Political economy Books

Book SynopsisThe Condition of the Working-Class in England in 1844 by Frederick Engels is a powerful indictment of the Industrial Revolution's detrimental impact on workers. Engels meticulously demonstrates how industrial cities like Manchester and Liverpool experienced alarmingly high mortality rates due to diseases, with workers being four times more likely to succumb to illnesses like smallpox, measles, scarlet fever, and whooping cough compared to their rural counterparts. The overall death rate in these cities far surpassed the national average, painting a grim picture of the workers' plight. Engels goes beyond mortality statistics to shed light on the dire living conditions endured by industrial workers. He argues that their wages were lower than those of pre-industrial workers, and they were forced to inhabit unhealthy and unpleasant environments. Addressing a German audience, Engels' work is considered a classic account of the universal struggles faced by the industrial working class. It reveals his transformation into a radical thinker after witnessing the harsh realities in England. The Condition of the Working-Class in England in 1844 remains an essential resource for understanding the hardships endured by workers during the Industrial Revolution. Engels' meticulous research and impassioned arguments continue to shape discussions on labor rights, social inequality, and the historical agency of the working class.

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Book SynopsisThis book is for people who want to understand modern trade theory, particularly the Melitz model. It lays out Melitz theory from first principles and relates it to earlier theories of Armington and Krugman. For trade theory specialists, the book produces some significant conclusions. It identifies conditions under which Krugman and Melitz models produce essentially the same results for the welfare effects of trade liberalization as those obtained from Armington, and conditions under which this is not true. These findings will be of interest to academics and policy advisors who need to understand critiques of Armington by proponents of Krugman and Melitz.For computable general equilibrium (CGE) modelers, the book shows how Melitz-style CGE models can be calibrated, solved and interpreted. A major practical contribution of the book is to show how large-scale Armington models such as GTAP can be converted to Melitz by the addition of a small number of equations and minimal alteration of the original Armington model.The book describes computational experience in solving Melitz CGE models using GEMPACK software. This experience will be of interest to researchers currently attempting to solve Melitz-based CGE models. Almost all previous Melitz studies have used GAMS software. Authors of these studies have reported computational difficulties. These difficulties did not occur in this book’s GEMPACK-based computations. The book concludes that: (a) CGE modelers can embrace Melitz while retaining their Armington-based models as powerful interpretive devices; and (b) via GEMPACK, large-scale CGE models incorporating Melitz specifications can be solved with no more difficulty than similar-dimensioned Armington models. Table of ContentsChapter 1. Introduction: What’s in the Book and How to Read It.- Chapter 2. Armington, Krugman and Melitz as Special Cases of an Encompassing Model.- Chapter 3. Optimality in the Armington, Krugman and Melitz Models.- Chapter 4. Calibration and Parameter Estimation for a Melitz Sector in a CGE Model.- Chapter 5. Melitz equals Armington Plus Endogenous Productivity and Preferences.- Chapter 6. Illustrative GEMPACK Computations in a General Equilibrium Model with Melitz Sectors.- Chapter 7. Converting an Armington Model into a Melitz Model: Giving Melitz Sectors to GTAP.- Chapter 8. Summary and Concluding Remarks.

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Book SynopsisThis book takes a fresh look at Chinese political economy at a key inflection point. Facing a more competitive international environment, Chinese reform has shifted from its earlier focus on economic liberalization and political decentralization to a more tightly organized, centralized form of state socialism. The Party-state's vigorous fiscal reaction to the Global Financial Crisis (2008-2009) left the country with a much improved infrastructure and greater sense of national self-assurance. The more monocratic central leadership has redoubled efforts to fight poverty and pollution, push technological innovation, and at the same time rigorously enforce ideological consensus, political loyalty and anticorruption.This has been occurring in an international context of slowing trade and nationalist pushback against 'globalization', prominently including bilateral Chinese-American polarization. While China has been among the staunchest advocates and beneficiaries of globalization, incipient trade war 'decoupling' has spurred movement toward economic and technological self-reliance. Turning inward however vies with a rival impulse toward more vigorous engagement in the world. This is most consequentially represented by the Belt and Road Initiative, driving massive infrastructure construction through Central Asia and the South and Southeast Asian maritime periphery. Despite slowing growth and a large debt overhang, swift recovery from the Covid-19 epidemic leaves China in a relatively strong economic position.

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Book SynopsisIn an open world, the socialist political economy with Chinese characteristics features openness. If China expects to participate and play a leading role in the governance of global economy in economic globalization, it needs to adopt a common discourse to foster its economy to 'go global.' The common discourse can be obtained in a market economy as well as among developing countries eager to seek development. This book attempts to theorize the socialist political economy with Chinese characteristics by absorbing critically the well-established economic theories worldwide. The selective learning of western economics in terms of theories and categories is based on China's full confidence in the theory, path and system with the adherence to the core socialist values as a presupposition. The author argues that the socialist political economy with Chinese characteristics in the new era is a Marxist political economy in contemporary China. The book clearly states that the construction of its theoretical system should combine Marxist theories with China's practice, especially after the reform and opening-up; progress with the times and target the principal social contradiction in the new era; and address China's challenges in growing stronger, or in other words, modernization.This book is a valuable reading on the new development of the various schools of thoughts on China's political economy over the last few decades. It can be used as a textbook for college students, researchers, and practitioners in the fields of economics, China studies, politics and sociology.

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Book SynopsisSingapore is recognised to be one of the most successful economies in the world given its rapid economic and social transformation. Its success is the result of a judicious blend of markets and government, high-quality governance, and public policies that are coherent, consistent and coordinated.This book showcases the contribution of Economics to Singapore's public policymaking. To illustrate the diverse areas that economic analysis has contributed to, this book comprises three sections that span the economic and non-economic policy domains in Singapore. Section I covers economic policies relating to economic growth, trade, investments, productivity, innovation, industrial development, the enterprise landscape and manpower. Section II highlights socioeconomic and security policies, and covers themes such as income inequality and mobility, families, healthcare costs and crime. In Section III, the focus is on infrastructural policies relating to the environment, housing and land transport.This book commemorates the 20th anniversary of the Singapore Government's Economist Service. As the premier service for economists in the Singapore public sector, the Economist Service plays an integral role in supporting evidence-based policymaking through rigorous economic research and analysis of public policies.

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Book SynopsisImpact Assessment (IA) is introduced in this book, with a guide to the process, scope, content, and management of IA for the governments of developing economies. In doing so, evidence-based policy making is taken into full consideration. After the principles of IA are set forth, its procedures are described, illustrated by typical cases from the United States and Japan. Then an explanation follows of the components of IA such as necessity, alternatives, and assessment of cost and benefit, with a description of competition assessment. In developing economies, it is not effective to simply import a system from developed countries directly into developing countries, especially for economic regulation and in consideration of compliance and competition issues. Thus the book provides recommendations on how to appropriately modify developed countries’ systems for countries that are still developing. The book concludes by taking up several issues surrounding IA, especially nudge theory and public involvement.Table of ContentsChapter 1 Outline and Necessity of Impact Assessment (IA).- Chapter 2 Role of Evidence-Based Assessment in Democracy.- Chapter 3 Procedure of Impact Assessment (IA) and Concept of Institution Design for Conducting Impact Assessment (IA).- Chapter 4. IA Procedure and Organization in the U.S.- Chapter 5. Economists’ Role in IA in the United States and the United Kingdom.- Chapter 6. Economists’ Optimal Placement Within Relevant Organizations.- Chapter 7 Analysis and viewpoints in Impact Assessment (IA).- Chapter 8 Role of Causal Inference in IA.- Chapter 9 Competition Assessment in the UK, the US, Japan, and Pakistan.- Chapter 10 Competition Assessment in the US.- Chapter 11: How to Incorporate Behavioral Science and Using Nudges in Regulation and IA.- Chapter 12: COVID-19 Pandemic and Impact Assessment.- Chapter 13 Regulation for the Digital Era and IA for Smart Regulation.- Ch 14. Concluding Remark.

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Book SynopsisThe European Union could soon be a thing of the past. Xenophobia is rampant and commonly reflected in elections across the continent. Great Britain may hold a referendum on whether to abandon the union altogether. Spurred by anti-EU sentiments due to the euro crisis, national interests conflict with a shared vision for the future of Europe. Is it too late to preserve the union that generated unprecedented peace for more than half a century?This is no mere academic question with limited importance for America and the rest of the world. In the past decade, the EU has declined from a unified global power to a fractious confederation of states with staggering unemployment resentfully seeking relief from a reluctant Germany. If the EU collapses and the former member states are transformed again from partners into rivals, the US and the world will confront the serious economic and political consequences that follow.In a series of revealing interviews conducted by Dr. Gregor Peter Schmitz, George Soros -- a man of vast European experience whose personal past informs his present concerns -- offers trenchant commentary and concise, prescriptive advice: The euro crisis was not an inevitable consequence of integration, but a result of avoidable mistakes in politics, economics, and finance; and excessive faith in the self-regulating financial markets that Soros calls market fundamentalism inspired flawed institutional structures that call out for reform. Despite the considerable perils of this period, George Soros maintains his faith in the European Union as a model of open society. This book is a testament to his vision for a peaceful and productive Europe.Trade Review"The most honest and sensible book yet to tackle the euro crisis. Soros eschews the sanctimony and pseudoscience that frequently accompany commentary on the EU and gets right to the basic political conflicts and human foibles that underlie the union's problems."--Foreign Affairs "It is clear that his observations about the eurozone crisis and the structural flaws in the euro are largely correct... The book remains an interesting read and Soros does an excellent job of concisely highlighting the challenges facing the EU... The book remains an interesting read and Soros does an excellent job of concisely highlighting the challenges facing the EU."--Forbes.com "Soros's trenchant critique appears on the mark."--Financial Times

