Home > Research > Publications & Outputs > Beyond the Mutual Constitution of States and Ma...

Electronic data

  • Copley and Moraitis - Beyond the Mutual Constitution of States and Markets

    Rights statement: This is an Accepted Manuscript of an article published by Taylor & Francis in New Political Economy on 20/05/2020, available online:  https://www.tandfonline.com/doi/abs/10.1080/13563467.2020.1766430

    Accepted author manuscript, 307 KB, PDF document

    Embargo ends: 20/11/21

    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

Links

Text available via DOI:

View graph of relations

Beyond the Mutual Constitution of States and Markets: On the Governance of Alienation

Research output: Contribution to journalJournal articlepeer-review

E-pub ahead of print
<mark>Journal publication date</mark>20/05/2020
<mark>Journal</mark>New Political Economy
Number of pages19
Publication StatusE-pub ahead of print
Early online date20/05/20
<mark>Original language</mark>English

Abstract

International Political Economy (IPE) textbooks tend to present the concept of a clear state-market dichotomy as the disciplinary mainstream. Yet we argue that a critical consensus has emerged around the mutual constitution of states and markets. Underpinning this is the Polanyian thesis that economic activities are always politically embedded. However, we claim that this notion of state-market mutual constitution is inadequate to grasp the peculiarities of the capitalist political economy. While capitalist market relations are underpinned by states, they take on an autonomous, dominating logic that limits states’ agency. Concretely, by reproducing international monetary relations, states accidentally contribute to the establishment of world labour productivity averages that force them to boost national competitiveness in order to keep pace with world market standards. In place of the notion of mutual constitution, then, we offer Marx’s concept of alienation as a theory of a form of social relations that have escaped the control of the institutions that produce them. The challenge of state governance – reflected in the canon of liberal thought – is to reconcile the impersonal imperatives of world market relations with the creation of a legitimate national political project, which we term the politics of governing alienation.

Bibliographic note

This is an Accepted Manuscript of an article published by Taylor & Francis in New Political Economy on 20/05/2020, available online:  https://www.tandfonline.com/doi/abs/10.1080/13563467.2020.1766430