New SPERI Paper: Rethinking the fiscal and monetary political economy of the Green State

A new Paper published today by SPERI investigates an under-theorised contradiction in the political economy of the Green State; a Robyn Eckersley concept which fosters a debate on how state capacity and legitimacy can be pragmatically utilised in order to realise environmental protection. The contradiction identified centres upon the operationalisation of an interventionist state, the move beyond economic growth, and the deference afforded to the ceteris paribus conventions of state financing. The author argues that the three cannot co-exist harmoniously, given the ramifications of moving beyond growth for the fiscal capacity of the state. Therefore, there is a need to go further than even Eckersley does in re-politicising and challenging capitalist conventions. Specifically, Eckersley’s own critical constructivist approach is invoked to interrogate the capitalist conventions that constitute the constraints surrounding state financing, such as the de-politicised production of money and the viability of debt relations.

Download SPERI Paper No. 37: Rethinking the fiscal and monetary political economy of the Green State.

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18 January 2017 by
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