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Books > Business & Economics > Economics > Economic systems > General
In this landmark work, Neil Gilbert addresses the long-standing tensions between capitalism and the progressive spirit. Challenging the contemporary progressive outlook on the failures of capitalism, Capitalism and the Progressive Spirit analyzes the empirical evidence for conventional claims about the real level of poverty, the presumed causes and consequences of inequality, the meaning and underlying dynamics of social mobility, and the necessity for more social welfare spending and universal benefits. A careful reading of the research reveals that these issues are far less serious than contemporary progressive claims would have the public believe. Progressive leaders, however, remain firmly wedded to the established social agenda, which conveys a vision of the good society that disregards the historically unprecedented and wide-spread abundance in the advanced post-industrial countries. Meanwhile, the progressive agenda inadvertently caters to the corrosive effects of insatiable consumption and the commodification of everyday life, from which modern capitalism profits. The analysis suggests that it is time to resist the material definition of progress that stands so high on the current agenda and envision alternative ways for government to advance society.
The Arab Spring constitutes perhaps the most far-reaching political
and economic transition since the end of communism in Europe. For
too long, the economic aspirations of the people in the region,
especially young people, have been ignored by leaders in Arab
countries and abroad. Competing views as to how best to meet these
aspirations are now being debated in the region. The outcome will
shape Arab societies for generations to come.
This volume will bring together international and national scholars and activists to provide historical overviews of the main efforts to date to pass unconditional basic income guarantee legislation in their respective countries and/or across regions of the globe. Each contributing author will be asked to address a specific set of issues or substantive content. Such issues will include who are or were the main people and groups involved in support or against such legislative efforts, what are or were the main theoretical and pragmatic reasons for the success or failure of BIG-related initiatives to date, what legislative alternatives compete with BIG for political favor, what if any relationship is there between a country's level of economic development and factors affecting the legislative fate of BIG measures, what the prospects are for the future. Ideally, each contribution or chapter would be country or region specific, although several contributors will make international or cross-country comparisons. A concluding chapter will identify commonalities and differences across countries and possibly regions to the extent contributing sufficiently address a common set of question as suggested above and it will draw lessons for advancing social policies in general and BIG policies in particular.
Is it possible for visionary leaders to adhere to their idealism and integrity without becoming casualties of corporate conservatism and executive-level politics? This book says "yes," arguing for the need for visionary change agents in organizations and resolving the paradox of visionary change in a bureaucratic environment. Why do many companies state they want change but then often fire employees who truly rock the boat in their efforts to shift the paradigm to make improvements? How should "disposable visionaries"-leaders who are passionate about new ideas, but who underestimate or intentionally ignore the political environment that supports maintaining the status quo and consequently are in danger of losing their jobs-keep their passion regardless of the opposition... and also keep their jobs? Written with wit and filled with poignant insights and well-documented examples, this book provides practical advice and encouragement to those who are driven to promote new ideas and reach new levels of achievement. Not just for executive-level corporate leaders frustrated by their company's resistance to change, the information and inspiration presented will be enlightening to anyone who has ever been puzzled or annoyed by obstructive internal politics at work. Readers will come away with effective ways to deal with politics, champion breakthrough innovation, be recognized as their organization's most valuable asset, and unlock their potential to change the competitive playing field. The book will also be invaluable for business students who need to be aware of potential obstacles they will likely face as they embark on their careers. Helps visionaries to identify their character traits, both positive and negative, and gives them direction on how to hang on to their idealism while more clearly perceiving how their actions affect others in the organization, including their managers, corporate leadership, or board of directors Describes a previously undocumented yet common dynamic that has frustrated many ambitious employees, told from the visionary's own viewpoint Explains how to manage visionaries more effectively by encouraging them to make meaningful contributions that can be embraced and claimed by others in the organization Enables leaders who are change agents to improve their chances of staying in an executive position long enough for their ideas to gel and take positive effect Features interesting profiles of (ultimately) successful visionaries-maverick leaders who were often initially fired or smothered for their methods and mindsets-throughout the book
This book explores how successful the various tenets of economic thought have been in prognosticating or remedying economic crises. Examining key episodes in economic history, from famines in antiquity to present-day financial collapse, the author finds that several theories failed to cope with a crisis and lost their academic impact. The author also presents cases in which major theoretical innovations were achieved after the experience of a crisis as well as cases where a completely new theory was needed to explain and face the events. This book will appeal to researchers and scholars interested in understanding how theoretical developments in economics are affected by real-world economic crises.
