Approaching Socialism - University of Vermont
... Trade for monetary gain and the extraction of precious metals became the dominant motive forces at the center of society in the emerging mercantile capitalism, resulting in wealth accumulation by merchants and bankers in the powerful countries. This led to struggles between social groups and wars be ...
... Trade for monetary gain and the extraction of precious metals became the dominant motive forces at the center of society in the emerging mercantile capitalism, resulting in wealth accumulation by merchants and bankers in the powerful countries. This led to struggles between social groups and wars be ...
A liberalism betrayed? American neoconservatism and the theory of
... By the time Mr Kristol—and like-minded colleagues such as Seymour Martin Lipset, Daniel Bell and Nathan Glazer—had finished with it, it was modern and outward-looking, plumped up with business-funded fellowships and think-tanks and taking the lead in all policy debates’.3 Kristol’s death and the vas ...
... By the time Mr Kristol—and like-minded colleagues such as Seymour Martin Lipset, Daniel Bell and Nathan Glazer—had finished with it, it was modern and outward-looking, plumped up with business-funded fellowships and think-tanks and taking the lead in all policy debates’.3 Kristol’s death and the vas ...
The Political Economy of the Resource Curse in Russia
... time to take root. Although those might have been some people’s motives, there is ample evidence that the FNR-based subsidization of industry was in the selfinterest of insiders (predominantly from the Soviet-era nomenklatura), who took advantage of loopholes in the transitioning economy and employe ...
... time to take root. Although those might have been some people’s motives, there is ample evidence that the FNR-based subsidization of industry was in the selfinterest of insiders (predominantly from the Soviet-era nomenklatura), who took advantage of loopholes in the transitioning economy and employe ...
to access article
... The three social imaginaries that Taylor (in this issue) suggests are crucial to Western modernity — the public sphere, the citizen-state, and the market — all presuppose a self-reflexive structure of circulation built around some reciprocal social action, whether that action be reading, as in the ...
... The three social imaginaries that Taylor (in this issue) suggests are crucial to Western modernity — the public sphere, the citizen-state, and the market — all presuppose a self-reflexive structure of circulation built around some reciprocal social action, whether that action be reading, as in the ...
Chance, Competence and the Limits of Democratic
... have also in common very low rates of domestic savings, which makes them extremely reliant on foreign capital. Research has shown that inflows of capital to the region are largely driven by fluctuations in international interest rates. When these rates are low and international liquidity is high, ca ...
... have also in common very low rates of domestic savings, which makes them extremely reliant on foreign capital. Research has shown that inflows of capital to the region are largely driven by fluctuations in international interest rates. When these rates are low and international liquidity is high, ca ...
State Versus Free Market Capitalism: A Comparative
... Proponents of capitalism argue that it creates more prosperity than any other economic system, and that its benefits are mainly to the ordinary person. Critics of capitalism variously associate it with economic instability, an inability to provide for the well-being of all people, and an unsustainab ...
... Proponents of capitalism argue that it creates more prosperity than any other economic system, and that its benefits are mainly to the ordinary person. Critics of capitalism variously associate it with economic instability, an inability to provide for the well-being of all people, and an unsustainab ...
Jürgen Hoffmann, Reiner Hoffmann
... Asian markets (6.3%) are underrepresented (cf. Simons 1994, p. 18). Correspondingly, the trend of these trade flows does not correspond to developments in the levels of wage costs, but rather follows the logic of the international industrial division of labor, in which the pattern of goods in the c ...
... Asian markets (6.3%) are underrepresented (cf. Simons 1994, p. 18). Correspondingly, the trend of these trade flows does not correspond to developments in the levels of wage costs, but rather follows the logic of the international industrial division of labor, in which the pattern of goods in the c ...
2010 - Atiner
... This paper analyses the relationship between growth, investment and corruption. The main objective of this study is to investigate the indirect effects of corruption on growth mainly through investment. By using a Panel Smooth Transition Regression approach (PSTR) and a panel data of 101 countries o ...
... This paper analyses the relationship between growth, investment and corruption. The main objective of this study is to investigate the indirect effects of corruption on growth mainly through investment. By using a Panel Smooth Transition Regression approach (PSTR) and a panel data of 101 countries o ...
The Modern Theory of Coordination Problems in Development
... shown that neoclassical theory is based on a special case-perfect, costless information-and that its implications for efficiency are no longer valid as soon as one departs in almost any respect from that special case.' Before these theoretical developments, most economists thought that the implicati ...
... shown that neoclassical theory is based on a special case-perfect, costless information-and that its implications for efficiency are no longer valid as soon as one departs in almost any respect from that special case.' Before these theoretical developments, most economists thought that the implicati ...
5 Why does the Public Sector Grow?
... productivity is very high, to a country where both taxation and productivity are low. As a matter of fact, and in sharp contrast to the prediction that higher levels of internationalization lead to lower levels of public spending, a highly influential model of public expenditure in political economy ...
... productivity is very high, to a country where both taxation and productivity are low. As a matter of fact, and in sharp contrast to the prediction that higher levels of internationalization lead to lower levels of public spending, a highly influential model of public expenditure in political economy ...
On the concept of territorial competitiveness: sound or
... law of comparative advantage will assure each country a role in the international division of labour, no matter which could be its international competitiveness. On the political side, what has been called “localisation”, namely “the growing desire of people for a greater say in their government” (W ...
... law of comparative advantage will assure each country a role in the international division of labour, no matter which could be its international competitiveness. On the political side, what has been called “localisation”, namely “the growing desire of people for a greater say in their government” (W ...
Wake SW 2nc v Rochester Harvard R4
... chimera, or searching for a worker’s utopia. They are even cautious about the appeals of hypernationalism and war. Most have been there, done that. And they know the price. In fact, the most remarkable development in the last few years has been the way China, India, Brazil, and other emerging market ...
... chimera, or searching for a worker’s utopia. They are even cautious about the appeals of hypernationalism and war. Most have been there, done that. And they know the price. In fact, the most remarkable development in the last few years has been the way China, India, Brazil, and other emerging market ...
The many channels of the relationships between state intervention
... capacity and credibility - required for long term economic growth -, and adequate statecivil society relationships. For Adelman, opposing states and market is a recent notion, and historically, a key function of the state was to create well-functioning markets, i.e. providing the legal framework, st ...
... capacity and credibility - required for long term economic growth -, and adequate statecivil society relationships. For Adelman, opposing states and market is a recent notion, and historically, a key function of the state was to create well-functioning markets, i.e. providing the legal framework, st ...
Source file
... Karl Marx himself is generally thought to be a theorist of industrial capitalism rather than a theorist of agrarian studies. Yet, even disregarding his writing on pre-capitalist societies, Marx wrote hundreds of pages on agriculture under modern capitalism; in Capital alone there are over 400 pages ...
... Karl Marx himself is generally thought to be a theorist of industrial capitalism rather than a theorist of agrarian studies. Yet, even disregarding his writing on pre-capitalist societies, Marx wrote hundreds of pages on agriculture under modern capitalism; in Capital alone there are over 400 pages ...
civil economy - Pontifical Academy of Social Sciences
... But the sociability of human nature, defined as a positive attitude towards other human beings, is something quite different. As section 2 will show, social interaction does not necessarily postulate or generate sociability, so if the only focus of study is market mechanisms there is no need to assu ...
... But the sociability of human nature, defined as a positive attitude towards other human beings, is something quite different. As section 2 will show, social interaction does not necessarily postulate or generate sociability, so if the only focus of study is market mechanisms there is no need to assu ...
![After the cultural turn, a return to the moral economy[1]](http://s1.studyres.com/store/data/005673676_1-daa0778daf3459c5a85f8973439304a9-300x300.png)
After the cultural turn, a return to the moral economy[1]
... rules’ regarding the responsibilities and rights of individuals and institutions with respect to others and regarding the nature and qualities of goods, services and environment. These norms, conventions and constitutive rules shape both the formal and informal, including household economies. It is ...
... rules’ regarding the responsibilities and rights of individuals and institutions with respect to others and regarding the nature and qualities of goods, services and environment. These norms, conventions and constitutive rules shape both the formal and informal, including household economies. It is ...
Supply-side reforms in Europe: Can the Lisbon Strategy be repaired?
... warranted and, where it is, to ask how the Lisbon Strategy can be reinforced. We reach three main conclusions. First, centralization is certainly needed in the area of the Single Market. Here the main challenge is to remove remaining barriers to trade in services and to induce more effective cross-b ...
... warranted and, where it is, to ask how the Lisbon Strategy can be reinforced. We reach three main conclusions. First, centralization is certainly needed in the area of the Single Market. Here the main challenge is to remove remaining barriers to trade in services and to induce more effective cross-b ...
Competitive Market Versus Democratic Socialism in A Lab
... degrees of political intervention into markets – Our concept of democratic socialism • Democratically legitimated government determines prices for goods and services • Consumers and producers trade freely at given prices • Since price can not freely adjust to equate supply and demand, the government ...
... degrees of political intervention into markets – Our concept of democratic socialism • Democratically legitimated government determines prices for goods and services • Consumers and producers trade freely at given prices • Since price can not freely adjust to equate supply and demand, the government ...
Walrasian Economics in Retrospect
... consumption through the attempts of James Duesenberry to explain consumption/savingspatterns in terms of "keeping up with the Joneses," to John Kenneth Galbraith's notion that consumer tastes are created by advertising. Doubtless the most recognized of such critics is Herbert Simon, whose concept of ...
... consumption through the attempts of James Duesenberry to explain consumption/savingspatterns in terms of "keeping up with the Joneses," to John Kenneth Galbraith's notion that consumer tastes are created by advertising. Doubtless the most recognized of such critics is Herbert Simon, whose concept of ...
