Essays On Growth Labor Markets And Democracy

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Economic Dignity

Author : Gene Sperling
Publisher : Penguin
ISBN 13 : 1984879898
Total Pages : 385 pages
Book Rating : 4.9/5 (848 download)

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Book Synopsis Economic Dignity by : Gene Sperling

Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.

Democracy and Prosperity

Author : Torben Iversen
Publisher : Princeton University Press
ISBN 13 : 0691210217
Total Pages : 359 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Democracy and Prosperity by : Torben Iversen

Download or read book Democracy and Prosperity written by Torben Iversen and published by Princeton University Press. This book was released on 2020-11-03 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Essays on Growth, Labor Markets and Democracy

Author : Carola Moreno Valenzuela
Publisher :
ISBN 13 :
Total Pages : 246 pages
Book Rating : 4.:/5 (418 download)

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Book Synopsis Essays on Growth, Labor Markets and Democracy by : Carola Moreno Valenzuela

Download or read book Essays on Growth, Labor Markets and Democracy written by Carola Moreno Valenzuela and published by . This book was released on 2008 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This dissertation studies economic growth, directly and indirectly, from three different perspectives: labor markets, financial markets, and social institutions. The issues addressed are the effect on labor markets of implementing an unemployment insurance system when eligibility is stochastic, the predictive power of sovereign spreads for future economic growth and inflation, and the impact of the democratic history of a country on economic growth. The first chapter studies the quantitative effects on the labor market of implementing an unemployment insurance system in which not all unemployed are eligible for unemployment benefits, and moreover, eligibility is positively correlated with labor productivity. The main result is that higher benefits result on higher negotiated wages for the proportion of unemployed who are insured and lower wages for the uninsured. Moreover, the average behavior of the market is driven by the proportion of insured unemployed. Consequently, the standard results are obtained: higher benefits increase average unemployment, market tightness, average wages and unemployment duration. The second chapter studies whether the spreads of sovereign bonds issued in international markets provide marginal information with which one can predict output growth and inflation. These instruments have only rarely been studied, especially in the context of emerging countries. The tests carried out for Argentina, Brazil, Chile, Malaysia and Mexico show that, in most cases, spreads are useful as leading indicators for output growth. To a lesser extent, they are also useful for predicting inflation. The main contribution of the paper is to provide an alternative financial leading indicator for economies that lack indicators at the domestic level. The third chapter proposes a particular way of thinking about the causal effect of social institutions and their impact on economic growth. The key insight is that institutions' effects cumulate over time. In contrast with the previous literature that found that current democracy plays little or no role in determining output growth this chapter shows that cumulative experience with democracy is a very significant factor. The tests are robust to several specifications, different measures of the stock of democracy and different samples.

How Ukraine Became a Market Economy and Democracy

Author : Anders Åslund
Publisher : Columbia University Press
ISBN 13 : 0881325066
Total Pages : 371 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis How Ukraine Became a Market Economy and Democracy by : Anders Åslund

Download or read book How Ukraine Became a Market Economy and Democracy written by Anders Åslund and published by Columbia University Press. This book was released on 2009-03-01 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of Europe's old nations steeped in history, Ukraine is today an undisputed independent state. It is a democracy and has transformed into a market economy with predominant private ownership. Ukraine's postcommunist transition has been one of the most protracted and socially costly, but it has taken the country to a desirable destination. Åslund's vivid account of Ukraine's journey begins with a brief background, where he discusses the implications of Ukraine's history, the awakening of society because of Mikhail Gorbachev's reforms, the early democratization, and the impact of the ill-fated Soviet economic reforms. He then turns to the reign of President Leonid Kravchuk from 1991 to 1994, the only salient achievement of which was nation-building, while the economy collapsed in the midst of hyperinflation. The first two years of Leonid Kuchma's presidency, from 1994 to 1996, were characterized by substantial achievements, notably financial stabilization and mass privatization. The period 1996–99 was a miserable period of policy stagnation, rent seeking, and continued economic decline. In 2000 hope returned to Ukraine. Viktor Yushchenko became prime minister and launched vigorous reforms to cleanse the economy from corruption, and economic growth returned. The ensuing period, 2001–04, amounted to a competitive oligarchy. It was quite pluralist, although repression increased. Economic growth was high. The year 2004 witnessed the most joyful period in Ukraine, the Orange Revolution, which represented Ukraine's democratic breakthrough, with Yushchenko as its hero. The postrevolution period, however, has been characterized by great domestic political instability; a renewed, explicit Russian threat to Ukraine's sovereignty; and a severe financial crisis. The answers to these challenges lie in how soon the European Union fully recognizes Ukraine's long-expressed identity as a European state, how swiftly Ukraine improves its malfunctioning constitutional order, and how promptly it addresses corruption.

