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The Limits Of The Market

The Limits of the Market PDF

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Author: Paul de Grauwe
Publisher: Oxford University Press
ISBN: 0198784287
Size: 57.45 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 165
View: 6811

Book Description: "The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?"--Dust jacket.

Karl Polanyi

Karl Polanyi PDF

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Author: Gareth Dale
Publisher: John Wiley & Sons
ISBN: 0745658253
Size: 40.18 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 320
View: 6389

Book Description: Karl Polanyi's The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century "market fundamentalism" it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi's ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi's daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi's thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.

Cultural Goods And The Limits Of The Market

Cultural Goods and the Limits of the Market PDF

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Author: R. Keat
Publisher: Springer
ISBN: 0230595766
Size: 23.22 MB
Format: PDF, Kindle
Category : Political Science
Languages : en
Pages : 220
View: 2720

Book Description: In Cultural Goods and the Limits of the Market , Russell Keat presents a theoretical challenge to recent extensions of the market domain and the introduction of commercially modelled forms of organization in areas such as broadcasting, the arts and academic research. Drawing on Walzer's pluralistic conception of social goods, and MacIntyre's account of social practices, he argues that cultural activities of this kind, and the institutions within which they are conducted, can best make their distinctive contributions to human well-being when protected from the damaging effects of an unbounded market.

Globalization Culture And The Limits Of The Market

Globalization  Culture  and the Limits of the Market PDF

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Author: Stephen Cullenberg
Publisher: Oxford University Press, USA
Size: 38.29 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 277
View: 6971

Book Description: Papers presented at the conference; with reference to theory of markets most from economic theory point of view.

States Against Markets

States Against Markets PDF

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Author: Robert Boyer
Publisher: Routledge
ISBN: 1134775997
Size: 73.21 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 464
View: 7448

Book Description: This work challenges the popular view that globalization threatens the role of the nation-state in determining national policy. It examines the fundamental issue of competitiveness and market power in an increasingly borderless and co-dependent world. Despite this increased threat to the nation-state as an effective manager of the national economy, the authors argue that there are a number of options and alternatives open to governments to protect themselves from the global business cycle.

The Limits Of Market Organization

The Limits of Market Organization PDF

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Author: Richard R. Nelson
Publisher: Russell Sage Foundation
ISBN: 1610444248
Size: 11.30 MB
Format: PDF, Mobi
Category : Political Science
Languages : en
Pages : 400
View: 3038

Book Description: The last quarter century has seen a broad, but qualified, belief in the efficacy of market organization slide into an unyielding dogma that the market, as unconstrained as possible, is the best way to govern virtually all economic activity. However, unrestricted markets can often lead to gross inequalities in access to important resources, the creation of monopolies, and other negative effects that require regulation or public subsidies to remedy. In The Limits of Market Organization, editor Richard Nelson and a group of economic experts take a more sophisticated look at the public/private debate, noting where markets are useful, where they can be effective only if augmented by non-market mechanisms, and where they are simply inappropriate. The Limits of Market Organization examines the appropriateness of markets in four areas where support for privatization varies widely: human services, public utilities, science and technology, and activities where market involvement is altogether inappropriate. Richard Murnane makes the case that a social interest in providing equal access to high quality education means that for school voucher plans to be effective, substantial government oversight is necessary. Federal involvement in a transcontinental railroad system was initially applauded, but recent financial troubles at Amtrak have prompted many to call for privatization of the rails. Yet contributor Elliot Sclar argues that public subsidies are the only way to maintain this vital part of the American transportation infrastructure. While market principles can promote competition and foster innovation, applying them in certain areas can actually stifle progress. Nelson argues that aggressive patenting has hindered scientific research by restricting access to tools and processes that could be used to generate new findings. He suggests that some kind of exception to patent law should be made for scientists who seek to build off of patented findings and then put their research results into the public domain. In other spheres, market organization is altogether unsuitable. Legal expert Richard Briffault looks at one such example—the democratic political process—and profiles the successes and failures of campaign finance reform in preventing parties from buying political influence. This important volume shows that market organization has its virtues, but also its drawbacks. Just as regulation can be over-applied, so too can market principles. The Limits of Market Organization encourages readers to think more discriminately about the march toward privatization, and to remember the importance of public institutions.

The Limits Of Neoliberalism

The Limits of Neoliberalism PDF

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Author: William Davies
Publisher: SAGE
ISBN: 1526411598
Size: 24.29 MB
Format: PDF, Docs
Category : Social Science
Languages : en
Pages : 248
View: 3569

Book Description: "Brilliant...explains how the rhetoric of competition has invaded almost every domain of our existence.” —Evgeny Morozov, author of "To Save Everything, Click Here" “In this fascinating book Davies inverts the conventional neoliberal practice of treating politics as if it were mere epiphenomenon of market theory, demonstrating that their version of economics is far better understood as the pursuit of politics by other means." —Professor Philip Mirowski, University of Notre Dame "A sparkling, original, and provocative analysis of neoliberalism. It offers a distinctive account of the diverse, sometimes contradictory, conventions and justifications that lend authority to the extension of the spirit of competitiveness to all spheres of social life…This book breaks new ground, offers new modes of critique, and points to post-neoliberal futures.” —Professor Bob Jessop, University of Lancaster Since its intellectual inception in the 1930s and its political emergence in the 1970s, neo-liberalism has sought to disenchant politics by replacing it with economics. This agenda-setting text examines the efforts and failures of economic experts to make government and public life amenable to measurement, and to re-model society and state in terms of competition. In particular, it explores the practical use of economic techniques and conventions by policy-makers, politicians, regulators and judges and how these practices are being adapted to the perceived failings of the neoliberal model. By picking apart the defining contradiction that arises from the conflation of economics and politics, this book asks: to what extent can economics provide government legitimacy? Now with a new preface from the author and a foreword by Aditya Chakrabortty.

The Limits Of Rural Capitalism

The Limits of Rural Capitalism PDF

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Author: Kenneth Michael Sylvester
Publisher: University of Toronto Press
ISBN: 9780802083470
Size: 60.23 MB
Format: PDF, Kindle
Category : History
Languages : en
Pages : 280
View: 3885

Book Description: Sylvester challenges the view in prairie historiography that agriculture had commercialized before the west was opened to settlement, and that ethnic communities alone resisted the market's potential.

The Limits Of Freedom Of Contract

The Limits of Freedom of Contract PDF

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Author: Michael J. Trebilcock
Publisher: Harvard University Press
ISBN: 9780674534308
Size: 44.48 MB
Format: PDF
Category : Law
Languages : en
Pages : 310
View: 863

Book Description: Our legal system is committed to the idea that private markets and the law of contracts that supports them are the primary institutions for allocating goods and services in a modern economy. Yet the market paradigm, this book argues, leaves substantial room for challenge.