Political economy Books

Book SynopsisOver the past few decades, economists have witnessed with growing uneasiness their failure to explain the ballooning of public debt in most countries. Using methodological individualism and micro-economics, this book overcomes flaws inherent in the standard macro approach, according to which governments manipulate public debt to promote systemic stability. This unique analysis is grounded in the writings of Antonio de Viti de Marco, injecting current analytical contributions and formulations into the framework to offer a forthright insight into public debt and political economy. Public Debt provides an alternative orientation that explains why concepts of public debt that are relevant for authoritarian regimes are not relevant for democratic regimes. It examines public debt in cooperative and monopolistic democracies as well as the corrupting quality of public debt in democracy. Including topics such as macro guidance within a Machiavellian approach, public debt as systemic lying and as a shell game, economy as an ecology vs. economy as an engine, individual vs. group action and cooperative state as ideal type, this book is a unique and refreshing approach to the material. This comprehensive and cohesive sourcebook will serve as a critical resource for academics interested in public debt and political economy.Trade Review‘Edward Elgar is publishing high quality research volumes on the nature and value of public debt including this worthy contribution written by Giuseppe Eusepi and Richard Wagner.’ -- Stefano Solari, History of Economic Though & PolicyTable of ContentsContents: 1. Macroeconomics, fiscal policy, and public debt: conflating myth and reality 2. Political economy and the supply of macro guidance 3. Engines, ecologies, and economic systems 4. Budgeting and public debt within a system of cooperative democracy 5. Public debt within systems of monopolistic democracy 6. “Monstrous moral hybrids” and the corrupting quality of public debt Index

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Book SynopsisThis Handbook discusses theoretical approaches to migration studies in general, as well as confronting various issues in international migration from a distinctive and unique international political economy perspective. With a focus on the relation between globalization and migration, the international political economy (IPE) theories of migration are systematically addressed.Original new contributions from leading migration scholars offer a complete overview of international migration. They examine migration as part of a global political economy whilst addressing the theoretical debates relating to the capacity of the state to control international migration and the so called 'policy gap' or 'gap hypothesis' between migration policies and their outcomes. An examination of the relationship between regional integration and migration, with examples from Europe, North America, the Middle East and North Africa, as well as South-East Asia - is also included.Aimed at political scientists and political economists with an interest in globalization and EU policymaking this collection will be accessible to students, academic and policymakers alike.Contributors: R.G. Anghel, A. Balch, M. Fauser, C. Finotelli, A. Geddes, W.J. Haller, F. Jurje, O. Korneev, S. Lavenex, A.I. León, S. McMahon, E. Nadalutti, H. Overbeek, F. Pasetti, H. Pellerin, M. Piracha, T. Randazzo, R. Roccu, M. Samers, G. Sciortino, K. Surak, L.S. Talani, R. Zapata-BarreroTrade Review'The editors have amassed an impressive range of international experts on the political economy of migration to create an invaluable teaching resource on the subject for many years to come.' --Vassilis K. Fouskas, University of East London, UK'This superb Handbook provides an indispensable guide to what is arguably the most serious political and humanitarian crisis of our time. Including chapters by numerous leading scholars in the field of migration studies, the Handbook is distinctive not only because of its international political economy orientation, but also because of its comprehensiveness: the Handbook combines sustained theoretical and conceptual engagement as it engages with the most important migration crises in North America, Europe, and Asia.' --Alan Cafruny, Hamilton College, US'An excellent book on one of the most pressing issues of our time: international migration. By bringing together the dominant approaches in the literature, and applying them to a broad spectrum of migration problems, this book sets a standard for academics and policymakers.' --Stefan Collignon, London School of Economics and Political Science, UK, Sant'Anna School of Advanced Studies, Italy and University of Hamburg, GermanyTable of ContentsIntroduction: An IPE Perspective on International Migration Leila Simona Talani PART I THE THEORETICAL BACKGROUND: TOWARDS AN INTERNATIONAL POLITICAL ECONOMY OF MIGRATION 1. International Migration: IPE Perspectives and the Impact of Globalization Leila Simona Talani 2. Neoliberal Globalisation, Transnational Migration and Global Governance Alba I. León and Henk Overbeek 3. The State and the Regulation of Migration Andrew Geddes and Oleg Korneev 4. Towards a Just Mobility Regime: An Applied Ethical Approach to the Study of Migrants’ Admission – The Case of Skill Selection Ricard Zapata-Barrero and Francesco Pasetti 5. Assessing the International Regime Against Human Trafficking Alex Balch 6. Migration, Transnationalization and Urban Transformations Margit Fauser PART II THE ECONOMIC DIMENSION OF MIGRATION 7. Global Foreign Workers’ Supply and Demand and the Political Economy of International Labour Migration Hélène Pellerin 8. Guestworker Regimes Globally: An Historical Comparison Kristin Surak 9. Closed Memberships in a Mobile World? Welfare States, Welfare Regimes and International Migration Giuseppe Sciortino and Claudia Finotelli 10. The Expat-Sensitive State? Globalization, Development, and the Shifting Loci of Transmigrant Resources William J. Haller 11. Migrant’s Remittances: Channeling Globalization Remus Gabriel Anghel, Matloob Piracha and Teresa Randazzo, 12. The Migration-Trade Nexus: Migration Provisions in Trade Agreements Sandra Lavenex and Flavia Jurje PART III THE REGIONAL DIMENSION OF MIGRATION 13. Regional Integration and Migration in the European Union. Simon McMahon 14. The Political Economy of Migration from the MENA Area Before and after the Arab Spring: The Case of Tunisia and Egypt Leila Simona Talani 15. Neoliberal Restructuring, Forced Migration and Unprotected Work in a Globalising Cairo: A Critical International Political Economy Perspective Roberto Roccu 16. Migration Policies, Migration and Regional Integration in North America Michael Samers 17. Regional Integration and Migration in Southeast Asia: The Rise of ‘Iskandar-Malaysia’. Elisabetta Nadalutti Index

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Book SynopsisIn this enlightening book, John Mukum Mbaku analyses the main challenges of constitutional design and the construction of governance institutions in Africa today. He argues that the central issues are: providing each country with a constitutional order that is capable of successfully managing sectarian conflict and enhancing peaceful coexistence; protecting the rights of citizens ? including those of minorities; minimizing the monopolization of political space by the majority (to the detriment of minorities); and, effectively preventing government impunity. Mbaku offers a comprehensive analysis of various approaches to the management of diversity, and shows how these approaches can inform Africa?s struggle to promote peace and good governance. He explores in depth the existence of dysfunctional and anachronistic laws and institutions inherited from the colonial state, and the process through which laws and institutions are formulated or constructed, adopted, and amended. A close look at the constitutional experiences of the American Republic provides important lessons for constitutional design and constitutionalism in Africa. Additionally, comparative politics and comparative constitutional law also provide important lessons for the management of diversity in African countries. Mbaku recommends state reconstruction through constitutional design as a way for each African country to provide itself with laws and institutions that reflect the realities of each country, including the necessary mechanisms and tools for the protection of the rights of minorities.From students and scholars to NGOs, lawyers and policymakers, this unique and judicious book is an essential tool for all those seeking to understand and improve governance and development in Africa.Trade Review'An excellent exposition of the policy imperative for African countries to find ways to ensure peaceful coexistence of their ethnic groups and provide the enabling environment for inclusive growth and development. Mbaku has convincingly applied Buchanan's constitutional political economy model to show how African countries can use constitutional design so that laws and institutions can provide the wherewithal for peaceful coexistence and create the enabling environment for growth and development. Recommended reading for political economy scholars, rights activists, and African policy-makers.' --Kempe Ronald Hope, Sr., Development Practice International, CanadaTable of ContentsContents: Preface 1. General introduction: issues in Africa’s efforts to protect the rights of minority groups 2. The historical foundations of the problem 3. The critical domains in the post-independence period 4. Confronting poverty and underdevelopment in Africa today 5. Why process is important in constitutional design 6. Process-driven constitutional design, legitimacy and minority rights: constituent assemblies 7. Process-driven constitutional design, legitimacy and minority rights: the constitution-making process 8. The importance of legitimacy for compliance and constitutional maintenance in Africa 9. Enhancing the protection of minority rights in Africa: lessons from US constitutional practice 10. Thinking of political democracy 11. Comparative constitutional law and the management of ethnocultural diversity 12. Enhancing the protection of minority rights in Africa: consociational democracy 13. Polyarchy, participation and minority rights in Africa 14. Governance and group-differentiated citizenship in the African countries 15. Constitutional design, constitutionalism and the protection of minority rights in Africa: the way forward Index

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Book SynopsisNetwork industries such as electricity, gas, rail, local public transport, telecommunications and postal services are recognised by the EU as crucial for fostering European social and territorial cohesion. Providing an overview of key policy reforms in these industries and an empirical evaluation, this thought-provoking book offers a critical perspective on the functioning of the networks that provide vital services to EU citizens. Key features include: analysis of policy reforms and their effects on the welfare of citizens as users an innovative focus on the neglected topic of the role of state-owned or state-invested enterprises assessment of changes in policy framework reform from the consumer's point of view a comparative country analysis evaluation of cross-cutting issues related to reform including privatisation, unbundling, performance and impact. The Reform of Network Industries will appeal to academic researchers in the fields of industrial economics, policy and regulation and the economics of European integration, as well as students of business and law. Policymakers, regulators and public administrators will also find this book a stimulating read.Contributors include: P. Bance, R. Cardinale, P. Castelnovo, A. Chassy, S. Clo, A. Cosic, L. Diestelmeier, J. Doleschel, S. Drufuca, G. Esposito, M. Florio, S. Grönblom, R. Hirsch, T. Holvad, T. Kaloud, M. Lampropoulou, A. Maxim, A. Negrelli, T.A. Nguyen, N. Rosetto, A. Roukouni, R.P. Sanchez, S. Thomas, J. Urban-Kozlowska, J. WillnerTrade Review'It is high time a cross-country, multi-sector analysis of the effects of privatization, regulation and liberalization across the EU was performed, with not just costs, efficiency and performance in mind, but also, welfare, affordability, quality and other impacts on citizens. Finally, all these questions have been brought together in this excellent volume edited by Massimo Florio.' --Judith Clifton, University of Cantabria, Spain'A book on the reform of network industries is long overdue. This edited volume makes a significant contribution to our understanding of the chain reaction of consequences following such reforms. Massimo Florio continues his impressive work in applied and public economics and has assembled a first class team of authors to research this timely topic. The volume offers an enlightening perspective at the proper level of analysis. The suggested framework allows for a careful and nuanced interpretation of the various cases presented.' --Luc Bernier, University of Ottawa, CanadaTable of ContentsContents: Preface PART I: Cross-Cutting Policy Issues 1. The empirical evaluation of regulatory policy reforms in network industries: some methodological issues Massimo Florio 2. Public and private enterprises, costs and welfare performance: an overview with suggestions for further research Johan Willner and Sonja Grönblom 3. Market reforms, governance and performance: lessons learned from the experience in the EU energy industries Steve Thomas and Stefano Clò 4. Market structure and state involvement: passenger railways in Europe Torben Holvad 5. Ownership and Firm Performance: Empirical Evidence from the European Telecommunications Industry (2006-14) Paolo Castelnovo 6. National public missions, diversity of operators and competition: Postal services in the European Union Philippe Bance PART II: Empirical Evaluations 7. Does Public Ownership provide affordable and reliable electricity to household customers? Case studies of electricity sector reforms in the UK, France, Germany and Italy Ajla Cosic, Lea Diestelmeier, Alexandru Maxim, Tue Anh Nguyen and Nicolò Rossetto 8. Telecommunications policies in Europe: past, present, future and impact on citizens Serena Marianna Drufuca, Regina Maria Hirsch, Manto Lampropoulou and Rogelio Pesqueira Sánchez 9. The changing nature of railways in Europe: empirical evidence on prices, investments and quality Giovanni Esposito, Julia Doleschel, Tobias Kaloud and Jadwiga Urban-Kozlowska 10. Local Public Transport Services: the efficiency of public enterprises competing with the private sector in the EU member States Annalisa Negrelli, Anastasia Roukouni and Angélique Chassy 11. The European gas sector: political-economy implications of the transition from state-owned to mixed-owned enterprises Roberto Cardinale Index

