made one, resulting from the organizational failure of nuclear emergency preparedness. To fully understand the cause of this disaster, I propose to extend an organizational perspective on disasters into a macro-institutional perspective on disaster preparedness. To this end, I borrow from science and technology studies the concepts of "sociotechnical imaginary" and "civic epistemology" to probe the deepest layers of meaning-making constitutive of disaster preparedness. I then apply these concepts to the history of nuclear energy in postwar Japan that was centered on the developmental state pursuing industrial transformation. Specifically, I illustrate how the …

‘Vox Populi?:’ Assessing Nato Popularity Relative To Political And Economic Indicators In Selected Member Nations, Zachary W. Cheek

Undergraduate Economic Review

This paper seeks to identify the impact of political and economic conditions on a nation’s popularity/favorability ratings towards North Atlantic Treaty Organization, the world’s most powerful military alliance. It is found that in random-effect models there exists a significant positive relationship between a country’s democratic strength and favorability, as well as a negative relationship regarding unemployment. In fixed-effect models, however, there is slight evidence of a positive relationship with per-capita GDP, as well as negative relationships with the unemployment rate and the trade index. Overall, differences in member-nations largely account for whether democratic or macroeconomic conditions influence support.

The Impact Of Afghan Opium Cultivation On The U.S. Opioid Epidemic, Zachary Wahab Cheek

UNL Student Research Days Posters, Undergraduate

I argue here that increases in Afghan opium cultivation, the most prolific in the world, has depressed American prescription opioid and heroin prices, thereby increasing abuse risk in U.S. addict populations and increasing death rates. Utilizing a two-stage regression model with a sparse dataset from several national and international sources, I find evidence that a one percent increase in Afghan opium production is associated with a 0.122 percent increase in prescription opioid overdose deaths, and a 0.367 percent increase in heroin overdose deaths. Assessing the 2001-2002 Taliban opium ban with an identification strategy, I find that in this timeframe prescription …

Marx, Critical Theory, And The Treadmill Of Production Of Value: Why Environmental Sociology Needs A Critique Of Capital, Alex Stoner

Journal Articles

This chapter explores the domestication of Marx’s critique of political economy within Marxist-oriented environmental sociology, and treadmill of production (ToP) theory, in particular. The aim is to explicate the theoretical resources for a rigorous critique of capital-induced planetary degradation. Shortcomings of ToP theory pertaining to the conceptualization of capital and value are identified. The reasons for these shortcomings, including how they might be addressed, are elaborated by reconsidering key aspects of Marx’s critical theory of modern capitalist society. The chapter contributes to current discussions in both critical theory and environmental sociology by demonstrating the continued relevance of Marx’s critical theory …

Three Essays On The Political Economy Of Global Inaction On Climate Change, Tyler A. Hansen

Doctoral Dissertations

This dissertation contributes three essays exploring the political economy of global inaction on climate change. Chapter 1 asks whether climate stabilization means the end of capitalism. Two influential perspectives within environmental political economy—the “degrowth” perspective from ecological economics and the “revolution” perspective from ecological Marxism—answer in the affirmative. If they are right, climate policy programs within capitalism, like the Green New Deal, are non-solutions. I evaluate their arguments, concluding that while environmental sustainability in general likely requires moving beyond capitalism, climate stabilization in particular does not. Given the urgency of the climate crisis, I conclude the chapter by outlining a …

Care Work In Chile’S Segregated Cities, Manuel Garcia

Doctoral Dissertations

This project combines diverse theoretical and methodological tools to examine the relationship between space and care work in Chile. The chapters are stand-alone articles that come together to tell a single story. The social production of urban space has marginalized thousands of female caregivers from the labor market as Chile’s care system unravels. I argue that community caregiving could simultaneously improve the conditions of caregivers and dependents. Chapter 1 examines the role of residential segregation in reproducing Chile’s meager female labor market participation rates. I use spatial and econometric analysis to show that the social forces that segregate Santiago create …

