The Future of Capitalism After the Financial Crisis

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Author :
Publisher : Routledge
ISBN 13 : 1317935535
Total Pages : 283 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Future of Capitalism After the Financial Crisis by : Richard Westra

Download or read book The Future of Capitalism After the Financial Crisis written by Richard Westra and published by Routledge. This book was released on 2014-12-17 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Capitalism After the Financial Crisis: The Varieties of Capitalism Debate in the Age of Austerity contains thirteen world leading political economists writing from within eight different countries who critically analyze the current crisis tendencies of capitalism both globally and in particular countries. Given the likelihood of an increasingly crisis prone future for capitalism, it is important not only to rethink capitalism in its current manifestations or varieties. It is also important to rethink research methods and conceptual frameworks in preparation for understanding an increasingly rocky future in which capitalism itself could go the way of the many species that in the past were endangered only to become extinct. More and more titles of books and articles are suggesting that capitalism or perhaps civilization itself is endangered if we do not make radical changes in the near future. This book breaks with academic path dependency and attempts to open new vistas of political economy and of multidisciplinary analysis that are crucially important if our thought processes are to be effective in a world in jeopardy. The varieties of capitalism (VoC) debate itself came into being as the Soviet Union unraveled. It drew in scholarship from a cross-section of Marxian and heterodox political economy. The key argument of VoC was that if capitalism was the only global option then those on the Left must get involved in policy discussions on how capitalist economies can be fashioned to become competitive as well as progressive. However, the financial crisis has seen policy across the advanced economies veer toward competitiveness coupled with austerity. The lesson for the Left is that alternatives to capitalism must be sought in the here and now.

The Future of Capitalism After the Financial Crisis

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Author :
Publisher : Routledge
ISBN 13 : 1317935543
Total Pages : 232 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Future of Capitalism After the Financial Crisis by : Richard Westra

Download or read book The Future of Capitalism After the Financial Crisis written by Richard Westra and published by Routledge. This book was released on 2014-12-17 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Capitalism After the Financial Crisis: The Varieties of Capitalism Debate in the Age of Austerity contains thirteen world leading political economists writing from within eight different countries who critically analyze the current crisis tendencies of capitalism both globally and in particular countries. Given the likelihood of an increasingly crisis prone future for capitalism, it is important not only to rethink capitalism in its current manifestations or varieties. It is also important to rethink research methods and conceptual frameworks in preparation for understanding an increasingly rocky future in which capitalism itself could go the way of the many species that in the past were endangered only to become extinct. More and more titles of books and articles are suggesting that capitalism or perhaps civilization itself is endangered if we do not make radical changes in the near future. This book breaks with academic path dependency and attempts to open new vistas of political economy and of multidisciplinary analysis that are crucially important if our thought processes are to be effective in a world in jeopardy. The varieties of capitalism (VoC) debate itself came into being as the Soviet Union unraveled. It drew in scholarship from a cross-section of Marxian and heterodox political economy. The key argument of VoC was that if capitalism was the only global option then those on the Left must get involved in policy discussions on how capitalist economies can be fashioned to become competitive as well as progressive. However, the financial crisis has seen policy across the advanced economies veer toward competitiveness coupled with austerity. The lesson for the Left is that alternatives to capitalism must be sought in the here and now.

The Future of Capitalism

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Author :
Publisher : HarperCollins
ISBN 13 : 0062748661
Total Pages : 369 pages
Book Rating : 4.0/5 (627 download)

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Book Synopsis The Future of Capitalism by : Paul Collier

Download or read book The Future of Capitalism written by Paul Collier and published by HarperCollins. This book was released on 2018-12-04 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

Crises of Global Economy and the Future of Capitalism

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Author :
Publisher : Routledge
ISBN 13 : 1135101655
Total Pages : 354 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Crises of Global Economy and the Future of Capitalism by : Kiichiro Yagi

Download or read book Crises of Global Economy and the Future of Capitalism written by Kiichiro Yagi and published by Routledge. This book was released on 2013-01-04 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent events in the global financial markets and macro economies have served as a strong reminder for a need of a coherent theory of capitalist crisis and analysis. This book helps to fill the gap with well-grounded alternative articulations of the forces which move today's economic dynamics, how they interact and how ideas of foundational figures in economic theory can be used to make sense of the current predicament. The book presents a comprehensive collection of reflections on the origins, dynamics and implications of the interlinked crises of the U.S. and global economies. The book is a thoughtful collaboration between Japanese heterodox economists of the Japan Society of Political Economy (JSPE) and non-Japanese scholars. It provides a unique immersion in different, sophisticated approaches to political economy and to the crisis. The book illustrates with the understanding of Marx's crisis theory and how it can serve as a powerful framework for analyzing the contemporary sub-prime world crisis. The book explains the subprime loan crisis as a crisis in a specific phase of the capitalist world system and concludes that it is a structural one which destroys the existing capital accumulation regime. It pays attention to structural changes and to how these changes beget profound and controversial consequences. The result is a must-read - one which truly contributes to the resurgence of radical analyses of the political economy, free from the market optimism of the main-stream economics.

