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The Iconomics of New Developmentalism

ABSTRACT Current reviews of new developmentalism from a Political Economy perspective present its novelty in terms of a paradigm shift, a comparative analysis and a historical-ideological reconstruction. This paper reviews these complementary approaches so as to initiate an alternative, critical review of the new developmentalist agenda taking into consideration the emergence of yet another post-structuralist theory, namely, “iconomics”. The grounding of the iconomic perspective is a semiotic-sociological method inspired by the works of G.L.S. Shackle, Bernard Stiegler and Joseph Schumpeter. Knowledge-based theories of value, resilience and disruption are the key concepts that emerge out of this “iconomic” theoretical-methodological review which may lead to propositions in the field of economic policy, growth theory and political philosophy that extend the structuralist-developmentalist legacy. We propose an approach to the identification of developmentalism that supports a critical approach to the political economy of the ultraliberal, positivist and rational choice visions.