CBT for economic history: Albert Hirschman on "Political Economics and Possibilism"

- political economy


How this squares with other perspectives:


The 3 “devices” or “filters” of possibilism:

Favorite quote: 

“In the first place, the unintended change is often likely to be more revolutionary than change brought about by the most revolutionary of change agents, for the simple reason that the imagination of the change agent is severely limited by his immediate experience and historical precedent. More important, unintended change is of course far more difficult to detect and to block by the forces opposed to change; for that matter, these forces often participate unwittingly yet actively in bringing it about. On the other hand, unintended change may be less satisfying to those profiting from it than voluntaristic change, since it “falls into one’s lap” without either advance planning or sustained struggle.” 

Some other interesting takeaways: