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| political economy of modern capitalism: Political Economy of Modern Capitalism Colin Crouch, Wolfgang Streeck, 1997-10-10 Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world. |
| political economy of modern capitalism: Political Economy and the Rise of Capitalism David McNally, 2024-06-21 From the Introduction: This book challenges the conventional wisdom about classical political economy and the rise of capitalism. It is written in the conviction that modern interpretations of political economy have suffered terribly from acceptance of the prevailing liberal view of the origins and development of capitalist society. By the liberal account, capitalism emerged out of the centuries-old competitive activities of merchants and manufacturers in rational pursuit of their individual economic self-interest. Over time, this account claims, the persistent activity of these classes developed new forms of wealth and productive resources and new intellectual and cultural habits, which eroded the existing structure of society. The rise of capitalism is thus explained in terms of the rise to prominence of the most productive, rational, and progressive social groups—merchants and manufacturers. Not surprisingly, classical political economy came to be seen as an intellectual reflection of the ascendance of merchants and manufacturers and as a theoretical justification of their interests and activities. This book argues that capitalism was the product of an immense transformation in the social relationships of landed society and that this fact is crucial to understanding the development of classical political economy. Without a radical transformation of the agrarian economy, the activities of merchants and manufacturers would have remained strictly confined. By no inexorable logic of their own were mercantile and industrial activities capable of fundamentally transforming the essential relations of precapitalist society. Rather, the changes in agrarian economy, which drove rural producers from their land, forced them onto the labour market as wage labourers for their means of subsistence, and refashioned farming as an economic activity based upon the production of agricultural commodities for profit on the market, established the essential relations of modern capitalism. In what follows, these processes are described in terms of the emergence of agrarian capitalism. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1988. |
| political economy of modern capitalism: Re-Forming Capitalism Wolfgang Streeck, 2009 Wolfgang Streeck is a leading figure in comparative political economy and institutional theory. In this book he addresses some of the key arguments in these fields: the role of history in institutional analysis, the dynamics of slow institutional change, and the recurrent difficulties of restraining the effects of capitalism on social order. |
| political economy of modern capitalism: A Critical Political Economy of the Middle East and North Africa Joel Beinin, Bassam Haddad, Sherene Seikaly, 2020-12-22 This book offers the first critical engagement with the political economy of the Middle East and North Africa. Challenging conventional wisdom on the origins and contemporary dynamics of capitalism in the region, these cutting-edge essays demonstrate how critical political economy can illuminate both historical and contemporary dynamics of the region and contribute to wider political economy debates from the vantage point of the Middle East. Leading scholars, representing several disciplines, contribute both thematic and country-specific analyses. Their writings critically examine major issues in political economy—notably, the mutual constitution of states, markets, and classes; the co-constitution of class, race, gender, and other forms of identity; varying modes of capital accumulation and the legal, political, and cultural forms of their regulation; relations among local, national, and global forms of capital, class, and culture; technopolitics; the role of war in the constitution of states and classes; and practices and cultures of domination and resistance. Visit politicaleconomyproject.org for additional media and learning resources. |
| political economy of modern capitalism: Modern Political Economics Yanis Varoufakis, Joseph Halevi, Nicholas Theocarakis, 2012-03-29 Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash. |
| political economy of modern capitalism: Political Economy of Modern Capitalism Colin Crouch, Wolfgang Streeck, 1997 'Political Economy and Modern Capitalism' provides a practical and informed analysis of the public policy choices facing governments and business around the world. |
| political economy of modern capitalism: Political Economy and Global Capitalism Robert Albritton, Bob Jessop, Richard Westra, 2010 This volume brings together original and timely writings by internationally renowned scholars that reflect on the current trajectories of global capitalism and, in the light of these, consider likely, possible or desirable futures. It offers theory-informed writing that contextualizes empirical research on current world-historic events and trends with an eye towards realizing a future of human, social and economic betterment. |
| political economy of modern capitalism: The Value of Marx Alfredo Saad Filho, 2001-11-29 This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored. |
