Human life cannot be reduced to market transactions and human beings cannot only be treated as economic actors. When the power of the market increases, human beings will always try to protect themselves. Given the differences that exist in social and cultural traditions, these protective responses are likely to differ from one society to the other. This is why, even in a global market, diversity is always likely to persist. This book investigates the question of economic globalization - whether it is likely to lead to full convergence between political models and ways of life, or whether, even in a completely globalized world economy, there is likely to be scope for alternative solutions. But in a fully globalized world, how will we survive capitalism?

From the first appearance of the term in law in the Clean Water Act of 1972 (US), ecological integrity has been debated by a wide range of researchers, including biologists, ecologists, philosophers, legal scholars, doctors and epidemiologists, whose joint interest was the study and understanding of ecological/biological integrity from various standpoints and disciplines. This volume discusses the need for ecological integrity as a major guiding principle in a variety of policy areas, to counter the present ecological and economic crises with their multiple effects on human rights. The book celebrates the 20th anniversary of the Global Ecological Integrity Group and reassesses the basic concept of ecological integrity in order to show how a future beyond catastrophe and disaster is in fact possible, but only if civil society and ultimately legal regimes acknowledge the necessity to consider ecointegrity as a primary factor in decision-making. This is key to the support of basic rights to clean air and water, for halting climate change, and also the basic rights of women and indigenous people. As the authors clearly show, all these rights ultimately depend upon accepting policies that acknowledge the pivotal role of ecological integrity.

It is commonplace that political power is becoming more centralized and remote: faceless people, sometimes in unknown places, determine our circumstances and our opportunities. This ground breaking book argues that this happened through a slow development which began before globalization. Power in Business and the State queries our freedom to make our own history. Current circumstances may be so far from our own choosing that our history is now being made for us, rather than something we control ourselves. Political power is so centralized, and economic power so concentrated, that popular control of democratic government has become increasingly difficult. The sheer magnitude of the author's research underpinning this book, and the uncluttered methodological framework in which it is presented, provides a highly readable text.

What brought about a financial crisis in the "miracle" economies of Asia? What went wrong with financial reform in Asia? What can the developing countries of the world learn from the reform experiences in Asia?
Financial Liberalization and the Economic Crisis in Asia analyses how financial liberalization was undertaken in eight Asian countries and how it might be linked to the subsequent crises. The country studies focus on China, India, Indonesia, Japan, Malaysia, the Philippines, South Korea and Thailand.

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Arising from the Cohens' work on the epidemiology of childhood psychopathology, this book explores the two aspects of motivational structure--ideas and values--that underlie the development of maladaptive functioning and symptoms. The first aspect is a measure of what children admire in their peers; this measure is seen as an operationalization of personal ideals. The second is a measure of life goals, seen as a representation of the contemporary structure of long-term personal values. Despite the considerable amount of attention given in the popular press and among social critics and politicians, values have been relatively neglected as a topic of empirical research in this country. To fill the void, this work uses data from a large cohort of young people who have been studied longitudinally since early childhood to elucidate three aspects of life goals and values: * What are the demographic, family, peer, school, and intrapersonal influences that shape values and life goals of adolescents? * How do they change over the course of adolescence? * What impact do these values have on the lives of adolescents and young adults? Decisions about what we find most admirable and which of the many apparently good things in life we will take on as our top priorities are consequential both for the contemporary and for the future emotional and behavioral well-being of the individual. Thus, this book explores systematically the environmental origins of ideals and values, using deprivation and attainment hypotheses to examine a variety of influences on the development of differences in values. This book also examines the relationship between the measures of children's values and psychopathology, examining both the "Axis 1" diagnosis, including disruptive behavior disorders, depression, and anxiety, and the "Axis 2" personality disorders. Providing an extensive study of the life values of adolescents and the state of their mental health, this monograph will be of interest to developmental psychologists specializing in adolescence, child clinical psychologists, and psychiatrists.

