The Greek economic crisis has imperilled the stability of the eurozone, generating much global anxiety. Policymakers, analysts, and the media have daily debated the course of the Greek economy, prescribing ways to move forward. This collection of essays progressively moves from an analysis of the causes of the crisis and the policy responses so far to a debate on some of the country s advantages and capabilities that should underpin its new development model and propel the return to growth. The book analytically chooses to view the glass as half-full and seeks to provide motivation and inspiration for change by indicating some of the economic sectors where Greece maintains a comparative advantage. Therefore, it challenges the emerging picture of Greece as a country doomed to failure, where everything falls apart.

Neoliberalism is a doctrine that adopts a free market policy in a deregulated political framework. In recent years, neoliberalism has become increasingly prominent as a doctrine in Western society, and has been heavily discussed in both academia and the media. In The Origins of Neoliberalism, the joint effort of an economist and a philosopher offers a theoretical overview of both neoliberalism's genesis within economic theory and social studies as well as its development outside academia. Tracing the sources of neoliberalism within the history of economic thought, the book explores the differences between neoliberalism and classical liberalism. This book's aim is to make clear that neoliberalism is not a natural development of the old classical liberalism, but rather that it represents a dramatic alteration of its original nature and meaning. Also, it fights against the current idea according to which neoliberalism would coincide with the triumph of free market economy. In its use of both history of economics and philosophy, this book takes a highly original approach to the concept of neoliberalism. The analysis presented here will be of great interest to scholars and students of history of economics, political economy, and philosophy of social science.

First Published in 1968. This is a study of the impact of the First WorId War on the role of government in the economy of a country which was the prototype of modern industrial society and focuses on the economic control and social response during 1914 to 1919.

The entry of foreign capital and the adoption of free trade provoked fierce conflicts in many countries of South America during the twenty-first century. In Colombia and Peru, people engaged in clashes, sometimes violent, to defend their livelihood against the encroachments of the free market and the impositions of Wall Street. Farmers organized to save their lands from foreign mining corporations, and cities fought to save their water from toxic contamination. Indian tribes blocked highways to preserve their ancestral lands, and students paralyzed universities to save higher education. In Venezuela the shift toward socialism mobilized those groups previously enjoying privileges. The lightning rod for the clashes in Venezuela was President Hugo Chavez, whose political career spanned most of the period covered in this book. Governments in the three countries tried to quell the turmoil through a combination of corruption, repression, political maneuvering, and propaganda campaigns. Clear and brief chapters offer dramatic accounts of the struggles raging in these three countries. Both thought-provoking and exciting, the text exposes the worst characteristics of the political systems and the growing income inequality in Colombia, Peru, and Venezuela.

The Future of Capitalism After the Financial Crisis: The Varieties of Capitalism Debate in the Age of Austerity contains thirteen world leading political economists writing from within eight different countries who critically analyze the current crisis tendencies of capitalism both globally and in particular countries. Given the likelihood of an increasingly crisis prone future for capitalism, it is important not only to rethink capitalism in its current manifestations or varieties. It is also important to rethink research methods and conceptual frameworks in preparation for understanding an increasingly rocky future in which capitalism itself could go the way of the many species that in the past were endangered only to become extinct. More and more titles of books and articles are suggesting that capitalism or perhaps civilization itself is endangered if we do not make radical changes in the near future. This book breaks with academic path dependency and attempts to open new vistas of political economy and of multidisciplinary analysis that are crucially important if our thought processes are to be effective in a world in jeopardy. The varieties of capitalism (VoC) debate itself came into being as the Soviet Union unraveled. It drew in scholarship from a cross-section of Marxian and heterodox political economy. The key argument of VoC was that if capitalism was the only global option then those on the Left must get involved in policy discussions on how capitalist economies can be fashioned to become competitive as well as progressive. However, the financial crisis has seen policy across the advanced economies veer toward competitiveness coupled with austerity. The lesson for the Left is that alternatives to capitalism must be sought in the here and now.

