ABSTRACT
Drawing on the work of historical sociologists and political economists, detailed in the previous chapters, this chapter advances a tripartite model of political economy in which the dyadic relation between Market and State is reconnected with the dimension of Livelihood (household, family, community) and a recognition of the renewed importance of the informal economy. A retreat from the highwater mark of global connectivity is likely to see not only a renewed significance for nation-state regulation but a new, and sometimes competing, arrangements for subsidiarity, localism, and growth in the informal economy at the level of households and communities.
