Callonistics: a disentanglement

A critical response is offered to the special issue of Economy and Society devoted to Michel Callon's economics. The continuing weaknesses of his approach, as adopted and adapted from actor-network theory and the study of science and technology, are highlighted, together with the weaknesses of the economics itself. In addition, the latter is shown to conform heavily with recent developments within and around mainstream economics. The conclusion that capitalism does not exist, and so does not need a political economy, is argued both to disarm social theory in face of the current, virulent assault from economics imperialism and to waste the opportunity to offer an alternative economics of its own.     

Policy Area as a Potential Moderator of Transparency Effects: An Experiment

Building on the counterintuitive findings of recent empirical studies that transparency in political decision making may have a negative effect on public legitimacy beliefs, this article suggests that transparency has different effects depending on the policy area. Specifically, it argues that transparency is less effective in policy decisions that involve trade‐offs related to questions of human life and death or well‐being. Using an experiment that involved 1,032 participants, the effect of transparency is tested in two policy areas that represent routine priority setting (culture and leisure) and policy decisions implicitly related to human life and well‐being (traffic security). Results indicate that transparency can increase public acceptance of political decisions, but this effect is moderated by the type of policy area. Furthermore, a limited type of transparency in which decision makers provide justifications for their decisions can result in benefits while avoiding potential costs.     

Drug use and violence: Rethinking the connections

This paper examines the available empirical and theoretical literature on the connections between drug use and violent crime, using the conceptual framework developed by Goldstein (1985). The authors argue that the available evidence on the drugs/violence nexus does not support moral claims about the ‘harmfulness’ of illegal drugs that underpin the criminalization of certain mind-active drugs. Instead, much of the connection between legal and illegal drug use and violence appears to be an effect of a history of criminalization of certain drugs. Law is therefore implicated in producing the connection between drug use and violence, rather than acting simply as a neutral mechanism for controlling criminal violence.     

Elective affinity or comprehensive contradiction? Reflections on capitalism and democracy in the time of finance-dominated accumulation and austerity states

The often-asserted relation of formal adequacy or elective affinity between capitalism and democracy is historically contingent on both sides of the relation. First, it holds for what Weber called “formally rational capitalism” – which is the form that Marx had previously investigated in Das Kapital – rather than others, such as traditional commercial capitalism or politically oriented capitalism. Second, it holds only to the extent that “the comprehensive contradiction” identified by Marx at the heart of the democratic constitution can be resolved: the contradiction between a universal franchise that potentially gives subaltern classes control over legislative and executive powers and a constitution that protects property rights favourable to capital. Building upon Poulantzas, it is then argued that these conditions are being undermined by the rise of new forms of political capitalism, especially finance-dominated accumulation, that are facilitated in turn by the consolidation of both neoliberalism and “authoritarian statism”. This involves the intensification of “exceptional” elements in a formally democratic shell, and the emergence of a permanent state of austerity. The article concludes with comments on the limits of finance-dominated accumulation and the austerity state.