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Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.
Book Synopsis Political Economy of Modern Capitalism by : Colin Crouch
Download or read book Political Economy of Modern Capitalism written by Colin Crouch and published by SAGE. This book was released on 1997-10-10 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.
This book discusses some of the most challenging ideas emerging out of the research program on institutional diversity associated with the 2009 co-recipient of 2009 Nobel Prize in economics, Elinor Ostrom, while outlining a set of new research directions and an original interpretation of the significance and future of this program.
Book Synopsis Institutional Diversity and Political Economy by : Paul Dragos Aligica
Download or read book Institutional Diversity and Political Economy written by Paul Dragos Aligica and published by Oxford University Press. This book was released on 2014-02 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses some of the most challenging ideas emerging out of the research program on institutional diversity associated with the 2009 co-recipient of 2009 Nobel Prize in economics, Elinor Ostrom, while outlining a set of new research directions and an original interpretation of the significance and future of this program.
These essays deal with the reconstruction of political economy as an evolutionary science. Four themes dominate the book: theoretical foundations; policy-making; empirical enquiry; and modelling. Other issues addressed include industrial/marketing restructuring and ecological sustainability.
Book Synopsis The Political Economy of Diversity by : Robert Delorme
Download or read book The Political Economy of Diversity written by Robert Delorme and published by Edward Elgar Publishing. This book was released on 1994 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays deal with the reconstruction of political economy as an evolutionary science. Four themes dominate the book: theoretical foundations; policy-making; empirical enquiry; and modelling. Other issues addressed include industrial/marketing restructuring and ecological sustainability.
The contributions to the volume present a challenge to conventional views on the extent and scope of globalization as well as to predictions of the imminent disappearance of the nation state's leverage over the economy.
Book Synopsis National Diversity and Global Capitalism by : Suzanne Berger
Download or read book National Diversity and Global Capitalism written by Suzanne Berger and published by Cornell University Press. This book was released on 1996 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributions to the volume present a challenge to conventional views on the extent and scope of globalization as well as to predictions of the imminent disappearance of the nation state's leverage over the economy.
A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education—the complex relationship of education, economic growth, and income distribution—and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues. After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education—its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.
Book Synopsis The Political Economy of Education by : Mark Gradstein
Download or read book The Political Economy of Education written by Mark Gradstein and published by MIT Press. This book was released on 2004-10-22 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education—the complex relationship of education, economic growth, and income distribution—and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues. After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education—its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.
With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004.Bohle and Greskovits show that the postsocialist states have established three basic variants of capitalist political economy: neoliberal, embedded neoliberal, and neocorporatist. The Baltic states followed a neoliberal prescription: low controls on capital, open markets, reduced provisions for social welfare. The larger states of central and eastern Europe (Poland, Hungary, and the Czech and Slovak republics) have used foreign investment to stimulate export industries but retained social welfare regimes and substantial government power to enforce industrial policy. Slovenia has proved to be an outlier, successfully mixing competitive industries and neocorporatist social inclusion. Bohle and Greskovits also describe the political contention over such arrangements in Romania, Bulgaria, and Croatia. A highly original and theoretically sophisticated typology of capitalism in postsocialist Europe, this book is unique in the breadth and depth of its conceptually coherent and empirically rich comparative analysis.
Book Synopsis Capitalist Diversity on Europe's Periphery by : Dorothee Bohle
Download or read book Capitalist Diversity on Europe's Periphery written by Dorothee Bohle and published by Cornell University Press. This book was released on 2012-08-15 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004.Bohle and Greskovits show that the postsocialist states have established three basic variants of capitalist political economy: neoliberal, embedded neoliberal, and neocorporatist. The Baltic states followed a neoliberal prescription: low controls on capital, open markets, reduced provisions for social welfare. The larger states of central and eastern Europe (Poland, Hungary, and the Czech and Slovak republics) have used foreign investment to stimulate export industries but retained social welfare regimes and substantial government power to enforce industrial policy. Slovenia has proved to be an outlier, successfully mixing competitive industries and neocorporatist social inclusion. Bohle and Greskovits also describe the political contention over such arrangements in Romania, Bulgaria, and Croatia. A highly original and theoretically sophisticated typology of capitalism in postsocialist Europe, this book is unique in the breadth and depth of its conceptually coherent and empirically rich comparative analysis.
