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| friedrich list's national system: The National System of Political Economy Friedrich List, 1904 |
| friedrich list's national system: National system of political economy Friedrich List, 1856 |
| friedrich list's national system: Friedrich List (1789-1846) Eugen Wendler, 2014-09-16 Friedrich List (1789-1846) was a prophet of social market economy, national economy and the infant-industry theory. In this comprehensive biography the international influence and reception of List’s theories is presented together with his extraordinary vita. List was a notable early advocate of economic integration of the many separate states of 19th century Germany. His basic theory is that of productive resources and the need to protect infant industries until they have matured enough to stand alone. He is recognized as a visionary economist with social responsibility and as an influential railway pioneer. He was a liberal and a democrat who promoted an extended representative democracy, including respect for human rights and civil liberties, to accompany industrial development. His highly influential main work “The National System of Political Economy” has been translated into many languages. Eugen Wendler, the renowned author and List expert, not only builds upon his many years of research, but also discusses several new sources. This richly illustrated book is as informative as it is well written. |
| friedrich list's national system: The Natural System of Political Economy Friedrich List, 2016-11-25 The importance of this book, translated for the first time in 1983, lies not so much in List’s advocacy of the fiscal policy of protection as in the relatively new doctrines that he put forward. He discussed stages of economic growth, ‘productive powers’ and the industrialisation of developing regions. List’s most fundamental teachings are fully developed in this book. |
| friedrich list's national system: The Economic Thought of Friedrich List Taylor & Francis Group, 2020-09-30 As the world grapples with increased globalization and technological change, Friedrich List's work appears more relevant than ever before. His theory of productive powers and his argument for protecting infant industries give us a valuable way of looking at innovation systems, winners and losers in international trade, and the current shift towards economic and political nationalism. Comprising fifteen specially commissioned chapters from a range of international scholars, this book explores many aspects of List's economic thought, including industrial development, political economy, the economics of education, infrastructure and catching-up processes in Asian economies. This volume will be illuminating reading for advanced students and researchers in the history of economic thought, economic history, economic policy and international trade. |
| friedrich list's national system: The National System of Political Economy - Imperium Press Friedrich List, 2022-03-04 Friedrich List is the father of economic nationalism and the historical school of economics. Responding to Adam Smith's free market apologetics, in The National System of Political Economy List provides a theoretical basis for state intervention in the economy. But he does much more than this-as part of a wider trend in European thought, List affirms the primacy of history in developing our worldview. The National System of Political Economy does not begin with theory, but with history. In so doing, List shows that England's rise as a commercial power was not facilitated by free markets but by protectionism, drawing his theory from historical fact rather than the other way around. List's avowed liberalism is overshadowed by his illiberal priors, and so the economic history of the 20th century was one of Listian principles being put to use by illiberal regimes such as Russia, China, and Germany. His thought also governed the economic policy of another developmental state for over a century-America. Smith and Marx formed the basis of 20th century economic theory. But Friedrich List stands as a colossus astride the 20th century, forming the basis of economic practice for all major powers until mid-century. In his introduction to this edition, Francis O'Beirne shows that the great economic clash has never been between capitalism and socialism, but between capitalism and nationalism, with Marxism a revolutionary force, but an economic irrelevancy. |
| friedrich list's national system: The National System of Political Economy Friedrich List, 2017-09-07 In The National System of Political Economy, List provides a critique of the ideas of Adam Smith and David Ricardo that continues to resonate with policy makers concerned with industrial policy and national economic development. List argues that in contrast with the stylized view of classical economics, real-world economies are organized along national lines and that policy makers can ignore this reality to their peril. The benefits from trade are conditional, rather than universal and the development of sophisticated industry requires carefully designed and sequentially planned state interventions. List provides an early recognition of the existence of distinct stages of economic development, and of the interplay between military power, industrial development and national prosperity. List's work had a formative influence on contemporary strands of thought such as institutional economics and 'national systems of innovation' perspectives and is considered an exemplary of work in the tradition of realist international political economy. |
