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Author: Richard A. Posner
Publisher: Harvard University Press
ISBN: 0674062191
Category : Business & Economics
Languages : en
Pages : 409
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Book Description
Following up on his timely and well-received book, A Failure of Capitalism, Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government's stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government's energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.
Author: Richard A. Posner
Publisher: Harvard University Press
ISBN: 0674062191
Category : Business & Economics
Languages : en
Pages : 409
Get Book Here
Book Description
Following up on his timely and well-received book, A Failure of Capitalism, Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government's stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government's energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.
Author: Dennis Smith
Publisher: Taylor & Francis
ISBN: 1000729281
Category : Political Science
Languages : en
Pages : 223
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Book Description
First published in 1990, Capitalist Democracy on Trial explores the long transatlantic debate on capitalist democracy. It examines the conflicting verdicts of writers and politicians in the USA and Europe. The first section focuses on democracy and the rise of big business. It discusses the views of Tocqueville, Mill, Carnegie, Chamberlain, Bryce, Ostrogorski, Veblen and Hobson. The second section covers capitalism and the rise of ‘big government’. The writers represented are Laski, Lasswell, Hayek, Schumpeter, Galbraith, Friedman, Miliband, Brittan, Piven, and Cloward. Using a historical and comparative framework Dennis Smith argues that the transatlantic debate on capitalist democracy has passed through three phases. By World War I the early nineteenth century ideology of ‘participation’ had been replaced by a conception of capitalist democracy as ‘manipulation’. Between the wars this was superseded by an ideology of ‘regulation’. Then the drift has been towards the need for ‘conservation’. His systematic approach demonstrate the dynamics of an unfolding debate and combines theoretical insight with clarity of exposition. This book will be an invaluable text for students of political science, sociology, social theory, and the history of political economy.
Author: Shoshana Zuboff
Publisher: PublicAffairs
ISBN: 1610395700
Category : Business & Economics
Languages : en
Pages : 683
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Book Description
The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new "behavioral futures markets," where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new "means of behavioral modification." The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a "Big Other" operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled "hive" of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it.
Author: Soviet Union. Posolʹstvo (U.S.)
Publisher:
ISBN:
Category : World War, 1939-1945
Languages : en
Pages : 900
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Book Description
Author: Torben Iversen
Publisher: Princeton University Press
ISBN: 0691210217
Category : Business & Economics
Languages : en
Pages : 359
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Book Description
It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial. For all the chaos and upheaval over the past century--major wars, economic crises, massive social change, and technological revolutions--Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state. Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.
Author: Colin Crouch
Publisher: SAGE
ISBN: 0857026259
Category : Social Science
Languages : en
Pages : 223
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Book Description
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.
Author: James Patrick Cannon
Publisher: Resistance Books
ISBN: 9780909196936
Category : Political Science
Languages : en
Pages : 214
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Book Description
Author: Ernest Freeberg
Publisher: Harvard University Press
ISBN: 0674027922
Category : Biography & Autobiography
Languages : en
Pages : 393
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Book Description
In 1920, socialist leader Eugene V. Debs ran for president while serving a ten-year jail term for speaking against America’s role in World War I. Though many called Debs a traitor, others praised him as a prisoner of conscience, a martyr to the cause of free speech. Nearly a million Americans agreed, voting for a man whom the government had branded an enemy to his country. In a beautifully crafted narrative, Ernest Freeberg shows that the campaign to send Debs from an Atlanta jailhouse to the White House was part of a wider national debate over the right to free speech in wartime. Debs was one of thousands of Americans arrested for speaking his mind during the war, while government censors were silencing dozens of newspapers and magazines. When peace was restored, however, a nationwide protest was unleashed against the government’s repression, demanding amnesty for Debs and his fellow political prisoners. Led by a coalition of the country’s most important intellectuals, writers, and labor leaders, this protest not only liberated Debs, but also launched the American Civil Liberties Union and changed the course of free speech in wartime. The Debs case illuminates our own struggle to define the boundaries of permissible dissent as we continue to balance the right of free speech with the demands of national security. In this memorable story of democracy on trial, Freeberg excavates an extraordinary episode in the history of one of America’s most prized ideals.
Author:
Publisher:
ISBN:
Category : Sociology
Languages : en
Pages : 782
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Book Description
Author: Donna T. Haverty-Stacke
Publisher: NYU Press
ISBN: 1479851949
Category : Law
Languages : en
Pages : 303
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Book Description
Militancy and fear : May 1934-June 1940 -- Dissent becomes a federal case : September 1940-June 1941 -- "Socialism on Trial" : July 1-November 18, 1941 -- "If that is treason, you can make the most of it" : November 18-December 8, 1941 -- Battling the "Gag" act in wartime : December 1941-December 1943 -- "A test of fire" : December 1943-November 1948 -- The ongoing struggle for civil liberties : June 1951-August 1986
