Making Global Markets: Historical Institutionalism in International Political Economy, Introduction to Special Issue on Historical Institutionalism and International Market Regulation – with Abraham Newman

As dramatically evidenced by the global financial crisis, the interaction of domestic regulatory systems has significant international consequences. Nevertheless, these relationships have received only limited attention from international relations scholars. This special issue, therefore, provides a de- tailed examination of international market regulation – the processes through which the domestic regulatory activities of states and other actors set the ef- fective rules of internationally-exposed markets. To this end, we borrow and extend on arguments developed by historical institutionalists in comparative politics and American political development. In particular, the contributions adapt two mechanisms – policy feedbacks and relative sequencing – to ex- plain state and bureaucratic preferences over international market regulation as well as bargaining strength in relevant negotiations. In addition to con- tributing to central IPE debates about international economic governance, the individual contributions shed light on a number of important empirical domains such as corporate accounting, intellectual property, pharmaceuti- cals, hedge funds, and financial market standardization.

Henry Farrell and Abraham Newman (2010), “Making Global Markets: Historical Institutionalism in International Political Economy,” Introduction to Special Issue on Historical Institutionalism and International Market Regulation, Review of International Political Economy, 17, 4:609-638.

Other Writing:

Essay

How Enduring Is American Economic Inequality?

Alfred Stepan and Juan Linz in a review essay (gated) in the most recent issue of Perspectives on Politics. Certainly there were many important welfare improvements in the United States from the 1930s to the late 1960s, linked to Franklin Roosevelt’s New Deal, the Civil Rights movements, and Lyndon Johnson’s Great Society. In fact, by ...
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Academic Article

Ontology, Methodology and Causation in the American School of International Political Economy – with Martha Finnemore

This paper explores disjunctures between ontology and methodology in the American school to better understand both the limits of this approach and ways we can counter its blind spots. Tierney and Maliniak’s TRIP data point to a strong elective affinity between, on the one hand, rationalist/liberal 10 ontological assumptions and quantitative methodologies, and on the other, constructivist ...
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