Capitalism And Free Markets Two Sides Of The Same Coin

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Capitalism and free markets. Two sides of the same coin?

Author : Eric Hugo Weinhandl
Publisher : GRIN Verlag
ISBN 13 : 3668977682
Total Pages : 6 pages
Book Rating : 4.6/5 (689 download)

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Book Synopsis Capitalism and free markets. Two sides of the same coin? by : Eric Hugo Weinhandl

Download or read book Capitalism and free markets. Two sides of the same coin? written by Eric Hugo Weinhandl and published by GRIN Verlag. This book was released on 2019-07-10 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2019 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1, University of Vienna (Institut für Internationale Entwicklung), course: Theories of Marktes, language: English, abstract: Capitalism is by far one of the most widely used and most widely defined terms in the social sciences, maybe also next to globalization, society and state. Contemporary economic and political debates would be unthinkable without it. However, especially the wide range of definitions of capitalism has lead to many misinterpretations and subsequently several academic problems, starting from different ideas behind the term up to interdisciplinary misconceptions when working with it in theory and in practice. One prominent example is the negligently equation of capitalism with the concept of free markets or a free market economy. Orthodox and heterodox economics as well as political scientists are often equating both concepts when describing and analysing the post-industrial-revolution economic system and its social dynamics, as some prominent academic works throughout the history show.1 But are capitalism and free markets really two sides of the same coin? After trying to circumnavigate around the problem of terminology in economics and political science for quite a while, the debate around this question became more and more popular in recent years, particularly in regards of seemingly cyclical crisis phenomena, growing state interventions in economies, and other phenomena’s like financialization, globalization and so on. And a trend in academics is recognizable: That, although both terms are not mutually exclusive, a differentiated and more profound conception is urgently needed to help prevent conceptual confusion and to clarify scientific outputs. The aim of this text is therefore to bring new insights into the current debate, as a lack of critical discussion and examination can be identified especially in the libertarian and individual anarchist movement regarding this research issue. What is needed is a more interdisciplinary and critical look on the historic roots and modern dynamics of capitalism in its interplay – not to say symbiosis - with the state and in contrast a more comprehensive definition of free markets and their absence of authority, coercive power and interventionism. A more precise distinction between capitalism and free markets can help us in the end to reduce the inflationary and uncritical use of the term capitalism in social sciences and at the same time increase the scientific quality of researches.

The Illusion of Free Markets

Author : Bernard E. Harcourt
Publisher : Harvard University Press
ISBN 13 : 0674059360
Total Pages : 337 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis The Illusion of Free Markets by : Bernard E. Harcourt

Download or read book The Illusion of Free Markets written by Bernard E. Harcourt and published by Harvard University Press. This book was released on 2011-05-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices. Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere. This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.

Capitalism and Desire

Author : Todd McGowan
Publisher : Columbia University Press
ISBN 13 : 0231542216
Total Pages : 305 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Capitalism and Desire by : Todd McGowan

Download or read book Capitalism and Desire written by Todd McGowan and published by Columbia University Press. This book was released on 2016-09-20 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite creating vast inequalities and propping up reactionary world regimes, capitalism has many passionate defenders—but not because of what it withholds from some and gives to others. Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more. Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.

Capitalism without Capital

Author : Jonathan Haskel
Publisher : Princeton University Press
ISBN 13 : 0691183295
Total Pages : 292 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Capitalism without Capital by : Jonathan Haskel

Download or read book Capitalism without Capital written by Jonathan Haskel and published by Princeton University Press. This book was released on 2018-10-16 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.

Radical Markets

Author : Eric A. Posner
Publisher : Princeton University Press
ISBN 13 : 0691196974
Total Pages : 208 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Radical Markets by : Eric A. Posner

Download or read book Radical Markets written by Eric A. Posner and published by Princeton University Press. This book was released on 2019-10-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revolutionary ideas on how to use markets to achieve fairness and prosperity for all Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation. Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition—Radical Markets shows how.

Marxism and Native Americans

Author : Ward Churchill
Publisher : South End Press
ISBN 13 : 9780896081772
Total Pages : 244 pages
Book Rating : 4.0/5 (817 download)

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Book Synopsis Marxism and Native Americans by : Ward Churchill

Download or read book Marxism and Native Americans written by Ward Churchill and published by South End Press. This book was released on 1983 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a unique format of intellectual challenge and counter-challenge prominent Native Americans and Marxists debate the viability of Marxism and the prevalence of ethnocentric bias in politics, culture, and social theory. The authors examine the status of Western notions of "progress" and "development" in the context of the practical realities faced by American Indians in their ongoing struggle for justice and self-determination. This dialogue offers critical insights into the nature of ecological awareness and dialectics and into the possibility of constructing a social theory that can bridge cultural boundaries.

23 Things They Don't Tell You about Capitalism

Author : Ha-Joon Chang
Publisher : Bloomsbury Publishing USA
ISBN 13 : 1608193586
Total Pages : 305 pages
Book Rating : 4.6/5 (81 download)

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Book Synopsis 23 Things They Don't Tell You about Capitalism by : Ha-Joon Chang

Download or read book 23 Things They Don't Tell You about Capitalism written by Ha-Joon Chang and published by Bloomsbury Publishing USA. This book was released on 2011-01-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.

Capitalism and Freedom

Author : Milton Friedman
Publisher : University of Chicago Press
ISBN 13 : 9780226734651
Total Pages : 287 pages
Book Rating : 4.7/5 (346 download)

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Book Synopsis Capitalism and Freedom by : Milton Friedman

Download or read book Capitalism and Freedom written by Milton Friedman and published by University of Chicago Press. This book was released on 2020-09-22 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of TIME magazine’s All-TIME 100 Best Nonfiction Books One of Times Literary Supplement’s 100 Most Influential Books Since the War One of National Review’s 100 Best Nonfiction Books of the Century One of Intercollegiate Studies Institute’s 50 Best Books of the 20th Century How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of an immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. First published in 1962, Friedman’s Capitalism and Freedom is one of the most significant works of economic theory ever written. Enduring in its eminence and esteem, it has sold nearly a million copies in English, has been translated into eighteen languages, and continues to inform economic thinking and policymaking around the world. This new edition includes prefaces written by Friedman for both the 1982 and 2002 reissues of the book, as well as a new foreword by Binyamin Appelbaum, lead economics writer for the New York Times editorial board.

Free Market Reader, The

Author :
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610162919
Total Pages : 402 pages
Book Rating : 4.6/5 (11 download)

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Book Synopsis Free Market Reader, The by :

Download or read book Free Market Reader, The written by and published by Ludwig von Mises Institute. This book was released on with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Age of Surveillance Capitalism

Author : Shoshana Zuboff
Publisher : PublicAffairs
ISBN 13 : 1610395700
Total Pages : 658 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Age of Surveillance Capitalism by : Shoshana Zuboff

Download or read book The Age of Surveillance Capitalism written by Shoshana Zuboff and published by PublicAffairs. This book was released on 2019-01-15 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Seventeen Contradictions and the End of Capitalism

Author : David Harvey
Publisher : Oxford University Press, USA
ISBN 13 : 019936026X
Total Pages : 354 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Seventeen Contradictions and the End of Capitalism by : David Harvey

Download or read book Seventeen Contradictions and the End of Capitalism written by David Harvey and published by Oxford University Press, USA. This book was released on 2014 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Harvey examines the foundational contradictions of capital, and reveals the fatal contradictions that are now inexorably leading to its end

Teaching and Learning in Context

Author : Richard Tabulawa
Publisher : African Books Collective
ISBN 13 : 2869785690
Total Pages : 200 pages
Book Rating : 4.8/5 (697 download)

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Book Synopsis Teaching and Learning in Context by : Richard Tabulawa

Download or read book Teaching and Learning in Context written by Richard Tabulawa and published by African Books Collective. This book was released on 2013 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1990s, sub-Saharan Africa has experienced unprecedented attempts at reforming teacher and student classroom practices, with a learner-centred pedagogy regarded as an effective antidote to the prevalence of teacher-centred didactic classroom practices. Attempts at reform have been going on all over the continent. In fact, learner-centred pedagogy has been described as one of the most pervasive educational ideas in contemporary sub-Saharan Africa and elsewhere. Research has revealed that the major attempts have largely failed mainly because teachers have not been able to adopt instructional innovations to technical problems. This failure is also related to lack of resources, and poor teacher training programmes which lead to poor teacher quality, among others. This book attempts to explain why pedagogical change has not occurred in spite of the much energy and resources that have been committed to such reforms.The book also takes us inside what the author calls 'the socio-cultural world of African classrooms' to help us understand the reasons teachers dominate classroom life and rely disproportionately on didactic methods of teaching. Its conceptual analyses capture the best of both the sociology and the anthropology of education in contexts of poverty, as well as the politics of education.The book concludes that a socio-cultural approach should be the basis for developing culturally responsive indigenous pedagogies, though these may or may not turn out to be in any way akin to constructivist learner-centred pedagogies.

The Bloomsbury Handbook of Theory in Comparative and International Education

Author : tavis d. jules
Publisher : Bloomsbury Publishing
ISBN 13 : 1350078778
Total Pages : 521 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis The Bloomsbury Handbook of Theory in Comparative and International Education by : tavis d. jules

Download or read book The Bloomsbury Handbook of Theory in Comparative and International Education written by tavis d. jules and published by Bloomsbury Publishing. This book was released on 2021-01-28 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a practical and approachable overview of central theories in comparative and international education (CIE). The chapters focus in depth on specific theoretical perspectives and seek to elucidate the histories, assumptions, and recent developments of these theories. The chapters also situate the theories within CIE, include specific case studies of theoretical application, and outline suggestions for further reading. Written by leading scholars from around the world, this is must-have reference work for anyone teaching, researching, studying, or working in CIE. The handbook includes chapters on a diverse collection of theories, including but not limited to: Structural-functionalism, Colonialism/Imperialism, Marxism, Human Capital Theory, Dependency/World Systems Theory, Post-Colonialism, Post-Socialism, Post-Foundationalism, Neo-liberalism, Neo-Institutionalism, Neo-Marxism, Policy Borrowing and Lending, Peace Theories, Human Rights, Constructivism, Racism, Gender, Queer Theory, Social Network Theory, Capabilities Theory, and Cultural Political Economy.

Education and the Reproduction of Capital

Author : R. Kumar
Publisher : Springer
ISBN 13 : 1137007583
Total Pages : 378 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis Education and the Reproduction of Capital by : R. Kumar

Download or read book Education and the Reproduction of Capital written by R. Kumar and published by Springer. This book was released on 2012-07-25 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: A reflection on the specific context of neoliberal capitalism and it's impact on education. The chapters establish the intersectionality of state, capital and education and engage with possibilities of transcending the onslaught of capital in different geographical locations – from the Northern Hemisphere to the Southern Hemisphere.

Ages of American Capitalism

Author : Jonathan Levy
Publisher : Random House Trade Paperbacks
ISBN 13 : 0812985184
Total Pages : 945 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis Ages of American Capitalism by : Jonathan Levy

Download or read book Ages of American Capitalism written by Jonathan Levy and published by Random House Trade Paperbacks. This book was released on 2022-04-05 with total page 945 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton

Capitalism, Democracy, Socialism: Critical Debates

Author : Albena Azmanova
Publisher : Springer Nature
ISBN 13 : 3031084071
Total Pages : 267 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Capitalism, Democracy, Socialism: Critical Debates by : Albena Azmanova

Download or read book Capitalism, Democracy, Socialism: Critical Debates written by Albena Azmanova and published by Springer Nature. This book was released on 2022-09-07 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically analyzes the current historical conjuncture of neoliberal capitalism with an eye to its emergent alternatives. Can democracy and capitalism thrive together? Is socialism a viable and a desirable alternative? What are the forms of emancipatory action and critical thought that can effectively chart a way forward? Focusing on nine “critical debates” it provides a uniquely comprehensive overview of the tensions, contradictions, and latent emancipatory potential of contemporary global capitalism. The specific debates are as follows: capitalism’s relationship with democracy; privatization and governance of the commons; the financialization of capitalism; technology and the future of work; varieties of neoliberal capitalism; cosmopolitanism, international development, and human rights; feminist theory and social solidarity; sustainability and climate change; and theories of capitalist crisis.

Keynes and Marx

Author : Bill Dunn
Publisher : Manchester University Press
ISBN 13 : 1526154919
Total Pages : 437 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis Keynes and Marx by : Bill Dunn

Download or read book Keynes and Marx written by Bill Dunn and published by Manchester University Press. This book was released on 2021-07-06 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.