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The purpose of this paper is to apply some of the core general principles of heterodox political economy--especially with an institutional and evolutionary emphasis--to the topic of corruption as a global, regional, and national phenomenon. I start with the principle of historical specificity, where the known history of corruption processes and concepts are examined. I follow the evolution of the corruption discourse, starting with the classical scholars of ancient Greece and numerous others, who had a systemic view of the matter. I proceed through the micro-views of Roman law, to Adam Smith and others who took an individualist view of corruption, and onto the reemergence of the corruption discourse in the period between the 1970s and the 2010s. In the process, I investigate the micro-perspective, but increasingly center on the 'modern classical works' on systemic corruption. Then, I present the basics of a modern institutional and evolutionary perspective on corruption through the principle of contradiction, which defines corruption as the promotion of vested interests against the common good in the form of bribery, fraud, embezzlement, state capture, nepotism, extortion, and others. Social dominance theory is applied to corruption vis-a-vis dominant and subordinate groups, and the styles of corruption activated by elites are surveyed as they gain resources, favors, and economic surplus against the interests of 'common people.' Finally, I scrutinize the principle of uneven development, paying special attention to four main stylized facts about corruption throughout the world in relation to (i) development patterns, (ii) corporate corruption, (iii) key sectors/nations, and (iv) inequality. Throughout the paper, I outline ways to reduce corruption and modify the structure of power to benefit the common good, socioeconomic performance, and the functioning of institutions. Keywords: contradictions, corruption, history, principles, uneven development JEL Classification Codes: B50, D70, O57, P0, The first principle of heterodox political economy is historical specificity--the idea that economic theory and empirics should be embedded in a historical view of socioeconomic systems evolving through time. (1) [...]

Cultural Economics and Theory: The Evolutionary Economics of David Hamilton, edited by David Hamilton, Glen Atkinson, William Dugger and William Waller. New York: Routledge, 2011. Hardcover: ISBN 978-0-415-49091-7, $155.00, 272 [...]

We examine the extent to which neoliberal or post-neoliberal forces have been generating a new global or regional social structure of accumulation (SSA) or mode of regulation (MOR) through enhancing growth, productivity and financial stability. After outlining the contours of neoliberalism and post-neoliberalism, the record of economic performance is reviewed over the 1950s-2000s. We conclude that highly advanced capitalist economies have mostly been undergoing regime maturation while numerous nations of Asia (especially China) have been transforming their SSAs or MORs. Neoliberal or post-neoliberal institutions must necessarily be supplemented by changes in many other areas for long wave upswing to emerge. Keywords: mode of regulation, neoliberalism, post-neoliberalism, social structure of accumulation JEI Classification Codes: B52, D24, E02, N10, G01, Neoliberalism has been undergoing emergence, transformation and evolution over the past 30 years around the world, especially since the time of Thatcherism and Reaganomics in the late 1970s and 1980s. [...]

This paper seeks to promote the development of the principle of circular and cumulative causation (CCC) through integrating social and economic dimensions as applied to historical problems. It starts by examining the similarities and differences between Myrdalian and Kaldorian circular and cumulative causation. It shows that the similarities help link the approaches, while the differences enable complementary specializations. There are core elements in both traditions plus specializations that are complementary. A degree of convergence exists between these traditions of institutional and post Keynesian schools, enhancing the analytical spread of vision of contemporary political economy. Keywords: circular and cumulative causation, Gunnar Myrdal, Nicholas Kaldor, institutional and post Keynesian political economy JEL Classification Codes: B52, E12, 042, P16, Z1, Circular and cumulative causation (CCC) has been a critical principle of political economy for over a hundred years. While the roots of the concept go back further (see Humphrey 1990; [...]

Acquired Immunodeficiency Syndrome (AIDS) and Human Immunodeficiency Virus (HIV) emerged on the global scene in the early 1980s, and since then has become one of the critical factors affecting human [...]

Over the past forty years there has been a considerable revival of heterodox political economy throughout the world. Heterodoxy has experienced a renewal in the form of several schools of [...]

James Ronald Stanfield was born into a poor working class family on November 22, 1945. He was brought up in Handley, Texas, a semi-rural area at the time, went to [...]

In The Cultural Contradictions of Capitalism, Daniel Bell (1976) found that the decline of the bourgeois value system was brought about largely by the bourgeois economic system itself. In his [...]

Financial Instability and Economic Security After the Great Recession, edited by Charles J. Whalen. Cheltenham, UK: Edward Elgar, 2011 and 2013. Hardcover: ISBN 978-0-85793-483-3; Paperback: ISBN 978-1-78254-780-8, 58.50 [pounds sterling] [...]

This paper examines the link between themes and trends within the traditions of the Association for Evolutionary Economics (AFEE) and the Union for Radical Political Economics (URPE). In more recent [...]

Since the late 1960s and early 1970s, most highly developed capitalist economies have suffered from a high level of instability and a sustained reduction in the rate of growth of [...]

A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century, by Frederic Lee. London and New York: Routledge/Taylor and Francis. 2009. Hardcover: ISBN 978 0 415 77714 8 [...]