Political economy Books

Book SynopsisThis book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global economy together with new risks such as terrorism, systemic risk, environmental risk, and the rising trend of global volatility and contagion. The book also assesses the limited usefulness of traditional yardsticks of Country Risk, such as ratings and rankings, which at best reflect the market consensus without predictive value and at worst amplify risk aversion and generate crisis contamination. This book goes further than comparing a wide range of risk management methods in that it provides operational and forward-looking warning signs of Country Risk. The combination of the authors’ academic and market-based backgrounds makes the book a useful tool for scholars, analysts, and practitioners. Trade Review“This book succeeds better than any other I know in being a comprehensive and practical guide to the economics of country risk analysis. Financial institutions would do well to have a copy in the library. For beginning country risk analysts, it is a must-read.” (Sam Wilkin, Journal of Risk Management in Financial Institutions, Vol. 12 (2), 2019)Table of ContentsForeword by Tanya Beder.- Introduction.- Chapter 1: Assessing Risk in a Global Economy.- Chapter 2. What is Country Risk?.- Chapter 3. Country Risk in the age of Globalization: Cycles and Dynamics: A review of Literature.- Chapter 4. Country Risk Assessment: the key role of official information sources.- Chapter 5: Country Risk Assessment: The role of private sources of market and economic intelligence.- Chapter 6. Volatility, spillovers, and crisis contamination: The new dynamics of countr risk since the 1980s and 90s in the globalized market economy.- Chapter 7. Fragility and vulnerability of integrated areas.- Chapter 8. At the root of country risk: The balance of payments from liquidity to solvency crisis.- Chapter 9. Root Causes and Consequences of Political Risk: Defining Political Risk and its Various Dimensions.- Chapter 10. The Root Causes and Consequences of Political Risk: From Bad Governance to Wealth and Political Power Concentration, and Social Instability.- Chapter 11. Why Emerging Markets do not hold a monopoly on Country Risk in the XXI° century: An analysis of monetary and systemic risks in the OECD and in the Euro-zone.- Chapter 12. External debt sustainability: From liquidity tensions to solvency crisis.- Chapter 13. In search of early warning signals of Country Risk: Focusing on market price signals.- Chapter 14. In search of early warning signals of Country Risk: Focusing on Capital Flight.- Chapter 15. Country Risk Mitigation Strategies.- Chapter 16. Glossary: The 200 most important terms and concepts for country risk managers.- Conclusion.- Afterward by Florencio de Silanes.

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Book SynopsisTrade Review"A Financial Times Best Book of the Year: Economics""An excellent book. . . . This is the only book on this topic where I feel I am finally getting to the bottom of what happened. . . . Milton Friedman’s famed visit really was quite modest, contrary to what you sometimes hear. Nonetheless he was so persuasive he really did convince Pinochet to proceed with the shock therapy version of reform. . . . Strongly recommended, one of the must-reads of the year."---Tyler Cowen, Marginal Revolution"A fascinating insider intellectual history of the policies and personalities behind Chile’s economic development in recent decades."---Richard Feinberg, Foreign Affairs"[An] absorbing, mystifying tale of how neoliberal economics took root in the Southern Hemisphere only to be uprooted."---Michael M. Rosen, National Review"The book presents a magnificent account of Chilean economic policies from the 1950s to the present day, and it will be an invaluable source for students of economic policy."---David Gallagher, Times Literary Supplement"[Edwards] is one of those rare economists who can explain economic policy in simple and understandable language. He is a good writer and has an eye for a telling anecdote. . . .The Chile Project offers a cautionary tale for policymakers of all political and ideological stripes about the perils of unintended consequences."---Bruce Caldwell, Literary Review"Detailed yet accessible. . . . A closely argued study of the merits and demerits of free market economics in action." * Kirkus Reviews *"Meticulous. . . . Marked by Edwards’s firm grasp of regional politics and lucid explanations of economic theory, this is a valuable primer on a complex subject." * Publishers Weekly *"A book that has been badly needed."---David R. Henderson, Financial and Economic Review"Edwards tells this complex and controversial story superbly."---Martin Wolf, Financial Times

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Book SynopsisProf. Dr. Christoph Knill is Professor of Politics and Public Administration at the Geschwister Scholl Institute of Political Science at Ludwig-Maximilians-University of Munich, Germany.Prof. Dr. Jale Tosun is Professor of Political Science at the Institute of Political Science at Heidelberg University, Germany, and a co-director of the Heidelberg Center for the Environment.Trade ReviewChristoph Knill and Jale Tosun have provided an excellent update and extension of their textbook on public policy. The first edition provided an excellent introduction to the field for students, and the new edition will be an even more valuable resource for understanding contemporary public policy. * B. Guy Peters, University of Pittsburgh, USA *The first edition of Public Policy rapidly became a modern classic in the field, a must-read for all those working on public policy, whether students or established scholars. The epithets elegant, concise, profound and clear easily attached themselves to the well-written and useful book that stands head and shoulders above all its competitors. It is very welcome indeed to have the second edition that retains all the strengths of the first, but is fully updated to reflect recent thinking and scholarship in public policy as well as taking account of the profound changes in politics and policy that have occurred in recent years. Christoph Knill and Jale Tosun have pulled off a tremendous feat. * Peter John, King’s College, London, UK *This book is an outstanding introduction to studies of public policy. It combines both traditional approaches with innovative perspectives on the design and implementation of public policies. It is the best text book for policy studies in Europe. * Karin Ingold, University of Bern, Switzerland *There is no better policy textbook with a global perspective than Knill and Tosun’s. It combines the leading paradigms with innovative insights in a well-written, comprehensive and state-of-the-art account of the policy process. This volume belongs in the personal library of any student, scholar and practitioner who wants to master the essentials of public policy-making around the world. * Raymond Tatalovich, Loyola University Chicago, USA *The radically updated second edition of Public Policy engages with empirical developments, such as climate change, digitization and the questioning of the global international order, that have a path-changing significance for public policy. The authors successfully integrate theoretical, analytical and methodological advances in the book, which reflects that Jale Tosun and Christopher Knill are leading scholars in the field. I strongly recommend this book to scholars and educators of public policy and related fields. * Caroline de la Porte, Copenhagen Business School, Denmark *In this fresh edition of their Public Policy textbook, Knill and Tosun offer a comprehensive review of the theories that students must master if they want to make a difference in the policy world. This is the go-to resource book for all those who seek to formulate workable solutions to complex societal problems. * Arjen Boin, Leiden University, the Netherlands *Knill and Tosun’s Public Policy has proved to be an excellent text for introducing my students to fundamental ideas in public policy and policy making. It structures theoretical content in a clear and thoughtful way, and uses relevant real world examples to demonstrate the complexities of policy making across national and international contexts. * Alex Mankoo, University of Sussex, UK *Knill and Tosun have written a highly accessible and comprehensive textbook that not only discusses traditional policy theories but also highlights the importance of public-private governance and policy-making beyond the state. This text forms an excellent introduction for students and the new edition’s increased attention to climate change in particular makes this book even more indispensable than before. * Stefan Renckens, University of Toronto, Canada *Public Policy is a highly accessible book introducing public policy through examples drawn from all over the world. The authors survey and present a wide range of theoretical perspectives in a clear and concise fashion. It is a tremendous introduction to public policy and points the reader where to go next for detailed work on each topic. * Martin Hansen, Brunel University London, UK *Public Policy continues to provide an excellent foundation in key theories and debates regarding policy processes. This revised edition not only reflects development in the fields of academic debate but also political changes to provide an excellent introduction for new students. The revised conclusion provides useful practical guidance for students and practitioners alike. * Lee Gregory, University of Birmingham, UK *Table of Contents1. Introduction 2. The Nature of Public Policies 3. The Context for Policy Making: Central Institutions and Actors 4. Theoretical Approaches to Policy Making 5. Problem Definition and Agenda Setting 6. Decision-Making 7. Implementation 8. Evaluation 9. Governance: A Synoptic Perspective on Policy Making 10. Public Policies Beyond the Nation-State 11. Policy Change and Policy Convergence 12. Conclusions: Theoretical Insights and Practical Advice.

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Book SynopsisTraditional economic models of how to manage environmental problems relating to renewable natural resources, such as fisheries, have tended to recommend either government regulation or privatisation and the explicit definition of property rights. These traditional models ignore the practical reality of natural resource management. Many communities are?able to spontaneously develop their own approaches to managing such common-pool resources. In the words of Mark Pennington: '[Professor Ostrom's] book Governing the Commons is a superb testament to the understanding that can be gained when economists observe in close-up detail how people craft arrangements to solve problems in ways often beyond the imagination of textbook theorists.' In particular, communities are often able to find stable and effective ways to define the boundaries of a common-pool resource, define the rules for its use and effectively enforce those rules. The effective management of a natural resource often requires 'polycentric' systems of governance where various entities have some role in the process. Government may play a role?in some circumstances, perhaps by providing information to resource users or by assisting enforcement processes through court systems. Elinor Ostrom's work in this field, for which she won the ?Nobel Prize in economics in 2009, was grounded in the detailed empirical study of how communities managed common-pool resources in practice. It is essential that we avoid the 'panacea problem'. There is no correct way to manage common-pool resources that will always be effective. Different ways of managing resources will be appropriate in different contexts - for example within different cultures or where there are different physical characteristics of a natural resource. Nevertheless, there are principles that we can draw from?the detailed study of the salient features of different cases to help us understand how different common-pool resources might be best managed; which rules systems and systems of organisation have the best chance of success or failure; and so on. Elinor Ostrom's approach has been praised by the left, who often see it as being opposed to free-market privatisation initiatives. In fact, her approach sits firmly within the classical liberal tradition of political economy. She observes communities freely choosing their own mechanisms to manage natural resource problems without government coercion or planning. In developing a viable approach to the management of?the commons, it is important, among other things, that a resource can be clearly defined and that the rules governing the use of the resource are adapted to local conditions. This suggests that rules imposed from outside, such as by government agencies, are unlikely to be successful. There are important areas of natural resource management where Elinor Ostrom's ideas should be adopted to avoid environmental catastrophe. Perhaps the most obvious example relevant to the UK is in European Union fisheries policy. Here, there is one centralised model for the management of the resource that is applied right across the European Union, ignoring all the evidence about the failure of that approach.