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Book SynopsisOver the last decade, blockchains and crypto have opened up a new terrain for political action. It is not surprising, however, that the crypto space has also become overrun by unscrupulous marketing, theft and scams. The problem is real, but it isn't a new one. Capitalism has ruined crypto, but that shouldn't be the end of it. Blockchain Radicals shows us how this has happened, and how to fix crypto in a way that is understandable for those who have never owned a cryptocurrency as well as those who are building their own decentralised applications. Covering everything from how Bitcoin saved WikiLeaks to decentralised finance, worker cooperatives, the environmental impact of Bitcoin and NFTs, and the crypto commons, it shows how these new tools can be used to challenge capitalism and build a better world for all of us. While crypto is often thought of as being synonymous with unbridled capitalism, Blockchain Radicals shows instead how the technology can and has been used for more radical purposes, beyond individual profit and towards collective autonomy.Trade Review"The guide to crypto for people who care about justice more than tech. Dávila does not treat blockchains as salvation or abomination, as most commentators have. Rather, he shows it is an opportunity, and a set of choices—a chance to build a radically freer world or a virtual enclosure. Here is a crypto-compass for anti-dystopians.""Taking the capitalism out of anarcho-capitalist technology in order to claim it for the left is no mean feat but Blockchain Radicals does this and more. A must-read for anyone hoping to extend their theoretical and practical reach in the era of hyper-financialization.”"A fascinating, provocative, and illuminating view on blockchains that makes a strong case for taking them seriously as a possible tool of liberation."“Stripped of ideological presuppositions, blockchain technologies offer both a spectacular technical exploration of value itself and some of the concrete tools we need to build a new world in the face of the looming capitalist crisis. If he was alive today, I am certain Marx himself would be eagerly reading this book."“Blockchain Radicals takes you through a part of the crypto space that is very different both from its libertarian beginnings and from the money and trading-obsessed world of three-million-dollar digital monkeys. An important complement to the existing narratives about the technology.”“Joshua Dávila lifts the veil on the actual workings of crypto, offering access to those working for social justice. The book bucks the lefty knee-jerk norm of crypto-aversion. This is important because dangerous power imbalances are addressed by social movements armed with the tools of the day, not by critics sitting on the sidelines tutting!”"Davila engages in a critical and nuanced examination of the ways in which blockchains can be used to create a more equitable and sustainable society, by challenging the extractive practices of traditional capitalism. Its insights are likely to become ever more relevant in the years to come.”“A call for the left to claim the liberatory potential of crypto instead of ceding the field to tech-determinist libertarians. By weaving nuanced analysis with a hopeful vision for blockchains as a force for progressive change, Dávila not only inspires his readers but also opens portals for them to join the struggle and become rebels for justice.”“Revolutionary movements that succeed make use of emergent technologies. As the megamachine complex rears its head, crypto provides a safehaven refuge for the cyber-guerilla. This book is the entrance into crypto for political radicals.”

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Book SynopsisThe greatest dilemma our planet faces is the tradeoff between poverty alleviation, inequality reduction, and climate change. In Unsustainable Inequalities, economist Lucas Chancel confronts how to share prosperity without furthering environmental harm, arguing for policies that would direct the benefits of environmental protection to the poor.Trade ReviewRising inequality and global warming are the most pressing issues of our time. Written by one of world's leading experts on global inequality trends and sustainable development, this book demonstrates that they can and should be addressed together, and offers refreshing perspectives on how to do so. A must-read. -- Thomas Piketty, author of Capital and IdeologyIn this concise and precise book Chancel offers an indispensable metric to reveal the class conflicts that cut across the simplistic divide between ecology and social justice, reconciling those afraid of the ‘end of the world’ and those trying to ‘make ends meet.’ -- Bruno Latour, author of Facing Gaia[Chancel] analyses the links between environmental and economic inequality. His conclusion is that we cannot solve one without addressing the other. An original perspective on two of our most significant contemporary challenges. -- Martin Wolf * Financial Times *Well-structured, fluent, and sharp, Unsustainable Inequalities is a work of global relevance and paramount importance, even more so as inequalities as we have them make it impossible to confront the worsening climate crisis. -- Claude Henry, Sciences Po, ParisSobering but essential…[Chancel] identifies social inequality as a core driver of environmental unsustainability that leads to a vicious circle wherein the rich consume more and the poor lose access to environmental resources and become increasingly vulnerable to environmental shocks. -- Gillian Bowser * Science *This book has unpacked the intricate relationship between social injustice and environmental harm and argues for delinking the complex nexus they form with economic inequality…A highly relevant and thought-provoking read during the COVID-19 pandemic when millions are affected socially and economically by lockdowns and restrictions. -- Gayathri D. Naik * LSE Review of Books *Lucas Chancel reflects on the complex articulation of the environmental and the socioeconomic spheres… [The book] opens up avenues toward a more desirable and livable future. * Le Monde *[Chancel] relentlessly sheds light on the failure of liberal policies. * Politis *

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Book SynopsisDeftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today's world economy and its dilemmas, and offers a visionary framework at a critical time when it is most needed.Trade Review"One of Financial Times (FT.com) Best Books of 2017: Economics""One of Bloomberg’s Best Books of 2017""One of Project Syndicate’s Best Reads in 2017 (chosen by Kermal Dervi )""Winner of the 2019 George S. Eccles Prize for Excellence in Economic Writing, Columbia Business School"

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Book SynopsisTrade Review"A Choice Outstanding Academic Title of the Year""Winner of the Gyorgy Ranki Prize, Economic History Association"

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Book SynopsisTrade Review"Winner of the Silver Medal in Business Theory, Axiom Business Book Awards""The real argument of the book comes in the second half, namely that a set of radical but feasible policies holds the solution to inequality. And, if they were implemented, Sandbu eloquently argues, more globalisation would benefit all and defang populist polarisation."---Diane Coyle, Financial Times"[A] brilliant, if sometimes controversial, exposition of what ails our economies and political systems."---Chris Johns, Irish Times"The Economics of Belonging is a competent, confidently articulated survey of the academic economics literature on inequality."---Paul Collier, Prospect"This is a crisply written analysis of economic discontents and their political consequences. Though written in the pre-pandemic era, the conclusions and prescriptions of this book are very relevant to our current debates."---Paschal Donohoe, Irish Times"A wealth of analysis and insight [in] a few hundred pages."---Peter Thal Larsen, Reuters Breakingviews"Sophisticated and engaging. . . . Thorough and compelling."---Paolo Mauro, Finance & Development"The Economics of Belonging is an important contribution to the debate about the ‘left-behind’. Sandbu offers a highly readable and carefully argued narrative, which marshals evidence adroitly and proposes a range of policy prescriptions, many of which are persuasive and deserve serious attention."---John Tomaney, LSE Review of Books"One of Sandbu’s great strengths is his ability to combine analysis of microeconomic welfare policy with macroeconomic and financial policy. . . . An important achievement of this book is to show that many measures both reduce inequality and improve productivity and growth."---Paul Segal, Journal of Economic Inequality

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Book SynopsisA provocative economic analysis which reconceptualises the nation state as a vehicle for progressive change.Trade Review'Prepare to be blown away and forget what you think you knew about money' -- Independent'This is an excellent book. Anyone who wants to understand why social democratic parties are in crisis across Europe should read it.' -- Larry Elliott'Important... An essential building-block for a constructive debate on a post-Brexit democratic politics' -- Wolfgang Streeck, Max Planck Institute for the Study of Societies, Cologne'Fascinating' -- Heiner Flassbeck, Heiner Flassbeck, former German Vice-minister for Finance'Essential reading for anyone who wants to understand the Corbyn phenomenon in the UK' -- Eurointelligence'Mitchell and Fazi convincingly show that the state continues to be at this critical point of history an unavoidable bottleneck... which ought to be reclaimed and subverted if we are to transform societies to the benefit of the peoples' -- Sergi Cutillas, Economist and Researcher'Will surely come to be seen as one of the more important social science works of our time' -- Anthony Coughlan, Village'Provides an excellent study of post-war economic history and a perceptive analysis of the options available for the future' -- CounterfireTable of ContentsAcknowledgements Introduction: Make the Left Great Again Part I: The Great Transformation Redux: From Keynesianism to Neoliberalism – and Beyond 1. Broken Paradise: A Critical Assessment of the Keynesian ‘Full Employment’ Era 2. Destined to Fail: Understanding the Crisis of Keynesianism and the Rise of Neoliberalism 3. That Option No Longer Exists: How Britain, and the British Labour Party, Fell into the Monetarist Trap 4. The Paris Consensus: The French Left and the Creation of Neoliberal Europe 5. The State Never Went Away: Neoliberalism as a State-driven Project 6. Après Elle, le Déluge: Are We Entering a Post-Neoliberal Age? Part II: A Progressive Strategy for the Twenty-First Century 7. Towards a Progressive Vision of Sovereignty 8. A Government is Not Like a Household: An Introduction to Modern Monetary Theory 9. I Have a Job for You: Why a Job Guarantee is Better than a Basic Income 10. We Have a (Central) Plan: The Case of Renationalisation Conclusion: Back to the State Notes Index

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Book SynopsisCurrent migration policy is based on a seemingly neutral accounting exercise, in which migrants contribute less in tax than they receive in welfare assistance. A “fact” that justifies increasingly restrictive asylum policies. Peo Hansen shows that this consensual cost-perspective on migration is built on a flawed economic conception of the orthodox “sound finance” doctrine prevalent in migration research and policy. By examining migration through the macroeconomic lens offered by modern monetary theory, Hansen is able to demonstrate sound finance’s detrimental impact on migration policy and research, including its role in stoking the toxic debate on migration in the European Union. More importantly, Hansen’s undertaking offers the tools with which both migration research and migration policy could be modernized and put on a realistic footing.Trade ReviewA timely book on the supposed trade-off between migration and the sustainability of the welfare state. Hansen’s skilful debunking of the 'sound finance' view demonstrates that there is no 'fiscal burden' when it comes to migration. Migrants are an essential part of the workforce and contribute to the economy. Hansen successfully rewires our thinking about migration and the economy. I highly recommend this superb book. -- Dirk Ehnts, Institute for International Political Economy, BerlinPeo Hansen’s superb new book dismantles the dominant idea in political circles that there is a trade-off between migration and the sustainability of the welfare state. Using the insights of modern monetary theory, this politically urgent book reveals the xenophobic reality hidden beneath discourses of sound finance and claims of fragile solidarity. Hansen’s deeply humane and pragmatic account of the issues has the potential to transform our understandings of migration and open up the space for different political possibilities. This book should be on the desk of every journalist, politician and policy-maker in the European Union and beyond. -- Gurminder Bhambra, University of SussexIn this important intervention, Peo Hansen explodes the treacherous and false opposition between moral and fiscal imperatives that dominates contemporary discourse around asylum and migration in Europe. He deftly interrogates the dubious but pervasive assumptions about the purported 'costs' of admitting refugees that serve to construct them as an economic burden, and elaborates a sophisticated alternative theory that repudiates the pernicious myth that migration is damaging to economic wellbeing. This book is essential reading. -- Nicholas De Genova, University of Houston, TexasTable of Contents1. Migration: "mother of all problems" 2. The fiscal impact of migration 3. A modern migration theory 4. Demography, security and the shifting conjunctures of the EU’s external labour migration policy 5. Labour migration in a sound finance policy logic 6. Why EU asylum policy cannot afford to pay demographic dividends 7. "We need these people": refugee spending, fiscal impact and refugees' real bearing on Sweden’s society and economy 8. Conclusion

