Ideas vs. interests: Elites and innovation in sustainable economies
DOI:
https://doi.org/10.29073/jer.v2i2.34Keywords:
Ideas, Interests, Institutional Change, Policy Formulation, Political EconomyAbstract
This article provides a critical analysis of the articles When Ideas Trump Interests: Preferences, Worldviews, and Policy Innovations and Economic Backwardness in Political Perspective through the lens of Applied Political Economy and parametricity criteria. Both articles explore two central lines of inquiry in political economy: interests and ideas, examining their origins and implications within the context of power dynamics and governance. The analysis concludes that elites play a decisive role in shaping societies, either through the promotion of vested interests or systematic omission of policies rooted in innovative ideas.
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