When the Federal Reserve, European Central Bank and Bank of England purchased bank and state debt during the 2007–2008 crisis, it became apparent that, when technically divorced from fiscal policy, monetary policy cannot revive but only prevent economic activity deteriorating further. Pixley explains how conflicting social forces shape the diverse, complex relations of central banks to the money production of democracies and the immense money creation by capitalist banking. Central banks are never politically neutral and, despite unfair demands, are unable to prevent collapses to debt deflation or credit/asset inflation. They can produce debilitating depressions but not the recoveries desired in democracies and unwanted by capitalist banks or war finance logics. Drawing on economic sociology and economic histories, this book will appeal to informed readers interested in studying democracies, banks and central banking's ambivalent positions, via comparative and distributive perspectives.
Mass unemployment re-emerged as a public issue during the late 1980s. Yet for twenty years a chronic lack of jobs has been increasingly accepted as an early symptom of the 'post industrial society' - a future with permanently high levels of unemployment. Post-industrial writers argue that it is now time to develop alternatives to paid work or to separate income from employment, because technological and other changes have made it futile for many people to seek conventional work. Jocelyn Pixley's book is a reappraisal of the employment debate. It asks whether there is an alternative to wage labour that does not undermine citizen rights and finds, from the various OECD governments that have already pursued this post-industrial strategy, that there is none. Citizenship and Employment blends a range of theoretical, historical, and sociological approaches to contentious issues facing all capitalist societies. It argues that people excluded from mainstream work become powerless and experience a more meaningless life than those who either have work or are able to choose to withdraw from paid work. Extending citizenship to all requires, as a basis, reaffirming its links with employment and seeking political options that recognise and support the opportunity for all men and women to obtain proper work.
A reappraisal of the employment debate, blending a range of theoretical, historical, and sociological approaches to contentious issues facing all capitalist societies.
This volume is a debate about a sociology and economics of money: a form of positive trespassing. It is unique in being written by scholars of both disciplines committed to this mutual venture and in starting from the original groundwork laid by Geoffrey Ingham. The contributors look critically at money's institutions and the meanings and history of money-creation and show the cross cutting purposes or incommensurable sides of money and its crises. These arise from severe tensions and social conflicts about the production of money and its many purposes. We demonstrate the centrality of money to capitalism and consider social disorders since the 2007 crisis, which marks the timeliness and need for dialogue. Both disciplines have far too much to offer to remain in the former, damaging standoff. While we are thankful to see a possible diminution of this split, remnants are maintained by mainstream economic and sociological theorists who, after all the crises of the past 30 years, and many before, still hold to an argument that money really does not 'matter'. We suggest, to many different and interested audiences, that since money is a promise, understanding this social relation must be a joint though plural task between economics and sociology at the very least.
An argument that full employment is possible and that it requires abandoning masculine exclusiveness. Neo-classical economic revivalists and Tpost-industrial' progressives are criticised for accepting chronic unemployment, and models for full employment that are examined include a service sector-communities, low-wage outworkers, an industrial policy option and a sustainable economy path. The author is a lecturer in sociology at the University of New South Wales. References.
When the Federal Reserve, European Central Bank and Bank of England purchased bank and state debt during the 2007–2008 crisis, it became apparent that, when technically divorced from fiscal policy, monetary policy cannot revive but only prevent economic activity deteriorating further. Pixley explains how conflicting social forces shape the diverse, complex relations of central banks to the money production of democracies and the immense money creation by capitalist banking. Central banks are never politically neutral and, despite unfair demands, are unable to prevent collapses to debt deflation or credit/asset inflation. They can produce debilitating depressions but not the recoveries desired in democracies and unwanted by capitalist banks or war finance logics. Drawing on economic sociology and economic histories, this book will appeal to informed readers interested in studying democracies, banks and central banking's ambivalent positions, via comparative and distributive perspectives.
Most of us don't live in neat conventional families but the myth of the nuclear family is extremely powerful. Bittman and Pixley analyse the facts and the myths of family life in the 1990s.
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