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Book SynopsisReligion and Comparative Development is the first analytical endeavor on religion and government that incorporates microeconomic modeling of democracy and dictatorship as well as empirical linkages between religious norms and the bureaucratic provision of public goods within the framework of survey data analysis and public goods experiments. Moreover, it explores the rising significance of religion in Middle East and post-Soviet politics, as well as in current migration, security and party developments in the United States and Europe alike through these lenses. This book underscores the significance of religion as a crucial factor for political development and economic transformation, suggesting that all world religions can offer pathways to peace and development through different institutional channels. With a multiplicity of methods (statistical modeling, game theory, lab-in-the-field experiments, comparative historical analysis), the author observes how religion impacts political economy and international politics, and not always negatively. This demystification of religion goes beyond the classical discussion on the role of religion in the public sphere and sets the grounds for explaining why some economies are more likely to be democracies and others dictatorships. Researchers, graduate and undergraduate students of economics and social sciences, and faculty members who are interested in cutting-edge research on economics and culture will want this book in their collection. It insights will also be useful for policy-makers, administrators, historians, and civic organizations.Trade Review'Values and norms shape individual behaviour and collective results. And religion or its renunciation is arguably the single most important vehicle of values and norms. Therefore, the influence of religion on political development and economic performance is an important - and complex - topic in social science at least since Max Weber. Theocharis Grigoriadis' point of departure is that the big world religions differ in their valuation of collectivist vs. individualist features of institutions and that these differences matter for the incentives and possibilities of political leaders for modernization. The book brings together concepts and methods from history, political science, and economics and is therefore truly interdisciplinary. Drawing on a remarkable wealth of historical and institutional knowledge, game theoretic models, results from surveys conducted in Russia and Israel, and social lab-experiments in two Siberian cities, respectively, Grigoriadis pin down the role of religion for individual attitudes and decisions. In his foreword, he goes as far as claiming ''that all world religions can offer pathways to peace and development through different institutional channels''. Although my reading of this highly recommendable book did not fully corroborate this optimistic view, the findings certainly shed new and valuable light on the role of religion.' --Jurgen Jerger, University of Regensburg and Leibniz Institute for East and Southeast European Studies'The political economy of religion is a sorely neglected topic, especially in connection to understanding comparative economic development. Grigoriadis employs a rich and interdisciplinary variety of empirical and analytical tools to document the myriad ways that religious beliefs and institutions can influence government administrative structures, public good and modernization policies, and subsequent development paths. The focus on Eastern Orthodoxy, in particular, is a welcome addition to scholarship on long-run economic development in Eastern and Southeastern Europe.' --Steven Nafziger, Williams College, US'How have the values and institutions of the great world religions influenced public policy and its economic outcomes in different countries? In this book Theocharis Grigoriadis offers original concepts and new data for economists and economic historians. Focusing on Europe and the Middle East, the book locates religious cultures on the spectrum from collectivism to individualism, isolates their influences on the type of government, on the degree to which governments are committed to provide for society, and on central versus local provision. The findings break new ground in our ongoing search for the cultural and institutional roots of economic development around the world.' --Mark Harrison, University of Warwick, UKTable of ContentsContents: 1. Dimensionality of Religion 2. Religious Origins of Political Regimes 3. Religious Identity, Local Governance and Public Goods 4. The Political Economy of Russian Orthodoxy 5. Back to the Prussian Origins: Kulturkampf and Comparative Modernization References Conclusions Index

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Book SynopsisDrawing insights from economics and political science, Judging Regulators explains why the administrative law of the US and the UK has radically diverged from each other on questions of law, fact, and discretion. This book proposes an original interdisciplinary theory that integrates the concept of veto-gates into a strategic model of judicial review of administrative action. It argues that long-term changes in the number of effective veto-gates in the US and the UK are the key to understanding the antithesis that emerged between their administrative jurisprudence. It then forecasts the future of Anglo-American administrative law in light of recent destabilizing political developments, such as attempts by the US Congress to abolish Chevron deference and the UK Supreme Court's interventionist decision in R (on the application of Miller) v. The Prime Minister. A crucial overview of the history and future of administrative law, this book is critical reading for scholars and students of public law and comparative law, particularly those focusing on comparative administrative law in common law contexts. Its theoretical insights will also be useful for political scientists and economists interested in judicial politics and regulation.Trade Review'A wonderful example of interdisciplinary comparative scholarship and an extremely insightful analysis of the different trajectories of administrative law in the United States and the United Kingdom. This is a must-read for public law scholars of all kinds.' --Mila Versteeg, University of Virginia, School of Law, USTable of ContentsContents: 1. Antithesis in Anglo-American Administrative Common Law 2. A Veto-gate Theory of Administrative Common Law 3. Law and the Regulatory State 4. Judicial Review of Administrative Statutory Interpretation 5. Judicial Review of Administrative Factfinding and Discretion 6. Closing Remarks Index

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Book SynopsisEvents such as the global financial crisis have helped reveal that the drivers and contours of governance on a national and international level remain a mystery in many respects. This is so despite the ever-increasing complexity and sophistication in the management and understanding of economic, legal and political spheres of global society. Set in this context, this timely Research Handbook is the first to explicitly address the constitutive relationship between law and political economy.With scholarly contributions from diverse disciplinary and geographic backgrounds, this authoritative book provides an expansive overview of the legal architecture of the global political economy. It covers, in three parts, topics surrounding money and markets, the relations of organization, and commodities, land and resources.Scholars and policymakers as well as undergraduate and postgraduate law students interested in the intersection of socio-political, economic, and legal dynamics of governance will find this book a thought-provoking and insightful resource.Contributors: A. Andreoni, G. Baars, S. Bailey, B. Bowring, T.A. Canova, D. Danielsen, J. Desautels-Stein, J. Ellis, A. Gupta, F. Guy, A. Hanieh, I. Isailovi , V. Kishore, R. Kreitner, T. Krever, P. Luff, T. Mahmud, B.N. Mamlyuk, M. McCluskey, R. Míguez, C. Mummé, A. Ng Boyte, Ö. Orhangazi, U. Özsu, A. Rasulov, L. Russi, C. Salom o Filho, P. Skott, J. Toporowski, R.A. Woodcock, L.R. WrayTrade Review'Law creates and regulates our political and economic life. If the legal institutions of citizenship and political authority, property and contract, money and credit, or labor and capital were put together differently, our world might be more equal, productive, democratic, sustainable and just. This terrific collection explores how this might be done. Each essay puts law at the center of a story about political economy and asks how things might be otherwise. Original, broad-reaching and imaginative, these essays will change how you think about the world: what seemed natural and inevitable will seem open to rethinking and remaking. An excellent overview of law's role in contemporary political economy by some of the most creative thinkers in the legal academy today.' --David Kennedy, Harvard Law School, USTable of ContentsContents: 1. Introduction John D. Haskell and Ugo Mattei PART I MONEY AND MARKETS 2. Toward a Political Economy of Money Roy Kreitner 3. The Market as a Legal Concept: Classical Liberalism, Modern Liberalism, Pragmatic Liberalism Justin Desautels-Stein 4. The New Global Dis/Order in Central Banking and Public Finance Timothy A. Canova 5. Neoliberalism, Debt and Discipline Tayyab Mahmud 6. Free Trade and Comparative Advantage: A Study in Economic Sleight of Hand Vishaal Kishore 7. Technology, Power and the Political Economy of Inequality Frederick Guy and Peter Skott 8. Finance and the ‘Real’ Economy: Systemic Complexity, Complex Agencies Luigi Russi 9. Financialization and the Non-Financial Corporate Sector Özgür Orhangazi 10. Debt and Financial Stability Jan Toporowski 11. The Law of Value and the Law Bill Bowring 12. Less Markets: A Critical Analysis of Market Existence and Functioning Calixto Salomão Filho PART II THE RELATIONS OF ORGANIZATION: INDUSTRY, LABOR AND THE STATE 13. Beyond Corporate Governance: Why a New Approach to the Study of Corporate Law is Needed to Address Global Inequality and Economic Development Dan Danielsen 14. The Job Guarantee, Full Employment and Human Rights L. Randall Wray 15. Personal Responsibility for Systemic Inequality Martha McCluskey 16. From the ‘Semi-Civilized State’ to the ‘Emerging Market’: Remarks on the International Legal History of the Semi-Periphery Umut Özsu 17. From the Dutch East India Company to the Corporate Bill of Rights: Corporations and International Law Grietje Baars 18. Mapping the Political Economy of Neoliberalism in the Arab World Adam Hanieh 19. Ending Impunity? Eliding Political Economy in International Criminal Law Tor Krever 20. The Political Economy of Court-Based Regulation Patrick Luff, 21. Law and Development: A History in Three Moments Arpita Gupta 22. The Political Economy of Industrial Policy: After the Crisis, Back on the Agenda Antonio Andreoni PART III COMMODITIES, LAND AND RESOURCES 23. The Empty Circularity of Regulatory Takings: The Legacy of a Legal Realist Critique for a 21st-Century Context Akbar Rasulov 24. Property in Labor and the Limits of Contract Claire Mummé 25. Property Issues in the Indigenous Historical Contexts of Republican Latin America Rodrigo Míguez 26. Indigenous Peoples’ Claims and Challenges Over Control of Property Ivana Isailović 27. Early Soviet Property Law in Comparison with Western Legal Traditions Boris N. Mamlyuk 28. The Architecture of Commons Legal Institutions Saki Bailey 29. Political Economy and Environmental Law: A Cost-Benefit Analysis Jaye Ellis 30. The Propertization of Intellectual Property Alina Ng Boyte 31. Property, Efficiency, the Commons, and Theft Ramsi A. Woodcock Index

