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Books > Business & Economics > Economics > Economic systems
A sweeping collection of new essays gathers historical background, theoretical perspectives, and the latest research on integrating work and personal life in a multigenerational workforce. A half-century after the women's movement of the 1960s, women still have not achieved equality in the workplace, in part because the burdens of family still fall largely upon their shoulders. This in-depth review examines legislation, social-science research, and human resources management practices dealing with women's integration of work and life roles. It explores the context and theory that explain new workplace trends and realities, and it offers practical recommendations on how women and companies can cope. The book is based on the premise that to attract and retain top talent and be competitive in the 21st century, employers must redesign their organizations to meet the needs of employees. A sort of "paper mentor" for women, it spells out the myths and realities of combining employment with motherhood and a committed relationship. The expert essays are also a guide for corporations, intended to help them understand the necessity of easing women's burdens-and nurturing their talent-through attention to work hours and to policies that can facilitate the integration of work and life roles. Provides insights into 21st-century work/life integration and multigenerational workforce issues and trends Discusses organizational responses to these trends and offers strategies employers can use to help female employees integrate work and life responsibilities Shares best practices from human resource specialists, labor attorneys, and employers for meeting the demands of the 21st-century workforce Identifies organizations that will assist women in integrating work and family roles Includes first-person accounts by women-managers and non-managers-of workplace strategies that have proven effective for them
With socialism in eclipse and market economies gaining acceptance worldwide, a new kind of ethics is needed to address social injustice and inequity. Richard C. Bayer debunks the present direction of mainstream social ethical theory by advancing market systems themselves as a means toward promoting justice and meeting human needs. Observing that the primary vehicle for Christian ethics since the New Deal has been the welfare state, Bayer argues instead that market systems can provide a basis for reconciling capitalism and Christianity in both theory and practice. He proposes Christian personalism as an ethical approach that emphasizes the dignity of the human person and promotes the achievement of personal development through participation in a modified market economy. Bayer's work draws on Catholic social thought and orthodox economics, adopting a post-Keynesian approach that deemphasizes the role of the state in the achievement of economic justice. As an example of a personalist economic reform agenda, he describes a "share economy" that advances solidarity among workers, promises greater economic efficiency, and increases employee participation in profit-sharing and decision-making. "Capitalism and Christianity" integrates moral arguments with economic analysis to challenge prevailing thought in contemporary Christian social ethics. By incorporating key insights of liberalism while providing constructive criticism of that perspective, it creatively addresses both personal development and the common good.
Does religiosity diminish democratic economic and civil tendencies? Do Islamic traditions provoke more hostility to democratic values in comparison to other religious traditions? In Religion, Religiosity, and Democratic Values, Abbas Mehregan undertakes an empirical examination of the effects of individual religiosity, historical religion, institutional democracy, and socioeconomic development on attitudes towards free market economics and confidence in traditional, modern, and post-modern civil society organizations. Using multilevel analysis, Mehregan compares 60 Islamic, Christian, Buddhist, Hindu, and folk-religion societies in these regards. Furthermore, in addition to an empirical comparison of Sunni and Shia Islamic countries, a theoretical investigation of the relationship between Islam and democratic economic and civil values provides a comprehensive insight into the topic.
This book introduces a new theoretical framework that examines Iran in relation to the theological concept of Anfal, a confiscatory regime seen in Iran since 1979 where public assets belong to the leader of Iran. Through analysing the economic impacts of Anfal, the effects of political capitalism and destructive coordination and how they lead to the economics of hoarding and the flight of capital and labour are highlighted. The economics of predation, ecological disaster, and cooperative coordination are also discussed. This book aims to highlight the economic consequences of Anfal and its role in sustaining destructive condition and shaping the Islamic political capitalism. It will be relevant to students and researchers interested in the political economy, Middle Eastern and Islamic studies.
This book analyses the evolution of the French model of capitalism in relation to the instability of socio-political compromises. In the 2010s, France was in a situation of systemic crisis, namely, the impossibility for political leadership to find a strategy of institutional change, or more generally a model of capitalism, that could gather sufficient social and political support. This book analyses the various attempts at reforming the French model since the 1980s, when the left tried briefly to orient the French political economy in a social-democratic/socialist direction before changing course and opting for a more orthodox macroeconomic and structural policy direction. The attempts of governments of the right to implement a radically neo-liberal structural policy also failed in the face of a significant social opposition. The enduring French systemic crisis is the expression of contradictions between the economic policies implemented by the successive left and right governments, and the existence of a dominant, social bloc, that is, a coalition of social groups that would politically support the dominant political strategy. Since 1978, both the right and the left have failed to find a solution to the contradictions between the policies they implemented and the expectations of their respective social bases, which are themselves inhabited by tensions and contradictions that evolve with the structural reforms that gradually transformed French capitalism.
Hancock and Logue, along with their contributors, seek to explicate the achievements, problems, and prospects of simultaneous processes of economic and political transitions from communism to contrasting forms of market economies and democracy in Russia, Poland, the Czech Republic, Hungary, Slovenia, and eastern Germany. Contributors include 14 American and European scholars with intimate professional and personal familiarity with the various case studies. The contributors draw on process analysis and transition theory to explore different national approaches to privatization. This includes individual voucher schemes, the use of investment funds, the direct sale of former state owned enterprises, employee buy outs, direct foreign investments and their consequences for parallel processes of marketization and democratization. A quarter of the volume is devoted to comparative analyses of contrasting modes of privatization, the role of public opinion and law in the transition process, and the international economic and political context of postcommunist transformation. An important analysis for scholars, students, and other researchers involved with postcommunist economic and political change.
This is a comprehensive study of the special pattern of China's industrialization and economic development through the analysis of approximately one hundred policies, covering the historical period of new China since 1949. Issues examined include how China dealt with the five principal conflicts in rural industrialization, those between rural and state-owned industry, rural industry and agriculture, rural collective and private industry, rural and urban population, and rural and urban economy. Looking to the policies implemented, this volume addresses what Chinese characteristics are, why rural people in China are so poor and why the 'miracle' of China's rural industry occurred.
The twenty-first century workplace compels Americans to be more flexible. To embrace change, work with unpredictable schedules, be available 24/7, and take charge of one's own career. What are the wider implications of these pressures for workers' lives? How do they conceive of good work and a good life amid such incessant change? In The Disrupted Workplace, Benjamin Snyder examines how three groups of American workers-financial professionals, truck drivers, and unemployed job seekers-construct moral order in a capitalist system that demands flexibility. Based on seventy in-depth interviews and three years of participant observation, he argues that the flexible economy transforms how workers experience time. New scheduling techniques, employment strategies, and technologies disrupt the flow and trajectory of working life, which makes the workplace a site of perplexing moral dilemmas. Work can feel both liberating and terrorizing, engrossing in the short term but unsustainable in the long term. Through a vivid portrait of real workers' struggles to adapt their lives to constant disruption, Benjamin Snyder mounts a compelling critique of the costs of the flexible economy.
This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history - starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires - as has been suggested by David Hume in 1742.
The Treasury is one of Britain's oldest, most powerful and secretive institutions, one that has played a central role in shaping the country's economic system. But all too often it has escaped public scrutiny when it comes to investigating the ups and downs of the UK economy. When portrayed, it is usually as a bedrock of government stability in times of crisis, repeatedly rescuing the nation's finances from the hands of posturing politicians and the combustions of world financial markets. However, there is another side to the story. In between the highs there have been many lows, from botched privatizations to dubious private finance initiatives, from failing to spot the great financial crisis to facilitating ever-growing inequalities. Davis's book goes behind the scenes to offer an inside history of the Treasury, in the words of the chancellors, advisors and civil servants themselves. It shows the shortcomings as well as the successes, the personalities and the thinking which have shaped Britain's economy since the mid-1970s. Based on interviews with over fifty key figures, it offers a fascinating, alternative insight on how and why the UK economy came to function as it does today, and why reform is long overdue. -- .