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Book SynopsisA study of the political nature and dynamics of Hezbollah in relation to the socio-economic and political context in Lebanon and in the wider regionTrade Review'Most appraisals of Hezbollah from a left-wing perspective have focused, often solely, on its role in the fight against the Israeli occupation of Lebanon, thus serving the party's own mythology. The merit of this iconoclastic book is that it endeavours to analyse Hezbollah from a historical materialist perspective' -- Gilbert Achcar, SOAS, University of London'An insightful and timely analysis of Hezbollah, situating the party within a fascinating account of the wider Lebanese political economy. An important contribution' -- Adam Hanieh, SOAS, University of London'Timely...[a] well-rounded and incisive discussion of the organisation's place in the contemporary global order' -- Muftah'Both an excellent introduction and fine analysis of Hezbollah as a political entity in Lebanon as well as a social movement ... Highly recommended' -- CHOICE'[An] excellent book ... [This] book is a must-read for those seeking to understand Middle Eastern politics. It provides much needed detail and historical context for understanding the rise of one of the most important political parties in the region' -- Marxist Left Review'Essential reading for anyone interested in gaining a more complete understanding of Hezbollah, or present day Lebanese politics' -- Perspectives on TerrorismTable of ContentsList of Tables Acknowledgements Introduction 1. Sectarianism and the Lebanese Political Economy: Hezbollah’s Origins 2. Hezbollah and the Political Economy of Lebanese Neoliberalism 3. Lebanese Class Structure under Neoliberalism 4. Hezbollah and Shi’a Civil Society 5. Hezbollah and the Lebanese Labor Movement 6. Hezbollah’s Military Apparatus 7. Hezbollah and Revolutionary Processes in the Middle East and North Africa Since 2011 Conclusion Appendix: Shi’a Fraction of the Bourgeoisie Notes References Index

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Book SynopsisThis textbook presents an innovative new perspective on the economics of development, including insights from a broad range of disciplines. It starts with the current state of affairs, a discussion of data availability, reliability, and analysis, and an historic overview of the deep influence of fundamental factors on human prosperity. Next, it focuses on the role of human interaction in terms of trade, capital, and knowledge flows, as well as the associated implications for institutions, contracts, and finance. The book also highlights differences in the development paths of emerging countries in order to provide a better understanding of the concepts of development and the Millennium Development Goals. Insights from other disciplines are used help to understand human development with regard to other issues, such as inequalities, health, demography, education, and poverty. The book concludes by emphasizing the importance of connections, location, and human interaction in determining fTrade Review'This is a masterful textbook on development. It extensively discusses the root causes of development, and more recent topics such as randomized controlled trials. The book stands out by also providing a rich discussion of 'international' issues relevant for development, such as globalization, international trade, migration, and international financial flows.' Robert Lensink, University of Groningen'A splendid new textbook by van Marrewijk and Brakman! Their lucid exposition is wide ranging, deeply informed and up to date. The student will acquire a broad knowledge of developing and emerging economies and, more importantly, understand the data, theories, and methods that inform the authors' insights.' Donald Davis, Columbia University'This excellent new textbook on development economics is up to date in its coverage of research - history, data, and theories. It explains difficult concepts simply and clearly. The visual presentation - figures, charts, and use of color - is outstanding. It is balanced and thoughtful in its assessment of the issues and policies. A treasure for students and teachers alike.' Avinash Dixit, Princeton UniversityTable of ContentsPart I. Introduction and Deep Roots: 1. Economic Development Today; 2. Data and Methods; 3. Uneven Playing Field; 4. Geo-Human Interaction; Part II. Human Interaction: 5. Globalization and Development; 6. International Trade; 7. Economic Growth; 8. Institutions and Contracts; 9. Money and Finance; Part III. Human Development: 10. Poverty, Inequality, and Gender; 11. Poor Economics; 12. Population and Migration; 13. Education; 14. Health; Part IV. Connections and Interactions: 15. Agriculture and Development; 16. Urbanization and Agglomeration; 17. Geographical Economics and Development; 18. Heterogeneous and Multinational Firms; 19. Sustainability and Development.

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Book SynopsisTrade Review"Finalist for the 2019 Hayek Prize, The Manhattan Institute""Economic historian Jerry Muller delivers a riposte to bean counters everywhere with this trenchant study of our fixation with performance metrics."---Barbara Kiser, Nature"To his credit, Muller isn’t interested only in documenting the ways in which the metric fixation produces unintended consequences. Beyond that, he wants, first, to work out what causes this high level of dysfunction, and second, to identify ways in which metrics might be used more productively."---Stefan Collini, London Review of Books"For every quantification, there's a way of gaming it. So argues this timely manifesto against measured accountability." * Kirkus Reviews *"Many of us have the vague sense that metrics are leading us astray, stripping away context, devaluing subtle human judgement, and rewarding those who know how to play the system. Muller’s book crisply explains where this fashion came from, why it can be so counterproductive and why we don’t learn. It should be required reading for any manager on the verge of making the Vietnam body count mistake all over again."---Tim Harford, Financial Times"A short and highly readable account of the way such management systems are undermining important institutions, such as universities, schools, policing, charities and even companies."---Luke Johnson, Sunday Times"As Muller says ‘anything that can be measured and rewarded will be gamed.’ Too many people appear oblivious to this basic fact of life. A close reading of Muller’s excellent, if somewhat brief, introduction to the pitfalls of quantitative measurement should set them right."---Edward Chancellor, Breakingviews"There is also ample evidence, expertly summarised in Jerry Muller’s recent book, The Tyranny of Metrics, that metrics can be counter-productive." * The Economist *"Muller . . . says that an over-reliance on metrics can lead us to disproportionately value the things that are easiest to measure. These and the many other criticisms of metric fixation the author offers are well argued and will feel all too familiar to teachers and school leaders alike. Shortly after I agreed to review this title, Ofsted’s chief inspector . . . gave a speech explaining how she had recently read the book and how it was influencing her own thinking. Having now had the chance to read it myself, I think we should take this as a positive sign. My hope is that others involved in school accountability, including politicians, have the chance to consider its core message."---James Bowen, Times Education Supplement"A timely and important critique of the pervasive tendency to define success in terms of quantifying human performance, accountability and transparency, a trend that has invaded every profession." * Paradigm Explorer *"Jerry Muller’s The Tyranny of Metrics mercilessly exposes the downside of the cult of measurement and managerialism." * The Economist *"Muller’s book remains an interesting one: short, unpretentious, scholarly, and full of insights. And it provokes the reader into asking further questions."---Pierre Lemieux, Regulation"I cannot stress enough how important this book is for all organization studies scholars. If anything, I see it as an act of resistance to the plethora of publications that ‘count’ but are completely uninteresting, unimportant, and unread."---Alexia Panayiotou, Organization"Jerry Z. Muller’s thought-provoking The Tyranny of Metrics raises old post-positivist arguments on the limits of quantitative knowledge by using new theoretical leverages and applying them to original case studies."---Simone Raudino, European Legacy

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Book SynopsisTrade ReviewCrisply written, compellingly argued, authoritative . . . [University Technology Transfer] provides extremely useful information to anyone who is involved in creating or developing a TT office . . . It should be required reading for all presidents, vice-chancellors and senior managers of universities that have a TT office and are tempted to interfere in its activities.—Mark Anderson, IP DraughtsTable of ContentsIntroduction1. Question Time2. Coming Out3. How It Works4. Why It Is Difficult5. Structures6. Going to Market7. Mind the Gap8. Innovation Community9. Give and Take10. Currencies and Metrics11. Impact12. Whatever NextAfterwordAcknowledgmentsNotesIndex

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Book SynopsisNOW IN PAPERBACK The book the American Prospect calls “an essential resource for future reformers on how not to govern,” by America’s leading defender of the public interest and a bestselling historian “An essential read for those who want to fight the assault on public goods and the commons.” —Naomi Klein A sweeping exposé of the ways in which private interests strip public goods of their power and diminish democracy, the hardcover edition of The Privatization of Everything elicited a wide spectrum of praise: Kirkus Reviews hailed it as “a strong, economics-based argument for restoring the boundaries between public goods and private gains,” Literary Hub featured the book on a Best Nonfiction list, calling it “a far-reaching, comprehensible, and necessary book,” and Publishers Weekly dubbed it a “persuasive takedown of the idea that the private sector knows best.” From Diane Ravitch (“an important new book about the dangers of privatization”) to Heather McGhee (“a well-researched call to action”), the rave reviews mirror the expansive nature of the book itself, covering the impact of privatization on every aspect of our lives, from water and trash collection to the justice system and the military. Cohen and Mikaelian also demonstrate how citizens can—and are—wresting back what is ours: A Montana city took back its water infrastructure after finding that they could do it better and cheaper. Colorado towns fought back well-funded campaigns to preserve telecom monopolies and hamstring public broadband. A motivated lawyer fought all the way to the Supreme Court after the state of Georgia erected privatized paywalls around its legal code. “Enlightening and sobering” (Rosanne Cash), The Privatization of Everything connects the dots across a wide range of issues and offers what Cash calls “a progressive voice with a firm eye on justice [that] can carefully parse out complex issues for those of us who take pride in citizenship.”Trade ReviewPraise for The Privatization of Everything:“Deserves a wide readership, and would be an informative and appropriate addition to courses in urban politics and public administration, but also potentially courses on democratic theory, American politics, and contemporary political economy. ”—Journal of Urban Affairs“Cohen and Mikaelian have written a seminal book on how government went wrong in the age of Reagan—an essential resource for future reformers on how not to govern.”—The American Prospect“Privatization has become disturbingly widespread, as Donald Cohen and Allen Mikaelian show in their new book, The Privatization of Everything, seeping into every aspect of our society, from our schools, to our food inspection, to weather forecasting, to even the administration of our public welfare systems.”—The New Republic“A strong, economics-based argument for restoring the boundaries between public goods and private gains.”—Kirkus Reviews “[An] impassioned and well-informed cri de coeur that the decades-long trend of privatizing public services in the U.S. has been a disaster for the average citizen.”—Publishers Weekly "The Privatization of Everything is not just an invaluable critique of corporate America’s fifty-year campaign to turn public goods into private profit centers—it also includes reproducible examples of successful anti-privatization fights.”—Labor Notes “The book demonstrates why racial justice is a foundational principle for our democracy and how the racialized dismantling of the public is an attack on our core values as a nation. Racial justice and democracy are inextricably intertwined, and we cannot have one without the other. Both require robust public institutions driven by our values. The authors provide compelling, detailed and unassailable history and case studies on how privatization impoverishes our government and divides our people from each other. It is a powerful call to end these practices and build our public institutions through an equitable vision. We would be wise to heed that call.”—Glenn Harris, president, Race Forward“From water systems to private prisons, charter schools to exclusive patents on life-saving drugs, Cohen and Mikaelian describe an astonishing array of privatization scams and schemes and, helpfully, where some communities are successfully resisting.”—Annie Leonard, executive director, Greenpeace USA, and author of The Story of Stuff “Brilliantly distills and illustrates the critically important idea that our public goods should be controlled by the American people.”—Nancy MacLean, author of Democracy in Chains “Connects the dots between privatization and our current political crisis, showing how it has been enabled by and fed racism and the deterioration of our democratic culture. A must-read for policymakers and activists who want to rebuild government and democracy.”—Deepak Bhargava, distinguished lecturer, CUNY School of Labor and Urban Studies, and former director, Center for Community Change “A well-researched call to action that reveals with crystal clarity the stakes of the stealth project to destroy the commons.”—Heather McGhee, author of The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together “A compelling and poignant case for why our public goods deserve to be in the hands of the public and how privatization exploits our most vulnerable while exacerbating social, political, health, and economic barriers to equality.”—Rosa DeLauro, congresswoman and author of The Least Among Us “Brings us up to speed on one of the most important shifts in our political economy in a generation. And somehow makes it a fun read!”—George Geohl, director, People’s Action “Exposes with incredible detail and acuity the market-driven, anti-government ideology that now pervades every corner of our society, and offers a rousing defense of public goods as essential to our collective well-being.”—Astra Taylor, author of Democracy May Not Exist, but We’ll Miss It When It’s Gone “The issue of privatization is one of the subtlest, most insidious bait-and-switch schemes of the last century. It happened gradually but relentlessly, and so it is the hardest kind of problem to address. The Privatization of Everything tells us how. Every American should read this book.”—Abigail Disney, activist and filmmaker “A dozen years ago, after years of organizing against and research about privatization as it spread across all sectors, we concluded that ‘Damn! They really do want it all.’ The Privatization of Everything skillfully documents the extent to which this is even more true today, and how we can fight to take back what’s rightfully ours.”—Si Kahn and Elizabeth Minnich, authors of The Fox in the Henhouse: How Privatization Threatens Democracy “A passionate defense of the idea of public goods and a detailed account of the myriad problems that are caused by turning them over to private corporations. Exploring the gritty, compromised way that privatization actually works cuts through ideological celebrations of the market’s glories and offers a political language with which to defend the public sector.”—Kim Phillips-Fein, author of Invisible Hands: The Businessmen’s Crusade Against the New Deal“Pulls the lid off one of the longest cons in American history—the wholesale privatization of public goods, which enriches the wealthy and corporations while immiserating everyone else. For the last four decades we’ve been scammed into selling our infrastructure, our public health, and even our drinking water to for-profit businesses. This book cogently explains how we can stop the scammers and retake the public sector, creating a more prosperous future for everyone.”—Nick Hanauer, entrepreneur and author of It’s Never Our Fault (And Other Shameless Excuses)“The Privatization of Everything reveals how the private sector has taken over public functions—from providing clean water to forecasting the weather—long performed better and less expensively by government agencies, and how taking back public control will make us a better, healthier country.”—David Michaels, former administrator of OSHA and author of The Triumph of Doubt: Dark Money and the Science of Deception “Pulls back the curtain on the multi-decade effort by profiteers to privatize and monetize America’s public goods at the expense of the American people. This book is a must-read for anyone who values the importance of our public schools, libraries, transit and health systems and a clean and healthy environment in creating vibrant communities and a strong democracy. Public goods are indeed for the common good and it’s vital we turn the tide on the privatization agenda that has only succeeded in draining our communities and making the rich richer and Donald Cohen and Allen Mikaelian give us the road map to do just that.”—Randi Weingarten, president, American Federation of Teachers “Enlightening and sobering. It is a relief to have a progressive voice with a firm eye on justice who can carefully parse out complex issues for those of us who take pride in citizenship, and have a deep interest in policy.”—Rosanne Cash “In the face of pandemic and catastrophic climate change, our atomized, privatized society does not and cannot provide for our well-being. The Privatization of Everything explains how we arrived at this critical juncture and where we must go from here. This fascinating, lively book reveals how, over decades, the American public’s power over essential goods, including everything from water and roads to education and health care, has been transferred into the hands of corporate entities that, by definition, seek private profit over the public interest. It is a clarion call to reclaim our citizenship and rebuild the public sphere.”—Vanessa Williamson, senior fellow, Brookings Institution, and author of Read My Lips: Why Americans Are Proud to Pay Taxes “The Privatization of Everything warns of the dangers of leaving our collective future and well-being in the hands of private market interest alone. We lose sight of our interdependence and create barriers to the care and support we all need. The book’s clarion call for a movement for the public good is just what we need to build a caring economy and society, rooted in the complexities of humanity.”—Ai-jen Poo, executive director, National Domestic Workers Alliance “An important and groundbreaking book, detailing the decades-long campaign/grift to turn public goods and services into private profit-centers. Instead of saving the taxpayer’s money, the scheme enriched private business at the expense of both our pocketbooks and civic life. We’ve been had and Donald Cohen and Allen Mikaelian show us exactly how the scheme worked—and what we as Americans can do to fight back.”—Helaine Olen, author of Pound Foolish “In The Privatization of Everything, Donald Cohen and Allen Mikaelian expose how right-wing ideology and class profit-seeking masquerading as social science undermined our national interests and values over many decades. Cohen and Mikaelian reframe the concepts of democracy, freedom, competition, and efficiency in this timely and essential book.”—Thea Mei Lee, deputy undersecretary for International Labor Affairs and former president of the Economic Policy Institute “Nearly fifty years ago, large corporations and their Wall Street backers adopted a two-pronged strategy to seize power: they would use monopolization to concentrate control over our markets and privatization to assume the authority of government itself. This smart and engaging book moves far beyond the conventional debates about privatization. Filled with shocking stories of the cooptation of democracy by corporate interests, it shows that what’s at stake is nothing short of our liberty as a free and self-governing people.”—Stacy Mitchell, co-director, Institute for Local Self-Reliance “Essential reading for understanding big business’s movement to privatize public goods and how we can fight back and create an economy that works for all.”—Dorian Warren, president, Community Change

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Book SynopsisTrade Review“When Wall Street, world governments, and radical activists join forces in the name of ‘saving the planet,’ there can only be one goal: they get richer, while everyone else gets poorer. You Will Own Nothing is a well-researched and well-written wakeup call to everyone who wants to make sure that this does not happen.” — MICHAEL SHELLENBERGER, founder and president of Environmental Progress and bestselling author of San Fransicko and Apocalypse Never “If you don’t want to lose everything, own nothing, and live on a diet of bugs, then buy Carol Roth’s You Will Own Nothing—your battle plan for surviving the war with the new financial world order.” — DANA LOESCH, host of the nationally syndicated Dana Show and bestselling author “When it comes to who really rules the world and what kind of future they are shaping for the rest of us, so many things whispered and dismissed over the years have come into clear and undeniable focus. It’s not enough to know what’s happening and simply complain. Carol has laid out a plan for how to fight back and win.” — CHARLES PAYNE, CEO of Wall Street Strategies and television anchor

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Book SynopsisA challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to failTrade Review“In The Illusion of Control, [Daníelsson] argues that putting central banks in charge of financial stability is an error because they face ‘a complex, ill-defined policy domain for which there is no clear consensus on either the problem or the objective.’ So, the enterprise is doomed to fail. Separate agencies, with more direct political accountability, are needed for that task.”—Sir Howard Davies, The Guardian“In this thought-provoking book, Jón Daníelsson, professor of finance at the London School of Economics, offers five recommendations. First, ‘the real danger is endogenous risk,’ that is, the risks the system itself creates. Second, models of risk will always miss what matters. Third, remember the objectives of regulation. Fourth, think globally, not locally. Finally, encourage a diverse financial system, not a monoculture.”—Martin Wolf, Financial Times, “Best Books of 2022: Economics”“Daníelsson dives into why financial crises happen. His explanations also lay waste to conventional thinking.”—Mike Berner, The Tycoonist“Jón Daníelsson provides a fascinating synthesis of systemic financial crises, based on theoretical and empirical research.”—George Inderst, IPE“Too little financial regulation or too much of the wrong kind? Whatever your view, Jón Daníelsson’s lively account and richly informed discussion will surely intrigue you and challenge preconceptions.”—Patrick Honohan, former governor, Central Bank of Ireland“Financial regulators should be required to read this book. It shows in sparkling and non-technical language what aspects of risk can, and frequently cannot, be measured. Anyone concerned with portfolio management should read it.”—Charles Goodhart, London School of Economics“Jón Daníelsson makes a compelling case for a fundamental re-think in the approach to risk management taken by both financial services firms and their regulators. Those charged with the management, governance and regulation of risk—either at the level of an entity or an economy—should benefit enormously from Jón ’s alternative framework.”—Lutfey Siddiqi, Risk Management Institute, National University of Singapore“Is international cooperation on regulatory standards stifling good risk taking, leading to bad risk taking? Refreshingly critical, The Illusion of Control is an important contribution to the ongoing mapping of financial risk.”—Yves Mersch, former ECB board member and vice-chair, Single Supervisory Mechanism

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

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Book Synopsis

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Book Synopsis

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Book SynopsisFrom the international bestselling author of The Post-American World ''An intelligent, learned and judicious guide for a world already in the making'' The New York TimesSince the end of the Cold War, the world has been shaken to its core three times. 11 September 2001, the financial collapse of 2008 and - most of all - Covid-19. Each was an asymmetric threat, set in motion by something seemingly small, and different from anything the world had experienced before. Lenin is supposed to have said, ''There are decades when nothing happens and weeks when decades happen.'' This is one of those times when history has sped up.In this urgent and timely book, Fareed Zakaria, one of the ''top ten global thinkers of the last decade'' (Foreign Policy), foresees the nature of a post-pandemic world: the political, social, technological and economic consequences that may take years to unfold. In ten surprising, hopeful ''lessons'', he writes about the acceleration of natural and biological risks, the obsolescence of the old political categories of right and left, the rise of ''digital life'', the future of globalization and an emerging world order split between the United States and China. He invites us to think about how we are truly social animals with community embedded in our nature, and, above all, the degree to which nothing is written - the future is truly in our own hands.Ten Lessons for a Post-Pandemic World speaks to past, present and future, and will become an enduring reflection on life in the early twenty-first century.Trade ReviewIt is an intelligent, learned and judicious guide for a world already in the making. -- Josef Joffe * New York Times *

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Book SynopsisAs chairman of the Federal Reserve (1979-1987), Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents.Told with wit, humour, and down-to-earth erudition, the narrative of Volcker's career illuminates the changes that have taken place in American life, government, and the economy since World War II. He vibrantly illustrates the crises he managed alongside the world's leading politicians, central bankers, and financiers. Yet he first found his model for competent and ethical governance in his father, the town manager of Teaneck, NJ, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, sound finance, and good government.