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Book SynopsisThe first of its kind, this book critically and systematically addresses questions about China?'s high-speed rail diplomacy and ?'one belt, one road?' initiative. Gerald Chan argues that ?'geo-developmentalism?' is currently being formed in China, and explores its international impact.Understanding China?'s New Diplomacy offers an in-depth examination of how China has risen so quickly to become a high-speed rail superpower, and how this has impacted positively and negatively on other countries, particularly its neighbours in Asia. Chan also highlights the challenges the initiative poses to the state, particularly in balancing these projects to maintain China?'s status as both a land and maritime power. By reviewing the country?'s unique style of state capitalism and its success of absorbing foreign train technology, new developmental methods exclusive to China are revealed. Government officials, foreign policy makers and students with a keen desire to discover more about Chinese foreign policy and international relations would greatly benefit from the expert insight into China?'s geopolitical future.Trade Review'This is an excellent much needed book.' --Kingsley E. Haynes, George Mason University, US'Professor Gerald Chan is a perceptive and thorough scholar, with a highly inventive mind. In this book he brilliantly analyzes China's high-speed railway system and the Belt and Road Initiative, likely to transform all kinds of interactions across the great Eurasian Continent in coming decades. Professor Chan's sober and insightful analysis will also serve as a basis for future research.' --Colin Mackerras, Griffith University, Australia'This is a timely but very original contribution to the field of international political economy and development studies and the study of China's relations with the world. Professor Chan takes the case of the rapid development and internationalization of China's high-speed rail industry to show how Chinese industrial development is organized in the context of the evolving world political economic structure. Theoretically sharp, empirically rich, and policy implications far-reaching.' --Xiaoming Huang, Victoria University of Wellington, New ZealandTable of ContentsContents: Preface 1. Introduction 2. The New Silk Road 3. China’s high-speed rail diplomacy 4. Explaining China’s high-speed rail ‘miracle’ 5. Financing infrastructure projects 6. Assessing Asian responses to ‘one belt, one road’ 7. Theorising ‘one belt, one road’ 8. Conclusion Index

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Book SynopsisProviding critical insight into the globalization of product conception, production, marketing and distribution, this Handbook comprehensively explores the functioning of global value chains (GVCs) and how they shape the global economy. It provides theoretical, analytical and empirically based policy-relevant tools to understand international production and trade in the modern global economy. Written by a multidisciplinary group of leading scholars, this Handbook offers expert guidance on GVC analysis and the relationship between GVCs and governance, power relations, gender, upgrading and international development. The contributors also provide insight into strategy, innovation and learning, highlighting the dynamism and resilience of GVCs, and critically reflect on how GVCs affect inequality and the nature of work and production. Comprising empirically rich and innovative research, this Handbook will be critical reading for advanced undergraduate and master's level students interested in international business, global industries, sustainable development and the governance of global production systems. Academics researching and teaching in these fields will also benefit from this book's broad and comprehensive approach to GVC analysis.Trade Review'Finally, an encyclopaedia of global value chains. This collection of essays establishes the state of the art in knowledge on the industrial form - the GVC - that has transformed capitalism for better and worse and which is at the centre of contemporary scholarship and policy debates on economic development, distributive justice and international trade. This is an essential collection of essays that covers the micro and macro dimensions of the global value chain, including implications for gender equality, technological innovation and social activism. I guarantee that I (and my students) will be using this volume as a go-to reference book for years to come.' --William Milberg, The New School for Social Research, US'This is the book on global value chains. With contributions from many leading lights of the GVC approach, and rising star early career academics, it provides a comprehensive understanding of the analysis of power, governance and distributive outcomes of globalisation in trade and production, and identifies key challenges for GVC research in the 21st century.' --Khalid Nadvi, University of Manchester, UKTable of ContentsContents: Introduction to the Handbook on Global Value Chains Stefano Ponte, Gary Gereffi, Gale Raj-Reichert Part I: Mapping, Measuring and Analyzing GVCs 1. Global Value Chain Mapping Stacey Frederick 2. Global Value Chain Analysis: A Primer Karina Fernandez-Stark, Gary Gereffi 3. Measuring Global Value Chains Timothy Sturgeon 4. Global Value Chains and Quantitative Macro-Comparative Sociology Matthew C. Mahutga 5. Modelling Global Value Chains: Approaches and Insights from Economics Davin Chor Part II: Governance, Power and Inequality 6. Governance and Power in Global Value Chains Stefano Ponte, Timothy Sturgeon and Mark Dallas 7. Governance and Upgrading in Global Cultural and Creative Value Chains Joonkoo Lee and Minjung Lee 8. Rents and Inequality in Global Value Chains Raphael Kaplinsky 9. On Value in Value Chains Elizabeth Havice, John Pickles 10. Global Value Chains and Uneven Development: A Disarticulations Perspective Marion Werner, Jennifer Bair 11. Contestation and Activism in Global Value Chains Florence Palpacuer 12. Bringing the Environment into GVC Analysis: Antecedents and Advances Liam Campling, Elizabeth Havice 13. Sustainability, Global Value Chains and Green Capital Accumulation Stefano Ponte Part III: The Multiple Dimensions of GVC Upgrading 14. Economic Upgrading in Global Value Chains Gary Gereffi 15. Measuring and Analyzing Services in Global Value Chains Patrick Low 16. Social Upgrading Ariana Rossi 17. Corporate Social Responsibility in Global Value Chains Peter Lund-Thomsen 18. Livelihood Upgrading Jeff Neilson 19. Environmental Upgrading in Global Value Chains Valentina De Marchi, Eleonora Di Maria, Aarti Krishnan, Stefano Ponte 20. Gender Dynamics in Global Value Chains Stephanie Barrientos Part IV: Strategy, Innovation and Learning 21. Firm-level Strategy and Global Value Chains Mari Sako, Ezequiel Zylberberg 22. The Role of Transnational first-tier Suppliers in GVC Governance Gale Raj-Reichert 23. Innovation in Global Value Chains Rasmus Lema, Carlo Pietrobelli, Roberta Rabellotti 24. Local Firm-level Learning and Capability in Global Value Chain Cornelia Staritz, Lindsay Whitfield 25. Local Clusters and Global Value Chains Eleonora Di Maria, Valentina De Marchi, Gary Gereffi 26. International Business and Global Value Chains Noemi Sinkovics, Rudolf R. Sinkovics 27. Supply Chain Management and Global Value Chains Ruggero Golini, Matteo Kalchschmidt Part V: International Development and Public Policy 28. Compressed Development Timothy Sturgeon, D. Hugh Whittaker 29. GVCs and Development: Policy Formulation for Economic and Social Upgrading Penny Bamber, Karina Fernandez-Stark 30. Economic Upgrading through Global Value Chain Participation: Which Policies increase the Value added Gains? 31. Industrialization Paths and Industrial Policy for Developing Countries in Global Value Chains Victor Stolzenburg, Daria Taglioni, Deborah Winkler 32. International Trade Policy and Global Value Chains Shamel Azmeh 33. Public-Private Partnerships in Global Value Chains Ajmal Abdulsamad, Hernan Manson 34. The Roles of the State in Global Value Chains Rory Horner, Matthew Alford 35. International Development Organizations and Global Value Chains Frederick Mayer, Gary Gereffi Epilogue Gale Raj-Reichert, Gary Gereffi and Stefano Ponte Index

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Book SynopsisThis ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate. The Neoliberal Paradox challenges the standard interpretations of neoliberalism that focus on limited government and free markets. Instead, Ray Kiely reveals the ways in which the neoliberal project is reliant on state power. The history and application of neoliberalism is discussed from the Austrian and ordo-liberal schools in the 1930s and the Chicago School after 1945, through to developments such as the New Right and the third way, before finally considering the impacts of the financial crisis of 2008, the rise of Trump and Brexit. By exploring the full breadth of neoliberal theory and practice, in addition to the arguments of key thinkers, Kiely explores how neoliberalism has renewed itself in times of crises and turns his gaze towards the future.This book will provide a stimulating read for academics and advanced students in the fields of politics, human geography and sociology, in addition to those working in the public sector.Trade Review'This is a unique and uniquely valuable book. Ray Kiely provides a forensic examination of neoliberal thought between the early 20th century and Donald Trump. The thinkers who dreamed up the world in which we live today are exposed as never before, and the social, political and economic theories that have supported neoliberalism and informed neoliberal policymaking are explained in beautiful prose. This book is essential for anyone working on, around, or against neoliberalism.' --Afredo Saad Filho, SOAS University of London, UK'Tired of neoliberalism? Think its over? Ray Kiely's new book not only explains better than any other what neoliberalism is, where it came from and how it operates through what he calls the 'inverted totalitarianism' of the economic domination of politics, it brilliantly analyzes how it has persisted through its own crisis over the decade since 2008, reinforced by the very bureaucratic state that it so paradoxically disparages. A truly indispensable book for our troubled times.' --Leo Panitch, York University, Canada'What a great read. In a highly laudable feat of characteristically lucid and detailed writing, Ray Kiely takes us behind the scenes of contemporary neoliberalism to show us how the world came to be recast in this way. If you think you already know all there is to know about these dynamics, think again. There will be lots new here for even the most hardened historian of neoliberal thinking. A must-read.' --Matthew Watson, University of Warwick, UKTable of ContentsContents: 1. Introduction Part I History and Theory 2. History and the crisis of liberal modernity: mass society and the crisis of the 1930s and 1940s 3. Neoliberalism and the crisis of liberal modernity in the 1930s 4. The second crisis of liberal modernity, the Chicago School and the rise of the New Right 5. Neoliberal theory: the core ideas Part II History and Practice 6. Neoliberalism in practice I: the 1980s 7. Neoliberalism in practice II: the 1990s to 2008 Part III Theory and Practice 8. Neoliberalism and the 2008 financial crisis 9. Actually existing neoliberalism I: post-politics and the new spirit of capitalism 10. Actually existing neoliberalism II: bureaucracy, corporate rule and the asset economy 11. Actually existing neoliberalism III: global competitiveness and inequality 12. Neoliberal theory assessed: the core ideas revisited 13. Conclusion: definitions, paradoxes and futures of neoliberalism Index