This book considers why institutional forms of modern capitalist economies differ internationally and proposes a typology of capitalism based on the theory of institutional complementarily. Different economic models are not simply characterized by different institutional forms, but also by particular pattern of interaction between complementary institutions which are the core characteristics of these models. Institutions are not just simply devices which would be chosen by 'social engineers' in order to perform a function as efficiently as possible; they are the outcome of a political economy process. Therefore, institutional change should be envisaged not as a move towards a hypothetical 'one best way', but as a result of socio-political compromises. Based on a theory of institutions and comparative capitalism, the book proposes an analysis of the diversity of modern economies and identifies five different models; the market-based Anglo-Saxon model; Asian capitalism; the Continental European model; the social democratic economies; and the Mediterranean model. Each of these types of capitalism is characterized by specific institutional complementarities. The question of the stability of the Continental European model of capitalism has been open since the beginning of the 1990's: inferior macroeconomic performance compared to Anglo-Saxon economies, alleged unsustainability of its welfare systems, too rigid markets, etc. The book examines the institutional transformations that have taken place within Continental European economies and analyses the political project behind the attempts at transforming the Continental model. It argues that Continental European economies will most likely stay very different from the market-based economies, and that political strategies promoting institutional change aiming at convergence with nglo-Saxon model are bound to meet considerable opposition.
At the beginning of the transition process, the countries of Central and Eastern Europe faced the task of creating a functioning financial system where none had existed before. A decade later, high-level practitioners and well-known experts take stock of banking and monetary policy in the region, centering on: the governance of banks; the spread of financial crisis; and, perspectives for monetary policy and banking sector development.
This book summarizes how globalizing capitalism-the economic system now presumed to dominate the global economy-can be understood from a geographical perspective. This is in contrast to mainstream economic analysis, which theorizes globalizing capitalism as a system that is capable of enabling everyone to prosper and every place to achieve economic development. From this perspective, the globalizing capitalism perspective has the capacity to reduce poverty. Poverty's persistence is explained in terms of the dysfunctional attributes of poor people and places. A geographical perspective has two principal aspects: Taking seriously how the spatial organization of capitalism is altered by economic processes and the reciprocal effects of that spatial arrangement on economic development, and examining how economic processes co-evolve with cultural, political, and biophysical processes. From this, globalizing capitalism tends to reproduce social and spatial inequality; poverty's persistence is due to the ways in which wealth creation in some places results in impoverishment elsewhere.
Addressing the unprecedented international interest in China's high-speed railways, this book adopts a global perspective to examine the success of the system and probes into its going-global strategy in the context of the "Belt and Road" initiative, providing readers around the world a better understanding of infrastructure construction under the "Belt and Road" plan, as well as the global vision of communication and mutual exchange and prosperity among the countries along the Belt and Road route. The previous American President, Barack Obama, once told President Xi Jinping that there were two things about China that he particularly admired: the high-speed railway system, and the mathematics education. "The Belt and Road, and the Global Strategy of China's High-speed Rail" provides scholarly researchers and those generally interested in China's High-speed rail excellent insight into this impressive and rapid development.
The contributors investigate how the large scale structures of capitalism and the local social relations of workplaces and organizations shape each other. They argue for a new integration of political economy and the sociology of work and organizations.
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Recent years have witnessed a revolution in the way economies work. The world has moved away from centralized governments and economies, toward decentralized governments and market-driven economies. A pragmatic, non-ideological approach to mixed economic systems is becoming the order of the day, blurring the lines between public and private, and referred to here as the economy without walls. The purpose of Hamlin and Lyons' new work is to synthesize an understanding of the economy without walls, distill the implications of this economy for local communities, and apply knowledge of those implications to guiding communities' development. The book assumes that the use of intersectoral partnerships is an important part of any urban or regional development strategy. It systematically describes such partnerships, including the philosophical foundations of this approach and the financial and non-financial activities used to implement it. The work then discusses trends in the theory and practice of local community management that result from this economic restructuring. The implications of the economy without walls cannot be ignored if urban planners and related professionals are to be effective in the new worldwide environment. This book will be a must-read for scholars, students, and practitioners in urban planning, economic development, and public administration.