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Book SynopsisDavid Kennedy and Martti Koskenniemi, two leading critics of law’s role in global life, join together to explore the origins and destiny of efforts to build law into the fabric of global life. Erudite, open-minded, and at times personal, Of Law and the World is a poignant conversation about humanity’s struggle to live together.Trade ReviewOver the last four decades, David Kennedy and Martti Koskenniemi have occupied a unique space that was, simultaneously, at the top of the international law world and on its cutting edge. This book offers an enthralling tour of the intellectual and professional world they inhabited and sought to disrupt. A front-row seat to a fireside chat about how to plot critique. -- Vasuki Nesiah, New York UniversityIn their engrossing exchanges about the deepest problems in their field, David Kennedy and Martti Koskenniemi continue to exemplify international legal theory in the least pretentious and most productive sense. Though entitled to review their accomplishments, they realize they are just at the start of making sense of what international law is and what it does—and generously take the reader with them on a journey that matters to everyone. -- Samuel Moyn, Yale UniversityRich and revealing dialogues between two grand figures of North Atlantic international legal scholarship who have been friends and colleagues for almost four decades. Kennedy and Koskenniemi illuminate their separate trajectories, common projects, and intellectual and personal influences. Their lively conversations are also disarming as a chronicle of a critical generation in international law. -- Hilary Charlesworth, Melbourne Law SchoolAn exhilarating gaze across the world—uniquely insightful, challenging, and provocative. -- Philippe Sands, University College LondonThe conversation you’ve always hoped to overhear. Of Law and the World offers the followers and critics of Martti Koskenniemi and David Kennedy, two of the most influential international legal scholars of our time, the rare experience of being a fly on the wall of their virtual living room. -- Doreen Lustig, Tel Aviv UniversityThis is revelatory stuff, chock-full of insight, inspiration, humanity, and rage. -- Susan Marks, London School of Economics and Political Science

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Book SynopsisIn this fully revised fourth edition, this book treats globalization from several vantage points, showing how these help grasp the nature of globalization both in the past and today.The revisions include greater attention to the complications of racism (after 1500) and nationalism (after 1850); further analysis of reactions against globalization after World War I and in the 21st century; more discussion of student exchanges; and fuller treatment of developments since 2008, including the role of the Covid-19 pandemic in contemporary globalization.Four major chronological phases are explored: in the centuries after 1000 CE, after 1500, after 1850, and since the mid-20th century. Discussion of each phase includes relevant debates over the nature and extent of the innovations involved, particularly in terms of transportation/communications technologies and trade patterns. The phase approach also facilitates analysis of the range of interactions enmeshed in globalization, bTable of ContentsPart I: Context 1. Globalization and the Challenge to Historical Analysis 2. Emerging Patterns of Contact, 1200 BCE–1000 CE: A Preparatory Phrase Part II: Early Globalization, 1000–1450 CE 3. The Birth of Globalization? 4. Transition: The Mongol Period Part III: Protoglobalization 5. The Main Features of Protoglobalization, 1500–1750 6. A Late-18th-Century Transition Part IV: Modern Globalization, 1850–1945 7. The 1850s as Turning Point: The Birth of Modern Globalization 8. The Great Retreat, 1914–1945, and a New Transition Part V: Contemporary Globalization: The Most Recent Phase and Its Backlash 9. Contemporary Globalization since the 1940s: A New Global History? 10. A New Retreat? The Signs of Disruption in the 21st Century 11. Conclusion: The Historical Perspective

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Book SynopsisTrade ReviewLiving Together contains an impressive amount of good sense in a relatively short and highly readable text. Every philosophical "sketch" should be so successful. * Christopher Tollefsen, University of South Carolina *Recommended. Upper-division undergraduates through faculty. * Choice *Table of ContentsAcknowledgements Preface Introduction 1. The Rise and Fall of Moral Science 1.1. Philosophy Lost 1.2. The Is-Ought Problem 1.3. Justice As Traffic Management 1.4. What Is a Theory? 2. After Solipsism 2.1. Strategic Consequentialism 2.2. After Shallow Pond 2.3. What Works 2.4. Strategic Deontology 3. Toward a Realistic Idealism 3.1. Ideal Theory: What It Was 3.2. Justice Is Not a Peak 3.3. Compliance Is Not a Detail 3.4. High Standards 4. Political Economy & Moral Science 4.1. The Moral Science of Adam Smith 4.2. The Political Economy of Corruption 5. Political Economy & Moral Science II 5.1. Political Economy & the Rule of Law 5.2. Cost-Benefit Analysis as Moral Science 6. Inventing the Self 6.1. The Reconciliation Project 6.2. Rational Choice Theory's Silence About Ends 6.3. Reasons for Reasons 6.4. Navigating the Terrain of Reasons 7. The Possibility of Civilization 7.1. Ecological Justice 7.2. A Brief History of the Human Condition 7.3. Ideals as Specializations References Index

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Book SynopsisCharles Maier offers a new narrative of the long twentieth century, focused on institutions that shaped politics and societies: project-states, driven by democratic or authoritarian ideologies; capital; and advocates of apolitical values, such as health, human rights, and international law. In this we discern the unfolding of our own troubled time.Trade ReviewMaier offers an alternative account of the last century, looking at how a wide range of actors tried to harness industrial modernity in the pursuit of power and material interests…[He] weaves a narrative about the explosive interplay of economic privilege and political grievance. -- G. John Ikenberry * Foreign Affairs *Ambitious…It is Maier’s open worry about the fragility of our democratic order and about the considerable strength of the antidemocratic impulses in this third decade of the 21st century that makes The Project-State and Its Rivals a book that will last. -- Paul Kennedy * Wall Street Journal *Extraordinarily erudite and brimming with insight…[Maier] leaves open the question of whether the project-state will escape the dustbin of history and be revivified and redeployed, democratically, for the common good. -- Jonathan Ira Levy * Project Syndicate *Through his decades of scholarship and teaching on both sides of the Atlantic, Charles S. Maier has focused on one basic question, formulating and refining his answers with each successive book and monograph. His goal has been to understand and explain the ways in which advanced capitalist states evolved over the past century in response to world war, colonial war, cold war and economic globalisation. This…fascinating book provides a summation and updating of Maier’s lifelong work. -- David C. Unger * Survival *A very refreshing take on a history I thought I knew well. -- J. Bradford Delong * Harvard Magazine *[The] story of the exhaustion of the postwar political-economic order has now been told many times; what sets Maier’s account apart is the way he weaves together the work of capitalist activists and their allies in politics and think tanks with the work of governance activists in the same years. His wide-angle lens shows how the political and economic turbulence of that period led not only to the Volcker shock but to the rising prominence of NGOs and foundations seeking to restore order and stability at home and abroad. -- Jonathan S. Blake * Boston Review *An intriguing, sophisticated book about the relationships between the evolution of the modern nation-state and the concurrent forces of capitalism, popular politics, socialist responses, and bureaucratic governance. This is a deep and clever work, the culmination of an erudite historian's long grappling with humankind's mixed record of progress and failure. -- Paul Kennedy, author of The Rise and Fall of the Great PowersCharles Maier has produced a brilliantly innovative reconceptualization of twentieth-century history in terms of the interaction between states, resources, and markets. He sets a bold agenda for future thinking about the shape of the past one hundred years. -- Harold James, author of The War of Words: A Glossary of GlobalizationA true history of the present. The Project-State and Its Rivals is a powerful, insightful, and penetrating analysis of the major shifts in global order and social dynamics across the past century. There are few historians today who can venture to undertake such a tour d'horizon with equal confidence and expertise as Maier. -- Sebastian Conrad, author of What Is Global History?

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Book SynopsisIs neoclassical economics dead? Why have the biggest industrial economies stagnated since the financial crisis? Is the competitive threat from China a tired metaphor or a genuine danger to our standard of living? Lord David Sainsbury draws on his experience in business and government to assemble the evidence and comes to some startling conclusions. In Windows of Opportunity, he argues that economic growth comes not as a steady process, but as a series of jumps, based on investment in high value-added firms. Because these firms are engaged in winner-takes-all competition, rapid growth in one country can indeed come at the expense of growth in another, contrary to the standard models. He suggests a new theory of growth and development, with a role for government in 'picking winners' at the level of technologies and industries rather than individual firms. With the role of industrial policy at the centre of the Brexit debate, but a significant intellectual gap in setting out what that policy should be, this book could not be more timely.Trade ReviewOne way or another, [this government] is going to have big decisions to make about industrial policy in this new and very different world. This book should go on its reading list. -- Richard Lambert * Financial Times *

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Book SynopsisLike all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. How had our models so utterly failed us? Virtually every day, we make wagers on the future - but, even when we''re not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date. The Map and the Territory is an important attempt to update our forecasting conceptual grid using twenty-first-century technologies, offering a lucid and empirical grounding in what we can know about economic forecasting and what we can''t.

