Through developing an original analytical framework that, for the first time, systematically relates productive, market and financial variables, the authors are able to rewrite the history of the car business since Henry Ford.

Presenting a coherent interpretation of the development of economic and social policy in Britain since 1945, this text analyses the political assumptions underlying post-war economic policy. It traces these assumptions through the classic texts of Keynes and Beveridge, the architects of limited, non-socialist state intervention to secure the welfare state and full employment. The topics covered include private saving versus company pensions, and the level and composition of employment in Britain.

This is the first ever book to analyse outsourcing - contracting out public services to private business interests. It is an unacknowledged revolution in the British economy, and it has happened quietly, but it is creating powerful new corporate interests, transforming the organisation of government at all levels, and is simultaneously enriching a new business elite and creating numerous fiascos in the delivery of public services. What links the brutal treatment of asylum seeking detainees, the disciplining of welfare benefit claimants, the profits effortlessly earned by the privatised rail companies, and the fiasco of the management of security at the 2012 Olympics? In a word: outsourcing. This book, by the renowned research team at the Centre for Research on Socio Cultural Change in Manchester, is the first to combine 'follow the money' research with accessibility for the engaged citizen, and the first to balance critique with practical suggestions for policy reform. -- .

This is the first ever book to analyse outsourcing – contracting out public services to private business interests. It is an unacknowledged revolution in the British economy, and it has happened quietly, but it is creating powerful new corporate interests, transforming the organisation of government at all levels, and is simultaneously enriching a new business elite and creating numerous fiascos in the delivery of public services. What links the brutal treatment of asylum-seeking detainees, the disciplining of welfare benefit claimants, the profits effortlessly earned by the privatised rail companies, and the fiasco of the management of security at the 2012 Olympics? In a word: outsourcing. This book, by the renowned research team at the Centre for Research on Socio-Cultural Change in Manchester, is the first to combine ‘follow the money’ research with accessibility for the engaged citizen, and the first to balance critique with practical suggestions for policy reform. -- .

For thirty years, the British economy has repeated the same old experiment of subjecting everything to competition and market because that is what works in the imagination of central government. This book demonstrates the repeated failure of that experiment by detailed examination of three sectors: broadband, food supply and retail banking. The book argues for a new experiment in social licensing whereby the right to trade in foundational activities would be dependent on the discharge of social obligations in the form of sourcing, training and living wages. Written by a team of researchers and policy advocates based at the Centre for Research on Socio Cultural Change, this book combines rigour and readability, and will be relevant to practitioners, policy makers, academics and engaged citizens. -- .

First published in 1981, From Pauperism to Poverty consists of seven essays, three of which focus on the English poor law between 1800 and 1914 and four of which examine texts of social investigation by Mayhew, Engels, Booth and Rowntree. Rather than making a specialist contribution to the history of social thought and policy, the essays raise general questions about current ways of writing history and alternative analyses of specific texts or institutions are developed. In doing so, the previous histories of the relief of pauperism and the discovery of poverty are revised at many points. Most notably, it is demonstrated for the first time that relief to unemployed men was virtually abolished after 1850. This book will be of interest to those studying the history of social welfare and poverty.

First published in 1981, From Pauperism to Poverty consists of seven essays, three of which focus on the English poor law between 1800 and 1914 and four of which examine texts of social investigation by Mayhew, Engels, Booth and Rowntree. Rather than making a specialist contribution to the history of social thought and policy, the essays raise general questions about current ways of writing history and alternative analyses of specific texts or institutions are developed. In doing so, the previous histories of the relief of pauperism and the discovery of poverty are revised at many points. Most notably, it is demonstrated for the first time that relief to unemployed men was virtually abolished after 1850. This book will be of interest to those studying the history of social welfare and poverty.

The editors have chosen substantial extracts to illustrate the major themes and ideas in Beveridge's writing over a period of more than four decades, ranging from his book Unemployment, published in 1909, to the Beveridge Report of 1942 and beyond. Sections cover his social philosophy; the crucial role he attributed to social insurance as a technique of welfare; his relation to economics; and the stress he placed on voluntary action in a free society. Each theme is introduced by a full editorial commentary which explains its place in Beveridge's thought, as well as outlining his position and offering critical guidance to the reader. The return of mass unemployment and continuing debate on the role of the welfare state has revived interest in Beveridge's work and this reader brings his ideas.

The editors have chosen substantial extracts to illustrate the major themes and ideas in Beveridge's writing over a period of more than four decades, ranging from his book Unemployment, published in 1909, to the Beveridge Report of 1942 and beyond. Sections cover his social philosophy; the crucial role he attributed to social insurance as a technique of welfare; his relation to economics; and the stress he placed on voluntary action in a free society. Each theme is introduced by a full editorial commentary which explains its place in Beveridge's thought, as well as outlining his position and offering critical guidance to the reader. The return of mass unemployment and continuing debate on the role of the welfare state has revived interest in Beveridge's work and this reader brings his ideas.

Through developing an original analytical framework that, for the first time, systematically relates productive, market and financial variables, the authors are able to rewrite the history of the car business since Henry Ford.