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Book SynopsisThis book's eminent editors and contributing authors provide an accessible and engaging account of the 'new' politics of corporate taxation, highlighting the complex and multidimensional strategies used by activists to influence public opinion, formal regulation and corporate behaviour. While campaigning is successful at exposing tax avoidance, it presents significant governance challenges. As this book reveals, the battle to establish fair and sustainable corporate tax regimes has only just begun.Chapters offer readers a timely assessment of the emerging role of new tax justice NGOs, the media and whistleblowers, as well as new governance strategies and policies targeting multinational corporations. Through the lens of political science, the authors show how civil society organisations shape the agenda of tax practices of the world's largest and most powerful corporations, including examples such as Apple and Google. A detailed evaluation is given of new private governance initiatives in the international tax arena and their relationship with traditional forms of regulation. Looking closely at the wider significance of the debate in contemporary global governance, academics and graduates in the fields of international political economy, global governance, development studies and taxation will find this book a timely and thought-provoking read.Contributors: A. Christians, R. Eccleston, A. Elbra, F. Gale, L. Johnson, A. Kellow, L. Latulippe, J. Mikler, H. Murphy-Gregory, T. Porter, K. Ronit, L. Seabrooke, L. Smith, J. Van Alstine, D. Wigan, R. WoodwardTrade Review'Multinational tax evasion entrenches economic inequality and deepens social divisions. This timely book provides the definitive contribution to understanding the challenges of the current corporate tax debate and presents a roadmap towards global tax reform that strengthens domestic economies, promotes social justice and fosters international economic development.' --Hon. Wayne Swan MP, Former Treasurer and Deputy Prime Minister of AustraliaTable of ContentsContents: Introduction: Business, Civil Society and the Politics of Corporate Tax Justice: Paying their Fair Share? Ainsley Elbra and Richard Eccleston Part I 1. The Evolution of the International Corporate Tax Regime, 1920-2008 Richard Woodward 2. BEPS and the New Politics of Corporate Tax Justice Richard Eccleston 3. Activism and the ‘New’ Politics of tax Justice Ainsley Elbra Part II 4. Tax Justice Activists in Global Wealth Chains Leonard Seabrooke and Duncan Wigan 5. Private Regulatory Approaches and International Tax Policy Aynsley Kellow 6. Large Accounting Firms and Tax Planning in a ‘Fair Tax’ Era Lynn Latulippe 7. Paying a ‘Fair Share’: Multinational Corporations’ Perspectives on Taxation John Mikler and Ainsley Elbra Part III 8. The Role of Private Actors in the International Tax Policy Process: Towards a Conceptual Framework Tony Porter and Karsten Ronit 9. The EITI and Fair Taxation: Exploring the Linkages James Van Alstine and Laura Smith 10. Tax Justice as Social License: The Fair Tax Mark Allison Christians 11. The Legitimacy of Private Standards: Lessons from Fair Trade and Forestry for International Tax Governance Fred Gale and Hannah Murphy-Gregory 12. Whistleblowing and Investigative Journalism: Reputational Damage and the Private Governance of Aggressive Tax Planning Lachlan Johnson Conclusion: Business, Civil Society and the Politics of Corporate Tax Justice: Paying their Fair Share? Richard Eccleston and Ainsley Elbra Index

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Book SynopsisThe political and symbolic centrality of capital cities has been challenged by increasing economic globalization. This is especially true of secondary capital cities; capital cities which, while being the seat of national political power, are not the primary economic city of their nation state. David Kaufmann examines the unique challenges that these cities face entering globalised, inter-urban competition while not possessing a competitive political economy.Varieties of Capital Cities offers empirically rich case studies of four secondary capital cities: Bern, Ottawa, The Hague, and Washington, D.C. Analysed with an innovative research framework, this book shows through its clearly structured analysis, that while the pressures facing these cities are the same, the mechanisms they employ to cope with them are very different. They have formulated a wide variety of policies to supplement their capital function with economically promising profiles, even though they cannot escape their destinies as government cities.This book is an impressive contribution to an area of study largely neglected by urban studies, political science, and economic geography. With vital lessons for urban policy makers, the interested practitioner will find a pool of inspiration for their urban strategies. Students and scholars of these subjects will find this book interesting, and will also find it invaluable as a lesson for how to develop and execute comparative case studies.Trade ReviewVarieties of Capital Cities provides a thorough and sweeping assessment of the ways four leading capital cities struggle to control their economic destinies through public locational policies. In a trenchant analysis of the economic, governmental and social forces that influence national capital enclaves, Kaufmann vividly highlights how and why local politics matters in shaping where they are headed in our globalizing urban world. This volume constitutes a major contribution to the study of comparative urban economic development and public policy.' --Paul Kantor, Fordham University, US'The urban world is ours and also the object of Varieties of Capital Cities, an analysis of secondary capital cities, a crucial unit in our understanding of this urban planet. David Kaufmann analyses, interrogates, reflects on four cases of secondary capital cities, those capitals that are not the economic powerhouse of their county. The detailed case studies of Bern, Ottawa, The Hague and Washington D.C. are wonderful examples of how to do case studies. Kaufmann spent several months in each of the four capitals, interviewing, reading documents but also just getting a feeling for the cities. For all these reasons, Varieties of Capital Cities is a book you want to own.' --Caroline Andrew, University of Ottawa, Canada'Drawing on very rich and detailed case studies in Bern, Ottawa, The Hague and Washington D.C., this book examines locational policies by secondary capital cities. Beyond fascinating empirical insights, David Kaufmann's rigorous analysis also offers new theoretical guidance for the study of urban strategies in the face of global competition. Emphasising the ''game-changing'' role of local tax systems, his study buttresses the importance of hard institutional variables in cross-national urban research. I strongly recommend it to scholars interested in urban economic development policies more generally.' --Daniel Kubler, University of Zurich, SwitzerlandTable of ContentsContents: Preface and acknowledgements 1. Introduction: the competitiveness challenge for secondary capital cities 2. How to study locational policies in secondary capital cities: an interdisciplinary analytical framework 3. The cases under scrutiny 4. Bern: the government city 5. Ottawa: the fragmented city 6. The Hague: the international government city 7. Washington, D.C.: the capital of the free world 8. Comparing locational policies in secondary capital cities 9. Conclusion: understanding the variety of locational policies in secondary capital cities Appendix: Data and Methodology References Index

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Book SynopsisThis book presents a general theory of the economics of prosperity. Drawing upon both historic and contemporary Austrian economic thinking, it looks beyond merely identifying various isolated causes of economic growth and development to describe and explain the process of economic progress. It brings together various economic principles related to production, exchange, the market division of labor, capital, technology, entrepreneurship, and economic calculation, and a further understanding of how different institutional settings and specific policies all affect the process of economic progress. It also provides a helpful critique of modern growth theory.The author argues that economic prosperity is not monocausal. It is the happy consequence of a highly developed division of labor, taking advantage of an expanding capital structure, embodied in technically advanced capital goods, all wisely invested by entrepreneurs. All these sources of prosperity require the social institutions of private property and sound money to function well together, facilitating economic progress and human civilization.The Economics of Prosperity provides a comprehensive explanation of the myriad of factors influencing economic growth and development for scholars, policy makers and economists.Trade Review‘The Economics of Prosperity marvellously shows the way in which the main concepts of Austrian economics are connected with one another, and readers of the book will get a good sense of the power of Austrian causal-realist analysis.’> -- David Gordon, Quarterly Journal of Austrian Economics‘A brilliant synthesis of Austrian theories of markets, capital, entrepreneurship, and institutions along with an insightful critique of modern growth theory. Ritenour shows how economic development results, not from the deus ex machina of exogenous technological innovation, but from gradual improvements in productivity driven by savings, capital accumulation, and an increased division of labor. He rightly emphasizes private property, sound money, and free markets as necessary preconditions for a healthy and prosperous economy and society. Highly recommended!’ -- Peter G. Klein, Baylor University, Director, John F. Baugh Center for Entrepreneurship and Free Enterprise, US‘The Economics of Prosperity is a very important and most notable book that, based on the concept and implications of the entrepreneurially driven dynamic efficiency, opens a truly new era in the field of development economics. The book is very well written and extremely clear and should be read not only by every student of economics but also by everyone interested in how to fight poverty in the 21st century.’ -- Jesús Huerta de Soto, King Juan Carlos University, Madrid‘Professor Ritenour explains why a prosperous and growing economy requires an institutional and cultural framework that encourages entrepreneurship. Economists often emphasize investment and technological developments, insufficiently recognizing the importance of the creative activity of entrepreneurs. Ritenour clearly describes the ingredients that are necessary to produce prosperity.’ -- Randall G. Holcombe, Florida State University, USTable of ContentsContents: Introduction to The Economics of Prosperity 1. Human action and the economic order 2. The market division of labor 3. Capital 4. Technology 5. Entrepreneurship 6. Modern growth theory 7. Market institutions 8. Development policy 9. Coda: The conclusion of the matter Works cited Index