| political economy of modern capitalism: For a New Critique of Political Economy Bernard Stiegler, 2010-11 The catastrophic economic, social and political crisis of our time calls for a new and original critique of political economy - a rethinking of Marx's project in the very different conditions of twenty-first century capitalism. Stiegler argues that today the proletarian must be reconceptualized as the economic agent whose knowledge and memory are confiscated by machines. This new sense of the term ‘proletarian' is best understood by reference to Plato's critique of exteriorized memory. By bringing together Plato and Marx, Stiegler can show how a generalized proletarianization now encompasses not only the muscular system, as Marx saw it, but also the nervous system of the so-called creative workers in the information industries. The proletarians of the former are deprived of their practical know-how, whereas the latter are shorn of their theoretical practice, and both suffer from a confiscation of the very possibility of a genuine art of living. But the mechanisms at work in this new and accentuated form of proletarianization are the very mechanisms that may spur a reversal of the process. Such a reversal would imply a crucial distinction between one's life work, originating in otium (leisure devoted to the techniques of the self), and the job, consisting in a negotium (the negotiation and calculation, increasingly restricted to short-term expectations), leading to the necessity of a new conception of economic value. This short text offers an excellent introduction to Stiegler's work while at the same time representing a political call to arms in the face of a deepening economic and social crisis. |
| political economy of modern capitalism: Political Economy and Capitalism Maurice Dobb, 1972 |
| political economy of modern capitalism: The Theory of Monopoly Capitalism John Bellamy Foster, 2014-04 Absent any epoch making innovations like the automobile or vast new increases in military spending, the result was a general trend toward economic stagnation--a condition that persists, and is increasingly apparent, to this day. Their analysis was also extended to issues of imperialism, or accumulation on a world scale, overlapping with the path-breaking work of Samir Amin in particular. John Bellamy Foster is a leading exponent of this theoretical perspective today, continuing in the tradition of Baran and Sweezy's Monopoly Capital. This new edition of his essential work, The Theory of Monopoly Capitalism, is a clear and accessible explication of this outlook, brought up to the present, and incorporating an analysis of recently discovered lost chapters from Monopoly Capital and correspondence between Baran and Sweezy. |
| political economy of modern capitalism: Political Capitalism Randall G. Holcombe, 2018-07-19 Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest. |
| political economy of modern capitalism: Global Capitalism Jeffry A. Frieden, 2020-07-21 One of the most comprehensive histories of modern capitalism yet written. —Michael Hirsh, New York Times An authoritative, insightful, and highly readable history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the reader from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008. |
| political economy of modern capitalism: The Metaphysics of Capitalism Andrea Micocci, 2009-01-16 The objective of this book is to construct an individually emancipatory economic and political philosophy. This means a concrete-based, man-centered, non-hypostatizing, anti-dialectical approach to the apprehension of the material, i.e. nature in general. This constitutes an emancipation from culture-based understandings of reality, and in particular from the metaphysically biased type of culture represented by capitalism. The proposed philosophical emancipation means individual liberation from the logically flawed, massifying character of the dominant mode of thought of capitalist times. From these bases, the social sciences can also be reformulated. Micocci argues that capitalism can be conceptualized as a limited and limiting socialized mode of thought, an intellectuality whose dialectical features are effectively identified by using the proxy of political economy, both marxist and mainstream. Political economy in fact, being a most representative instance of dialectical thinking, mirrors the dialectical nature of capitalist economic and political relationships. According to Micocci, non-dialectical occurrences in capitalism are simply excluded from normal social, economic, and intellectual activities, which are performed in a metaphysical, intellectually isolated environment. In capitalism, therefore, the materials, the concrete, i.e. nature itself, is not considered as a whole but only as occasional instances. Micocci describes capitalism, in sum, as an intellectually constructed culture (a metaphysics) which preserves itself, and props itself up, by means of its iterative (market-like) functioning. |
