Saving capitalism from empire
Uses of Colonial History in New Institutional Economics
Bibliographic Data
| ID | 4445335 |
|---|---|
| Authors | Onur Ulas Ince (0000-0002-9665-5188, SOAS University of London, corresponding author) |
| Year | 2024 |
| Volume | 38 |
| Issue | 4 |
| Pages | 589-614 |
| Publication date | 2024-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Relations (JOURNAL) |
| Journal identifiers | ISSN: 0047-1178 • E-ISSN: 1741-2862 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/00471178221104699 |
| OpenAlex | W4293058585 |
| Language | EN |
| Citations received | 6 |
| References cited | 76 |
This article contributes to theorising colonialism and capitalism within the same analytic frame through a critical engagement with the uses of colonial history in new institutional economics (NIE). The 'colonial turn' in NIE holds significant diagnostic value because although it incorporates colonialism into its account of the 'great divergence', it maintains a liberal conception of capitalism predicated on private property, competitive markets, and the rule of law. It is argued that NIE achieves this effect by admitting colonialism into its history of capitalism while excluding it from its theory of capitalism. By filtering colonialism through the dichotomy between 'inclusive' and 'extractive' institutions, NIE upholds the categorical association of capitalist growth with inclusive institutions. Drawing on critical theories of political economy, the article shows the limits of the NIE framework by identifying forms of colonial capitalism that do not resolve into a stylised opposition between inclusion and extraction. Colonial slavery, commercial imperialism, and settler colonialism strain the inclusive/extractive binary by highlighting (1) the interdependence of inclusive and extractive institutions in imperial networks accumulation, and (2) the violent expropriations at the origins of inclusive institutions, above all private property. Proposing to view NIE's critique of colonialism as a 'liberal critique of capitalist unevenness', the article concludes on broader questions about inclusion and exclusion under 'actually existing capitalism
Capitalism · Colonialism · Economics · Empire · Political economy · Political science · Politics · Private property · Sociology · Law · Political Economy and Marxism
Settler capitalism
Opium, Empire and the Global Political Economy
Capitalism and Slavery
Multicultural Origins of the Global Economy
Understanding the Process of Economic Change
The Rise of the Western World
Institutions and economic development
Reevaluating the modernization hypothesis
The Rise of Europe
Why Nations Fail
Provincializing Europe
Black Marxism, Revised and Updated Third Edition
The Making of New World Slavery
Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History
The Development of Underdevelopment
Red Skin, White Masks
Capital
The Black Jacobins
Histories of Racial Capitalism
Golden Gulag
Africans and the Industrial Revolution in England
Pre-colonial Ethnic Institutions and Contemporary African Development
Theorising ‘racial/colonial primitive accumulation’
Capitalism and unfree labor
Expropriation and Exploitation in Racialized Capitalism
Monsters of Protocolonial Economic Enterprise
Islam, the Mediterranean and the Rise of Capitalism
The Fictions of Free Labour
Globalising the History of Capital
Raced Markets
Making Sense of Populist Nationalism
Plunder in the Post-Colonial Era
Part 1 – Revealing the Eurocentric foundations of IPE
Blind spots in IPE
Colonial global economy
Decolonizing the IPE syllabus
The Atlantic as a vector of uneven and combined development
What is wrong with the new institutional economics (and what is still wrong with the old)
Money, Mortgages, and the Conquest of America
The Capital and the Colonies. London and the Atlantic Economy 1660–1700
Debating Uneven and Combined Development/Debating International Relations
Dependency or Institutions? Economic Geography, Causal Mechanisms, and Logic in the Understanding of Development
Institutions and Capitalist Development
War on Waste
Re-constructing the origins of modern labor management
Hidden in Plain Sight
Agrarian Class Structure and Economic Development in Pre-Industrial Europe
What Makes the History of Capitalism Newsworthy
Accounting for Slavery
Bringing the Economy Back In
Empires without imperialism
Adam Smith, Settler Colonialism, and Limits of Liberal Anti-imperialism
Capitalism and Slavery
Institutions as the Fundamental Cause of Long-Run Growth
Settler colonialism and the elimination of the native
The Slave Trade and the Origins of Mistrust in Africa
A Geography of Blood Meridian
Great Transformation
The Economic Development of India under the East India Company 1814-58. A Selection of Contemporary Writings
The British Empire and Its Liberal Mission
The Last Instance
Marxist Theories of Imperialism
New Institutional Economics and economic history
Law, State and Agrarian Society in Colonial India
South Asia, the World System, and World Capitalism
European Economic Development
Racialized capitalism
Deprovincializing Racial Capitalism
Capitalism, Slavery and Bourgeois Historiography
Atlantic Slavery and the Rise of the Capitalist Global Economy
The Capitalocene, Part I
From Principle of Pricing to Pricing of Principle
| Unique citing works | 6 |
|---|---|
| Citations per year | 3 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |