Blog

Created
Tue, 09/05/2023 - 06:00

In 1976, Robert Gilpin distinguished three contrasting political economy perspectives: liberalism, Marxism, and mercantilism. Gilpin introduced these International Relations-derived categories as theories and ideologies of political economy, sometimes conceived either as explanatory models or future scenarios. He recognises that the three ideologies ‘define the conflicting perspectives’ that actors have, but he does not go as far as to theorise how the perspectives may be part of the dynamics of the world economy and generative of its history and future. Gilpin’s models, scenarios, and theories are thus mainly cognitive attempts to understand reality from the outside. Since Gilpin’s main works, a large number of critical and constructivist International Political Economy (IPE) and Global Political Economy (GPE) approaches have arisen, stressing the constitutive role of ideas and performativity of theories. Many of these studies, however, tend to focus on aspects of contemporary matters or specific issues and fall short of analysing broad historical developments and, most markedly, causation.

Created
Thu, 04/05/2023 - 06:00

Political economists often place the state at the centre of explanations of change in capitalism. The emergence of a ‘welfare’ or ‘nation building’ state during the twentieth century reflects the advance of democratic movements and Keynesian inspired macroeconomic management. More recently neoliberalism is associated with fiscal austerity enforced through the rise of corporate and financial power. Shifts in state finances, and how states finances are accounted for, were central to these broader political-economic shifts.

In a recent open access article published in the journal Critical Perspectives on Accounting, as part of a forthcoming special issue on ‘the future of the state’, we bring state theory into conversation with critical accounting literature to explore the relationship between fiscal accounting and capitalist change. Drawing on Joseph Schumpeter’s fiscal sociology and his concept of the ‘tax state’, we connect changes in fiscal practice to turning points in the reorganisation of the state’s role within capitalism [...]