Political economy Books

Book SynopsisConstitutional political economy has emerged as an indispensable part of political economy. This book offers a concise survey of the questions, methods, and empirical findings central to this topic. What effects if any do constitutions have within autocracies? Can small electoral districts help reduce corruption? Does a country''s leadership affect the size of its government? Can direct democratic institutions increase politicians'' accountability to citizens? Stefan Voigt, a pioneer in the field, explores these questions and more throughout the course of this cutting-edge primer. As the number of courses in constitutional economics continues to grow, this book fills an important gap in the literature. This highly original project maintains curiosity about the questions it generates, identifying potential new areas of research whilst successfully demonstrating the impact constitutional rules have on political economy.Trade Review'Over the last 30 years or so, 'constitutional political economy' has emerged as an important branch of political economy, or more broadly political science and economics. This Primer presents a comprehensive survey of the diverse literatures that are relevant for the field. Although primarily designed for use in the classroom, it provides an excellent introduction to the field for scholars unfamiliar with this literature. Moreover, Stefan Voigt surveys such a vast number of relevant contributions that even scholars working within the field will discover works with which they were unfamiliar.' Dennis Mueller, Emeritus Professor of Economics, University of Vienna'This volume by one of the masters of constitutional political economy is the perfect introduction to this important line of research. It combines a state-of-the-art summary of current debates with clear, accessible writing. Highly recommended for those new to the field, but also essential reading for those who've worked in it as well.' Tom Ginsburg, Leo Spitz Professor of International Law and Professor of Political Science, University of Chicago'What happens when the toolkit of political economy is applied to the study of constitutional rules? The result is constitutional economics—a field that legal scholars and social scientists alike should get to know, because they will be hearing a lot more about it for years to come. And one could not ask for a clearer or more knowledgeable overview of this burgeoning field than this elegant volume by Stefan Voigt. Newcomers and advanced readers alike will benefit from its concise, candid, and critical evaluation of both the existing literature and the work that remains to be done.' David Law, Chancellor's Professor, University of California, Irvine'Comprehensiveness combined with successful brevity makes the book a valuable reference volume. An important contribution of the book is to point out studies that qualify or contradict results of past studies that have been given prominence and may have come to be regarded as having provided definitive answers to important questions. The book is suitable for researchers who want a succinct introductory overview as well as for researchers in the field who want to ensure that they have not missed essential questions and contributions.' Arye L. Hillman, Public ChoiceTable of ContentsIntroduction; 1. Conceptual Foundations; 2. Democracy vs. Autocracy; 3. Positive Constitutional Economics; 4. Conclusions – and Possible Future Issues; Appendix 1. Coding Countries According to Two Governance Scores; Appendix 2. Empirical Results at a Glance: Constitutional Rules as Explanatory Variables, Cross-Country Results Unless Otherwise Noted

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Book SynopsisThis book derives from research and fieldwork in the rural and tribal hinterland of India, particularly in the mineral rich states. It looks at the nuances of land and resource politics and summarizes the long-standing land acquisition and mining debate. It discusses the relevant theoretical arguments from inter-disciplinary perspectives and develops an argument through the case study of Singrauli, a region in Madhya Pradesh in India, that has seen various ''regimes of dispossession'' in the last six decades in India. It looks at the legal and policy arguments around right to property, ''fair'' compensation, public purpose and the resource curse debate, and at contested ''spaces'' (left wing extremism) and resource-capital relationships.Table of ContentsList of tables and maps; List of figures and pictures; Preface; Part I: 1. Introduction: from colonial regime to 'welfare state'; 2. State, space and people; 3. Land, mines and minerals; 4. Land acquisition and resource development in India; 5. Resource development and compensation issues; Part II: 6. Singrauli: a 'space' of dependence; 7. Singrauli: a development dilemma; 8. Administering Singrauli: governance and institutions; 9. Land acquisition in the contemporary Singrauli: reflections from the field; Part III: 10. Understanding development; 11. Conclusion; Index.

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Book SynopsisMadagascar''s long-term trajectory is unique: not only has GDP per capita been trending downward since 1960 (the puzzle), but every time the country has set out on the path of growth, it has been stopped in its tracks by a socio-political crisis that has shattered the hopes it raised (the paradox). No satisfactory explanation of this failure has been provided so far. This book elaborates a model of intelligibility of Madagascar''s downfall, based on an integrated political economy approach as well as mobilizing the most recent development theories. Combining a review of historical literature with original and sometimes unique statistical surveys, it proposes a general interpretative framework for the workings of Malagasy society. Richly documented and accessible, Puzzle and Paradox allows readers to understand Madagascar''s sociopolitical history while more broadly offering an opportunity to grasp the different dimensions of development in the Global South.Trade Review'The economy of Madagascar is quite unlike that of other states on the African continent. Puzzle and Paradox is a rare attempt to understand this phenomenon at a fundamental level. This book is sure to make us reconsider the entire issue of development much more critically.' Maurice Bloch, London School of Economics'This book develops a skillful and timely perspective of Madagascar's political economy in order to address why income per head in Madagascar declined by one third between 1950 and 2015, while tripling in other sub-Saharan economies. This assessment of the potential causes, underlying the unusual short cyclicity of economic booms and political bursts, will be helpful in designing sustainable progressive reforms, especially at a time when sustainable development goals are focusing on local developments.' Pascal Petit, CNRS Director of Research, Centre d'Economie de Paris Nord, University of Paris'This book provides a convincing answer to the riddle of Madagascar, a poor country despite its many assets. Madagascar's misfortune has its roots in a hierarchical, atomized society whose secular immobilism is marked by brief surges of hope repeatedly dashed by ruinous political and economic crises.' Jean Fremigacci, University of TananariveTable of ContentsForeword; Acknowledgements; Abbreviations and acronyms; General introduction; 1. The Malagasy mystery through the lens of economic growth and development theories; 2. Milestones for a political economy of Madagascar's trajectory; 3. Structural assets; 4. Obstacles; 5. Elites in Madagascar: a sociography; General conclusion; Timeline; Glossary of Malagasy terms; References; Index.

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Book SynopsisFinancial capital affects domestic politics, and can finance policies that entrench authoritarian rule. This book presents theoretical foundations, cross-national quantitative analysis, and specific historical examples to challenge existing studies and contribute to important literatures in economics and political science.Trade Review'Faisal Z. Ahmed's study reveals how dictatorships seek foreign capital to sustain their grip on power. previous studies have focused on specific types of capital, such as foreign aid, Ahmed provides a clear, integrated treatment of three major sources: aid, direct investments, and remittances. His conclusion, that these capital flows serve dictatorships in strikingly different ways, is an important contribution to international political economy.' Charles Lipson, Peter B. Ritzma Professor Emeritus of Political Science, University of Chicago'Ahmed provides a marvelous multi-method account of how political institutions mediate the international transfer of funds to governments, people, and firms. His theory emphasizes variation in incentives to governments depending on regime type, and his method engages rich statistical evidence, illustrative cases, and careful attention to endogeneity. The Perils of International Capital specifically focuses on autocracies and documents how capital flows in the form of foreign aid, remittances, and foreign direct investment bolster dictatorships. This is an accomplishment in itself. However, the major achievement of the book is in taking us a major step forward to a deeper and fuller comparative understanding of the effects of contemporary globalization.' Margaret Levi, Director of the Center for Advanced Study in the Behavioral Sciences, Stanford University, California'Scholars of globalization have long thought that openness to capital flows would prove destabilizing to the world's authoritarian regime. The Perils of International Capital shows that the opposite is true, providing a unified theoretical account explaining how foreign sources of financing - aid, remittances, and investment - in fact stabilize authoritarian regimes. Applying rigorous statistical tools to a global dataset, and sensitive to the challenges of causal inference, this book is an essential contribution to the international political economy of authoritarianism and democratization.' Thomas Pepinsky, Cornell University'A good book does not close the conversation, but opens it. Faisal Ahmed has written a really good book, opening a conversation about the influence of foreign capital on non-democratic governments.' Erik Jones, SurvivalTable of Contents1. The politics of international capital; 2. International capital and authoritarian survival: a descriptive overview; 3. Foreign rents and rule; 4. Aiding repression; 5. Remittances and autocratic power; 6. Foreign investments in militarism; 7. Conclusion.