| political economy of modern capitalism: The Critique of Digital Capitalism Michael Betancourt, 2015 Anything that can be automated, will be. The magic that digital technology has brought us - self-driving cars, Bitcoin, high frequency trading, the internet of things, social networking, mass surveillance, the 2009 housing bubble - has not been considered from an ideological perspective. The Critique of Digital Capitalism identifies how digital technology has captured contemporary society in a reification of capitalist priorities, and also describes digital capitalism as an ideologically invisible framework that is realized in technology. Written as a series of articles between 2003 and 2015, the book provides a broad critical scope for understanding the inherent demands of capitalist protocols for expansion without constraint (regardless of social, legal or ethical limits) that are increasingly being realized as autonomous systems that are no longer dependent on human labor or oversight and implemented without social discussion of their impacts. The digital illusion of infinite resources, infinite production, and no costs appears as an end to scarcity, whereby digital production supposedly eliminates costs and makes everything equally available to everyone. This fantasy of production without consumption hides the physical costs and real-world impacts of these technologies. The critique introduced in this book develops from basic questions about how digital technologies directly change the structure of society: why is Digital Rights Management not only the dominant solution for distributing digital information, but also the only option being considered? During the burst of the Housing Bubble burst 2009, why were the immaterial commodities being traded of primary concern, but the actual physical assets and the impacts on the people living in them generally ignored? How do surveillance (pervasive monitoring) and agnotology (culturally induced ignorance or doubt, particularly the publication of inaccurate or misleading scientific data) coincide as mutually reinforcing technologies of control and restraint? If technology makes the assumptions of its society manifest as instrumentality - then what ideology is being realized in the form of the digital computer? This final question animates the critical framework this analysis proposes. Digital capitalism is a dramatically new configuration of the historical dynamics of production, labor and consumption that results in a new variant of historical capitalism. This contemporary, globalized network of production and distribution depends on digital capitalism's refusal of established social restraints: existing laws are an impediment to the transcendent aspects of digital technology. Its utopian claims mask its authoritarian result: the superficial objectivity of computer systems are supposed to replace established protections with machinic function - the uniform imposition of whatever ideology informs the design. However, machines are never impartial: they reify the ideologies they are built to enact. The critical analysis of capitalist ideologies as they become digital is essential to challenging this process. Contesting their domination depends on theoretical analysis. This critique challenges received ideas about the relationship between labor, commodity production and value, in the process demonstrating how the historical Marxist analysis depends on assumptions that are no longer valid. This book therefore provides a unique, critical toolset for the analysis of digital capitalist hegemonics. |
| political economy of modern capitalism: Creating Modern Capitalism Thomas K. McCraw, 1997 This is the first book to explain for a broad audience the interconnections among technological innovation, management science, the power of entrepreneurship and national economic growth in countries like Britain, Japan and the United States. |
| political economy of modern capitalism: The Political Economy of Marx (2nd Edition) Michael Charles Howard, 1988-09 This edition of The political economy of Marx, Second edition is published by arrangement with Longman Group UK Limited--T.p. verso. |
| political economy of modern capitalism: Commercial Cosmopolitanism? Felicia Gottmann, 2021-03-30 This book showcases the wide variety of commercial cosmopolitan practices that arose from the global economic entanglements of the early modern period. Cosmopolitanism is not only a philosophical ideal: for many centuries it has also been an everyday practice across the globe. The early modern era saw hitherto unprecedented levels of economic interconnectedness. States, societies, and individuals reacted with a mixture of commercial idealism and commercial anxiety, seeking at once to exploit new opportunities for growth whilst limiting its disruptive effects. In highlighting the range of commercial cosmopolitan practices that grew out of early modern globalisation, the book demonstrates that it provided robust alternatives to the universalising western imperial model of the later period. Deploying a number of interdisciplinary methodologies, the kind of ‘methodological cosmopolitanism’ that Ulrich Beck has called for, chapters provide agency-centred evaluations of the risks and opportunities inherent in the ambiguous role of the cosmopolitan, who, often playing on and mobilising a number of identities, operated in between and outside of different established legal, social, and cultural systems. The book will be important reading for students and scholars working at the intersection of economic, global, and cultural history. |