Can We Avoid Another Financial Crisis?

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1509513760
Total Pages : 140 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis Can We Avoid Another Financial Crisis? by : Steve Keen

Download or read book Can We Avoid Another Financial Crisis? written by Steve Keen and published by John Wiley & Sons. This book was released on 2017-05-09 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.

Beyond the Crisis

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Author :
Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Beyond the Crisis by : Adjiedj Bakas

Download or read book Beyond the Crisis written by Adjiedj Bakas and published by . This book was released on 2009 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Current Deep Economic Crisis Marks a Great Transition. The Chinese phrase for crisis consists of two words danger and opportunity. In Beyond the Crisis: The Future of Capitalism, renowned futurologist, Adjiedj Bakas, leads you through, and then out of, the New Great Depression of the 21st century. The current economic crisis marks the end of an era, and the start of a new one. It is the 5th major crisis in 200 years' time. All of them occurred at the transition from one era to the next. The 1930s may have been a time of deep economic crisis and mass unemployment, yet in those days the Kennedys made their fortunes, art deco was born and the radio, car, and telephone grew to be so much in demand that great new industries emerged out of the ashes of the crisis. During the major economic crisis of the 1980s the personal computer, mobile phone and Internet were born and developed into major new industries. During the current crisis we finally say goodbye to the 20th century and transit into the new, post-material economy with new economic pillars and the mixture with digital collaboration powered by "cloud computing," the next generation Internet. We say hello to a new era, with China as the new global powerhouse instead of the U.S., with globalization turning into slowbalization, with less wealth and more focus on the Economy of Happiness. "Bakas looks behind today¿s headlines and uses knowledge and wisdom from different fields: economics, technology, philosophy and spirituality, in order to grasp what is really going on in our world, and the real changes in our global economy. I truly recommend this book because it may change your future and that of your children." --Professor Jianmao Wang, Economist at the China Europe International Business School

New Ideas on Development after the Financial Crisis

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Author :
Publisher : Johns Hopkins University Press
ISBN 13 : 9780801899751
Total Pages : 0 pages
Book Rating : 4.8/5 (997 download)

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Book Synopsis New Ideas on Development after the Financial Crisis by : Nancy Birdsall

Download or read book New Ideas on Development after the Financial Crisis written by Nancy Birdsall and published by Johns Hopkins University Press. This book was released on 2011-05-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008–9 has changed the way people around the world think about development. The market-friendly, lightly regulated model of capitalism promoted by the United States is now at risk, and development thinking worldwide is at something of an impasse. Editors Nancy Birdsall and Francis Fukuyama bring together leading scholars to explore the implications of the global financial crisis on existing and future development strategies. In addressing this issue, the contributors contemplate three central questions: What effect has the crisis had on current ideas in development thinking? How has it affected and how will it affect economic policy and political realities in Latin America and Asia, including China and India? Will the financial collapse reinforce shifts in geopolitical power and influence, and in what form? Essays answering these questions identify themes that are essential as economic and political leaders address future challenges of development. To help move beyond this time of global economic turmoil, the contributors—the foremost minds in the field of international development—offer innovative ideas about stabilizing the international economy and promoting global development strategies. Contributors: Nancy Birdsall, Center for Global Development; Michael Clemens, Center for Global Development; Kemal Dervis, Brookings Institution; Larry Diamond, Stanford University; Francis Fukuyama, Stanford University; Peter S. Heller, Johns Hopkins University; Yasheng Huang, Massachusetts Institute of Technology; Justin Yifu Lin, World Bank; José Antonio Ocampo, Columbia University; Mitchell A. Orenstein, Johns Hopkins University; Minxin Pei, Claremont McKenna College; Lant Pritchett, Harvard University; Liliana Rojas-Suarez, Center for Global Development; Arvid Subramanian, Johns Hopkins University

Deaths of Despair and the Future of Capitalism

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691217068
Total Pages : 332 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Deaths of Despair and the Future of Capitalism by : Anne Case

Download or read book Deaths of Despair and the Future of Capitalism written by Anne Case and published by Princeton University Press. This book was released on 2021-03-02 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors’ Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone.

