IDEAS home Printed from https://ideas.repec.org/a/cup/nierev/v271y2025ip55-63_7.html

Embeddedness, Policymaking, And The Dynamic Constitution: Which Ways Ahead?

Author

Listed:
  • Pabst, Adrian
  • Scazzieri, Roberto

Abstract

The formal and informal arrangements underpinning constitutional settlements reflect the relationships at the foundations of the economy and the polity. There is mutual embedding of the economy within the intertwined collective objectives characterising the polity, and of the polity within the web of material interdependencies characterising the economy. This mutual embeddedness defines the ‘constitution’ of political economy as the pattern of connectivity reflecting the relationship between the political constitution and the economic constitution. This has deep implications for the dynamics of the economy and the polity, as well as for the character and effectiveness of actions by stakeholders in both spheres.

Suggested Citation

  • Pabst, Adrian & Scazzieri, Roberto, 2025. "Embeddedness, Policymaking, And The Dynamic Constitution: Which Ways Ahead?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 271, pages 55-63, February.
    • Handle: RePEc:cup:nierev:v:271:y:2025:i::p:55-63_7
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0027950125100653/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:nierev:v:271:y:2025:i::p:55-63_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.