It is commonplace that political power is becoming more centralized and remote: faceless people, sometimes in unknown places, determine our circumstances and our opportunities. This ground breaking book argues that this happened through a slow development which began before globalization. Power in Business and the State queries our freedom to make our own history. Current circumstances may be so far from our own choosing that our history is now being made for us, rather than something we control ourselves. Political power is so centralized, and economic power so concentrated, that popular control of democratic government has become increasingly difficult. The sheer magnitude of the author's research underpinning this book, and the uncluttered methodological framework in which it is presented, provides a highly readable text.
This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.
This book re-evaluates a rich scientific heritage of space- and history-sensitive development theories and produces an integrated methodology for the comparative analysis of urban and regional trajectories within a globalized world. The main argument put forward is that current mainstream analyses of urban and regional development have forgotten this rich heritage and fail to address the connections between different dimensions of development, the role of history and the importance of place and scale relations. The proposed methodology integrates elements from different theories – radical economic geography, regulation approach, cultural political economy, old and new institutionalism – that all share a strong concern with time and space dynamics. They are recombined into an interdisciplinary (meta)theoretical framework, capable of articulating the overall problem of socio-economic development and providing methodological anchors for comparative case-study analysis, while recognizing context specificities. The analytical methodology focuses on key dynamics and relations, such as strategic agency and collective action, institutions and structures, culture and discourse, as well as the tension between path-dependency and path-shaping. The methodology is then applied to eight urban and regional cases, mostly from Western Europe, but also from the United States and China. The case studies confirm the relevance of time- and space-sensitive analysis, not only for understanding development trajectories, but also for policy making. They ultimately highlight that, while post-war institutions were able to address systemic contradictions and foster a relatively inclusive development model, the neoliberal turn has led to reductionist policies that not only have resulted in an increase in social and spatial inequalities, but have also undermined growth and democracy.
This is the story of free trade in 19th century Britain, its contribution to the development of Britain's democratic culture, and the unravelling of the free trade movement in the wake of the First World War.
This book identifies a central feature of British political life: the ability to justify racially discriminatory behaviour without recourse to explicit racist language. It gives an account of British racial ideology as it is practically experienced in the form of political discourse and helps to provide a theoretical understanding of its relationship to the social structure as a whole and in particular its relationship to inter- and intra-class divisions.
After the ‘financial crisis’ and ‘Great Recession’, some have called for replacing standard economic theory by heterodox models based upon behavioural approaches. The Responsible Economy argues that there is nothing wrong with economic theory. Instead, the problem has been a ‘devil’s pact’ of simplistic pro-market economics combined with simplistic Keynesian monetary policy. This book revisits the fundamental theorems in economics that state the conditions for markets to achieve efficiency. It has long been known that there are limitations of markets in dealing with externalities, increasing returns to scale and monopoly. The role of information in the economy was developed in economic theory in the 1970s onwards and in a world of imperfect and asymmetric information, markets perform poorly. Managers of firms engage in short-termism, take on excessive risk and misstate their own and their firm’s performance. While finance theory makes clear that much of the activity in the financial services sector is of no economic value and represents wasteful ‘financial engineering’. In this real world, it is economically inefficient for firms to maximise shareholder value. On the macroeconomics side, monetary expansion cannot be an effective substitute for addressing real problems of infrastructure and education investment. This book maintains that markets work best if individuals and firms behave ethically and responsibly. Employment should be a long-term relationship; firms should pay living wages, produce good products at a fair price, and pay their share of taxes. Where these standards don’t hold, governments should not try to micromanage through regulation, but set up simple and straightforward policies.
It is commonplace that political power is becoming more centralized and remote: faceless people, sometimes in unknown places, determine our circumstances and our opportunities. This ground breaking book argues that this happened through a slow development which began before globalization. Power in Business and the State queries our freedom to make our own history. Current circumstances may be so far from our own choosing that our history is now being made for us, rather than something we control ourselves. Political power is so centralized, and economic power so concentrated, that popular control of democratic government has become increasingly difficult. The sheer magnitude of the author's research underpinning this book, and the uncluttered methodological framework in which it is presented, provides a highly readable text.
My Life and Loves is the autobiography of the Ireland-born, naturalized-American writer and editor Frank Harris (1856-1931). As published privately by Harris between 1922 and 1927, and by Jack Kahane's Obelisk Press in 1931, the work consisted of four volumes, illustrated with many drawings and photographs of nude women. The book gives a graphic account of Harris's sexual adventures and relates gossip about the sexual activities of celebrities of his day.
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