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Heterodox Economics And Global Emergencies
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Book Synopsis Heterodox Economics and Global Emergencies by : Eurydice Fotopoulou
Download or read book Heterodox Economics and Global Emergencies written by Eurydice Fotopoulou and published by Taylor & Francis. This book was released on 2023-12-05 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the financial crash to the climate emergency and Covid, this book demonstrates that recent crises have had unequal impacts, that they require a heterodox approach to economics for their understanding, and new ways of thinking are needed to address them. Drawing on a variety of heterodox and radical perspectives and global voices, including those from India, Africa, and South America, this collection explores the causes and impacts of global emergencies from a wide array of viewpoints. The first section outlines how the pandemic has shown up the biases of orthodox thought and policy, particularly its Eurocentric and patriarchal focus on the urban, formal economy. It outlines how adding an international dimension to institutional analysis uncovers systematic inequalities in the responses to emergencies, and how new paradigms can provide better alternatives. The massive interventionism worldwide has led to renewed interest in the global financial system, and also in Marxian approaches to money. The second section of the book therefore considers a range of alternative approaches to the study of finance – from Marx to Minsky – which are currently being revisited. The collection concludes with a suggestion for heterodox economics pedagogy, since changing economics education is vital for future dissemination of real-world ideas. The book will be of interest to a variety of researchers and postgraduate students, and lecturers, especially in the fields of development, health, labour and feminist economics, also international political economy and heterodox economics.
Book Synopsis Post-Crash Economics and the Covid Emergency in the Global Economy by : Abdullah Yusuf
Download or read book Post-Crash Economics and the Covid Emergency in the Global Economy written by Abdullah Yusuf and published by Springer Nature. This book was released on 2023-07-28 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book continues the ongoing debate about the need for alternative, interdisciplinary and heterodox approaches to teaching economics at university. It deals with challenges currently faced by economists, pursues an interdisciplinary approach to enhance collaboration with academics from disciplines other than economics, and analyses several questions and issues related to the 2007-08 financial crisis and the current Covid-19 emergency. The Covid pandemic has shown the flaws of the current neoliberal model and the inability of mainstream economic theory to address the problems created by the pandemic. The book engages with an academic audience interested in incorporating a wider range of economic approaches in their research and teaching, and with undergraduate and postgraduate economics students who are trying to understand the limitations of their current economics syllabi. The novelty of the book is the active involvement of undergraduate and postgraduate students who contribute to this volume with three chapters. The book will be of interest to a wide range of researchers, students and teachers interested in interdisciplinary and heterodox economics.
Book Synopsis Economic Growth and Long Cycles by : Nikolaos Chatzarakis
Download or read book Economic Growth and Long Cycles written by Nikolaos Chatzarakis and published by Taylor & Francis. This book was released on 2024-06-03 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labor theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of Labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in the history of economic thought, economic growth and development, macroeconomics, and political economy.
Book Synopsis Transforming Energy Systems by : Fries, Steven
Download or read book Transforming Energy Systems written by Fries, Steven and published by Edward Elgar Publishing. This book was released on 2021-11-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recognizing the urgent need to transform energy systems to low-carbon alternatives, this timely book offers evidenced and credible ways to accelerate actions towards meeting the Paris Agreement goals and achieving net zero emissions. Steven Fries analyses through the lens of government, business and household actionsÑtheir policies and investmentsÑthe systemic changes needed to eliminate net carbon dioxide emissions from energy.
Book Synopsis Unequal Development and Capitalism by : Adalmir Antonio Marquetti
Download or read book Unequal Development and Capitalism written by Adalmir Antonio Marquetti and published by Taylor & Francis. This book was released on 2024-06-03 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unequal development has been a defining characteristic of capitalism. Throughout history, countries and regions have exhibited differences in labor productivity growth – a key determinant in poverty reduction and development – and although some nations may catch up with the productivity levels or well-being of developed economies at times, others fall behind. This book explores these processes of catching up and falling behind of developing countries from Asia, Latin America, Central and Eastern Europe, and Africa in relation to the US economy from 1970 to 2019. The research presented in this book integrates a historical interpretation of post-World War II capitalism with economic theory and empirical analysis. By exploring the historical experiences of these countries, the book provides an overview of their economic transformations. The interplay between technical change, profit rate and capital accumulation, on one hand, and institutional change, on the other, are combined to explain the dynamics of catching up or falling behind in labor and capital productivities. Furthermore, the book provides, from the perspective of developing countries, fundamental lessons for the implementation of successful strategies for catching up and development. This book is a major resource for readers interested in economic growth and development, heterodox macroeconomics, development economics, and related areas.