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Book SynopsisWe have reached the point of no return. The existential threat of climate change is now a reality. The world has never been more vulnerable. Yet corporations are already planning a life beyond this point. The business models of fossil fuel giants factor in continued profitability in a scenario of a five-degree increase in global temperature. An increase that will kill millions, if not billions.This is the shocking reality laid bare in a new, hard-hitting book by David Whyte. Ecocide makes clear the problem won’t be solved by tinkering around the edges, instead it maps out a plan to end the corporation’s death-watch over us.This book will reveal how the corporation has risen to this position of near impunity, but also what we need to do to fix it.This book is relevant to United Nations Sustainable Development Goal 13, Climate actionTrade Review'Ecocide is a refreshing analysis of the huge damage wrought on people and planet by the multinational corporations that play such a significant role in all of our lives. Rather than trying - and failing - to regulate these corporate behemoths, Whyte makes a compelling case that we must rid ourselves of private corporations altogether. Fast paced, original, and highly compelling, Ecocide should be required reading for activists and academics alike.'Grace Blakeley, author of Stolen: How to save the world from financialisation'This brilliant book not only offers solace to those struggling against invisible and, seemingly, invincible corporate power, it also throws us a lifeline through which we may be able to salvage everything we hold dear. Where the wall of callous indifference stands, Whyte paints a window to an alternative world away from this slow motion apocalypse. The survival of organised human life and avoidance of mass societal breakdown rests upon our ability to mobilise in demand of this alternative world. It is said “the corporation has no body to punish and no soul to condemn” and this book illustrates clearly that this kind of unaccountability is in no way exceptional to the neoliberal era, it is an inherent feature of the corporation as a shapeshifting structure of irresponsibility. Kill it so we may live.'Lowkey, rapper and activist'With a sense of urgency, but without despair, David Whyte powerfully deploys the concept of ‘ecocide’ to rigorously reveal how corporations and their reckless pursuit of profit are at fault for the existential threat posed by climate change. The time has come for solutions that are at once radical and possible.’ Joel Bakan, author of The Corporation: The Pathological Pursuit of Profit and Power'The timeliness of this brilliant account of the increasingly dire ecological consequences of the legal immunity of capitalist corporations could not be greater. At a moment when states everywhere are keeping corporations on life-support amidst the global pandemic of 2020, David Whyte's powerful rallying cry of 'death to the corporation' compels us to urgently address the question of 'what different form of industrial organization under what different forms of ownership' which has been for so long avoided, at such terrible cost.'Leo Panitch, author of Searching for Socialism: The Project of the Labour New Left from Benn to Corbyn'This book will have a good audience among the Extinction Rebellion movement, who may not understand the DNA of business but still feel the effects of its monopoly and expropriation of nature. It can help guide their protests and reform policies, as it is clear that corporations are at the centre of the ecological plunder we see today in the world. Ecocide is also written in an accessible way for both undergraduates and postgraduates who study political economy and business – it has excellent examples and case studies of modern business conduct. It is short, concise and easy to understand and follow, with excellent notes and references. I certainly will be putting it on my reading list.'LSE Review of Books‘Ecocide: Kill the corporation before it kills us provides an original, well-evidenced and scholarly argument that proceeds logically and in an engaging manner throughout the book. Each chapter can be taken alone, but when read together they not only alert the reader to the intrinsically ecocidal nature of the corporate form, they also provide a comprehensive and compelling argument for its dismantling. Although useful for an academic audience, this book will also be engaging for those beyond the academy with a more general interest in environmental harm.’Journal of White Collar and Corporate Crime'A brilliant introduction to how to think and act to avoid the ultimate human catastrophe.' Richard Falk, Professor Emeritus of International Law, Princeton University and former United Nations Special Rapporteur on Palestinian Human Rights'A compelling read…which ranges across political economy, legal theory and environmental studies with a fluency that is easy to admire and doesn’t just dump jargon on the reader… and changes our perspective on the problem of climate change.'Morning Star'The analysis of the connections across racialised capitalism, ecocidal corporate chains and neocolonialism is excellent. A thoroughly stimulating and thought-provoking book.'Peter Somerville, Emeritus Professor of Social Policy, College of Social Science, University of Lincoln'A fabulous book, informative and clearly argued. I learned a great deal from it.' William K. Carroll, Professor of Sociology, University of Victoria, Canada and Co-director, the Corporate Mapping Project'A hard-hitting look at the environmental impacts of all industries on our planet.'The Environment Magazine'Compellingly lays out the chilling reality of how capitalist corporations are responsible for the threat of climate change.'October Books Cooperative'Expertly situates how corporations are the driving engine of the ecological meltdown…Indispensable for a conversation we must have now, before its too late.'Occupy.com'Unique and urgently important weapon-book for climate activists.' Wolfgang Küchler -- .Table of ContentsPreface: from COVID-capitalism to survival of the speciesAcknowledgementsIntroduction: corporate ecocide1 What is the corporation?2 From colonialism to ecocide: capital’s insatiable need to destroy3 Regulation at the end-point of the worldConclusion: kill the corporation before it kills usNotes

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Book SynopsisTrade Review"A FiveBooks Best Economic History Book of the Year""An excellent book."---Tyler Cowen, Marginal Revolution"[Prak and van Zanden] have provided a path forward for studying economic history that takes complexity seriously without letting it prevent us from getting to the important truths of economic history. One can only hope that more social and economic historians follow Prak and van Zanden’s path in the future."---Samuel Gregg, Engelsberg Ideas"[Pioneers of Capitalism] will be the standard work on the topic for years and perhaps decades to come, as it offers a very well-written and powerful account of the rise and fall of the Dutch Republic in the medieval and early modern periods."---Gijs Dreijer, Business History Review"[Pioneers of Capitalism] surpasses the previous syntheses of Dutch capitalism by bringing it in line with recent developments in economic history. . . . Fascinating."---Bas Spliet, Journal of European Economic History

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Book SynopsisIllich?s theories on the effectiveness of cars, air travel, and energy showed that industrial progress actually hampers the speed and effectiveness we have as people who were born capable of walking to our desired destinations. Roads, airports, stations, traffic jams, all take away the benefits of using complicated engineered methods of travel, and make our actual travel times longer.

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Book SynopsisMoney is mysterious. We love it, we hate it, but few people can tell you what the heck it really is. Wouldn't it be good to get out of the fog? This book will help you understand both the way money works and how to leverage its power. The authors take you on an illuminating journey from your piggy bank to the Federal Reserve with no pesky jargon or complex math. Once you see money clearly, life will never be the same. You'll know what really goes on in banks and what the cash in your wallet represents. You'll know how government really spends and why it can’t run out of money. You'll know what money can actually do — and how we can make it work for us.Trade Review“BRILLIANT!! Tally-ho!”James K. Galbraith, The University of Texas at Austin“This short illustrated book contains more wisdom on money than all the textbooks in the world.”Steve Keen, author of The New Economics: A Manifesto“Economics can be intimidating, but this book provides an excellent introduction for high school students.”Rose Rodriguez, retired teacher, Modesto School DistrictTable of ContentsIntroduction Chapter 1. Money: An Introduction Chapter 2. Money: An Origins Story Chapter 3. Money: The Story of Redemption Chapter 4. Currency: The Government’s Money Chapter 5. Can Government Run Out of Currency? Chapter 6. Anyone Can Create Money? Chapter 7. Private Bank Money Chapter 8. The Central Bank’s Money: Lender of Last Resort Chapter 9. Central Bank Money: Government Finance Chapter 10. Government’s Debt is Our Asset Chapter 11. Money as Scorekeeping Chapter 12. Rise of the Winners-Take-All Economy Chapter 13. The Way Forward: We Take Care of our Own

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Book SynopsisFor decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defence Industry. These ‘agents of inequality’ are paid millions to hide trillions for the richest 0.01%. In this book, inequality expert Chuck Collins, who himself inherited a fortune, interviews the leading players and gives a unique insider account of how this industry is doing everything it can to create and entrench hereditary dynasties of wealth and power. He exposes the inner workings of these “agents of inequality”, showing how they deploy anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure the world’s richest pay next to no tax. He ends by outlining a robust set of policies that democratic nations can implement to shut down the Wealth Defence Industry for good. This shocking exposé of the insidious machinery of inequality is essential reading for anyone wanting the inside story of our age of plutocratic plunder and stashed cash.Trade Review“It is no great surprise anymore that we are facing the greatest crisis in income and wealth inequality that we have seen since the 1920s. What is shocking is the sprawling system of corruption that the ultra-rich have designed in order to hoard their unimaginable wealth at the expense of everyone else. Chuck's book reveals not only the inner workings of this elaborate scheme to hide more than $20 trillion in wealth, it offers us a blueprint for reversing this obscene inequality so we can take back our democracy and ensure that our government works for everybody—not just the billionaire class and wealthy campaign contributors.”Senator Bernie Sanders “This book, a primer to the secrets of the money river, is an essential reformers’ handbook for navigating these dangerous times now facing us – and future generations.”Nicholas Shaxson, author, The Finance Curse and Treasure Islands "Skillfully blends personal narrative with social scientific research to create unique insights into a world of privilege that is ordinarily out of sight and out of mind for the rest of us."Brooke Harrington, Professor of Sociology at Dartmouth College. Author, Capital without Borders: Wealth Managers and the One Percent “The Wealth Hoarders reveals that a whole parallel world exists in which the rich and powerful enjoy the freedom to avoid not just taxes but all kinds of laws they find inconvenient. Accepting the existence this parallel world means putting democracy at risk.”Frederik Obermaier, author of The Panama Papers: Breaking the Story of How the Rich and Powerful Hide Their Money “This vital and expertly written book reveals the epic scale of theft occurring legally and in plain sight. Theft that destroys public services, removes access to housing and for which the poorest pay the highest price. The authors reveal how the fountain of wealth gushes ever upwards, we are all paying the price, some of us with our lives, as the wealth defence industry siphons off trillions. Chuck Collins is tireless in his determination to uncover the vicissitudes of the extremely wealthy. If you aren't already angry about inequality, then read this book. If you aren't angry enough to take action by the end of it, then you either work in the WDI or you are one of the 0.1 per cent.”Dr. Wanda Wyporska, Executive Director, The Equality Trust, UK “Chuck Collins shines a light on the powerful and pervasive “Wealth Defense Industry,” showcasing what it is and how it is entrenched in the ‘ecosystems’ that perpetuate the growing and harmful inequality of our time, and that the COVID19 pandemic has further unveiled. Collins brings his exceptional research, insights and experience to this informative piece that not only underscores the urgency for real systemic reform to reverse what can be an avoidable race-to-the-bottom, but helps unpack key leverage points for real change.”Abby Maxman, President and CEO Oxfam America “Chuck Collins reveals how the superrich are different than the rest of us. While government takes out taxes before we get paid, the wealthiest avoid taxes with trusts, evade taxes with help from tax haven governments and escape the IRS because Congress hobbles tax law enforcement. Collins, who rejected the privilege of his birth, explains in plain English how wealth hoarding works and shows how we can stop this costly corruption.”David Cay Johnston, Pulitzer Prize winning journalist and author of Perfectly Legal and Free Lunch “Once again, Chuck Collins proves that building a better world is well within our reach. There is more than enough money to fund the societal transformation needed for equity, well-being, and a safe climate. It’s just hiding in the wrong places. With The Wealth Hoarders, we now know where to look.”May Boeve, Executive Director, 350.org “Collins gives us a rare insider’s view of the hidden wealth of the 0.1% and how the Wealth Defense Industry maintains inequality. This helps explain how concentrated wealth results in mass asset poverty and the path to building an economy that builds wealth for all, not just the wealthy.”Dedrick Asante-Muhammad, Neighborhood Reinvestment Coalition of America “Chuck Collins’ Wealth Hoarders provides an invaluable perspective on the Architecture of Inequality. Through personal insights and thoughtful research he documents the extraordinary sums of hidden money in financial secrecy jurisdictions. Most importantly, he sets forth a realistic blueprint for essential reforms that can inform our strategies and actions as we work towards real economic justice and security.”Conrad Martin, Executive Director, Fund for Constitutional Government. “We won’t be able to effectively tax billionaires if they are hiding trillions in dynasty trusts. This useful book explains how to shut down the hidden wealth system in order to build a fairer tax system."Frank Clemente, executive director, Americans for Tax Fairness “Join inequality expert Chuck Collins in his riveting investigation of the secret world of the “Wealth Hoarders,” who are paid by the world’s richest people to protect private wealth. For years, I have used Collins’ books to teach my students about the hidden world of untouchable wealth, because nobody else writes so electrically and entertainingly about global plutocracy. In this book, Collins tracks down trillions of dollars that can be used to replenish our “common wealth” and solve our greatest justice crises.”Charles Derber, Professor of Sociology, Boston College, author of Moving Beyond Fear and Glorious Causes. “We can’t have a fair tax system while millionaires and billionaires are hiding trillions of wealth in the shadows. This book is essential to fixing our broken tax system.”Erica Payne, cofounder and president, Patriotic Millionaires and author of Tax the Rich“Everyone should read The Wealth Hoarders to understand the secret world of the super-rich. Chuck’s painfully beautiful description of the Wealth Defense Industry lifts the veil to this intricate, maniacal ecosystem set in motion centuries ago and provides critical truths to help us all decolonize wealth.”Edgar Villanueva, author, Decolonizing Wealth: Indigenous Wisdom to Heal Divides and Restore BalanceTable of ContentsTable of contents:Acknowledgements Foreword: Nicholas Shaxson Prelude 1983: Discovering the Money River Prelude 2004: The Blue Hippo Swindle Prelude 2020: The Theft of Angola Introduction Chapter 1: The High Cost of Hidden Wealth Chapter 2: Who Are the Wealth Defenders? Chapter 3: Tools in the Wealth Hiding Toolbox Chapter 4: All in the Family Office Chapter 5: The Wealth Hiding in Your Neighborhood Chapter 6: Directly Engaging the Wealth Defense Industry Chapter 7: Solutions to Wealth Hiding Conclusion: A Time for Bold Action Epilogue: Grads, Don’t Work for the Billionaire Wealth Defense Industry Reading and Resource List Notes

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Book Synopsis- Do we work for social media?- Why do we go into debt?- How is desire manufactured in fast fashion? - How are our diets governed?- Who owns what in the sharing economy? I-PEEL: The International Political Economy of Everyday Life provides a new introduction to the field of IPE by locating it in our daily experiences. By using topics such as social media, debt, food, and clothes as thematic entry points, this textbook shows how concepts from IPE can be used to understand and question the world around us. Eight core chapters each start with a discussion of an everyday object or practice linked to that topic, including social media influencing, student debt, chocolate, and fast fashion. From there the chapters open out to discuss broader questions that speak to the core themes of IPE and its study of power, wealth, and global capitalism. Each chapter ends with a pair of learning activities, such as creating your own meme (chapter 8, Humour), to help apply what you have read. These are acTrade ReviewI thought it was very exciting to learn about a subject by linking it to contemporary life. It makes us apply theories/thought to what we experience today, which makes it more understandable. * Priscilla Alves Tomaz, 2nd year Politics and International Relations student at Queen Mary University London *A new, interesting examination of the global political economy catered towards a new generation of students. * Megan Irvine, 2nd year International Relations student at the University of Surrey *I think it's a great approach - taking aspects of everyday life and explaining them through IPE is a good way of bringing IPE to a level that is intuitive and immediately recognisable. * Salma Ghandour, 3rd year Politics and International Relations student at the University of Manchester *Table of Contents1: Introduction 2: Social Media 3: Debt 4: Care 5: Food 6: Clothes 7: City 8: Share 9: Humour 10: Conclusion

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Book SynopsisTrade Review"Gorton and Tallman’s historical details of the panics of the 1800s for the New York banks at the epicenter of the financial system are unequaled, based on my research. The authors have taken stories from the contemporary New York press and employed available financial data from bank reports to develop a narrative and accompanying tables that bring to life the panics of that era. These details alone make the book worthy of a place on any financial historian’s bookshelf." * Regulation: The Cato Review of Business and Government *“A vital addition to crisis literature because it compares what happened in 2008 to the ways in which US bankers dealt with panics on their own in the years before there was a Fed. . . . With illustration, analysis, and nuance on every page, Fighting Financial Crises is one hundred and fifty years better than Lombard Street." * Economic Principals *"Because crises are inevitable, it is important to understand why they occur and how to respond to them. The authors are leading authorities on the history and economics of financial crises, and thus well worth listening to. . . . Gorton and Tallman provide a clear and succinct description of the crisis, and show how fundamentally it was like the banking panics of the nineteenth and early twentieth centuries. Many books and papers have been written about financial crises, but comparatively few focus on how to fight crises. . . . Their book provides many insights and lessons about the nature of financial crises and how authorities should respond to them. Economists and financial market participants will find the book informative, and it should be mandatory reading for regulators and policymakers charged with oversight of the financial system." * Business Economics *"A copy of this book should at least be on the shelves of all economists at all central banks." * Economic History Association *“Financial crises are complex economic and political events, and a historical perspective is essential. In this book, two of our best financial historians distill the key lessons for policy makers and practitioners from the US banking crises of the nineteenth and early twentieth centuries. Their accounts of the crises are engaging and their analyses are insightful and persuasive.” -- Ben S. Bernanke, former chairman of the Federal Reserve“Those who do not study history are more likely to repeat earlier errors, particularly so in the case of financial crises. Gorton and Tallman have painstakingly recorded how US financial crises unfolded and then dissipated between 1873 and 1914, and then distilled general lessons for handling current and future crises. Besides conforming to Bagehot’s rule, they emphasize the importance of managing information in order to avoid contagion from the bank perceived as weakest, to the next weakest, and on until the whole edifice systematically collapses. Excellent history and shrewd analysis.” -- Charles A. E. Goodhart, London School of Economics“History matters, including financial history. During the recent crisis, those of us then running the Bank of England introduced a course on the history of crises for our core staff. Although I don’t agree with every one of its conclusions and prescriptions, I dearly wish we had had this book to hand then! Policy makers need more books like it, and to follow the example of Gordon and Tallman in taking insights from the past seriously.” -- Paul Tucker, former deputy governor of the Bank of EnglandTable of ContentsPreface 1 Fighting Financial Crises: Learning from the Past 2 The New York Clearing House Association 3 The Start of a Panic 4 What the New York Clearing House Did during National Banking Era Panics 5 Information Production and Suppression and Emergency Liquidity 6 “Too Big to Fail” before the Fed 7 Certified Checks and the Currency Premium 8 The Change in Depositors’ Beliefs during Suspension 9 Aftermath 10 What Ends a Financial Crisis? Historical Reminders 11 Modern Crises: Perspectives from History 12 Guiding Principles for Fighting Crises Appendixes Notes References Index

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Book SynopsisDemonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models, this book presents the cutting edge in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking.The first part of the book explores methodological issues, advocating for a stronger ethical consideration in macroeconomics and for the adoption of a strategy of pluralism to ensure that macroeconomic theory is capable of adapting to real-world issues. The second part highlights recent trends in empirical Stock-Flow Consistent models by collecting a group of the most well-developed empirical models of five different economies: the Danish, the Dutch, the French, the Italian, and the Argentinian models. In all five cases, the models are used to discuss various policy aspects of the individual economies. Finally, the book explores issues of macroeconomic policy which are largely n

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Book SynopsisSmall states face a number of challenges, mainly because of their geographical positioning and inherent characteristics, such as small populations, limited resources endowment and market constraints that make them more vulnerable to exogenous economic shocks. Climate change is adding a further layer of difficulty, making it more challenging to build long-lasting resilience. Building resilience in small states is crucial to enhance their capacity to address external shocks, however, this can vary depending on the specific context, geographical location and the socioeconomic conditions of each country. Tailored approaches and solutions are necessary to address the unique challenges faced by individual small states.This volume, which adopts a humanitarian and development approach to address risks, vulnerability and resilience of populations in small states exposed to shocks, contributes to the growing academic literature on economic, environmental, social and climate vulnerability and resilience. In conjunction with efforts to address root causes of vulnerabilities, promote social justice and foster sustainable development, the book explores whether there is a more holistic approach that combines resilience with a focus on equity, social change and transformative actions, which can enhance the effectiveness of resilience efforts.Written by experts in the field of small states and small island developing states, this book is an invaluable tool for those researching the impact of contemporary environmental and socioeconomic issues on small states worldwide.

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Book SynopsisThis book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions in Central Eastern Europe and Russia in the 1990s, and the great financial crisis of 20089. In addition to providing wide geographic and historical coverage of episodes of crisis in North America, Europe, Latin America and Asia, the book clarifies basic concepts in the area of recession economics, analysis of high inflation, debt crises, political cycles and international political economy. An understanding of these concepts is needed to comprehend big recessions and slumps that often lead to both political change and the reassessment of prevailing economic paradigms.Trade Review'The twentieth century saw plenty of booms and busts, and the early twenty-first century saw a financial crash - threatening a repeat of the 1930s depression. Andrés Solimano provides the reader with an authoritative guide to these busts, crashes and depressions. This book is not only a history of capitalism, but also a warning that the next calamity is just around the corner.' Tony Addison, United Nations University World Institute for Development Economics Research'Fully conversant with changing economic and monetary theories and associated policy interventions, Solimano deploys a wealth of macroeconomic financial data to drive home one enduring feature, namely, the instability of capitalism. His book is economic history at its best, something the economics curriculum of today could hugely benefit from.' Anthony D'Costa, University of Alabama, Huntsville'This masterful guided-tour of the economic downturns in recent history is both spectacularly rich and absolutely indispensable. Solimano begs the question: when shall we learn from our mistakes?' Dimitry Kochenov, University of Groningen'The statistics collected by Solimano in this book are a gold mine for economists. He goes beyond simple lack-of-demand analyses and points out limitations of Keynesian stabilization policy as important, and at times useful, could not be a miracle cure for recessions.' Vito Tanzi, author of Termites of the StateTable of Contents1. Introduction; 2. Recessions and depressions: an overview of theories and empirics; 3. World War I, hyperinflation in the 1920s and World War II; 4. The Great Depression of the 1930s; 5. Stagflation in the 1970s, globalization and the financial crisis of 2008–9; 6. Two depressions in the early twenty-first century: the cases of Latvia and Greece; 7. Soviet-type of socialism and the post-socialist transition; 8. Economic crises in Latin America and East Asia; 9. Synthesis and interpretation.

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Book SynopsisProperty rights are important for economic exchange, but many governments don''t protect them. Private market organizations can fill this gap by providing an institutional structure to enforce agreements, but with this power comes the ability to extort group members. Under what circumstances, then, will private organizations provide a stable environment for economic activity? Based on market case studies and a representative survey of traders in Lagos, Nigeria, this book argues that threats from the government can force an association to behave in ways that promote trade. The findings challenge the conventional wisdom that private good governance in developing countries thrives when the government keeps its hands off private group affairs. Instead, the author argues, leaders among traders behave in ways that promote trade primarily because of the threat of government intrusion.Trade Review'Grossman has written a gem of a book. Private governance of the day-to-day operations of urban informal markets is under-theorized and notoriously difficult to study. Grossman brilliantly addresses these challenges, highlighting the surprising benefits of the threat of government predation and conducting an impressive survey of Lagos traders informed by rich case studies. Anyone wanting to understand the political economy of informal spaces or looking for an outstanding example of theoretically-informed fieldwork should read this book.' Gwyneth McClendon, New York University'This book is a timely and significant contribution to understanding the complex dynamics of the economic landscape of Lagos informal market structures. This comprehensive assessment of market associations provides not only grounded knowledge, but also new insights into the internal workings of the informal economy, everyday politics and interactions with the state. It is a remarkable reference book for researchers in urban studies and governance.' Taibat Lawanson, University of Lagos'Based on extensive fieldwork in Lagos, Grossman investigates the inner workings of Nigerian market activity. The book illustrates how private governance institutions often govern complex market arrangements and do so better in the shadow of the state. It offers a new and compelling analysis of the relationship between states and markets that challenges those studying developing economies to pay closer attention to governance provided by market participants themselves. It is a rigorous, fascinating, and important contribution to our understanding of institutions. Highly recommended.' David Skarbek, Brown University'Can private governance promote trade and economic development? Shelby Grossman offers a persuasive theory that nonstate governance performs best precisely when states also regulate economic affairs. Meticulous survey and qualitative evidence from markets in Nigeria reveals how informal leaders promote cooperation and enforce property rights precisely when trying to avoid government meddling. The result is a fresh perspective on some of the most fundamental questions about state-society relations in political economy.' Alisha Caroline Holland, Harvard UniversityTable of Contents1. Introduction; 2. Market Associations: An Overview; 3. Conducting a Representative Survey of Informal Traders; 4. A Calm Sea Does Not Make a Good Sailor: A Theory of Private Good Governance; 5. Government Threats and Group Leader Strength; 6. Business is Secret: Government Threats and Within-Group Competition; 7. Private Groups in Comparative Perspective; A. Appendix to Chapter 2 – Market Associations: An Overview; B. Appendix to Chapter 3 – Conducting a Representative Survey of Informal Traders; C. Appendix to Chapter 4 – A Calm Sea Does Not Make a Good Sailor – A Theory of Private Good Governance; D. Appendix to Chapter 6 – Government Threats and Within-Group Competition; E. Appendix to Chapter 7 – Private Groups in Comparative Perspective.

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Book SynopsisThis second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.Trade Review'This book paves the way for another revolution in macroeconomics. Wray shows us how an economy with modern money works and, more importantly, how it can be used to lift us to a more prosperous tomorrow.' Stephanie Kelton, University of Missouri-Kansas City 'Wray debunks so many of the destructive beliefs that have contributed to our current economic and social malaise. This is a primer that should not only become mandatory reading for students of economics, but any policy maker who truly wants to deal with the grave disasters engendered from years of 'reading from the wrong playbook'.' Marshall Auerback, Director of the Economists for Peace and Security (epsusa.org) and a research associate at the Levy InstituteTable of ContentsContents List Of Illustrations Preface Box: Definitions Introduction The Basics Of Modern Money Theory 1. The Basics Of Macroeconomic Accounting 1.1.The Basics Of Accounting For Stocks And Flows 1.2.MMT, Sectoral Balances, And Behavior 1.3. Stocks, Flows, And Balance Sheet: A Bathtub Analogy 1.4. Government Budget Deficits Are Largely Nondiscretionary: The Case Of The Great Recession Of 2007 1.5. Accounting For Real Versus Financial 1.6. Recent US Sectoral Balances: Goldilocks And The Global Crash 2. Spending By Issuer Of Domestic Currency 2.1. What Is A Sovereign Currency? 2.2. What Backs Up Currency And Why Would Anyone Accept It? 2.3. Taxes Drive Money 2.4. What If The Population Refuses To Accept The Domestic Currency? 2.5. Record Keeping In The The Money Of Account 2.6. Sovereign Currency And Monetizing Real Assets 2.7. Sustainability Conditions 3. The Domestic Monetary System: Banking And Central Banking 3.1. Ious Denominated In The National Currency 3.2. Clearing And The Pyramid Of Liabilities 3.3. Central Bank Operations In Crisis: Lender Of Last Resort 3.4. Balance Sheets Of Banks, Monetary Creation By Banks, And Interbank Settle-Ment 3.5. Exogenous Interest Rates And Quantitative Easing 3.6. The Technical Details Of Central Bank And Treasury Coordination: The Case Of The Fed 3.7. Treasury Debt Operations 3.8. Conclusions On Fed And Treasury Roles 4. Fiscal Operations In A Nation That Issues Its Own Currency 4.1. Introductory Principles 4.2. Effects Of Sovereign Government Budget Deficits On Saving, Reserves, And In-Terest Rates 4.3. Government Budget Deficits And The 'Two-Step' Process Of Saving 4.4. What If Foreigners Hold Government Bonds? 4.5. Currency Solvency And The Special Case Of The US Dollar 4.6. Sovereign Currency And Government Policy In The Open Economy 4.7. What About A Country That Adopts A Foreign Currency? 5. Tax Policy For Sovereign Nations 5.1. Why Do We Need Taxes? The MMT Perspective 5.2. What Are Taxes For? The MMT Approach 5.3. Taxes For Redistribution 5.4. Taxes And The Public Purpose 5.5. Tax Bads, Not Goods 5.6. Bad Taxes 6. Modern Money Theory And Alternative Exchange Rate Regimes 6.1.The Gold Standard And Fixed Exchange Rates 6.2. Floating Exchange Rates 6.3. Commodity Money Coins? Metalism Versus Nominalism, From Mesopotamia To Rome 6.4. Commodity Money Coins? Metalism Versus Nominalism, After Rome 6.5. Exchange Rate Regimes And Sovereign Defaults 6.6. The Euro: The Set-Up Of A Nonsovereign Currency 6.7. The Crisis Of The Euro 6.8. Endgame For The Euro? 6.9. Currency Regimes And Policy Space: Conclusion 7. Monetary And Fiscal Policy For Sovereign Currencies: What Should Government Do? 7.1. Just Because Government Can Afford To Spend Does Not Mean Government Ought To Spend 7.2. The 'Free' Market And The Public Purpose 7.3. Functional Finance 7.4. Functional Finance Versus The Government Budget Constraint 7.5. The Debate About Debt Limits (US Case) 7.6. A Budget Stance For Economic Stability And Growth 7.7. Functional Finance And Exchange Rate Regimes 7.8. Functional Finance And Developing Nations 7.9. Exports Are A Cost, Imports Are A Benefit: A Functional Finance Approach 8. Policy For Full Employment And Price Stability 8.1. Functional Finance And Full Employment 8.2. The JG/ELR For A Developing Nation 8.3. Program Manageability 8.4. The JG/ELR And Real World Experience 8.5. The JG And Inequality 8.6. Conclusions On Full Employment Policy 8.7. MMT For Austrians: Can A Libertarian Support The JG? 9. Inflation And Sovereign Currencies 9.1. Inflation And The Consumer Price Index 9.2. Alternative Explanations Of Hyperinflation 9.3. Real-World Hyperinflations 9.4. Conclusions On Hyperinflation 9.5. Conclusion: MMT And Policy 10. Conclusions: Modern Money Theory For Sovereign Currencies 10.1. MMT Got It Right: The Global Financial Crisis 10.2. MMT Got It Right: The Euro Crisis 10.3. Creastionism Versus Redemptionism: How A Money-Issuer Really Lends And Spends 10.4. Growing Recognition Of The Need For A Job Guarantee 10.5. MMT And External Constraints: To Fix Or To Float, That Is The Question 10.6. A Meme For Money Notes Bibliography Index

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Book SynopsisA former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutionsTrade Review"Bernanke is the most influential thinker and practitioner on central banking of our era. His book, 21st Century Monetary Policy, offers a lucid account of the evolution of central banking and the US central bank from the ‘great inflation’ of the late 1960s, 1970s and early 1980s to today and into the future." -- Martin Wolf - Financial Times"[Bernanke] is ideally equipped to explain the economic forces and ideas behind the policies of central banks, especially the Fed, over the past half-century. The book is characteristically well argued." -- Financial Times

