This volume presents a study of the Second World War as a period of crisis which brought about significant changes in the relationship between business and the state. The requirements of the war economy increased the power of the state but also showed the limits of such power. The comparative approach of this volume permits the exploration of such questions as the extent to which corporatist forms of cooperation between business and the state were created in wartime conditions; the effectiveness of the control exerted by such institutions; how far conditions of crisis affected the forms of economic organisation that emerged; and the long-term consequences of the emergence of new forms of economic organisation.

Ronald H. Coase, one of the most innovative and provocative economists of the twentieth century, has had a lasting influence in economics, law and economics, organization theory, management and political science. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars, including two Nobel Laureates, offer the first global assessment of the initial impact of Coase's work and the continuing inspiration that researchers and policy makers find in his contributions.The book presents a review of the continuing power of Coase's work, including the reshaping of public policies with particular respect to public utilities and network industries. Further chapters explore research programmes that he initiated including the concept of transaction costs and the analysis of property rights, especially in terms of the regulation of the communications industry and the creation of markets for the right to pollute. The book clearly demonstrates the originality of Coase's work and the challenge that it posed to conventional perspectives which has been a hallmark of his research throughout his life, from his initial view on the nature of the firm to his recent analysis of the development of capitalism in China. Less well-known features of Coase's research going beyond his famous papers on 'The Nature of the Firm' and 'The Problem of Social Cost' are also explored in detail. From economics to public policy, this complete and thorough assessment of Coase's vast contribution will be an invaluable reference to all those interested in the many areas influenced by this great economist. Contributors: D.W. Allen, K.J. Arrow, B. Arrunada, Y. Barzel, E. Bertrand, R.R.W. Brooks, J.N. Drobak, G.W. Evans, W. Farnsworth, J. Farrell, K. Foss, N.J. Foss, R.F. Freeland, J. Groenewegen,R. Guesnerie, F. Gul, T.W. Hazlett, P.G. Klein, G.D. Libecap, S.G. Medema, C. Menard, M.W. Moszoro, J.H. Mulherin, J.V.C. Nye, S. Pratten, M.M. Shirley, P.T. Spiller, J. Thomas, P. de Vries, N. Wang, O.E. Williamson

Recently there has been an explosive growth of interest in Latin American markets, above and beyond Mexico. Over the years, business executives and academics from the industrialized world seldom paid serious attention to South America for its market potential. The ratification in 1994 of the North American Free Trade Agreement (NAFTA) among the United States, Canada, and Mexico awakened them to look to the south of the US border. Then exactly one year later, on January 1, 1995, MERCOSUR (Mercado Com??n del Sur) went into effect among the four countries in the Southern Cone region of South America - Argentina, Brazil, Paraguay, and Uruguay. Subsequently, in June 1996, Chile and Bolivia agreed to join MERCOSUR, extending the frontiers of the South American trading bloc. Chile's participation took effect on October 1 1996, and Bolivia's formal association with MERCOSUR began on January 1, 1997. Indeed, MERCOSUR's goal is to incorporate all South American countries by 2005 before linking up with NAFTA.
This book offers in-depth analysis of trade and liberalization movements in Latin America, examines managerial issues related to collaborating with Latin American companies, and explores macro- and micro-financial implications of investing in Latin American countries.

This study of a specific industry's survival and growth in three countries is a useful resource for research on industrial development in 19th century Europe. Presenting the history of three major cutlery districts in Western Europe during the 19th century - Sheffield in England, Bergische land (Solingen and Remscheid) in Germany, and Eskilstuna in Sweden - the author focuses on each region's industrial development in relation to its socio-cultural context. This work challenges the flexible specialisation thesis often used to explain the seeming persistence of small-scale and decentralised production within the cutlery industry since the 19th century, and argues that growing businesses had to develop competitive strategies for control over important resources.

This book examines the relationship that prevails between the state and freedom in the works of Milton Friedman and Friedrich Hayek, as well as those of some of their peers, including Gary Becker, James Buchanan, and George Stigler. The author explains that their concept of freedom was largely derived from the principles and values of neo-liberalism. However, she maintains that neo-liberals never cared about providing the masses with genuine freedom; rather, they value freedom for its instrumental value in terms of facilitating the global spread of free-market capitalism. The author explains that the neo-liberal concept of freedom has been a very useful tool in promoting the superiority of free-market capitalism over centrally planned economies aimed at achieving the common good. She argues that even though neo-liberals are strongly opposed to central planning, they are tolerant of state planning intended to help establish and sustain the conditions of a free-market system. She also contends that the extensive implementation of neo-liberal reforms and policies has led to states losing their sovereignty and moving away from their traditional role of achieving the common good. The author claims that the world has essentially become the sum of many neo-liberal societies, particularly during the last four decades. She also maintains that, throughout human history, no other ideology, school of thought, political, religious or military institution, kingdom, or empire has been as successful as neo-liberalism, when it comes to shaping people's beliefs, ideals, goals, and lifestyle on a global scale. Unfortunately, neo-liberalism has proven to be very detrimental for civilization and the future of the planet. The author concludes that the widespread adoption of the neo-liberal concept of freedom, in combination with the pretense that economics is a natural, ahistorical and value-free science, has triggered the emergence of methodological monism, which has resulted in unfreedom and the poverty of economics, while also delaying the progress of the entire discipline.