| friedrich list's national system: Friedrich List as a Railway Pioneer in the USA Eugen Wendler, 2021-06-28 This book provides an impressive account of the pioneering technical achievements of the German economic theorist Friedrich List (1789-1846) during his exile in the USA. With the project planning and construction of the Little Schuylkill Railroad in Pennsylvania, List contributed significantly to the development of the coal deposits there and thus to the development of heavy industry in the USA. The exciting history of the founding of the railroad and List's involvement is illustrated by many photographic documents. The content– The American exile of Friedrich List (1825-1832)– Friedrich List and the indigenous American population– The importance of coal for the early industrialization– List`s railway project – the obstacles and first successes |
| friedrich list's national system: The Continental System Eli F. Heckscher, 2006-12-01 Working amidst the global economic turmoil of World War I and the blockade of his neutral homeland, Swedish economist and historian ELI FILIP HECKSCHER (1879-1952) produced this provocative and widely influential analysis of European commercial conflict from the late 17th century through the early 19th century: . What was the impact of the British blockade of France in the 1790s? . How did the national debt and credit system of Britain affect its monetary warfare? . What part did the British colonies in America and later the new United States play in the European economic conflict? . What was done with confiscated goods? . How did smuggling and corruption in the early 1800s change the balance of power? This interpretation of the centuries-long economic clash between Britain, France, and their allies, first published 1922, remains an intriguing work of history today. |
| friedrich list's national system: National Systems of Innovation Bengt-Åke Lundvall, 2010 'National Systems of Innovation' presents a new perspective on the dynamics of the national and the global economy. Its starting point is that the international competitiveness of nations is founded on innovation. Which role do different parts of the national system play in determining the long-term dynamics of the economy? What is happening to the coherence of national systems of innovation in an era characterised by far-reaching internationalisation and globalisation? These and other issues are addressed in this volume. Available for the first time in paperback, the book is an invaluable resource for scholars and policy-makers. |
| friedrich list's national system: The World of Economics John Eatwell, Murray Milgate, Peter Newman, 1991-05-13 What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from The New Palgrave: A Dictionary of Economics. It shows how economists deal with issues ranging from trade to taxation. |
| friedrich list's national system: National System of Political Economy Friedrich List, 2006-10-01 One of the most prominent economic philosophers of the 19th century, on a par with-but espousing quite different thinking than-Karl Marx and Adam Smith explores, in the three-volume National System of Political Economy, a reasoned doctrine of national and pan-national management of trade, a global collaboration between government and business. Volume 1 examines the pronounced influence of freedom prudently balanced with regulation in the economic histories of the nations of Europe and North America. A close reading of this 1841 classic is an absolute necessity for anyone who hopes to understand world economic history of the last 150 years. German economist and journalist FRIEDRICH LIST (1789-1846) served as professor of administration and politics at the University of T bingen, but was later jailed and later exiled to America for his political views. His is also the author of Outlines of American Political Economy (1827). |
| friedrich list's national system: Communism and Nationalism Roman Szporluk, 1988 This study examines the relationship between the two dominant ideologies which emerged in the 19th century: Karl Marx's communism and Friedrich List's theory of nationalism. List was the first economist to be studied seriously by Marx. |
| friedrich list's national system: National System of Political Economy - Volume 2: The Theory Friedrich List, 2006-10-01 One of the most prominent economic philosophers of the 19th century, on a par with-but espousing quite different thinking than-Karl Marx and Adam Smith explores, in the three-volume National System of Political Economy, a reasoned doctrine of national and pan-national management of trade, a global collaboration between government and business. In Volume 2, he delineates his theory of supportive interconnectedness, discussing everything from the value of the individual's ability to produce wealth to the edge established businesses have over new ones. A close reading of this 1841 classic is an absolute necessity for anyone who hopes to understand world economic history of the last 150 years. German economist and journalist FRIEDRICH LIST (1789-1846) served as professor of administration and politics at the University of T bingen, but was later jailed and later exiled to America for his political views. His is also the author of Outlines of American Political Economy (1827). |
