Beyond Free Markets

Beyond Free Markets PDF Author: Marc Levinson
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Book Description

Beyond Free Markets

Beyond Free Markets PDF Author: Marc Levinson
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

Get Book Here

Book Description


Free Markets and Social Justice

Free Markets and Social Justice PDF Author: Cass R. Sunstein
Publisher: Oxford University Press
ISBN: 0195356179
Category : Political Science
Languages : en
Pages : 416

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Book Description
The newest work from one of the most preeminent voices writing in the legal/political arena today, this important book presents a new conception of the relationship between free markets and social justice. The work begins with foundations--the appropriate role of existing "preferences," the importance of social norms, the question whether human goods are commensurable, and issues of distributional equity. Continuing with rights, the work shows that markets have only a partial but instrumental role in the protection of rights. The book concludes with a discussion on regulation, developing approaches that would promote both economic and democratic goals, especially in the context of risks to life and health. Free Markets and Social Justice develops seven basic themes during its discussion: the myth of laissez-faire; preference formation and social norms; the contextual character of choice; the importance of fair distribution; the diversity of human goods; how law can shape preferences; and the puzzles of human rationality. As the latest word from an internationally-renowned writer, this work will raise a number of important questions about economic analysis of law in its conventional form.

Beyond Politics

Beyond Politics PDF Author: William Mitchell
Publisher: Taylor & Francis
ISBN: 0429700474
Category : Political Science
Languages : en
Pages : 255

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Book Description
Traditional public policy and welfare economics have held that market failures are common, requiring the intervention of government in order to serve and protect the public good. In Beyond Politics, William C. Mitchell and Randy T. Simmons carefully scrutinize this traditional view through the modern theory of public choice. The authors enlighten the relationship of government and markets by emphasizing the actual rather than the ideal workings of governments and by reuniting the insights of economics with those of political science. Beyond Politics traces the anatomy of government failure and a pathology of contemporary political institutions as government has become a vehicle for private gain at public expense. In so doing, this brisk and vigorous book examines a host of public issues, including social welfare, consumer protection, and the environment. Offering a unified and powerful perspective on the market process, property rights, politics, contracts, and government bureaucracy, Beyond Politics is a lucid and comprehensive book on the foundations and institutions of a free and humane society.

Free Markets and Social Justice

Free Markets and Social Justice PDF Author: Cass R. Sunstein
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 424

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Book Description
We are in the midst of a worldwide debate over whether there should be "more" or "less" government. As enthusiasm for free markets mounts - in both former Communist nations and in Western countries such as England and the United States - is it productive to attempt to solve problems through this "more/less" dichotomy? Written by one of the preeminent voices in the legal/political arena today, this ground-breaking book moves beyond the "more/less" question by presenting a new conception of the relationship between free markets and social justice. Instead of asking whether there should be more or less regulation, Cass R. Sunstein asks readers to consider what kinds of regulations promote human well-being in different contexts. He develops seven basic themes, involving the myth of laissez-faire, the importance of fair distribution, the puzzle of human rationality, the diversity of human goods, the role of social norms in forming people's preferences, the contextual character of choice, and the effects of law on human desires. As the latest word from an internationally renowned writer, Free Markets and Social Justice suggests a new way of understanding the role of the economic marketplace in a democratic society.

Capital Markets Union and Beyond

Capital Markets Union and Beyond PDF Author: Franklin Allen
Publisher: MIT Press
ISBN: 0262042762
Category : Business & Economics
Languages : en
Pages : 391

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Book Description
Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe. The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)—a single market for capital in the entire Eurozone. The need for citizens and firms of all European countries to have access to funding, together with the pressure to improve the efficiency and risk-sharing opportunities of the financial system in general, put the CMU among the top priorities on the Eurozone's agenda. In this volume, leading academics in economics, finance, and law, along with policy makers and practitioners, discuss the design and implementation of a future CMU. Contributors describe the key design challenges of the CMU; specific opportunities and obstacles for reaching the CMU's goals of increasing the economic well-being of households and the profitability and viability of firms; the role that markets—from the latest fintech developments to traditional equity markets—can play in the future success of CMU; and the institutional framework needed for CMU in the aftermath of the global recession. Contributors Sumit Agarwal, Franklin Allen, Valentina Allotti, Gene Amromin, John Armour, Geert Bekaert, Itzhak Ben-David, Marcello Bianchi, Lorenzo Bini-Smaghi, Claudio Borio, Franziska Bremus, Marina Brogi, Claudia M. Buch, Giacomo Calzolari, Souphala Chomsisengphet, Luca Enriques, Douglas D. Evanoff, Ester Faia, Eilis Ferran, Jeffrey N. Gordon, Michael Haliassos, Campbell R. Harvey, Kathryn Judge, Suzanne Kalss, Valentina Lagasio, Katya Langenbucher, Christian T. Lundblad, Massimo Marchesi, Alexander Michaelides, Stefano Micossi, Emanuel Moench, Mario Nava, Giorgio Barba Navaretti, Giovanna Nicodano, Gianmarco Ottaviano, Marco Pagano, Monica Paiella, Lubos Pastor, Alain Pietrancosta, Richard Portes, Alberto Franco Pozzolo, Stephan Siegel, Wolfe-Georg Ringe, Diego Valiante

