Once torn by ideological conflicts and the dominance of command economies, Southern Africa is now moving towards economic liberalization and openness. In general, the ascendancy of "market economies" is acknowledged by its governments, albeit with different degrees of enthusiasm. Theoretically rich and empirically engaging, this timely book offers a critical insight into the ensuing debate on regionalism and the process of regionalization in region.

The book analyzes and assesses corporate restructuring and governance in transition countries focusing on the Czech Republic, Hungary, and Russia and the core issues for these countries in transformation into competitive market economies. Unlike other contributions to the literature on this subject, this book consists of comprehensive studies based on original materials and publications in local languages. It also gives a prominent role to the interplay of formal and informal processes within corporate governance and restructuring, paying due attention to unwanted and unforeseen consequences and highlights the nature and reasons of the divergent paths of the different corporate governance systems.

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.

Social policy in East and West finds itself today in the middle of a fundamental transition. The former communist countries of Central and Eastern Europe and the successor states to the former Soviet Union are attempting to create the institutions needed for a modern market economy and a modern democratic welfare state. At the same time, the mature welfare states of Europe are struggling to solve the contemporary financial crisis of their systems of social entitlements. Because of fundamental economic and demographic trends, these systems will become increasingly difficult to sustain over the coming decades. The contributors overwhelmingly agree that it would be mistaken policy to simply copy the institutions of Western welfare states to the eastern economies in transition. Instead one can learn much from the experience gathered over the past half century in Western welfare states.

First published in 1985, Theories of Modern Capitalism provides a succinct study of Marxist and non-Marxist theories of Capitalism, its recent development, and the prospects of a transition to socialism.

The study begins with a critical examination and comparison of four major theories of capitalism, in the works of Marx, Weber, Schumpeter and Hayek. This is followed by an analysis of the most recent phase of capitalism which has been conceptualised by Marxists thinkers in various ways as 'organised capitalism'', 'state monopoly', or 'late capitalism'. Finally, Bottomore considers the question of a 'transition to socialism' in the diverse interpretations which have been offered by Marxists on one side, and by Weber, Schumpeter and Hayek on the other.

Theories of Modern Capitalism will be valuable in a wide range of courses in social and political theory, and will also have an appeal to a broader readership concerned with issues of social and economic policy.

Economic development has cyclical dynamics and long-term dynamics - the latter are typically related to demographical changes, innovation and long-term insti- tional changes in open economies. Financial markets - that means mainly capital markets - and labor markets are affected in OECD countries both by innovations and institutional reforms. As regards demographics ageing is a typical challenge on both sides of the Atlantic, and pension reforms in industrialized countries have placed greater emphasis on capital markets than in previous decades. Innovation dynamics certainly are also quite important for all high wage OECD countries. The Lisbon Agenda has put particular emphasis on more growth, higher innovation dynamics and better exploitation of the advantages of a digitally networked society. Traditionally, the US has a lead in global innovations, and the US policy certainly has contributed to the American technological leadership. There still is a per capita income gap in favor of the US and the US labor market situation also looks relatively favorable, but in the ?ve years since 2001 employment growth in the euro area was higher than that of the US. The euro area is, however, a rather heterogeneous set of countries which differ in terms of institutions, attitudes and reform progress - and everywhere governments are aware that there have to be reforms, not least in the context of globalization which bring a more complex and dynamic spatial structure of value-added.

Global financial turbulence severely affected countries in transition from planned towards market economies. Policy responses of Russia, Poland, the Czech Republic and Hungary are reviewed and compared in this book. Each country analysis is critically discussed. Contributors to this volume include Claudia Buch, Stephen F, Frowen, Jens Hoelscher, Alexander Karmann, Jens Linne, Roman Matousek, Zbigniew Polanski, Bruno Schoenfelder, Vladislav Semenkov, Johannes Stephan, Adam Toeroek, Horst Tomann, Trantisek Turnovec and Uwe Vollmer.

Privatization was the fundamental pillar of transition from plan to market in former socialist countries. But little is known about the fate of companies that were privatized in large scale privatization schemes such as mass privatization or management-employee buyouts. This is the first original study aiming to fill this gap. It assesses "wholesale privatization schemes" in three leading transition countries - the Czech Republic, Poland and Slovenia - in terms of the evolving concentration of ownership and relations to firm performance.

The most comprehensive and up-to-date analysis of the successes and failures of twenty-seven countries post-communism transformation. Looking at life after the fall of the Berlin wall in 1989, the book examines and contrasts why some countries have virtually completed their transformation to a liberal polity and economy, while others lag behind. Those that followed a strategy of early and steady reforms on economic, political, institutional and social dimensions have exhibited impressive results in economic performance, attracting foreign direct investment, dealing with the social costs of the transformation and establishing a liberal democracy. Unlike those that have moved gradually, with some countries in a frozen transition after being captured by powerful oligarch groups who have drained considerable state assets.

