Dr Ivano Cardinale

Staff details

Position Senior Lecturer in Economics
Email i.cardinale (@gold.ac.uk)
Phone +44 (0)20 7296 4218
Dr Ivano Cardinale

I am on research leave until 1st September 2020 on an ISRF Political Economy Research Fellowship. My project is on “Theorizing Unimagined Events”.

I joined the IMS from the University of Cambridge, where I was the Mead Fellow in Economics (Junior Research Fellow) at Emmanuel College. I received my PhD from the University of Cambridge.

I am an ISRF Political Economy Research Fellow. I am also Honorary Senior Research Associate at the Bartlett (UCL), affiliated faculty member at the Cambridge Faculty of Economics, Research Associate at the Centre for Financial History of the University of Cambridge and at the School of Economics, Management and Statistics of the University of Bologna, and Life Member of Clare Hall, Cambridge.

I am Associate Editor of Structural Change and Economic Dynamics.

I have devoted my institutional activity to creating platforms – of research and teaching – that bring together different traditions in economics and compare their insights on the economy and society.

At Goldsmiths I co-initiated, with Constantinos Repapis, the pluralist and interdisciplinary BA/BSc in Economics.

At the Cambridge Faculty of Economics, I am the main lecturer in history of economic thought in the new History and Philosophy of Economics course, coordinated by Ha-Joon Chang.

I am a co-PI of Economics: Past, Present and Future (funded by ISRF), a platform for video interviews of distinguished economists who speak on traditions of economic thought and their bearing on economics research, teaching and policy.

I previously founded the Cambridge Research Seminar in Political Economy at Emmanuel College.

Research

I study foundational issues at the interface between economics, political economy, and social and organizational theory.

In economics, I study how sectoral models often question received results of micro and macro analysis. In political economy, I use sectoral models to unveil largely unexplored conflicts of interest – and possibilities for cooperation.

In social and organizational theory, I am developing a theory of how agency and structure interact within human action; I use it to understand institutions, technology, and choice under uncertainty. I also deploy this theory in a political economy context, to understand how political-economy structures influence decisions and are shaped by them in turn.

I see these projects as part of a broader programme: understanding how social and economic structures interact with actors’ decisions in shaping the structure of economic interests, their political representation, and the political-economy paths open to societies.

Political Economy

In Quesnay’s 1758 Tableau économique, sectors were the main socio-political entities. With the Classics and Marx, classes took centre stage. The 20th century witnessed a renewed interest in sectoral analysis, but it only focussed on material interdependencies, neglecting the socio-political relevance of sectors. My research programme, which I describe as “Structural Political Economy” (SPE), aims to bring back that dimension. I use the tools and results of sectoral analysis and social theory to explore how the economic and the political overlap in contemporary societies.

Economics

Sectoral models of the economy can often question received results of micro and macro analysis. I am using a range of sectoral models to address problems such as the liquidity created by industrial activities, the open-endedness of structural change, and the unevenness of European integration.

Social and organizational theory

It has become common wisdom that structures enable and constrain action. But something is missing, I argue: structures not only constrain (make some actions impossible), and enable (make some actions possible), but also actively orient towards some actions out of the many which are possible. Doing justice to this view requires a new take on how agency and structure interact within human action. And it has wide-ranging implications across the social sciences, including political economy.

Research Interests

Political economy, economic theory at the intermediate levels of analysis, comparative economic theory, history of economic thought, political economy of the Eurozone, economics of infrastructure, methodology of economics and the social sciences, social and organisational theory, institutional theory, technology and innovation, decision-making under fundamental uncertainty.

Publications

Edited Book

Cardinale, Ivano; Coffman, D'Maris and Scazzieri, Roberto, eds. 2019. Periodic Industrial Crises. London: Anthem Books.

Cardinale, Ivano and Scazzieri, Roberto, eds. 2018. The Palgrave Handbook of Political Economy. London: Palgrave Macmillan. ISBN 9781137442543

Cardinale, Ivano; Coffman, D'Maris and Scazzieri, Roberto, eds. 2017. The Political Economy of the Eurozone. Cambridge: Cambridge University Press. ISBN 9781316403730

Book Section

Cardinale, Ivano; Coffman, D and Scazzieri, R. 2019. Towards a political economy of industrial crises. In: Ivano Cardinale; D Coffman and R Scazzieri, eds. Periodic Industrial Crises. London: Anthem Books.

Cardinale, Ivano and Scazzieri, Roberto. 2018. Political Economy as Theory of Society. In: Ivano Cardinale and Roberto Scazzieri, eds. The Palgrave Handbook of Political Economy. London: Palgrave Macmillan, pp. 787-815. ISBN 978-1-137-44254-3

Cardinale, Ivano. 2018. Structural political economy. In: Ivano Cardinale and Roberto Scazzieri, eds. The Palgrave Handbook of Political Economy. London: Palgrave Macmillan, pp. 769-784. ISBN 978-1-137-44254-3

Cardinale, Ivano. 2018. Classical political economy. In: Ivano Cardinale and Roberto Scazzieri, eds. The Palgrave Handbook of Political Economy. London: Palgrave Macmillan, pp. 171-189. ISBN 978-1-137-44254-3

Cardinale, Ivano and Scazzieri, Roberto. 2018. Political Economy: Outlining a Field. In: Ivano Cardinale and Roberto Scazzieri, eds. The Palgrave Handbook of Political Economy. London: Palgrave Macmillan, pp. 1-25. ISBN 978-1-137-44254-3

Cardinale, Ivano. 2018. Time Horizons and Human Activities. In: Enrico Decleva; Alberto Quadrio Curzio and Salvatore Veca, eds. Balzan Papers I. 2018. 1 Florence: Olschki, pp. 239-246. ISBN 9788822265951

Cardinale, Ivano. 2017. Sectoral Interests and ‘Systemic Interest’: Towards a Structural Political Economy of the Eurozone. In: Ivano Cardinale; D'Maris Coffman and Roberto Scazzieri, eds. The Political Economy of the Eurozone. Cambridge: Cambridge University Press, pp. 216-238. ISBN 9781316403730

Cardinale, Ivano and Landesmann, Michael. 2017. Exploring Sectoral Conflicts of Interest in the Eurozone: A Structural Political Economy Approach. In: Ivano Cardinale; D'Maris Coffman and Roberto Scazzieri, eds. The Political Economy of the Eurozone. Cambridge: Cambridge University Press, pp. 284-336. ISBN 9781316403730

Cardinale, Ivano; Coffman, D'Maris and Scazzieri, Roberto. 2017. The Eurozone as a Political Economy Field. In: Ivano Cardinale; D'Maris Coffman and Roberto Scazzieri, eds. The Political Economy of the Eurozone. Cambridge: Cambridge University Press, pp. 1-33. ISBN 9781316403730

Cardinale, Ivano; Coffman, D'Maris and Scazzieri, Roberto. 2017. Framing the Political Economy of the Eurozone: Structural Heuristics for Analysis and Policy. In: Ivano Cardinale; D'Maris Coffman and Roberto Scazzieri, eds. The Political Economy of the Eurozone. Cambridge: Cambridge University Press, pp. 483-551. ISBN 9781316403730

Cardinale, Ivano. 2015. Towards a structural political economy of resources. In: Mauro Baranzini; Claudia Rotondi and Roberto Scazzieri, eds. Resources, Production and Structural Dynamics. Cambridge: Cambridge University Press, pp. 198-210. ISBN 978-1107079090

Article

Cardinale, Ivano and Scazzieri, Roberto. 2019. Explaining Structural Change: Actions and Transformations. Structural Change and Economic Dynamics, 51, pp. 393-404. ISSN 0954-349X

Cardinale, Ivano. 2019. On action, embeddedness, and institutional change. Academy of Management Review, 44(3), pp. 673-700. ISSN 0363-7425

Cardinale, Ivano. 2019. Microfoundations of Institutions and the Theory of Action. Academy of Management Review, 44(2), pp. 467-470. ISSN 0363-7425

Cardinale, Ivano. 2019. Vulnerability, resilience and ‘systemic interest’: a connectivity approach. Networks and Spatial Economics, ISSN 1566-113X

Cardinale, Ivano. 2018. A Bridge over Troubled Water: A Structural Political Economy of Vertical Integration. Structural Change and Economic Dynamics, 46, pp. 172-179. ISSN 0954-349X

Cardinale, Ivano. 2018. Beyond Constraining and Enabling: Toward New Microfoundations for Institutional Theory. Academy of Management Review, 43(1), pp. 132-155. ISSN 0363-7425

Cardinale, Ivano and Scazzieri, R. 2017. Beyond “Austerity vs. Expansion”: Elements for a Structural Theory of Liquidity Policy. Revue d'économie industrielle, 160, pp. 107-136. ISSN 0154-3229

Cardinale, Ivano and Scazzieri, R. 2016. Structural liquidity: The money-industry nexus. Structural Change and Economic Dynamics, 39, pp. 46-53. ISSN 0954-349X

Cardinale, Ivano and Coffman, D. 2014. Economic interdependencies and political conflict: The political economy of taxation in eighteenth-century Britain. Economia Politica. Journal of Analytical and Institutional Economics, 31(3), pp. 277-300. ISSN 1120-2890