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Book SynopsisEconomic democracy is essential for creating a truly democratic political sphere. This engaging book uses Marxist theory to hypothesise that capitalism is not a democratic system, and that a modern socialist system of producer cooperatives and democratically managed enterprises is urgently needed. A New Model of Socialism focuses on the current crisis of the political Left, a result of the collapse of the Soviet model of society and the decline of statism and kingship. Bruno Jossa expands on existing theories to explore Marx?s notions on economic democracy in a modern setting. He advocates a move away from the centralised planning form of economic socialism towards a self-management system for firms that does not prioritise the interests of one class over another, in order to achieve greater economic democracy. It is argued that the establishment of such a system of democratic firms is the precondition for reducing intervention in the economy, thus enabling the State to perform its ultimate function of serving the public interest. This timely book is ideal for advanced scholars of Marxist, radical and heterodox economic theory, as well as academics with an interest in the rise of socialism in our modern world. Indeed, it will also be of value to all those seeking a viable and practical alternative to existing capitalist and socialist thinking.Trade Review'A well researched and well argued book that presents a refined analysis of some difficult issues on socialism and industrial democracy. By taking advantage of the research developed by various important economists on the labour-managed firms, and revising Marxism in the light of this literature, Bruno Jossa offers us a reasonable and appealing proposal about how to construct a post-capitalist society capable of rescuing contemporary societies from the stranglehold of globalized capitalism.' --Ernesto Screpanti, University of Siena, Italy'Deeply suggestive and intellectually challenging, Jossa's book proposes the market socialism model as a viable solution to the shortcomings of present day global capitalism. From the premise that socialism can be established by peaceful means and with non centralized planning, the author shows how by democratizing the economic sphere by means of a system of labour-managed enterprises, it is possible to enhance a vibrant political democracy. Jossa's arguments are powerful and should interest anybody seriously involved in the wealth and health of nations.' --Stefano Zamagni, University of Bologna and Johns Hopkins University, ItalyTable of ContentsContents: 1. Production Modes, Marx’s Method and the Feasible Revolution 2. The Coopererative Firm as an Alternative to the Capital-owned Business Enterprise 3. A Few Advantages of Economic Democracy 4. Marx, Marxism and the Cooperative Movement 5. Recent Criticisms of the Labour Theory off Value: The Democratic Firm and Marxism 6. Further Reflections on Links between Marxism and Producer Cooperatives 7. Some Critics of Labour Management 8. The Labour-managed Firm and Socialism 9. The Evolution of Socialism from Utopia to Scientific Producer Cooperative Economics 10. The Democratic Firm in the Estimation of Intellectuals 11. An Involuntary Antagonist of History and Progress Index

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Book SynopsisMalcolm Torry explores Citizen's Basic Income - an unconditional income for every individual - moving the reader from a basic understanding of the concept to an in-depth recognition of its wide-ranging implications. Torry examines debates around the desirability, feasibility and implementation of a Citizen's Basic Income, and how this idea is becoming increasingly widespread. This Modern Guide presents a comprehensive treatment of Citizen's Basic Income, first offering insight into the language surrounding it, and moving through a number of key disciplinary perspectives, including sociology, politics, economics and law. Each chapter discusses an academic discipline, looking at relevant aspects of the debate to understand how the discipline enhances knowledge of Citizen's Basic Income, and how discussion around the topic can contribute to the academic discipline. Containing detailed case studies in each chapter, this book will be helpful to a wide variety of scholars and students wanting a broader knowledge of Citizen's Basic Income. It will also be useful to policymakers who wish to engage in the debate on the potential benefits and drawbacks of a Citizen's Basic Income.Trade Review‘Malcolm Torry’s A Modern Guide to Citizen’s Basic Income is a welcome addition for any student of this concept. Torry maintains an objective balance in analysing the merits of the concept and he addresses many of the critiques levelled against it throughout the book. One of the truly refreshing aspects of this book is the heterodox treatment applied in attempting to understand and critique the idea of CBI.’ -- Arya Pillai, International Review of Public Policy‘Malcolm Torry is one of the most prolific, well-rounded, and knowledgeable researchers in the field of Basic Income. No one is better placed to write a multidisciplinary guide to the topic.’ -- Karl Widerquist, Georgetown University, Qatar'Malcolm Torry has been at the forefront of the British campaign for a universal basic income for more than 30 years. This new book explores how twelve academic disciplines - from ethics and psychology to history and law - shed light on the idea. For students and researchers looking to engage with the growing debate on UBI, Torry's book provides a very good place to start.' --Peter Sloman, University of Cambridge, UK'Malcolm Torry is one of the most prolific, well-rounded, and knowledgeable researchers in the field of Basic Income. No one is better placed to write a multidisciplinary guide to the topic.' --Karl Widerquist, Georgetown University, Qatar'Amid the recent explosion of scholarship on basic income Malcolm Torry has found a novel approach to exploring its theory and practice: an exploration of basic income through different disciplinary perspectives.' --Almaz Zelleke, New York University Shanghai, ChinaTable of ContentsContents: Preface 1. Introduction to a multidisciplinary study of Citizen’s Basic Income 2. The language of Citizen’s Basic Income 3. Histories of Citizen’s Basic Income 4. The ethics of Citizen’s Basic Income 5. The economics of Citizen’s Basic Income 6. The psychology of Citizen’s Basic Income 7. The social psychology of Citizen’s Basic Income 8. The sociology of Citizen’s Basic Income 9. Citizen’s Basic Income as social policy 10. The social administration of Citizen’s Basic Income 11. The politics of Citizen’s Basic Income 12. The political economy of Citizen’s Basic Income 13. The law of Citizen’s Basic Income 14. Conclusion Bibliography Index

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Book SynopsisAll Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when households, businesses, financial institutions and the public sector in some countries strained to generate sufficient income for debt service. The stagnation and fall in asset prices that followed began the process of unwinding that led to a run on the financial sector by the financial sector. This engaging examination describes critical developments that changed the structure of US financial markets as well as developments and innovations in US credit markets that created the context for crisis. It discusses the advent of dollar hegemony, the critical role of international reserves in generating credit, the emergence of the debt bubble in the 1980s and the mounting risks of debt in the new millennium. The author also proposes a systemic approach to monetary control, offering two new reform proposals. The analysis concludes that reforms are needed in order to support sustainable economic activity in the US and global economies. This volume will appeal to students and scholars of economics interested in international finance and banking, financial regulation and monetary policy implementation. It will also be of interest to business economists, lawyers, policymakers and journalists concerned with the effects of financial instability and involved in ongoing debates on financial and monetary reform.Trade Review‘This book provides a comprehensive assessment of how the monetary and financial system was transformed in the US during the last 50 years.’ -- Gökçer Özgür, Review of Keynesian EconomicsTable of ContentsContents: 1. Introduction and Summary Part I: The Unraveling of the 1930s-Era Framework 2. The Euro Market Erodes US Financial Structure 3. Commercial Paper Guarantees and the Emergence of a Parallel Banking System 4. ERISA Moves Savings into Securities Markets Part II: Deregulation and Financial Innovation Create the Context for Crisis 5. An Overview of Financial Restructuring and its Consequences 6. Securitization 7. Weaving the Web of Interconnectedness 8. Opaque Markets and Opaque Balance Sheets 9. Growing Concentration Leads to "Too Big to Fail" 10. Regulating the Post-Crisis System 11. Mending the Financial Safety Net for Savers Part III: The Advent of Globalization 12. Dollar Hegemony 13. Foreign Exchange Reserves 14. An Overview of Developments in Global Financial Markets in the 1990s Part IV: Building Toward Crisis in the Global Economy 15. Concerns and Warnings 16. Crises in the Periphery of the Global System 17. Liquidity Expansion in the Period Before the Crisis Part V: Debt and the Collapse of Monetary Control 18. The Failure to Halt the Emergence and Growth of the Debt Bubble 19. Rising Imbalances in Credit Flows 20. Mounting Risks of the Continuing Debt Bubble in the New Millennium 21. How Eroding Monetary Tools Facilitated Debt Creation 22. Monetary Tools: What They Are and How They Function 23. The Inability of Capital Requirements to Prevent or Moderate Financial Crises 24. How Crisis Reshaped the Monetary Toolkit Part VI: An Agenda for Monetary Reform 25. Introducing a Systemic Approach 26. Creating a System-wide Asset-based Reserve System 27. Implementing Policy Under the Current and Proposed Systems 28. Implications of the Proposed System for the Conduct of Policy Part VII: Reforming the Privatized International Monetary System 29. Can Special Drawing Rights Replace the Dollar and Other National Currencies as a Reserve Asset? 30. Restructuring Flows of Private International Investment into Emerging and Developing Economies 31. Reforming the International Payments System Part VIII: Conclusion 32. Building Toward Crisis in the Global Economy — Again Bibliography Index

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Book SynopsisThis timely book is devoted to the advance of post-Keynesian economics, covering the last ten years of persistent and nuanced disparities in many dimensions of macroeconomic 'reality'. Taking a pluralistic approach to modern Keynesian economics, the book presents innovative contributions to methodology, analyses of financialization and macroeconomic modeling. It explores how to model a complex macro-system at a time when economic uncertainty is dominant. Rich case studies examine increasing macroeconomic imbalances, paving the way for a better understanding of the political challenges of the future. With chapters dedicated to teaching macroeconomics, the book adopts a practical stance, exploring the notion of moving away from mathematical modeling towards problem-based learning. Provocative and comprehensive, this book is crucial reading for all macroeconomists, from academic researchers to ministerial officials, seeking guidance on dealing with macroeconomic 'reality'. Postgraduate students of heterodox economics and political economy will also benefit from the innovative contributions of top post-Keynesian scholars, offering an alternative understanding of contemporary macroeconomic theory. Trade Review'Progressive Post-Keynesian Economics exemplifies beautifully the badly needed approach to economic theory and policy, which starts from real-life economic problems and is open to genuine dialogue with other approaches and social sciences. Discussing many key aspects of post-Keynesian theory, policy and teaching in an open-minded and realist manner, this book provides solid building blocks for a 21st century political economy that integrates insights and draws conceptions from a diversity of approaches. The era of one-sided abstract mathematical modelling that is detached from reality yet often functions as free-market ideology is over. Highly recommended!' --Heikki Patomäki, University of Helsinki, FinlandTable of ContentsContents: Introduction 1. Opportunities and Challenges for Post-Keynesian Economics? Sheila Dow 2. Challenges for Post-Keynesian macroeconomics: a behavioural and structuralist perspective Peter Skott 3. The Microfoundation and Autonomous Agents: G.L.S. Shackle as a front-runner to Progressive Post-Keynesian Economics Greg Hill 4. Ergodicity/Non-ergodicity or else? Finn Olesen 5. Schumpeter and Keynes after the Financial Crisis: Progressive Post-Keynesian opportunities? Stefan Voss 6. Financialisation and the dysfunctional nature of the financial system Malcolm Sawyer 7. Recognition of early financialisation in the writings of John Maynard Keynes Diego Guevara, Apostolos Fasianos and Christos Pierros 8. Central Bank Independency and the Idea of Money Neutrality: Re-considering the theoretical link Ulas Sener 9. A Post-Keynesian model of the balance of payments crisis Hamid Raza, Mikael Randrup Byrialsen, Bjorn Runar Gudmundsson and Gylfi Zoega 10. Stagnation policy in the Eurozone and Post-Keynesian economic policy alternatives Eckhard Hein 11. Problem-Based Learning and Mainstream Economics: Post-Keynesian Economics to the rescue? Jan Holm Ingemann and Poul Thøis Madsen 12. Teaching macroeconomics: how to benefit from Problem-Based Learning Mogens Ove Madsen and Finn Olesen 13. Do not blindly trust economists Mogens Lykketoft Index