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Book SynopsisPopulism, on both the right and the left, has spread like wildfire throughout Europe and the United States and is making inroads in other parts of the world. In simplest terms, populism is a political ideology that vilifies elites, minorities and foreigners while lionizing the people. It reached its apogee in the U.S. with the election of Donald Trump but has been a force in Europe since the Great Recession and the refugee crisis. We now see the rise of leaders with populist tendencies everywhere from Brazil to Turkey.In The Populist Temptation, Barry Eichengreen places this global resurgence of populism in its historical context. Populists have always thrived, he observes, in times of poor economic performance. Populism feeds on rising inequality, which augments the ranks of those left behind and fans dissatisfaction with the economic status quo. It responds to rapid economic change that heightens insecurity. These economic developments, Eichengreen shows, give rise to populist reactions when they highlight the divergent interests of the people and the elite. Banking and financial crises are a case in point: the financiers who are the precipitating agents of such crises are card-carrying members of the elite, and are seen as profiting at the expense of the people.But populism is also a protest against the declining influence of the traditions, beliefs and community of once-dominant groups. It is a reaction against the challenge posed by immigrants and minorities to the people as a homogeneous, well-defined entity. Populists capitalizing on these feelings appeal to a glorious, mythologized past grounded in the collective traditions of that once-dominant majority. They invoke nationalism and criticize politicians who embrace diversity, open borders and equal rights. Populism has particular appeal, Eichengreen shows, when these identity politics and economic grievances come together.There is no magic solution to these concerns, but Eichengreen points to a starting place: strengthening welfare state policies that make for greater equality of opportunity and social cohesion. Comparing Europe with the United States, he shows that America''s patchwork welfare state is less well equipped to deal with the fallout from globalization and technical change and the growing distance between social groups. This reality will be hard to change, since America''s limited welfare state reflects the country''s historically-rooted suspicion of big government. It is therefore in the United States, Eichengreen concludes, where the siren song of populism is most alluring--and dangerous.Trade ReviewBarry Eichengreen is the world leader in distilling the lessons of economic history for the policy makers of today. This important book is the best we yet have on populism and the antidotes it demands. * Lawrence H. Summers, President Emeritus and Charles W. Eliot University Professor, Harvard University *No one makes economic history relevant to today while doing justice to the past like Barry Eichengreen. The Populist Temptation is the best of American and European perspectives on the worst of current EU and US politics. Sobering and sensible, this is a necessary interpretative guide to our times. * Adam S. Posen, President, Peterson Institute for International Economics *Finally, a superb book that places populism in its proper historical context. And who better to write it than Barry Eichengreen, a master at shedding light on our contemporary economic problems from a historical perspective? Eichengreen brilliantly describes the backlash unleashed by economic difficulties and dislocation periodically throughout history, and the varying success of political regimes to rise to the challenge. Historical treatments with their focus on deeply rooted processes can be fatalistic. Eichengreen nicely sidesteps that trap, with a hopeful, constructive message pointing the way forward. * Dani Rodrik, Harvard University *In The Populist Temptation, Barry Eichengreen, amongst the foremost international economists today, explains why we are seeing an outburst of populist movements across the industrial world, and how they mirror similar movements from history. He argues that while the populists have genuine grievances, the solutions their leaders propose are unlikely to work. Eichengreen is skeptical that populists' concerns can be addressed easily. However, his insightful analysis is an essential starting point for anyone who wants to understand one of the most important developments of our times. * Raghuram G. Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance, University of Chicago *Barry Eichengreen has written a characteristically lucid book on the contemporary threat of populism." - Financial TimesTable of ContentsPreface Chapter 1. The Populist Archetype Chapter 2. American Panorama Chapter 3. Luddites and Laborers Chapter 4. Voyage of the Bismarck Chapter 5. The Associationalist Way Chapter 6. Unemployment and Reaction Chapter 7. The Age of Moderation Chapter 8. Things Come Apart Chapter 9. Trumped Up Chapter 10. Breaking Point Chapter 11. Containment Chapter 12. Au Revoir Europe? Chapter 13. Prospects

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Book SynopsisThe relentless increase of inequality in twenty-first century America has confounded analysts from both ends of the political spectrum. While many can point to particular contributing causes, so far none of the policies that have been enacted-not just in the United States but in other advanced countries-have been able to lessen the wealth and income gaps between the top decile and the rest. Critics on the left are more forceful critics of rising inequality, and they tend to blame capitalism and the private sector. Predictably, they see solutions in government action. Many on the right worry about the issue, too, but they come from a position that is more sanguine about corporations and more suspicious of government. But as the libertarian Brink Lindsey and the liberal Steve Teles argue in The Captured Economy, perhaps all of us-left, right, and center-are looking in the wrong places for culprits and solutions. They hone in on the government-corporate sector nexus, apportioning blame noTrade ReviewRecommended. * E.P. Hoffman, emerita, Western Michigan University, CHOICE *Table of ContentsChapter One: The Paradox of Stagnation and Exploding Inequality Chapter Two: Why Rents Matter Chapter Three: Finance Chapter Four: Intellectual Property Chapter Five: Occupational Protection Chapter Six: Land Use Chapter Seven: The Macropolitics of Regressive Stagnation Chapter Eight: The Politics of Breaking Regressive Stagnation Chapter Nine: Conclusion

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Book SynopsisMore people today get news via Facebook and Google than from any news organization in history, and smaller platforms like Twitter serve news to more users than all but the biggest media companies. In The Power of Platforms, Rasmus Kleis Nielsen and Sarah Anne Ganter draw on original interviews and other qualitative evidence to analyze the platform power that a few technology companies have come to exercise in public life, the reservations publishers have about platforms, as well as the reasons why publishers often embrace them nonetheless.Nielsen and Ganter trace how relations between publishers and platforms have evolved across the United States, France, Germany, and the United Kingdom. They identify the new, distinct relational and generative forms of power that platforms exercise as people increasingly rely on them to find and access news. Most of the news content we rely on is still produced by journalists working for news organizations, but Nielsen and Ganter chronicle rapid changTrade ReviewThe book uncovers provides a needed starting point from which conditions of non-Western media environments can be investigated, compared, and evaluated. * B. G. Chang, CHOICE *Whatever your view of whether governments and societies should break up digital platforms, you'll agree that platform power is real. Nielsen and Ganter's book provides the most clear-sighted account yet of how platform power is reconfiguring news publishing. They offer a historically detailed, conceptually precise, and institutionally sensitive account of the deeply asymmetrical relations in which both platforms and publishers are today locked. Essential reading for those who still care about information's role in politics. * Nick Couldry, London School of Economics and Political Science *Even for those of us who study media and tech for a living, it's increasingly difficult to comprehend the last ten years of seismic disruption to the way the public discovers, consumes, and shares information. The Power of Platforms is an important book that brings welcome coherence and insight into the symbiotic and increasingly asymmetrical relationship between news publisher and platforms, how it has upended the media environment, and is transforming societies. * Vivian Schiller, The Aspen Institute *The power of corporate platforms on the distribution and consumption of news is unprecedented. Nielsen and Ganter's book is an exceptional, thought-provoking analysis of the intricate relationships between platform mechanisms and news publishing. This is truly a must-read for any student of media who wants to understand the controlling role of digital intermediaries. No academic of journalism and media studies can afford to miss out on this valuable treatise of how the business of news production has transformed in recent years and what is at stake for the public sphere. * José van Dijck, Utrecht University, and author of The Culture of Connectivity and The Platform Society *Table of ContentsAcknowledgements Chapter 1. The Rise of Platforms Chapter 2. An Epochal Debate Over the Value of Content: The Historical Development of Google's Relations with Publishers Chapter 3. "Inextricably Intertwined"? Publishers Dealing with Platforms Chapter 4. "Our futures are tied together": Platforms Dealing with Publishers Chapter 5. The Power of Platforms Methods Appendix References Notes

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Book SynopsisThe notion that every person living amidst the relative affluence of the rich world has a right to a minimum income enabling social participation, be it frugally and soberly, holds as a fundamental matter of social justice to most people. But how can we make sure that every person has a decent minimum income allowing for a life with dignity in societies rich enough to afford such a right? How can we ensure that minimum income support is cost-effective and compatible with other goals such as promoting work effort, self-reliance, and upward mobility? How can political support for such schemes be fostered and made robust?Zero Poverty Society assesses the current state of minimum income protection in the rich world, building on original empirical analysis. It also engages with debates on topics as diverse as optimal targeting and means-testing, administrative complexity, non-take-up, behavioural economics, the political economy of minimum income protection, and basic income. Marchal and Ma

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Book SynopsisThis book explores seven developing countries' use of technology to begin reforming the economy and government. Foregrounding the voices of policymakers and participants, it documents and critically assesses government efforts to kick-start digital transformation, and offers an exposition of the process of policymaking in the 2020s.Trade ReviewA great read for any political leader or bureaucrat looking to transform their government's digital economy. It is useful to understand what it really takes to support emerging countries who want to establish a digital public infrastructure. * Nandan Nilekani, Chairman and Co-Founder, Infosys and Founding Chairman, UIDAI *Benno saw the huge potential of the digital economy for Africa and devoted the last years of his life tirelessly working to get countries to adopt it. Many countries have begun taking up the technology but fail to adopt a whole of systems approach. Benno would I think have wanted fellow policy makers to learn from the lessons of some of the earlier adopters and what they got right - and wrong. * Vera Songwe, Senior Non-Resident Fellow, Brookings Institution and former Executive Secretary UN Economic Commission for Africa *An absolute gem for policymakers who want to turn their digital transformation aspirations into reality. The writing is refreshingly clear and devoid of jargon, making it a breeze to follow. The authors offer invaluable practical insights based on the experiences of a group of countries that have successfully navigated this complex journey. And what's more, this book doesn't shy away from the pitfalls and challenges you may encounter along the way. It's an honest, straight-talking guide that will leave you feeling inspired and confident to take action. * Jean Philbert Nsengimana, Chair, Global Digital Inclusion Partnership and Chief Digital Advisor, Centres for Disease Control Africa *This book is timely as it deals with such an important topic for my country and for many others in sub Saharan Africa and beyond. The book shows that the continent has an opportunity to fully benefit from greater digital transformation reforms, further than payment systems. Throughout, the book pays particular attention to context and respecting inclusion of multi-stakeholders in the process. Driving Digital Transformation tells us how to do this, not through giving instructions, but instead by sharing the lessons learned from other policymakers. * Blandina Kilama, Economic advisor to President Suluhu, Republic of Tanzania *Where clear measures of digital success and failure are sometimes lacking, the authors offer a full treatment of diagnosing and evaluating digital readiness. The rigorous focus on the nuances of implementation, especially in the book's Digital Economy Kit and strategy primer, make this critical reading for both scholars and practitioners! * Aaron Maniam, Deputy Secretary (Industry & International), Ministry of Communications and Information, Singapore *Table of ContentsAcknowledgements Preface: Remembering Benno Ndulu Abbreviations and acronyms 1: Introduction to the Digital Economy Kit 2: Seizing opportunity for digital reform 3: Objectives: What is the Digital Economy Kit trying to do? 4: Assessment: Data and diagnostics 5: Multi-stakeholder dialogue 6: Strategy primer 7: A critical view on implementation 8: Conclusion References Index

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Book SynopsisIn the second decade of the 21st century, Colombia showed surprising results in the fight against poverty. Monetary poverty dropped, extreme monetary poverty was cut in half, and multidimensional poverty fell. More than five million Colombians overcame poverty. Inequality also decreased significantly. In the middle of an internal armed conflict and peace negotiations, Colombia became a poverty reduction success story. All of this happened under the leadership of President Juan Manuel Santos (2010-2018). How was this accomplished? In this important book, based on his experience and with data and statistics, former President Santos explains how this battle against poverty was waged and describes the tools, programs, and policies that produced these results. In particular, he emphasizes the importance of Colombia''s globally pioneering adoption of the Multidimensional Poverty Index (MPI), calculated according to the Alkire-Foster method and developed at the Oxford Poverty and Human DeveloTable of ContentsAcknowledgments Letter to the Reader An Important Clarification on Changes in the Measurement of Monetary and Multidimensional Poverty in Colombia Introduction: A Commitment to Poverty Reduction 1: A New Measurement of Poverty 2: Colombia: A Pioneer in MPI Adoption 3: Institutional Design to Combat Poverty 4: Top-Level Follow-Up and Monitoring 5: Policies and Programs to Reduce Multidimensional Poverty 6: Fieldwork:

