The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. Lucarelli argues that these pathological features of globalization acquire a remorseless logic during the "mature" stages of monopoly capitalism. He explores the historical origins and theoretical tendencies of this protracted crisis from a Keynes/Kakecki perspective.
This challenging book examines the origins and dynamics of financialeconomic crises. Its wide theoretical scope incorporates the theories of Marx, Keynes and various other Post Keynesian scholars of endogenous money, and provides a grand synthesis of these theoretical lineages, as well as a powerful critique of prevailing neoclassical/monetarist theories of money. Bill Lucarelli provides detailed historical analyses of the causes of the current international financial crisis, and offers alternative heterodox theories with more coherent and rigorous theoretical frameworks than existing economic orthodoxies. He illustrates that the very assumptions of neoclassical theory - informed by the efficient markets hypothesis - tend to rule out the very possibility of endogenous financial crises. Consequently, he argues, the endogenous causes of these crises are either ignored or simply treated as random, extraneous historical events. In stark contrast to these neoclassical/monetarist views, this book seeks to explain the recurrence of these financial crises as a result of the inner workings of the capitalist system.
This text develops an original critical analysis of the origins and evolution of the euro and the current debt crisis that envelops the euro-zone. It provides a comprehensive critical historical narrative of the evolution of European Monetary Union (EMU). The history of the euro, culminating in the Maastricht blueprint in 1992, reveals that this deeply flawed monetary edifice was informed by the prevailing neoliberal/monetarist economic doctrines, favoured by Germany. The final blueprint witnessed the birth of an international currency which was devoid of a coherent sovereign power. The author's critique is informed by post-Keynesian theories of endogenous money. Lucarelli provides an essential contribution to the critique of the existing economic theories that continue to inform the evolution of the euro. In the absence of political union and a corresponding fiscal framework, the survival of the euro remains problematic. The imposition of harsh, neoliberal, austerity measures by the IMF/EU/ECB (Troika) on Europe's peripheral, deficit countries threaten the very existence of the euro-zone in its present form, and have set in motion powerful centrifugal forces, which could ultimately derail the entire post-war European project.
First published in 1999, this work of economic history explores the evolution of the single market and of economic and political integration in Europe since World War II. Beginning with European integration and the genesis of the Customs Union, Bill Lucarelli then proceeds through the Trans-Atlantic Rivalry, the European Monetary Union (EMU) the European Monetary System (EMS) and on to Maastricht. The study intends to be a critique of the prevailing theories of negative integration, weighting economic integration against political integration, with a particular focus on the concept of ‘spill-over’. Lucarelli argues against prevailing functionalist and neo-liberal interpretations of the process of economic integration. The conclusion is critical of the strategy toward European Monetary Union. The book is informed by Marxian and Post-Keynesian Economic theories.
This challenging book examines the origins and dynamics of financialeconomic crises. Its wide theoretical scope incorporates the theories of Marx, Keynes and various other Post Keynesian scholars of endogenous money, and provides a grand synthesis of these theoretical lineages, as well as a powerful critique of prevailing neoclassical/monetarist theories of money. Bill Lucarelli provides detailed historical analyses of the causes of the current international financial crisis, and offers alternative heterodox theories with more coherent and rigorous theoretical frameworks than existing economic orthodoxies. He illustrates that the very assumptions of neoclassical theory - informed by the efficient markets hypothesis - tend to rule out the very possibility of endogenous financial crises. Consequently, he argues, the endogenous causes of these crises are either ignored or simply treated as random, extraneous historical events. In stark contrast to these neoclassical/monetarist views, this book seeks to explain the recurrence of these financial crises as a result of the inner workings of the capitalist system.