Book Synopsis Political Economy of the Firm by : Helena Lopes
Download or read book Political Economy of the Firm written by Helena Lopes and published by Taylor & Francis. This book was released on 2023-12-12 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: An alternative theory of the firm is needed that helps better understand the nature and actual functioning of firms as well as the challenges raised by digital platform firms. In defining firms as economic collective ventures organised by political means, this book offers a “political economy” vision of firms. Specifically, the book provides an authority-based conception of the firm that supplies a theoretical grounding for democratic governance. It is argued that workers must be viewed as actors of the firm, not passive subjects of capital, given that authority is a non-coercive form of power. The book examines authority and subordination from the workers’ perspective and argues that when workers accept authority, it is because they see it as facilitating mutually beneficial cooperation between people with divergent interests. As managerial authority is based on its acceptance by workers, it calls for legitimacy. Neither ownership nor the function that authority performs makes it legitimate. The book shows that legitimacy entails the democratisation of corporate governance, within the framework of “pluralistic companies”, and thus joins the many voices that increasingly question shareholder primacy. The book will be of great interest to researchers and students in economics and law as well as labour professionals, employers, unions, policymakers and anybody interested in economic democracy.
Book Synopsis Income Redistribution, Inequality and Democracy by : Hwan Joo Seo
Download or read book Income Redistribution, Inequality and Democracy written by Hwan Joo Seo and published by Taylor & Francis. This book was released on 2024-06-03 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines why democracy has failed to deliver effective solutions to income inequality problems over the last four decades, and if democracy can offer solutions to various increases in inequality in the future. It also addresses what elements are necessary for democracy to serve as an effective alternative for addressing inequality issues. Historical experiences over the past 40 years, including the global financial crisis, not only underscore the need for fresh perspectives on income inequality in economics but also question the ability of democracy to continue providing alternatives for addressing the escalating forms of inequality. Seo and Kang’s response to these inquiries diverge from conventional research in several significant ways. Primarily, what sets this research apart from existing studies is its intensified focus on income inequality as a product of the complex interplay between the political and economic domains, rather than a standalone examination of income inequality in isolation. Through a political economy perspective, this book argues that income inequality and income redistribution are shaped by the institutions, policies, and laws generated by the political system, with their formation and nature being determined by the power distribution among socio-political groups. A useful resource not only to researchers who study political phenomena in the field of economics, but also to scholars who study economic phenomena in the field of politics. Furthermore, it will be particularly intriguing for policy makers concerned with issues of inequality and income redistribution.
Book Synopsis Macroeconomics After the General Theory by : Angel Asensio
Download or read book Macroeconomics After the General Theory written by Angel Asensio and published by Taylor & Francis. This book was released on 2024-07-08 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both Keynes’s General Theory and orthodox economics seek to understand how competitive markets work, but they diverge sharply with respect to the nature and properties of the competitive equilibrium. The reason, as Keynes himself pointed out, is that the General Theory recognises that the future consequences of current decisions are fundamentally uncertain which, contra the orthodox view, radically affects decision-making and the functioning of markets. This book approaches macroeconomics on the basis of the General Theory, of which a new exposition is offered in the first part, purged of the grey areas that resulted from the context in which it was written, and of the considerable confusion generated for almost a century by the vain attempts of orthodox thinking to integrate such novel ideas in its deficient conceptual framework. The second part aims at extending the conceptual framework to the open economy and considering how uncertainty affects international linkages. The third part proposes an integrated conceptual and formal framework for analysing how changes in the national and international context, including macroeconomic policies, affect an economy. This new examination of General Theory is a major addition to the literature on Keynes, macroeconomics, economic theory and the history of economic thought.