Why Do Countries Adopt Free Trade? Democracy
... the roles of economic, political, and/or technical elites suggest a more antithetical relationship between free trade and democracy, wherein majority interests and/or preferences are not overpowering, but irrelevant or even overridden. While sharing a common emphasis on the preferences and behaviors ...
... the roles of economic, political, and/or technical elites suggest a more antithetical relationship between free trade and democracy, wherein majority interests and/or preferences are not overpowering, but irrelevant or even overridden. While sharing a common emphasis on the preferences and behaviors ...
A Alvin Rabushka A FREE-MARKET CONSTITUTION FOR HONG KoNG:
... crisis of confidence that erupted in 1983 when the Sino-British talks appeared to be going poorly, that political confidence in the future of Hong Kong is extremely fragile and, if shattered, threatens to destroy its stability and prosperity. A prosperous Hong Kong is deemed essential in China’s dev ...
... crisis of confidence that erupted in 1983 when the Sino-British talks appeared to be going poorly, that political confidence in the future of Hong Kong is extremely fragile and, if shattered, threatens to destroy its stability and prosperity. A prosperous Hong Kong is deemed essential in China’s dev ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... The first political concern is to avoid conditions favorable to the resuscitation of the PKI. In 1965 Indonesia had “the strongest communist party outside the communist bloc, with a membership of over three million and affiliated mass organizations of farmers, workers, women, and students that claim ...
... The first political concern is to avoid conditions favorable to the resuscitation of the PKI. In 1965 Indonesia had “the strongest communist party outside the communist bloc, with a membership of over three million and affiliated mass organizations of farmers, workers, women, and students that claim ...
Essential Question of Economic sustainability
... #2- The Hierarchies of Sustainability • Most economists limit concerns to spheres of nature and society that have economic value. • Questions of sustainability arise from a different worldview – how the world works & where we fit. • Society is a sub-set of part of nature and the economy is a sub-se ...
... #2- The Hierarchies of Sustainability • Most economists limit concerns to spheres of nature and society that have economic value. • Questions of sustainability arise from a different worldview – how the world works & where we fit. • Society is a sub-set of part of nature and the economy is a sub-se ...
Zombieconomics: The Living Death of the Dismal Science in the Age
... of individuals in face of market imperfections. It is such reductionism that endows zombieconomics with so much life but with so little content both in terms of analytical elements and understanding of contemporary capitalism. 2 From Marginalist to Formalist Revolution Putting aside a few technical ...
... of individuals in face of market imperfections. It is such reductionism that endows zombieconomics with so much life but with so little content both in terms of analytical elements and understanding of contemporary capitalism. 2 From Marginalist to Formalist Revolution Putting aside a few technical ...
Liberalism and nationalism
... will.12 The theorists of civil society, such as Smith, who shaped the ideas of classical liberalism emphasized liberty in opposition to government and saw the state as a necessary instrument for enforcing contract and property rights but not as the expression of a popular will or as constituting a p ...
... will.12 The theorists of civil society, such as Smith, who shaped the ideas of classical liberalism emphasized liberty in opposition to government and saw the state as a necessary instrument for enforcing contract and property rights but not as the expression of a popular will or as constituting a p ...
Embedded liberalism
Embedded liberalism is a term for the global economic system and the associated international political orientation as it existed from the end of World War II to the 1970s. The system was set up to support a combination of free trade with the freedom for states to enhance their provision of welfare and to regulate their economies to reduce unemployment. The term was first used by the American political scientist John Ruggie in 1982.Mainstream scholars generally describe embedded liberalism as involving a compromise between two desirable but partially conflicting objectives. The first objective was to revive free trade. Before World War I, international trade formed a large portion of global GDP, but the classical liberal order which supported it had been damaged by war and by the Great Depression of the 1930s. The second objective was to allow national governments the freedom to provide generous welfare programmes and to intervene in their economies to maintain full employment. This second objective was considered to be incompatible with a full return to the free market system as it had existed in the late 19th century—mainly because with a free market in international capital, investors could easily withdraw money from nations that tried to implement interventionist and redistributive policies.The resulting compromise was embodied in the Bretton Woods system, which was launched at the end of World War II. The system was liberal in that it aimed to set up an open system of international trade in goods and services, facilitated by semi fixed exchange rates. Yet it also aimed to ""embed"" market forces into a framework where they could be regulated by national governments, with states able to control international capital flows by means of capital controls. New global multilateral institutions were created to support the new framework, such as the World Bank and the International Monetary Fund.When Ruggie coined the phrase embedded liberalism, he was building on earlier work by Karl Polanyi, who had introduced the concept of markets becoming ""dis-embedded"" from society during the 19th century. Polanyi went on to propose that the ""re-embedding"" of markets would be a central task for the architects of the post war world order, and this was largely enacted as a result of the Bretton Woods Conference. In the 1950s and 1960s, the global economy prospered under embedded liberalism, with growth more rapid than before or since. Yet the system was to break down in the 1970s.