Beyond Mechanical Markets

Beyond Mechanical Markets PDF Author: Roman Frydman
Publisher: Princeton University Press
ISBN: 1400838185
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
A powerful challenge to contemporary economics and a new agenda for global finance In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption—that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets, Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and what role government can and can't play. The financial crisis, Frydman and Goldberg argue, was made more likely, if not inevitable, by contemporary economic theory, yet its core tenets remain unchanged today. In response, the authors show how imperfect knowledge economics, an approach they pioneered, provides a better understanding of markets and the financial crisis. Frydman and Goldberg deliver a withering critique of the widely accepted view that the boom in equity prices that ended in 2007 was a bubble fueled by herd psychology. They argue, instead, that price swings are driven by individuals' ever-imperfect interpretations of the significance of economic fundamentals for future prices and risk. Because swings are at the heart of a dynamic economy, reforms should aim only to curb their excesses. Showing why we are being dangerously led astray by thinking of markets as predictably rational or irrational, Beyond Mechanical Markets presents a powerful challenge to conventional economic wisdom that we can't afford to ignore.

Strategy Beyond Markets

Strategy Beyond Markets PDF Author: John M. de Figueiredo
Publisher: Emerald Group Publishing
ISBN: 178635019X
Category : Business & Economics
Languages : en
Pages : 539

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Book Description
Strategy Beyond Markets is organized around three themes: Public Politics, Private Politics, and Integrated Political Strategy. The book explores the way these strategies influence political environments, firms and corporations.

Free Markets and the Culture of Common Good

Free Markets and the Culture of Common Good PDF Author: Martin Schlag
Publisher: Springer Science & Business Media
ISBN: 9400729901
Category : Philosophy
Languages : en
Pages : 260

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Book Description
Recent economic development and the financial and economic crisis require a change in our approach to business and finance. This book combines theology, economy and philosophy in order to examine in detail the idea that the functioning of a free market economy depends upon sound cultural and ethical foundations. The free market is a cultural achievement, not only an economic phenomenon subject to technical rules of trade and exchange. It is an achievement which lives by and depends upon the values and virtues shared by the majority of those who engage in economic activity. It is these values and virtues that we refer to as culture. Trust, credibility, loyalty, diligence, and entrepreneurship are the values inherent in commercial rules and law. But beyond law, there is also the need for ethical convictions and for global solidarity with developing countries. This book offers new ideas for future sustainable development and responds to an increasing need for a new sense of responsibility for the common good in societal institutions and good leadership.

The Myth of the Free Market

The Myth of the Free Market PDF Author: Mark Anthony Martinez
Publisher: Kumarian Press
ISBN: 1565492676
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
* Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies * Shows how capitalist economies developed and why the state matters in their functioning Free market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing resources and economic growth, they say, are better left to the invisible hand of the marketplace. These notions now seem tragically misguided in the wake of the 2008 market collapse and bailout. Mark Martinez describes how the flawed myth of the "invisible hand" distorted our understanding of how modern capitalist markets developed and actually work. Martinez draws from history to illustrate that political processes and the state are not only instrumental in making capitalist markets work but that there would be no capitalist markets or wealth creation without state intervention. He brings his story up to the present day to show how the seeds of an unprecedented government intervention in the financial markets were sown in past actions. The Myth of the Free Market is a fascinating and accessible introduction to comparative economic systems as well as an incisive refutation of the standard mantras of neoclassical free market economic theory.

Freedom From the Market

Freedom From the Market PDF Author: Mike Konczal
Publisher: The New Press
ISBN: 1620975386
Category : Social Science
Languages : en
Pages : 258

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Book Description
The progressive economics writer redefines the national conversation about American freedom “Mike Konczal [is] one of our most powerful advocates of financial reform‚ [a] heroic critic of austerity‚ and a huge resource for progressives.”—Paul Krugman Health insurance, student loan debt, retirement security, child care, work-life balance, access to home ownership—these are the issues driving America’s current political debates. And they are all linked, as this brilliant and timely book reveals, by a single question: should we allow the free market to determine our lives? In the tradition of Naomi Klein’s The Shock Doctrine, noted economic commentator Mike Konczal answers this question with a resounding no. Freedom from the Market blends passionate political argument and a bold new take on American history to reveal that, from the earliest days of the republic, Americans have defined freedom as what we keep free from the control of the market. With chapters on the history of the Homestead Act and land ownership, the eight-hour work day and free time, social insurance and Social Security, World War II day cares, Medicare and desegregation, free public colleges, intellectual property, and the public corporation, Konczal shows how citizens have fought to ensure that everyone has access to the conditions that make us free. At a time when millions of Americans—and more and more politicians—are questioning the unregulated free market, Freedom from the Market offers a new narrative, and new intellectual ammunition, for the fight that lies ahead.