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Book SynopsisThis innovative analysis investigates a complex issue of tremendous economic and political importance: what makes some countries vulnerable to banking crises, while others emerge unscathed? Banks on the Brink explains why some countries are more vulnerable to banking crises than others. Copelovitch and Singer highlight the effects of two variables in combination: foreign capital inflows and the relative prominence of securities markets in the domestic financial system. Foreign capital is the fuel for banks'' potentially dangerous behavior, and banks are more likely to take on excessive risks when operating in a financial system with large securities markets. The book analyzes over thirty years of data and provides historical case studies of two key countries, Canada and Germany, each of which explores how political decisions in the 19th and early-20th centuries continue to affect financial stability today. The analyses in this book have crucial policy implications, identifying potentiaTrade Review'This book is really interesting, and potentially very important for our understanding of crises and for public policy. Copelovitch and Singer advance a thesis that is quite different, and considerably more subtle, than the standard accounts of why legislators tolerate fragile financial systems. This survives its own tests. I hope others pick up the challenge.' Paul Tucker, Harvard University'The best scholarship in political economy combines macroeconomics with a deep sense of its social and historical embeddedness. Copelovitch and Singer's work is such a masterpiece … This book is not only a brilliant empirical investigation, but also a compelling history of the financial development of Canada and Germany. Anybody interested in financial market stability, from regulators to scholars and journalists, should read this work.' Mark Manger, University of Toronto'Copelovitch and Singer provide a compelling, comprehensive, and well-written analysis of why some countries are prone to banking crises while others are not. By demonstrating how the institutional context and the availability of international capital jointly shape banks' propensity to engage in risky behavior, this impressive book makes an important and timely contribution to our understanding of how globalization affects the stability of the world economy.' Stefanie Walter, Universität Zürich'Modern economic history is littered with banking crises that devastate economies and polarize politics. In Banks on the Brink, Mark Copelovitch and David Singer analyze the sources of these crises. They argue that domestic financial-market conditions, especially the role of securities markets, and international capital flows are responsible for banking crises. Their careful logic, statistical analyses, and detailed case studies make compelling reading for anyone interested in the economics and politics of finance.' Jeffry Frieden, Harvard University'Much recent work on banking crises focuses on emerging market economies in East Asia and Latin America. This timely book instead asks why there are banking crisis in developed economies and what policy-makers can do about them. As in the emerging market cases, the authors find that capital flows from abroad are an important potential trigger for banking crises. But what sets the developed world apart is the potential use of such capital and the structure of their financial systems, which are linked. As the case studies for Canada and Germany indicate, banks in countries with underdeveloped securities markets do not face pressure to channel this 'hot' capital to risky uses. In countries with developed security markets, however, risky behaviour is more likely, as are then banking crises. The policy implications follow convincingly from the analysis – address large current account deficits and increase capital requirements. Anyone interested in understanding crises and how to make them less frequent should read this book.' Mark Hallerberg, Hertie School of Governance'This book compares the two designs and focuses on financial market disintermediation and the importance of cross-border capital flows to explain the degree of financial instability in the two countries. Key lessons (and a few surprises) are drawn from the two cases for policy initiatives to contain damaging instability at tolerable costs to financial efficiency and innovation.' I. Walter, ChoiceTable of Contents1. The politics and economics of financial instability; 2. Banking crises, capital flows, and financial market structure; 3. Capital inflows, market structure, and banking crises: empirical evidence; 4. O Canada? Unraveling the mystery of Canadian bank stability; 5. Finanzplatz Deutschland: German bank stability and its decline; 6. Policy responses: what to do (and not to do) about financial instability.

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Book SynopsisBusinesspeople run for and win elected office around the world, with roughly one-third of members of parliament and numerous heads of states coming directly from the private sector. Yet we know little about why these politicians choose to leave the private sector and what they actually do while in government. In Politics for Profit, David Szakonyi brings to bear sweeping quantitative and qualitative evidence from Putin-era Russia to shed light on why businesspeople contest elections and what the consequences are for their firms and for society when they win. The book develops an original theory of businessperson candidacy as a type of corporate political activity undertaken in response to both economic competition and weak political parties. Szakonyi''s evidence then shows that businesspeople help their firms reap huge gains in revenue and profitability while prioritizing investments in public infrastructure over human capital. The book finally evaluates policies for combatting politiTrade Review'Businesspeople in politics? What could go wrong? Read this fantastic book if you want to know - and you should - how non-market strategy can transform politics and undermine policymaking.' Scott Gehlbach, University of Chicago'Szakonyi's research unearths a wealth of data - both qualitative and quantitative - to shine a bright light on the political strategies business people in Russia adopt, and on the outsized rewards they can reap. Politics for Profit is a model of empirical investigation and innovative theorizing. Anyone interested in how business translates money into power should read this book.' Ben Ross Schneider, Massachusetts Institute of Technology'David Szakonyi makes an exceptional contribution to our understanding of the politics of post-Soviet Russia, and of other countries with over-controlled market economies, by bearing down on businesspersons who run for and gain control of political office. The theory is sharp, the empirics dazzling, and the execution smooth.' Timothy J. Colton, Harvard University'In his analysis of the intersection between business and politics, David Szakonyi makes two compelling arguments. First, members of the business community have strong incentives to run for political office. Why settle for a hit-or-miss strategy of influencing politicians and public policy from the outside when you could take the more direct route of running for political office? Second, while many politicians with a business background like to argue that they will restore efficiency to government, their impact - as the Russian case study makes clear - is quite the opposite. They do not just reduce competition by championing their businesses over others; they also invariably favor the interests of business over the interests of the citizenry.' Valerie Jane Bunce, Cornell University'The question of how business people influence politics has never been more topical. With careful arguments and original field research, David Szakonyi disentangles the relationship between money and power in Putin's Russia. Politics for Profit offers numerous insights into the political economy of countries where rule of law is weak.' Daniel Treisman, University of California, Los Angeles'Makes for a stimulating read and is a promise of great things to come.' George Regkoukos, Eurasian Geography and Economics'The book offers valuable contributions to the theoretical literatures on state capture, corruption, democratization, regional politics, and political and economic development in middle-income countries.' Hilary Appel, Comparative Politics'The author draws on a broad range of data, including numerous interviews with regional businesspeople. His rigorous scientific methods complement an enjoyable and convincing narrative.' Maria Lipman, Foreign Affairs'Szakonyi's Politics for Profit is clear, well-organised and grounded in a wealth of evidence … [it] is an ambitious and thorough book that considerably advances existing scholarship on the influence of business in politics. Policymakers would do well to consider Szakonyi's recommendations, and researchers should seize the opportunity to test his conclusions in other cases.' Isabelle DeSisto, Europe-Asia StudiesTable of ContentsIntroduction; 1. A Theory of Businessperson Candidacy; 2. Identifying Businesspeople Who Run for Office; 3. Economic Competition, Weak Parties, and Businessperson Candidacy; 4. Choosing Ballots, Parties and Delegates; 5. Firm-Level Returns to Businessperson Candidacy; 6. Businesspeople as Policymakers; 7. Conclusion and Policy Recommendations.

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Book SynopsisThe book develops the law of political economy as a new field of scholarly enquiry. Based on empirical insights from a wide range of areas, it provides a novel conceptual framework for studying conflicts and challenges in political economy contexts while outlining the contours of a new law of political economy.Trade Review'What emerges from the contributions is that political economy not only involves the economy in its narrow sense and the institutional political field but also extends to our view of the social and ecological worlds and the central role played by law in these contexts.' Horatia Muir Watt, Revue Critique de Droit International Privé'By exploring some of the regulatory challenges of the globalizing economy from interdisciplinary, albeit mainly European perspectives, the [book] can inspire American and European academics and practitioners in elaborating common responses to the regulatory challenges of authoritarian power politics and multilevel governance of global public goods in the rapidly changing context of climate change, global health pandemics, and obvious governance failures.' Ernst-Ulrich Petersmann, The Journal of International Economic Law'… this collection provides a valuable foundation for understanding law and political economy.' S. Prisco III, Choice'Although scholars on both left and right often view law as only an epiphenomenon of political economy, this dynamic and multifaceted collection of essays persuasively suggests the opposite: law and political economy mutually constitute each other. Law therefore inevitably reflects, reinforces, restrains, reproduces and resists the driving forces of political economy. Illuminating and consistently provocative, The Law of Political Economy is a groundbreaking volume that complicates our understanding of both law and economics amidst the political turmoil and transformation of the early twenty-first century.' Paul Schiff Berman, Walter S. Cox Professor of Law, George Washington University'A brilliant collection including contributions from leading international scholars that together offer extended critical engagement with key concepts: governance, democratic participation, legality, rights. It is bound to become an important point of reference in ongoing debates on both sides of the Atlantic concerning law and political economy in the twenty-first century.' Ruth Dukes, University of GlasgowTable of Contents1. The law of political economy: an introduction Poul F. Kjaer; Part I. Studying the Law of Political Economy: 2. The legal proprium of the economic constitution Christian Joerges and Michelle Everson; 3. The myth of democratic governance Emilios Christodoulidis; 4. A political economy of contemporary legality Duncan Kennedy; Part II. Transformations of the Law of the Globalising Economy: 5. Law in global political economy: now you see it, now you don't David Kennedy; 6. Law of natural resource extraction and money as key to understanding global political economy and potential for its transformation Isabel Feichtner; 7. 'Social nature': political economy, science, and the law in the Anthropocene Jaye Ellis; Part III. The Transformation of the Law of Political Economy in Europe: 8. The transformative politics of European private law Hans-W. Micklitz; 9. Socio-economic imaginaries and European private law Marija Bartl; 10. The transformative socio-economic effects of EU competition law: from producerism to consumerism Jotte Mulder; 11. On the vanishing functional autonomy of European labour law (and some dangerous counter-movements) Stefano Giubboni; Part IV. Towards a New Law of Political Economy: 12. The future of law –'serial law'? Karl-Heinz Ladeur; 13. After governance? The idea of a private administrative law Rodrigo Vallejo; 14. The transnational dimension of constitutional rights: framing and taming 'private' governance beyond the state Lars Viellechner; 15. Counter-rights: on the trans-subjective potential of subjective rights Gunther Tuebner.