| political economy of modern capitalism: Adam Smith and His Legacy for Modern Capitalism Patricia Hogue Werhane, 1991 This book reexamines Adam Smith's major works from a philosophical point of view. Werhane shows how Smith's three major works, The Theory of Moral Sentiments, Lectures on Jurisprudence, and The Wealth of Nations present a progressive and unified set of theses. This careful study attacks the caricature of Adam Smith as a radical individualist who argued that government should play no role in economic affairs, and that the market is autonomous and self-regulating. Werhane shows that Smith argues that human beings are not motivated merely by self-interest in economic affairs nor is the market an autonomous regulator. An economy functions adequately only when free economic actors act with prudence, when there is cooperation and coordination of competitive activities, and where competition is balanced in the context of a societal framework of justice. Werhane argues that a careful reading of Smith's major works show that it is justice, not self-interest or benevolence, that is the most basic virtue to Smith, and that a system of natural jurisprudence is necessary for a viable as well as an ideal political economy. |
| political economy of modern capitalism: Cognitive Capitalism Yann Moulier-Boutang, 2011 This book argues that we are undergoing a transition from industrial capitalism to a new form of capitalism - what the author calls & lsquo; cognitive capitalism & rsquo. |
| political economy of modern capitalism: Capitalism 4.0 Anatole Kaletsky, 2010-07 In early 2009, many economists, financiers, and media pundits were confidently predicting the end of the American-led capitalism that has shaped history and economics for the past 100 years. Yet the U.S. economic model, far from being discredited, may be strengthened by the financial crisis. In this provocative book, Anatole Kaletsky re-interprets the financial crisis as part of an evolutionary process inherent to the nature of democratic capitalism. Capitalism, he argues, is resilient. Its first form, Capitalism 1.0, was the classical laissez-faire capitalism that lasted from 1776 until 1930. Next was Capitalism 2.0, New Deal Keynesian social capitalism created in the 1930s and extinguished in the 1970s. Its last mutation, Reagan-Thatcher market fundamentalism, culminated in the financially-dominated globalization of the past decade and triggered the recession of 2009-10. The self-destruction of Capitalism 3.0 leaves the field open for the next phase of capitalisms evolution. Capitalism is likely to transform in the coming decades into something different both from the totally deregulated market fundamentalism of Reagan/Thatcher and from the Roosevelt-Kennedy era. This is Capitalism 4.0. |
| political economy of modern capitalism: Introduction to Political Economy, 9th Ed Geoff Schneider, Janet Knoedler, Charles Sackrey, 2022-12-15 |
| political economy of modern capitalism: Modern Capitalism and Other Essays Paul Marlor Sweezy, 1972 |
| political economy of modern capitalism: The Diversity of Modern Capitalism Bruno Amable, 2003-12-04 This book considers why institutional forms of modern capitalist economies differ internationally, and proposes a typology of capitalism based on the theory of institutional complementarity. Different economic models are not simply characterized by different institutional forms, but also by particular patterns of interaction between complementary institutions which are the core characteristics of these models. Institutions are not just simply devices which would be chosen by 'social engineers' in order to perform a function as efficiently as possible; they are the outcome of a political economy process. Therefore, institutional change should be envisaged not as a move towards a hypothetical 'one best way', but as a result of socio-political compromises. Based on a theory of institutions and comparative capitalism, the book proposes an analysis of the diversity of modern economies - from America to Korea - and identifies five different models: the market-based Anglo-Saxon model; Asian capitalism; the Continental European model; the social democratic economies; and the Mediterranean model. Each of these types of capitalism is characterized by specific institutional complementarities. The question of the stability of the Continental European model of capitalism has been open since the beginning of the 1990s: inferior macroeconomic performance compared to Anglo-Saxon economies, alleged unsustainability of its welfare systems, too rigid markets, etc. The book examines the institutional transformations that have taken place within Continental European economies and analyses the political project behind the attempts at transforming the Continental model. It argues that Continental European economies will most likely stay very different from the market-based economies, and caat political strategies promoting institutional change aiming at convergence with the Anglo-Saxon model are bound to meet considerable opposition. |
| political economy of modern capitalism: Creating Capitalism Patricia Dillon, Frank C. Wykoff, 2002-01-01 The authors examine the progress of six countries (Bulgaria, Czech Republic, Estonia, Hungary, Russia and Slovakia) in terms of each country's history and its successful application of the five reforms. Anyone interested in how capitalism works and why pro-market reforms encounter resistance in spite of their potential for generating higher living standards will find this book essential reading.--BOOK JACKET. |
