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Author: Robert H. Bates
Publisher: Cambridge University Press
ISBN: 9780521852692
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, first published in 2005, Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and mounts a prescient critique of the neo-classical turn in development economics. Attributing Kenya's exceptionalism to its economic institutions, this book pioneers the use of 'new institutionalism' in the field of development. In doing so, however, the author accuses the approach of being apolitical. Institutions introduce power into economic life. To account for their impact, economic analysis must therefore be complemented by political analysis; micro-economics must be imbedded in political science. In making this argument, Bates relates Kenya's subsequent economic decline to the change from the Kenyatta to the Moi regime and the subsequent use of the power of economic institutions to redistribute rather than to create wealth.
Author: Robert H. Bates
Publisher: Cambridge University Press
ISBN: 9780521852692
Category : Business & Economics
Languages : en
Pages : 238
Get Book Here
Book Description
As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, first published in 2005, Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and mounts a prescient critique of the neo-classical turn in development economics. Attributing Kenya's exceptionalism to its economic institutions, this book pioneers the use of 'new institutionalism' in the field of development. In doing so, however, the author accuses the approach of being apolitical. Institutions introduce power into economic life. To account for their impact, economic analysis must therefore be complemented by political analysis; micro-economics must be imbedded in political science. In making this argument, Bates relates Kenya's subsequent economic decline to the change from the Kenyatta to the Moi regime and the subsequent use of the power of economic institutions to redistribute rather than to create wealth.
Author: Jens Beckert
Publisher: Princeton University Press
ISBN: 140082544X
Category : Social Science
Languages : en
Pages : 377
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Book Description
Beyond the Market launches a sociological investigation into economic efficiency. Prevailing economic theory, which explains efficiency using formalized rational choice models, often simplifies human behavior to the point of distortion. Jens Beckert finds such theory to be particularly weak in explaining such crucial forms of economic behavior as cooperation, innovation, and action under conditions of uncertainty--phenomena he identifies as the proper starting point for a sociology of economic action. Beckert levels an enlightened critique at neoclassical economics, arguing that understanding efficiency requires looking well beyond the market to the social, cultural, political, and cognitive factors that influence the coordination of economic action. Beckert searches social theory for the components of an alternative theory of action, one that accounts for the social embedding of economic behavior. In Durkheim and Parsons he finds especially useful approaches to cooperation; in Luhmann, a way to understand how people act under highly contingent conditions; and in Giddens, an understanding of creative action and innovation. Together, these provide building blocks for a research program that will yield a theoretically sophisticated understanding of how economic processes are coordinated and the ways that markets are embedded in social, cultural, and cognitive structures. Containing one of the most fully informed critiques of the neoclassical analysis of economic efficiency--as well as one of the most thoughtful blueprints for economic sociology--this book reclaims for sociology the study of one of the most important arenas of human action.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309093198
Category : Political Science
Languages : en
Pages : 225
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Book Description
The national income and product accounts that underlie gross domestic product (GDP), together with other key economic dataâ€"price and employment statisticsâ€" are widely used as indicators of how well the nation is doing. GDP, however, is focused on the production of goods and services sold in markets and reveals relatively little about important production in the home and other areas outside of markets. A set of satellite accountsâ€"in areas such as health, education, volunteer and home production, and environmental improvement or pollutionâ€"would contribute to a better understanding of major issues related to economic growth and societal well-being. Beyond the Market: Designing Nonmarket Accounts for the United States hopes to encourage social scientists to make further efforts and contributions in the analysis of nonmarket activities and in corresponding data collection and accounting systems. The book illustrates new data sources and new ideas that have improved the prospects for progress.
Author: Vijay Singal
Publisher: Financial Management Association Survey and Synthesis Series
ISBN: 0195304225
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
In an efficient market, all stocks should be valued at a price that is consistent with available information. But as financial expert Singal points out, there are circumstances under which certain stocks sell at a price higher or lower than the right price. Here he discusses ten such anomalous prices and shows how investors might--or might not--be able to exploit these situations for profit.