A provocative and timely look at the current state of global economics, particularly how the state-owned companies of Russia, China, Latin America, and other emerging markets are influencing how people work, how they consume, and how they prosper. The global economy is changing: experts are noting slow growth in the advanced economies, greater volatility in international markets, and the emergence of state-owned companies in the competitive marketplace. This forward-looking reference explores the role that state capitalism plays within the political structures of countries throughout the world. The text begins with an introduction to state capitalism, moves into an in-depth examination of several countries and regions, and concludes with a discussion on the future of state capitalism in the next decade. Coauthors Scott B. MacDonald and Jonathan Lemco examine the challenges that state-owned companies face in the global economy, including a weak legal and commercial infrastructure, a conflict of interest between politics and business, and massive corruption in local and regional governments. A close review of the perils of state capitalism based on meritocracy devolving into crony capitalism invites debate on the longevity of this economic system versus a free market economy. Considers the factors that will impede future economic growth in China, Russia, Argentina, and Venezuela Defines the role of the state in the economy and the accompanying political system Features chapters on the economic outlook of Egypt, the Middle East, Eurasia, and Latin America Discusses the future of capitalism in the 21st century Includes a look at alternative economic scenarios in the year 2025
In the postsoviet decade Russian railways remained highly centralized, evaded the upheavals of mass privatization, and remained the backbone of a demoralized economy. Preserving much of Soviet practice, the Railways Ministry mounted a skilled rearguard action that achieved a gradual and considered adaptation to the market economy rather than the pell-mell, western-orientated, liberalization that afflicted other branches of the economy. This book describes that rearguard action, and goes on to show how railway managers are coping with the new conditions.
This work deals primarily with social costs of transformation to a market economy in Poland, the Czech Republic and Hungary. The transformation provisions have negatively affected the well-being of the population. They brought about unemployment, a phenomenon which did not exist in the previous, communist system, increased income inequities, reduced social programmes and expanded poverty. All these phenomena are examined in this book. In addition, the book discusses the strategy of transformation, privatization and the economic performance of the three countries.
Over the last decade, political economists and other macro-oriented
scholars have increasingly focused on the comparative specificities
of distinct capitalist systems. Mostly, these systems are studied
as national systems. Comparative Social Research is now available online at
ScienceDirect full-text online of volumes 19 onwards.
Contemporary societies have more vibrant markets than past ones. Yet they are more heavily populated by private and public regulators. This book explores the features of such a regulatory capitalism, its tendencies to be cyclically crisis-ridden, ritualistic and governed through networks. New ways of thinking about resultant policy challenges are developed. At the heart of this latest work by John Braithwaite lies the insight by David Levi-Faur and Jacint Jordana that the welfare state was succeeded in the 1970s by regulatory capitalism. The book argues that this has produced stronger markets, public regulation, private regulation and hybrid private/public regulation as well as new challenges such as a more cyclical quality to crises of market and governance failure, regulatory ritualism and markets in vice. However, regulatory capitalism also creates opportunities for better design of markets in virtue such as markets in continuous improvement, privatized enforcement of regulation, open source business models, regulatory pyramids with networked escalation and meta-governance of justice. Regulatory Capitalism will be warmly welcomed by regulatory scholars in political science, sociology, history, economics, business schools and law schools as well as regulatory bureaucrats, policy thinkers in government and law and society scholars.
Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles.
The prevailing aspiration of business is performance, while that of society is progress. Capitalism, both the paradigm and practice, sits at the intersection of these dual aspirations, and the essays in this volume explore its fraught status there. Contributions to this volume address questions such as (i) what's the problem with capitalism?; (ii) is the problem just with the practice or with the very paradigm?; (iii) what is progress and who is responsible for it?; (iv) what evolution is required at the individual, system, and paradigm level so that enterprises and the executives who lead them may better integrate performance with progress?; and (v) whither consumers, employees, and investors in this evolution? The book offers perspectives from two distinct intellectual domains-social science and philosophy. Scholars in social science (including economics, management, and sociology) tend to study performance. Ideas of progress, on the other hand, tend to fall more under the purview of philosophers (in particular social and political philosophers). Further, to obtain an insider's view on practice and possibilities, the volume includes essays from a handful of thoughtful business leaders. Research should consider not just how to make sustainability profitable, but also how to make profitability and the modern economic system sustainable. If we are to better comprehend why the world is in protest, to reflect on progress or dilemmas of trust, we must appreciate the tenuous assumptions of modern microeconomics and markets, and hear from modern philosophers about the basis and limits of rationality. |
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