First published in 1999, this work of economic history explores the evolution of the single market and of economic and political integration in Europe since World War II. Beginning with European integration and the genesis of the Customs Union, Bill Lucarelli then proceeds through the Trans-Atlantic Rivalry, the European Monetary Union (EMU) the European Monetary System (EMS) and on to Maastricht. The study intends to be a critique of the prevailing theories of negative integration, weighting economic integration against political integration, with a particular focus on the concept of ‘spill-over’. Lucarelli argues against prevailing functionalist and neo-liberal interpretations of the process of economic integration. The conclusion is critical of the strategy toward European Monetary Union. The book is informed by Marxian and Post-Keynesian Economic theories.
Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.
Makes charges about how politicians, the clergy, and families are failing to protect those in their care, presenting strong statements about personal responsibility and self-reliance in today's uncertain world.
Learn the keys to energizing your writing, engaging readers, and breaking out with influence. What good will it do to skillfully craft a written argument if you lose your audience? Simple emails, formal reports, blogs, presentations, articles—they need punch to gain influence. Clear structure and logic alone won’t do. To engage readers, you need to make mentally stimulating choices in language—choices that electrify your readers’ mental hotspots. Veteran journalist Bill Birchard reveals the secret of making that happen. He blends the findings from a global cadre of psychologists and neuroscientists with lessons from his long, successful career as a professional writer. In Writing for Impact, he details eight potent writing strategies, based on the latest scientific breakthroughs, to give you the power to write faster, win over more people, and earn influence as a thought leader. As a reader, you will: Discover the story of recent scientific research that shows how the right language rewards readers mentally, engaging them with hits of dopamine and more. Learn the eight time-tested writing strategies—strategies you can apply immediately—to become a better, more impactful writer and communicator. Learn three dozen tactics to hook readers with each strategy, tactics proven to work based on how the brain processes language and meaning. Find engaging writing examples to illustrate each strategy and inspire you to write with punch that keeps your audience coming back for more. Master the eight-part strategic framework step by step, giving yourself a methodical means to develop yourself into a writer who communicates like a pro.
First settled in 1643, Throggs Neck-Pelham Bay lies along the west bank of Eastchester Bay in the Bronx. It was once an area of grand estates and farms and was home to some of the wealthiest people in America, including Collis P. Huntington and Catherine Lorillard Wolfe. Discover the history of the early residents of the community and its place in an ever-changing America in this unique and unprecedented pictorial collection. Throggs Neck-Pelham Bay offers a unique glimpse into the past, through carefully preserved images and a thoroughly researched text. Readers will delight in the memories of yesteryear and the images of a young and undaunted America. The images in this volume cover all of the communities included in the charter granted to John Throckmorton by the Dutch in 1642. Called Vriedlandt or "Land of Peace" by Dutch authorities, the area eventually fell prey to the burdens of war during the American Revolution. The images in Throggs Neck-Pelham Bay depict all aspects of life, from work to play. View the early modes of transportation used by the residents, the schools and churches they attended, the homes they lived in, and the activities they enjoyed.
This book tells the story of the ancient land named Chianti and the modern wine appellation known as Chianti Classico. In 1716, TuscanyÕs penultimate Medici ruler, Cosimo III, anointed the region of Chianti, along with three smaller areas in the Florentine State, as the worldÕs first legal appellations of origin for wine. In the succeeding centuries, this milestone was all but forgotten. By the late nineteenth century, the name Chianti, rather than signifying this historic region and its celebrated wine, identified a simple Italian red table wine in a straw-covered flask. Ê In the twenty-first century, Chianti Classico emerged as one of ItalyÕs most dynamic and fashionable wine zones. Chianti Classico relates the fascinating evolution of Chianti as a wine region and reveals its geographic and cultural complexity. Bill Nesto, MW, and Frances Di Savino explore the townships of Chianti Classico and introduce readers to the modern-day winegrowers who are helping to transform the region. The secrets of Sangiovese, the principal vine variety of Chianti, are also revealed as the book unlocks the myths and mysteries of one of ItalyÕs most storied wine regions. The publication of Chianti Classico coincides with the three hundredth anniversary of the Medici decree delimiting the region of Chianti on September 24, 1716.
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