Author: Chris Zook
Publisher: Harvard Business Press
ISBN: 1578519519
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
This work shows executives how to grow profitably by finding and focusing on their core business. It shows how they can increase the odds of successful expansion once their core business no longer provides sufficient new growth.
Author: Mark Douglas
Publisher: Penguin
ISBN: 1440625417
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.
Author: Federico Savini
Publisher: Routledge
ISBN: 1000584046
Category : Architecture
Languages : en
Pages : 246
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Book Description
This book draws on a wide range of conceptual and empirical materials to identify and examine planning and policy approaches that move beyond the imperative of perpetual economic growth. It sketches out a path towards planning theories and practices that can break the cyclical process of urban expansion, crises, and recovery that negatively affect ecosystems and human lives. To reduce the dramatic social and environmental impact of urbanization, this book offers both a critique of growth-led urban development and a prefiguration of ecologically regenerative and socially just ways of organizing cities and regions. It uncovers emerging possibilities for post-growth planning in the fields of collective housing, mobility, urban commoning, ecological land-use, urban–rural symbiosis, and alternative planning worldviews. It provides a toolkit of concepts and real-life examples for urban scholars, urbanists, activists, architects, and designers seeking to make cities prosper within planetary boundaries. This book speaks to both experts and beginners in post-growth thinking. It concludes with a manifesto and glossary of key terms for urban scholars, students, and practitioners.
Author: Krzysztof Pelc
Publisher: Oxford University Press
ISBN: 0197620930
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
A provocative retelling of the workings of self-interest in contemporary market society, which claims the world increasingly belongs to passionates, obsessives, and fanatics: those who do things for their own sake, rather than as means to other ends. In our capitalist market society, we have come to accept that the way to get ahead is through strong will, grit, and naked ambition. This belief has served us well: it has contributed to making our affluent societies affluent. But does the premise still hold? As Krzysztof Pelc argues in Beyond Self-Interest, this default assumption no longer captures reality. There is a limit to the returns of calculation, planning, and resolve, and in a growing number of settings, this limit has been reached. The true idols of market society, he contends, are those who disavow their self-interest, or at least appear to do so: eco-conscious entrepreneurs, media moguls with a mission, and modern-day artisans catering to a well-educated and ever more socially conscious population of consumers. Increasingly, those who prosper do so by spurning prosperity, or by convincing others that they are instead pursuing purpose, passion, love of craft-anything but their own self-advancement. This is the paradox of intention, and it is increasingly defining our lives. Pelc tells the story of this paradox from its unlikely emergence among a group of British thinkers in the early 19th century to its development over the next two centuries, as it was successively picked up by philosophers, novelists, social scientists, and, ultimately, capitalists themselves. All of whom arrived at a common realization: the appearance of disinterest pays, but only if it is believable-which presents the self-interested among us with a tricky problem. Drawing on three centuries of thought about commercial society and the people living in it, this richly researched account of the cycles of capitalism does not naively suggest that we should reject the market. Rather, it calls on us to treat economic growth once more as its earliest theorists did: as a formidable tool of human development, instead of an end in itself.
Author: Matthew Watson
Publisher: Economy Key Ideas
ISBN: 9781911116615
Category : Economic policy
Languages : en
Pages : 174
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Book Description
Matt Watson unpacks the concept of the market to ask what does it really mean to allow ourselves to submit to market forces. This book provides a major contribution to a deeper appreciation of the dominant economic language of our time, challenging the idea that we can simply defer to the "logic of the market."
Author: Debra Satz
Publisher: Oxford University Press
ISBN: 019989261X
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
"The noted philosopher Debra Satz takes a skeptical view of markets, pointing out that free markets are not always a force for good. The idea of free exchange of child labor, human organs, reproductive services, weapons, life saving medicines, and addcitive drugs, strike many as toxic to human values. She asks: What considerations ought to guide the debates about such markets?"--Provided by publisher.