Free Market Fairness

Author : John Tomasi
Publisher : Princeton University Press
ISBN 13 : 0691158142
Total Pages : 380 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Free Market Fairness by : John Tomasi

Download or read book Free Market Fairness written by John Tomasi and published by Princeton University Press. This book was released on 2013-05-05 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative new vision of free market capitalism that achieves liberal ends by libertarian means Can libertarians care about social justice? In Free Market Fairness, John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek and advocates of social justice such as John Rawls, Tomasi presents a new theory of liberal justice. This theory, free market fairness, is committed to both limited government and the material betterment of the poor. Unlike traditional libertarians, Tomasi argues that property rights are best defended not in terms of self-ownership or economic efficiency but as requirements of democratic legitimacy. At the same time, he encourages egalitarians concerned about social justice to listen more sympathetically to the claims ordinary citizens make about the importance of private economic liberty in their daily lives. In place of the familiar social democratic interpretations of social justice, Tomasi offers a "market democratic" conception of social justice: free market fairness. Tomasi argues that free market fairness, with its twin commitment to economic liberty and a fair distribution of goods and opportunities, is a morally superior account of liberal justice. Free market fairness is also a distinctively American ideal. It extends the notion, prominent in America's founding period, that protection of property and promotion of real opportunity are indivisible goals. Indeed, according to Tomasi, free market fairness is social justice, American style. Provocative and vigorously argued, Free Market Fairness offers a bold new way of thinking about politics, economics, and justice—one that will challenge readers on both the left and right.

Studies in Labor Markets

Author : Sherwin Rosen
Publisher : University of Chicago Press
ISBN 13 : 0226726304
Total Pages : 408 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Studies in Labor Markets by : Sherwin Rosen

Download or read book Studies in Labor Markets written by Sherwin Rosen and published by University of Chicago Press. This book was released on 2007-12-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this volume present an excellent sampling of the best of current research in labor economics, combining the most sophisticated theory and econometric methods with high-quality data on a variety of problems. Originally presented at a Universities-National Bureau Committee for Economic Research conference on labor markets in 1978, and not published elsewhere, the thirteen papers treat four interrelated themes: labor mobility, job turnover, and life-cycle dynamics; the analysis of unemployment compensation and employment policy; labor market discrimination; and labor market information and investment. The Introduction by Sherwin Rosen provides a thoughtful guide to the contents of the papers and offers suggestions for continuing research.

For a New West

Author : Karl Polanyi
Publisher : John Wiley & Sons
ISBN 13 : 0745684475
Total Pages : 263 pages
Book Rating : 4.7/5 (456 download)

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Book Synopsis For a New West by : Karl Polanyi

Download or read book For a New West written by Karl Polanyi and published by John Wiley & Sons. This book was released on 2014-11-10 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: At a recent meeting of the World Economic Forum in Davos, it was reported that a ghost was haunting the deliberations of the assembled global elite - that of the renowned social scientist and economic historian, Karl Polanyi. In his classic work, The Great Transformation, Polanyi documented the impact of the rise of market society on western civilization and captured better than anyone else the destructive effects of the economic, political and social crisis of the 1930s. Today, in the throes of another Great Recession, Polanyi’s work has gained a new significance. To understand the profound challenges faced by our democracies today, we need to revisit history and revisit his work. In this new collection of unpublished texts - lectures, draft essays and reports written between 1919 and 1958 - Polanyi examines the collapse of the liberal economic order and the demise of democracies in the inter-war years. He takes up again the fundamental question that preoccupied him throughout his work - the place of the economy in society - and aims to show how we might return to an economy anchored in society and its cultural, religious and political institutions. For anyone concerned about the danger to democracy and social life posed by the unleashing of capital from regulatory control and the dominance of the neoliberal ideologies of market fundamentalism, this important new volume by one of the great thinkers of the twentieth century is a must-read.