Considering the recent impact of the capital market on corporate strategy, this text analyzes, through argument and supportive case studies, how pressures from the capital bull market of the 1990s and bear market of the early 2000s, have reshaped management action and calculation in large, publicly quoted US and UK corporations. Beginning with the dissatisfaction with classical strategy and its limited engagement with the processes of financialization, the book moves on to cover three detailed company case studies (General Electric, Ford and GlaxoSmithKline) which use long run financial data and analysis of company and industry narratives to illustrate and explore key themes. The book emphasizes the importance of company and industry narrative, while also analyzing long term financial results, and helps to explain the limits of management action and the burden of expectations placed on corporate governance. Presenting financial and market information on trajectory in an accessible way, this book provides a distinctive, critical social science account of management in large UK and US corporations, and it is a valuable resource for students, scholars and researchers of business, management, political economy and non-mainstream economics. short listed for the 2007 IPEG Book Prize

Considering the recent impact of the capital market on corporate strategy, this text analyzes, through argument and supportive case studies, how pressures from the capital bull market of the 1990s and bear market of the early 2000s, have reshaped management action and calculation in large, publicly quoted US and UK corporations. Beginning with the dissatisfaction with classical strategy and its limited engagement with the processes of financialization, the book moves on to cover three detailed company case studies (General Electric, Ford and GlaxoSmithKline) which use long run financial data and analysis of company and industry narratives to illustrate and explore key themes. The book emphasizes the importance of company and industry narrative, while also analyzing long term financial results, and helps to explain the limits of management action and the burden of expectations placed on corporate governance. Presenting financial and market information on trajectory in an accessible way, this book provides a distinctive, critical social science account of management in large UK and US corporations, and it is a valuable resource for students, scholars and researchers of business, management, political economy and non-mainstream economics. short listed for the 2007 IPEG Book Prize

This book, first published in 1983, offers a new explanation for the poor performance of British manufacturing since 1950. Rather than invoke orthodox economic theory or general social factors, the book analyses four national conditions - enterprise control over the labour process; market structure and the composition of demand; the relation of manufacturing enterprise to financial institutions like banks and stock exchanges; and the relation of manufacturing enterprise to government.

Presenting a coherent interpretation of the development of economic and social policy in Britain since 1945, this book analyses the political assumptions underlying post-war economic policy. It traces these assumptions through the classic texts of Keynes and Beveridge, the architects of limited, non-socialist state intervention to secure the welfare state and full employment. Topics covered include: * 'Private saving' versus company pensions * The level and composition of employment in Britain

Crisis with US sub-prime mortgages, paralysis in global credit markets and the run on Northern Rock - all wake-up calls to the growing influence of finance and financial markets on the lives of ordinary people. Social scientists began debating financialization in the late 2000s much as they debated globalisation in the 1990s, and this important book prepares the way by allowing readers to (re)define financialization for themselves. The articles are grouped by discourse, covering not only inter-war liberal collectivism and current cultural economy, but also the agency theory of mainstream finance and political economy of various kinds. Helpful commentaries introduce each individual reading while section introductions analyze the assumptions, core propositions, achievements and limits in each distinct literature.This book will challenge readers to bring a new understanding to the financialization of present day capitalism. It is an invaluable resource for students and researchers from business and management, plus all the social sciences with interests in political and cultural economy.

What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be implemented to regulate them? What is the role played by different elites--financial, technocratic, and political--in the operation and regulation of the financial system? And what role should citizens, investors, and savers play?
These are some of the questions addressed in this challenging analysis of the particular features of the contemporary capitalist economy in Britain, the USA, and Western Europe. The authors argue that the causes of the financial crisis lay in the bricolage and innovation in financial markets, resulting in long chains and circuits of transactions and instruments that enabled bankers to earn fees, but which did not sufficiently take into account system risk, uncertainty, and unintended consequences.
In the wake of the crisis, the authors argue that social scientists, governments, and citizens need to re-engage with the political dimensions of financial markets. This book offers a controversial and accessible exploration of the disorders of our financial capitalism and its justifications. With an innovative emphasis on the economically 'undisclosed' and the political 'mystifying', it combines technical understanding of finance, cultural analysis, and al political account of interests and institutions.

This book, first published in 1983, offers a new explanation for the poor performance of British manufacturing since 1950. Rather than invoke orthodox economic theory or general social factors, the book analyses four national conditions - enterprise control over the labour process; market structure and the composition of demand; the relation of manufacturing enterprise to financial institutions like banks and stock exchanges; and the relation of manufacturing enterprise to government.

In this collection, innovative and eminent social and policy analysts, including Colin Crouch, Anna Coote, Grahame Thompson and Ted Benton, challenge the failing but still dominant ideology and policies of neo-liberalism. The editors synthesise contributors' ideas into a revised framework for social democracy; rooted in feminism, environmentalism, democratic equality and market accountability to civil society. This constructive and stimulating collection will be invaluable for those teaching, studying and campaigning for transformative political, economic and social policies.