| friedrich list's national system: The Road to Serfdom , 2015-12-26 Over Two Million Copies Sold The Road to Serfdom By Friedrich A. Hayek Condensed Edition The Road to Serfdom is a book written by the Austrian-born economist and philosopher Friedrich von Hayek (1899-1992) between 1940-1943, in which he [warns] of the danger of tyranny that inevitably results from government control of economic decision-making through central planning. He further argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator, and the serfdom of the individual. Significantly, Hayek challenged the general view among British academics that fascism (and National Socialism) was a capitalist reaction against socialism. He argued that fascism, National Socialism and socialism had common roots in central economic planning and empowering the state over the individual. Since its publication in 1944, The Road to Serfdom has been an influential and popular exposition of market libertarianism. It has sold over two million copies. The Road to Serfdom was to be the popular edition of the second volume of Hayek's treatise entitled The Abuse and Decline of Reason, and the title was inspired by the writings of the 19th century French classical liberal thinker Alexis de Tocqueville on the road to servitude. The book was first published in Britain by Routledge in March 1944, during World War II, and was quite popular, leading Hayek to call it that unobtainable book, also due in part to wartime paper rationing. It was published in the United States by the University of Chicago Press in September 1944 and achieved great popularity. At the arrangement of editor Max Eastman, the American magazine Reader's Digest published an abridged version in April 1945, enabling The Road to Serfdom to reach a wider popular audience beyond academics. The Road to Serfdom has had a significant impact on twentieth-century conservative and libertarian economic and political discourse, and is often cited today by commentators. |
| friedrich list's national system: Do Central Banks Serve the People? Peter Dietsch, François Claveau, Clément Fontan, 2018-08-16 Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works. |
| friedrich list's national system: Kicking Away the Ladder Ha-Joon Chang, 2002-07-01 How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used. |
| friedrich list's national system: Global Transformations David Held, 1999 In this book, the authors set forth a new model of globalization that lays claims to supersede existing models, and then use this model to assess the way the processes of globalization have operated in different historic periods in respect to political organization, military globalization, trade, finance, corporate productivity, migration, culture, and the environment. Each of these topics is covered in a chapter which contrasts the contemporary nature of globalization with that of earlier epochs. In mapping the shape and political consequences of globalization, the authors concentrate on six states in advanced capitalist societies (SIACS): the United States, the United Kingdom, Sweden, France, Germany, and Japan. For comparative purposes, other statesparticularly those with developing economicsare referred to and discussed where relevant. The book concludes by systematically describing and assessing contemporary globalization, and appraising the implications of globalization for the sovereignty and autonomy of SIACS. It also confronts directly the political fatalism that surrounds much discussion of globalization with a normative agenda that elaborates the possibilities for democratizing and civilizing the unfolding global transformation. |
| friedrich list's national system: Individualism and Economic Order F. A. Hayek, 2012-12-01 “These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt, Newsweek In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries. F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition. “There is much interesting and valuable material in this meaty . . . book which must ultimately help the world make up its mind on a vital issue: to plan or not to plan?” —S. E. Harris, The New York Times “Those who disagree with him cannot afford to ignore him . . . This is especially true of a book like the present one.” —George Soule, Nation |
| friedrich list's national system: States and Power Richard Lachmann, 2013-04-29 States over the past 500 years have become the dominant institutions on Earth, exercising vast and varied authority over the economic well-being, health, welfare, and very lives of their citizens. This concise and engaging book explains how power became centralized in states at the expense of the myriad of other polities that had battled one another over previous millennia. Richard Lachmann traces the contested and historically contingent struggles by which subjects began to see themselves as citizens of nations and came to associate their interests and identities with states, and explains why the civil rights and benefits they achieved, and the taxes and military service they in turn rendered to their nations, varied so much. Looking forward, Lachmann examines the future in store for states: will they gain or lose strength as they are buffeted by globalization, terrorism, economic crisis and environmental disaster? This stimulating book offers a comprehensive evaluation of the social science literature that addresses these issues and situates the state at the center of the world history of capitalism, nationalism and democracy. It will be essential reading for scholars and students across the social and political sciences. |
| friedrich list's national system: The National System of Political Economy Friedrich List, 2017-12-31 Friedrich List was one of the most prominent economic philosophers of the 19th century, on a par with-but espousing quite different thinking than-Karl Marx and Adam Smith. In the three-volume National System of Political Economy, he explores a reasoned doctrine of national and pan-national management of trade, a global collaboration between government and business. Presented here in one combined volume, List examines the pronounced influence of freedom prudently balanced with regulation in the economic histories of the nations of Europe and North America, delineates his theory of supportive interconnectedness, and explores the economic and political systems that nurture ascendant nations in their global sovereignty. A close reading of this 1841 classic is an absolute necessity for anyone who hopes to understand world economic history of the last 150 years. German economist and journalist FRIEDRICH LIST (1789-1846) served as professor of administration and politics at the University of T�bingen, but was jailed and later exiled to America for his political views. He is also the author of Outlines of American Political Economy |