Dissertation Abstracts International

Author :
Publisher :
ISBN 13 :
Total Pages : 668 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2009 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Private Government

Author : Elizabeth Anderson
Publisher : Princeton University Press
ISBN 13 : 0691192243
Total Pages : 222 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Private Government by : Elizabeth Anderson

Download or read book Private Government written by Elizabeth Anderson and published by Princeton University Press. This book was released on 2019-04-30 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why our workplaces are authoritarian private governments—and why we can’t see it One in four American workers says their workplace is a “dictatorship.” Yet that number almost certainly would be higher if we recognized employers for what they are—private governments with sweeping authoritarian power over our lives. Many employers minutely regulate workers’ speech, clothing, and manners on the job, and employers often extend their authority to the off-duty lives of workers, who can be fired for their political speech, recreational activities, diet, and almost anything else employers care to govern. In this compelling book, Elizabeth Anderson examines why, despite all this, we continue to talk as if free markets make workers free, and she proposes a better way to think about the workplace, opening up space for discovering how workers can enjoy real freedom.

Citizenship, Labour Markets and Democratization

Author : L. Haagh
Publisher : Springer
ISBN 13 : 0230510477
Total Pages : 316 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Citizenship, Labour Markets and Democratization by : L. Haagh

Download or read book Citizenship, Labour Markets and Democratization written by L. Haagh and published by Springer. This book was released on 2002-01-15 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a re-examination of classical issues in the relationship between different forms of democratization, civil, political and social, and examines Chile's transition to democracy during the 1990s as a typical case of the modern sequence. It highlights the lasting institutional limits to social democratization in countries that are democratizing in the context of radical market reforms and provides an account of the politics of limiting social deepening in the crucial early years of Chile's transition, including a detailed examination of the influence of local union history and labour relations.

Markets and Democracy

Author : Samuel Bowles
Publisher : Cambridge University Press
ISBN 13 : 9780521432238
Total Pages : 372 pages
Book Rating : 4.4/5 (322 download)

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Book Synopsis Markets and Democracy by : Samuel Bowles

Download or read book Markets and Democracy written by Samuel Bowles and published by Cambridge University Press. This book was released on 1993-07-22 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book asks whether a modern, efficient economy can be rendered democratically accountable, and, if so, what strategic changes might be required to regulate the market- based interaction of economic agents. The contributors bring contemporary microeconomic theory to bear in an attempt to find a progressive replacement to traditional state socialism. Various approaches to the study of economic interaction are considered in an attempt to understand the relationship between power and efficiency in market economies.

The Globalization Paradox

Author : Dani Rodrik
Publisher : OUP Oxford
ISBN 13 : 0191634255
Total Pages : 442 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Globalization Paradox by : Dani Rodrik

Download or read book The Globalization Paradox written by Dani Rodrik and published by OUP Oxford. This book was released on 2012-05-17 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

The Retreat of Democracy and Other Itinerant Essays on Globalization, Economics, and India

Author : Kaushik Basu
Publisher : Anthem Press
ISBN 13 : 0857286765
Total Pages : 290 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis The Retreat of Democracy and Other Itinerant Essays on Globalization, Economics, and India by : Kaushik Basu

Download or read book The Retreat of Democracy and Other Itinerant Essays on Globalization, Economics, and India written by Kaushik Basu and published by Anthem Press. This book was released on 2010-01-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘The Retreat of Democracy’ presents an expanded and reworked selection of Basu's best journalistic and academic writings on political and economic themes since the late 1990s. As well as essays on globalization and democracy, the book provides analyses of ideas in economics, as well as anthroplogical observations on social norms, the role of culture, and travel in India and abroad. It also includes an intellectual biography of Amartya Sen, with a discussion of his scientific contributions.

Why Liberalism Works

Author : Deirdre Nansen McCloskey
Publisher : Yale University Press
ISBN 13 : 0300235089
Total Pages : 399 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Why Liberalism Works by : Deirdre Nansen McCloskey

Download or read book Why Liberalism Works written by Deirdre Nansen McCloskey and published by Yale University Press. This book was released on 2019-01-01 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful and passionately written book explaining why a return to Enlightenment ideals is good for the world "Beginning with the simple but fertile idea that people should not push other people around, Deirdre McCloskey presents an elegant defense of 'true liberalism' as opposed to its well-meaning rivals on the left and the right. Erudite, but marvelously accessible and written in a style that is at once colloquial and astringent."--Stanley Fish The greatest challenges facing humankind, according to Deirdre McCloskey, are poverty and tyranny, both of which hold people back. Arguing for a return to true liberal values, this engaging and accessible book develops, defends, and demonstrates how embracing the ideas first espoused by eighteenth-century philosophers like Locke, Smith, Voltaire, and Wollstonecraft is good for everyone. With her trademark wit and deep understanding, McCloskey shows how the adoption of Enlightenment ideals of liberalism has propelled the freedom and prosperity that define the quality of a full life. In her view, liberalism leads to equality, but equality does not necessarily lead to liberalism. Liberalism is an optimistic philosophy that depends on the power of rhetoric rather than coercion, and on ethics, free speech, and facts in order to thrive.