Adam Smith, Settler Colonialism, And Limits Of Liberal Anti-Imperialism, Onur Ulas Ince

Research Collection School of Social Sciences

Recent scholarship has claimed Adam Smith's frontal attack on the mercantile system as a precocious expression of liberal anti-imperialism. This paper argues that settler colonialism in North America represented an important exception and limit to Smith’s anti-imperial commitments. Smith spared agrarian settler colonies from his invective against other imperial practices like chattel slavery and trade monopolies because of the colonies’ evidentiary significance for his “system of natural liberty.” Smith’s embrace of settler colonies involved him in an ideological conundrum insofar as the prosperity of these settlements rested on imperial expansion and seizure of land from the indigenous peoples. Smith navigated …

The Need For Economic Diversification In The Oil-Dependent Nations Of Saudi Arabia, Uae, And Nigeria: Possible Pathways And Outcomes, Alia Alzubair

Senior Theses

Economic diversification is seen as a key to the political and economic survival of Saudi Arabia, the UAE, and Nigeria. Each nation is currently considered an oil-dependent country, meaning that the bulk of its income comes from oil. Since oil will soon be depleted and other countries are moving toward green technology, the demand for oil is expected to continue to drop. Hence, the need for diversification. This paper conducts a comparison of the key policies each country is attempting to implement to produce a diversified economy. The paper concludes that various factors will prevent each country from successfully diversifying …

Crisis And Catalonia: An Analysis On The Impact Of Crisis On The Public Opinion Of The Secessionist Movement In Catalonia, Rachel Ducker

Honors Theses

Catalonia, the autonomous region of Spain has seen an increase in secessionist sentiments in recent years. While the past inclination toward independence has been centered on economic autonomy and cultural identity, there has been a recent emphasis on political independence, particularly in the times of crisis. In this thesis. I analyze the relationship between the economic changes during the period of a crisis and the public opinion about the potential Catalan secession. Specifically, it investigates the relationships between the economic change and public sentiment during the financial crisis of 2008, the political crisis of 2017, and the pandemic crisis of …

Essays On Exchange Rate Shocks And The Political Economy Of Local Fiscal Policy In Brazil, Raphael Rocha Gouvea

Doctoral Dissertations

Do exchange rate shocks have distributional consequences? Does employment respond to exchange rate shocks? Do political parties matter when it comes to governing cities? Each chapter of this dissertation attempts to answer one of these questions in the Brazilian context. In the first chapter, titled Large devaluations and inflation inequality: evidence from Brazil, I show that prices of tradable goods/lower-priced varieties increase significantly more than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when household consumption baskets are different across the distribution of income. Using Cravino and Levchenko (2017)'s methodology, we show that …

Voting Your (Home)Values: An Empirical Assessment Of Homeownership And Voting Patterns In Seattle, Carter Fredrick Morfitt

WWU Honors College Senior Projects

In this paper, I draw on data from King County Elections and the U.S. Census Bureau's American Communities survey in an attempt to assess the predictions of the "homevoter hypothesis", which posits that homeowners tend to support policy measures that will boost their home values and oppose policy measures that could be perceived as a threat to their home values.

The Developmental State And Public Participation: The Case Of Energy Policymaking In Post-Fukushima Japan, Hiro Saito

Research Collection School of Social Sciences

After the Fukushima Daiichi nuclear disaster, the Japanese government tried to democratize energy policy-making by introducing public participation. Over the course of its implementation, however, public participation came to be subordinated to expert committees as the primary mechanism of policy rationalization. The expert committees not only neutralized the results of public participation but also discounted the necessity of public participation itself. This trajectory of public participation, from its historic introduction to eventual collapse, can be fully explained only in reference to complex interactions between the macroinstitutions and microsituations of Japanese policy-making at the time of the nuclear disaster: the macroinstitutional …

Economies Of Security: Foucault And The Genealogy Of Neoliberal Reason, Marshall Scheider

