Mark Blyth: Great transformations. Economic ideas and institutional change in the twentieth century

Leiteritz, Ralf J.

doi:10.1007/s11615-004-0012-0

Cited by 54 publications

(86 citation statements)

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“…Scholars often locate this power in the institutional embeddedness of ideas (e.g. Campbell, 1998;Blyth, 2002Blyth, , 2013Schmidt, 2008;Be ´land and Cox, 2011;Ban, 2016) or the positions economists hold in national and international organizations (e.g. Dezalay and Garth, 2002;Prasad, 2006;Campbell and Pedersen, 2015).…”

Section: Discussionmentioning

confidence: 99%

“…The importance of these questions goes beyond the history of economics. A longstanding scholarship in political science and sociology has explored the power of economic ideas to shape public policies and promote institutional change (Hall, 1989;Campbell 1998;Blyth, 2002Blyth, , 2013Schmidt, 2008;Block and Somers, 2014;Campbell and Pedersen, 2015;Ban, 2016;Kemmerling, 2017). Economic categories are an important element in this unique efficacy, since 'the ability to name and define economic reality is inseparable from the ability to act upon this reality' (Fourcade, 2003, p. 33).…”

Section: Introductionmentioning

confidence: 99%

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The cultural foundations of economic categories: finance and class in the marginalist revolution

Kaldor

2018

Socio-Economic Review

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Economic categories are part of the everyday concepts people use to apprehend social reality. While scholars recognize their importance for social and economic processes, it is not clear how these categories develop when reality itself changes. I address this issue with a framework that incorporates a cultural emphasis on meaning-making with a macro-structural analysis of the conditions in which they take place. I apply this framework to the marginalist revolution of the late 19th century, which marks the birth of neoclassical economics and focus on the new understanding of ‘value’ that emerged during this period. I trace it to the rise of finance and the problem of price fluctuations, and show how its class standpoint helps explain the different outcomes of the marginalist revolution in England, Austria and France. The analysis provides insights into the power of economic ideas and the cultural dimension of structural changes.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The cultural foundations of economic categories: finance and class in the marginalist revolution

Kaldor

2018

Socio-Economic Review

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“…From the constructivist approach, social agents build norms actively because they have strong notions about what behavior should be adopted in their social environment and therefore use language to name, interpret, and even dramatize situations in which they are placed (Finnemore & Sikkink, 1998). Ideas play a significant role to reduce uncertainty in moments of crisis by giving agents a framework to interpret the environment in which they are embedded, thus leading to institutional construction (Blyth, 2002). It is thus relevant to address the regional context to analyze how Chile and Colombia were successful in shaping South American regionalism.…”

Section: Pragmatism Flexibility and Lean Structure: How The Pacific A...mentioning

confidence: 99%

“…By studying the role of economic ideas in institutional construction and change, Blyth (2002) argues that ideas provide agents with an interpretative framework on how the economy works and how it should be constructed, which acts as a blueprint for new institutions. In a broader sense, “ideas allow agents to reduce uncertainty, propose a particular solution to a moment of crisis, and empower agents to resolve that crisis by constructing new institutions in line with these new ideas” (Blyth, 2002; p. 11).…”

Section: Pragmatism Flexibility and Lean Structure: How The Pacific A...mentioning

confidence: 99%

The Pacific Alliance and its influence on South American regionalism

Gonçalves

2023

Latin American Policy

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When the Pacific Alliance was created in 2011, its proposal to reestablish open regionalism led to a debate on the fragmentation of regional integration and the Atlantic-Pacific divide. A decade later, Latin American regionalism is under stress, but the Pacific Alliance is not. Moreover, regionalism in South America displays features that are observed in the Pacific Alliance. From a constructivist framework, this article analyzes how the ideas from the Pacific Alliance shaped the early development of Prosur, highlighting the role of Chile, Colombia, and Peru in influencing South American regionalism. This article aims to contribute to debates on the future of Latin American regionalism by stressing how the Pacific Alliance influences regionalism, dispelling the idea that it is a mere trade bloc, and showing how it consolidates the Bogotá-Lima-Santiago axis in South American regionalism. It sheds light on the relevance of this regional bloc in political terms and on the agency capacity (achievements and limits) of Colombia, Peru, and Chile in setting a regional agenda.

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“…Another obstacle is the fact that innovative policies are often needed to solve problems that are complex and/or ethically difficult ('wicked problems'), yet policymakers do not always have the knowledge and computational capacity to understand how to solve those problems [42,43]. Moreover, their perceptions of the world are framed by ideas; that is, beliefs about what is right and what causes what, leading them to ignore evidence or scientists' prescriptions that contrast with those ideas [44,45]. Additionally, civil servants or ministerial staff are sometimes unable to help their ministers innovate for a variety of reasons, such as the lack of technical competence or the lack of time and human resources-all constituting what is commonly called a lack of bureaucratic capacity ** [47,48].…”

Section: Obstacles To Successful Original Policy Innovationmentioning

confidence: 99%

Understanding successful policy innovation: The case of Portuguese drug policy

Moury

Escada

2022

Addiction

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Introduction In 2000, the Portuguese minority socialist government decriminalized the possession and consumption of drugs. This law made Portugal unique in having a formal system that directs the person using drugs to a panel under the purview of the Ministry of Health, as opposed to the Ministry of Justice, and hence constitutes an ‘original innovation’. In this article, we ask under which conditions such kinds of reforms are introduced and successfully implemented. Aims and design After discussing the limitations of the existing literature, we present a new theoretical framework: the ‘six‐stars’ framework. We argue that successful policy innovation in democracies will only occur and persist when six institutional and individual ‘stars’ are aligned: attention, motivation to innovate, a new solution, political strategies, quality and legitimacy of the decision‐making process and guarantees for full implementation. We then apply this framework to the Portuguese Drug Policy Case through theory‐testing/process‐tracing. Relying upon a qualitative analysis of three different types of data—primary and secondary sources, official documents emitted by key actors and interviews—we identify the presence of the six aligned ‘stars’. Conclusions The proposed ‘six‐stars’ framework of successful drug policy innovation shows the importance of electoral mandates, communication, inclusion, transparency, deliberation and evaluation when designing innovative drug policies. It also illustrates the importance of ensuring the support of implementing agents and quickly creating visible, positive policy feedback.

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Mark Blyth: Great transformations. Economic ideas and institutional change in the twentieth century

Cited by 54 publications

References 0 publications

The cultural foundations of economic categories: finance and class in the marginalist revolution

The cultural foundations of economic categories: finance and class in the marginalist revolution

The Pacific Alliance and its influence on South American regionalism

Understanding successful policy innovation: The case of Portuguese drug policy

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