Over the past fifteen years, the optimal enforcement of EU competition law has become a major concern. This book contains a unique collection of articles by lawyers and economists on current issues in the public and private enforcement of competition law. Public enforcement has been strengthened in numerous ways for example, through the introduction of a leniency programme and a substantial increase in fines for competition law violations. At the same time the EU Commission has been promoting private enforcement for example, by developing a legal framework that grants victims of EU antitrust law infringements access to compensation. The contributions in this book address a range of topics in the area of competition law enforcement, including the role of fines and leniency programmes in public enforcement; access to evidence and the quantification of damages in private enforcement; and the interaction between public and private enforcement of competition law in Europe."
Many Japanese and Germans endorse the shareholder-first assumptions dominant today in Britain and America. Yet in both countries there are articulate defenders of what they consider to be a better, more social-solidary way of life. Dore traces the fascinating debates which ensue on corporate governance, on worker rights, on supplier relations, on cartels and anti-trust, on pensions and welfare. He also analyses actual changes in economic behaviour. These accounts of the battle for the national soul in Japan and Germany constitute one of the finest contributions to the 'diversity of capitalism' debate. Dore's account should be read by anyone who is interested to know whether, for all the talk of globalization, that diversity is going to survive.
This thought-provoking monograph analyzes long- medium- and short-term global cycles of prosperity, recession, and depression, plotting them against centuries of important world events. Major research on economic and political cycles is integrated to clarify evolving relationships between the global center and its periphery as well as current worldwide economic upheavals and potential future developments. Central to this survey are successive waves of industrial and, later, technological and cybernetic progress, leading to the current era of globalization and the changes of the roles of both Western powers and former minors players, however that will lead to the formation of the world order without a hegemon. Additionally, the authors predict what they term the Great Convergence, the lessening of inequities between the global core and the rest of the world, including the wealth gap between First and Third World nations. Among the topics in this ambitious volume: * Why politics is often omitted from economic analysis. * Why economic cycles are crucial to understanding the modern geopolitical landscape. * How the aging of the developed world will affect world technological and economic future.< * The evolving technological forecast for Global North and South. * Where the U.S. is likely to stand on the future world stage. Economic Cycles, Crises, and the Global Periphery will inspire discussion and debate among sociologists, global economists, demographers, global historians, and futurologists. This expert knowledge is necessary for further research, proactive response, and preparedness for a new age of sociopolitical change.
In the context of the continuous advance of information technologies and biomedicine, and of the creation of economic blocs, this work analyzes the role that data protection plays in the integration of markets. It puts special emphasis on financial and insurance services. Further, it identifies the differences in the data protection systems of EU member states and examines the development of common standards and principles of data protection that could help build a data protection model for Mercosur. Divided into four parts, the book starts out with a discussion of the evolution of the right to privacy, focusing on the last few decades, and taking into account the development of new technologies. The second part discusses the interaction between data protection and specific industries that serve as case studies: insurance, banking and credit reporting. The focus of this part is on generalization and discrimination, adverse selection and the processing of sensitive and genetic data. The third part of the book presents an analysis of the legislation of three EU Member States (France, Italy and UK). Specific elements of analysis that are compared are the concepts of personal and anonymous data, data protection principles, the role of the data protection authorities, the role of the data protection officer, data subjects' rights, the processing of sensitive data, the processing of genetic data and the experience of the case studies in processing data. The book concludes with the proposal of a model for data protection that could be adopted by Mercosur, taking into account the different levels of data protection that exist in its member states."
The Great Recession has prompted a reassessment of the specific mode of capitalist accumulation that achieved dominance in the era of globalization. Yet just about all of this literature has focused on one of two issues: why things went wrong, and what we need to do in order to return the system to stability. Outside of a contingent of radical socialists on the fringes of the debate, virtually no one questioned whether capitalism could continue. In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive. The prevalent common wisdom, for all its current gloom, nevertheless safely assumes that capitalism cannot break down permanently because there is no alternative. The authors shatter this assumption, arguing that this generalization is not supported by theory but is rather an outgrowth of the optimistic nineteenth-century claim that human history ascends through stages to an enlightened equilibrium of liberal capitalism. Yet as they point out, just about all major historical systems have broken down in the end (e.g., the Roman empire). In the modern epoch there have been several cataclysmic events-notably the French revolution, World War I, and the collapse of the Soviet bloc-that came to pass mainly because contemporary political elites had spectacularly failed to calculate the consequences of the processes they presumed to govern. At present, none of our governing elites and very few of our intellectuals can fathom an ending to our current reigning system. Considering whether a collapse is possible is the task that the quintet-Derleugian, Michael Mann, Randall Collins, Craig Calhoun, and Immanuel Wallerstein-sets out to explore. While all of the contributors arrive at different conclusions, they are in constant dialogue with each other and therefore able to construct relatively seamless-if open-ended-whole. For instance, Wallerstein (who accurately predicted the collapse of the Soviet system in 1979) and Collins, identify fatal structural faults in twenty-first century capitalism. Mann, on the other hand, does not think that there is any serious alternative to the market dynamic, but he does identify other serious threats to the system, including environmental degradation. Calhoun and Derluguian are more circumspect and focus on the role of politics in steering the system toward either revival or collapse. This most ambitious of books, written by the highest caliber of sociologists, asks the biggest of questions: are we on the cusp of a radical world historical shift or not?
