Article ID Journal Published Year Pages File Type
970820 The Journal of Socio-Economics 2011 14 Pages PDF
Abstract

This paper presents a theory of political change that combines structural and strategic elements which determine elites’ degree of fragmentation with cultural factors that exert an influence on the cohesiveness of civil society. Therefore, political change is seen as an outcome of modifications in the bargaining positions of these two segments of society which, in turn, are transformed through economic dynamics and the propagation of certain cultural variants. With evolutionary theorizing and bounded rationality, it is possible to explain the co-evolution of socioeconomic variables, as well as the importance of the historical legacy in establishing different routes of political change.

Research highlights▶ The model can explain a variety of observed outcomes of political change over time. ▶ Cultural evolution allows an alternative approach to political change. ▶ An explanation is offered for the presence of poverty traps and fortune reversion. ▶ The theory of the ‘human development sequence’ is formalized.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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