A series of market-related crises over the past two decades -
financial, environmental, health, education, poverty -
reinvigorated the debate about markets and social justice. Since
then, counter-hegemonic movements all over the globe are attempting
to redefine markets and the meaning of economic enterprise in
people's daily lives. Assessments of market outcomes tend toward
the polemical, with capitalists and socialists, globalization
advocates and anti-globalization movements, those on the political
right and those on the left, all facing off to argue the benefits
or harms brought about by markets. Yet not enough attention has
been paid to analyzing the conditions under which markets result in
just outcomes. This book explores how culture, politics, and
ideology help shape market incentives in an attempt to reclaim the
language of economic rationality and the policymaking legitimacy
that accompanies it. Through a variety of case studies - labor
relations in the U.S. meatpacking industry, the globalization
process in Juairez, Mexico, financial reform in Cuba, and an
interfaith Ugandan coffee cooperative - this book provides a
framework for understanding the conditions under which markets
promote just or unjust outcomes (e.g., discrimination, income
inequality, environmental degradation, or racial justice, human
rights, and equitable growth). This book touches on subject matter
as varied as food, religion, banking, and race and gender equality,
from a multi-disciplinary perspective. It offers an analysis of
markets based on community rather than pure individualism that has
the potential to change the way we think about economic
rationality. An accessible and compelling read, this book will
appeal to students and scholars in political science, economics,
sociology, geography, gender studies, critical race studies,
environmental studies, and all those interested in the critique of
mainstream economics and neoliberal logic.
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