One is struck, floating through Amartya Sen’s argument in Development as Freedom, by the sheer complexity that policymakers face when confronting entrenched conditions of poverty, inequality, and coercion. Incentives to increase productivity or efficiency in markets cannot, in themselves, abate these structural problems, because the aspects of development that bolster economic agency must simultaneously address governmental and cultural practices. Sen’s position, then, that freedom is both instrumental to development and constitutive of it, comes as a concrete and coherent rejoinder to those whose assumptions that certain cultures depend on illiberal traditions to function. Continue reading
Tag Archives: political economy
Review – Bates, Beyond the Miracle of the Market
Beyond the Miracle of the Market addresses broad questions, among which perhaps the broadest, most enduring has occupied theorists for centuries: Why do some countries succeed where others fail? To answer this in the context of late-twentieth century developing nations, Robert Bates constructs a detailed way of thinking about this central issue in economics, which troubles the very position of the State in its course. Markets, and the institutions that dominate their constituencies, take center stage here, while political and social interests form the supporting apparatus and the lenses through which to examine change in those institutions over time. In this way, Bates approaches the questions of growth, stability, and crisis in developing-nation economies without striking either condescending or dismissive tones, and without mistaking patterns for general truths. Continue reading