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SSRN Electronic Journal
Article . 2023 . Peer-reviewed
Data sources: Crossref
Review of Political Economy
Article . 2023 . Peer-reviewed
Data sources: Crossref
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Economics Imperialism and Economic Imperialism: Two Sides of the Same Coin

Authors: Angela Ambrosino; Mario Aldo Cedrini; John B. Davis;

Economics Imperialism and Economic Imperialism: Two Sides of the Same Coin

Abstract

We argue that in a core–periphery economic world economics imperialism as advanced by the postwar Chicago School and economic imperialism led by the economies of the north are two sides of the same coin. We first review the parallelism between postwar capitalism’s core–periphery expansion of the north into the south and the Chicago theory of economics imperialism. We then distinguish four forms of relationships between different disciplines, and using Rodrik’s augmented global capitalism trilemma argue Chicago adopts his Golden Straitjacket pathway, both for north–south capitalist expansion and core mainstream economics’ orientation toward other social science disciplines. The paper then uses Ricardo’s classic theory of rising rents to argue the Golden Straitjacket pathway is self-undermining for both, because it produces costly rising inframarginal rents in the north economies associated with financialization and in Chicago economics associated with its defense against other disciplines’ reverse imperialisms. We conclude that long-term forces operating on global economic development and the evolution of the social sciences suggest an alternative pathway for both that would produce a more pluralistic world economy and a more pluralistic economics.

Country
Italy
Related Organizations
Keywords

Economic imperialism, economics imperialism, Rodrik, Golden Straitjacket, Ricardo, financialization, reverse imperialism, pluralism

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
Green
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