Henry A. Abbati was not an economist by profession. After retiring from business, in 1924 he published his first book, The Unclaimed Wealth: How Money Stops Production in which he expounded his theory of 'effective demand' (terminology of his own) and its differences with respect to current theories on economic fluctuations. He was advocating public intervention in the economy in the crisis. His second book, The Final Buyer marshalled his criticisms of current theories and further clarified salient aspects of his theory, such as 'saving' and its various definitions, the working of the banking system, the interest rate and the role of public works as a means of reducing unemployment. Later work in the 30s and 40s looked at full employment, reflections on the economic crisis and further analysis of the concept of unclaimed wealth. In many ways Abbati's work in the twenties was an important precursor to Keynes' Treatise on Money, though despite being admired by Robertson and indeed Keynes, his work is today largely unknown and entirely ignored by the numerous authors who have examined the debate of the twenties and thirties on the crises and business cycles and by academic opinion in general. In this book, Di Gaspare restores Abbati's position as a pioneer in macroeconomic theory with a selection of his writings and a far reaching introduction to his contribution to the history of economic thought.

This book explores the pivotal role of think tanks in the democratization and economic reform movements by evaluating their overall effect on the transformation process in developing and transitional countries around the world. James G. McGann assesses twenty-three think tanks, located in nine countries and four regions of the world: Chile, Peru, Poland, Slovakia, South Africa, Botswana, the Philippines, Thailand, and Vietnam, that have most impacted political and economic transitions in their respective countries. The author examines the role they played in the process of democratization and market reform during the late 80s and 90s and identifies the importance of think tanks in these processes by evaluating their overall effect on the policymaking process. He argues in the early stages of a transition from an authoritarian regime to an open and democratic society the activities of think tanks are especially critical, and they have provided a civil society safety net to support these fragile democracies. This book will be of interest to students and scholars of political science, democratization, development, economic development and civil society.

Volume 33 contains articles on the economic history of Europe, America and Asia and brings new analysis, and newly created datasets to address issues of interest. Two papers focus on the US and contribute to our understanding of the Great Depression. In "Reexamining the Origins of the Smoot-Hawley Tariff Act", Beaudreau argues industrialists used the plight of farmers to raise tariffs on manufactured goods. And Jalil and Rua show in "Inflation Expectations in the U.S. in Fall 1933" that shifts in inflationary expectations could be responsible for the patterns in output witnessed in 1933: an expansion in the early part of the year which stalled by the Fall. Two papers present new data. "First Cabin Fares from New York to the British Isles, 1826-1914" by Dupont, Keeling and Weiss extends their work on understanding early tourism by creating a new series to examine the time path of first class travel over the 19th century. "Reforms and Supervisory Organizations: Lessons from the History of the Istanbul Bourse, 1873-1883" by Hanedar, Hanedar, Torun and Celikay data newly collected from the Istanbul Bourse to better understand how investors respond to different types of reforms. And finally, Field in "The Savings and Loan Insolvencies and the Costs of Financial Crisis" gives a reinterpretation of the Savings and Loan Crises of the late 1980s and early 1990s in light of the subsequent, much more severe crisis of 2007/08.

Our global ecological crisis demands that we question the rationality of the culture that has caused it: western modernity's free market capitalism. Philip Goodchild develops arguments from Nietzsche, Adorno, Horkheimer and Marx, to suggest that our love of Western modernity is an expression of a piety in which capitalism becomes a global religion, in practice, if not always in belief. This book presents a philosophical alternative that demands attention from philosophers, critical theorists, philosophers of religion, theologians and those in ecological politics.

This book, based on in-depth field research at the local level, assesses the different factors that are contributing to the transition to a market economy and the growth of networks in rural China. It analyses the different socio-economic actors - peasant households, out-migrants, family businesses and peasant entrepreneurs, uses the key concept of markets as a nexus of social networks, and identifies three different kinds of 'social capital' - human capital, political capital/status, and network capital. This book demonstrates the importance of socio-political networks and highlights significant regional differences.

Despite the common held belief that Asian nations have displayed anti-market tendencies of under-consumption and export-oriented trade since the Asian financial crisis, in the 10 years since the crisis, South Korea has bucked this trend accruing a higher debt rate than the US. This groundbreaking collection of essays addresses questions such as how did the open market policies and restructuring processes implemented during the Asian financial crisis magnify the consumption and debt level in South Korea to such an extent? What is the impact of these financial changes on the daily lives of people in different cultural and socio-economic groups? In examining these questions the authors provide valuable insight into the rise of financial capitalism, transnational mobility and the implications of neoliberal governing tactics following the Asian Financial Crisis. Examining South Korea's transformation during the early years of the 21st century, New Millenium South Korea will be of interest to anthropologists, economists and sociologists, as well as students and scholars of Korean Studies.