Prevailing interpretation in international political economy following the work of such analysts as Easterly and Alesina, is that ethnic and linguistic diversity is harmful to economic development because it is a source of division and even destructive political conflict. This study takes a very different view. It argues that ethnic and linguistic diversity is a source of creativity and productivity in society and therefore is an indispensable component of economic development. Based on an examination of advanced-industrial (OECD) countries, this is the first study to show at the macro-level across countries that ethnic and linguistic diversity is a positive source of creativity for society. Extensive econometric analysis backs up the empirical findings of the study. This work promises to steer international political economy in a new direction. It will highlight the positive contributions to entrepreneurship, technological innovation, and economic growth in the modern society of the Information Age. An important qualification of the findings is that the study shows how important government support is for research and development. Without this support much of the creativity in society in terms of skill and manpower gets lost or wasted. This book is original and groundbreaking. It adds a new dimension to the fields of international political economy and international political finance.
Book Synopsis Economic Benefits of Ethnolinguistic Diversity by : Agnieszka Aleksy-Szucsich
Download or read book Economic Benefits of Ethnolinguistic Diversity written by Agnieszka Aleksy-Szucsich and published by . This book was released on 2008 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prevailing interpretation in international political economy following the work of such analysts as Easterly and Alesina, is that ethnic and linguistic diversity is harmful to economic development because it is a source of division and even destructive political conflict. This study takes a very different view. It argues that ethnic and linguistic diversity is a source of creativity and productivity in society and therefore is an indispensable component of economic development. Based on an examination of advanced-industrial (OECD) countries, this is the first study to show at the macro-level across countries that ethnic and linguistic diversity is a positive source of creativity for society. Extensive econometric analysis backs up the empirical findings of the study. This work promises to steer international political economy in a new direction. It will highlight the positive contributions to entrepreneurship, technological innovation, and economic growth in the modern society of the Information Age. An important qualification of the findings is that the study shows how important government support is for research and development. Without this support much of the creativity in society in terms of skill and manpower gets lost or wasted. This book is original and groundbreaking. It adds a new dimension to the fields of international political economy and international political finance.
The bulk of contemporary economics assumes rather than explains differences between people or groups of people. Yet, many of these differences are produced by society or they imply differing opportunities and outcomes. This book argues that economists should concern themselves with the explanation of the social causes and effects of such differences. D’Ippoliti introduces the concept of diversity to summarise all differences that are of social origin and that a theory or model seeks to explain. This contrasts with the traditional concept of heterogeneity that instead refers to differences that are deemed to be exogenous of economic theory. In approaching this, the book ranges from the fields of methodology and history of economics to applied empirical work, as well as gender diversity which is considered in depth. The analysis of the thinking of two major economists of the past, John Stuart Mill and Gustav Schmoller, demonstrates how gender diversity exemplifies some of the fundamental issues in economics, such as the division of labour, society’s capacity to reproduce itself, and the role of social institutions and their impact on individual and collective behaviour. The book maintains that growth of GDP and of the services sector cannot be trusted to automatically bring about greater inclusion of women in the labour market. Active policy interventions are needed, spanning from the removal of discrimination to the provision of public services and the establishment of fair competition in the market, along with an improved division of social and political power between the sexes. This work will be of interest to researchers and students focusing on the history of economic thought, labour economics, social policy and gender studies.
Book Synopsis Economics and Diversity by : Carlo D'Ippoliti
Download or read book Economics and Diversity written by Carlo D'Ippoliti and published by Routledge. This book was released on 2011-05-15 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bulk of contemporary economics assumes rather than explains differences between people or groups of people. Yet, many of these differences are produced by society or they imply differing opportunities and outcomes. This book argues that economists should concern themselves with the explanation of the social causes and effects of such differences. D’Ippoliti introduces the concept of diversity to summarise all differences that are of social origin and that a theory or model seeks to explain. This contrasts with the traditional concept of heterogeneity that instead refers to differences that are deemed to be exogenous of economic theory. In approaching this, the book ranges from the fields of methodology and history of economics to applied empirical work, as well as gender diversity which is considered in depth. The analysis of the thinking of two major economists of the past, John Stuart Mill and Gustav Schmoller, demonstrates how gender diversity exemplifies some of the fundamental issues in economics, such as the division of labour, society’s capacity to reproduce itself, and the role of social institutions and their impact on individual and collective behaviour. The book maintains that growth of GDP and of the services sector cannot be trusted to automatically bring about greater inclusion of women in the labour market. Active policy interventions are needed, spanning from the removal of discrimination to the provision of public services and the establishment of fair competition in the market, along with an improved division of social and political power between the sexes. This work will be of interest to researchers and students focusing on the history of economic thought, labour economics, social policy and gender studies.
Book Synopsis Economic Benefits of Ethnolinguistic Diversity by :
Download or read book Economic Benefits of Ethnolinguistic Diversity written by and published by Cambria Press. This book was released on with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt:
The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterised human societies.
Book Synopsis The Evolution of Economic Diversity by : Antonio Nicita
Download or read book The Evolution of Economic Diversity written by Antonio Nicita and published by Routledge. This book was released on 2013-12-16 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterised human societies.