| friedrich list's national system: Economic Nationalism and Globalization Henryk Szlajfer, 2012-09-03 In Economic Nationalism and Globalization: Lessons from Latin America and Central Europe Henryk Szlajfer offers, against the background of developments in Latin America (mainly Brazil) and Central Europe (mainly Poland) in times of first globalization from late 19th century until late 1930s, a reinterpretation of economic nationalism both as an analytical category and historical experience. Also, critically explored are attempts at proto-economic nationalism in early 19th century Poland and Latin America as well as links between economic nationalism and the emergence of integral political nationalism and authoritarianism. Economic nationalism is interpreted as historically significant world-wide phenomenon intimately linked with the birth, development and crisis of capitalist modernity and as a response to underdevelopment under first globalization. Continuity of economic nationalism under present globalization is suggested. |
| friedrich list's national system: LIFE OF FRIEDRICH LIST MARGARET E. HIRST, 2018 |
| friedrich list's national system: Harmonies of Political Economy Frédéric Bastiat, 1870 Harmonies of Political Economy The first ten chapters were all that appeared in the lifetime of the gifted author, or that had the benefit of his finishing touch. It was Bastiat’s intention, had he lived, to recast the work, and to give it a wider and more comprehensive scope; embracing in his design not only the principles of Political Economy, but their applications to Social Philosophy. Prior to his departure for Italy, on what he foresaw might be his last journey, he had communicated to his friends MM. de Fontenay and Paillottet a list of the new chapters in the order in which they will be found in the subjoined Notice of his Life.1 To the same friends, in his last moments, he entrusted the manuscripts intended for the continuation of the work. The duty thus committed to them they discharged very judiciously, by arranging the new portions in the order pointed out, without altering the text, and, except in a very few instances, without additions of their own, contenting themselves with adding some explanatory notes, consisting chiefly of references to the author’s other works. Some of the chapters thus added are unfortunately mere fragments, but most of the others indicate very clearly Bastiat’s opinions on the subjects to which they relate, and several of them display a breadth, a vigour, and an originality worthy of the best days of their lamented author. Many of the questions purely economical which are discussed in the posthumous portions of the work,—such, for instance, as those of Wages, Population, and the relations of Labour and Capital, etc.,—are still deeply engaging public attention in England, as well as on the other side of the Channel; and on subjects of such vast practical importance it is surely desirable that the opinions of so profound and fearless a thinker as Bastiat should be as widely disseminated as possible. |
| friedrich list's national system: Systems of Innovation Charles Edquist, 2013-01-11 The systems of innovation approach is considered by many to be a useful analytical approach for better understanding innovation processes as well as the production and distribution of knowledge in the economy. It is an appropriate framework for the empirical study of innovations in their contexts and is relevant for policy makers. This text is the result of the work within an international inter-disciplinary network or working seminar with the task of building a more solid and sophisticated conceptual and theoretical foundation for the continued study of innovations in a systemic context. The book has three parts. The first presents an overview and tries to work out some conceptual problems. In the second, the systems of innovation approach is related to innovation theory. Part three is devoted to increasing understanding of the functioning and dynamics of systems of innovation. There is also an introduction where the genesis and anatomy of different systems of innovation approaches are discussed and where the systems of innovation approach is characterized in nine dimensions. |
| friedrich list's national system: The Hamilton Phenomenon Chloe Northrop, 2022-07-05 'The Hamilton Phenomenon' brings together a diverse group of scholars including university professors and librarians, educators at community colleges, Ph.D. candidates and independent scholars, in an exploration of the celebrated Broadway hit. When Lin-Manuel Miranda’s musical sensation erupted onto Broadway in 2015, scholars were underprepared for the impact the theatrical experience would have. Miranda’s use of rap, hip-hop, jazz, and Broadway show tunes provides the basis for this whirlwind showcase of America’s past through a reinterpretation of eighteenth-century history. Bound together by their shared interest in 'Hamilton: an American Musical', the authors in this volume diverge from a common touchstone to uncover the unique moment presented by this phenomenon. The two parts of this book feature different emerging themes, ranging from the meaning of the musical on stage, to how the musical is impacting pedagogy and teaching in the 21st century. The first part places Hamilton in the history of theatrical performances of the American Revolution, compares it with other musicals, and fleshes out the significance of postcolonial studies within theatrical performances. Esteemed scholars and educators provide the basis for the second part with insights on the efficacy, benefits, and pitfalls of teaching using Hamilton. Although other scholarly works have debated the historical accuracy of Hamilton, 'The Hamilton Phenomenon' benefits from more distance from the release of the musical, as well as the dissemination of the hit through traveling productions and the summer 2020 release on Disney+. Through critically engaging with Hamilton these authors unfold new insights on early American history, pedagogy, costume, race in theatrical performances, and the role of theatre in crafting interest in history. |