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Book SynopsisIn 2008 the world experienced the Great Recession, a financial and economic crisis of enormous proportions and the greatest economic downturn since the 1930s. In its wake, unemployment became a key preoccupation of West European publics and politicians. This comparative study considers the policy debates surrounding unemployment in the United Kingdom, Germany, France, Italy, Denmark and Switzerland since 2008. With an over-arching focus on drawing out cross-national commonalities and differences, the authors ask whether patterns of political communication vary across countries. Their analysis draws on interviews with labour market policy-makers in the six selected countries, and paints a revealing picture. Appealing to researchers in comparative politics, political communication and welfare state research, this book will also interest practitioners involved in labour market policy.Trade Review'Written by policy experts and public communication specialists, this volume provides a very effective analysis of the debate on unemployment in Europe in the aftermath of the Great Recession. It convincingly shows that the link between policies and discourse is key to our knowledge of the politics of unemployment. A great read for anyone who wants to understand how complex political economies react when things go wrong.' Giuliano Bonoli, Université de Lausanne'This highly important book studies policy debates about unemployment at the height of the Great Recession in six Western European countries on the basis of innovative survey and interview data and rigorous comparative analysis. It shows that these debates are regime-dependent, and they also strongly depend on the arenas they take place in (parliamentary or administrative/corporatist). Therefore, this masterful book is equally important for scholars in political communication and in policy analysis: the contents and dynamics of debates cannot be understood without context-specific policy knowledge; and understanding policy change requires linking ideas to agency through the study of debates.' Silja Häusermann, Universität ZürichTable of ContentsPart I. The Context Structures and the Policy-Specific Debates: 1. Introduction: shaping the debate on unemployment and the labor market Hanspeter Kriesi, Laurent Bernhard, Flavia Fossati and Regula Hänggli; 2. Theoretical framework: production of policy-specific political communication Regula Hänggli and Flavia Fossati; 3. The political contexts of the national policy debates Hanspeter Kriesi, Flavia Fossati, Laurent Bernhard; 4. The variety of national debates Hanspeter Kriesi, Laurent Bernhard, Flavia Fossati, Regula Hänggli and Christian Elmelund-Præstekær; Part II. The Political Actors and Their Assets: 5. What affects power in the labor market domain? Laurent Bernhard; 6. The labor market policy space Flavia Fossati; 7. Beliefs or interests: what is the driving force behind coalition formation? Laurent Bernhard; 8. The action repertoires for shaping the debates Laurent Bernhard; Part III. Communicating in Public: 9. Framing strategies: important messages in public debates Regula Hänggli; 10. The positioning of the actors in the public debates Hanspeter Kriesi and Regula Hänggli; 11. Inside the interaction context Laurent Bernhard; 12. Quality of public debates Regula Hänggli and Richard van der Wurff; Part IV. Conclusion: 13. Conclusion Laurent Bernhard.

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Book SynopsisRevealing the hidden yet powerful dynamic of international standards in contemporary global political economy, this book will appeal to practitioners active in economic and political affairs, as well as graduate students and scholars across various fields, including political science, sociology, economics, and business and organisational studies. This book is also available as Open Access.Trade Review'This volume makes a significant contribution to scholarship on global governance. It traces the 'power of standards' and its connections to 'hybrid authority'. Steering clear of simplifications, the volume emphasizes the generic ambiguity of the standards that define the status of public and private actors, the issues and the spaces of global governance that in turn redefine the standards. The volume does this moving from an overarching analysis of the trade in services, to an analysis of the insurance industry and the outsourcing of business processes to India. Graz offers a refreshingly non-dogmatic, empirically grounded engagement with the questions surrounding who governs, how and with what implications in the contemporary world.' Anna Leander, Institut de hautes études internationales et du développement, Geneva'Standardisation, originating from the world of engineers and production companies, is now also being applied for services and complex technical and societal systems. Its increasing importance for shaping business and society challenges the role of governments. This book provides better understanding.' Henk J. de Vries, Erasmus Universiteit Rotterdam'The Power of Standards is a must-read book for all those interested in the functioning of transnational regulation, hybrid authority and present-day spaces of globalization. Drawing empirically on the services industry and on India in particular, Graz provides insightful theoretical reflections on how ambiguity confers authority across sovereign spaces, and thus informs key current debates in international relations and international political economy.' Stefano Ponte, Copenhagen Business SchoolTable of ContentsIntroduction; 1. The rise of transnational hybrid authority: a primer; 2. Service offshoring: the new frontier of globalisation; 3. Standards as regulation; 4. Doubling security: prudential standards for insurance regulation; 5. Standards to create new insurance markets; 6. The world office; 7. Standards and business process outsourcing in India; Conclusions.

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Book SynopsisWhy do some people support redistributive policies such as a generous welfare state, social policy or protections for the poor, and others do not? The (often implicit) model behind much of comparative politics and political economy starts with redistribution preferences. These affect how individuals behave politically and their behavior in turn affects the strategies of political parties and the policies of governments. This book challenges some influential interpretations of the political consequences of inequality. Rueda and Stegmueller provide a novel explanation of how the demand for redistribution is the result of expected future income, the negative externalities of inequality, and the relationship between altruism and population heterogeneity. This innovative and timely volume will be of great interest to readers interested in the political causes and consequences of inequality.Table of Contents1. Introduction; Part I. Material Self-Interest: Redistribution and Insurance: 2. Income, income expectations, redistribution and insurance; 3. Income expectations as determinants of redistribution; Part II. Beyond Income: Externalities of Inequality: 4. Externalities and redistribution; 5. Analysis of externalities; Part III. Beyond Income: Population Heterogeneity: 6. Heterogeneity and redistribution; 7. Analysis of heterogeneity; Part IV. From Preferences to Voting: 8. The political consequences of redistribution demands; 9. Conclusion; Appendices.

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Book SynopsisBusinesspeople run for and win elected office around the world, with roughly one-third of members of parliament and numerous heads of states coming directly from the private sector. Yet we know little about why these politicians choose to leave the private sector and what they actually do while in government. In Politics for Profit, David Szakonyi brings to bear sweeping quantitative and qualitative evidence from Putin-era Russia to shed light on why businesspeople contest elections and what the consequences are for their firms and for society when they win. The book develops an original theory of businessperson candidacy as a type of corporate political activity undertaken in response to both economic competition and weak political parties. Szakonyi''s evidence then shows that businesspeople help their firms reap huge gains in revenue and profitability while prioritizing investments in public infrastructure over human capital. The book finally evaluates policies for combatting politiTrade Review'Businesspeople in politics? What could go wrong? Read this fantastic book if you want to know - and you should - how non-market strategy can transform politics and undermine policymaking.' Scott Gehlbach, University of Chicago'Szakonyi's research unearths a wealth of data - both qualitative and quantitative - to shine a bright light on the political strategies business people in Russia adopt, and on the outsized rewards they can reap. Politics for Profit is a model of empirical investigation and innovative theorizing. Anyone interested in how business translates money into power should read this book.' Ben Ross Schneider, Massachusetts Institute of Technology'David Szakonyi makes an exceptional contribution to our understanding of the politics of post-Soviet Russia, and of other countries with over-controlled market economies, by bearing down on businesspersons who run for and gain control of political office. The theory is sharp, the empirics dazzling, and the execution smooth.' Timothy J. Colton, Harvard University'In his analysis of the intersection between business and politics, David Szakonyi makes two compelling arguments. First, members of the business community have strong incentives to run for political office. Why settle for a hit-or-miss strategy of influencing politicians and public policy from the outside when you could take the more direct route of running for political office? Second, while many politicians with a business background like to argue that they will restore efficiency to government, their impact - as the Russian case study makes clear - is quite the opposite. They do not just reduce competition by championing their businesses over others; they also invariably favor the interests of business over the interests of the citizenry.' Valerie Jane Bunce, Cornell University'The question of how business people influence politics has never been more topical. With careful arguments and original field research, David Szakonyi disentangles the relationship between money and power in Putin's Russia. Politics for Profit offers numerous insights into the political economy of countries where rule of law is weak.' Daniel Treisman, University of California, Los Angeles'Makes for a stimulating read and is a promise of great things to come.' George Regkoukos, Eurasian Geography and Economics'The book offers valuable contributions to the theoretical literatures on state capture, corruption, democratization, regional politics, and political and economic development in middle-income countries.' Hilary Appel, Comparative Politics'The author draws on a broad range of data, including numerous interviews with regional businesspeople. His rigorous scientific methods complement an enjoyable and convincing narrative.' Maria Lipman, Foreign Affairs'Szakonyi's Politics for Profit is clear, well-organised and grounded in a wealth of evidence … [it] is an ambitious and thorough book that considerably advances existing scholarship on the influence of business in politics. Policymakers would do well to consider Szakonyi's recommendations, and researchers should seize the opportunity to test his conclusions in other cases.' Isabelle DeSisto, Europe-Asia StudiesTable of ContentsIntroduction; 1. A Theory of Businessperson Candidacy; 2. Identifying Businesspeople Who Run for Office; 3. Economic Competition, Weak Parties, and Businessperson Candidacy; 4. Choosing Ballots, Parties and Delegates; 5. Firm-Level Returns to Businessperson Candidacy; 6. Businesspeople as Policymakers; 7. Conclusion and Policy Recommendations.

