The Political Economy of Collective Action, Inequality, and Development by William D. Ferguson

Author:William D. Ferguson
Language: eng
Format: epub
Publisher: Stanford University Press
Published: 2020-05-15T00:00:00+00:00

III

TYPOLOGIES AND A NEW FRAMEWORK FOR DEVELOPMENT THEORY

PART III ADDRESSES SEVERAL approaches to classifying political settlements (hereafter, PSs) and social orders as it constructs the central component of this text’s conceptual framework for the political economy of development. Recall that social orders are macro-level equilibria of institutional systems that persist over the stable phase of a punctuated equilibrium cycle, and PSs are mutual understandings held among elites and powerful organizations that establish politics, rather than violence, as their primary social mechanism for handling disputes. PSs underlie institutional systems and corresponding social orders. Classification of PSs thus facilitates inquiry into relationships between distributions of power, the composition and motivation of political constituencies, configurations of institutions, distributions of benefits, CAPs, and, ultimately, developmental prospects. Chapter 7 sets the stage by addressing several approaches to categorizing social orders and PSs that appear in the literature. Building on these concepts, Chapter 8 develops my approach. It develops a typology of PSs that addresses distinct political foundations of social orders, where each element of the typology implies a distinct set of CAPs that shape a society’s prospects for economic and political development. Chapter 9 extends this basic typology into business-state relations and potential feedback effects of economic returns on settlement stability. It pays particular attention to second-order CAPs associated with rendering exchange agreements credible, as well as associated impacts on allocations of benefits and power that, in turn, either reinforce or undermine configurations of institutions and PSs. Jointly, Chapters 8 and 9, with attention to H1–H5, offer a new conceptual framework for analyzing the political economy of development.

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