Economic Growth and the High Wage Economy

Author : Morris Altman
Publisher : Routledge
ISBN 13 : 1136293396
Total Pages : 366 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis Economic Growth and the High Wage Economy by : Morris Altman

Download or read book Economic Growth and the High Wage Economy written by Morris Altman and published by Routledge. This book was released on 2013-06-26 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a theoretical framework to better understand how firms, economies and labor markets have evolved. This is done in a reader-friendly fashion, without complex mathematical arguments and proofs. Economic Growth and the High Wage Economy shows how high wage economies help make firms and economies more productive and why high wage economies can be competitive even in an increasingly globalized environment. It also demonstrates why concerns that labor supply will dry up as wages increase and social benefits rise are largely based on impoverished economic reasoning. The first chapters provide a theoretical basis for the rest of the book, showing for instance how higher wages are prone to increasing the level of economic efficiency by getting people to work harder and smarter (mainly smarter). Altman also explains that our understanding of technological change can be markedly improved by modelling technological change as a product of higher wages and improved working conditions and other shocks to the economic system. As the book develops, it is shown that increasing and high levels of income inequality are not necessary for growth and development, because the economic ‘pie’ grows when the economic wellbeing of the lower half and even the middle improves. The evolution of the state can also be better understood by applying this analytical framework. So too can the persistence of inefficient systems of production and cultural traits that appear to be inconsistent with economic prosperity. On top of this, the book examines the implications of Altman’s theoretical framework for macroeconomic analysis and policy. Finally, it is shown that labor supply can be better understood by introducing target income into the analytical mix. The main contribution of this book is providing the theoretical underpinning for why relatively high wages and, moreover, competition with high wages is good for dynamic growth and development. This work establishes why an alternative model of labor supply, based on the notion and reality of target income, does a better job of explaining the evolution of labor supply. The latter also reinforces the view that increasing wage and workers’ benefits should not be expected to damage the economy, even in the realm of labor supply. This book will be of interest to public policy experts, trade unions, human rights experts and scholars of behavioural economics, labour economics and globalization.

Working Papers Volume II

Author : Peterson Institute for International Economics
Publisher : Peterson Institute
ISBN 13 : 9780881324044
Total Pages : 260 pages
Book Rating : 4.3/5 (24 download)

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Book Synopsis Working Papers Volume II by : Peterson Institute for International Economics

Download or read book Working Papers Volume II written by Peterson Institute for International Economics and published by Peterson Institute. This book was released on 2007 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perhaps the most popular of all Institute products, selected Working Papers are now available in a print format. These papers contain the preliminary results of ongoing Institute research. The book covers a wide range of topics including offshoring, central banks, Eurasian growth, Europe, and international reserves. Included in the book are papers by Edwin M. Truman, Adam Posen, J. Bradford Jensen, Anders slund, C. Randall Henning, and Jacob Kirkegaard. Volume II contains papers from 2006. Future volumes will be published on a semi-regular schedule as material is available.

Income Inequality in Capitalist Democracies

Author : Vicki L. Birchfield
Publisher : Penn State Press
ISBN 13 : 0271036095
Total Pages : 255 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Income Inequality in Capitalist Democracies by : Vicki L. Birchfield

Download or read book Income Inequality in Capitalist Democracies written by Vicki L. Birchfield and published by Penn State Press. This book was released on 2015-08-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been much concern about rising levels of income inequality in the societies of advanced industrial democracies. Commentators have attributed this increase to the impact of globalization, the decline of the welfare state, or the erosion of the power of labor unions and their allies among left-wing political parties. But little attention has been paid to variations among these countries in the degree of inequality. This is the subject that Vicki Birchfield tackles in this ambitious book. Differences in political institutions have been seen by political scientists as one likely explanation, but Birchfield shows institutional variation to be only one part of the story. Deploying an original conceptualization of political economy as applied democratic theory, she makes the compelling case that cultural values—particularly citizens' attitudes about social justice and about the proper roles of the market and the state—need to be factored into any account that will provide an adequate explanation for the observable patterns. To support her argument, she brings to bear both multivariate statistical analyses and historical comparative case studies, making this book a model for how quantitative and qualitative research can be effectively combined to produce more complete explanations of political and socioeconomic phenomena.