| political economy of modern capitalism: Corn and Capitalism Arturo Warman, 2003-12-04 Exploring the history and importance of corn worldwide, Arturo Warman traces its development from a New World food of poor and despised peoples into a commodity that plays a major role in the modern global economy. The book, first published in Mexico in 1988, combines approaches from anthropology, social history, and political economy to tell the story of corn, a botanical bastard of unclear origins that cannot reseed itself and is instead dependent on agriculture for propagation. Beginning in the Americas, Warman depicts corn as colonizer. Disparaged by the conquistadors, this Native American staple was embraced by the destitute of the Old World. In time, corn spread across the globe as a prodigious food source for both humans and livestock. Warman also reveals corn's role in nourishing the African slave trade. Through the history of one plant with enormous economic importance, Warman investigates large-scale social and economic processes, looking at the role of foodstuffs in the competition between nations and the perpetuation of inequalities between rich and poor states in the world market. Praising corn's almost unlimited potential for future use as an intensified source of starch, sugar, and alcohol, Warman also comments on some of the problems he foresees for large-scale, technology-dependent monocrop agriculture. |
| political economy of modern capitalism: A People's Guide to Capitalism Hadas Thier, 2018-06-02 A lively, accessible, and timely guide to Marxist economics for those who want to understand and dismantle the world of the 1%. Economists regularly promote Capitalism as the greatest system ever to grace the planet. With the same breath, they implore us to leave the job of understanding the magical powers of the market to the “experts.” Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory. “Thier’s urgently needed book strips away jargon to make Marx’s essential work accessible to today’s diverse mass movements.” —Sarah Leonard, contributing editor to The Nation “A great book for proletarian chain-breaking.” —Rob Larson, author of Bit Tyrants: The Political Economy of Silicon Valley “Thier unpacks the mystery of capitalist inequality with lucid and accessible prose . . . . We will need books like A People’s Guide to help us make sense of the root causes of the financial crises that shape so many of our struggles today.” —Keeanga-Yamahtta Taylor, author of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership “Ranging from exploitation at work to the operations of modern finance, this book takes the reader through a fine-tuned introduction to Marx’s analysis of the modern economy . . . . Thier combines theoretical explanation with contemporary examples to illuminate the inner workings of capitalism . . . . Reminds us of the urgent need for alternatives to a crisis-ridden system.” —David McNally, author of Blood and Money |
| political economy of modern capitalism: Capitalism in Transformation Roland Atzmüller, Brigitte Aulenbacher, Ulrich Brand, Fabienne Décieux, Karin Fischer, Birgit Sauer, 2019 Presenting a profound and far-reaching analysis of economic, ecological, social, cultural and political developments of contemporary capitalism, this book draws on the work of Karl Polanyi, and re-reads it for our times. The renowned authors offer key insights to current changes in the relations between the economy, politics and society, and their ecological and social effects. |
| political economy of modern capitalism: Design after Capitalism Matthew Wizinsky, 2022-03-15 How design can transcend the logics, structures, and subjectivities of capitalism: a framework, theoretical grounding, and practical principles. The designed things, experiences, and symbols that we use to perceive, understand, and perform our everyday lives are much more than just props. They directly shape how we live. In Design after Capitalism, Matthew Wizinsky argues that the world of industrial capitalism that gave birth to modern design has been dramatically transformed. Design today needs to reorient itself toward deliberate transitions of everyday politics, social relations, and economies. Looking at design through the lens of political economy, Wizinsky calls for the field to transcend the logics, structures, and subjectivities of capitalism—to combine design entrepreneurship with social empowerment in order to facilitate new ways of producing those things, symbols, and experiences that make up everyday life. After analyzing the parallel histories of capitalism and design, Wizinsky offers some historical examples of anticapitalist, noncapitalist, and postcapitalist models of design practice. These range from the British Arts and Crafts movement of the nineteenth century to contemporary practices of growing furniture or biotextiles and automated forms of production. Drawing on insights from sociology, philosophy, economics, political science, history, environmental and sustainability studies, and critical theory—fields not usually seen as central to design—he lays out core principles for postcapitalist design; offers strategies for applying these principles to the three layers of project, practice, and discipline; and provides a set of practical guidelines for designers to use as a starting point. The work of postcapitalist design can start today, Wizinsky says—with the next project. |
