[W] Global Political Economy

Coordinators: Hardy Hanappi
Vienna University of Technology, Austria
Claude Serfati
Universite de Saint-Quentin-en-Yvelines, France

The world economy is characterized by a rapid intensification of interdependencies. Nation states develop into continental blocks, economic and political motives of actors and coalitions of actors in the global interplay can rarely be distinguished. In this global political economy that starts to emerge in the new century the role of economic policy – traditionally bound to measures of fiscal and monetary policy at the national level – has to be redefined and re-designed. The task of the new research area W thus is to provide a research arena for the discussion of global economic policy; it aims for evolutionary economic policy in the sense of debating the framework within which rule systems can experience evolution, rather than to devise specific general rules derived from axioms of postulated individual behavior.