Book Synopsis What is Financialization? by : Taner Akan
Download or read book What is Financialization? written by Taner Akan and published by Taylor & Francis. This book was released on 2024-01-05 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces a new and original analytic approach to defining, understanding, and explaining financialization. It provides a precise and quantifiable definition of financialization, disaggregating financialization into its three varieties. These are examined through the lens of financial development, both before and after the Great Recession, providing the most in-depth analysis of the finance-real economy-labor nexus. It provides a historical perspective, looking at financialization as a key dynamic that has shaped real economic structures in terms of both growth and inequality of income over the last four decades in high-income, upper-middle-income, and lower-middle-income countries. The book makes its multidisciplinary content readily accessible to non-economists by providing economics background information, and to economists by providing social-theoretical context. It will be essential reading for academics, researchers, analysts, and students of economics, business, finance, sociology, politics, and international relations. It will also serve as a vital resource for policy-makers and bureaucrats in determining, formulating, implementing, and revising policy alternatives to govern the pros and cons of financial development in terms of its effects on real output and income inequality.
Book Synopsis Digital Capitalism and New Institutionalism by : Daniil Frolov
Download or read book Digital Capitalism and New Institutionalism written by Daniil Frolov and published by Taylor & Francis. This book was released on 2023-12-19 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern institutional economics was created to study the institutions of pre-digital economies and is based on reductionist approaches. But digital capitalism is producing institutions of unprecedented complexity. This book argues therefore that not only the economic institutions themselves but also the theoretical foundations for studying those institutions must now be adapted to digital capitalism. The book focuses on the institutional complexity of digital capitalism, developing an interdisciplinary framework which brings together cutting-edge theoretical approaches from philosophy (first of all, object-oriented ontology), sociology (especially actor-network theory), evolutionary biology, and cognitive science. In particular, the book outlines a new approach to the study of institutional evolution, based on extended evolutionary synthesis – a new paradigm in evolutionary biology, which is now replacing neo-Darwinism. The book develops an enactivist notion of extended cognition and cognitive institutions, rejecting the individualistic and mechanistic understanding of economic rationality in digital environments. The author experiments with new philosophical approaches to investigate institutional complexity, for example, the ideas of the flat ontology and the assemblage theory. The flat ontology approach is applied to the study of human-robot institutions, as well as to thinking about post-anthropocentric institutional design. Assemblage thinking allows for a new (much less idealistic) look at blockchain and smart cities. Blockchain as digital institutional technology is considered in the book not from the viewpoint of minimizing transaction costs (as is customary in the modern institutional economics), but by using the theory of transaction value which focuses on improving the quality of digital transactions. The book includes a wide range of examples ranging from metaverses, cryptocurrencies and big data to robot rules, smart contracts and machine learning algorithms. Written for researchers in institutional economics and other social sciences, this interdisciplinary book is essential reading for anyone interested in the interplay of institutional and digital change.
Book Synopsis Economics and Climate Emergency by : Barry Gills
Download or read book Economics and Climate Emergency written by Barry Gills and published by Taylor & Francis. This book was released on 2022-08-22 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores a series of connected themes focused on the role economics and other influential forms of theory and thinking have played in creating the current predicament and the scope for alternatives and how they might be framed. Thirty years have passed since the inception of the United Nations Framework Convention on Climate Change (UNFCCC) and the beginning of policy on climate change. Thirty wasted years. To most politicians, long-term collective interest has been denominated in meaningless units of time, a never and forever that has continually delayed action. From complacency has come potential disaster, and we are now living in a time of climate emergency and ecological breakdown. The next decade is a pivotal period requiring fundamental change. But numerous impediments remain. Continual material, energy and economic growth on a planetary scale are manifestly impossible, and yet economic theory takes these as a given and political leadership and policy seem unwilling to accept brute reality. Instead, they offer a series of implausible commitments and pledges rooted in technofixes, without addressing the fundamental drivers of the problems the world faces. The edited volume explores the issues and offers a variety of ways to think through the problems at hand, from postgrowth, degrowth and social ecological economics to policy assemblage and transversalism. The chapters in this book were originally published in the journal Globalizations.