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Book SynopsisThis book presents the main economic argument developed by Marx in the three volumes of Capital in a coherent and comprehensive manner. It also delves into three long-standing debates in Marxist political economy: the transformation problem, the Okishio theorem, and theories of exploitation and oppression. Starting with discussions of methodology, including dialectics and historical materialism, the book explains key concepts of Marxist political economy: commodity, value, money, capital, reserve army of labour, accumulation of capital, circuit of capital, reproduction schemas, prices of production, profit, interest and rent. Scholars of economics, sociology, geography, political science, anthropology, and other kindred disciplines, will find here an accessible yet rigorous treatment of Marxist political economy.Trade Review'This brilliant book is a worthy successor to Paul Sweezy's classic, The Theory of Capitalist Development. Like Sweezy before him, Basu achieves that rare feat of providing both an introduction to Marxist political economy and also a response to some of the most sophisticated recent critiques of value theory. The book will be an indispensable resource for students coming fresh to Marxist economics as well as those looking to wade into the more advanced debates. It is a bravura performance.' Vivek Chibber, New York University, author of Postcolonial Theory and the Specter of Capital'Deepankar Basu's The Logic of Capital provides an elegantly written survey of Marx's analysis of capitalist production based on Basu's wide and scrupulously careful reading of Marx's text and the key contributions of the later literature. Anyone who wants to come to grips with the details and substance of Marx's theories of value, exploitation, and accumulation, including the controversial issues of the falling rate of profit and the 'transformation problem' will find this book an indispensable resource. Basu's book is destined to become a classic of the literature on Marxist economics.' Duncan K. Foley, The New School for Social Research, author of Understanding Capital, Unholy Trinity: Labor, Capital and Land in the New Economy'Deepankar Basu has written a much-needed new book in Marxist economics. Building upon the work of many Marxist analysts over the long period since Marx wrote his masterwork Capital, as well as Basu's own insightful analyses, the book offers a clearly written guide to the Marxist interpretation of capitalism. He covers the theory of historical evolution, the central relation of capitalism through which capital exploits labour by appropriating part of what labour produces, growth and crisis under capitalism, and the roles of merchants, financiers and landowners in capitalist society. The book introduces the reader to important recent developments in Marxist analysis such as the role of unpaid domestic labour in capitalism, the relation between capitalist exploitation and other forms of oppression, the transformation of capitalism in the neoliberal era since around 1980 and the increased part played by financial institutions in contemporary capitalism.' David Kotz, University of Massachusetts Amherst, author of The Rise and Fall of Neoliberal Capitalism'Basu's work ought to interest a wide audience among structuralist economists who acceptthe need to synthesize classical, Marxian and Keynesian traditions.' Thomas R. Michl, Review of Political EconomyTable of Contents1. Introduction; Part I. Foundations: 2. Some methodological issues; 3. Generation of surplus value; 4. Realisation of surplus value; 5. Distribution of surplus value; Part II. Further Explorations in Political Economy: 6. Capitalism and technical change; 7. The transformation problem; 8. Exploitation and oppression; Index.

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Book SynopsisSri Lanka''s apparel sector holds an enviable place in the imaginary of its competitors for having a niche position amongst global retailers, given its claims of producing ''garments without guilt''. Exploitative labour conditions are not part of the industry''s portfolio ethicality, eco-friendly production and unblemished conditions of work are. Sri Lanka''s transition away from a protracted ethnic war has meant that the industry portrays itself as investing in the former war zone to create jobs without reflection on how its vaunted mantle, the deployment of ethical codes effectively, themselves may be under duress. This book uses an analytical framing informed by labour and feminist perspectives to explore how labour struggles in the post-1977 period in Sri Lanka provided important resistance to capitalist processes and continue to shape the industry both within and outside of the shop floor. It studies contextual moments in the country''s recent history to rupture the dominant narrative and record the centrality of labour in the success of the country''s apparel industry.Trade Review'In Garments without Guilt? Dr Ruwanpura unpacks the global clothing industry's complexities as they play out in her home country, shining a nuanced light on ethical clothing initiatives in practice. Drawing on over 10 years of fieldwork, she highlights how Sri Lanka's better track record complying with health and safety codes compared to its South Asian neighbors is rooted as much in workers' movements and agency as it is in industry-led initiatives. Dr Ruwanpura also makes a compelling case that freedom of association, living wages, and humane treatment on the shop floor are ethical codes that remain a site of ongoing struggle.' Annelies Goger, Brookings Institution, Washington DC'How could Sri Lanka become a renown ethical sourcing destination in the global garment industry? And how could such reputation coexist with enduring exploitation of the workers, particularly in terms of overtime and low wage? Kanchana Ruwanpura builds on years of field research in Sri Lanka to develop a provocative and convincing answer to such questions, highlighting the role that local labor and social institutions actually played in creating conditions for the apparent success of global ethical governance. The contribution of labor and social development policies goes unacknowledged and is even threatened by the voluntary ethical regime, Ruwanpura argues, a regime which remains highly uneven and unstable in the social gains made by workers on the shop floor. Her book offers a thorough, inspiring reading for scholars concerned with the local developmental outcomes of economic globalization.' Florence Palpacuer, Montpellier Management Institute'Garments without Guilt? is a scholarly tour de force. Ruwanpura has challenged prevailing analyses of voluntary ethical governance codes which foreground global and national level standards while ignoring the central role of the state in investing in human capital. Educated workers are central to the struggles for decent working conditions and wages, on which the Sri Lankan garments industry claims to be a world leading ethical producer. Using rich ethnographic data obtained over more than a decade talking to factory managers and garment workers Ruwanpura has produced a vivid picture of the agency of the workers and the limitations of voluntary industrial and national regulations, as well as the dangers posed by ethnic divisions and conflict which could undermine ethical standards.' Ruth Pearson, University of Leeds'This book comes at a critical moment in the history of global garment production, with the utility of ethical corporate codes under renewed scrutiny in a pandemic ravaged industry. Ruwanpura argues that ethical codes do not simply travel to places, to be either vernacularized or forcibly imposed. Instead, global lexicons of ethicality are given meaning through their interpellation into 'local' mores and social/ethnic hierarchies. Outcomes are contingent on always shifting and contentious political terrains, including militarization and ethnic pacification in this instance, and corresponding spaces for contestation. Through fine-grained ethnographic and historical analysis, Ruwanpura argues that Sri Lanka's 'success' in implementing global governance regimes arises from its strong history of labor mobilization – including labor's ability to negotiate with the state and push back against tropes of sacrificing for factory, family and nation. Garments without Guilt is a significant and valuable addition to the scholarship on the global garment industry.' Dina M. Siddiqi, New York University'This book is the antidote to the frustrating tendency for the garment industry to be treated as an amorphous mass of factories that exist in identical conditions and social frameworks … The years of factory research … are clear in Ruwanpura's authoritative account of the historical context and current conditions that lie behind "Made in Sri Lanka" clothing label. In deciphering the ethical claims … this book does a brilliant job of showing that successes are not due to benevolence … but vital social institutions …' Tansy Hoskins, Resurgence and Ecologist'Ruwanpura's Garments Without Guilt? is a fruit of over a decade-long grounded fieldwork with apparel workers which puts in conversation their everyday realities in manufacturing with the industry's ethical standards. This book makes a significant contribution to scholarship on human geography and labour governance for its focus on the workers and their struggles (and victories) in a system that otherwise obscures the labour's role in shaping industries and their ethical and economic success. One of its key contributions is towards how the local social, political and economic realities determine the efficacy of globally enacted ethical regimes and how this translates into local industry efforts in devising and implementing their own standards. It is also significant that this book neatly compiles the labour histories of Sri Lanka from scattered sources, filling a gap in literature, while presenting the story of the apparel industry as told by the workers.' Achalie Kumarage, Competition and ChangeTable of ContentsAcknowledgements; List of Published Works and Funders; List of Tables, Figures and Images; Abbreviations; 1. Introduction: Global Labour Justice via Ethical Codes; 2. Labouring for Apparels: Labour Geographies and Feminist Inflections; 3. Fieldwork: Prolonged Phases and Multiple Moments; 4. Clothing the World – Guilt Free? Sri Lanka's Apparel Landscape; 5. Neglected Labour Histories: the Sri Lankan State Responds to Labour; 6. Ethicality with a Blind Eye? Ethical Code Practices at Production Sites; 7. From War to Work: Ethicality Amidst Post-War Trauma? 8. Concluding Thoughts: Grounded Governance?; Appendix; References; Index.

