Linking a post-Keynesian approach to critical political economy: debt-driven growth, export-driven growth and the crisis in Europe

TY - CHAP

T1 - Linking a post-Keynesian approach to critical political economy

T2 - debt-driven growth, export-driven growth and the crisis in Europe

AU - Stockhammer, E.

AU - Kohler, Karsten

PY - 2015

Y1 - 2015

N2 - Authoritarian constitutionalism is associated with increasing encroachments on the procedures of formal democracy and the rule of law. Such encroachments are intended to place the European ensemble of state apparatuses, with its neoliberal configuration, of which the national executives are part, in a position to chip away at the social rights that are still anchored in the national legal systems. A return to new constitutionalism will only be made once the deepening of European Economic and Monetary Union (EMU) has been widely completed by authoritarian constitutionalism. New constitutionalism already aimed at making economic policy more independent of the necessity of subaltern agreement. The new constitutionalism grants 'corporate capital' privileged rights, while constraining the democratic process that has involved struggles for representation for hundreds of years. Thus an institutional and operational establishment of the independence of political and judicial decision-making processes is accompanied by a curtailment of democratic controlling rights.

AB - Authoritarian constitutionalism is associated with increasing encroachments on the procedures of formal democracy and the rule of law. Such encroachments are intended to place the European ensemble of state apparatuses, with its neoliberal configuration, of which the national executives are part, in a position to chip away at the social rights that are still anchored in the national legal systems. A return to new constitutionalism will only be made once the deepening of European Economic and Monetary Union (EMU) has been widely completed by authoritarian constitutionalism. New constitutionalism already aimed at making economic policy more independent of the necessity of subaltern agreement. The new constitutionalism grants 'corporate capital' privileged rights, while constraining the democratic process that has involved struggles for representation for hundreds of years. Thus an institutional and operational establishment of the independence of political and judicial decision-making processes is accompanied by a curtailment of democratic controlling rights.

UR - https://www.routledge.com/Asymmetric-Crisis-in-Europe-and-Possible-Futures-Critical-Political-Economy/Jager-Springler/p/book/9781315764009

M3 - Chapter

T3 - RIPE series in global political economy

SP - 34

EP - 49

BT - Asymmetric crisis in Europe and possible futures

A2 - Jaeger, J.

A2 - Springler, E.

PB - Routledge

CY - London, U.K.

ER -