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Book SynopsisTHE SUNDAY TIMES TOP TEN BESTSELLER 'His vision, ideas and passion shine through on every page' Ed Balls'Compelling, challenging, inspiring and very timely' Piers Morgan'Immensely powerful and persuasive...I found it exhilarating throughout' Joanna LumleyWhen the Covid-19 pandemic swept across the globe in 2020, it created an unprecedented impact. But out of such disruption can come a new way of thinking, and in this superb book, updated to include the latest events in Ukraine and at COP26, former UK prime minister Gordon Brown offers his solutions to the challenges we face now and in the future. In the book, he states that there are seven major global problems we must address: global health; climate change and environmental damage; nuclear proliferation; global financial instability; the humanitarian crisis and global poverty; the barriers to education and opportu

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Book SynopsisThis book is about is more than a subdiscipline within the field of economics---it is about a new field named public choice political economy that gradually evolved during the 1970s and 1980s at Virginia Polytechnic Institute in Blacksburg, Virginia. What is the field Public Choice Political Economy all about? How did it originate? Who were the main architects and builders? What values and work habits motivated the work? Finally, how did the facts about the development of public choice political economy stack up against what we know about science in general and how it has developed? The authors of the essays included in this volume, originally came together in May of 2000 in Blacksburg to celebrate their scientific achievements and take pride in the regimen of research and the processes that brewed at the legendary Public Choice center in Virginia. This location provided what turned out to be a fortuitous combination of obscurity and rustic quiet for original thoughts and conTable of ContentsIntroduction. Joseph C. Pitt, Djavad Salehi-Isfahani, Douglas Eckel . The Importance of Deviance in Intellectual Development: Especially at Virginia Tech in the 1970s. Richard B. McKenzie with Roman Galar . Public Choice and Deviance: A Comment. Steven G. Medema. Public Choice as an Academic Enterprise: Charlottesville, Blacksburg, and Fairfax Retrospectively Viewed. Richard E. Wagner . Public Choice as an Academic Enterprise: Retrospectively Viewed Again. Eugenia F. Toma . Life in the Putty-Knife Factory!. Geoffrey Brennan. The Quest for Meaning in Public Choice. Elinor Ostrom and Vincent Ostrom. Commentary on “The Quest for Meaning in Public Choice” by Elinor Ostrom and Vincent Ostrom. Michael C. Munger. Bargaining with the Devil: Commentary on the Ostroms’ “Quest for Meaning in Public Choice”. Sonia Amadae. A Toy Model of Scientific Progress. Suzanne Lohmann . Scientific Progress and Lessons for Institutional Design: Comments on “A Toy Model of Scientific Progress” by Suzanne Lohmann. Susan K. Snyder . When Hard Heads Collide: A Philosopher Encounters Public Choice. Loren E. Lomasky . What Public Choice and Philosophy Should Not Learn from One Another. Robert Sugden . Prudence and Constitutional Rights. Edward F. McClennen . Comments on McClennen’s “Prudence and Constitutional Rights”: Or How Do You Turn Words Into Action?. Joseph C. Pitt . Heraclitian Vespers. James M. Buchanan

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Book SynopsisThis book offers a holistic view of Julio Boltvinik’s vast and important work on poverty conceptualisation and measurement. It provides the foundations, application and empirical examples of Boltvinik’s Integrated Poverty Measurement Method, which could potentially transform poverty narratives globally as it has done in Mexico.Table of ContentsIntroduction Part 1: Conceptualising poverty 1. Households’ reproduction logic, their well-being sources and concepts of needs and poverty 2. Critique of the Political Economy of Poverty (CPEP), Part 1: on different answers to the question of the constitutive elements of the good/full life 3. Critique of the Political Economy of Poverty, Part 2: conceptual maps and definitions 4. Principles and good practices of poverty conceptualisation Part 2: Measuring poverty 5. Principles and good practices of poverty measurement 6. A typology of poverty measurement methods: a critique of direct and indirect poverty measurement methods 7. Combined methods of poverty measurement 8. The Integrated Poverty Measurement Method (IPMM) 9. Aggregate poverty measures (APM) Epilogue

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Book SynopsisThere were only a few women economists who made it to the surface and whose voices were heard in the history of economic thought of Adam Smith, David Ricardo, John Maynard Keynes, and Milton Friedman – right? Wrong! In this book, distinguished economist Edith Kuiper shows us that the history of economic thought is just that, a his-story, by telling the herstory of economic thought from the perspective of women economic writers and economists. Although some of these women were well known in their time, they were excluded from most of academic economics, and, over the past centuries, their work has been neglected, forgotten, and thus become invisible. Edith Kuiper introduces the reader to an amazing crowd of female pioneers and reveals how their insights are invaluable to understanding areas of economics ranging from production, work, and the economics of the household, to income and wealth distribution, consumption, public policy, and much more. This pathbreaking book presents a whole new perspective on the development of economic thought. It will be essential reading for all students and scholars of the history of economic thought and feminist economics.Trade Review“This excellent detective work solves a kind of murder mystery: it reveals the underappreciated heroines of a remarkably longstanding effort to improve the scope of economic theory.”Nancy Folbre, University of Massachusetts “History is written by the victors, and for too long economics has been dominated by old white men. This pioneering book denounces the male bias in economics and sets the record straight. Edith Kuiper shows that proper consideration for women’s many contributions to economic thinking opens up economics to badly needed new ideas and perspectives. We need less history and more herstory.”Carlo D’Ippoliti, Sapienza University of Rome“A most enlightening book.”The Society of Professional EconomistsTable of ContentsPreface and AcknowledgementsIntroduction Chapter 1. The emergence of Political EconomyChapter 2. Power, agency, and property rightsChapter 3. Education Chapter 4. Women’s relation to wealth: Capital, money, and financeChapter 5. ProductionChapter 6. DistributionChapter 7. Consumption Chapter 8. Government polices Chapter 9. Findings, Feminist Economics, and further explorationsReferences

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Book SynopsisLow growth has become the economic default in the West. While China and other Asian Tigers continue to steam ahead, western commentators either argue that stagnation is inevitable, ignoring growth in order to focus on other factors such as inflation or inequality, or disclaim growth altogether. In Why the West is Failing, veteran businessman and economist John Mills strongly refutes these arguments. He maintains that the anaemic performance of western economies since the 1970s is due to the dominance of a policy framework that has fatally ignored the importance of industrial competitiveness. He shows that the key to driving up productivity – and thereby growth – is to promote a revival of manufacturing through investment and a competitive exchange rate policy. This would produce the extra resources needed to tackle climate change and reduce the risk of western politics continuing to spiral towards populist excess. It would also allow us to impede the baleful political consequences of Chinese economic domination.Trade Review"Attempts to level up Britain will be in vain unless there is a revival of the manufacturing base and an improvement in the balance of trade, which has now been in deficit for four decades. In this provocative book, John Mills lays out a plan for how this much-needed renaissance might happen."Larry Elliott, The Guardian "If ever there was a time for new economic solutions and fresh ideas, it is now. Mills is one of the few economic thinkers to present the bold ideas needed to lift Britain out of economic crisis. His book has the big thinking this country needs."Rt Hon. Caroline Flint, former Government MinisterTable of ContentsCHAPTER 1 – What has Gone Wrong? CHAPTER 2 - Economic Growth CHAPTER 3 – Economic History CHAPTER 4 – Is Faster Growth Desirable? CHAPTER 5 – Is Faster Growth Feasible? CHAPTER 6 – Conclusion Notes

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Book SynopsisWhen Britain left the European Union in January 2021, it set out on a new journey. Shorn of empire and now the EU too, Britain’s economy is as national as it has ever been. A decade or so since globalisation seemed inevitable, this is a remarkable reversal. How did this happen?Britain alone argues that this “nationalisation” — aligning the boundaries of the state with its national peoples — emerged from the 2008 global financial crisis. The book analyses how austerity and scarcity intensified and created new conflicts over who gets what. This extends to struggle over what the British nation is for, who it represents, and who it values.Drawing on a range of cultural, economic, and political themes — immigration and the hostile environment, nostalgia and Second World War mythology, race and the “left behind”, the clap for carers and furloughing, as well as Superscrimpers and stand-up comedy — the book traces the complex nationalist path Britain took after the crash, demonstrating how we cannot explain nationalism without reference to the economy, and vice versa.In analysing the thread that ties the fallout of the crash and austerity, through Brexit, and to the shape of lockdown politics, Britain alone provides an incisive and original history of the last decade of Britain and its relationship to the global economy.Trade Review'Britain alone is a fascinating and incisive piece of scholarship, full of historically-grounded insight about the place of state, nation, and empire in Britain’s present political economy and consequent political predicaments.'Helen Thompson, Professor of Political Economy, University of Cambridge'In recent years, Britain has been gripped by political delusions and nostalgia, culminating in the Johnson premiership. Liam Stanley's great achievement is to dig beneath the mania and identify the underlying drivers, explaining how the unnecessary imposition of austerity created the conditions for a new nationalism. A lively and original analysis of Britain's extraordinary last dozen years.'Will Davies, Professor of Political Economy, Goldsmiths -- .Table of ContentsIntroduction1 A nation in debt2 Nostalgic visions3 White Britain4 From exclusion to inequality5 In or out6 Unleashing Britain’s potential7 Locked downConclusionAcknowledgementsNotesIndex

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Book SynopsisA reader on American government and the economy. It contains wide-ranging articles by people such as Richard Musgrave, Milton Friedman, James Buchanan, and Alan Greenspan.Table of ContentsIntroduction, 1. BROAD THEORIES, 2. REGULATION OF THE PRIVATE SECTOR, 3. FISCAL AND MONETARY POLICY, 4. POLITICS AND ECONOMIC OUTCOMES, Recent Trends in Economic Outcomes, About the Editor

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Book SynopsisWinner of the first Paul A. Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the TwentyFirst Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the Tshirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the TwentyFirst Century is a major contribution to the theorization and critique of global capitalism.

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Book SynopsisThe spiritual life is no longer a specialist concern, restricted to those who belong to religious traditions. The spirituality revolution is a spontaneous movement in society, a significant new interest in the reality of spirituality and its healing effects on life, health, community and well being. The Spirituality Revolution: The Emergence of Contemporary Spirituality recognises that we have outgrown the ideals and values of previous times and reveals an image of the spiritual situation of our era. Recent discoveries in physics, biology, psychology and ecology have begun to restore status to previously discredited spiritual visions of reality and this book illustrates the ways in which we might uncover a universal spiritual wisdom that could transform our splintered world. Topics explored include the current state of the Western experience of spirit, our need for spiritual guidance when we cannot turn to organised religion in their traditional forms, and the creative potentials of spirit in education, personal experience, contemporary philosophy and popular feeling for the environment. The Spirituality Revolution addresses a major social issue which requires immediate attention if we are to creatively respond to spiralling outbreaks of depression, suicide, addiction and psychological suffering. It is a much-needed contribution to the field, of great interest to analytical psychologists, counsellors, educators and social workers, and to all those interested in spirituality and the future of religion. David Tacey is Associate Professor in Psychoanalytic Studies and Reader in Arts and Critical Enquiry at La Trobe University, Melbourne, Australia. He is the author of six books on spirituality, psychology and culture, including Jung and the New Age and Remaking Men.Trade Review'It is sometimes possible to recommend a book without hesitation. This is such a book. It is exceptionally intelligent, readable, timely and full of hope. Tacey's mature comments, for example on fundamentalism, on the link between wholeness and perfection, on the distinction between spirituality and spiritualism, and his entire critique of comtemporary religion (focused mainly on Christianity), so succinctly and reasonably put, are worth the price of the book alone'. - Dr Larry Culliford, Network Review: Journal of the Scientific and Medical Network, Winter 2004Table of ContentsPart 1: The Present Situation. Rising Waters. Spirit Without Form. Youth Spirituality. Part 2: Youth Spirituality. Going to the Underground Stream. Student Spirituality and Educational Authority. Mind the Gap: Youth Spirituality and Religion. Spiritual Education: A Difficult Kind of Bliss. Losing My Religion, Recovering From the Sacred Discernment. Part 3: Discernment. Post-religion: The Return to Beginnings. Authenticity and Spirituality. Towards a New Image of God Concluding Reflections. Part 4: Concluding Reflections. Youth, Cultural Crisis and Ecospirituality. What Can Religion Do? The Spirituality Gap: Credibility and Supernaturalism. Winning Back Our Connections.

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Book SynopsisHow was Istanbul, once the capital of the Ottoman Empire and now the financial heart of contemporary Turkey, provisioned in the early 19th century? Tracing how the sovereign's duty to provision the city and protect his subjects from hunger was gradually transferred to the market and became a responsibility of the subjects (later, citizens) alone, Feeding Istanbul makes a compelling case for situating food politics, and politics of urban provisioning in particular, at the centre of our conceptualisation of the relationship between the sovereign and the political community.Table of ContentsAcknowledgementsList of Illustrations1 Introduction 1 Three Food Regimes 2 So, What Are Food Regimes? 3 Success vs. Failure: Scarcity, Hunger, Malnutrition, and Famine 4 The Political Economy of Urban Provisioning 5 Notes on Terms, Periodization, and Methodology 6 Chapter Outlines2 The Hungry Capital  The Provisioning of Ottoman Istanbul  1 The Provisioning Apparatuses: Routes, Ports, and Actors 2 Shared Provisioning Apparatuses 3 Sovereignty and Kudret 4 Timelines and Macro Processes 5 Transitions: Global Wheat, Local Plum 6 The Urban Food Provisioning Food Regime3 Unruly Transitions 1 The War Years and Republican Istanbul’s Codependent Provisioning  1.1  Years of War  1.2  Republican Istanbul 2 Urban Provisioning During Unruly Transitions 3 Scarcity in War vs. Scarcity in Peace 4 The Emerging Food Regime4 Planned Scarcities 1 Growing Istanbul: The Pangs of Development or the Crisis of Capitalism?  1.1  The 1950s: Menderes’ Istanbul  1.2  The 1960s and 1970s: Volatile Growth 2 A Rationed Sovereignty 3 Urban Provisioning in Import Substitution 4 The Codependent Provisioning Food Regime5 Feeding Global Istanbul 1 The 1980s: From Import Substitution to Market Liberalization 2 The 1990s: A Decade of Crises 3 The 2000s: A World City? Globalization and Istanbul 4 The Contemporary Provisioning Apparatus  4.1  In the Day of a Bazaar Vendor  4.2  At the Hal 5 A Precarious Sovereignty or the Sovereignty of Precarity? 6 The Urban Food Supply Chain Food Regime6 Diverging Paths 1 The 2010s: From Consolidation to Domination 2 The Future of Istanbul’s Provisioning Apparatus 3 The Promise of a Different Future 4 Of the Sovereignty, Political Community, and the Central Authority 5 The Global and the Local7 ConclusionAppendix 1 Some Early Sources on Istanbul’s Bağ, Bahçe, and BostanAppendix 2 List of Various Foods Provisioned to Istanbul and Their Locations of ProductionBibliographyIndex

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Book SynopsisIn Constructing Change, Ezgi B. Unsal provides a political economy of electricity and housing provision in Turkey. By using the case studies of electricity and housing in Turkey, the book explores how social provision is increasingly commodified across the globe as a defining feature of financialisation. Distinguishing this trend from macroeconomic definitions of financialisation, the book offers a contextual narrative of economic change in Turkey, with undetermined macroeconomic outcomes. It contributes to the literature on the financialisation of social provision and the political economy of Turkey, by confirming the increasing influence of finance on social provision sectors, making them prone to volatility while contributing to their growth at the same time.Table of ContentsPrefaceAcknowledgementsList of Illustrations1 What Is This Book about? General Introduction and Methodology 1 Objectives and Contribution 2 Methodology and the Structure of Analysis  2.1  Systematic Dialectics and Hegelian Heritage  2.2  Marx’s Materialism and the Incorporation of Empirical Material into Theory  2.3  Essence and the Process of Change  2.4  Levels of Abstraction: Tendencies and Countertendencies  2.5  The Value of Labour Power  2.6  The Systems of Provision (sop) Approach to Social Reproduction 3 Conclusion2 A Literature Survey on Financialisation 1 Introduction 2 Financialisation as an Object of Study: The Rise of Finance and Its Impacts on the Economy  2.1  Cambridge Theories of Distribution  2.2  How Do the Cambridge Theories of Distribution Relate to Financialisation?  2.3  Empirical Analyses on Firm-level: Decreasing Real Investment, Slowing Down of Accumulation  2.4  Empirical Analysis on Aggregate Level: The Impacts of Worsening Income Distribution, Determination of Different Accumulation Regimes  2.5  Emphasis upon Increasing Levels of Debt and Securitisation  2.6  Asset Price Inflation Approach and ‘Forced’ Indebtedness  2.7  Conclusion 3 Financialisation as a Reference Point for Periodisation  3.1  Annales School and Recurrent Financialisation  3.2  Financialisation as Coupon Pool: Social Accountancy and Cultural Economy Approach  3.3  Finance-led Accumulation Regime as an Alternative to Fordist Regime: French Regulation School  3.4  Varieties of Capitalism (VoC) Approach  3.5  Tri-partite Class Regime and the Crisis of Neoliberalism: Duménil and Lévy  3.6  Financial Expropriation Approach: Lapavitsas and Dos Santos  3.7  The Increasing Presence of Interest-bearing Capital 4 Conclusion3 Financialisation in Developing and Emerging Economies 1 Introduction 2 Historical Development of Financialisation in Developing Countries  2.1  Reserve Accumulation Strategy and the Narrowing Down of the Policy Scope  2.2  Crowding-out of Investment and Changes in Firm and Institutional Behaviour 3 Conclusion4 The Political Economy of Turkey Since 1980  Towards Differentiated Global Integration 1 Introduction 2 1980s and 1990s: Capital Account Liberalisation, Export Boom and Public Indebtedness 3 Political Economy of Transition: The Differentiated Impacts of the 2001 Crisis 4 After 2001: Restructuring of the Banking Sector 5 After 2001: Household Indebtedness 6 After 2001: Capital Restructuring? 7 Conclusion5 The Political Economy of Electricity Provision in Turkey 1 Introduction 2 Privatisation of Electricity Provision: Rhetoric and Experiences around the World  2.1  Scholarship on Privatisation of Electricity Provision: How and What to Regulate? 3 Energy Sector Outlook in Turkey 4 Historical Background and Institutional Framework for Electricity Provision in Turkey  4.1  Privatisation Process i: Policy Design and Price Regulation  4.2  Privatisation Process ii: Addressing Losses and Theft and Other Problems in Implementation 5 The Case of Hydroelectric Power Plants (HEBB s) in Turkey: How They Are Built and Financed  5.1  Ilisu Dam: A HEBB Project  5.2  Coruh Development Plan 6 What Role to the Finance?  6.1  Firm Financing: An Investigation of Corporate Balance Sheets in the Electricity Industry 7 Conclusion6 The Political Economy of Housing Provision in Turkey 1 Introduction 2 Production Matters in a Comparative Context: Housing Provision in Britain 3 Production upon Landed Property: Marx’s Agricultural Rent Theory  3.1  Rent in Urban Settings 4 The Dynamics of Housing Production in Turkey: A Construction Boom Facilitated through State Institutions  4.1  A History of Housing Provision in Turkey within the Context of Urbanisation  4.2  The Rise of a State Institution in the Transition towards Market-based Provision: toki (Housing Development Administration) 5 An Empirical Investigation of the Construction Sector Firms’ Financial Statements 6 The Dynamics of Housing Consumption in Turkey  6.1  Housing Consumption: Who Consumes How Much? 7 Conclusion7 Conclusion 1 Introduction 2 Main Findings and Contribution 3 Further Issues and Concluding RemarksBibliographyIndex