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Book SynopsisExploring how infrastructure is - and can be - used by states as part of their territorial strategy, this timely book examines how core economic infrastructures including transport, energy, information and water support states' territorial objectives. Colin Turner analyses each of these infrastructures, looking at the main adaptive tensions acting both upon them and upon national infrastructure systems (NIS) as a whole. Offering a holistic view on NIS, the book deciphers how states engage in infrastructuring as a means of securing and enhancing their territoriality. Assessing the role that both hard and soft infrastructure systems play, chapters highlight how these can enable and be supported by economic infrastructures. Turner conceptualises the National Information Infrastructure System, looking at the pressure upon infrastructure to retain its capability to support and enable a state's territorial strategy. Public policy and regional studies scholars will appreciate the integrated approach to NIS offered in this book. It will also be beneficial to policy makers looking to better understand debates on policy design around NIS, and practitioners implementing these systems.Trade Review'If you want to get a comprehensive and in-depth understanding of the nature of infrastructure then I thoroughly recommend you read this book. In this work, Colin Turner strikes a well-crafted balance between conceptual and empirical insights into various aspects of this subject. He also provides very useful analyses on how different elements of national infrastructure systems interact and intersect with each other, and examines infrastructure development at various geo-spatial scales. His main conclusions are neatly brought together and articulated around the concept of the infrastructure state. Colin Turner's book is an essential read for those who wish to better understand our increasingly inter-connected world.' --Christopher M. Dent, Edge Hill University, UKTable of ContentsContents: 1. The State and Its Infrastructure System 2. National Transportation Infrastructure 3. National Information Infrastructure 4. National Energy Infrastructure 5. National Water Infrastructure System 6. Soft Infrastructure 7. Social Infrastructure 8. Conclusions: The Infrastructured State Index

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Book SynopsisFor most economists, 'Austrian economics' refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Socialist in spirit but too diffuse to be described as a single school of thought, it shares a common conviction that the market, while possibly a good servant, is a very poor master. Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, this unique book analyses the work and impact of many leading Austrian economists. Beginning with the Austro-Marxist theorists Otto Bauer and Rudolf Hilferding and moving through to the new generation of social democratic economists, most prominently Kurt Rothschild and Josef Steindl, The Alternative Austrian Economics provides insight into the history and evolution of socialist economics in Austria. Offering a previously underrepresented discussion of a century of Austrian socialist economics, this engaging book will prove to be of great value to Marxian and heterodox economists, historians of economic thought and political scientists interested in political economy.Trade Review'Economists associate the Austrian school with the free market classical liberal ideas of Ludwig von Mises and Friedrich Hayek, Professor King describes the ideas of another group of Austrian economists: Marxists who were active in Vienna in the early twentieth century, and later Austro-Marxists who built on their work. King's book is a delightful description of this intellectual community, and explains how their work was designed to be an extension and updating of Marx's ideas.' --Randall G. Holcombe, Florida State University, USTable of ContentsContents: 1. Introduction 2. ‘Red Vienna’ and the Roots of Austro-Marxism 3. The Young Rudolf Hilferding 4. Otto Bauer 1904-1914 5. The Economics of Socialism 6. Otto Bauer 1917-1938 7. Other Voices 8. The Heirs. I: Josef Steindl 9. The Heirs. II: Kurt Rothschild 10. What is Left Bibliography Index

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Book SynopsisAcclaim for previous edition:'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of convergence, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.'- Robert O. Keohane, Princeton University, US Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Now in its second edition, Benjamin J. Cohen's introduction provides a comprehensive and up-to-date global survey of the field of international political economy. With detailed discussions regarding the divergent paths of different schools of thought in the field, this unique guide explores the links between contending factions. This Advanced Introduction gives students access to the multiple analytical styles and traditions of all perspectives in this rich field of study. Key features of the second edition: ? Concise introduction to the field in an accessible, non-technical form updated with the most recent discussions in IPE? Further in depth analysis of the most established American and British schools of IPE? Extended discussion of other key regions contributing to IPE, including Continental Europe, Latin America, Australia, Canada and China. Written in a concise and dynamic style, this Advanced Introduction serves as a thoughtful entry point text for advanced undergraduate and graduate students, as well as being an excellent go-to resource for scholars specializing in international political economy.Trade ReviewAcclaim for previous edition:'There is no better guide through the terrain of international political economy. Jerry Cohen has been a major contributor since the contemporary field emerged in the late 1960s at the intersection of international relations and international economics. He remains a superbly clear writer with first-hand knowledge of the key developments in what is now a truly global discipline. I recommend this book enthusiastically for introductory courses at the undergraduate or graduate levels.' --Louis W. Pauly, University of Toronto, Canada'A concise, readable and deeply informed survey of different approaches to international political economy. Essential reading for students in the field. Even advanced professionals will appreciate the diversity of perspectives examined. Cohen aims to create a more open field of IPE that appreciates and learns from difference. This book is a major contribution towards that goal.' --David A. Lake, University of California, San Diego, US'Jerry Cohen occupies that rare position from which, when he defines a field, other people sit up and take notice. Here, his experience, insight and vision are brought to bear on how best to define international political economy (IPE) for students who are already familiar with its basic subject matter. Written with his usual panache and in his usual engaging prose, this is a must-read book for both advanced students of IPE and the people who teach them.' --Matthew Watson, University of Warwick, UKTable of ContentsContents: 1. Introduction 2. The American school 3. America’s “Left-Out” 4. The British school 5. Britain’s “Far-Out” 6. Continental Europe 7. Latin America 8. China 9. The geography of IPE 10. What have we learned? Index

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Book SynopsisBased on the synthesis of a large empirical and theoretical literature on center-region relations in China and Russia, Federalism in China and Russia is one of the first attempts to integrate this literature from different disciplines into a coherent common framework. Libman and Rochlitz argue that the divergence in growth performance between Russia and China can be - at least partially - explained by a number of features of the Chinese system of center-regional relations. The authors offer a comparative analysis of the development of center-region relations in Russia and in China and explore several dimensions of these relations: fiscal ties and incentives; bureaucratic practices; flows of information; and local government practices, while addressing the determinants of divergence between both countries. They also examine how the Chinese system has recently started to change, by adopting several features of the Russian model, which might be one of the reasons for China's declining growth performance in recent years. Federalism in China and Russia should be read by scholars in public economics, political economy and comparative politics, as well as by students and policy analysts. For scholars, the book serves as a point of reference in studying the comparative evolution of the two countries. It will enrich the discussion on fiscal federalism, center-region relations and sub-national political regimes, and could potentially become an important part of syllabi in political economy, public economics and comparative politics courses. For policy analysts, the book offers a comprehensive survey of the evolution of center-periphery relations of the two countries and the differences between them, which is important to better understand the overall development of Russia and China.Trade Review'Alexander Libman and Michael Rochlitz provide an important analysis of why some Chinese regional, county, city, township and village governments have generated economic success allowing China s economy to grow at remarkable rates for more than three decades. In comparison, Russia managed significant growth only during the period of high oil prices (2000-08). With Vladimir Putin's hyper-centralization, most Russian regions have been stifled and stymied rather than supported. The authors describe how China managed to generate an institutional system supporting a successful decentralized economy, while noting that China s solution is far from perfect and its stability is not guaranteed.' --Harley Balzer, Professor Emeritus, Georgetown University, USTable of ContentsContents: 1. Introduction 2. Fiscal federalism 3. Bureaucratic incentives 4. Information, monitoring and control 5. The local state 6. Logic of divergence 7. Conclusion References Index