Frontiers of Political Economy

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Author :
Publisher : Verso
ISBN 13 : 9780860915669
Total Pages : 342 pages
Book Rating : 4.9/5 (156 download)

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Book Synopsis Frontiers of Political Economy by : Guglielmo Carchedi

Download or read book Frontiers of Political Economy written by Guglielmo Carchedi and published by Verso. This book was released on 1991 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transcending the arid formalism of present-day economic theory, Frontiers of Political Economy develops a new and accessible perspective on the world economy. Guglielmo Carchedi identifies and analyses three key features of modern capitalism: the rapidly increasing share of human labour needed for the advancement of science and technology rather than for the production of goods; the global, rather than national, nature of production, distribution and consumption; and the dominance of the oligopolies. This analysis enables Carchedi to explore new theoretical frontiers: from an original theory of mental and material labour to an investigation of the conditions under which mental labour produces value; from an assessment of the class structure of modern capitalism to an appraisal of the social content of science and technology; from an alternative account of crises, inflation and stagflation to a study of their relation to the destruction of value and to arms production. He also cast fresh light on a number of basic contemporary issues—including the present financial and monetary crisis—and surveys the most important recent controversies in language accessible to non-specialists. Rigorous and wide-ranging, but written with great lucidity, Frontiers of Political Economy is an essential book for both specialists and students in economics and politics.

After the Meltdown

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Publisher :
ISBN 13 : 9781907149146
Total Pages : 0 pages
Book Rating : 4.1/5 (491 download)

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Book Synopsis After the Meltdown by : Marc De Vos

Download or read book After the Meltdown written by Marc De Vos and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subprime crisis and the global recession are almost over. But what will be their long-term consequences? In engaging prose, this book argues how crisis policies and growth policies alike are steering the world towards the "Age of the Twin Crises." It depicts an uncomfortable new reality for globalization, international relations, the market economy, and future economic growth. But it does map out an agenda for better markets and smarter government. Insightful and provocative - mixing economics, politics, history, and law - this book will be an inspiring and confrontational read for anyone interested in understanding the new post-meltdown world.

Does Capitalism Have a Future?

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Publisher : Oxford University Press
ISBN 13 : 0199330859
Total Pages : 199 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Does Capitalism Have a Future? by : Immanuel Maurice Wallerstein

Download or read book Does Capitalism Have a Future? written by Immanuel Maurice Wallerstein and published by Oxford University Press. This book was released on 2013 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive.

Business as Usual

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Publisher : Reaktion Books
ISBN 13 : 1861899823
Total Pages : 129 pages
Book Rating : 4.8/5 (618 download)

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Book Synopsis Business as Usual by : Paul Mattick

Download or read book Business as Usual written by Paul Mattick and published by Reaktion Books. This book was released on 2011-05-15 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others blame long-term imbalances in the world economy. Into this debate steps Paul Mattick, who, in Business as Usual, explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick explains that today’s recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Mattick argues that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. Although Business as Usual engages with many economic theories, both mainstream and left-wing, Mattick’s accessible writing opens the subject up in order for non-specialists to understand the current economic climate not as the effect of a financial crisis, but as a manifestation of a truth about the social and economic system in which we live. As a result the book is ideal for anyone who wants to gain a succinct and jargon-free understanding of recent economic events, and, just as important, the overall dynamics of the capitalist system itself.

The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 0071806784
Total Pages : 320 pages
Book Rating : 4.0/5 (718 download)

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Book Synopsis The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope by : John A. Allison

Download or read book The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope written by John A. Allison and published by McGraw Hill Professional. This book was released on 2012-09-21 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.

Rethinking Capitalism

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119311632
Total Pages : 224 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Rethinking Capitalism by : Michael Jacobs

Download or read book Rethinking Capitalism written by Michael Jacobs and published by John Wiley & Sons. This book was released on 2016-07-21 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.

Capitalism 4.0

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Author :
Publisher : Hachette UK
ISBN 13 : 1610390741
Total Pages : 448 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Capitalism 4.0 by : Anatole Kaletsky

Download or read book Capitalism 4.0 written by Anatole Kaletsky and published by Hachette UK. This book was released on 2011-06-28 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this controversial book, Anatole Kaletsky puts the upheavals of 2007-2009 in historical and ideological perspective. He shows how the forces that precipitated the financial meltdown are now creating a new and stronger version of the global capitalist system-- one that will continue to be led and shaped by the U.S. if its businesses and politicians play their cards well. This is Capitalism 4.0, and it will change politics, finance, international relations, and economic thinking in the coming decades.

Capitalism

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Author :
Publisher : Polity
ISBN 13 : 0745636489
Total Pages : 291 pages
Book Rating : 4.7/5 (456 download)

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Book Synopsis Capitalism by : Geoffrey Ingham

Download or read book Capitalism written by Geoffrey Ingham and published by Polity. This book was released on 2008 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a basic introduction to the 'nuts and bolts' of capitalism for the beginner. Capitalism is a concise, masterly and up-to-date account of the world's most powerful economic system that is accessible to students and general readers.

A Failure of Capitalism

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Author :
Publisher : Harvard University Press
ISBN 13 : 0674252845
Total Pages : 369 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis A Failure of Capitalism by : Richard A. Posner

Download or read book A Failure of Capitalism written by Richard A. Posner and published by Harvard University Press. This book was released on 2011-05-31 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we’ve learned from the Great Depression? Why wasn’t it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist—that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation—and the Keynesian—that the depression was the product of a credit binge in the 1920s, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated.