When the classical approach is not enough – An in-depth analysis of the populist transformation of economic policies in Central and Eastern Europe

Authors

  • József Ráti

DOI:

https://doi.org/10.35551/PFQ_2024_3_8

Abstract

Populism is not new in politics, with populist initiatives having appeared in the United States in the first half of the 19th century. Populist regimes or populist elements have since then periodically emerged around the world, based on the idea that society is divided into two homogeneous and opposing groups, the „people” and the „corrupt elite”. This phenomenon has been described by Cas Mudde as a narrow-centred ideology with no specific socio-economic orientation or ideology (see Mudde 2004) – it is no coincidence that populism has appeared on both sides of the political spectrum. Populism does not give room for pluralism, it sees checks and balances that limit political power as tools of a corrupt elite, and thus threatens liberal democracies at their very core. An academic study of populism, particularly its economic dimension, is therefore of the utmost importance, as a better understanding of the phenomenon can help to combat it more effectively. This is why the book „Economic policies of populist leaders”, edited by István Benczes and published by Routledge, can be particularly exciting, as it takes a creative and innovative approach to answering very important questions.

References

Benczes István (2022) Taking back control over the economy. European Policy Analysis, 8:1, 109-123.

Kollai István (2020) The Traditionalism-Modernism Value Conflict in Hungary and Slovakia – A Comparative Analysis from a Longue Durée Perspective. Journal of Contemporary Central and Eastern Europe. 28:1, 29-44.

Kutasi Gábor (2018) Macroeconomic populism: The Baltic current Accounts. Journal of Global Policy and Governance, 7: 1, 21-32.

Mudde, Cas (2004) The populist Zeitgeist. Government and Opposition 39: 4, 541-563.

Published

2024-09-30

How to Cite

Ráti, J. (2024). When the classical approach is not enough – An in-depth analysis of the populist transformation of economic policies in Central and Eastern Europe. Public Finance Quarterly, 70(3), 122–126. https://doi.org/10.35551/PFQ_2024_3_8

Issue

Section

Book review