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Book Synopsis'The thoroughgoing disaster inflicted on the global economy in 2008 by the gambling of the financial system should have resulted serious sanctions for financial actors and the jettisoning of any belief in the efficacy and fairness of the neoliberal regime. But the tepid action of policy makers has allowed the system to muddle through and undermined any remaining trust and faith among the polity. It is not hard to see the breakdown of political stability across the world in the last two to three years as resulting direct from the justified belief that the rules of the global economy favor the very few. In this book, a group of critical scholars painstakingly identify and illuminate key aspects of the global financial system that continue to reinforce global inequalities of power and that contribute to dangerous political and economic instability. Through a series of thorough case studies ranging from the macroeconomic instability engendered by untrammeled capital flows, to the way sovereign debt restructuring favors northern creditors, to the hierarchy of the monetary system that concentrates enormous power in the hands of a few central banks, these studies throw light on the ways global financial neoliberalism and political and social power work to undermine macroeconomic stability and social justice. It will be read by serious scholars of the political economy of finance with great interest.'- Arjun Jayadev, Azim Premji University, India and Institute for New Economic ThinkingThe essays in this book describe and analyze the current contours of the international financial system, covering both developed and developing countries, and focusing on the ways in which the current international financial system structures and is affected by profound inequalities in the international system. This keen analysis of key topics in international finance takes a heterodox perspective, with focus on the role of inequalities in power in shaping the structure and outcomes in the international sphere.The Political Economy of International Finance in an Age of Inequality begins with a discussion of capital flows and financial crisis, moves into an up-to-date discussion of the political economy of currency unions, and then focuses on analysis of capital flows and economic crises. New and established academics present a broad variety of special case studies within that general framework focusing on understudied yet important up to date cases from understudied regions and countries for a unique and important exploration of the field.This book will be of interest to students and specialists in international finance, who will benefit from the combination of the strong general framework and illustrative case studies. Its approach will appeal both to generalists and specialists.Contributors include: M. Arora, E. Braunstein, H. Comert, D. Dutt, N. Eichacker, G. Epstein, I. Grabel, S. Khalil, M. Majd, F. Perez, L.D. Rosero, Z. YbrayevTrade Review'This volume is a must read for everyone interested in the problems posed by the dollar-based international financial system for countries on the periphery of the world economy. The countries in question must first exchange their ''soft'' domestic currencies for ''hard'' currencies like the dollar before they can purchase goods, services, and assets in international markets. The authors of this volume offer a series of expert, well-researched, and critical analyses of the policies they can pursue to ensure greater equality and stability under these circumstances.' --Edwin Dickens, Saint Peter's University, US'This important book expands the discussion of developments in international finance to take into account the power relations between countries that issue hard or soft currencies. It makes clear that the destructive power of large financial institutions has not abated and the impact of their speculation on developing and emerging market countries has intensified. While the book notes some positive trends such as the growing acceptance of the need for capital controls, the ongoing problem remains: the global economic architecture created by US dollar hegemony perpetuates instability and pervasive inequality within these countries and in their relations with the rest of the world.' --Jane D'Arista, University of Massachusetts Amherst, US'A much needed volume on the developments in the international financial system in the post-2008 crisis era. Through a combination of theoretical analyses and case studies, it uncovers the underlying economic and power structures in international finance and puts the inequalities in the global economy into perspective by focusing on institutions and power relations. The thought-provoking contributions to this volume are essential reading for researchers, students and policymakers and an ideal starting point for further research.' --Ozgur Orhangazi, Kadir Has University, TurkeyTable of ContentsContents: 1. Introduction Gerald A. Epstein Part I Capital Flows and Financial Crises 2. Financial Crises Among Emerging and Developing Economies in the Modern Era: A Brief History and Some Stylized Themes Elissa Braunstein 3. Too Good to Be True: What the Icelandic Crisis Revealed About Global Finance Nina Eichacker 4. Reanalyzing the gender-specific effects of the Great Recession Sana Khalil Part II Managing International Capital Flows: Costs and Dilemmas 5. Capital Controls In a Time of Crisis Ilene Grabel 6. Easing the Trilemma through Reserve Accumulation? The Latin American Case Luis D. Rosero 7. The Costs of Foreign Exchange Intervention: Trends and Implications Devika Dutt 8. Monetary Policy under Financial Dollarization: The Case of Eurasian Economic Union Zhandos Ybrayev Part III Power Relations in the International Financial System: Global and Regional Dimensions 9. The Cost of a SWIFT Kick: Estimating the Cost of Financial Sanctions on Iran Mariam Majd 10. Changing Rules of the Game of Global Finance: Glimpses from the Argentina's Sovereign Debt Restructuring Mohit Arora 11. Solidarity vs. Similarity: The Political Economy of Currency Unions Francisco Perez 12. International Financial Flows and the Future of EU-Turkey Relations Hasan Cömert Index

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Book Synopsis'The thoroughgoing disaster inflicted on the global economy in 2008 by the gambling of the financial system should have resulted serious sanctions for financial actors and the jettisoning of any belief in the efficacy and fairness of the neoliberal regime. But the tepid action of policy makers has allowed the system to muddle through and undermined any remaining trust and faith among the polity. It is not hard to see the breakdown of political stability across the world in the last two to three years as resulting direct from the justified belief that the rules of the global economy favor the very few. In this book, a group of critical scholars painstakingly identify and illuminate key aspects of the global financial system that continue to reinforce global inequalities of power and that contribute to dangerous political and economic instability. Through a series of thorough case studies ranging from the macroeconomic instability engendered by untrammeled capital flows, to the way sovereign debt restructuring favors northern creditors, to the hierarchy of the monetary system that concentrates enormous power in the hands of a few central banks, these studies throw light on the ways global financial neoliberalism and political and social power work to undermine macroeconomic stability and social justice. It will be read by serious scholars of the political economy of finance with great interest.'- Arjun Jayadev, Azim Premji University, India and Institute for New Economic ThinkingThe essays in this book describe and analyze the current contours of the international financial system, covering both developed and developing countries, and focusing on the ways in which the current international financial system structures and is affected by profound inequalities in the international system. This keen analysis of key topics in international finance takes a heterodox perspective, with focus on the role of inequalities in power in shaping the structure and outcomes in the international sphere.The Political Economy of International Finance in an Age of Inequality begins with a discussion of capital flows and financial crisis, moves into an up-to-date discussion of the political economy of currency unions, and then focuses on analysis of capital flows and economic crises. New and established academics present a broad variety of special case studies within that general framework focusing on understudied yet important up to date cases from understudied regions and countries for a unique and important exploration of the field.This book will be of interest to students and specialists in international finance, who will benefit from the combination of the strong general framework and illustrative case studies. Its approach will appeal both to generalists and specialists.Contributors include: M. Arora, E. Braunstein, H. Comert, D. Dutt, N. Eichacker, G. Epstein, I. Grabel, S. Khalil, M. Majd, F. Perez, L.D. Rosero, Z. YbrayevTrade Review'This volume is a must read for everyone interested in the problems posed by the dollar-based international financial system for countries on the periphery of the world economy. The countries in question must first exchange their ''soft'' domestic currencies for ''hard'' currencies like the dollar before they can purchase goods, services, and assets in international markets. The authors of this volume offer a series of expert, well-researched, and critical analyses of the policies they can pursue to ensure greater equality and stability under these circumstances.' --Edwin Dickens, Saint Peter's University, US'This important book expands the discussion of developments in international finance to take into account the power relations between countries that issue hard or soft currencies. It makes clear that the destructive power of large financial institutions has not abated and the impact of their speculation on developing and emerging market countries has intensified. While the book notes some positive trends such as the growing acceptance of the need for capital controls, the ongoing problem remains: the global economic architecture created by US dollar hegemony perpetuates instability and pervasive inequality within these countries and in their relations with the rest of the world.' --Jane D'Arista, University of Massachusetts Amherst, US'A much needed volume on the developments in the international financial system in the post-2008 crisis era. Through a combination of theoretical analyses and case studies, it uncovers the underlying economic and power structures in international finance and puts the inequalities in the global economy into perspective by focusing on institutions and power relations. The thought-provoking contributions to this volume are essential reading for researchers, students and policymakers and an ideal starting point for further research.' --Ozgur Orhangazi, Kadir Has University, TurkeyTable of ContentsContents: 1. Introduction Gerald A. Epstein Part I Capital Flows and Financial Crises 2. Financial Crises Among Emerging and Developing Economies in the Modern Era: A Brief History and Some Stylized Themes Elissa Braunstein 3. Too Good to Be True: What the Icelandic Crisis Revealed About Global Finance Nina Eichacker 4. Reanalyzing the gender-specific effects of the Great Recession Sana Khalil Part II Managing International Capital Flows: Costs and Dilemmas 5. Capital Controls In a Time of Crisis Ilene Grabel 6. Easing the Trilemma through Reserve Accumulation? The Latin American Case Luis D. Rosero 7. The Costs of Foreign Exchange Intervention: Trends and Implications Devika Dutt 8. Monetary Policy under Financial Dollarization: The Case of Eurasian Economic Union Zhandos Ybrayev Part III Power Relations in the International Financial System: Global and Regional Dimensions 9. The Cost of a SWIFT Kick: Estimating the Cost of Financial Sanctions on Iran Mariam Majd 10. Changing Rules of the Game of Global Finance: Glimpses from the Argentina's Sovereign Debt Restructuring Mohit Arora 11. Solidarity vs. Similarity: The Political Economy of Currency Unions Francisco Perez 12. International Financial Flows and the Future of EU-Turkey Relations Hasan Cömert Index

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Book SynopsisThe modern welfare state finds itself in the middle of two major upheavals: the impact of technology and immigration. Having taken in more refugees per capita than most other countries, the pillars of the Swedish welfare state are being shaken, and digital technologies are set to strengthen already existing trends towards job and wage polarization. The development of skills to keep pace with technology will enter into a critical period for the labor market in which inadequate policy responses could result in further inequality and polarization. In this regard, a platform-based labor market could help by opening up a vast range of new work opportunities. Marten Blix examines the implications of these trends that drive change in developed economies and, in particular, the impact that they have on Sweden and other European countries with rigid labor markets and comprehensive tax-financed welfare services. Increasing costs from immigration and rising inequality could further reduce the willingness to pay high taxes and erode support for redistribution. Failure to address challenges like this one could herald much more drastic changes down the road. There are already signs of economic and political tensions and there is a risk that the social contract could crack. This new discussion on the future of work and the welfare state will be of interest not only to scholars but in policy circles and corresponding societies in sociology, labor relations, political science and public administration.Trade Review'The famous Swedish Model of the welfare state is at a turning point as the pressures of technological change, income inequality and high levels of immigration meet the constraints of the country's inflexible labour and housing markets. Marten Blix argues in this incisive book that with its sound public finances and high levels of trust, Sweden is well placed to respond to the pressures, and he describes a route through these challenges; but it will require some profound institutional changes. The Swedish Model of the future will have to look very different if it is to succeed.' --Diane Coyle, University of Manchester, UK'Using the economic and social laboratory of Sweden, Mårten Blix provides a fascinating window into the future of the welfare state with the threats and opportunities from a massive increase in immigration and rapid digitilisation of the economy. The Swedish Model's core features of collective bargaining, broad unionisation and a strong fiscal base are eroding, increasing inequality and challenging the legitimacy of the political consensus to date. His interesting observations and balanced analysis of the growing importance of platform-based jobs and life-long learning have implications much beyond Sweden.' --Erik Berglöf, London School of Economics, UK'While the treatment of a Citizen's Income is inadequate, this is a most useful book and particularly useful is its focus on Sweden.' --Citizen's IncomeTable of ContentsContents: Preface 1. A Perfect Storm 2. The Welfare State in Transition 3. The Labor Market in Transition 4. Digitalization Changing the Economy and the Labor Market 5. Fiscal Pressures from Digitalization and Immigration 6. Immigration, Inequality and Skills in the Digital Economy 7. Future Challenges for the Welfare State Index

