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Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817
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Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817
Get Book Here
Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Author: John Smith
Publisher: NYU Press
ISBN: 1583675795
Category : Political Science
Languages : en
Pages : 383
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Book Description
Winner of the first Paul A. Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the Twenty-First Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the Twenty-First Century is a major contribution to the theorization and critique of global capitalism.
Author: Radhika Desai
Publisher:
ISBN: 9781526127884
Category :
Languages : en
Pages : 312
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Book Description
As the neoliberal order decays, we recall Polanyi's warning against market domination and his trademark ideas: commodified money, the double movement, the US exception development, the reality of society, and socialism as freedom in a complex society. The contributors consider the links between Polanyi's ideas and income inequality, world systems theory, and comparative political economy.
Author: Robert L. Heilbroner
Publisher: W. W. Norton & Company
ISBN: 0393312283
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
Reflecting on the end of communism, the author of the best-selling The Worldly Philosophers examines the many faces of capitalism, looking for the aspects of a market economy that will be most capable of succeeding against today's toughest dilemmas.
Author: Erik Olin Wright
Publisher: Verso Books
ISBN: 1788739558
Category : Political Science
Languages : en
Pages : 177
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Book Description
What is wrong with capitalism, and how can we change it? Capitalism has transformed the world and increased our productivity, but at the cost of enormous human suffering. Our shared values—equality and fairness, democracy and freedom, community and solidarity—can provide both the basis for a critique of capitalism and help to guide us toward a socialist and democratic society. Erik Olin Wright has distilled decades of work into this concise and tightly argued manifesto: analyzing the varieties of anticapitalism, assessing different strategic approaches, and laying the foundations for a society dedicated to human flourishing. How to Be an Anticapitalist in the Twenty-First Century is an urgent and powerful argument for socialism, and an unparalleled guide to help us get there. Another world is possible. Included is an afterword by the author’s close friend and collaborator Michael Burawoy.
Author: Robert L. Heilbroner
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages :
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Book Description
"... Heilbroner sets out to tell us where capitalism will go in the years to come. In order to do that properly, he first shows us where capitalism has been: in these lectures he provides an overview both of what capitalism is and what it is not, shows us how the market system works and only then discusses what he believes might happen in capitalism's future." -box
Author: Brink Lindsey
Publisher: Oxford University Press
ISBN: 0190627786
Category : Political Science
Languages : en
Pages : 233
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Book Description
For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. They also detail the most important cases of regulatory barriers that have worked to shield the powerful from the rigors of competition, thereby inflating their incomes: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and how to improve the social tensions they are sparking.
Author: Gavin Kitching
Publisher: Routledge
ISBN: 1000681351
Category : Philosophy
Languages : en
Pages : 197
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Book Description
This short book makes a connection between recent ‘tectonic shifts’ in the world economy and the political problems currently confronted by western democracies. The shift of manufacturing away from the West, allied to the pressure to keep costs down in an increasingly competitive global economy, has led to economic inequality, reliance on service industry employment and public sector austerity. All this has in turn produced large numbers of desperate citizens attracted to a populist economic nationalism accompanied by xenophobia. However, the originality of this text lies not in the above argument, but in the philosophical reflections which drive and derive from it. These include reflections on history as a supposed causal process; on the need to make ethical judgements of economic activities and the difficulties of doing so; and on the problems confronting modern citizens in understanding complex economic processes and their political implications. Capitalism and Democracy in the Twenty-First Century endorses Wittgenstein’s ‘praxis’ approach to human social life and its study. Accordingly, it not only analyses economic and political problems but suggests ways of solving or mitigating them. In doing so it relies on Marx’s conviction that our capacity to see certain phenomena as problems is at least a priori evidence that they can be solved. This book will appeal to undergraduate and postgraduate students of politics, comparative politics, political economy and international relations.
Author:
Publisher: BRILL
ISBN: 9004357041
Category : Business & Economics
Languages : en
Pages : 412
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Book Description
Twenty-First Century Inequality & Capitalism: Piketty, Marx and Beyond is a collection that begins with economist Thomas Piketty’s 2014 book. Most chapters critique Piketty from the perspective of critical theory, global political economy or public sociology, drawing on the work of Karl Marx or the Marxist tradition. The emphasis focuses on elements that are under-theorized or omitted entirely from the economists’ analysis. This includes the importance of considering class and labor dynamics, the recent rise of finance capitalism, insights from feminism, demography, and conflict studies, the Frankfurt School, the world market and the world-system, the rise of a transnational capitalist class, the coming environmental catastrophe, etc. Our goal is to fully understand and suggest action to address today’s capitalist inequality crisis. Contributors are: Robert J. Antonio, J.I. (Hans) Bakker, Roslyn Wallach Bologh, Alessandro Bonanno, Christopher Chase-Dunn, Harry F. Dahms, Eoin Flaherty, Daniel Krier, Basak Kus, Lauren Langman, Dana Marie Louie, Peter Marcuse, Sandor Nagy, Charles Reitz, William I. Robinson, Saskia Sassen, David A. Smith, David N. Smith, Tony Smith, Michael Thompson, Sylvia Walby, Erik Olin Wright.
Author: Nelson Lichtenstein
Publisher: The New Press
ISBN: 1595587462
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
A collection of essays that “do an incredible job of balancing the wonders and horrors of the force that is Wal-Mart” (Booklist, starred review). Edited by one of the nation’s preeminent labor historians, this book marks an ambitious effort to dissect the full extent of Wal-Mart’s business operations, its social effects, and its role in the United States and world economy. Wal-Mart is based on a spring 2004 conference of leading historians, business analysts, sociologists, and labor leaders that immediately attracted the attention of the national media, drawing profiles in the New York Times, Los Angeles Times, and the New York Review of Books. Their contributions are adapted here for a general audience. At the end of the nineteenth century, the Pennsylvania Railroad declared itself “the standard of the world.” In more recent years, IBM and then Microsoft seemed the template for a new, global information economy. But at the dawn of the twenty-first century, Wal-Mart had overtaken all rivals as the world-transforming economic institution of our time. Presented in an accessible format and extensively illustrated with charts and graphs, Wal-Mart examines such topics as the giant retailer’s managerial culture, revolutionary use of technological innovation, and controversial pay and promotional practices to provide the most complete guide yet available to one of America’s largest companies. “Like archaeologists who pick over artifacts to understand an ancient society, the scholars here [are] examining Wal-Mart for insights into the very nature of American capitalist culture.” —The New York Times “Stimulating perspectives on the world’s largest corporation.” —Publishers Weekly
