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Author: Brian Massumi
Publisher: Duke University Press
ISBN: 0822375818
Category : Philosophy
Languages : en
Pages : 183
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Book Description
Rational self-interest is often seen as being at the heart of liberal economic theory. In The Power at the End of the Economy Brian Massumi provides an alternative explanation, arguing that neoliberalism is grounded in complex interactions between the rational and the emotional. Offering a new theory of political economy that refuses the liberal prioritization of individual choice, Massumi emphasizes the means through which an individual’s affective tendencies resonate with those of others on infra-individual and transindividual levels. This nonconscious dimension of social and political events plays out in ways that defy the traditional equation between affect and the irrational. Massumi uses the Arab Spring and the Occupy Movement as examples to show how transformative action that exceeds self-interest takes place. Drawing from David Hume, Michel Foucault, Gilles Deleuze, Niklas Luhmann and the field of nonconsciousness studies, Massumi urges a rethinking of the relationship between rational choice and affect, arguing for a reassessment of the role of sympathy in political and economic affairs.
Author: Brian Massumi
Publisher: Duke University Press
ISBN: 0822375818
Category : Philosophy
Languages : en
Pages : 183
Get Book Here
Book Description
Rational self-interest is often seen as being at the heart of liberal economic theory. In The Power at the End of the Economy Brian Massumi provides an alternative explanation, arguing that neoliberalism is grounded in complex interactions between the rational and the emotional. Offering a new theory of political economy that refuses the liberal prioritization of individual choice, Massumi emphasizes the means through which an individual’s affective tendencies resonate with those of others on infra-individual and transindividual levels. This nonconscious dimension of social and political events plays out in ways that defy the traditional equation between affect and the irrational. Massumi uses the Arab Spring and the Occupy Movement as examples to show how transformative action that exceeds self-interest takes place. Drawing from David Hume, Michel Foucault, Gilles Deleuze, Niklas Luhmann and the field of nonconsciousness studies, Massumi urges a rethinking of the relationship between rational choice and affect, arguing for a reassessment of the role of sympathy in political and economic affairs.
Author: Eric A. Schutz
Publisher: Routledge
ISBN: 1315501112
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
In what ways do the actions and economic behavior of today's multinational corporations resemble the functioning and processes of the old command economics of the Soviet Union? By ignoring questions about power relations in markets, mainstream neoclassically-oriented economists conclude that there are no significant power structures operating in market systems to control allocation and distribution. This book argues to the contrary that there are fundamental and systemic power structures - monopoly, access to information or finance, employer power, etc. - at work in market economies, which affects their ability to achieve real "competition" in much the same way as state-controlled, command economies hinder business activities. Thus, for example, the biggest firms at the hubs of financial "networks" wield a kind of "shaping power" upon large numbers of relatively autonomous firms, not only upon those that belong to the networks but also on the many firms outside them that are also affected.
Author: Marc Levinson
Publisher: Basic Books
ISBN: 0465096565
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
The decades after World War II were a golden age across much of the world. It was a time of economic miracles, an era when steady jobs were easy to find and families could see their living standards improving year after year. And then, around 1973, the good times vanished. The world economy slumped badly, then settled into the slow, erratic growth that had been the norm before the war. The result was an era of anxiety, uncertainty, and political extremism that we are still grappling with today. In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how the end of the postwar boom reverberated throughout the global economy, bringing energy shortages, financial crises, soaring unemployment, and a gnawing sense of insecurity. Politicians, suddenly unable to deliver the prosperity of years past, railed haplessly against currency speculators, oil sheikhs, and other forces they could not control. From Sweden to Southern California, citizens grew suspicious of their newly ineffective governments and rebelled against the high taxes needed to support social welfare programs enacted when coffers were flush. Almost everywhere, the pendulum swung to the right, bringing politicians like Margaret Thatcher and Ronald Reagan to power. But their promise that deregulation, privatization, lower tax rates, and smaller government would restore economic security and robust growth proved unfounded. Although the guiding hand of the state could no longer deliver the steady economic performance the public had come to expect, free-market policies were equally unable to do so. The golden age would not come back again. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time forces us to come to terms with how little control we actually have over the economy.
Author: Warren Samuels
Publisher: Routledge
ISBN: 1351483277
Category : Business & Economics
Languages : en
Pages : 574
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Book Description
First published in 1979. Routledge is an imprint of Taylor & Francis.