| political economy of modern capitalism: The Oxford Handbook of Political Economy Barry R. Weingast, Donald Wittman, 2008-06-19 Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions. |
| political economy of modern capitalism: Market in State Yongnian Zheng, Yanjie Huang, 2018-09-06 Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles. |
| political economy of modern capitalism: Contemporary Capitalism J. Rogers Hollingsworth, Robert Boyer, 1997 This book argues that there is no single best institutional arrangement for organizing modern societies. Therefore, the market should not be considered the ideal and universal arrangement for coordinating economic activity. Instead, the editors argue, the economic institutions of capitalism exhibit a large variety of objectives and tools that complement each other and can not work in isolation. The various chapters of the book ask what logics and functions institutions follow and why they emerge, mature and persist in the forms they do. |
| political economy of modern capitalism: A Political Economy of Contemporary Capitalism and its Crisis Dimitris Sotiropoulos, John Milios, Spyros Lapatsioras, 2013-06-19 The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. This book analyses the ongoing financialization of the economy as a development within capitalism, and explores the ways in which it has changed the organization of capitalist power. The authors offer an interpretation of the role of the financial sphere which displays a striking contrast to the majority of contemporary heterodox approaches. Their interpretation stresses the crucial role of financial derivatives in the contemporary organization of capitalist power relations, arguing that the process of financialization is in fact entirely unthinkable in the absence of derivatives. The book also uses Marx’s concepts and some of the arguments developed in the framework of the historic Marxist controversies on economic crises in order to gain an insight into the modern neoliberal form of capitalism and the recent financial crisis. Employing a series of international case studies, this book will be essential reading for all those with an interest in the financial crisis, and all those seeking to comprehend the workings of capitalism. |
| political economy of modern capitalism: Political Economy, Concisely Anthony De Jasay, 2009 Anthony de Jasay is arguably one of the most independent thinkers and influential libertarian political philosophers of our time. Jasay challenges the reigning paradigms justifying modern democratic government, critiquing what he regards as the well-intentioned but illinformed arguments favoring the modern expansion of state power. The articles collected in Political Economy, Concisely are exactly what the title promises: a collection of concise essays that examine the political economy of a free society. Written for the general reader and specialist alike, these essays articulate a convincing classical liberal view of the world, with a no-nonsense approach to modern economic theory. Many of the articles are collected here for the first time in book form. Jasay's aim here is to clarify basic concepts in the realm of political and economic philosophy, such as property, equality and distributive justice, public goods, unemployment, opportunity costs, and welfare. His trenchant comments on European economics and political systems provide specifics that support his more general observations of the modern world. Arranged topically, these essays reflect the wit and intellectual elegance of their author, challenging conventional wisdom in a subtle yet incisive manner. Russian and French tragicomedies are used as striking illustrations of the fact that the human mind seems to be characteristically unwilling to endorse economic common sense against the myth of the beneficial effects of government control. Such lively topics as How to Get a Free Lunch: Just Apply for It; Your Dog Owns Your House; Russia Hobbling Along on Clay Feet; Who Minds the Gap? and Free Riding on the Euro both entertain and instruct. The topical arrangement within the sequence of the seven parts of the text provides a meaningful context for the reader and allows information to be accessed in a comprehensible manner. This book gives a jargon-free economic account of important matters in our daily lives. Its emphasis on the political rather than the ordinary business of life fills the need for revitalising classical political economy, concisely. |
| political economy of modern capitalism: The ABCs of Political Economy Robin Hahnel, 2002-11-20 'Lucidly written, comprehensive in coverage, based on expert understanding and insight.' --Noam Chomsky |
| political economy of modern capitalism: Freedom and Capitalism in Early Modern Europe Philipp Robinson Rössner, 2021-10-27 This book hinges upon ideas and discourses variously known under labels such as “Mercantilism” and “Cameralism”. Often viewed as antithesis of capitalism, inclusive institutions and good economy in the “West”, this book re-assembles them and builds them into a coherent origin story of modern capitalism. It explores the field of intellectual and conceptual history, especially the history of Renaissance and Mercantilism in a longer history of capitalism. Rather than hindrances, the author argues that Mercantilist and Cameralist political economies presented essential stepping stones of modern capitalism, in Britain and beyond. This book will be of interest to academics and students in general economic history, the history of capitalism, economic development and the history of economic thought. |