John Kenneth Galbraith was an eminent economist and proponent of change. The contributors to the book further his analysis on the evolution of capitalism; taking into account changes to the general economic climate since the publication of J.K. Galbraith's main thesis, they outline new ideas which form fertile ground for new research.The book begins with a penetrating analysis of the main features of today's capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important step in the development of a theory of fraud and corruption within corporations. In the final part, the authors address and explore the consequences of the domination of influential groups over major social and political decisions, on the blurred boundaries between the public and the private sectors and its consequences in the fields of technological regulation and the evolution of public services. In so doing, the authors question the meaning and power of democracy in today's society. Innovation, Evolution and Economic Change will appeal to a wide readership and audience of economists, policy makers and political organization.

Education, Technology and Industrial Performance in Europe explores the development of advanced scientific and technical education in seven European countries and the USA between the mid nineteenth century and the 1930s. The essays seek to replace the conventional notion of a simple interaction between education and industry with a far broader perspective in which not only educational institutions and industrial employers but also national and local governments, professional bodies, and private patrons can be seen to have made distinctive and often conflicting contributions. Although most of the essays are concerned with individual countries, the thrust of the volume is comparative. As the authors show, in nations as diverse as Belgium, Britain, France, Germany, Italy, Spain, and Sweden there were similarities in the conditions from which the spectacular innovations in higher technical education emerged in the later nineteenth century. But the results that were achieved were by no means uniform. A provision for education that was highly effective in one industrialized or industrializing economy could well be ineffectual in another. And everywhere the balance between the supply of educated manpower and the capacity of industry to exploit knowledge and skills was a delicate one. As educational innovators throughout Western Europe (as well as the USA) came to realize, there was no universally applicable ideal of education for industry.

The Company-State rethinks the nature of the early English East India Company as a form of polity and corporate sovereign well before its supposed transformation into a state and empire in the mid-eighteenth century. Taking seriously the politics and political thought of the early Company on their own terms, it explores the Company's political and legal constitution as an overseas corporation and the political institutions and behaviors that followed from it, from tax collection and public health to warmaking and colonial plantation. Tracing the ideological foundations of those institutions and behaviors, this book reveals how Company leadership wrestled not simply with the bottom line but with typically early modern problems of governance, such as: the mutual obligations of subjects and rulers; the relationship between law, economy, and sound civil and colonial society; and the nature of jurisdiction and sovereignty over people, commerce, religion, territory, and the sea. The Company-State thus reframes some of the most fundamental narratives in the history of the British Empire, questioning traditional distinctions between public and private bodies, "commercial" and "imperial" eras in British India, a colonial Atlantic and a "trading world" of Asia, European and Asian political cultures, and the English and their European rivals in the East Indies. At its core, The Company-State offers a view of early modern Europe and Asia, and especially the colonial world that connected them, as resting in composite, diffuse, hybrid, and overlapping notions of sovereignty that only later gave way to more modern singular, centralized, and territorially- and nationally-bounded definitions of political community. Given growing questions about the fate of the nation-state and of national borders in an age of "globalization," this study offers a perspective on the vitality of non-state and corporate political power perhaps as relevant today as it was in the seventeenth century.

This is an innovative analysis of the relationship between women's economic opportunity and marriage in the fourteenth and fifteenth centuries. It is based on an intensive study of York and Yorkshire, but also utilizes evidence from other parts of England and continental Europe. P. J. P. Goldberg explores the role of women in the economy and the part that marriage played in their lives. Importantly, he challenges the Wrigley and Schofield thesis of nuptiality: his analysis of the demography of marriage demonstrates that in late medieval Yorkshire, women participated strongly in the labour force, deferring marriage or avoiding it entirely. This is a stimulating and intelligent book, which makes an important contribution to our understanding of medieval ways of life.

This book demonstrates the continuing relevance of Marx's critique of the capitalist system, in which value is simply equated with market price. It includes chapters specifically on the environment and financialisation, and presents Marx's qualitative theory of value and the associated concept of fetishism in a clear and comprehensive manner. Section I demonstrates how fetishism developed in Marx's writing from a journalistic metaphor to an analytical device central to his critique. In Section II, commodity fetishism is distinguished from other forms: of money, capital and interest-bearing capital. There follows an analysis of Marx's complex attempt to distinguish his argument from that of Ricardo, and Samuel Bailey. The section ends with a discussion of the ontological status of value: as a social rather than a natural phenomenon. Section III considers the merits of understanding value by analogy with language, and critically assesses the merits of structural Marxism. Section IV challenges Marx's emphasis solely on production, and considers also exchange and consumption as social relations. Section V critically assesses recent Marx-inspired literature relating to the two key crises of our time, finance and the environment, and identifies strong similarities between the key analytical questions that have been debated in each case.

