Development and the revival of political economy

Detalhes bibliográficos
Autor(a) principal: Martins, Nuno Ornelas
Data de Publicação: 2021
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/42570
Resumo: Ha-Joon Chang argues that there has been a switch in development thinking from a “productionist” view, in which development is conceptualized in terms of the productive structures of the economy, to “neoliberal” and “humanistic” views of development, where in the humanistic view development is studied in terms of its impact on human well-being. Chang calls for a new developmentalism that integrates both the productionist and the humanistic view, within an institutionalist approach. Here I address the prospects for a synthesis between productionist and humanistic views drawing on the idea of a revival of political economy developed at Cambridge, UK, especially on the contributions of Joan Robinson, Piero Sraffa, and others. More specifically, I argue that Celso Furtado's suggestion of applying the theoretical framework that underpins this revival of political economy to the study of development can help achieving a fruitful synthesis between productionist and humanistic approaches to development, while also drawing on elements from post Keynesianism and original institutionalism.
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spelling Development and the revival of political economyCultureDevelopmentInstitutionsProductionWell-beingHa-Joon Chang argues that there has been a switch in development thinking from a “productionist” view, in which development is conceptualized in terms of the productive structures of the economy, to “neoliberal” and “humanistic” views of development, where in the humanistic view development is studied in terms of its impact on human well-being. Chang calls for a new developmentalism that integrates both the productionist and the humanistic view, within an institutionalist approach. Here I address the prospects for a synthesis between productionist and humanistic views drawing on the idea of a revival of political economy developed at Cambridge, UK, especially on the contributions of Joan Robinson, Piero Sraffa, and others. More specifically, I argue that Celso Furtado's suggestion of applying the theoretical framework that underpins this revival of political economy to the study of development can help achieving a fruitful synthesis between productionist and humanistic approaches to development, while also drawing on elements from post Keynesianism and original institutionalism.Veritati - Repositório Institucional da Universidade Católica PortuguesaMartins, Nuno Ornelas2023-09-22T11:44:14Z2021-01-022021-01-02T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.14/42570eng0021-362410.1080/00213624.2021.187479785102478571000627590600008info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-26T01:38:33Zoai:repositorio.ucp.pt:10400.14/42570Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:31:00.459675Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Development and the revival of political economy
title Development and the revival of political economy
spellingShingle Development and the revival of political economy
Martins, Nuno Ornelas
Culture
Development
Institutions
Production
Well-being
title_short Development and the revival of political economy
title_full Development and the revival of political economy
title_fullStr Development and the revival of political economy
title_full_unstemmed Development and the revival of political economy
title_sort Development and the revival of political economy
author Martins, Nuno Ornelas
author_facet Martins, Nuno Ornelas
author_role author
dc.contributor.none.fl_str_mv Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Martins, Nuno Ornelas
dc.subject.por.fl_str_mv Culture
Development
Institutions
Production
Well-being
topic Culture
Development
Institutions
Production
Well-being
description Ha-Joon Chang argues that there has been a switch in development thinking from a “productionist” view, in which development is conceptualized in terms of the productive structures of the economy, to “neoliberal” and “humanistic” views of development, where in the humanistic view development is studied in terms of its impact on human well-being. Chang calls for a new developmentalism that integrates both the productionist and the humanistic view, within an institutionalist approach. Here I address the prospects for a synthesis between productionist and humanistic views drawing on the idea of a revival of political economy developed at Cambridge, UK, especially on the contributions of Joan Robinson, Piero Sraffa, and others. More specifically, I argue that Celso Furtado's suggestion of applying the theoretical framework that underpins this revival of political economy to the study of development can help achieving a fruitful synthesis between productionist and humanistic approaches to development, while also drawing on elements from post Keynesianism and original institutionalism.
publishDate 2021
dc.date.none.fl_str_mv 2021-01-02
2021-01-02T00:00:00Z
2023-09-22T11:44:14Z
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10.1080/00213624.2021.1874797
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