Book Synopsis 10 Years After the Great Recession: Orthodox versus Heterodox Economics by : Halit Sağlam
Download or read book 10 Years After the Great Recession: Orthodox versus Heterodox Economics written by Halit Sağlam and published by IJOPEC PUBLICATION. This book was released on 2018-09-06 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reclaiming economics for future generations by : Lucy Ambler
Download or read book Reclaiming economics for future generations written by Lucy Ambler and published by Manchester University Press. This book was released on 2022-01-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s economies fail to recognise that we are in a rapidly worsening crisis, reproducing and often worsening vast and harmful inequalities between people and countries. The current models are unsustainable, and at a time when global temperatures are rising and divides are deepening, humanity is left in a rapidly worsening situation of its own making, the destruction of the living world, which will make large parts of the earth uninhabitable. Without access to the knowledge, skills or tools to build a better future, local, national and global economies will continue to fail to address the interlinked challenges of systemic racism, inequalities faced by women, the Covid-19 pandemic and the nature and climate emergency. Across the world, economics students are coming together under the banner of the student movement, Rethinking Economics, to create a better economics – one which can help to create a world where all our children can flourish regardless of their gender, background or birthplace. Drawing on over sixty interviews with students and professionals from identities and backgrounds marginalised in economics and a wide range of global and historical research, this book illustrates the ways in which the discipline is currently not fit for purpose and sets out a vision for how it can be diversified, decolonised and democratised. The struggle to reclaim economics could not be more crucial - our futures depend on it. This book explains how it can be done.
Book Synopsis Multidisciplinary Economics by : Piet Keizer
Download or read book Multidisciplinary Economics written by Piet Keizer and published by Oxford University Press, USA. This book was released on 2015 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Offers a micro-foundation for multidisciplinary economic research. Presents the role of psychological and sociological factors in explaining important real-life economic phenomena, such as the global economic crisis 2008. An introduction into the basics of philosophy of science, including many examples of analyses relevant for an understanding of economic phenomena. Shows how psychology and sociology, can be used to improve the student's understanding of the functioning of persons, organisations, markets, and market economies."--Publisher's website.
Download or read book Diminishing Returns written by and published by Oxford University Press. This book was released on 2022-07-01 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: A set of state of the art empirical analyses at the country, regional, and global level that work from a new theoretical framework that analyzes the politics of growth and stagnation. As highlighted by the recent debate on 'secular stagnation,' economic growth has slowed down considerably, and this has given rise to a host of new problems, from financial instability to the collapse of mainstream parties. What happens when growththe main mechanism of capitalist legitimationis harder to come by and less broadly shared? And how should we think about capitalist diversity in the context of global stagnation? In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson address these questions by bringing together a number of comparative and international political economists with expertise across many different countries and regions. Going beyond the methodological nationalism common in most comparative research, each author departs from a common theoretical framework, the Growth Model Perspective, and contributes to develop it further. The outcome is a new theoretical framework to help social scientists, policymakers, and opinion makers, understand the politics of growth and stagnation, which offers state of the art empirical analyses at the country, regional, and global level.
Book Synopsis Handbook of Teaching Ethics to Economists by : Ioana Negru
Download or read book Handbook of Teaching Ethics to Economists written by Ioana Negru and published by Edward Elgar Publishing. This book was released on 2023-11-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the knowledge of highly experienced academics, this authoritative Handbook explains how ethics can inform the teaching of economics. It includes state-of-the-art moral theory alongside traditional approaches to emphasise why ethics should be an important consideration for economic practitioners.
Book Synopsis Coronavirus Politics by : Scott L Greer
Download or read book Coronavirus Politics written by Scott L Greer and published by University of Michigan Press. This book was released on 2021-04-19 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 is the most significant global crisis of any of our lifetimes. The numbers have been stupefying, whether of infection and mortality, the scale of public health measures, or the economic consequences of shutdown. Coronavirus Politics identifies key threads in the global comparative discussion that continue to shed light on COVID-19 and shape debates about what it means for scholarship in health and comparative politics. Editors Scott L. Greer, Elizabeth J. King, Elize Massard da Fonseca, and André Peralta-Santos bring together over 30 authors versed in politics and the health issues in order to understand the health policy decisions, the public health interventions, the social policy decisions, their interactions, and the reasons. The book’s coverage is global, with a wide range of key and exemplary countries, and contains a mixture of comparative, thematic, and templated country studies. All go beyond reporting and monitoring to develop explanations that draw on the authors' expertise while engaging in structured conversations across the book.