Gettysburg Social Sciences Review

Michel Foucault is well-known for his theorizations of institutional power, normativity, and biopolitics. Less well-known is the fact that Foucault developed his analysis of biopolitics in and through his historical investigation of neoliberalism. Today, while critique of neoliberalism has become a commonplace of humanities discourse, and popular resistance to neoliberalization rocks the southern hemisphere, it remains unclear that the historical specificity of neoliberalism is well-understood. In particular, the relation between classical liberalism and neoliberal governance remains murky in popular debate. As Foucault powerfully illustrates, this relation is far from clear-cut, and neoliberalism is not reducible to a simple extension of …

The Nuances Of Capital Controls In Economic Development: Argentina And Chile, Reagan A. Shane

Global Tides

In this paper, I analyze the ways that capital controls affect growth and economic development in developing countries and emerging market economies and use the historical evidence of Chile and Argentina to demonstrate how countries may experience the effects of capital controls in different proportions. I then review additional academic literature and historical evidence in Chile and Argentina to determine what factors seem to determine the success or failure of capital control strategies. I find two influential factors in the determination of whether implementation of capital controls helps or hurts economic growth and development. The first is whether capital controls …

Integration Of And Deliveries Among The World Zionist Organization, Israel, And Diaspora Countries: System Articulation With The Social Fabric Matrix, F. Gregory Hayden

Department of Economics: Faculty Publications

The religious economics (not economics of religion) concern here is the relationship between the World Zionist Organization (WZO) and Israel, which is known as a geopolitical power in its region and which is also known as an economic success story. Joseph Schumpeter and Karl Polanyi explained how the political economy of medieval Europe was influenced and guided by Christian morality. This paper extends the analysis of religious economics by using the social fabric matrix of original institutional economics to define and structure the integration of the WZO, Israel, and the Diaspora countries. This allows us to observe how to conduct …

Worker Cooperatives And Social Transformation: An Anti-Essentialist Marxist Perspective, Zachariah D. Thanasilangkul

Electronic Theses and Dissertations

Copyright is held by the author. User is responsible for all copyright compliance.

The Political Economy Of State Minimum Wage Laws And Legislator Voting Behavior, Sophia Helland

CMC Senior Theses

The Median Voter Theorem is a key concept in political economy, one that has been tested numerous times in the literature. However, it remains unclear the extent to which legislators respond to the needs of their district on a bill-by-bill basis. This paper seeks to understand the role of ideology and of local economic pressures that a state legislator faces when deciding how to vote on minimum wage legislation. Although some papers have examined legislator voting behavior on specific issues, this paper uses state legislatures and minimum wage bills to innovate on this existing literature in two key ways. First, …

The Post-Chicago Antitrust Revolution: A Retrospective, Christopher S. Yoo

All Faculty Scholarship

A symposium examining the contributions of the post-Chicago School provides an appropriate opportunity to offer some thoughts on both the past and the future of antitrust. This afterword reviews the excellent papers with an eye toward appreciating the contributions and limitations of both the Chicago School, in terms of promoting the consumer welfare standard and embracing price theory as the preferred mode of economic analysis, and the post-Chicago School, with its emphasis on game theory and firm-level strategic conduct. It then explores two emerging trends, specifically neo-Brandeisian advocacy for abandoning consumer welfare as the sole goal of antitrust and the …

Capturing Regulatory Agendas?: An Empirical Study Of Industry Use Of Rulemaking Petitions, Daniel Walters

All Faculty Scholarship

A great deal of skepticism toward administrative agencies stems from the widespread perception that they excessively or even exclusively cater to business interests. From the political right comes the accusation that business interests use regulation to erect barriers to entry that protect profits and stifle competition. From the political left comes the claim that business interests use secretive interactions with agencies to erode and negate beneficial regulatory programs. Regulatory “capture” theory elevates many of these claims to the status of economic law. Despite growing skepticism about capture theory in academic circles, empirical studies of business influence and capture return ambiguous …

