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First Published in 1994. Routledge is an imprint of Taylor &
Francis, an Informa company.
Against the Conventional Wisdom explores the reasoning and
realities of free market ideology as it originally developed and
now functions. The book examines the human, social, and natural
consequences of "rule by the market" and the recently adopted
proposals of Congress and the White House.
Analysing the relationship between economic thought and capitalism
from 1750 to the present, Douglas Dowd examines the dynamic
interaction of two processes: the historical realities of
capitalism and the evolution of economic theory. He demonstrates
that the study of economics celebrates capitalism in ways that make
it necessary to classify economic science as pure ideology. A
thoroughly modern history, this book shows how economics has become
ideology. A radical critic of capitalism, Dowd surveys its
detrimental impact across the globe and throughout history. The
book includes biographical sketches and brief analyses of the major
proponents and critics of capitalism throughout history, including
Adam Smith, Thomas Malthus, Jeremy Bentham, John Stuart Mill, Karl
Marx, Thorstein Veblen, Rosa Luxemburg, John Maynard Keynes, Paul
Samuelson, Milton Friedman, and Eric Hobsbawm. This new edition
includes a new preface and an additional chapter by the author.
For the past twenty-five years, the United States has undergone a
retrogression in its socioeconomic policies-facilitated and
supported by most economists-thanks to the steady drumbeat of
arguments by entrepreneurs and politicians who celebrate the free
market for anything and everything and who advocate, among other
follies, balanced budgets and reduced social expenditures. The
consequences of these developments have already harmed millions of
Americans; but in the present climate of opinion and politics, the
policy direction is unlikely to be reversed. Against the
Conventional Wisdom is a rallying cry against this stampede. It
seeks to provide an analytical counterattack, showing that what has
become "common sense" is not good sense economically or socially;
is neither necessary nor desirable; and will deepen existing
troubles, not resolve them. We cannot afford to continue to relive
the 1920s-when the same arguments (and lack of disagreement)
prevailed, when budgets were balanced, when finance capitalism and
speculation took center stage. At that time a large proportion of
the workforce found itself pushed aside by the 1920s version of
downsizing and outsourcing, and the rich became much richer. In the
opening chapters of the book, Douglas Dowd explores the reasoning
and the realities of the free market ideology, in its original and
present forms. Succeeding chapters treat in detail the human,
social, and natural consequences of "rule by the market" over time
and the dangers of allowing the market to rule today and tomorrow.
The book concludes with suggested alternatives to current
tendencies-alternatives that are simultaneously desirable,
necessary, and realistic.
Inequality has always been with us. With the growth of capitalism
across the globe, inequalities of income, wealth and power became
increasingly extreme. Written by economist Douglas Dowd, this book
shows that the present banking crisis is the result of the growth
of inequality across the globe. The expansion of the financial
sector has brought incredible riches to a select few, at the
expense of the majority. Inequality was ignored, or described as a
necessary aspect of a booming global economy. With the collapse of
the world markets, the fallacy of this position is clear.
Inequality "and the Global Economic Crisis" shows how it is only by
addressing inequality that we can secure the health of our
economies in the future.
Understanding Capitalism combines the essays of seven leading
economists, including Robin Hahnel and John Bellamy Foster, in a
critical assessment of the relationship between economic thought
and the dominance of capitalism. With analyses of economists
ranging from Karl Marx to Amartya Sen, the book traces the growth
of the capitalist system over the past two hundred years and how
economic theory has, in fact, become capitalist ideology. Relating
socio-economic and analytical histories to present-day economic
policy, this is a thoroughly accessible work which makes an ideal
introduction to the key thinkers in economic thought past and
present.Major economists and economic schools of thought are
discussed in a chapter-by-chapter guide that covers Marx, Veblen,
Gramsci, post-Keynesian theory, US institutionalists, Sweezy and
the Monopoly Capital school, and recent Nobel Prize winner Amartya
Sen. Contributors include Michael Lebowitz, Carl Boggs, Michael
Keaney, Frederic Lee, John Bellamy Foster and Robin Hahnel, with an
introduction by the editor, Douglas Dowd.
