Economic history and economic theory: the staples approach to economic development

Dow, Alexander; Dow, Sheila C.

doi:10.1093/cje/bet021

Cited by 21 publications

(6 citation statements)

References 14 publications

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“…Due to the open nature of economic processes, the source of findings obtained in due time is not homogenous; institutions and behaviours evolve differently in different times and different societies in a non-deterministic manner. Briefly, the historical context is of capital importance [3]. According to Dow and et al [3], economic principles are not universal.…”

Section: Institutional Economicsmentioning

confidence: 99%

“…Briefly, the historical context is of capital importance [3]. According to Dow and et al [3], economic principles are not universal. Instead, economic perception depends on the institutional context, which is an outlook of historical changes in reality.…”

Section: Institutional Economicsmentioning

confidence: 99%

“…To understand it means only reveals its contradictions." Joan Robinson, [1] Following the 1920's and 1970's, the global crisis of 2008 has started once again a discussion on the explanatory power of modern economics as a discipline [2,3,4]. The issue that came out during this process was that the discipline extremely condensed on formal modelling in the framework of a single approach.…”

Section: Introductionmentioning

confidence: 99%

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Recent Development in Public Finance Since the 2008-2009 Global Crisis

Balseven¹

2016

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The 2007/2008 global crisis has put into agenda a basic debate in the field of public finance in what concerns state intervention. The crisis shows the narrowness and inadequacy of current mainstream and neoclassical approaches related to subjects such as the specific forms of state intervention during the crisis as well as its origins and causes. None of these approaches perceive state intervention as an economic and social reality of the discipline of public finance. Although they provide some insightful discussions on the financial crisis, they remain essentially descriptive. New developments after the global crisis revealed spectacular alternative views by reinterpreting the forms of state intervention in economic theory as well as its applications in specific countries. In these views the state and its policies are determined and transformed socially, politically and historically. In this respect, we need to know more about the dynamics of the capitalist system, its economic institutions and the patterns of production relations in every conjuncture of economic history as well as the functioning of financial systems. This paper argues that the field of public finance is socially determined as any other scientific practice. Following the recent discussions in theory and its applications, this paper treats state intervention as both a "symptom" and a "cause" of critical changes in economy and society.

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Section: Institutional Economicsmentioning

confidence: 99%

Section: Institutional Economicsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Recent Development in Public Finance Since the 2008-2009 Global Crisis

Balseven¹

2016

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“…To Cook a Continent could have shed some light on the backward and forward linkages of oil, if for nothing because we know from theoretical currents such as the staples thesis that oil can offer some positively transforming effects and some of these claims have found empirical support in countries such as Canada, the USA, and Norway (see, for example, [9,25,26]). In this sense, we could have got a broader scorecard of oil in Africa, although it is fairly clear that the book set out to expose the ecological injustices of oil on the continent which it executes brilliantly.…”

Section: Critical Reflectionsmentioning

confidence: 99%

Oil, capitalism, and crises

Obeng‐Odoom

2015

Energy Research & Social Science

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“…The crisis was, without question, the result of the new rights granted to banks and other financial institutions in the 1980s. As Dow and Dow (2014) note, it was "the power exercised by the banks over governments" that eventually forced deregulation, enabling the creation of huge financial services conglomerates that dominated the global economy. In the 20-year period leading up to the crisis, the financial sector had become the world's largest industry-bigger than oil, autos, and consumer electronics combined.…”

Section: Constructing Bigger Marketsmentioning

confidence: 99%

From the National to the Global: The Transformation of the Royal Bank of Canada, 1864–2014

Garrod¹

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Many scholars today treat globalization as a new form of imperialism, in which the global political economy remains constituted by competing national capitals and their respective nation-states. This view is shared by many Canadian political economists who, carrying on a longstanding debate, continue to argue that Canada should be understood as either a secondary imperialist power or a dependency of the American empire. In this dissertation, I argue that contemporary theories of imperialism and dependency neglect a number of qualitative changes to the global political economy over the last 40 years that challenge the conceptual framework on which they are based. Through a comparativehistorical analysis of the changing assemblages of territory, authority, and rights that have sustained the Royal Bank of Canada's activities from 1864 to 2014, I argue that we should instead treat globalization as a novel epoch constituted by a centrifugal organizing dynamic that is moving the rights of capital and the authority over those rights to the transnational level. I claim that this process is transforming the nation-state from a capability to grow and develop national capitals into a capability for globalizing capitals as a result of new rights that restrict the ability of the nation-state to legislate against corporate interests. The dissertation concludes by reflecting on what this means for the future of Canadian liberal democracy and the struggle against global capitalism.ii Acknowledgements I am tempted to begin this section like Bruce Curtis and talk about the various experiences I've had while writing this dissertation rather than a long list of thanks. But I can't do that. There are too many wonderful people that contributed to this dissertation in one way or another simply by being themselves and I would be remiss not to mention them. To start, I'd like to thank Bruce himself, who shaped an unruly gang of doctoral students into scholars. Few of us would be where we are today without being challenged by his questions on epistemology and ontology-questions that I sometimes reflect on when I can't sleep at night; it doesn't help. I'd also like to thank Alexis Shotwell and Aaron Doyle for their efforts to teach me about teaching; it is rare to find scholars who care about teaching as much as they do and it is inspiring to see them work. A huge thanks must go out to Kara Brisson-Boivin, Mathieu Charbonneau, and the late Blake MacMillan. Their friendship, compassion, and understanding made all the difference; I treasure the time we spent together. I must also offer an immense thanks to my committee members Laura Macdonald and Janet Siltanen. Their comments on earlier drafts were incredibly helpful and they played a big role in shaping my ideas into a dissertation; furthermore, their kindness throughout the process was an inspiring model of how to be in the world.

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Economic history and economic theory: the staples approach to economic development

Cited by 21 publications

References 14 publications

Recent Development in Public Finance Since the 2008-2009 Global Crisis

Recent Development in Public Finance Since the 2008-2009 Global Crisis

Oil, capitalism, and crises

From the National to the Global: The Transformation of the Royal Bank of Canada, 1864–2014

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