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Our Millennium: Political Science Confronts the Global Corporate Economy

International Political Science Review / Revue internationale de science politique, 1 April 2001, Vol.22(2), pp.131-150 [Peer Reviewed Journal]

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  • Title:
    Our Millennium: Political Science Confronts the Global Corporate Economy
  • Author: Lowi, Theodore J.
  • Found In: International Political Science Review / Revue internationale de science politique, 1 April 2001, Vol.22(2), pp.131-150 [Peer Reviewed Journal]
  • Subjects: International Relations ; Political Science
  • Language: English
  • Description: Of all the freedoms for which the cold war was fought, free enterprise was deemed sufficient for acquisition of all the other freedoms. The task of political science should now be to expose the loose and insecure moorings of economic ideology and to develop an approach more appropriate to the realities of our time. Our new millennium is a corporate millennium that has been interpreted in the hegemonic model to mean private and free (that is, unregulated) markets. However, any theory capable of incorporating the corporation has to be one of political economy. The first section of this article identifies six state-provided assumptions homo economicus has to be able to make prior to making or entering a market, without which homo economicus stays home. The second section puts the issue in a global context by identifying three developmental tracks--macro, meso, and micro. Their existence denies the possibility of a pure economic theory of globalization. The third section describes the distinctive politics of each of the three tracks, demonstrating still more conclusively that political economy is the only approach competent to deal with the new corporate millennium. In conclusion, the author argues that political economy is and should be the new political science that this new era requires. /// Selon le paradigme d'analyse dominant à l'heure actuelle le nouveau millénaire serait celui d'un marché, libre et non réglementé; ce serait le millénaire des corporations. Or, il apparaît que l'homo economicus ne saurait se passer de gouvernement ni de politique publique. Du niveau local au niveau mondial, l'intervention de décideurs de toutes sortes interdit que le marché, même dans ses aspects les moins réglementés, puisse être expliqué par une théorie purement économique de la mondialisation. La science politique doit donc se refonder dans une économie politique dont elle s'était séparée, comme l'économie d'ailleurs. Cette nouvelle économie politique revitalisée serait mieux à même de faire face à une théorie économique qui s'appauvrit à vouloir être trop pure.
  • Identifier: ISSN: 01925121

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