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The rise of the institutionalist and evolutionary approaches in
economics has posed a serious intellectual challenge to the
dominant neo-classical paradigm. This book draws together leading
scholars in the fields of institutional and evolutionary economics
who apply cutting-edge research to one of the most controversial
issues of our day, namely, the role of the state.The authors offer
a sound methodological guide to the research in this fast-evolving
area of economics. They provide a firm theoretical foundation for
the role of the state and review the history of policy making. They
also use country studies to reinforce their approach, including the
role of the state in the Asian Crisis, the current debate on state
reform in Japan, public administration in Central and Eastern
Europe and the practice of state reform in Brazil. This book will
inspire readers to reassess their views on the role of the state
and state reform.
2017 marked the seventy-fifth anniversary of Schumpeter's
Capitalism, Socialism and Democracy, a work acknowledged as one of
the most insightful books written in the twentieth century. It
retains a contemporary quality, and still invites criticisms, new
interpretations, and extensions and across disciplines. This book,
in addition to re-examining Schumpeter's seminal work and
undertaking a twenty-first-century update of its main themes,
brings together leading social scientists to provide contemporary
amendments, extensions - or eventually refutations - of key
elements of Schumpeter's vision and thesis. Issues covered include
a new take on creative destruction, the contours of a theory of
innovative enterprise, finance and financialisation, a critique of
the secular stagnation thesis, Schumpeter's contributions to a
theory of the entrepreneurial state, his conception of socialism
and its current relevance for understanding the 'China model' as
well as a rekindling of his democracy thesis for our times.
Bringing together leading international contributors, this book
provides fresh perspectives on ideas that continue to be hugely
relevant to contemporary social sciences and a guide for
understanding the current tensions among capitalism, the state and
democracy. These chapters will be of interest to economists, social
scientists and anyone with an interest in modern capitalism.
2017 marked the seventy-fifth anniversary of Schumpeter's
Capitalism, Socialism and Democracy, a work acknowledged as one of
the most insightful books written in the twentieth century. It
retains a contemporary quality, and still invites criticisms, new
interpretations, and extensions and across disciplines. This book,
in addition to re-examining Schumpeter's seminal work and
undertaking a twenty-first-century update of its main themes,
brings together leading social scientists to provide contemporary
amendments, extensions - or eventually refutations - of key
elements of Schumpeter's vision and thesis. Issues covered include
a new take on creative destruction, the contours of a theory of
innovative enterprise, finance and financialisation, a critique of
the secular stagnation thesis, Schumpeter's contributions to a
theory of the entrepreneurial state, his conception of socialism
and its current relevance for understanding the 'China model' as
well as a rekindling of his democracy thesis for our times.
Bringing together leading international contributors, this book
provides fresh perspectives on ideas that continue to be hugely
relevant to contemporary social sciences and a guide for
understanding the current tensions among capitalism, the state and
democracy. These chapters will be of interest to economists, social
scientists and anyone with an interest in modern capitalism.
The 2008 global financial crisis took the world by surprise, not
least because politicians, businessmen and economists believed that
they had learned crucial lessons from the Great Depression of the
1930s. As a direct result of deregulated financial markets,
financial crises occurred in both developed and developing
economies. However, this volume argues that in the most recent
crisis developing countries suffered less, and that financial
policy and regulation played a crucial part in this. The
contributors to this volume explore the alternative development
paradigm that has been gaining credence since the Asian crisis,
known as new developmentalism. New developmentalism is embodied in
the following principles: exchange rate responsibility or growth
with domestic savings, fiscal responsibility, and the assignment of
a strategic role for the state. New developmentalism is a set of
values, ideas, institutions and economic policies through which, in
the early 21st century, developing countries have sought to catch
up with developed countries. This book examines the global
financial crisis, the financial regulatory problem, with particular
emphasis on Brazil, and the alternative policies that derive from
new developmentalism. This volume will be of interest to scholars
and policymakers working in the areas of globalization, financial
regulation and development studies.
The 2008 global financial crisis took the world by surprise, not
least because politicians, businessmen and economists believed that
they had learned crucial lessons from the Great Depression of the
1930s. As a direct result of deregulated financial markets,
financial crises occurred in both developed and developing
economies. However, this volume argues that in the most recent
crisis developing countries suffered less, and that financial
policy and regulation played a crucial part in this. The
contributors to this volume explore the alternative development
paradigm that has been gaining credence since the Asian crisis,
known as new developmentalism. New developmentalism is embodied in
the following principles: exchange rate responsibility or growth
with domestic savings, fiscal responsibility, and the assignment of
a strategic role for the state. New developmentalism is a set of
values, ideas, institutions and economic policies through which, in
the early 21st century, developing countries have sought to catch
up with developed countries. This book examines the global
financial crisis, the financial regulatory problem, with particular
emphasis on Brazil, and the alternative policies that derive from
new developmentalism. This volume will be of interest to scholars
and policymakers working in the areas of globalization, financial
regulation and development studies.
This book argues that the current international intellectual
property rights regime, led by the World Trade Organization (WTO),
has evolved over the past three decades toward overemphasizing
private interests and seriously hampering public interests in
access to knowledge and innovation diffusion. This approach
concentrates on tangible and codified knowledge creation and
diffusion in research and development (R&D) that can be
protected via patents and other intellectual property rules and
regulations. In terms of global policy initiatives, however, it is
becoming increasingly clear that the WTO in particular is mostly a
conflict-resolution facility rather than a global governance body
able to generate cooperation and steer international coordinated
policy action. At the same time, rent extraction and profits
streaming from legal hyperprotection have become pervasively
important for firm strategies to compete in a globalized
marketplace. "Knowledge Governance: Reasserting the Public
Interest" offers a novel approach - knowledge governance - in order
to move beyond the current regime.
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