| friedrich list's national system: Economic Anthropology Chris Hann, Keith Hart, 2018-06-11 This book is a new introduction to the history and practice of economic anthropology by two leading authors in the field. They show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and one-world capitalism. In doing so, they connect economic anthropology to its roots in Western philosophy, social theory and world history. Up to the Second World War anthropologists tried and failed to interest economists in their exotic findings. They then launched a vigorous debate over whether an approach taken from economics was appropriate to the study of non-industrial economies. Since the 1970s, they have developed a critique of capitalism based on studying it at home as well as abroad. The authors aim to rejuvenate economic anthropology as a humanistic project at a time when the global financial crisis has undermined confidence in free market economics. They argue for the continued relevance of predecessors such as Marcel Mauss and Karl Polanyi, while offering an incisive review of recent work in this field. Economic Anthropology is an excellent introduction for social science students at all levels, and it presents general readers with a challenging perspective on the world economy today. Selected by Choice as a 2013 Outstanding Academic Title |
| friedrich list's national system: Criticisms of Classical Political Economy Gilles Campagnolo, 2012-08-06 The role of the German Historical School and of Carl Menger (founder of the Austrian School) is appraised in this new book. This important period of the history of economics is vital to understand how the discipline developed over the next half-century. Gilles Campagnolo has produced an impressive original work which makes use of rarely seen research by Carl Menger and as such this book will be of interest across several discplines, including history of economic thought, economic methodology, philosophy of science and the history of ideas. |
| friedrich list's national system: The Theoretical Evolution of International Political Economy George T. Crane, Abla Amawi, 1997 This collection of classic and contemporary readings charts the historical and theoretical evolution of the field. This is a valuable resource for students and teachers of international relations and international economics. |
| friedrich list's national system: The Nationalist Dilemma Marvin Suesse, 2023-05-11 Analyses economic nationalism as a set of ideas and policies that have shaped the modern world economy over the past 250 years. |
| friedrich list's national system: The Learning Economy and the Economics of Hope Bengt-Åke Lundvall, 2016-12-01 ‘The Learning Economy and the Economics of Hope’ brings together contributions by an expert on policies, management and economics of innovation and knowledge. It offers original insights in processes of innovation and learning and it draws implications for economic theory and public policy. It introduces the reader to important concepts such as innovation systems and the learning economy. It throws a new light on economic development and opens up for a new kind of economics – the economics of hope. It offers a fresh perspective on many of the most important global challenges of today showing how full attention to the characteristics of the learning economy needs to be combined with innovation in global governance if we want to be able to handle these challenges. ‘The Learning Economy and the Economics of Hope’ presents work published between 1985 and 1992 and introduces the core concepts innovation as an interactive process. The analysis demonstrates that new technology is developed in an interaction between individuals and organisations and that innovation would not thrive in an economy similar to textbook models of pure markets and perfect competition. It also presents articles that were published between 2004 and 2010. These may be seen as further developments and evidence-based consolidation of ideas that were presented more than ten years earlier. It presents the learning economy through the perspective of the economics of knowledge. The concluding part of the book includes three papers that make use of the conceptual frameworks developed in an analysis of China’s innovation system and policy, Europe’s crisis and Africa’s underdevelopment. |
| friedrich list's national system: Economic Freedom of the World, 1975-1995 James D. Gwartney, Robert Lawson, Walter Block, 1996 Derives an indicator for economic freedom based on personal choice, protection of private property, and freedom of exchange. Considers levels and trends in economic freedom, and their correlation with economic growth in 103 countries. |
| friedrich list's national system: The Mercantile System and Its Historical Significance, Illustrated Chiefly from Prussian History Gustav von Schmoller, 1895 |