Loin d'etre une utopie, le plurilinguisme en entreprise est une realite complexe, qui fournit des ressources mesurables. Les etudes reunies dans ce volume montrent que les locuteurs cherchent spontanement plusieurs solutions, differentes du tout anglais, afin de communiquer de maniere efficace. Comme les besoins linguistiques changent selon la typologie de l'entreprise, les auteurs proposent diverses solutions pour mieux investir dans les langues. Un dernier volet presente des temoignages d'entreprises ayant mise sur le plurilinguisme comme ressource strategique. Far from being a utopia, plurilingualism in business companies is a complex reality and provides measurable resources. The contributions in this volume show that language users spontaneously look for solutions other than English only to communicate effectively in the workplace. Since different types of company have different language needs, the authors suggest diverse language strategies and implementations. One section is devoted to best practices: companies present their experience in addressing language issues in the workplace.

War, Power and the Economy contains a comparative history of Great Britain, France and Spain, the three rival empires of the 1700s. It explores how the states prepared for war, what kind of economic means they had, what institutional changes they implemented, and how efficient this was. As such, the book presents the first comparative synthesis aiming to understand the outcome of the global confrontation in the eighteenth century. Faced with the challenge of paying for new and more costly wars, some countries found flexible ways to get more money and better supplies, whereas others did not. The development of freer colonial markets, the increase of consumption and its taxation, the problems of venal administration or the different systems of patronage with contractors, are some of the factors explaining the divergences that were made clear by 1815. This book explores political and economic dimensions of the eighteenth-century European state in order to explain why and how changes in power as an outcome of war depended upon the available means and the way they were obtained and used. The book takes the idea that making war or preparing for it obliged governments to make important changes in their institutions, so that during the eighteenth century the state in many ways formed itself through war efforts. Ultimately, this study aims to show how closely political and military success was entwined with economic interests. This volume is of great interest to those who study economic history, political economy and European history.

Since ancient times the exercise of individual freedom has been inseparable from the expansion of the market, driven by the search for profit. This force, namely capitalism, has stimulated human aggression and creativity in ways that have produced immense benefits. As capitalism has broadened its scope in the epoch of globalisation, so these benefits have become even greater. Human beings have been liberated to an even greater degree than hitherto from the tyranny of nature, from control by others over their lives, from poverty, and from war. The advances achieved by the globalisation of capitalism have appeared all the more striking when set against the failure of non-capitalist systems of economic organisation. However, capitalist freedom is a two-edged sword.In the epoch of capitalist globalisation, its contradictions have intensified. It threatens to produce intense conflict over access to scarce resources.

The book speaks to the widespread quest for concrete alternative ways forward 'beyond capitalism' in the face of the prevailing corporatocracy and a capitalist system in crisis. It examines a number of institutions and practices now being built in the nooks and crannies of present societies and that point beyond capitalism toward a more equal, participatory, and democratic society - institutions such as cooperatives, public banks, the commons, economic democracy. This seminal collection of critical studies draws on academic and activist voices from the U.S. and Canada, Mexico, Cuba, and Argentina, and from a variety of theoretical-political perspectives - Marxism, anarchism, feminism, and Zapatismo.

The life-worlds and personal experiences of workers and employees in three enterprises in East Berlin at the moment of political and economic upheaval stand at the centre of the book. It sets out in 1989 at the moment of the fall of the Berlin Wall witnessing the confrontations with the market economy and examining the reinterpretations of the socialist past as the political and economic changes take place. Disenchantment with Market Economics captures a unique moment in history and unveils myths and promises of liberal market economy from the perspective of those who lived through the break down of the planned economy at their workplaces in East Berlin. While Western managers regarded the expansion of their businesses towards Eastern Europe as a civilising mission, the East German employees reacted with complex strategies of individual adaptation and resistance.

Writings by international scholars that reflect on the current trajectories of global capitalism and consider likely, possible or desirable futures. It tries to develop new mediations between theory and history.

Labour reform is only one component of the larger process of reforming economy and society experienced by China over the last three decades. This book uses historical analytical tools in order to shed light on how policymaking takes place in contemporary China: an experimental and self-fulfilling process where decisions are taken only long after being introduced into daily practice. It will be valuable to students of contemporary Chinese society and key to the understanding of 25 years of Chinese labour reform.