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Book SynopsisA multi-faceted account of Egyptian economic development by nineteen internationally recognized authorities and the critical challenges the economy is likely to face in the next twenty yearsThe Egyptian Economy in the Twenty-first Century addresses the question of why Egypt, despite possessing a plethora of assets—such as a fertile agriculture, a strategic geographic location, oil and gas deposits, innumerable tourist sites, a labor force prized by regional countries, and a diaspora that remits large amounts of funds—has seldom performed to its economic potential during the last sixty years. Indeed, economic weakness created political weakness, and often exposed the country to foreign diktats. What should the country do to change this state of affairs?Nineteen internationally recognized authorities on the Egyptian economy discuss the critical challenges that the Egyptian economy is likely to face in the next two to three decades, challenges which must be overcome in order to improve the life of Egypt’s citizens and to protect the country from external pressures. Their analyses cover population and employment; development strategies; principal macroeconomic issues; development of a digital economy; fiscal and monetary matters; the external sector; poverty and income distribution; the enterprise structure; higher education; water availability; urbanization; institutional performance; and many others.Contributors:- Gouda Abdel Khalek, Cairo University, Cairo, Egypt- Khaled M. Abu-Zeid, Regional Water Resources, CEDARE (Center for Environment and Development for the Arab Region and Europe), Cairo, Egypt.- Fatma El Ashmawy, World Bank.- Ragui Assaad, University of Minnesota, Twin Cities of Minneapolis and Saint Paul, Minnesota, USA- Izak Atiyas, Economic Research Forum, Cairo, Egypt.- Marwa Biltagy, Cairo University, Cairo, Egypt.- Lahcen Bounader, International Monetary Fund.- Ishac Diwan, École Normale Supérieure, Paris, France.- Ahmed Ghoneim, Cairo University, Cairo, Egypt.- Khalid Ikram, Washington DC, USA.- Karima Korayem, al-Azhar University, Cairo, Egypt.- Heba el-Laithy, Cairo University, Cairo, Egypt.- Noha el-Mikawy, Ford Foundation, Middle East and North Africa, Cairo, Egypt. - Mohamed Mohieddin, Menoufia University, Menoufia, Egypt.- Heba Nassar, Cairo University, Cairo, Egypt.- Osman Mohamed Osman, Cairo, Egypt.- Noha Razek, University of Regina, Regina, Saskatchewan, Canada.- David Sims, Cairo, Egypt.- John Waterbury, Princeton, New Jersey.Trade Review"A collection of essays by many of the most distinguished social scientists working on Egypt today, this book provides a detailed and sobering picture of the country’s challenges after decades of negligent and inept economic management. . . . That said, no government of Egypt could ask for a better roadmap to a more hopeful future than the one outlined in these essays."—Foreign Affairs"[A] highly readable account of Egypt’s economic situation and approaches to the twin challenges of providing its citizens with a better life and minimizing its vulnerability to external pressures. After Ikram’s extensive introduction summarizing the volume, 14 chapters—nearly all by Egyptian academics—discuss a wide array of issues, from demographic trends to higher education, urbanization to street children, water challenges to natural gas, and fiscal and monetary policies. . . . Highly recommended. Undergraduates through faculty; professionals; general readers."—CHOICE“[This] book is a model of how to analyze a country's economic situation. It is rich in information and solid analysis, presented in a manner easily accessible by the general reader but well versed in economic theory.”—Middle East Quarterly"A tour de force! Ikram and Nassar have assembled leading experts on Egypt and have compiled a masterful collection of strongly analytic yet highly policy-relevant chapters on key aspects of the economy. Critical challenges are identified with acuity, and vital recommendations are offered to help steer future policies. An excellent contribution and a must read." —Danny Leipziger, George Washington University"This book brings together articles by well-known experts on the critical areas of the Egyptian economy, both its current situation, and the near term outlook. It not only addresses the challenges that the economy is currently encountering, but also provides the analytical framework that will be needed to assess and respond to the likely unforeseen economic effects of the possible structural shifts in the global economy in the period ahead. The book is an important contribution to understanding the evolving Egyptian political economy and helps establish a sound basis for formulating the needed policy reforms to achieve Egypt's medium term objectives."—Zubair Iqbal, Middle East Institute“This tour de force is a major contribution to development economics in times of unprecedented and accelerating change. The chapters in this book set out to explain why Egypt, despite its numerous physical and human assets, has so frequently underperformed its economic potential during the last sixty years. The way out is by abandoning the current zigzag of incoherent policies in favor of a human-resource-based strategy similar to that of the East Asian Tigers. The main message may be summed up in the words of Albert Einstein: 'We cannot solve our problems with the same thinking we used when we created them.'”—Samir Radwan, Former Minister of Finance of EgyptTable of ContentsNote on ContributorsList of Figures and TablesPrefaceAcknowledgmentsIntroductionKhalid IkramPart 1: The Human Factor1. Prospects for Egypt’s Population and Labor Force: 2000 to 2050Ragui Assaad2. The poverty trap: Why is it Persisting in Egypt?Osman Mohamed Osman and Heba El Laithy3. Urbanization in EgyptDavid Sims4. Street Children in Egypt: Principal Causes and Economic CostKarima Korayem5. Is Egypt’s Higher Education System Broken?John Waterbury6. Water Challenges and Recommended PoliciesKhaled Abu-ZeidPart 2: Development Strategies7. The “Trickle-down” Approach: Its Relevance to The Case of EgyptGouda Abdel-Khalek8. Human Resource Competitiveness and the Digital EconomyHeba Nassar and Marwa Biltagy9. The “Missing Middle” in Egypt’s Enterprises and Its Impact on Economic GrowthIzak Atiyas and Ishac DiwanPart 3: Drivers and Policy Instruments10. The External Sector: Performance and IssuesAhmed Ghoneim11. The Natural Gas Sector: Opportunities and ChallengesNoha H.A. Razek12. Fiscal Policies and IssuesFatma El Ashmawy13. Monetary Policy in Egypt: Medium- and Long-term ViewLahcen BounaderPart 4: Institutional Development14. Institutional Constraints and OpportunitiesNoha El-Mikawy and Mohamed Mohieddin

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Book SynopsisFootball has been largely exempt from the development of the regulatory state and has been left to govern itself. However, new media have raised the profile of the game and globalization has created new pressures as football clubs become pawns in the ambitions of states, consortia and wealthy individuals. Clubs offer an important sense of identity for fans, but the impersonality and distance of ownership can set up new tensions. In addition, corruption in the international governing body has been a significant problem and the sport’s symbiotic relationship with gambling continues to be a concern. Wyn Grant examines the political economy of football and its uneasy relationship with the market. There are no off-the-shelf solutions for regulation, he argues, but the complexities of the game and its economic size demand more attention from government.Trade ReviewHistorically football and politics only coincided when there were photo opportunities or bandwagon-jumping in relation to a World Cup bid or appearance. In recent years football’s ever increasing impact has moved from the back to the front pages of newspapers, and people from the industry with large social media followings, such as Gary Neville and Marcus Rashford, have helped to highlight issues and influence policy decisions. Wyn Grant’s Political Football is therefore essential reading, looking at the impact of the game as a microcosm of both national and international political and social developments. Issues such as governance, abuse of power, wealth distribution, racism, corruption, misogyny and homophobia cannot be solved by the industry itself, and the self-regulation mantra of those in control helps to preserve the status quo. This book is a thought-provoking summary of where football presently stands in relation to these issues and offers some suggestions as to how to help the football world make progress. -- Kieran Maguire, author of The Price of FootballA brilliant analysis of what has gone wrong with the world’s most popular sport ... the chapter on women’s football is the strongest detailing the long history of sexism, misogyny and patriarchy in the game. -- Times Higher EducationTable of Contents1. Introduction2. Globalization3. Football as a business4. Labour, migration and racism5. Football and gambling6. Women's football7. Regulation8. Finding solutions: a new regulatory framework

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Book SynopsisPolitical economy is a vibrant field of study in which one can draw worrying and profitable conclusions. After the Great Recession: The New Normal is the hybrid of a passionate left-leaning pamphlet and an academic essay in political economy. It brings together in a legible synthesis wide ranging readings to clarify and answer key questions, generating new ones. Why does neoliberalist economy blow bubbles, only to burst them by blowing new ones? How was cheap energy from fossil fuel the cradle of modern economic growth and hegemony? Here writes a fellow seeker with unfailing curiosity and an inquiring mind sustained by hope to build a new society based on mutual aid and shared ethical rules. Mutuality is the second law of the jungle, assisting group survival. This insightful, provocative and timely book provides a comprehensive view of the devastating 2008 financial crisis and its lasting impact on our world and the economy. As well as the nature of capitalism and its financialised version, she considers how environmental changes impact the ability to govern humanity, and what constraints for access to materials and energy may mean for civilisation’s future. The history of several oil shocks is researched, secure energy supplies being a primary driver for geostrategic strategies. The book suggests fossil fuel may not be available and/or profitable to extract in the quantities required long before renewable energy is able to substitute for it. Financialised capitalism, plagued by cycles of boom and bust damaging the real economy, is crashing in slow motion. It is urgent to agree on simplified political structures that may help us face the decline foretold in ‘Limits to Growth’, half a century ago, and prepare for future re-building. After the Great Recession: The New Normal appeals to its audience with a stoic and constructive voice so that we may eventually come together for a better outcome for us all.

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Book SynopsisWhen leading scholar of Marx, Roman Rosdolsky, first encountered the virtually unknown text of Marx's Grundrisse - his preparatory work for his masterpiece Das Capital - in the 1950s in New York Public Library, he recognized it as "a work of fundamental importance," but declared "its unusual form" and "obscure manner of expression, made it far from suitable for reaching a wide circle of readers." David Harvey's Companion to Marx's Grundrisse builds upon his widely acclaimed companions to the first and second volumes of Capital in a way that will reach as wide an audience as possible. Marx's stated ambition for this text - where he was thinking aloud about some of possible metamorphoses of capitalism - is to reveal "the exact development of the concept of capital as the fundamental concept of modern economics, just as capital itself is the foundation of bourgeois society." While respecting Marx's desire to "bring out all the contradictions of bourgeois production, as well as the boundary where it drives beyond itself," David Harvey also pithily illustrates the relevance of Marx's text to understanding the troubled state of contemporary capitalism.Trade ReviewDavid Harvey provoked a revolution in his field and has inspired a generation of radical intellectuals. -- Wolfgang Streeck, Max Planck Institute for the Study of SocietiesHarvey is a scholarly radical; his writing is free of journalistic clichés, full of facts and carefully thought-through ideas. -- Richard Tuck, Harvard UniversityFew people have penetrated the heartland of contemporary cultural theory and critique as explosively or insightfully as David Harvey. * Financial Times *One of the most perceptive and intelligent thinkers the progressive movement has. * Wall Street Journal *A consistent and intelligent voice on the left. * Times Higher Education *It is often said of Marx that you need to read to the end to grasp what comes at the beginning. True to that maxim, after a lifetime of studying and interpreting Marx, David Harvey has finally returned to where Marx's critique of political economy effectively began, in the famous Grundrisse. Harvey likens his Companion to accompanying the reader on a long hike, pointing out key landforms, junctions and hazards along the way. So put on your boots, fill your water bottle, and join Harvey in his dazzling venture to bring Marx's 'most interesting and difficult' book to life. -- Brett ChristophersAn indispensable companion to the Grundrisse. Harvey's newest is as illuminating for experienced readers as it is helpful for those who are encountering Marx's great text for the first time. -- Nancy FraserNo matter how many times I read the Grundrisse by myself, I find it a difficult text. When I read it with David Harvey, however, the text is illuminated with light from the present. Harvey uses Marx's insights to make sense of the tricks capital plays today, from its drive towards financialization to its devastation of the planet. This is an extraordinary ability. For it reminds us not only of the relevance of Marx, but by making capitalism legible in the here and now, Harvey re-commits us to struggles against it. He is truly the Marx whisperer of our times. -- Tithi Bhattacharya, Co-Author of Feminism for the 99%Superbly lucid. -- Charles Mudede * The Stranger *Building on his acclaimed companions to the first and second volumes of Capital, Harvey carefully examines the drafts Marx's wrote in the 1850s, and illustrates their relevance to understanding the troubled state of contemporary capitalism. * Climate & Capitalism *When it comes to the critique of capitalist society over the last half century, few thinkers can rival David Harvey's influence and originality... -- Benjamin Tetler * Marx & Philosophy Review of Books *Just as Das Kapital provided orientation amid the Great Recession, the Grundrisse-and Harvey's interpretation of it-could be an indispensable guide to navigating our political situation today, specifically when it comes to the question of how to deal with a rapidly developing artificial intelligence and the continued, seemingly inexorable rise of China -- Samuel McIlhagga * Foreign Policy *

