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2018 | OriginalPaper | Chapter

The Contemporary State and Interests: A Framework of Analysis

Authors : Anna Ząbkowicz, Sławomir Czech

Published in: Institutionalist Perspectives on Development

Publisher: Springer International Publishing

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Abstract

This chapter finds the indebted democratic state in a trapped position trying to satisfy conflicting interests of domestic and global actors, and tries to assess it from the institutionalist political economy perspective. The discussion on the possible ways of creating new alliances among the players would require much deeper elaboration and actually is a promising strand of new research to be embraced in the future.

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Footnotes
1
We borrow this concept from Michał Kalecki, who in his famous paper on full employment (Kalecki 1943) mentioned that a ‘state of confidence’ is a very promising way of keeping governments in check by ‘captains of industry’. He remarked that capitalists had ‘a powerful indirect control over government policy: everything which may shake the state of confidence must be carefully avoided because it would cause an economic crisis. (…) The social function of the doctrine of ‘sound finance’ is to make the level of employment dependent on the state of confidence’ (p. 325). Analogous mechanism works today.
 
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Metadata
Title
The Contemporary State and Interests: A Framework of Analysis
Authors
Anna Ząbkowicz
Sławomir Czech
Copyright Year
2018
Book
Institutionalist Perspectives on Development

Print ISBN: 978-3-319-98493-3

Electronic ISBN: 978-3-319-98494-0

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-98494-0_3