The Political Economy of Prosperity: Successful Societies and Productive Cultures, 1st Edition (Hardback) book cover

The Political Economy of Prosperity

Successful Societies and Productive Cultures, 1st Edition

By Peter Murphy


224 pages | 33 B/W Illus.

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Hardback: 9781138581258
pub: 2019-11-15
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Why do some nations and cities attain high levels of economic and social prosperity? What makes them so successful? The kinds of factors habitually cited in answer to this question explain why nations improve their economic and social performance but not why a small group of nations (or cities) perform much better than the rest. Economists stress efficient markets, effective industries and functional factors like transport, health, education and infrastructure. Political scientists emphasize honest and democratic government. This bookargues that three further factors are key: paradoxes, patterns, and portals.

To an unusual degree, the world’s most prosperous economies and societies think and act paradoxically. At their core are enigmatic, puzzle-like belief systems which elicit cooperation via abstract patterns rather than personal connections. They are often accompanied by high levels of auto-didactic self-directed learning and intense creation in the arts and sciences. These factors, when combined, facilitate large-scale interactions between strangers and in so doing, they energize markets, industries, cities and publics. Pattern-based political economies are especially prominent in the portal cities, regions and nations that are concentrated along the world’s maritime circumference in North America, East Asia, North-Western Europe, and Australasia. It is only by integrating additional cognitive, cultural, creative and geographic elements that we can truly understand the successes of prosperous economies.

This book represents a significant contribution to the literature on political economy, economic growth and prosperity.

Table of Contents

1. Introduction: Successful Societies

2. The World’s Circumference

3. England

4. North-West Europe

5. America

6. East Asia

7. Becoming Successful

8. Conclusion: Paradoxes, Patterns, Portals and Perfect Strangers

About the Author

Peter Murphy is Adjunct Professor, School of Humanities and Social Sciences, La Trobe University and Research Fellow, The Cairns Institute, James Cook University.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / International / Economics