From the Arab Spring to the Occupy and Tea Party movements, the "What now?" solution to economic disparity and power politics has largely been largely unarticulated. This work details how the Golden Rule ethic and a technology-driven global consciousness are causing epic shifts in our economic and governing systems. The evolution from nation-state capitalism to a global economy with judicial governance is proving that prosperity is compatible with peace. With ten case studies of successful "Golden Rule" - organizations and an innovative study of the reciprocal ethic, the book provides accessible thought-provoking analysis of rapid worldwide change, and forecasts a future of freedom, purpose and hope.

This volume centres on the collaborative work of Ivan Berend and GyArgy RA!nki, begun in Hungary in the 1950s and continuing till Ranki's death in 1988, but includes papers by each individually as well as those written jointly. The subject is the social and economic history of Central and Eastern Europe in the 19th and 20th centuries, with a particular focus upon Hungary. The first part looks at the troubled German-Hungarian relations during Hitler's rule; although focusing on Hungary, it also provides an understanding of the economic ties between Germany and Central and Eastern Europe during the turbulent war years. The economic and political problems of the region in the interwar years are dealt with in the second part. Two of the four studies in the final section present the efforts and strict limitations of reforms in state socialist Hungary. The other two analyze the post-communist economic transformation of Central and Eastern Europe during the 1990s in a broad international context.

Contents:
Introduction
1. The Legacy of the Communist Past and its Impact on Foreign Trade in Transition
2. Foreign Trade Adjustment in Early Transition
3. Successes of Trade Reorientation and Trade Expansion: An Enterprise-Level Approach
4. Institutions and Foreign Trade Reorientation: How Much Impact upon Performance?
5. Post-Transition Foreign Trade Problems and Prospects: The Economics and Political Economy of Accession

This volume does four things. Firstly it examines the nexus between the illegal narcotics enterprise as a social phenomenon and political economy as a scholarly issue area. Secondly it explores the regional and global contexts of the political economy of illegal narcotics operations in the Caribbean. Thirdly it assesses some of the political economy connections and consequences of the enterprise in the region. Finally, it discusses some of the measures adopted to contend with the illegal drug challenge in the area.

How valid is the Marxian theory of imperialism? This text traces the historical development of the theory of imperialism, the internationalisation of capital and theories of capitalist nation-state formation.

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

This book presents a chronology of state policy in industry since the 1500s to the mid twentieth century, and explains the ideas that have shaped it. Includes chapters on: The state and exploitation; state participation in industry; state information and services; state operation of industry and state control over industry.

Have you ever considered what the middle ground between capitalism and socialism would look like? Socially Mixed Economies offers a tantalizing snapshot of this brave new world, a third way born of compromise by countries accepting that social gains can develop in opposed systems. John Weber takes the reader on an intellectual journey through the give-and-take of post Cold War history. Drawing on examples from Europe, the United States, and the developing world this provocative work suggests that today's political landscape is far from polarized between purely socialist and capitalist regimes. Rather than documenting the triumph of "pure" capitalism over "pure" socialism, by means of different country-specific examples, Weber illustrates how much of today's political fabric has been shaped by "concessions." The result is a socially mixed economy, of coexisting capitalist and socialist structures. This is essential reading for economists, political scientists, and historians seeking to understand the evolution of a new transitional society and its important, unprecedented consequences for twenty-first century world politics.

Devine begins with an analysis of the theory and practice of capitalist planning, central planning and 'market socialism'. He argues that, while market socialism is currently favoured by many economists who reject both capitalism and the command planning of the Soviet model, it cannot fulfil the promises held out for it. In the remainder of the bo