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Book SynopsisThe National Capital Region of Delhi is a diverse and unequal space. Its more than 30 million people are sharply differentiated by economic class, religion and caste, education, language, and migration status. Its 45,000 square kilometres is a tapestry of spaces - ghettoes, slums, enclaves, institutional areas, planned and unplanned and authorized and unauthorized colonies, forests and agricultural fields. In some ways it is a dynamic society aspiring to global city grandeur; in other ways it is a bastion of tradition, sectarianism and hierarchy. Colossus details these realities and paradoxes under three themes: social change, community and state, and inequality. From the material condition of the metropolis - its housing, services, crime and pollution - to its social organization - of who marries whom, who eats with whom, and who votes for whom - this book unpacks the complex reality of a metropolitan region that is emblematic of India's aspirations and contradictions.Table of ContentsIntroduction Sanjoy Chakravorty; Part I. State of the Metropolis: Overview: 1. Geography and demography: Mapping the metropolis Shrobona Karkun; 2. Assets and spatial inequality Neelanjan Sircar; 3. Housing and settlements: Invisible planning, visible exclusions Patrick Heller, Partha Mukhopadhyay, Shahana Sheikh and Subhadra Banda; 4. Services: Spatial inequality of basic infrastructure Shamindra Nath Roy; 5 Migration: Persisting inequalities and spatial disadvantage Khushdeep Kaur Malhotra; 6. Energy: electrifying the capital Radhika Khosla; 7. Crime: Victimization in New Delhi – Insights from new data Milan Vaishnav and Matthew Lillehaugen; Part II. Social and Political Change: Overview: 8. Religion, caste, class, politics: How urbanization affects social interactions and political behaviors Sumitra Badrinathan and Devesh Kapur; 9. Marriage: When, to whom, and how people get married Megan N. Reed; 10. Education: Understanding the gender gap in education and employment Deepaboli Chatterjee, Babu Lal, and Rimjhim Saxena; 11. Spatial politics: Sociality, transparency and ideas of community in Delhi and Gurgaon Sanjay Srivastava; 12. Politicians and netas: The politics of grievance and political intermediation Neelanjan Sircar; 13. Political parties: The emergence of the Aam Aadmi Party and the changing contours of the party system Adnan Farooqui; 14. Pollution: Vitiated air and thinking about Delhi's environment Awadhendra Sharan; Statistical Appendix; Index.

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Book SynopsisIndia and other countries chose a decentralised mode of delivering public services through elected local governments for increasing public welfare. However, great expectations of effective services, increased accountability and people''s participation were widely belied in practice. Based on field research in cities of Gujarat, Kerala, and Tamil Nadu, the book is a detailed examination of how state and local governments function and why decentralisation outcomes vary considerably. It locates the primary reason in governance practices that compromised autonomy and capacity of urban local governments. The book demonstrates that despite a constitutional mandate for decentralised governance, policy implementation got derailed in processes threading through laws, rules, and administrative actions. It shows how habitual practices create hidden institutional rigidities that thwart policy moves despite good intentions and democratic legitimacy. The book also discusses how to navigate policy toTrade Review'In simple and uncomplicated words, this book is path-breaking. Unlike rural panchayats, urban local self governance in India is understudied. By focusing on Trivandrum and Surat, among other things, this book gives us a deep understanding of why city governments function so differently in India. Counter-intuitive insights, especially about Kerala, abound. Urban India will become bigger and bigger in the coming years. Read this book to understand what is at stake!' Ashutosh Varshney, Brown University, USATable of ContentsDedication; Acknowledgements; Preface; List of Tables; List of Figures; Glossary; Abbreviations; Part I. Background: Chapter 1. Two Cities; Chapter 2. Approach and Argument; Part II. Local Capacity: Chapter 3. Running City Governments; Chapter 4. Organising City Governments; Part III. Accountability: Chapter 5. State-Local Relations; Chapter 6. Participation in City Governments; Part IV. Institutions, Policies and Implementation: Chapter 7. Theorising Decentralisation; Chapter 8. Governing Locally: Institutions and Policies; Chapter 9. Implementing 'Governing Locally'; References; Index.

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Book SynopsisVideo games aren''t merely casual entertainment: they are the heart of one of the fastest-growing media industries in the world, and a cultural phenomenon in their own right. Gaming has evolved from a niche pastime into a global business that rivals film and television, creating, in the process, new art forms and social arenas and have become the subject of endless public debate. This book shows that games also provide a unique space in which to study economic behavior. Games, more than any other form of media, demonstrate the power and creative potential of human choice - an idea that''s also the foundation of economic thinking. Whether it''s developing trade relations, or the use of money, or even complex legal institutions, virtual worlds provide a captivating and entertaining arena for studying economic behavior in its most dynamic forms. The overarching theme of the volume is the economic order that governs virtual worlds, and the many ways individuals work together, often withoutTable of ContentsIntroduction Matthew McCaffrey; 1. The Economic Meaning of Play: Ludology and Praxeology in Video Game Worlds Matthew McCaffrey; 2. Spontaneous Order and Video Game Narrative Zachary Gochenour; 3. Law and Economics in a World of Dragons Robert S. Cavender; 4. Minerals, Titans, and Connections: The Political Economy of Empire in the World of 'EVE Online' Stephen Davies; 5. The Origins of Money in 'Diablo II' Solomon M. Stein; 6. A Virtual Weimar: Hyperinflation in 'Diablo III' Peter C. Earle; 7. The Facilitate or Acquire Decision: The Tipping Points for Strategies Towards User-Generated Content in Massive Multiplayer Online Game Platforms Robert Conan Ryan; 8. Mod the World: How Entrepreneurs Learn from Video Game 'Modding' Communities William Gordon Miller; 9. Levels without Bosses? Entrepreneurship and Valve's Organizational Design Ulrich Möller and Matthew McCaffrey.

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Book SynopsisThe scientific advances that underpin economic growth and human health would not be possible without research investments. Yet demonstrating the impact of research programs is a challenge, especially in areas that span disciplines, industrial sectors, and encompass both public and private sector activity. All areas of research are under pressure to demonstrate benefits from federal funding of research. This exciting and innovative study demonstrates new methods and tools to trace the impact of federal research funding on the structure of research, and the subsequent economic activities of funded researchers. The case study is food safety research, which is critical to avoiding outbreaks of disease. The authors make use of an extraordinary new data infrastructure and apply new techniques in text analysis. Focusing on the impact of US federal food safety research, this book develops vital data-intensive methodologies that have a real world application to many other scientific fields.Trade Review'This book is the first to bring the 'Science of Science Policy' to bear on the important subject of food safety research. The authors develop and describe novel data resources and apply innovative approaches to glean insight into the roles of people in the complex pathways linking bench scientists to food consumers. The book sets the scene and provides a foundation for further work both to apply the same approaches to other contexts and to extend the analysis to quantify further the economic value of food safety research.' Julian M. Alston, University of California, Davis and and co-author of Persistence Pays: U.S. Agricultural Productivity Growth and the Benefits from Public R&D Spending'This book exploits new data tools to understand better the effects of public spending on research and development. The authors make creative use of research grant awards, employment records, and bibliometrics to trace the pathways through which food safety research affects the formation of knowledge networks and labor force skills necessary to improve the safety of our food supply.' Keith Fuglie, Agricultural economistTable of ContentsForeword; Preface: 1. Introduction and motivation Kaye Husbands Fealing, Julia Lane, John L. King and Stanley R. Johnson; 2. The current context Kaye Husbands Fealing, Lee-Ann Jaykus, and Laurian Unnevehr; 3. The conceptual and empirical framework Nathan Goldschlag, Julia Lane, Bruce Weinberg and Nikolas Zolas; 4. Identifying food safety related research Evgeny Klochikhin and Julia Lane; 5. The structure of research funding Reza Sattari, Julia Lane and Chia-Hsuan Yang; 6. The food safety research workforce and economic outcomes Matthew Ross, Akina Ikudo and Julia Lane; 7. New insights into food safety research teams Reza Sattari, Julia Lane and Jason Owen Smith; 8. Assessing the effects of food safety research on early career outcomes John L. King, Stanley R. Johnson, and Matthew Ross; 9. Describing patent activity Yeong Jae Kim, Evgeny Klochikhin and Kaye Husbands Fealing; 10. Describing scientific outcomes Evgeny Klochikhin and Kaye Husbands Fealing; 11. Conclusion Kaye Husbands Fealing, Stanley Johnson, John L. King, and Julia Lane; References; Index.