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Book SynopsisThe Worst is Yet to Come explores the disturbing possibility that the current crisis of neoliberal capitalism isn't going to spawn an emancipatory renaissance, but a world that is much, much worse. Wealthy CEOs see it. They've been purchasing isolated bunker-retreats in New Zealand for when the shit goes down. Our politicians know it too, and are frantically transforming the liberal state into a militarized machine. Scientists are either uselessly decrying the looming eco-catastrophe or jumping on the opportunity to conduct ever-reckless experiments with the human genome. The animal kingdom is retreating from the scene in terrible silence, preferring the swift demise of the abattoir's bolt-gun than witnessing what is about to happen. Yet some of us are still ignoring the warning signs, choosing instead to remain cheerfully optimistic, believing that society has probably hit rock bottom and the only way is up. This book argues the opposite. What if we haven't hit rock bottom and are on the precipice of something much worse? And what if were too late? But this grim prospect isn't submitted in the name of millennial fatalism or hopeless resignation. On the contrary, if our grandchildren are to survive the implosion of capitalism - for the chances we will are fairly slim - then a realistic picture of the nightmare to come is crucial. Only an unwavering attitude of "revolutionary pessimism" will help us to prepare accordingly. For the apocalypse will almost certainly be disappointing.Trade Review"Concise, astute, unapologetic... the book we need in these trying times." — Into the Void"Really excellent… both terrifying and funny.” — Paul Mason"Fascinating." — Guardian

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Book SynopsisThis is a book of China's own political narrative written by one of China's leading and best-known thinkers. It is the last part of the author's 'China Trilogy', which is a best-seller in China, with over one million copies sold. The book in itself is a centerpiece of the unfolding debate within China on the nature and future of the country and how it compares with the West. It addresses a hugely important issue of the day, i.e., in what way China is overtaking or may overtake the United States as the world's preeminent power. The author provides an original and thought-provoking study on how China has managed, through its own development model, to catch up and even surpass, to various extents, the United States, in terms of gross GDP, net household assets and social protection.The book elaborates on how China has engaged itself in reshaping its institutions to ensure its smooth rise, drawing on the strengths of its own traditions, socialist legacies and elements from the West. It analyzes the weakness of the Western political institutions and discusses how China has developed its own institutional edge over the West. The author argues that as a civilizational state, China has evolved a logic of its own for development and its own political discourse which questions seriously many Western assumptions about democracy, good governance and universal values.The book recaptures the essence of China's past glory and discusses the horizon of the Chinese dream as well as how China should meet the various challenges ahead. It offers a unique and original perspective on the future of this coming superpower. Like The China Wave, this book is both discerning and provocative, and serves as a required reading for everyone concerned with the rise of China and its global implications.

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Book SynopsisThis book addresses the highly differentiated spatial, social, cultural and demographic structure(s) of Germany, with a particular focus on the reciprocal relations between different levels of spatial development. The historical development of Germany serves as a background in order to provide context for the development of spatially relevant ideas and ideals (whether in relation to politics, landscape, or culture). In this regard, questions of divergence and convergence become highly salient. The book makes the complexity of spatial and social developments in Germany comprehensible. The neopragmatic approach adopted here allows bringing together different theoretical strands while providing a basis for independent regional geographic research at the same time. Beginning with an overview of the physical structures of Germany which provides the material point of departure for the societal development of Germany, key aspects of the German history are discussed. Particular attention is paid to the reciprocal influence between material substrate and notions of landscape. Here, specific ‘German’ trajectories of aesthetic and normative conceptions of landscape become clear. A common theme throughout the book are questions of divergence and of efforts towards convergence, which become evident when considering past and present economic, political, and demographic developments. Efforts to tackle current challenges, such as adapting to climate change and mitigating it, or securing raw materials, also become apparent. The complexity of spatial processes in Germany is illustrated in case study regions dealing with the challenges of structural change in traditional industrial regions (such as the Ruhr area), or e.g. efforts of Berlin to position and find itself as the capital of a unified Germany. Overall, the book shows how theory-driven regional geographic research can make spatiotemporal complexities tangible and comprehensible.Table of ContentsChapter 1. Introduction: Geographies of Complexity.- Chapter 2. Theoretical Framework of a Geography of Germany.- Chapter 3. The Physical Framework.- Chapter 4. Historical Developments – Aspects of German Division and Unification.- Chapter 5. Landscape Developments.- Chapter 6. Spatial Developments in Germany: Persistences, New Differences, and the Effort for Unity.- Chapter 7. Geographies of Complexity and their clarification.- Chapter 8. Regional Development.- Chapter 9. Résumé.- Index.

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Book SynopsisTrading, forecasting, aggregating, and innovating (the Four) are key social interactions in human life at both the individual and aggregate levels. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. But humans have multifaceted behavior, too. They are capable of having contradictory impulses towards one another, integrating and disintegrating as well as cooperating and dominating, and behaving prosocially and anti-socially. Hence, humans need to organize themselves in order to maintain, improve, and extend their social interactions as well as a safe and ordered life. Crucial intersections emerge naturally—the efficiency of humans’ way of tackling the Four is a joint product of economic systems, institutions, and behaviors. All told, the main idea of this book is to include in a single tour a collection of insights on why and how humans implement the Four. The narrative highlights several connections as well as how key these businesses are as the traveler is escorted through some Four-related behavioral problems and institutional solutions that humans have been, respectively, facing and elaborating over time. Economics students may exploit this book by both inserting what they are learning from textbooks into a wider framework and enjoying some of the hints revealed by the grand social theorizing of giants such as A. Smith and J. Schumpeter. But the proposed tour may also attract outsiders to economics who are curious about disparate economic themes linked to the Four but who wish to gain an overview without engaging in longer readings.Table of ContentsChapter 1. Prologue.- Chapter 2. Trading: Humans Are Heterogeneous Animals.- Chapter 3. Forecasting: Humans Are Prone-To-Predicting Animals.- Chapter 4. Aggregating: Humans Are Social Animals.- Chapter 5. Innovating: Humans Are Ingenious Animals.- Chapter 6. Epilogue.

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Book SynopsisThe COVID-19 pandemic　posed　a major threat to the well-being of older Europeans. Its economic and social effects, however, varied across countries. This multidisciplinary book presents the first results of analyses that combined the renowned longitudinal database of SHARE with new data from two telephone surveys that were uniquely conducted during the pandemic. The analyses address important policy-related issues, such as: Did　social distancing　destabilize family and social support networks? Did the pandemic increase health, social and economic inequality? Who had to forego essential health care because of the pandemic?　Did lockdown affect one’s physical and mental health? Did the shift towards remote work affect workload and well-being? Were　different　housing conditions related to the spread of the virus?　　

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Book SynopsisEurope is in a permanent state of crisis: nationalisms, brexit and seemingly insurmountable differences on issues of migration, reforming the euro zone and improving its global competitiveness are threatening the cohesion of the Union. At the same time, external pressure from Russia and China, developments on the southern periphery, and not least in the United States, is growing. Trump's election not only disintegrates Germany's foreign policy coordinate system, but also turns the liberal international order upside down. Against this background, Stefan Fröhlich argues for a reassessment of Germany's role in Europe and the world in this political essay: Germany's foreign policy is better than its reputation. In recent years, the country has long since broken with numerous taboos and assumed leadership in Europe. This is one of the reasons why the accusations of those who continue to lament German complacency but at the same time evade global leadership and responsibility themselves sound downright cynical.This book is a translation of the original German 1st edition Das Ende der Selbstfesselung by Stefan Fröhlich, published by Springer Fachmedien Wiesbaden GmbH, part of Springer Nature in 2019. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors.Table of ContentsThe tiresome debate about Germany's role in the world - from overcoming division to the new German question - The future of the world economy and the euro zone - Between the fronts. Conflict and crisis management on the eastern and southern flanks of the EU - Transatlantic and other strategic partnerships - Germany in the concert of global system change agents - Germany's new foreign policy pragmatism

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Book SynopsisIn this textbook, governance aspects are presented and explained in a comprehensible way at different levels: After a look at the roots of the governance discussion in economics and political science, political and economic negotiation and problem-solving processes are discussed on the macro level "Orders of Governance" and institutional and normative framework conditions are considered; on the meso level "Cooperation", forms of steering and control as well as cooperation and coordination of social economy enterprises are dealt with; and on the micro level "Interactions", governance is dealt with from the perspective of the actors and their interactions.Table of ContentsMacro level: "Orders of Governance" (First Order: local and regional problem-solving and political processes. Second Order: Institutional aspects. Third Order: Principles of Good Governance).- Meso level: "Cooperation" (Internally: Corporate Governance. Micro level: "Interaction" (Interactions in governance processes. Governance methods).

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