Why inequality matters: From economism to social integrity (2014)

Sociologists tend to assume inequality matters, while economists often assume it does not, saying inequality generates dynamic incentives in competitive markets. Alternatively, other economists say inequality does matter; this is but mainly because it affects economic growth, which they claim to be the foundation of social progress. Meanwhile, sociologists disagree over whether inequality matters due do its violation of social justice principles, of some notional social contract, or whether it is actually undermining the foundations of a coherent and functional human society. Continue reading “Why inequality matters: From economism to social integrity (2014)”

The petroleum fund and development strategy in Timor Leste (2010)

The paper takes a political economy approach, which combines financial and developmental analysis with economic and institutional context. The aim of Part A is to clarify reform options proposed for the Fund, along with relevant considerations. The aim of Part B is to analyse development strategy, including use of Fund revenues, and the implications. Continue reading “The petroleum fund and development strategy in Timor Leste (2010)”

Marx, method and western political economy (2004)

This paper will consider the place of Marx and method, in an attempt to identify the main avenues of enquiry in western political economy. There is controversy over the nature of political economy, and to what extent it constitutes a distinct analytical approach. Liberals, realists, institutionalists and Marxists all lay claim to various parts of this grand 19th Century tradition. I will argue that, in a practical sense, political economy has enduring relevance more by identifying broad avenues of enquiry, than through received canonical knowledge. Continue reading “Marx, method and western political economy (2004)”