"This book analyzes both the consistent and changing elements in the Austrian School of Economics since its foundation in the late 19th Century up to the recent offspring of this School. It investigates the dynamic metamorphosis of the school, mainly with reference to its contact with representatives of history of economic thought"--

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.

The Social Costs approach to the globalised capitalist market economy has gained new relevance in recent years. The present situation is one of widespread and increasing deterioration of the social, cultural, democratic, and environmental frameworks of advanced capitalist market societies. This deterioration is indicated by the threats of unemployment, precarious working conditions and increasing income/status inequality, uneven geographical developments, and the exploitation and undermining of the institutional fabric of the society. It is aggravated by the rapid extension - at local, national, regional and global scales - of ecological disruption. So the global capitalist market economy is characterised by a great deal of instability and so-called true uncertainty, which largely undermine its coordinating and welfare-enhancing capacity. The view suggested by Karl William Kapp's seminal evolutionary open-systems approach is that these processes and problems are the outcome of a widening gap between private individualist economic, and societal values or, to use Karl Polanyi's terms, of the ever increasing disembeddedness of the economy from society and of the subjugation of society to the economy. The key actor in this process is business or, more specifically, it is the increasingly dominant, globalised, deregulated and disembedded hierarchical and power system of business enterprise. Current analyses of the global capitalist market economy are overdue to be undertaken making use of the powerful analytic frame of Karl William Kapp's open systems economics. 'Social Costs and Public Action in Modern Capitalism' examines this approach from a theoretical, conceptual, empirical, policy and case study level.

The book analyzes the topic of judicial reforms in four countries of South-East Europe, focusing on two specific factors that have influenced the reforms in the past two decades: the role played by the European Union in light of the east Enlargement process and the legacies of the communist regimes. Specifically, the aim is to account for similarities and differences in the reform paths of Slovenia, Romania, Croatia, and Serbia. In each country, in fact, the influence of the EU policies has been differently mediated by national factors that, broadly conceived, may be considered as expressing the legacies of the past regimes. In some cases, these legacies challenged judicial reforms and inhibited the influence of the EU; in other cases, they were positively overcome by following the route suggested by the EU. Some explanatory factors for these differences will be proposed drawing from democratization studies, Europeanization literature, and comparative judicial systems.

The book focuses on countries having different status vis-a -vis the EU and differently involved, in term of timing, in the EU accession process: some of them are new member states entered in 2004 (Slovenia) or in 2007 (Romania); others were, until recently, acceding countries (Croatia) or candidates to the membership (Serbia). This comparison allows investigation of the power of EU conditionality in different phases of the EU enlargement process.vis-a -vis the EU and differently involved, in term of timing, in the EU accession process: some of them are new member states entered in 2004 (Slovenia) or in 2007 (Romania); others were, until recently, acceding countries (Croatia) or candidates to the membership (Serbia). This comparison allows investigation of the power of EU conditionality in different phases of the EU enlargement process.

Many of the leading thinkers on dialectics in the Marxian tradition have collaborated here to put forward and debate challenging new perspectives on the nature and importance of dialectics. The issues dealt with range from the philosophical consideration of the precise nature of dialectical reasoning, to dialectics and economic theory, and to more concrete concerns such as how dialectics can help us think about globalization, freedom, inflation, and subjectivity.

This book addresses the social and environmental justice challenge to live sustainably and well. It considers the consequences of our social, economic and environmental policy and governance decisions for this generation and the next. The book tests out ways to improve representation, accountability and re-generation. It addresses the need to take into account the ethical implications of policy and governance decisions in the short, medium and long term based on testing out the implications for self, other and the environment. This book recognizes the negative impact that humans have had on the Earth's ecosystem and recommends a less anthropocentric way of looking at policies and governance. The chapters discuss the geologic impact that people have had on the globe, both positive and negative, and brings awareness to the anthropocentric interventions that have influenced life on Earth during the Holocene era. Based on these observations, the authors discuss original ideas and critical reviews on ways to govern those who interpret the world in terms of human values and experience, and to conduct an egalitarian lifestyle. These ideas address the growing rise in the size of the ecological footprints of some at the expense of the majority, the growth in unsustainable food choices and of displaced people, and the need for a new sense of relationship with nature and other animals, among other issues. The chapters included in Balancing Individualism and Collectivism: Social and Environmental Justice encourage readers to challenge the sustainability agenda of the anthropocentric life. Proposed solutions to these unsustainable actions include structuralized interventions and volunteerism through encouragement and education, with a focus on protecting current and future generations of life through new governmental etiquette and human cognizance.