| political economy of modern capitalism: Historicizing Self-Interest in the Modern Atlantic World Taylor & Francis Group, 2021-03-16 This volume historicizes the use of the notion of self-interest that at least since Bernard de Mandeville and Adam Smith's theories is considered a central component of economic theory. Having in the twentieth century become one of the key-features of rational choice models, and thus is seen as an idealized trait of human behavior, self-interest has, despite Albert O. Hirschman's pivotal analysis of self-interest, only marginally been historicized. A historicization(s) of self-interest, however, offers new insights into the concept by asking why, when, for what reason and in which contexts the notion was discussed or referred to, how it was employed by contemporaries, and how the different usages developed and changed over time. This helps us to appreciate the various transformations in the perception of the notion, and also to explore how and in what ways different people at different times and in different regions reflected on or realized the act of considering what was in their best interest. The volume focuses on those different usages, knowledges, and practices concerned with self-interest in the modern Atlantic World from the seventeenth to twentieth centuries, by using different approaches, including political and economic theory, actuarial science, anthropology, or the history of emotions. Offering a new perspective on a key component of Western capitalism, this is the ideal resource for researches and scholars of intellectual, political and economic history in the modern Atlantic World. |
| political economy of modern capitalism: The Future of the Capitalist State Bob Jessop, 2003-01-07 In this important new book, Bob Jessop offers a radical new interpretation of capitalist states and their likely future development. He focuses on the changing forms, functions, scales and effectiveness of economic and social policy that have emerged since the 1950s in advanced western capitalist states. The postwar Keynesian welfare national state that developed in most advanced capitalist societies has long been regarded as being in crisis. Mounting tensions have been generated by technological change, globalization, and economic and political crises, and new social and political movements have also had a destabilizing impact. Jessop examines these factors in relation to the rise, consolidation and crisis of Atlantic Fordism and asks whether a new type of capitalist state that is currently emerging offers a solution. He notes that there are several difficulties still to be overcome before the new type of state is consolidated; in particular, he is critical of its neoliberal form and considers its main alternatives. This book will have broad cross-disciplinary appeal. It will be read by sociologists, political scientists, institutional economists, geographers and students of social policy. |
| political economy of modern capitalism: Introduction to Political Economy Charles Sackrey, Geoffrey Eugene Schneider, Janet T. Knoedler, 2010 |
| political economy of modern capitalism: Frontiers of Political Economy Guglielmo Carchedi, 1991 Transcending the arid formalism of present-day economic theory, Frontiers of Political Economy develops a new and accessible perspective on the world economy. Guglielmo Carchedi identifies and analyses three key features of modern capitalism: the rapidly increasing share of human labour needed for the advancement of science and technology rather than for the production of goods; the global, rather than national, nature of production, distribution and consumption; and the dominance of the oligopolies. This analysis enables Carchedi to explore new theoretical frontiers: from an original theory of mental and material labour to an investigation of the conditions under which mental labour produces value; from an assessment of the class structure of modern capitalism to an appraisal of the social content of science and technology; from an alternative account of crises, inflation and stagflation to a study of their relation to the destruction of value and to arms production. He also cast fresh light on a number of basic contemporary issues—including the present financial and monetary crisis—and surveys the most important recent controversies in language accessible to non-specialists. Rigorous and wide-ranging, but written with great lucidity, Frontiers of Political Economy is an essential book for both specialists and students in economics and politics. |
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On POLITICO Tech, Mississippi Gov. Tate Reeves joins host Steven Overly to discuss how his state is trying to seize the AI moment, from energy production to workforce training. Plus, they …
Politics - Wikipedia
Politics (from Ancient Greek πολιτικά (politiká) 'affairs of the cities') is the set of activities that are associated with making decisions in groups, or other forms of power relations among …
Politics | CNN Politics
Politics at CNN has news, opinion and analysis of American and global politics Find news and video about elections, the White House, the U.N and much more.