Since the end of the Cold War, the human face of economics has gained renewed visibility and generated new conversations among economists and other social theorists. The monistic, mechanical "economic systems" that characterized the capitalism vs. socialism debates of the mid-twentieth century have given way to pluralistic ecologies of economic provisioning in which complexly constituted agents cooperate via heterogeneous forms of production and exchange. Through the lenses of multiple disciplines, this book examines how this pluralistic turn in economic thinking bears upon the venerable social-theoretical division of cooperative activity into separate spheres of impersonal Gesellschaft (commerce) and ethically thick Gemeinschaft (community). Drawing resources from diverse disciplinary and philosophical traditions, these essays offer fresh, critical appraisals of the Gemeinschaft / Gesellschaft segregation of face-to-face community from impersonal commerce. Some authors issue urgent calls to transcend this dualism, whilst others propose to recast it in more nuanced ways or affirm the importance of treating impersonal and personal cooperation as ethically, epistemically, and economically separate worlds. Yet even in their disagreements, our contributors paint the process of voluntary cooperation - the space commerce and community - with uncommon color and nuance by traversing the boundaries that once separated the thin sociality of economics (as science of commerce) from the thick sociality of sociology and anthropology (as sciences of community). This book facilitates critical exchange among economists, philosophers, sociologists, anthropologists, and other social theorists by exploring the overlapping notions of cooperation, rationality, identity, reciprocity, trust, and exchange that emerge from multiple analytic traditions within and across their respective disciplines.

The financial crisis of 2008 brought new urgency to the question how best to organise national economies. This volume gives a business history perspective on the Varieties of Capitalism debate and considers the respective merits of the liberal and coordinated market economies. It looks at individual firms and business people as well as institutions and takes a long-term perspective by covering the whole 20th century. The authors examine both continuity and change with a particular focus on the Netherlands, a nation with an open economy, situated between two countries that oppose each other in the way they organize their economies: Germany and Great Britain. The Netherlands also provides an important case study with Dutch business maintaining strong links to the United States, widely considered to be the 'typical' liberal market economy. Contributors address the main topics of the capitalism debate, including labour relations, corporate governance, the firm and its leaders, coordination between firms, innovation, multinationals as agents of change, and economic performance. They show that the Netherlands moved from a mostly liberal market economy before 1914 towards a coordinated market economy from the 1930s onwards, and - up to a certain extent - back again to a more liberal market economy. Under both varieties of capitalism the country experienced economic growth and stagnation, but a more equal division of wealth occurred in the coordinated market economy only. Wars and international economic crises offered moments for revaluation and changes of tack. This book raises questions for every country around the globe: How is change being brought about? Can one see different results from a liberal or a more coordinated market economy? And most critically: which system is more effective in bringing prosperity and enabling enough people to share in the wealth?

An increasing number of studies in the last decade or so have emphasized the viability and persistence of distinctive systems of economic coordination and control in developed market economies. Over more or less the same period, the revival of institutional economics and evolutionary approaches to understanding the firm has focused attention on how firms create distinctive capabilities through establishing routines that coordinate complementary activities and skills for particular strategic purposes. For much of the 1990s these two strands of research remained distinct. Those focusing on the institutional frameworks of market economies were primarily concerned with identifying complementaries between institutional arrangements that explained coherence and continuity. On the other hand, those focusing on the dynamics of firm behavior studied how firms develop new capacities and are able to learn new ways of doing things.
This book aims to bring together these approaches. It consists of a set of theoretically motivated and empirically informed chapters from a range of internationally known contributors to these debates. In their chapters, the authors show how institutions and firms evolve. Ideas of path dependency and complementarity of institutions are subjected to critical scrutiny both by reference to their own internal logic and to empirical examples. Varieties of institutional integration, the surprising maintenance of 'deviant' or alternative traditions and processes, and the existence of unpredictable yet consequential policy options that can lead to breaks in path dependency are scrutinized with particular reference to how national and international firms may relate toinstitutions at various levels as a diverse arena of potential resources rather than as a singular and determinant constraining force. The book provides a set of theoretical and empirical challenges for researchers concerned with the relationship between national institutional contexts and firm dynamics. For those involved in teaching or studying at doctoral, Masters and higher level undergraduate courses, the book provides a structured entry into the debates about how institutions and firms are changing in the contemporary era.

This book challenges the popular thesis of a downward trend in the viability of welfare states in competitive market economies.
With approaches ranging from historical case studies to cross-national analyses, the contributors explore various aspects of the relationships between welfare states, industrial relations, financial government and production systems. Building upon and combining comparative studies of both the varieties of capitalism and the worlds of welfare state regimes, the book considers issues such as:
*the role of employers and unions in social policy
*the interdependencies between financial markets and pension systems
* the current welfare reform process.
It sheds new light on the tenuous relationship between social policies and market economies and provides thought-provoking reading for students and scholars of Comparative Politics, Public Policy, the Welfare State and Political Economy.

eBook available with sample pages: 0203166825