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Book SynopsisAmericans today worry about concentrated power in private industry to an extent not seen in generations. Not only do they find diminished diversity of service-providers and producers, but they are disquieted by the power of a few large companies to shape and constrain democratic processes. Americans across the political spectrum, from former President Donald Trump to Massachusetts Senator Elizabeth Warren, have sounded alarms about the overlarge power of business in both public and private life. While many of the technologies and industries that worry Americans are new, the concerns they''ve raised are not unprecedented.Antimonopoly and American Democracy traces the history of antimonopoly politics in the United States, arguing that organized action against concentrated economic power comprises an important American democratic tradition. While prevailing narratives tend to treat monopoly as a risk to people mainly in their roles as consumers--by causing prices to increase, for example-Trade ReviewAn essential guide to the history of the fight against monopoly in the United States, this remarkable book reveals that from the Boston Tea Party to today, the battle against monopoly has been a battle for freedom. * Luigi Zingales, Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business *Antimonopoly and American Democracy is a scholarly, eminently readable, and wide-ranging treatment of Americans' understanding of the monopoly problem from the late-eighteenth to the mid-twentieth centuries. Its authors treat various markets and technologies, and from disciplines that are not limited to economics. In particular, this book addresses the heavy presence of antimonopoly rhetoric in the development of corporate law, antitrust, the law of regulated industries, and related concerns about federalism and international relations. An outstanding list of contributors explores these topics from every angle, emphasizing the extent to which monopoly was perceived as a threat to equality, economic participation and opportunity, and democracy itself. * Herbert Hovenkamp, James G. Dinan University Professor, University of Pennsylvania *Table of ContentsPART ONE: THE LONG HISTORY OF ANTIMONOPOLY AND AMERICAN DEMOCRACY I. Introduction: Democracy and the American Antimonopoly Tradition Daniel Crane and William J. Novak II. Rethinking the Monopoly Question: Commerce, Land, Industry Richard R. John III. From Antimonopoly to Antitrust Richard White PART TWO: RETHINKING THE PROGRESSIVE AND NEW DEAL ANTIMONOPOLY TRADITIONS IV. Antimonopoly and State Regulation of Corporations in the Gilded Age and Progressive Era Naomi R. Lamoreaux V. America Antimonopoly and the Rise of Regulated Industries Law William J. Novak VI. Banking and the Antimonopoly Tradition: The Long Road to the Bank Holding Company Act Jamie Grischkan PART THREE: REMAKING ANTIMONOPOLY IN A NEW GLOBAL AGE VII. De-Nazifying by De-Cartelizing: The Legacy of the American Decartelization Project in Germany Daniel Crane VIII. Jurisdiction Beyond Our Borders: United States v. Alcoa and the Extraterritorial Reach of American Antitrust, 1909-1945 Laura Phillips Sawyer IX. From Market Power to State Capture: The Fateful Shift in Postwar Antimonopoly James T. Sparrow PART FOUR: ANTIMONOPOLY AND AMERICAN DEMOCRACY: SELECT CASE STUDIES X. Antitrust and the Corporate Tax, 1909-1928 Reuven Avi-Yonah XI. Beyond the Labor Exemption: Labor's Antimonopoly Vision and the Fight for Greater Democracy Kate Andrias XII. Antimonopoly in the Media Industries: A History Sam Lebovic

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Book SynopsisToday Adam Smith, author of the Wealth of Nations, is associated with the promotion of self-interest and a defence of greed. Yet if Smith is actually read this is more a caricature than a faithful portrait. Berry offers a balanced and nuanced view of this seminal thinker, set against contemporary European history, politics, and philosophy.Trade ReviewThe book certainly delivers on being a "stimulating and accessible account" of Smith's context and work and therefore every library must acquire a copy. * Alex M. Thomas, Indian Journal of Human Development *Christopher Berry provides a clear and thorough guide to all of Adam Smith's major works, as well as their social and intellectual context. The level of detailed attention, to texts and issues, is indeed remarkable, given the brevity of the book. This is a first-rate introduction, which has something to offer to college students and seasoned scholars alike. * Sam Fleischacker, author of On Adam Smith's Wealth of Nations: A Philosophical Companion *Table of Contents1: Life and times 2: Communication and imagination 3: Sympathetic spectators 4: Living virtuously 5: Making and working 6: Trading and spending 7: Legacy and reputation References Further reading Index

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Book SynopsisThe Invisible Hand? offers a radical departure from the conventional wisdom of economists and economic historians, by showing that ''factor markets'' and the economies dominated by them -- the market economies -- are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market economies create flexibility and high mobility in the exchange of land, labour, and capital, and initially they generate economic growth, although they also build on existing social structures, as well as existing exchange and allocation systems. The dynamism that results from the rise of factor markets leads to the rise of new market elites who accumulate land and capital, and use wage labour extensively to make their wealth profitable. In the long term, this creates social polarization and a decline of average welfare. As these new elites gradually translate their economiTrade ReviewBas Van Bavel has given both public policy and comparative institutional history a great boost by asking big questions about where we are in the history of economic development, looking at contemporary quandaries through the lens of long-term historical patterns. * Hilton L. Root, Independent Review *Starting from a sharp focus on fundamental problems -- the long-term effects of society on market economies, the management of catastrophes -- Bas van Bavel tests existing theories and clearly formulates his innovative insights. * Wim Blockmans, Emeritus professor of medieval history, Leiden University *Bavel is excellent in providing numerical estimates... It is not only the plausibility of the mechanism of decline that gives strength to Bavel's thesis; it is also that he lists the manifestation of the decline * Branko Milanovic, globalinequality *A brief review...cannot do justice to wealth of material in this important new book, other than by noting that anyone interested in these issues should not miss it. * Gene Callahan, Cardiff University, History: Reviews of New Books *This a beautifully written book, easy to read, which makes it adequate for a wide audience. Above all, it is an original and intellectually challenging piece of scholarly work that breaks new historical grounds. Van Bavel is one of the few scholars alive who is equally an expert on history, economics, politics. This characteristic enables him a truly subtle analysis of texts and ideas. I want to make clear at the outset that economists and economic historians neglect this book at their peril, since it represents a methodological challenge to research as usual ... this book is going to be a vital contribution to the advancement of economic discourse as well as a crucial intervention in current political debate. * Stefano Zamagni, Journal of Economics *Van Bavel's deep expertise in the subject matter weaves an intricate web of connections of cultural, economic, and social aspects across time and space, and seamlessly draws the reader into a wonderful account * Mauricio Drelichman, Journal of Economic Literature *any social scientist interested in "big think" questions will benefit greatly from reading The Invisible Hand? While it presents only a piece of the "great divergence" puzzle, it is an understudied piece that is an important complement to existing theories based on institutions, culture, and governance. * Jared Rubin, EH.net *Table of Contents1: Introduction: Markets in economics and history 2: Markets in an early medieval empire: Iraq, 500-1100 3: Markets in medieval city-states: the centre-north of Italy, 1000-1500 4: Markets in late medieval / early modern principalities: the Low Countries, 1100-1800 5: Epilogue: Markets in modern states: England, the United States and Western Europe, 1500-2000 6: Conclusion: The fundamental incompatibility of market economies with long-run prosperity Bibliography

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Book SynopsisThe emergence of new technologies and business models has required a pro-active role from public authorities in defining the rules of evolving markets before issues cement. This book surveys the key areas of the digital economy that demand policy action, such as AI, cybersecurity, and e-commerce, and the EU long term strategic plans to govern them.Table of ContentsPART 1. TOWARDS A DIGITAL ECONOMY 1: A Digital Economy 2: Facts About the European Digital Economy 3: Technology and the Covid-19 Pandemic PART 2. DIGITAL INFRASTRUCTURE 4: Connectivity 5: The Data Economy 6: Digital Government 7: Cybersecurity PART 3. DIGITAL MARKETS 8: An Introduction to Online Platforms 9: Online Content and Platform Liability 10: E-Commerce 11: The Sharing Economy PART 4. DIGITAL SOCIETY 12: Technology and Employment 13: Digital Inequality 14: Disinformation in the Digital Age 15: Artificial Intelligence Appendix 1. Microeconomics: A Toolkit

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Book SynopsisFor centuries, industrialization and factory-based production have been core ingredients in economic growth, development, and innovation. This symbiotic relationship between industrialization and economic prosperity is now changing. ''Megatrends'' - trends within the domains of technology, economy, society, and ecology that have a global impact - are changing the ability of the manufacturing sector to serve as the engine of growth, changing traditional ideas of technological progress, and changing growth and development opportunities in both the global South and the global North. Four megatrends are particularly worthy of note: the rise of services, digital automation technologies, globalization of production, and ecological breakdown. In this book, Jostein Hauge provides a novel analysis of how these megatrends are changing industrialization, and charts new pathways for industrial policy and global governance. He also offers a wide-ranging account of the role of technology, globalizatTrade ReviewFactories and economic progress have been linked-for better and worse-since the Industrial Revolution. Modern factories are far removed from the grimy mills of the 19th century, but what is their 21st century future? In a compelling analysis, Jostein Hauge explores the massive economic transformations under way now to draw out lessons for countries contemplating a "post industrial" economy and for those yet to achieve industrialization. * Diane Coyle, Bennett Professor of Public Policy, University of Cambridge *The Future of the Factory presents new insights and critical issues surrounding industrialization and development. This novel contribution to the existing literature on industrial policy will stimulate debates on how these trends will evolve and shape the industrial revolution in the 21st century. The implications of these megatrends for developing countries are that industrialization and industrial policy, and developing technological capability, will remain central in the new changing landscape. Policymakers, business leaders, and scholars will benefit from reading this book. * Arkebe Oqubay, British Academy Global Professor, SOAS University of London, and author of Made in Africa *In this book, Jostein Hauge shows how it is the factory, not the market, that has shaped the modern world. He then looks at how the factory-and thus our economic world-is currently being reshaped. In doing so, Hauge takes on the biggest challenges of our time-be they globalization or ecological breakdown-but is never swayed by hype. He questions even the most widely received wisdom but only when there is a firm empirical basis. He makes bold claims but never loses balance and realism. This is a gem of a book that will be an essential guide to understanding the future of the world economy. * Ha-Joon Chang, SOAS University of London, author of 23 Things They Don't Tell You About Capitalism and Edible Economics *The global economy has been fuelled by pervasive and uneven patterns of industrialization for more than two centuries. Jostein Hauge's new book reveals how significant new megatrends are reshaping both globalization and industrialization in the 21st century. The book is particularly insightful in offering critical assessments of topics like the impact of digital automation on production jobs, the rise of manufacturing-related services including artificial intelligence, and the dire planetary consequences of ecological breakdown if current development strategies are not fundamentally revamped. Written in an engaging style for a broad audience, this is a highly recommended and informative book that couldn't be more timely. * Gary Gereffi, Emeritus Professor of Sociology and Director of the Global Value Chains Center at Duke University *Table of ContentsIntroduction 1: Industrialization in context: History and theory 2: The rise of services 3: Digital automation technologies 4: Globalization of production 5: Ecological breakdown 6: Industrial policy for the future Conclusion: A factory in the future References

