Murphy, Peter (2020) The Political Economy of Prosperity: successful societies and productive cultures. Routledge Frontiers of Political Economy . Routledge, Abingdon, UK.

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Abstract

Why do some nations and cities attain high levels of economic and social prosperity? What makes them so successful? The kinds of factors habitually cited in answer to these questions explain why nations improve their economic and social performance but not why a small group of nations (or cities) perform much better than the rest. Economists stress efficient markets, effective industries and functional factors like transport, health, education, and infrastructure. Political scientists emphasize honest and democratic government. This book argues that three further factors are key: paradoxes, patterns, and portals. To an unusual degree, the world's most prosperous economies and societies think and act paradoxically. At their core are enigmatic, puzzle-like belief systems that elicit cooperation via abstract patterns rather than personal connections. They are often accompanied by high levels of autodidactic, selfdirected learning and intense creation in the arts and sciences. These factors, when combined, facilitate large-scale interactions between strangers and, in so doing, they energize markets, industries, cities, and publics. Pattern-based political economies are especially prominent in the portal cities, regions, and nations that are concentrated along the world's maritime circumference in North America, East Asia, North-Western Europe, and Australasia. It is only by integrating additional cognitive, cultural, creative, and geographic elements that we can truly understand the successes of prosperous economies.

Item ID:	64014
Item Type:	Book (Research - A1)
ISBN:	978-1-138-58125-8
Keywords:	political economy; prosperity; economic systems; patterns; ratios; voice and exit; axial economies; romantic economies; enlightenment economies; paradox; antinomies; economic growth; portals; creativity; GDP; social spending
Related URLs:	Publisher
Copyright Information:	© 2020 Peter Murphy. First published 2020 by Routledge.
Date Deposited:	15 Oct 2020 01:26
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380112 Macroeconomics (incl. monetary and fiscal theory) @ 50% 44 HUMAN SOCIETY > 4410 Sociology > 441005 Social theory @ 50%
SEO Codes:	91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910103 Economic Growth @ 50% 97 EXPANDING KNOWLEDGE > 970116 Expanding Knowledge through Studies of Human Society @ 50%
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