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Book SynopsisThe economic rise of Europe over the past millennium represents a major human breakthrough. To explain this phenomenon, this book highlights a counterintuitive yet central feature of Europe''s historical landscape: warfare. Historical warfare inflicted numerous costs on rural populations. Security was a traditional function of the city. To mitigate the high costs of conflict in the countryside, rural populations migrated to urban centers. Over time, the city''s historical role as a safe harbor translated into local economic development through several channels, including urban political freedoms and human capital accumulation. To make this argument, the book performs a wide-ranging analysis of a novel quantitative database that spans more than one thousand years, from the fall of the Carolingian Empire to today. The book''s study of urban Europe''s historical path from warfare to wealth provides a new way to think about the process of long-run economic and political development.Trade Review'This bold and fascinating book argues that the prosperity of the modern West grew out of the constant warfare of medieval Europe. Conflict strengthened states and drew people to the safety of cities. Europe's remarkable combination of political competition and urbanization then spurred innovation and economic success. This remarkable book combines rich new data sources and creative ideas.' Edward Glaeser, Fred and Eleanor Glimp Professor of Economics, Harvard University, Massachusetts'Ever since Tilly's seminal work, scholars have studied the impact of war and state formation from the top down. In this intriguing and important work, Dincecco and Onorato approach state formation from the bottom up. War makes cities, they argue, and cities make the state. Read this book.' Robert H. Bates, Eaton Professor of the Science of Government, Harvard University, Massachusetts'If warfare impoverishes combatant populations, then why are the richest parts of Europe those with the most conflict-ridden pasts? This question is central to understanding European development and Dincecco and Onorato provide the most comprehensive and compelling assault on it to date.' Gary W. Cox, William Bennett Munro Professor of Political Science, Stanford University, California'In this ambitious and far-reaching book, Dincecco and Onorato argue that the west owes warfare for its rise to global power. This is a counter-intuitive claim, given the devastation that war wreaked upon European lands for centuries on end, but Dincecco and Onorato marshal meticulous case-study and quantitative evidence for the proposition that war moved populations into urban centers where they could be safer from predation. Once urbanized, city-dwellers were poised to demand property rights and invest in technology and human capital with long-term effects for their economies. Armed with novel data and deeply conversant with alternative arguments, this book is required reading for anyone curious about the determinants of long-standing prosperity.' Frances Rosenbluth, Damon Wells Professor of Political Science, Yale University, Connecticut'In this provocative book Dincecco and Onorato make a strong case for revising our conventional views of early urban growth in Europe. The continent's unhappy tradition of conflict may well have been a stimulant for development.' David Stasavage, Julius Silver Professor, New York UniversityTable of Contents1. Introduction; 2. The importance of warfare; 3. Europe's urban rise; 4. Evaluating the safe harbor effect; 5. Evaluating the warfare-to-wealth effect; 6. Warfare to wealth in comparative perspective; Epilogue.

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Book SynopsisThe United States has been experiencing an energy transition for over four decades, and now - thanks to the Clean Power Plan of the Obama Administration and the Paris climate agreement - a clean energy future is moving closer to reality. In Clean Power Politics, Joseph Tomain describes how clean energy policies have been developed and, more importantly, what''s necessary for a successful transition to a clean energy future, including technological innovation, new business models, and regulatory reforms. The energy system of the future will minimize the environmental costs of traditional energy production and consumption, and emphasize expanded use of natural resources and energy efficiency. Because many new energy technologies can be produced and consumed at smaller scales, they will shift decision-making power away from traditional utilities and empower consumers to make energy choices about consumption and price. In this way, a clean energy future embodies a democratization of energyTable of ContentsIntroduction; Part I. Preconditions for a Clean Power Transition: 1. The clean power plan and clean power politics; 2. Defining and measuring clean power; 3. The political economy of clean power; Part II. The Necessity of Innovation: 4. Innovation policy and institutions; 5. Clean power systems; 6. Regulatory innovation; Part III. The Democratization of Energy: 7. Energy and democracy.

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Book SynopsisThe aim of this collective volume is to study the crucial aspects related to the interconnection between the political economy of energy security and national security, which is of great importance globally, due to great volatility and complexity.Several conceptual frameworks regarding the issue of energy security are examined in order to understand the relationships between relevant parameters and then to investigate their implications for national security. Research needs to examine how energy security affects national security of nation states around the world, either as producers or consumers of energy resources.In this volume, the theory of realism is employed for the analysis of such concepts, as it emphasizes the primary importance of any given state and its national security, whereas realism is essentially a political ideology and looks to provide the proper spectrum for further analysis.The fact that the political economy of energy security and the political economy of national security are addressed as separate parts in the literature are among the main drawbacks in our effort to comprehend the issues concerned. The abovementioned results to a dichotomy that affects the ontological and epistemological essence of the two pillars of the issue in question based on our working hypothesis should be addressed in a complementary and interconnected way. Addressing both theoretical concepts and case studies to validate the argument, the authors believe that the academic level of the proposed subject is related to graduate and postgraduate studies.

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Book SynopsisThe 21st century is widely projected to be the Asian Century! The Asia Pacific region has been the world''s fastest growing region since 1965. This book provides a timely and insightful examination of the key issues involved in China''s economic relationships with the other Asian Pacific economies. It sheds light on the possible directions of change in the years to come in the economic role China plays within the broader Asia Pacific region.

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Book SynopsisIn spite of economic bubble, meltdowns, and a variety of current financial hiccups, Asia remains an economic powerhouse. The articles presented here examine the current political and economic situations in nations across Asia, particularly focusing on the south and east of the continent. Noted scholars present and analyse a wide range of issues -- from Chinese business to politics in Bangladesh as well as original research on crucial issues in the trade dynamics of China.

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Book SynopsisThis book represents the manifestation of a long-term effort to explore the multifaceted impact of neo-liberal globalisation on institutional reform in the developing world, with special reference to the transformation trajectory of State Planning Organisation in Turkey. Analytically, it strives to locate the in-depth analysis of Turkish development planning and the changing fortunes of the State Planning Organisation within the broader context of the states versus markets'' debate in the political economy literature in order to assess the technical viability and institutional manifestations of development planning under the profound and ever increasing pressures of globalisation. To this end, a comparative institutional theoretical framework is adopted which engages critically with the neo-classical/neo-liberal approach to macroeconomic policy making, and gauges the potential influence of domestic institutional structures in generating effective responses to changes in global economy.

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Book SynopsisDuring the last century most of the economic literature and approaches were developed following closed macroeconomic models. The solution of the problems were "national". Policy makers used fiscal, monetary policies or mixed fiscal-monetary policies to improve the situation. The exchange rate policy was considered as a supplement measure to use in case of necessity. During the 1980''s and especially 1990''s this view changed drastically. A policy co-ordination was considered as a positive condition to achieve national objectives. If there is not such co-ordination, the positive effects of some national policies are reduced and sometimes eliminated. On the other hand, a globalisation process had arisen. A free capital, persons and goods movement were pursued considering the fact that it is economic growth enhancing and a suitable way to solve employment and production problems. Due to this situation it was necessary to develop models including variables about trade and relations among countries. For this reason, an analysis of the international political economy is a relevant topic to be considered when it is studied in the relation to the countries. Several and different issues can be considered in these kinds of studies, as we can see in the chapters of this book.

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Book SynopsisThis book examines the possibility of the federal government reaching its statutory debt limit and not raising it, with a particular focus on government operations. The nature of the federal government''s debt is explained, as are the processes associated with federal borrowing, and historical events that may influence prospective actions. This book also includes an analysis of what could happen if the federal government may no longer issue debt, has exhausted alternative sources of cash, and, therefore, depends on incoming receipts or other sources of funds to provide any cash needed to liquidate federal obligations.

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Book SynopsisThe academic literature on political economy includes many models and theories. The contributions to this volume illustrate four basic principles that many exhibit. First, many different types of political economies exist. There are large differences between not just developed and developing countries but between early and late developers; and substantial differences are easy to discern even among superficially similar ones, such as the East Asian developmental states. Second, most political economies are marked by a myriad of interdependencies among market, state, and civil society. Third, change, both incremental and fundamental, occurs regularly in many. Fourth and as a result of the first three, the analysis of political economies is often quite complex. Chapter 1 focuses on change by analysing the ongoing Great Reset in the U.S. political economy in the early 21st century. Chapters 2-4 discuss how China differs from western models: in particular, models for international relationships, Confucianism and the Belt and Road Initiative, and China's cooperation with the Central and East European Countries respectively. Chapter 5 also covers variety and complexity with an in-depth theoretical treatment of Marx's theory of value. Chapter 6 raises issues of interdependence by highlighting the social bases of political economies. Chapters 7 and 8 touch upon interdependence and complexity by demonstrating how the U.S. political economy marginalizes minorities in the areas of education and health care respectively. Chapter 9 focuses upon interdependence by linking fiscal policy to subsequent election outcomes. Finally, Chapter 10 relates workforce development policy to changes in the 21st century American economy.Table of ContentsIntroduction; The Great Reset and the Back to the Future Vision of President Donald Trump; Adaptive Confucian Relationships: Models for Contemporary International Relations; When Geopolitics Meets Development on the Belt and Road: A Confucian Journey; New Directions in Theoretical Discussions, Empirical Research and Practical Cooperation for China-CEEC Cooperation in a Global Framework; Marxs Theory of Value: A Sympathetic Yet Critical Perspective; Social Bases and the Political Economy of Development; The Color-Line and the Classroom: Racialized Space and the Making of Neoliberal Schools; Race and Influenza Deaths in the United States; A Derivative-Based Model of U.S. Presidential Elections: 1880-2020; Workforce Development in the Age of COVID-19: Implications for Policymakers; Index.