| friedrich list's national system: The Zollverein William Otto Henderson, 2019-05-23 Published in 1959: This book is the only detailed study of the origin of the German customs union and its history up to the establishment of the united Reich in 1871. It is based on the author's researches in the Public Record Office and in the archives as Berlin and Vienna and takes full account of the numerous monographs by German Scholars on various aspects of Zollverein history. |
| friedrich list's national system: The Economic System Eleanor Doyle, 2005-05-06 The Economic System provides an accessible account of introductory economics theory that allows students more fully to appreciate the main features and complexity of the Economic System by integrating microeconomic and macroeconomic principles on a topic-by-topic basis. The purpose of the approach is to allow the student to understand the economy as a system of complex and inter-related features incorporating: consumers, producers, markets and governments based on an understanding of the roles of prices and markets and exchange. This structure provides a context whereby students understand that to analyse issues from an economic perspective often requires the use of both micro- and macroeconomic tools and an appreciation of the interrelationships that exist between them. An explicit aim in the book is to clarify how models and concepts in economics are useful as tools that support rigorous, methodical and logical analysis and not simply useful to solve mathematical puzzles by providing one correct answer. |
| friedrich list's national system: The Big Three in Economics Mark Skousen, 2007 History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. The Big Three in Economics traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. |
| friedrich list's national system: Comparative Political Economy Georg Menz, 2017 A genealogy of the field from Adam smith to the mid-twentieth century -- Contemporary CPE : the turn towards comparative capitalisms and the relationship with IPE -- Varieties of capitalism and the next steps beyond -- Labour markets and their regulation : industrial relations and the organization of business and labour -- Models of finance and corporate governance and their implications -- The political economy of debt -- Welfare state models : taming the market? -- The state as an actor : not a neutral umpire -- Conclusion : future directions for comparative political economy |
| friedrich list's national system: The National System of Political Economy Friedrich List, 2017-09-02 Friedrich List's daring economic thesis, which challenges the prevailing theories of Adam Smith and David Ricardo, comprises of four books and appendixes, all of which are contained in this volume. One of the first challenges to the orthodoxy of unfettered free trade, this book undertakes a comparison between the economies of the United States and Germany - who used protectionism - and the economy of Great Britain, which was broadly aligned to free trade. List demonstrates that the unbridled free trade acts to foster inequality and lopsided development; in the case of the British Empire, the colonized lands benefit far less than the colonizers. Domestic industry in Britain during the 19th century was characterized by extreme poverty of the workers; a dire situation which would eventually spur the creation of trade unions. List notices that living standards in Germany and the USA during the 19th century consistently rose. In other nations the correlation between tariffs and protectionism, and general living standards for the wider populace, are established. While tariffs on foreign goods were incrementally imposed, the resulting taxes were reinvested into the domestic economy; industry and public infrastructure were improved, and standards for labor were higher, than those in the laissez-faire economy of Great Britain. A stark opponent of unbridled capitalism, List instead favors a system whereby the state and the business economy work together to create decent conditions for all. He strongly believed that nations had a duty to look after their citizens, create an identity, promote industrial growth and prowess, and regulate both capital and labor to beneficent ends. This is contrasted with free markets, wherein the state's role is minimal and the consequences are shown to be mass exploitation and poverty. List's body of work, while having faded from view somewhat in the modern day, forms an important milestone in economics. They represent the first major departure from laissez-faire system, and their criticisms of unregulated markets still ring true in the modern day. Although marginalized both during and after his lifetime, and scarcely present in many modern economics courses, Friedrich List's writings were a valuable addition to the discourse. The translation of the text to English is by Sampson S. Lloyd, a British politician in the late-19th century who agreed with the arguments List presented. |
| friedrich list's national system: The Economic Thought of Friedrich List Harald Hagemann, Stephan Seiter, Eugen Wendler, 2018-11-08 As the world grapples with increased globalization and technological change, Friedrich List’s work appears more relevant than ever before. His theory of productive powers and his argument for protecting infant industries give us a valuable way of looking at innovation systems, winners and losers in international trade, and the current shift towards economic and political nationalism. Comprising fifteen specially commissioned chapters from a range of international scholars, this book explores many aspects of List’s economic thought, including industrial development, political economy, the economics of education, infrastructure and catching-up processes in Asian economies. This volume will be illuminating reading for advanced students and researchers in the history of economic thought, economic history, economic policy and international trade. |
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