Capitalism and political power

• Druk: Warszawa, 2017
• Autor: Krzysztof Waśniewski
• Wydawca: Scholar

"Capitalism and Political Power" presents the author’s research spanning economics, law and politics. Its central idea is that governments need two components to consolidate their position: legitimation and economic power. Legitimation is conferred by popular support, and economic power is based on natural, temporary possession of capital. This concept draws on Nouriel Roubini and Jeffrey Sachs’ seminal research and on George Tsebelis’ political theory, looking at political systems as structures formed by separate political agents – “veto players”. Substantial evidence is provided that the more complex the political system is, the more capital it holds, and that the government has only a relative impact on redistribution of capital, decreasing ever since the mid-1980s, as political systems began to move towards simplification and standardization.

Krzysztof Waśniewski (b. 1968), Doctor of Economics, Assistant Professor at the Faculty of Management of the Andrzej Frycz Modrzewski Cracow University in Cracow, Poland. His interests, which earlier focused on corporate strategies, now also include institutional economics and other social disciplines such as law, political sciences and sociology.

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• Język wydania: polski
• ISBN: 978-83-7383-882-6
• ISBN druku: 978-83-7383-882-6
• Liczba stron: 214

Contents
Introduction 	7
Chapter 1. The constitutional state as a functional technology 11
1.1. The classical, sociological canon set by Emile Durkheim
and Max Weber 15
1.2. Fernand Braudel and the “set of sets” theory 19
1.3. Jurgen Habermas and discursive politics  22
1.4. The utilitarian view of the state  25
1.5. Thomas Malthus and the demographic factor  28
1.6. The theory of social contract: Rousseau and Rawls  30
1.7. Herbert Hart’s theory of law  33
1.8. The division of powers in political systems  35
1.9. Attempt at the classification of political systems 	38
1.10. The economic role of political institutions
and Barry Weingast’s theory  40
1.11. Recent evolution in political systems and in international
relations 	45
1.12. Changes in international law 49
1.13. Migrations  53
1.14. International aid as an aspect of international relations  55
1.15. Investor-state disputes and international law  61
1.16. A tentative conclusion: political systems seen as technologies
with a lifecycle based on efficiency  73
Chapter 2. The fiscal function of constitutional states  90
2.1. The main fiscal trends observable in the sample of 77 countries 	96
2.2. Bank lending, private debt and public debt 	102
2.3. The general issue of public debt  103
2.4. Types and clusters of political systems in the sample
of 77 countries  	118
2.5. Fiscal stances typical for political systems	121
2.6. Conclusion – the institutional foundations of capital appropriation
in political systems   133
Chapter 3. Changes in the ways that capitalism works  137
3.1. Environmental challenges 	138
3.2. Accumulation and depreciation of capital stock in the global
economy 146
3.3. The velocity of money	149
3.4. The velocity of money and financial markets 159
3.5. National case studies	167
3.5.1. United States	169
3.5.2. Bolivia	171
3.5.3. New Zealand	175
3.5.4. Mexico	181
3.5.5. Israel 184
Concluding remarks	187
Bibliography	199
Index of names	210
List of Tables	213
List of Figures 	214