Sumários
States and Markets in the institutionalist perspective
13 Novembro 2025, 14:30 • Ana Cristina Costa
States and Markets in the institutionalist perspective
Required Readings for the lectures
Strange, Susan (1995), “The Defective State”, Daedalus, 124(2), What Future
for the State?: 55-74.
Complementary readings:
Crouch, Colin (2004), “The State and Innovations in Economic Governance”,
Political Quarterly, 75(1): 100-116.
States and Markets in the institutionalist perspective
12 Novembro 2025, 13:00 • Ana Cristina Costa
States and Markets in the institutionalist perspective
Required Readings for the lecture:
Chang, HaJoon (2002), “Breaking the mould: an institutionalist political
economy alternative to the neoliberal theory of the market and the state”,
Cambridge Journal of Economics, 26: 539-559
Complementary readings:
Polanyi, Karl, 1957 [1944]: The Great Transformation: The Political and
Economic Origins of Our Time, Boston: Beacon Press, [Chapter 5, 6, 11, 12, and
21].
Schmidt, V. (2009), “Putting the Political Back Into Political Economy by
Bringing the State Back in Yet Again”, World Politics, 61 (3): 516-54.
Control, separation and association within neoliberalism
6 Novembro 2025, 14:30 • Ana Cristina Costa
Control, separation and association within neoliberalism
Required Readings for the lecture:
Amable, Bruno (2011), “Morals and politics in the ideology of Neo-liberalism”, Socio-Economic Review, 9, 3-30.
Complementary readings:
Friedman, Milton (1951), “Neo-Liberalism and its Prospects”, 17 February 1951: 89-93 Farmand/Human Events.
Hayek, F. A. (1960), The Constitution of Liberty, Routledge: London, [Chapters 1, 2, 3, 6 and 9].
Mirowski, Philip (2007), “Naturalizing the market on the road to revisionism: Bruce Caldwell’s Hayek’s challenge and the challenge of Hayek interpretation”, Journal of Institutional Economics 3: 351-372.
Rodrigues, João (2013), “Between Rules and Incentives: Uncovering Hayek’s Moral Economy ”, American Journal of Economics and Sociology, (72) 3: 565-592.
The conventional perspective about the economic role of the State: welfare economics
5 Novembro 2025, 13:00 • Ana Cristina Costa
The conventional perspective about the economic role of the State: welfare economics
Required Readings for the lecture:
Medema, Steven (2009), The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas, New Jersey: Princeton University Press, [Chapter 3].
Complementary readings:
Akerlof, George A. (1970), The market for “lemons”: quality uncertainty and the market mechanism, Quarterly Journal of Economics 84: 488-500.
Arrow, Kenneth J. (1963), Uncertainty and the welfare economics of medical care, The American Economic Review vol. 53, no. 5: 941-973.
Control, separation and association within classical liberalism
30 Outubro 2025, 14:30 • Ana Cristina Costa
Control, separation and association within classical liberalism
Required Readings for the lecture:
Caldas, José Castro, Ana Costa and Tom Burns (2007), “Rethinking economics: the potential contribution of the classics”, Cambridge Journal of Economics, 31(1): 25-40.
Complementary readings:
Clift B (2014) Comparative Political Economy: States, Markets and Global Capitalism, Basingstoke: Palgrave Macmillan [Chapter 3]
Mill, John Stuart. (1868). Principles of political economy with some of their applications to social philosophy (People's Edition). London: Logmans, Green, Reader and Dyer [Book II, Chapters I and II].
Nussbaum, Martha C. (2004), “Mill Between Aristotle & Bentham”, Daedalus
133(2): 60-68.
Smith, Adam (1993[1776]), An Inquiry into the Nature and Causes of the Wealth of Nations, Oxford: Oxford University Press, [Book 1, Chapter VII, 53-62; Book 1, Chapter XI, 145-157].
Watson, Matthew (2005), “What makes a market economy? Schumpeter, Smith and Walras on the coordination problem, New Political Economy, 10 (2): 143-161.