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The political economy of Italy's decline

Author: Andrea Lorenzo Capussela
Publisher: Oxford, United Kingdom : Oxford University Press, 2018.
Edition/Format:   eBook : Document : English : First editionView all editions and formats
Summary:
"Italy is a country of recent decline and long-standing idiosyncratic traits. A rich society served by an advanced manufacturing economy, where the rule of law is weak and political accountability low, it has long been in downward spiral alimented by corruption and clientelism. From this spiral has emerged an equilibrium as consistent as it is inefficient, that raises serious obstacles to economic and democratic  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Capussela, Andrea Lorenzo.
Political economy of Italy's decline.
Oxford : Oxford University Press, 2018
(OCoLC)1005107027
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Andrea Lorenzo Capussela
ISBN: 9780192517340 0192517341 9780191838620 0191838624
OCLC Number: 1030993843
Description: 1 online resource : illustrations
Contents: Cover; The Political Economy of Italy's Decline; Copyright; Dedication; Contents; List of Figures; List of Tables; List of Boxes; List of Abbreviations; Acknowledgements; Epigraph; Preface; Italy's Decline and the Risks It Entails; 'Bits of Paper', Violence, and 'Little Oligarchies'; The Stagnation of Productivity; Political Problems; Illegality; A Sketch of Our Interpretation; Outline of the Book; The Reasons for This Book; Invisible Facts and Petrifying Ones; 1: Introduction: Italy's Decline, the Existing Interpretations, and Our Hypothesis; The Gravity of Italy's Decline. Interpretations of Italy's Decline: the Main QuestionsSecular Weaknesses, the End of Convergence, and Four Shocks; Sisyphus's Reforms: the Adjustment to Changed Conditions; The Empirical Studies and their Conclusions; The Open Questions and Our Interpretation; 2: The Conceptual Framework: Growth, Institutions, and Social Orders; Long-Term Growth and Institutions; Convergence, Stages of Development, and 'Appropriate Institutions'; The Emergence and Persistence of Inefficient Institutions; The Primacy of Political Institutions and the Political Economy of Growth. Institutions: Definitions, Normative Theories, Controversies, and their RelevanceA Theory on Violence and Social Orders; The Subversion of the Formal Institutions, Transition, and Institutional Change; 3: The Conceptual Framework: Collective Action, Trust, Culture, and Ideas; Introduction: the Core of Our Conceptual Framework; The Collective Action Problem: the Common Good, Individual Rationality, and the Capacity of Citizens to Organize; The Consequences: 'Distributional Coalitions' and Institutional Sclerosis; Overcoming the Collective Action Problem: Laws and Social Norms. The Question of Compliance: Rational Choice, Beliefs, and ExpectationsSocial Norms: Origin and Change; Social Capital, Trust, and 'Civicness'; Trust, Good Government, and Development: the Question of Causality; A Critique of the Cultural Hypothesis; The Largely Independent Role of Ideas; 4: Vicious Circles and Multiple Equilibria: The Spiral; An Illustration: Public Services, Taxation, Corruption, and Political Accountability; The Public Interest, Individual Interests, and Multiple Equilibria; A Sketch of Italy's Problems; Institutions, Trust, Civicness, and Their Co-Evolution. Preferences and Ideas5: Italy's Social Order between Unification and Fascism; Social Order and Elites in the Nineteenth Century; Italy's Late Industrialization and the Policies of the Giolittian Era; World War I, Fascism, and the Rise of the State-Entrepreneur; The Liberal Elites and Fascism: the Regression of Italy's Social Order; 6: The Formation of the Republican Institutions; The Resistance and the Birth of the Republic; A Sketch of the Post-War Period: the Contest over Italy's Social Order; The Emergence of the Post-War Political Cleavages and Alignments (1944-1947).
Responsibility: Andrea Lorenzo Capussela.

Abstract:

Italy is a country of recent decline and long-standing idiosyncratic traits- a rich society where the rule of law is weak and political accountability is low. This book draws on political economic  Read more...

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Andrea Capussela has written an excellent book. Highly documented and compellingly argued, his analysis of Italy's long-term decline is convincing (as well as disturbing for many Italians). There is Read more...

 
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A rich society served by an advanced manufacturing economy, where the rule of law is weak and political accountability low, it has long been in downward spiral alimented by corruption and clientelism. From this spiral has emerged an equilibrium as consistent as it is inefficient, that raises serious obstacles to economic and democratic development. The Political Economy of Italy\'s Decline explains the causes of Italy\'s downward trajectory, and explains how the country can shift to a fairer and more efficient system. Analysing both political economic literature and the history of Italy from 1861 onwards, The Political Economy of Italy\'s Decline argues that the deeper roots of the decline lie in the political economy of growth. 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