Evolutionary Political Economy in Action

This book explores the intertwined dynamics of politics and economics, offering an evolutionary perspective on pressing issues in Europe, particularly focusing on the challenges faced by Cyprus and Greece during the financial crisis.

Evolutionary Political Economy in Action explores the intricate relationship between political and economic dynamics in a world facing significant challenges. In the wake of the financial crisis, traditional economic theories have shown limitations, leading policymakers to question their reliability. This book proposes a fresh perspective by intertwining political and economic factors while incorporating an evolutionary viewpoint, allowing for a long-term analysis of social institutions' development and decline.

The book is divided into two parts. The first section addresses various pressing issues in Europe, examining how an evolutionary political economy can effectively tackle contemporary policy challenges. It raises critical questions, such as whether Europe should bolster NATO forces on its Eastern border or pursue economic collaboration with Russia. Additionally, it discusses the potential for advancing democracy across the continent, the implications of economies of scope, and the role of emerging protest movements against inequality in shaping alternatives. The authors envision a unified, socioecological Europe, providing a comprehensive framework for understanding these complex issues.

In the second part, the focus shifts to Cyprus and Greece, where the financial crisis's impact has been intensified by the interventions of the troika. Through a series of essays, the authors illustrate the valuable insights gained from an evolutionary political economy approach and propose viable solutions to the challenges faced by these nations. This volume serves as a valuable resource for social scientists in economics, politics, and sociology, offering a deeper understanding of evolutionary political economy and its practical applications.