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Step by Step (Paperback)
Douglas Dowd, Mary Nichols; Photographs by Nick Lawrence
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R448
R384
Discovery Miles 3 840
Save R64 (14%)
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The book arose out of the authors' experiences in a project which
was itself unique: The Cornell-Tompkins Committee for Free and Fair
Elections in Fayette County, Tennessee. The project entailed six to
eight weeks of living in Fayette County by forty-five volunteers,
mostly students from Cornell University, in the summer of 1964. The
project was financed entirely, to an amount exceeding fifteen
thousand dollars, by the contributions of students, faculty, and
townspeople in and around Cornell University, and by contributions
from more distant places solicited by those involved at Cornell. Of
the many things learned from the Cornell project, one of the most
important was how responsive a community can become when confronted
with a concrete civil rights program, one with which it can
identify, one small enough to be feasible and intelligible, but
still compelling in terms of the needs involved. The authors
believe that many thousands of Americans can find no good answer to
the questions What can I do. not because they are unwilling to do
much, nor because there is little to be done, but because they lack
the knowledge of what is needed where, and how and with whom one
can go about responding to such needs. The book therefore
undertakes, step by step, to describe and explain the development
of the project at Cornell and its workings during the summer in
Tennessee, and reasons that similar steps can be taken by others,
with appropriate variations. It concludes with a detailed appendix
listing civil rights projects and organizations desperately in need
of help, whether in terms of money or volunteers or both.
Crisis and Commonwealth: Marcuse, Marx, McLaren advances Marcuse
scholarship by presenting four hitherto untranslated and
unpublished manuscripts by Herbert Marcuse from the Frankfurt
University Archive on themes of economic value theory, socialism,
and humanism. Contributors to this edited collection, notably Peter
Marcuse, Henry Giroux, Peter McLaren, Zvi Tauber, Arnold L. Farr
and editor, Charles Reitz, are deeply engaged with the foundational
theories of Marcuse and Marx with regard to a future of freedom,
equality, and justice. Douglas Dowd furnishes the critical
historical context with regard to U.S. foreign and domestic policy,
particularly its features of economic imperialism and militarism.
Reitz draws these elements together to show that the writings by
Herbert Marcuse and these formidable authors can ably assist a
global movement toward intercultural commonwealth. The collection
extends the critical theories of Marcuse and Marx to an analysis of
the intensifying inequalities symptomatic of our current economic
distress. It presents a collection of essays by radical scholars
working in the public interest to develop a critical analysis of
recent global economic dislocations. Reitz presents a new
foundation for emancipatory practice-a labor theory of ethics and
commonwealth, and the collection breaks new ground by constructing
a critical theory of wealth and work. A central focus is building a
new critical vision for labor, including academic labor. Lessons
are drawn to inform transformative political action, as well as the
practice of a critical, multicultural pedagogy, supporting a new
manifesto for radical educators contributed by Peter McLaren. The
collection is intended especially to appeal to contemporary
interests of college students and teachers in several interrelated
social science disciplines: sociology, social problems, economics,
ethics, business ethics, labor education, history, political
philosophy, multicultural education, and critical pedagogy.
Crisis and Commonwealth: Marcuse, Marx, McLaren advances Marcuse
scholarship by presenting four hitherto untranslated and
unpublished manuscripts by Herbert Marcuse from the Frankfurt
University Archive on themes of economic value theory, socialism,
and humanism. Contributors to this edited collection, notably Peter
Marcuse, Henry Giroux, Peter McLaren, Zvi Tauber, Arnold L. Farr
and editor, Charles Reitz, are deeply engaged with the foundational
theories of Marcuse and Marx with regard to a future of freedom,
equality, and justice. Douglas Dowd furnishes the critical
historical context with regard to U.S. foreign and domestic policy,
particularly its features of economic imperialism and militarism.
Reitz draws these elements together to show that the writings by
Herbert Marcuse and these formidable authors can ably assist a
global movement toward intercultural commonwealth. The collection
extends the critical theories of Marcuse and Marx to an analysis of
the intensifying inequalities symptomatic of our current economic
distress. It presents a collection of essays by radical scholars
working in the public interest to develop a critical analysis of
recent global economic dislocations. Reitz presents a new
foundation for emancipatory practice a labor theory of ethics and
commonwealth, and the collection breaks new ground by constructing
a critical theory of wealth and work. A central focus is building a
new critical vision for labor, including academic labor. Lessons
are drawn to inform transformative political action, as well as the
practice of a critical, multicultural pedagogy, supporting a new
manifesto for radical educators contributed by Peter McLaren. The
collection is intended especially to appeal to contemporary
interests of college students and teachers in several interrelated
social science disciplines: sociology, social problems, economics,
ethics, business ethics, labor education, history, political
philosophy, multicultural education, and critical pedagogy.
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