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Book SynopsisOxford Handbooks of Political Science are the essential guide to the state of political science today. With engaging contributions from 71 major international scholars, the Oxford Handbook of Political Economy provides the key point of reference for anyone working in political economy and beyond.Trade ReviewReview from previous edition 'This is an impressive book in every dimension.' * Randall G. Holcombe, Public Choice *'The overall quality of writing and analysis is high, and the bibliographies are very valuable...Highly recommended.' * M. Veseth, Choice, Vol. 44, No. 10 *'This volume comprises a thorough and definitive overview, written by the top people in the field, of the research frontier of political economy. It will be required reading for students, and essential reference material for scholars active in the field, for many years to come.' * Avinash K. Dixit, John J. F. Sherrerd '52 University Professor of Economics, Princeton University *'The thoughtful essays in the Handbooks are far more than literature reviews. Scholars and students will find them to be a valusable resource for many years to come.' * Morris P. Fiorina, Senior Fellow at the Hoover Institution and Wendt Family Professor of Political Science, Stanford Univeristy. *This edited volume is comprehensive and impressive in every dimension. * Political Studies Review *Table of ContentsI. VOTERS, CANDIDATES, AND PRESSURE GROUPS; II. LEGISLATIVE BODIES; III. INTERACTION OF THE LEGISLATURE, PRESIDENT, BUREAUCRACY AND THE COURTS; IV. CONSTITUTIONAL THEORY; V. SOCIAL CHOICE; VI. PUBLIC FINANCE AND PUBLIC ECONOMICS; VII. POLITICS AND MACROECONOMICS; VIII. DEMOCRACY AND CAPITALISM; IX. HISTORICAL AND COMPARATIVE DEVELOPMENT AND NON-DEMOCRATIC REGIMES; X. INTERNATIONAL POLITICAL ECONOMY; XI. INTERNATIONAL RELATIONS AND CONFLICT; XII. METHODOLOGICAL ISSUES; XIII. OLD & NEW

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Book SynopsisThis volume unites, for the first time, Books IV and V of Mill''s great treatise on political economy with his fragmentary chapters on socialism. It shows him applying his classical economic theory to policy questions of abiding concern, particularly the desirability of sustained growth of national wealth and population versus a stationary state, the merits of capitalism versus socialism, and the expedient scope of government intervention in the competitive market economy. His answers to those questions have considerable relevance today, and they serve to illustrate the enduring power and imagination of his distinctive liberal utilitarian philosophy. In his introduction, Jonathan Riley clarifies Mill''s approach, considers what constitutes the Millian Utopia, and shows how examination of such an ideal society provides valuable insights into the structure of his philosophy. ABOUT THE SERIES: For over 100 years Oxford World''s Classics has made available the widest range of literature

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Book SynopsisFrom decolonization and democratization to religion and gender, Politics and Culture in the Developing World is a comprehensive survey of the global context of development. With in-depth and current examples from Asia, Africa, Latin America, and the Middle East., this text examines the central political themes in the developing world. Throughout, Politics and Culture in the Developing World demonstrates how globalization both accelerates change and increases interdependence between developing and developed countries.Trade Review“Payne and Nassar do a remarkable job of interconnecting the myriad of issues facing developing countries and following the thread of globalization that runs through them. This approach goes a long way in providing students with a bigger picture of both the third world and the globalized world. ”–Manjusha Gupta, North Dakota State UniversityTable of ContentsChapter 1. Government, Politics, and Cultures in Africa, Asia, the Middle East and Latin America Chapter 2. Global Interdependence Chapter 3. Religion and Politics Chapter 4. Nationalism, Colonialism, and Independence Chapter 5. Global and Domestic Inequalities Chapter 6. Challenges of Development Chapter 7. The Costs of Development Chapter 8. Women in the Developing World Chapter 9. Transitions to Democracy and Human Rights Chapter 10. Political Leadership and State Capacity Chapter 11. Ethnicity, Ethnic Conflict, and Conflict Resolution Chapter 12. Migration Chapter 13. Foreign Relations of the Developing Countries

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Book SynopsisTrade Review“A wide-ranging and original study of the slowdown in economic growth in America in recent decades.” * Economist, Best Books of the Year for 2020 *"An impressive survey of the economics literature on US productivity. For those interested in the subject, it is a must-read." * Financial Times *“Fully Grown makes a coherent and compelling argument that American productivity growth has only mildly faltered.” * Wall Street Journal *“For Dietrich Vollrath of the University of Houston, low growth is reason for cheer. In a new book he argues that America’s growth has slowed because so much in the economy has gone so well. . . . His triumph is in showing the degree to which these [GDP numbers] make economic growth an unreliable measure of success. Attempting to capture progress in a single number is a fool’s errand.” * Economist *"Taken together, slower growth in the labor force and the shift to services can explain almost all the recent slowdown, according to Vollrath. He’s unimpressed by many other explanations that have been offered, such as sluggish rates of capital investment, rising trade pressures, soaring inequality, shrinking technological possibilities, or an increase in monopoly power. In his account, it all flows from the choices we’ve made: 'Slow growth, it turns out, is the optimal response to massive economic success.'” * New Yorker *"Given the likelihood of recession, some desperate West Wing scribe might want to sneak a few thoughts from Vollrath's Fully Grown: Why a Stagnant Economy Is a Sign of Success into the State of the Union speech. Challenging the automatic equation between economic health and a growing gross domestic product, the author argues that capitalism 'has already supplied so much of the necessary stuff of modern life--brought us so much comfort, security and luxury--that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP.'" * Inside HIgher Ed *"For the past decade, Robert Gordon has written about the rise and fall of American growth, praising the first in our past that was and lamenting the second in our present that is. Now comes Vollrath with a lively, accurate, and essential corrective to Gordon's pessimism: growth is slow today, he demonstrates, not because our economy is failing but because our economy has succeeded." -- Brad DeLong, University of California, Berkeley"Vollrath offers a provocative new explanation of the slowdown in economic growth experienced by the US economy during the past two decades: we are a victim of our own success. Rising leisure, declining fertility, and the shift out of manufacturing into services explain the bulk of the slowdown in aggregate income growth. Each is a feature of a mature, developed economy, and in that sense, the slowdown may be a symbol of success rather than a sign of failure. Brilliantly supported by the latest research and engagingly presented, Fully Grown provides a startling, novel assessment of economic growth in the 21st century." * Chad Jones, Stanford University *“Anybody who has followed Vollrath’s blog will have been eagerly waiting for this book. Fully Grown is essential reading for anybody interested in the future of the economy. It investigates why the United States and other advanced economies are growing more slowly than in the past. Contrary to conventional wisdom, it argues this slowdown is due to success, not failure. All the leading economies have aging populations, thanks to past gains in health, and are largely service-based, as material goods account for a shrinking share of spending. These two characteristics alone mean the economy will not expand as rapidly in the 21st century. There are plenty of other problems to tackle, from unequal opportunities to excessive market power; but, Vollrath argues convincingly, the growth rate is the wrong way to assess how well the economy is doing.” -- Diane Coyle, Bennett Professor of Public Policy, University of Cambridge“This book completes, for me, a series of books that have come out in the last couple of years that help to explain the current state of the US economy and why we can be optimistic about a lot of what is going on.” * Seeking Alpha *"Typically, lower economic growth is deplored because it squeezes private living standards and government programs. But in a fascinating new book, economist Dietrich Vollrath of the University of Houston challenges the conventional wisdom." -- Robert Samuelson * Washington Post *“Vollrath sets up a clear framework and expounds it lucidly.” * Inside Story *"But what if slow growth instead reflects great economic success? That’s the provocative thesis of a new book, cleverly titled “Fully Grown,” by economist Dietrich Vollrath...Vollrath not only offers the proverbial two cheers for slower growth rates, but also explains why many oft-proposed policy solutions are not likely to rekindle rapid growth." -- Charles Lane * Washington Post *"It is refreshing today to read that the U.S. economy is not weak because of a trade war with China or a failure of innovation. According to Vollrath, it is growing more slowly because families have made different decisions about how to live their lives, and those decisions were only possible because of the economy’s previous success. It is conceivable,perhaps even likely, that the U.S. will never again see such a period of supercharged growth as it did in the second half of the 20th century, when it benefited from the tailwinds of life-changing innovation and abundant labor. The lesson of Fully Grown is that perhaps it doesn’t need to." -- Mike Jakeman * Strategy + Business *"Why has the growth slowed in the high-income countries, notably the US? Is it a sign of failure or of success? Vollrath argues that it is the latter. Thus, the main reasons for the slowdown in the early 21st century are demographic - smaller family sizes and ageing - and the shift from goods to services. The failure to accelerate the overall rate of growth of productivity in the services is striking. Given that reality, Vollrath is right." * Financial Times *"A combination of admirably lucid, engaging exposition and well-informed synthesis, Vollrath’s book is a must read for anyone interested in long-term trends in the US economy. . . . Highly recommended." * Choice *"The post‐World War II years brought unprecedented economic growth to much of the world, resulting in massive declines in poverty and huge wealth. How long can this go on? In the United States and other highly developed countries, economic growth has slowed significantly after 2000. This book examines the fundamental causes of this slowdown...[Its] findings are important because they imply a new normal of slower growth in the economically advanced countries." * Population and Development Review *"If you want to learn a great deal about frontier research in economic growth written in an accessible and engaging way, you will have a hard time finding a better read." * Economic Record *Table of ContentsPreface 1 Victims of Our Own Success 2 What Is the Growth Slowdown? 3 The Inputs to Economic Growth 4 What Accounts for the Growth Slowdown? 5 The Effect of an Aging Population 6 The Difference between Productivity and Technology 7 The Reallocation from Goods to Services 8 Baumol’s Cost Disease 9 Market Power and Productivity 10 Market Power and the Decline in Investment 11 The Necessity of Market Power 12 Reallocations across Firms and Jobs 13 The Drop in Geographic Mobility 14 Did the Government Cause the Slowdown? 15 Did Inequality Cause the Slowdown? 16 Did China Cause the Slowdown? 17 The Future of Growth Appendix: Data and Methods References Index

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