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Book Synopsis'In an age of specialization, Capaldi and Lloyd have recreated that ancient tool of learning: the conversation. Beginning with the debate between Locke and Rousseau, and continuing through to Galbraith, Friedman, Hayek and Piketty, this book invites the reader to join a conversation which has now lasted over three centuries. Don't read this book if you just want a simple answer to complex problems. Do read this book if you want to think deeply and widely about the fundamental questions of how to organize a society.'- Jim Hartley, Mount Holyoke College'Liberty and Equality in Political Economy takes the reader across a convincing roadmap of how and why the ongoing conversation between Lockean Liberty and Rousseau Equality provides an evolutionary explanation of the development of formal and informal institutions that define Western Civilization and explain their consequences. This book should be a must-read for undergraduate and graduate students in humanities and social sciences.'- Svetozar (Steve) Pejovich, Texas A&M UniversityLiberty and Equality in Political Economy is an evolutionary account of the ongoing debate between two narratives: Locke and liberty versus Rousseau and equality. Within this book, Nicholas Capaldi and Gordon Lloyd view these authors and their texts as parts of a conversation, therefore highlighting a new perspective on the texts themselves. The authors argue that the debate initiated between Locke and Rousseau continues to define political economy today. They not only explore the strengths of each narrative, but also indicate how proponents within each will respond to their rivals. Other important views in economics and philosophy, including the works of Immanuel Kant, Georg Wilhelm Friedrich Hegel, Alexis de Tocqueville, John Stuart Mill, Milton Friedman, Friedrich Hayek, and Michael Oakeshott, are examined in conjunction with Locke; the works of the French Revolution, Proudhon, Marx and Engels, the Progressives, Keynes, Galbraith, Rawls, and Piketty reflect Rousseau's divergent views. Together this provides a rich exploration of the philosophical underpinnings of modern economics and politics.This comprehensive analysis will be of interest to philosophers, political theorists, and economists who wish to join the conversation. Graduate and undergraduate students in political theory, history of economics, political philosophy, and business ethics courses will also find this book valuable.Trade Review'In Liberty and Equality in Political Economy: From Locke versus Rousseau to the Present, Nicholas Capaldi and Gordon Lloyd engage the reader with a conversation that delightfully explains and compares the fundamental contributions of John Locke and J.J. Rousseau to critical and competing notions regarding individual liberty and the purpose and role of the state and economic life. The book, which reflects a decades-long conversation between the two authors, weaves a coherent history of intellectual thought that reaches from Plato and Aristotle to Adam Smith, David Hume, J.S. Mill, and of course, Locke and Rousseau and on to Keynes, Hayek and Piketty. Far more than a history of thought, the book explains how the embedded thoughts of Locke and Rousseau have influenced constitution builders, revolutionists, political leaders, and current ongoing public debate. This is one to buy, read, savor, and keep for future reference.' --Bruce Yandle, Clemson University College of Business & Behavioral Science and George Mason University'This book is a timely and very scholarly reminder that we must not trade liberty for equality. To begin with, liberty is valuable for its own sake - not everything can be valued in terms of dollars and cents. Furthermore, it is the poor who will suffer in the long run if the West begins to trade more equality for less liberty. This book is a very welcome corrective to current debates which could lead to the enslavement of free peoples.' --Philip Booth, St. Mary's University, UK'Read this articulate adventure in Liberty, from John Locke through Adam Smith to Thomas Piketty.' --Vernon Smith, Chapman University, US and 2002 Nobel Laureate in EconomicsTable of ContentsContents: 1. John Locke and the Three Pillars of Liberty 2. Jean Jacques Rousseau and the Three Pillars of Equality 3. Adam Smith and the System of Natural Liberty 4. The Arrival of the Liberty Narrative in America 5. The French Revolution and the Socialist Alternative 6. The Evolution of the Liberty Narrative in Nineteenth Century Continental Thought: Tocqueville, Kant and Hegel 7. Mill’s Place in the Liberty Narrative 8. The Scientific Socialism of Marx and Engels 9. Charles Beard, The Progressives, and Roosevelt’s New Deal 10. Keynes and Hayek: The Road to Serfdom 11. Locke and Keynes Arrive in the Twentieth Century US: Galbraith, Harrington, Friedman, and Rawls 12. Hayek and Oakeshott: Making a New Case for Liberty 13. Thomas Piketty: The Apotheosis of Rousseau and the French Revolution Index

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Book SynopsisThrough economics, our politicians have the power to transform people's lives for better or worse. Think Deng Xiaoping who lifted millions out of poverty by opening up China; Franklin D Roosevelt whose 'New Deal' helped the USA break free of the Great Depression. Or Peron and his successors in Argentina who brought the country to the brink of ruin.In this magisterial history, economist and politician Vince Cable examines the legacy of 16 world leaders who transformed their countries' economic fortunes and who also challenged economic convention. From Thatcher to Trump, from Lenin to Bismarck, Money and Power provides a whole new perspective on the science of government. Examining the fascinating interplay of economics and politics, this is a compelling journey through some of the most significant people and events of the last 300 years.Trade ReviewVince Cable brings economics to life in this thrilling history, revealing how 16 leading politicians over the last 250 years have used it in their own totally different ways to make the world anew. * Sir Anthony Seldon, author of May at 10 *A wonderful journey through the economic ideas that have shaped leading politicians throughout history. * Dame Minouche Shafik, Director of LSE *Impressive... The essay on Robert Peel lucidly explains his pioneering influence on the politics of trade. Similarly, thechapter on Juan Peron is an excellent summary of his political career as prime minister and the Peronist model of government and economics. * Irish Times *From Hamilton and Lenin to Abe and Trump, these brilliant essays are true to the dictum that 'people don't believe in ideas, they believe in people who believe in ideas'. This is a book which will change the way you think about politics and the leaders and ideas which have driven it forward in the last three centuries. * Lord Andrew Adonis *Vince Cable brings out with spectacular clarity how important and radical leaders end up combining economic theory, political ideology and practical administration. This book needs to be read by anyone who is interested in how the world's economies are really run. * Sir Oliver Letwin *Money and Power provides a masterly analysis of how economic policy has determined the success and failure of political leaders through the ages. * Vicky Pryce, former Joint Head of the UK Government Economic Service *As a former policymaker, Cable has an eye for the sort of political detail that brings a historical episode to life. It's an accessible read that helps us see the long-standing links between money and power all over the world. * Linda Yueh, author of The Great Economists: How Their Ideas Can Help Us Today *Cable shows the influence of leaders in the course of history and the influence of economic ideas on their thoughts and actions. A brilliant project and splendidly delivered. * Professor Lord Nicholas Stern, LSE *A fast-paced, highly readable account of political leaders who transformed their countries - for better or worse - through the economic ideologies of their time. As an economist turned politician, Vince Cable is uniquely placed to provide a critical, but fair judgment of those who have shaped today's major economies. * Dame DeAnne Julius, senior adviser, Chatham House *A lucid, erudite analysis of the global economy, and Britain's place in it. * Observer on After the Storm *A remarkably rounded work... Cable has produced a book that makes a serious and relevant contribution to the continuing debate about banking, infrastructure, housing, China, executive pay, short-termism and many of the other topics which continue to top the business and political agenda. * Evening Standard on After the Storm *The undisputed heavyweight champion of the credit crunch in parliament'. * Robert Peston *Table of Contents0: Introduction: Politicians and the Politics of Economics 1: Hamilton: The Economic Founding Father 2: Peel: Free Trade 3: Bismarck: The Economics of 'Iron and Blood' 4: Lenin: From War Communism to State Capitalism 5: Roosevelt: The Keynesian Revolution Without Keynes 6: Erhard: The Social Market and Ordoliberalism 7: Erlander: The Social Democratic Model Made Real 8: Perón: Peronism and Economic Populism 9: Park: The Development State and Hypergrowth 10: Lee: The Eclectic Economics of Lee Kuan Yew 11: Thatcher: Thatcherism and Its Cousin, Reaganomics 12: Deng: China's Economic Architect 13: Manmohan Singh: The Quiet Reformer 14: Balcerowicz: Big Bang Theory and Practice 15: Abe: Japan Pioneers Abenomics 16: Trump: Trumponomics, Economic Nationalism and Pluto-populism 17: Conclusion: Sixteen Politicians: Sixteen Varieties of Economics