Politics: Latest & Breaking US Political News | AP News
Read breaking political news today from The Associated Press. Get the updates from AP News so you won't miss the latest in US political news.
Politics, Policy and Political News & Updates | Fox News
The latest breaking political news from Fox News. Check out all US politic news happening now. Read political stories and updates happening across the nation and in the world today.
POLITICAL Definition & Meaning - Merriam-Webster
The meaning of POLITICAL is of or relating to government, a government, or the conduct of government. How to use political in a sentence.
Politics: Latest news and headlines | NBC News
Find the latest political news stories, photos, and videos on NBCNews.com. Read breaking headlines covering Congress, Democrats, Republicans, and more.
Politics News: Political parties, election news, policies, and news ...
California Gov. Gavin Newsom has asked a federal judge to temporarily limit President Trump's use of National Guard troops and U.S. Marines. Defense Secretary Pete Hegseth on Thursday …
Politics - The Washington Post
4 days ago · Post Politics from The Washington Post is the source for political news headlines, in-depth politics coverage and political opinion, plus breaking news on the biden administration …
POLITICAL | English meaning - Cambridge Dictionary
Politics means the activities of the government or people who try to influence the way a country is governed. We use a singular verb with it: … Free trade is an ongoing political issue because it …
Politics, Policy, Political News - POLITICO
On POLITICO Tech, Mississippi Gov. Tate Reeves joins host Steven Overly to discuss how his state is trying to seize the AI moment, from energy production to workforce training. Plus, they …
Politics - Wikipedia
Politics (from Ancient Greek πολιτικά (politiká) 'affairs of the cities') is the set of activities that are associated with making decisions in groups, or other forms of power relations among …
Politics | CNN Politics
Politics at CNN has news, opinion and analysis of American and global politics Find news and video about elections, the White House, the U.N and much more.
Politics: Latest & Breaking US Political News | AP News
Read breaking political news today from The Associated Press. Get the updates from AP News so you won't miss the latest in US political news.
Politics, Policy and Political News & Updates | Fox News
The latest breaking political news from Fox News. Check out all US politic news happening now. Read political stories and updates happening across the nation and in the world today.
POLITICAL Definition & Meaning - Merriam-Webster
The meaning of POLITICAL is of or relating to government, a government, or the conduct of government. How to use political in a sentence.
Politics: Latest news and headlines | NBC News
Find the latest political news stories, photos, and videos on NBCNews.com. Read breaking headlines covering Congress, Democrats, Republicans, and more.
Politics News: Political parties, election news, policies, and news ...
California Gov. Gavin Newsom has asked a federal judge to temporarily limit President Trump's use of National Guard troops and U.S. Marines. Defense Secretary Pete Hegseth on Thursday …
Politics - The Washington Post
4 days ago · Post Politics from The Washington Post is the source for political news headlines, in-depth politics coverage and political opinion, plus breaking news on the biden administration …
POLITICAL | English meaning - Cambridge Dictionary
Politics means the activities of the government or people who try to influence the way a country is governed. We use a singular verb with it: … Free trade is an ongoing political issue because it …
