The Economy and Its Relation to Politics: Robert Dahl, Neoclassical Economics, and Democracy

Swanson, Jacinda

doi:10.1057/palgrave.polity.2300055

Cited by 7 publications

(5 citation statements)

References 5 publications

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“…Despite the tendency of some political science scientists to theorize and investigate political phenomena without considering economic issues, many researchers rightly insist on the relationship between economics and politics. However, even these scholars sometimes use economic theories that underestimate the diversity and complexity of how political and economic relations influence each other, including the positive and negative effects of different economic practices on democracy (Swanson, 2007).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

The Presidential period in the United States of America and stock returns, evidence from Iran

Dadaneh

Khezre

Haghighat³

2022

Preprint

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The most important event in the world is the presidential election in the United States of America, to which the stock markets of many countries react. This reaction may differ according to the presidential period in which one of the candidates is selected. Accordingly, our research aims to investigate the effect of two presidential periods with two different parties on the stock returns of companies listed on the Tehran Stock Exchange. Hence, using the analysis of 650 firm-year observations for the first period and 1095 firm-year observations for the second period, for two different presidential periods, respectively, the presidency of Barack Obama (Democratic Party) and Donald Trump (Republican Party), we find that the elections and the presidential period of both parties have a negative, significant effect on the annual cumulative stock returns of companies. Results show that investors react to events such as elections, even in emerging markets like Iran.

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Section: Hypotheses Developmentmentioning

confidence: 99%

The Presidential period in the United States of America and stock returns, evidence from Iran

Dadaneh

Khezre

Haghighat³

2022

Preprint

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“…The need to ensure that work conditions are protected has become even more crucial in this era of global capitalism, with its associated informality. This is especially so because market capitalism tends to generate economic inequalities that undermine political equality and thus democracy (Swanson, 2007). Thus, Dahl (1985) argues that the internal control and leadership of business enterprises should be seen as a type of government and therefore susceptible to the same arguments made for democratising the governments of states.…”

Section: Theoretical Perspectivesmentioning

confidence: 99%

“…To this end, governments, as well as trade unions have important roles to play. According to Swanson (2007), government processes will then determine whether particular markets are organised and operate in a manner that is socially beneficial and supportive of democracy. This is where the state and other institutional instruments come into the discourse as important regulatory frameworks for harnessing the economy or, if you like, enhancing efficiency (rationality) and equality (social distributive justice).…”

Section: Theoretical Perspectivesmentioning

confidence: 99%

Labour Standards Regulation in a Globalised Economy: A Review of Existing Paradigms

Akorsu¹

2018

Ghana J. Dev. Stud.

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Recent global development paradigms such as the deregulation of labour markets in tandem with the informalisation have weakened the power of trade unions as well as that of the state in all countries, irrespective of their unique circumstances. One area most affected by this reduced union and state power is the inspection and enforcement of labour standards, especially along value chains and among informal economy operators. A space has therefore been created for an emergence and a proliferation of new forms of labour standards governance, monitoring and regulation. These are made up of firm's self-regulation of labour standards and non-governmental systems. The viability of these options for labour standards governance remains a subject that requires interrogation for the purposes of analysis and policy. This paper is an attempt to fill this need by presenting a review of the existing paradigms. Regardless of the endemism of non-governmental regulation, this paper is grounded on the premise that non-governmental regulation mechanisms do constitute a viable alternative to state regulation. A combination of voluntary initiatives by firms, as well as monitoring and enforcement by the state is thus proposed.

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“…27 Second, even when discussing texts, theorists have demonstrated that interpretation provides a vehicle for gaining new purchase on political issues. Edmund Burke can be used to explore corruption; 28 Robert Dahl, to investigate the relationship between economics and politics; 29 and Hannah Arendt, to reflect on public administration or everyday life. 30 Third, theorists eagerly have pushed beyond the established canon and indeed beyond the confines of Western political thought.…”

Section: The State Of the Discipline Polity Versionmentioning

confidence: 99%

“Mission Accomplished”

Polsky

2010

Polity

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The Economy and Its Relation to Politics: Robert Dahl, Neoclassical Economics, and Democracy

Cited by 7 publications

References 5 publications

The Presidential period in the United States of America and stock returns, evidence from Iran

The Presidential period in the United States of America and stock returns, evidence from Iran

Labour Standards Regulation in a Globalised Economy: A Review of Existing Paradigms

“Mission Accomplished”

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