In order to understand the resilience of capitalism as a mode of production, social organization, and an intellectual system, it is necessary to explore its intellectual development and underlying structure. A Historical Political Economy of Capitalism argues that capitalism is based on a dominant intellectuality: a metaphysics. It proposes the construction of a history-based 'critique of political economy', capable of revealing the poverty of capitalism's intellectual logic and of its application in practice. This involves a reconsideration of several classical thinkers, including Smith, Marx, Berkeley, Locke, Hobbes, Hume and Rousseau. It also sketches an emancipative methodology of analysis, aiming to expose any metaphysics, capitalist or none. In doing so, this book proposes a completely new approach in materialist philosophy. The new methodology in political economy that is proposed in this volume is an alternative way to organize a materialist approach. Some basic aspects of what is argued by the author can be found in Marx. This book is well suited for those who study political economy and economic theory and philosophy, as well as those who are interested in Marxism.

Smart people make a smart city. This volume presents a collection of papers on the concept of smartness, smart development and the international practices in the field. There are five key topic areas: the conceptual, smart economy, smart specialisation, smart city and public governance. The concept of a smart social system is grounded on comparative analysis of competing concepts such as intelligence, knowledge driven, digital, learning, networked, innovative, agile and sustainable.

The contributors to Japanese Capitalism in Crisis show that there can be a middle ground between the current extremes of the Japanese economy, and offer two proposals: a deeper understanding of long term development, and an extension of existing theory.

Back in 1972, German political sociologist Claus Offe published a book on the Structural Problems of Late Capitalism which, for almost two decades, inspired and stimulated an international and transdisciplinary debate on the role of the state in contemporary capitalism. An academic debate which, paradoxically, began to wane as the issues about which Offe had been writing became even more prominent: the "Contradictions of the Welfare State" (the title of a collection of Offe's main contributions to the debate published in English in 1984) and democratic capitalism's reality of the permanent "crises of crisis management". Since 2008, it has again become a widely shared diagnosis that advanced capitalism is in crisis. However, there is either scholarly disagreement or (more often so) mere perplexity when it comes to understanding this crisis and to explaining the prevalent patterns in dealing with it. In this volume, Jens Borchert and Stephan Lessenich critically combine a reconstruction Claus Offe's approach to state theory with an analysis of the current constellation of democratic capitalism based on that same theory. In doing so, they expertly argue that his relational approach to state theory is much better equipped analytically to grasp the contradictory dynamics of the financial crisis and its political regulation than competing contributions. This is why systematically revisiting the theory of "late capitalism" is not only of a historical concern, but constitutes an essential contribution to a political sociology of our time.

The life-worlds and personal experiences of workers and employees in three enterprises in East Berlin at the moment of political and economic upheaval stand at the centre of the book. It sets out in 1989 at the moment of the fall of the Berlin Wall, witnessing the confrontations with the market economy and examining the reinterpretations of the socialist past as the political and economic changes take place. Disenchantment with Market Economics captures a unique moment in history and unveils myths and promises of liberal market economy from the perspective of those who lived through the break down of the planned economy at their workplaces in East Berlin. While Western managers regarded the expansion of their businesses towards Eastern Europe as a civilizing mission, the East German employees reacted with complex strategies of individual adaptation and resistance.

The first phase of transition to a market economy in Central and Eastern Europe was characterized by a sharp decline in output. The fall in real GDP exceeded 20% while real industrial production even decreased by 40%. This text provides comprehensive multi-factor explanations for this unique and painful experience. Various hypotheses are analyzed: credit and fiscal policies may have been too tight; the collapse of the CMEA and the USSR came as a shock; domestic producers were neither experienced, nor flexible enough to adjust the output to new patterns of demand. It contains a combination of authors from East and West who have extensively analyzed new data based on national studies. If we can understand the causes of recent output decline then we can hope to assess the prospects for Eastern Europe. The book is intended for researchers and students as well as interested officials who deal with the transition of formerly centrally planned economies in Central and Eastern Europe.

The centerpiece of Volume 40B of Research in the History of Economic Thought and Methodology is a symposium on the work of William Baumol, edited by Erwin Dekker. The symposium includes contributions from Alex Tabarrok, Jochen Hartwig and Hagen M. Kramer, Alexandre Chirat, Victor A. Beker, Caroline Colton, Magnus Henrekson and Mikael Stenkula, and Anna Noci. Volume 40B also features new general-research essays from Juan Pablo Castilla and Fabrizio Bientinesi.