Author: Yann Moulier-Boutang
Publisher: Polity
ISBN: 0745647324
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
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;
Author: Massimo Amato
Publisher: John Wiley & Sons
ISBN: 0745683657
Category : Business & Economics
Languages : en
Pages : 442
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Book Description
This new book by two distinguished Italian economists is a highly original contribution to our understanding of the origins and aftermath of the financial crisis. The authors show that the recent financial crisis cannot be understood simply as a malfunctioning in the subprime mortgage market: rather, it is rooted in a much more fundamental transformation, taking place over an extended time period, in the very nature of finance. The ‘end’ or purpose of finance is to be found in the social institutions by which the making and acceptance of promises of payment are made possible - that is, the creation and cancellation of debt contracts within a specified time frame. Amato and Fantacci argue that developments in the modern financial system by which debts are securitized has endangered this fundamental credit/debt structure. The illusion has been created that debts are universally liquid in the sense that they need not be redeemed but can be continually sold on in increasingly extensive global markets. What appears to have reduced the riskiness of default for individual agents has in fact increased the fragility of the system as a whole. The authors trace the origins of this profound transformation backwards in time, not just to the neoliberal reforms of the 1980s and 90s but to the birth of capitalist finance in the mercantile networks of the sixteenth and seventeenth centuries. This long historical perspective and deep analysis of the nature of finance enables the authors to tackle the challenges we face today in a fresh way - not simply by tinkering with existing mechanisms, but rather by asking the more profound question of how institutions might be devised in which finance could fulfil its essential functions.
Author: Matthew Noellert
Publisher: University of Michigan Press
ISBN: 0472127101
Category : History
Languages : en
Pages : 359
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Book Description
Following the end of World War II in 1945, the Chinese Communist Party (CCP) spent the next three decades carrying out agrarian reform among nearly one-third of the world’s peasants. This book presents a new perspective on the first step of this reform, when the CCP helped redistribute over 40 million hectares of land to over three hundred million impoverished peasants in the nationwide land reform movement. This land reform, the founding myth of the People’s Republic of China (1949–present) and one of the largest redistributions of wealth and power in history, embodies the idea that an equal distribution of property will lead to social and political equality. Power Over Property argues that in practice, however, the opposite occurred: the redistribution of political power led to a more equal distribution of property. China’s land reform was accomplished not only through the state’s power to define the distribution of resources, but also through village communities prioritizing political entitlements above property rights. Through the systematic analysis of never-before studied micro-level data on practices of land reform in over five hundred villages, Power Over Property demonstrates how land reform primarily involved the removal of former power holders, the mobilization of mass political participation, and the creation of a new social-political hierarchy. Only after accomplishing all of this was it possible to redistribute land. This redistribution, moreover, was determined by political relations to a new structure of power, not just economic relations to the means of production. The experience of China’s land reform complicates our understanding of the relations between economic, social, and political equality. On the one hand, social equality in China was achieved through political, not economic means. On the other hand, the fundamental solution was a more effective hierarchy of fair entitlements, not equal rights. This book ultimately suggests that focusing on economic equality alone may obscure more important social and political dynamics in the development of the modern world.
Author: Richard Heinberg
Publisher: Rudolf Steiner Press
ISBN: 1905570511
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to drop, and governments stagger under record deficits. The End of Growth proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable, natural limits. Richard Heinberg's latest landmark work goes to the heart of the ongoing financial crisis, explaining how and why it occurred, and what we must do to avert the worst potential outcomes. Written in an engaging, highly readable style, it shows why growth is being blocked by three factors: Resource depletion; Environmental impacts, and; Crushing levels of debt. These converging limits will force us to re-evaluate cherished economic theories, and to reinvent money and commerce. The End of Growth describes what policy makers, communities and families can do to build a new economy that operates within Earth's budget of energy and resources. We can thrive during the transition if we set goals that promote human and environmental well-being, rather than continuing to pursue the now-unattainable prize of ever-expanding Gross Domestic Product.
Author: Richard Lachmann
Publisher: John Wiley & Sons
ISBN: 0745659012
Category : Social Science
Languages : en
Pages : 342
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Book Description
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.
Author: A. González Enciso
Publisher: Routledge
ISBN: 1317518225
Category : Business & Economics
Languages : en
Pages : 330
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Book Description
War, Power and the Economy contains a comparative history of Great Britain, France and Spain, the three rival empires of the 1700s. It explores how the states prepared for war, what kind of economic means they had, what institutional changes they implemented, and how efficient this was. As such, the book presents the first comparative synthesis aiming to understand the outcome of the global confrontation in the eighteenth century. Faced with the challenge of paying for new and more costly wars, some countries found flexible ways to get more money and better supplies, whereas others did not. The development of freer colonial markets, the increase of consumption and its taxation, the problems of venal administration or the different systems of patronage with contractors, are some of the factors explaining the divergences that were made clear by 1815. This book explores political and economic dimensions of the eighteenth-century European state in order to explain why and how changes in power as an outcome of war depended upon the available means and the way they were obtained and used. The book takes the idea that making war or preparing for it obliged governments to make important changes in their institutions, so that during the eighteenth century the state in many ways formed itself through war efforts. Ultimately, this study aims to show how closely political and military success was entwined with economic interests. This volume is of great interest to those who study economic history, political economy and European history.