This study of the brandy trade explores the origins, production and marketing of brandy from the Cognac region in the seventeenth and eighteenth centuries. Professor Cullen shows that the brandy trade was based on a sophisticated regional economy, which, by 1720, had become a key component of French involvement in the modern international trading system. Notwithstanding competition from a surplus in other cereals and from foreign markets, regional specialization in the Charente was an indispensable element in ensuring the quality of stable output, and was recognized in the region's success in attracting foreign houses, such as Martell and Hennessy.

This volume of essays contains 16 papers the author has written over the last 40 years on various aspects of the life and work of John Maynard Keynes and Nicholas Kaldor. It covers both theoretical and applied topics and highlight the continued relevance of Keynesian and Kaldorian ideas for understanding the functioning of capitalist economies.

The Global Financial Crisis is acknowledged to be the most severe economic downturn since the 1930s, and one that is unique in its underlying causes, its scope, and its wider social, political and economic implications. This volume explores some of the ethical issues that it has raised.

With the fall of the Soviet Union, the political environment in Europe has changed dramatically, and security requirements for NATO countries have undergone a radical transformation. Yet, as illustrated by the recent bombing of Kosovo, restructuring of the defense industrial sectors in Europe lags behind the United States. The most egregious example is the armored vehicle sector, particularly in Britain, Germany, and France. Identifying five conditions necessary for restructuring the armored vehicle industry, this book looks at the absence or presence of these economic conditions in each of these countries and analyzes the impact on the armored vehicle industry.

Comparing these countries to the United States, where the armored vehicle industry has restructured as fully and as ruthlessly as the defense aerospace and electronic industries, the author shows private ownership, flexible capital and labor markets, a profitable scale of production, a lack of commercial diversification, and an active state defense industrial policy to be necessary prerequisites. All five factors exist in the United States, whereas two or more are missing in the European countries, retarding development of this industry.

Pathology of the Capitalist Spirit is about capital and about the economic system that bears its name. In this book, Levine argues that our pursuit of ever-more wealth in the form of capital expresses our dissatisfaction with the world we live in, with what we have and what we don't have. Capital embodies our hope for something different. Because capital embodies this hope, it has become desire's object. In his study of capitalism, Levine explores the meaning of capital as a social reality connected to fundamental human aspirations. The link between capital and the pursuit of a hoped-for state is especially important in light of the stubborn insistence on the part of its critics that capitalism exists to serve the material interests of those whose vocation is to own capital. This misunderstanding ignores what is essential about capital, which is its link not to interests but to hope, especially the hope that by accumulating capital the individual can achieve an attachment to the good. It is this hope that blocks tolerance of any notion that there is something unfair in the capitalist's acquisition of wealth and that fairness can be achieved through its redistribution to others. It is also this hope that animates the capitalist system as a whole. And in that sense, this hope is the spirit of capitalism. To develop this theme, Levine calls on the ideas and writings of major theorists involved with understanding modernity and capitalism: Adam Smith, Karl Marx, Max Weber, Emile Durkheim, and Joseph Schumpeter.

A challenging and informed examination of the links between the general business environment and the operations, decisions, and organizations of firms. O'Sullivan explores the links between the two 'hot' issuesDScorporate governance and innovationDS.

This book argues that ancient democracy did not stop at the door of economic democracy, and that ancient Athens has much to tell us about the relationship between political equality and economic equality. Athenian democracy rested on a foundation of general economic equality, which enabled citizens to challenge their exclusion from politics.

This book provides an analysis of the global economic crisis from an Asian perspective. It examines the impacts of the policy measures adopted, the remaining challenges in rebalancing the global economy, the next steps in regional economic integration in Asia, and issues related to reform of the international financial architecture.

Ships on maps in the sixteenth century were signs of European conquest of the seas. Cartographers commemorated the new found dominion over the oceans by putting the most technically advanced ships of the day all over oceans, estuaries, rivers, and lakes on all kinds of maps. Ships virtually never appeared on maps before 1375. The dramatic change from medieval practice had roots in practical problems but also in exploration and new geographical knowledge. Map makers produced beautiful works of art and decorated them with the accomplishments which set Europeans apart from their classical past and from all the other peoples of the world. "Ships on Maps" investigates how, long admired but little understood, the many ships big and small that came to decorate maps in the age when sailors began to sail around the world were an integral part of the information summarizing a new age.

First published in 1997. Routledge is an imprint of Taylor & Francis, an informa company.

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.