The Limits of Rational Choice: New Institutionalism in the Test Bed of Central Banking Politics in Australia

This paper tests the explanatory capacities of different versions of new institutionalism by examining the Australian case of a general transition in central banking practice and monetary politics: namely, the increased emphasis on low inflation and central bank independence. Standard versions of rational choice institutionalism largely dominate the literature on the politics of central banking, but this approach (here termed RC1) fails to account for Australian empirics. RC1 has a tendency to establish actor preferences exogenously to the analysis; actors' motives are also assumed a priori; actor's preferences are depicted in relatively static, ahistorical terms. And there is the tendency, even a methodological requirement, to assume relatively simple motives and preference sets among actors, in part because of the game theoretic nature of RC1 reasoning. It is possible to build a more accurate rational choice model by re-specifying and essentially updating the context, incentives and choice sets that have driven rational choice in this case. Enter RC2. However, this move subtly introduces methodological shifts and new theoretical challenges. By contrast, historical institutionalism uses an inductive methodology. Compared with deduction, it is arguably better able to deal with complexity and nuance. It also utilises a dynamic, historical approach, and specifies (dynamically) endogenous preference formation by interpretive actors. Historical institutionalism is also able to more easily incorporate a wider set of key explanatory variables and incorporate wider social aggregates. Hence, it is argued that historical institutionalism is the preferred explanatory theory and methodology in this case.

The Keening Muse: Imagination And Music In The Poetry Of Dom Moraes

Revista Lusófona de Línguas, Culturas e Tradução

Portuguese india, the Politics of Print and a Questionable Modernity

Este artigo-recensão do livro da Dra. Rochelle Pinto, Between Empires: Print and Politics in Goa, Oxford University Press, New Delhi, 2007, pp. 209 analisa este excelente estudo das implicações modernistas da imprensa na Índia Portuguesa. A autora distingue a modernidade da peninsula imbérica da modernidade inglesa. Salienta a diferença entre as duas modernidades. O que parece ser de pouco valor neste estudos é a tendência orientalista que os jovens investigadores são forçados a assumir: passa pela adoração pelos autores euro-americanos, subalternizando ou quase ignorando os estudos mais competentes dos investigadores orientais. Este complexo da inferioridade poderá levar ainda muito tempo para ser ultrapassada.