What are the most important differences among national economies? Is globalization forcing nations to converge on an Anglo-American model? What explains national differences in social and economic policy? This pathbreaking work outlines a new approach to these questions. It highlights the role of business in national economies and shows that there is more than one path to economic success. The book sets a new intellectual agenda for everyone interested in relations between politics, economics, and business.

In this sequel to their acclaimed The Dominant Ideology Thesis, the authors develop their analysis of the social and cultural underpinnings of modern capitalism. They confront a central assumption of western culture: namely, that the individual is sovereign, and that capitalism above all other economic forms depends on individualism. These ideas have an unbroken history from Alexis de Tocqueville to Milton Friedman. The paradox of the modern world is that the moral emphasis on the individual is contradicted by the actual organization of economy and society. The authors suggest that individualism and capitalism have no enduring or necessary relationship. Their linkage is entirely accidental and was confined to one particular historical period in the West. Against the background of what they term the Discovery of the Individual, the authors show how individualism gave capitalism a particular shape, and capitalism in turn highlighted the possessive features of the individual. Oriental capitalism and late capitalism in the West bear no particular relationship to individualism; indeed, they flourish best in the absence of individualistic culture. Collectivism increasingly dominates both economic and social life. These issues once informed the sociological enterprise, but have not been systematically addressed in recent times. This book revives the classical tradition of the historical and comparative analysis of culture and economy in capitalist society, in the context of the late twentieth-century world.

When first published, Capitalism as if the World Matters, by one of the leading 'eco-warriors' of our time, shocked a generation of both environmentalists and business people. Jonathon Porritt brushed aside their artificial battle lines with a powerful argument that the only way to save the world from environmental catastrophe is to embrace a new type of capitalism, and to do it quickly. In this substantially revised and updated edition, Porritt extends his powerful and controversial argument by providing fresh evidence and suggesting new actions. New content includes in-depth coverage of the USA, with case studies examining the role of huge American corporations such as Wal-Mart and General Electric, plus a close look at China and the global impact this economic giant may have in the twenty-first century. This is a must-read for everyone who has a stake in the future of the world, from business executives to environmental activists, from community leaders to the politicians with their hands on the levers of power. Published with Forum for the Future

The author analyses how finance flows can be guided towards low-carbon value generation and growth. He investigates the arrangements between actors in the innovation system and policy measures such as technology push, demand-pull and regulation with regard to their influence on private investments. The case studies include innovation intermediaries, energy service contracting for LED lighting and renewable energy project finance. The results show that barriers to low-carbon innovation inhibit the financing for companies, projects and infrastructure. Also, transparent structures which focus on risk and return facilitate private investments and, finally, both science, technology and innovation policies and regulation are needed to spur private finance.

Actor-systems dynamics is an innovative, multidisciplinary methodology for investigating and analyzing social struggles over economic resources and the related interplay between economic and socio-political institutions and processes. The authors, sociologists and economists, offer a systemic perspective on contemporary socio-economic issues such as economic crisis, unemployment, inflation, economic democracy and development; in their analyses, they identify several of the key factors that drive people to interact, to initiate change and transformation as well as to resist such change. Major underlying themes in the book are: Conflict over the distribution of economic resources and economic policies and institutions; the structural bases of economic inequality and conflict; the shaping and reshaping of socio-economic institutions, and the contradictions, conflicts and instabilities evoked by such developments; the failure of orthodox economic theories, including Keynesianism, in the face of recurrent economic crises and instabilities; the development and application of an open, dynamic actor-oriented systems theory - grounded in the social sciences - addressing complex socio-economic phenomena in ways diverging substantially from conventional economics. All in all, the papers collected here deal, on the one hand, with social power, conflict, and struggle concerning economic resources and institutions and, on the other hand, the structural and other factors which drive powering initiatives, conflict, and social innovation and transformation. The book is addressed to a broad spectrum of social and managerial scientists concerned with socio-economic issues, institutions, and development.