European integration has had an ever deepening impact on the member states. The first wave of research concerned the process of institution building and policy developments at the European Union (EU) level. The second wave, on Europeanization used the resulting integration as an explanatory factor in understanding domestic political change and continuity. What is now necessary is to link our understanding of these bottom-up' and top-down' processes of integration and Europeanization. This book argues that a third wave of research on the EU is needed to adequately understand the increased interconnectedness between the European and national political levels. We posit that this third wave should be sensitive to the temporal dimension of European integration and Europeanization. In particular, we ask: how has Europeanization affected current modes of integration and cooperation in the EU?

Tackling the most pressing problem of our time - how capitalism, and business, can provide a future of wealth, equity and ecological integrity, this book is destined to be one of the most important business, economics and politics books of the year. Sir Jonathon Porritt, CBE, Co-Founder of Forum for the Future, is a leading influence on business and industry, the UK government's premier adviser on sustainable development and a top author, broadcaster and visionary. As our great economic machine grinds relentlessly forward into a future of declining fossil fuel supplies, climate change and ecosystem failure, humanity, by necessity, is beginning to question the very structure of the economy that has provided so much wealth, and inequity, across the world. In this fresh, politically charged analysis, Jonathon Porritt wades in on the most pressing question of the 21st century - can capitalism, as the only real economic game in town, be retooled to deliver a sustainable future?

Personal consumption accounts for two thirds of GDP, yet recent economic events have emphasised our limited ability to translate consumption patterns into policy. Steven Silver analyses this understudied area, exploring the network memberships that emerge from our everyday lives, and the consumption patterns these create.

In his book "Jurassic Park" (and in the movie based on the book), Michael Crichton describes a crazed professor who through techniques of genetic engineering manages to recreate the dinosaurs and giant ferns of 65 million years past. Once the giant Tyrannosaurus Rex is brought to life. a powerful dynamics sets in: evolution. The prehistoric world embarks on a collision course with man. Researching his book, Crichton had been reading up on paleontology and on the mathematical theory of evolution, catastrophes, and chaos. Crichton explains some of the twists of nonlinear mathematics that are rewriting not only thermodynamics, physics, and chemistry (that all grapple with evolving and turbulent processes) but also paleontology, genetics, medicine and even anthropology. Collapse and chaos is not limited to prehistoric animal kingdoms and ancient civilizations. The collapse of the Soviet Union and the political and economic chaos in its aftermath demonstrate that modern civilizations are just as vulnerable. This book aims at reexamining some main portions of the discipline of economics from the point of view of economic change and creativity. There are two aspects to this perspective. First, diversity and complexity. The range of different kinds of high technology products available to consumers and producers increases rapidly. Each product is the result of a long and complex production hierarchy. As these hierarchies grow, they deliver ever more diversified and complex high tech goods. Other hierarchies fall by the wayside.

'Superb' - Tim Harford, author of How to Make the World Add Up Money is essential to the economy and how we live our lives, yet is inherently worthless. We can use it to build a home or send us to space, and it can lead to the rise and fall of empires. Few innovations have had such a huge impact on the development of humanity, but money is a shared fiction; a story we believe in so long as others act as if it is true. Money is rarely out of the headlines - from the invention of cryptocurrencies to the problem of high inflation, extraordinary interventions by central banks and the power the West has over the worldwide banking system. In Money in One Lesson, Gavin Jackson answers the most important questions on what money is and how it shapes our world, drawing on vivid examples from throughout history to demystify and show how societies and its citizens, both past and present, are always entwined with matters of money. 'A highly illuminating, well-researched and beautifully written book on one of humanity's most important innovations' - Martin Wolf, chief economics commentator, Financial Times

Regulating for Rivalry in Africa assesses the development of competition regimes in Africa through a combination of chapters which give in-depth assessments of countries’ experiences. The insights in this book combine critical analysis with insider knowledge on competition enforcement in Africa.

This volume makes an important contribution in assessing how the competition regimes are functioning in practice against the challenges involved and the emerging competition dynamics which have arisen as markets have evolved. The book includes reviews of the Kenya, Zambia and Common Market for Eastern and Southern Africa competition authorities and tackles contemporary issues such as buyer power and digitalization.

It covers competition in agri-food markets, which are of critical importance given shocks from COVID-19, the Russia- Ukraine war and climate change.

This volume focuses on the socio-political aspects of economic transformations in Eastern European socialist countries. Particular emphasis is laid on the problem of interrelations between the plan and the market and between economic incentives and social consumption. The book also examines economic and political factors in the wider political context, particularly looking at the question of democratization within industry and politics.

For many years a neglected figure, Nikolai Bukharin has recently been the subject of renewed interest in the West. Now regarded as a leading Marxist theorist, Bukharin's work has wide appeal to those interested in Soviet history and Marxist economics as well as to those concerned with theories of development and socialist economies.

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.