Sacrifices For Development Or Thirst For Capital Accumulation? Case Study On The “El Diquís Hydroelectric Dam” In Costa Rica., Marco Mora

International Development, Community and Environment (IDCE)

Costa Rica’s state-led model of energy generation based on large-scale investments in hydropower has given the country autonomy in generating its own energy as well as sovereignty over its natural resources. Successive governments have used nationalist and ecological discourses to support the continued expansion of hydropower as the path to economic development. In more recent decades however, a number of factors have been eroding the dominance of the state-led hydropower development model. Some of those elements are the national and international pressures to liberalize and privatize the energy sector, an increasing body of scientific evidence indicating that large-scale hydropower in …

From Prison To Homeless Shelter: Camp Laguardia And The Political Economy Of An Urban Infrastructure, Christian D. Siener

Dissertations, Theses, and Capstone Projects

At this time of increasing housing insecurity, recent reforms in homeless shelter policy have attracted the attention of scholars and activists. This research sheds light on these changes by placing them in historical and political-geographic perspective, focusing on the role of homeless shelters in stabilizing social displacement by destabilizing solidarity. It demonstrates historical continuity between prisons and homeless shelters in New York City through a case study of conditions surrounding the transition of Camp LaGuardia, a prison that slowly transformed into the city’s largest, and longest lasting, homeless shelter. The case study is an empirical demonstration of some of the …

The Influence Of Regional Power Distributions On Interdependence, Michael A. Allen

Political Science Faculty Publications and Presentations

Political economy debates about the influence of power configurations in expanding and maintaining global liberalization ebb and flow with the wax and wane of the concentration of power in the international system. This article engages the debate in a novel way from previous scholarship. Employing a series of econometric models that account for regional power, I argue that the global power concentration is ill fit to be the primary predictor of trade liberalization, but instead, regional power fluctuations can dampen and enhance global trends. By incorporating sub-systemic power configurations, we gain a better understanding of the regional variation in states …

Three Essays On Local Public Finance, Thomas Daniel Woodbury

Theses and Dissertations--Public Policy and Administration

This dissertation seeks to develop the subject of local public finance in a manner consistent with the political economy of local governments. For ease of description, each essay will be discussed briefly.

The first essay is titled "The Provision of Generalized Local Public Goods Financed by Distortionary Taxation." This essay models the provision of a local public good that is simultaneously utilized as a public consumption good and a public intermediate good. Since the public good can simultaneously enter both utility and production functions, it is considered a "generalized public good." This is done to model the provision of infrastructure …

Crafting Local Food Narratives With Immigrant Voices: Participatory Ethnography Among Somali Bantu Farmers In West Denver, Raymond Alexander Pang

Electronic Theses and Dissertations

In 2013, a non-profit, Re:Vision, established the Ubuntu Farm to work with the local Somali Bantu refugee population. It was supposed to improve access to fresh produce, offer educational opportunities, skill training and more. Early on in 2014, it became clear Re:Vision was not delivering on its promises, and by 2015 the farm had ceased to exist. Using participant observation, interviews with farm participants and staff and a review of publicly accessible financial documents, I argue that Re:Vision maintained a conflict of mission, which contributed to their farms' failings, despite their ability to grow plenty of vegetables. From there, I …

The Punishment Marketplace: Competing For Capitalized Power In Locally Controlled Immigration Enforcement, Daniel L. Stageman

Publications and Research

Neoliberal economics play a significant role in US social organization, imposing market logics on public services and driving the cultural valorization of free market ideology. The neoliberal ‘project of inequality’ is upheld by an authoritarian system of punishment built around the social control of the underclass—among them unauthorized immigrants. This work lays out the theory of the punishment marketplace: a conceptualization of how US systems of punishment both enable the neoliberal project of inequality, and are themselves subject to market colonization. The theory describes the rescaling of federal authority to local centers of political power. Criminal justice policy activism by …