"This book analyses privatisation in Ireland, a European economy that has experienced rapidly changing fortunes over the last 30 years. It examines the effects of privatisation in terms of corporate performance, public finances and the distributional aspects of privatisation including the impact on employment and share ownership"--
In 1995, Republicans came to power in the United States with an ambitious program proposing to embrace a degree of laissez- faire economics unknown for generations anywhere in the industrialized world. Simultaneously, politicians, entrepreneurs, and economists championed the new bastions of unregulated capitalism that sprung up in such unfamiliar precincts as Beijing and Moscow. Yet to date many free-market economic policies, be it in Prague or here in America, have not lived up to their initial promises. In fact, it has become a common joke in Russia that capitalism has succeeded in making communism look good, a feat unaccomplished by the Kremlin in its 70 year reign. In Making Capitalism Work, Leonard and Mark Silk analyze the failures and successes of capitalism as seen most recently in the former Soviet Bloc, Japan, China, the European Community and the United States. While recognizing that capitalism has been successful in a number of countries, the authors point out that overly simplistic policies advocating an unfettered capitalism ignore too large a range of issues central to the formation of any moral economic system. Viewing capitalism as simply one of a number of economic systems, Leonard and Mark Silk address such issues as the obligation of the rich to the poor, the responsibility of the state to insulate its citizens from market fluctuations, the responsibility of present generations to provide for future ones, and whether economic systems can set the proper extent and limits of individual rights and freedoms. An important, concise, thought-provoking book this is the last book Leonard Silk wrote before his death late last year and has been completed here by his son, Mark.
With the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this text explores systems of institutions and the effect of corruption, developments in behavioural economics, the impact of immigration, and the links between democratic progress and economic growth. Papers from the Fourteenth World Congress of the International Economic Association held in Marrakech from August 29 to September 2, 2005.
The Third Millennium presents unprecedented opportunities and challenges to capitalism as a global economic system. Technological advances, governmental policies, energy supply, ecological concerns, and a burgeoning world population are among the issues to be addressed by private enterprise in holistic and humanitarian ways. No longer can these issues be treated in isolation inasmuch as they are becoming increasingly interdependent. As Rogers shows, in industrialized nations, with their aging and stabilizing populations, the marketplace and the working environment are changing, requiring new approaches to work and leisure. In sharp contrast, populations in the Third World are growing rapidly and represent vast potential new markets for the private sector. Simultaneously, enormous social, health, and political problems abound in many Third World countries that may be addressed by private sector and governmental initiatives. Economic expansion in Third World nations will require great expansion of electric and other energy systems, resulting in increased environmental degradation unless major preventive measures are taken. Continued growth of energy systems in industrialized nations will require the introduction of increased pollution controls in the near future. A definitive transition from dependence on fossil fuels to nonpolluting renewable energy sources should be a major global priority. Environmental protection efforts, previously confined to major industrialized nations, should become a high priority issue on a global basis. Global climate change and other air pollution, desertification, deforestation, loss of biodiversity, and water pollution are extending into formerly pristine areas, forcing international approaches to mitigation. A challenging assessment for business officers, policy analysts, and economists involved with corporate strategy and economic development.
This book addresses concerns with the international trade and investment dispute settlement systems from a statist perspective, at a time when multilateralism is deeply questioned by the forces of mega-regionalism and political and economic contestation. In covering recent case law and theoretical discussions, the book's contributors analyze the particularities of statehood and the limitations of the dispute settlement systems to judge sovereign actors as autonomous regulators. From a democratic deficit coupled with a deficit of legitimacy in relation to the questionable professionalism, independence and impartiality of adjudicators to the lack of consistency of decisions challenging essential public policies, trade and investment disputes have proven controversial. These challenges call for a rethinking of why, how and what for, are States judged. Based on a "sovereignty modern" approach, which takes into account the latest evolutions of a globalized trade and investment law struggling to put people's expectations at its core, the book provides a comprehensive framework and truly original perspective linking the various facets of "judicial activity" to the specific yet encompassing character of international law and the rule of law in international society. In doing so, it covers a large variety of issues such as global judicial capacity building and judicial professionalism from an international and domestic comparative angle, trade liberalisation and States' legitimate rights and expectations to protect societal values, the legal challenges of being a State claimant, the uses and misuses of imported legal concepts and principles in multidisciplinary adjudications and, lastly, the need to reunify international law on a (human) rights based approach.