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Book SynopsisThe interdisciplinary chapters in this volume explore and engage the work of Vincent and Elinor Ostrom, along with the Bloomington School of political economy more generally.The book emphasizes the continuing relevance of the Ostroms’ work for our understanding of collective action, self-governance, and institutional diversity for interdisciplinary research in the social sciences and humanities. The wide array of topics and approaches will make the volume of interest to readers in a variety of fields, including: political science, economics, philosophy, sociology, public administration, environmental studies, and political economy.Table of Contents Introduction – Peter Boettke, Bobbi Herzberg, Brian Kogelmann Two Faces of Culture in the Ostroms, Mili Kalia Payoffs that Pay Off: Methodological Pluralism in the Work of Elinor Ostrom, Alexander Schaefer Network of Cantinas from Terra do Meio, Miranda Chase Under Emergency Management: Community Responses to the Flint Water Crisis, Sarah Phinney Unbundling Post-Disaster Aid Package, Veeshan Rayamajhee Governing the (Banking) Commons: Polycentric Solutions to Bank Runs, Pablo Paniagua Prieto An Institutional Analysis of Wage Setting in the Prison Labor Industry, Joanna Carroll The Enemy of My Enemy is My Friend: Multilevel Governance and Migration Policy, Emily VanMeter Ostromian Lessons for the Welfare State, Roland Fritz Community among State and Market: Rethinking Social Capital in Authoritarian Regimes,Wanlin Lin Party Organizations and Polycentric Governance: Political Party Reform, Administrative Consolidation, and Geographic Polarization in the Ostroms’ Political Science, Nicholas Jacobs The Political Economy of the European Union: An Exploration of EU Institutions and Governance from the Perspective of Polycentrism, Jan Vogler

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Book SynopsisThis book explores the role of expectations within the modern capitalist system. Through looking at how they are formed and develop, the impact of events that lead to a collapse in expectations, such as a major financial crisis, is examined to highlight the precarious and unstable nature of the economic system. With a particular focus on the UK and USA, it is also considered how public policy and institutions can shift the balance away from speculation and back towards enterprise. This book aims to conceptualise instability and highlight how economic and regulatory policy can limit it. It will be relevant to researchers and policymakers interested in economic policy and regulatory reform.Table of ContentsChapter 1: Living In TruthChapter 2: After The Fall Chapter 3: The Medium Is (Still) The Message Chapter 4: What Do You Expect? Chapter 5: Possibilities, Probabilities And Propensities Chapter 6: The Best And The Brightest Chapter 7: Bretton Woods Revisited Chapter 8: Selling England By The Pound Chapter 9: Tomorrow Without Fear Chapter 10: Out Of Darkness

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Book SynopsisThis book examines the history, politics, and economics of alternative energy. Since the energy crisis of the 1970s, governments around the world have subsidized and otherwise incentivized alternative forms of energy to reduce dependence on fossil fuels. This search has taken on added urgency in the twenty-first century, as the specter of climate change has engendered ambitious state-level renewable portfolio standards, enhanced federal incentives, and inspired “100% renewable” electrical generation targets in such states as Vermont and Hawaii. To save the planet from destruction, wind, solar, and other renewable energy alternatives must replace fossil fuels. But how did we get here and what is the cost? After an in-depth study of the Carter administration's synthetic fuels program, the focus shifts to the two most prominent, perhaps most promising, and certainly most promoted—and government subsidized—“green” and “renewable” energies today: wind and solar. Because wind has made the most headway and drawn the most controversy, it receives the most attention. Although the primary focus is on the American experience with renewable energy, the policies and politics of renewables in Scotland, Wales, Denmark, Spain, and other European nations are also discussed. Issues considered in the book include the nature and efficacy of renewable subsidies; the employment of federal and state tax codes to encourage renewables; the lobbies and interest groups that campaign for government support of renewables; and the fierce battles over the siting of renewable facilities. Unlike other works on this subject, the book probes in depth the nature of the opposition to wind and solar, both in the matter of siting and in their worthiness as recipients of substantial government assistance.Table of ContentsTable of Contents Introduction and Overview.- Synthetic Fail.- Everyone Knows It's Windy.- Winds Subside or Wind Subsidies?.- What Could Possibly Go Wrong?.- Whose Backyard? Siting and Fighting over Wind.- Here Comes the Sun.- Epilogue.

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Book SynopsisThe Covid-19 pandemic is a repeating biophysical shock yet one for which our current socio-economic structure was not prepared. Climate change, scarcity, depletion of natural resources, and the inevitable transition to renewable energy are one time events. Taken together, they present an existential threat to human society. This book is a guide to navigating these megatrends, which confront us now but whose consequences will unfold over decades. By presenting clear options on the path to a renewable energy future, this book gives readers a broad perspective as well as detailed, well-illustrated examples to weigh in making decisions which will secure stability and prosperity for their families, their communities and their nations.Table of Contents

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Book SynopsisAs the world emerges from the COVID-19 pandemic, this book explores current migration and integration challenges. Against the background of long-term migration trends, it asks whether the pandemic has changed the patterns observed, transformed the circumstances international migrants face at destination or whether the opportunities and challenges for integration have been altered. Twenty-four researchers have contributed to this volume with research attention on how COVID-19 has affected transnationalism and identity, labour market employment, and impacted the discrimination of migrants in a variety of ways. Loyalties and tensions created by the need to include also hesitant migrant groups in vaccination programmes are explored. The role of cosmopolitanism and welfare chauvinism in narratives on inward migrations flows, the stance of trade unions on migration, the complexities of implementing return policies, and the challenges faced by unaccompanied refugee youth from Afghanistan are also discussed.Table of ContentsIntroduction to Migration and Integration in a Post-pandemic World.The Shape of Things to Come: International Migration in the 21st X Century.New Perspectives on Migrant Transnationalism in the Pandemic Era.Cosmopolitanism and Welfare Chauvinism in Sweden.Binds and Bridges to Protection in Crisis: The Case of Unaccompanied Refugee Youth from Afghanistan in Sweden.The Tricky Thing of Implementing Migration Policies: Insights from Return Policies in Sweden.Migration, Trade Unions and the Re-making of Social Inclusion: The Case of Territorial Union Engagement in France, Italy and Spain.Swedish Trade Unions and Migration: Challenges and Responses.Unemployed Marginalised Immigrant Women: Work Integrating Social Enterprises as a Possible Solution.Skill Requirements and Employment of Immigrants in Swedish Hospitality.Ethnic Discrimination During the Covid-19 Pandemic.Model Minority and Honorary White? Structural and Individual Accounts on Being Asian in Sweden.Loyalty and Integration among Young Adults with Minority Backgrounds in Norway.Immigrant Integration and Vaccine Hesitancy among Somali Immigrants in Stockholm.Conclusion to Migration and Integration in a Post-pandemic World.

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Book Synopsis While Latin America accounts for approximately 7 percent of the world economy, easily accessible information on the economies of the region is not always easy to find. The existing literature on Latin American economics usually assumes some previous familiarity with the region and is focused on government policy choices. The Economies of Latin America is a book for the general reader needing a quick introduction to the economics of the region. The book is composed of three parts: the first explains Latin America’s economic history and a description of the central economic challenges of the region. The second offers country-specific details. The final part deals with the economic future of the region where the authors put forth a Latin American version of success. This book is a useful, in-depth introduction for students of Latin American economics as well as the general reader. Table of ContentsChapter 1. Introduction 1. The Promise of Latin America 1. Land 2. People 3. Resources 2. Latin America as a Relative Failure: You Aren’t in East Asia 3. History Matters 1. History 2. The Post WW II mistake 3. Recovery 4. The Continuation of Economic Failure 1. Education 2. Infrastructure 3. Social Issues 3. Structural Change 5. The Details 1. ABM 2. The rest of South America 3. Central America Chapter 2. A Brief Economic History 1. The Dismal History 1. The Colonial Legacy 2. Post-Independence Losses 3. What could have happened: The Golden Age 4. Wars and Depression 5. Debt as a regional habit 2. The Wrong Turn 1. Import Substitution Industrialization 2. Economic Isolation as a choice 3. Subsidies to Industry 4. Economic Rents and Inequality 3. The Predictable Collapse 1. The 1970s 2. Debt Shocks 3. Exchange Rate Shocks 4. Macroeconomic Instability 5. The way out: The Brady Plan 4. The New Normal 1. Macroeconomic Stability 2. Commodity based growth (or not) 　 Chapter 3. What’s Wrong: The Usual List of Suspects 1. Growth Accounting 2. Limits to Growth 3. Education and Infrastructure 4. Structural Change 5. Social Issues 6. The Curse of Informality Chapter 4 Argentina and Brazil 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details Chapter 5 Chile, Colombia, Peru, and Uruguay 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details Chapter 6 The Laggards: Bolivia, Ecuador, Paraguay, Venezuela 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details Chapter 7 Mexico and Central America 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details 　 Chapter 8 Looking Toward the Future 1. A 2 or 3 track region 2. Turning around limits to growth 3. The usual drill does not apply 4. A Latin American version of success

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