In 1989 the post-Communist countries of Eastern Europe opened their economies by establishing more open exchange rate policies and exchange controls and eliminating prohibitive tariffs and quotas. Now trying to join the integrated world economy, they are facing the challenge of finding strategic alliances and attracting foreign capital. This book analyzes economic policy in Eastern Europe with a focus on the financial arrangement of currency boards. It examines the main challenges facing East European countries, their economic policy strategies, the main challenges to the economies that adopted currency boards, and whether currency boards were a solution. The book is organized into two parts. Part I addresses the challenges to economic policy in Eastern Europe, and Part II turns to the discussion of currency board arrangements.
This book presents a series of interviews with Hartmut Elsenhans on his wide-ranging theories and their policy implications. Serving as a compilation of his distilled thoughts, we discuss with him his unique world economic theory, his theorisation of social movements, his work on overcoming underdevelopment, and much more.
This book explores institutional change and economic behaviour through examining the transition process in the eight former socialist countries that became members of the EU in 2004, looking at the phenomenal growth that has been taking place in China in the last three decades, offering a historical perspective on the causes of economic underdevelopment in the Middle East, and discussing just how much of the neo-classical paradigm is refuted by the evidence produced by experimental economics in recent years. In addition, a conceptual framework is proposed for analyzing mechanisms of institutional change, and an evolutionary model and agent-based model are developed.
The book examines the changing external environment of organizations. This book explores the contradictions within the global capitalist system and their consequences to assess and find ways in creating new knowledge for managers/leaders to reorient themselves in appropriate restructuring of organizations to better serve their stakeholders.
This interdisciplinary collection ofessays probes the impact of the market economy on art and science in the post-Berlin Wall era. "Part One: Science for Sale," A Dollar Green Science Scene, focuses on new alliances of contemporary science and education with commercial funding, and the commodification of knowledge. Among the questions addressed here are: Does proximity to economic power eclipse freedom of knowledge? When science and education become businesses, what are the risks for a sell-out of patented knowledge, an abuse of research for business purposes or a commercialization of symbolic power? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? Part Two: Art for Sale, Buy Buy Art, elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? Part Two: Art for Sale, Buy Buy Art, elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but art costs money and artists cannot survive on their love for art alone. How do artists respond to the rise of economic strictures in modern culture in general and the art market in particular? When works of art become investments, can art still be critical of economic injustice? What role remains for the artist in a global, late-capitalist society? "Part Two: Art for Sale, Buy Buy Art," elaborates on the multifaceted and ambiguous relationship between art and capital. Contemporary art claims to be autonomous, but
This edited volume analyzes recent key developments in EU border management. In light of the refugee crises in the Mediterranean and the responses on the part of EU member states, this volume presents an in-depth reflection on European border practices and their political, social and economic consequences. Approaching borders as concepts in flux, the authors identify three main trends: the rise of security technologies such as the EUROSUR system, the continued externalization of EU security governance such as border mission training in third states, and the unfolding dynamics of accountability. The contributions show that internal security cooperation in Europe is far from consolidated, since both political oversight mechanisms and the definition of borders remain in flux. This edited volume makes a timely and interdisciplinary contribution to the ongoing academic and political debate on the future of open borders and legitimate security governance in Europe. It offers a valuable resource for scholars in the fields of international security and migration studies, as well as for practitioners dealing with border management mechanisms.
The combined effort of eminent economists who have worked with Mario Nuti during his career has produced an up-to-date evaluation of the transition. The book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. The book also covers the evolution of the global economy beyond transition, looking at complexity, risk management, the optimal transition path, and globalization. There are country studies of Russia, Belarus, Slovenia and Serbia.
As a result of the financial crisis, the weaknesses of the Eurozone, including the public debt crisis, materialized in severe depressions in certain of its country members. In this monograph, the author analyzes structural weaknesses of the Eurozone and argues that they can be traced to (i) institutional differences, (ii) differences in the economic structures, (iii) the fundamental inability of European Bureaucracy to deal with crises, and (iv) the extreme rigidity of markets which prevents a general equilibrium in product and credit markets. He concludes that whether the Eurozone is sustainable, depends on future monetary and credit policies, and discusses the implications of reforming it in the best interest of the international banking and financial system. The recent policies of the ECB of "cheap" credit expansion are examined in detail. The approach of the work is along the lines of von Mises' and Hayek's Austrian tradition; additionally, substantive international empirical evidence supporting this Austrian approach is presented.
This book aims to provide comprehensive coverage of the field of air transportation, giving attention to all major aspects, such as aviation regulation, economics, management and strategy. The book approaches aviation as an interrelated economic system and in so doing presents the "big picture" of aviation in the market economy. It explains the linkages between domains such as politics, society, technology, economy, ecology, regulation and how these influence each other. Examples of airports and airlines, and case studies in each chapter support the application-oriented approach. Students and researchers in business administration with a focus on the aviation industry, as well as professionals in the industry looking to refresh or broaden their knowledge of the field will benefit from this book. |
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