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Book SynopsisPresenting a profound and far-reaching analysis of economic, ecological, social, cultural and political developments of contemporary capitalism, this book draws on the work of Karl Polanyi, and re-reads it for our times. The renowned authors offer key insights to current changes in the relations between the economy, politics and society, and their ecological and social effects. They explore the commodification of land, labour, money, care and knowledge, and analyse labour and social movements, right-wing populism and religious fundamentalism. Bringing together insights from different parts of the world and from historical, theoretical and empirical research, the book sheds light on important facets of the crisis-driven transformation of contemporary capitalism. Social and political science scholars will greatly benefit from this timely analysis of contemporary capitalism. Those researching economic history and the impact of Polanyi's work on the analysis of the modern society will also find this a useful read. Contributors include: R. Atzmüller, B. Aulenbacher, R. Bärnthaler, K. Becker, D. Bohle, U. Brand, M. Brie, A. Bugra, M. Cangiani, F. Décieux, C. Deutschmann, K. Dörre, K. Fischer, C. Görg, B. Greskovits, B. Jessop, E. Langthaler, M. Leiblfinger, M. Markantonatou, A. Novy, A. Palumbo, K. Polanyi-Levitt, V. Satgar, B. Sauer, A. Scott, B. Silver, B. Stadelmann, C. Thomasberger, H.-J. Urban, B. Weicht, M. Williams, M. Wissen Trade Review'The book provides new historical and theoretical reflections on the work of Karl Polanyi and its relevance to today's movements and countermovements, including new fictitious commodities, such as knowledge and care, the rise of the populist right throughout the world and the transformation of labour markets.' --Marguerite Mendell, Director, Karl Polanyi Institute of Political Economy, Concordia University, Canada'What connects climate ecocide, soy expansion in Latin America, digital Taylorism, the commodification of care, and the rise of ''völkisch populism''? They're among the morbid symptoms of contemporary capitalism that are diagnosed in this important book.' --Gareth Dale, author of Karl Polanyi, A Life on the Left and Reconstructing Karl Polanyi: Excavation and Critique'Capitalism in Transformation is a work of cutting edge political economy that addresses, through the lens of Karl Polanyi, the fundamental issues of our times - the financial crises, austerity, climate catastrophe, social and gender inequality, and the pressing crisis of democracy. In a single provocative and essential volume, this collection reveals the analytic exhaustion of mainstream economics, and demonstrates why Karl Polanyi has become the indispensable theorist of our times.' --Margaret R. Somers and Fred Block, authors of The Power of Market Fundamentalism: Karl Polanyi's CritiqueTable of ContentsContents: Polanyian perspectives on the movements and countermovements of “our time”: an introduction Roland Atzmüller, Brigitte Aulenbacher, Ulrich Brand, Fabienne Décieux, Karin Fischer, Birgit Sauer PART I: Historical and theoretical reflections: Karl Polanyi, capitalism and society 1. A life-long search for freedom. From Budapest to America: a journey through Karl Polanyi’s life Kari Polanyi-Levitt interviewed by Michael Brie and Claus Thomasberger 2. “Plunges into utter destruction” and the limits of historical capitalism Beverly J. Silver 3. Crises and transformations: suggestions from Karl Polanyi’s works Michele Cangiani 4. Karl Polanyi as a theorist of disembedded markets Christoph Deutschmann 5. A Polanyian paradox: money and credit as fictitious commodities, financialization, finance-dominated accumulation, and financial crises Bob Jessop PART II: Contemporary developments of society and capitalism in Europe and beyond 6. Polanyian perspectives on capitalisms after socialism Dorothee Bohle and Béla Greskovits 7. Economy-society tensions in the Eurozone: the “anti-democratic virus” revived Maria Markantonatou 8. Political Islam as reactionary countermovement Ayşe Buğra 9. “Freedom’s utter frustration ...” Neoliberal social-policy reforms and the shift to the far-right through Polanyi’s theory of fascism Roland Atzmüller, Fabienne Décieux 10. Völkisch populism: a Polanyian-type movement? Karina Becker, Klaus Dörre 11. Cultural war 2.0? The relevance of gender in the radical populist-nationalist right Birgit Sauer PART III: “Fictitious commodities” and the challenges of ‘our time’ 12. Contested social-ecological transformation: shortcomings of current debates and Polanyian perspectives Ulrich Brand, Christoph Görg, Markus Wissen 13. Polanyi, nature and the international: the missing dimension of imperial ecocide Vishwas Satgar, Michelle Williams 14. Soy expansion and countermovements in the Global South: a Polanyian perspective Karin Fischer, Ernst Langthaler 15. Navigating between improvement and habitation: countermovements in housing and urban infrastructure in Vienna Andreas Novy, Richard Bärnthaler, Basil Stadelmann 16. The “fictitious commodity” care and the reciprocity of caring: a Polanyian and neo-institutionalist perspective on the brokering of 24-hour care Brigitte Aulenbacher, Michael Leiblfinger 17. The commodification of informal care: joining and resisting marketization processes Bernhard Weicht 18. Polanyi’s double movement and the making of the “knowledge economy” Antonino Palumbo, Alan Scott 19. Polanyi and the digital transformation of labour: on fictitious commodities and real conflicts Hans-Jürgen Urban Index

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Book SynopsisExploring how changes in advanced technology deeply affect international politics, this book theoretically engages with the overriding relevance of investments in technological research, and the ways in which they directly foster a country’s economic and military standing. Scholars and practitioners present important insights on the technical and social issues at the core of technology competition.Technology and International Relations emphasizes the importance of leadership styles, domestic political agendas and the relative weight of technologically driven countries in global affairs. It highlights the now widely shared belief among both developed and developing countries that technology will be the defining factor in international politics. The book also unpacks the complexity of real-life cases of key technological advances, including artificial intelligence, UAVs, satellites and the responses of governments and the private sector to rising technological challenges.This will be an important read for scholars of political science, international relations and international political economy, particularly those looking at the impact of technology and innovation.Trade Review‘The collective volume entitled Technology and International Relations: The New Frontier in Global Power reunites a group of specialists in contemporary technological developments with impact in international relations and addresses the topic of technology as source of empowerment in the near future global power starting from the recognition of the current paramount importance of technology in the exercise and concentration of power (and wealth) in our world.’ -- Henrieta Serban, Nordicum-Mediterraneum'The book provides a fresh view on the interdependencies between technology and international relations that could be useful far beyond the traditional domain of political science. It is a must-read for scholars interested in the cross-disciplinary aspects of the subject, including artificial intelligence, drones and critical information infrastructure.' -- Gianluca Pescaroli, University College London, UK‘Accessible and informative, Technology and International Relations achieves very well its main objective – to outline and analyse the technologies that are helping to shape the new international order.’ -- New Zealand International ReviewTable of ContentsContents: Introduction: Technology and International Relations – The New Frontier in Global Power viii Giampiero Giacomello, Francesco Niccolò Moro and Marco Valigi PART I TECHNOLOGY AND INTERNATIONAL RELATIONS: POLITICAL, ECONOMIC AND ETHICAL ASPECTS 1 Theorizing technology and international relations: prevailing perspectives and new horizons 3 Johan Eriksson and Lindy M. Newlove-Eriksson 2 Mapping technological innovation 23 Francesco Niccolò Moro and Marco Valigi 3 Autonomy in weapons systems and its meaningful human control: a differentiated and prudential approach 45 Daniele Amoroso and Guglielmo Tamburrini PART II ROBOTICS AND ARTIFICIAL INTELLIGENCE: FRONTIERS AND CHALLENGES 4 Context matters: the transformative nature of drones on the battlefield 68 Sarah Kreps and Sarah Maxey 5 Artificial intelligence: a paradigm shift in international law and politics? Autonomous weapon systems as a case study 89 Luigi Martino and Federica Merenda PART III SPACE AND CYBERSPACE: INTERSECTION OF TWO SECURITY DOMAINS 6 The use of space and satellites: problems and challenges 109 Luciano Anselmo 7 Cyber attacks and defenses: current capabilities and future trends 132 Michele Colajanni and Mirco Marchetti 8 Critical infrastructure protection 152 Andrea Locatelli 9 A perfect storm: privatization, public–private partnership and the security of critical infrastructure 173 Giampiero Giacomello Index 193

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. At a time when neoliberalism has become an accepted term in public debate to refer to the current state of modern societies and their political economies, Kean Birch critically analyses the conflicting theories that shape our understanding of 'neoliberalism'. With an ever-expanding variety of perspectives on the concept of neoliberalism, it is increasingly difficult to identify any commonalities. This book explores how different people understand neoliberalism, and the contradictions in thinking of neoliberalism as a market-based ethic, project, or order. Detailing the intellectual history of 'neoliberal' thought, the variety of critical approaches and the many analytical ambiguities, Kean Birch presents a new way to conceptualize contemporary political economy and offers potential avenues for future research through a judicious exploration of 'neoliberal' practices, processes, and institutions. This work will be an essential resource for undergraduate and postgraduate students, scholars, and researchers to critically assess the concept of neoliberalism across many disciplines. The book will also serve as a general introduction to a wider audience interested in the term 'neoliberalism', its potential pitfalls, and its contested future.Trade Review'Kean Birch is, in my estimation, one of the most sophisticated thinkers on the subject of neoliberalism, and in this new book we see him push his thought in a bold new direction that challenges some of the foundational discourses that have attached themselves to the concept. This is a timely and vitally important intervention.' --Simon Springer, University of Victoria, Canada.'Engagingly written, this book offers a refreshing introduction to the intellectual history of neoliberalism. Offering an explanation of where neoliberal ideas came from, the varying ways in which these ideas have been analysed and used, and the core contradictions in the neoliberal interpretation of contemporary capitalism, it will be of great value to scholars and students alike. At a time when market ascendance is increasingly challenged, it also convincingly shows why neoliberalism cannot serve as a road map for the future.' --Wendy Larner, Victoria University of Wellington, New Zealand'Birch's book is full of valuable detail and insight. . . it does an important job of establishing the contours of the discussion of neoliberalism in such a way that anyone reading it will be unlikely to lapse into the lazy straw man forms of commentary which remain all too evident both within and beyond the academy.' --LSE Review of BooksTable of ContentsContents: 1. Introduction Part I WHAT IS NEOLIBERALISM? 2. An Intellectual History of Neoliberal Thought 3. How to Think like a Neoliberal Part II CURRENT CONCEPTIONS OF NEOLIBERALISM 4. Different Conceptions of Neoliberalism 5. Struggling with Neoliberalism as a Concept Part III A NEW RESEARCH AGENDA FOR NEOLIBERALISM 6. Neoliberalism and the Problem of the Corporation 7. From Entrepreneurship to Rentiership in Neoliberalism 8. Neoliberalism as a Contract-based Order 9. Conclusion

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. This exciting Research Agenda offers a multi-disciplinary and historically informed programme for the further investigation of the global political economy of the corporate sector. It tackles the question, can and should the corporation be reformed? Christopher May develops a range of intersecting areas for research while also offering an account of the possibilities for the reform of the global corporation. Based on an understanding of the history of corporations, the author provides key insights into their management and political agency as well as the operation of the global corporate supply chain. Drawing links between a range of disciplines and perspectives on business enterprises, May calls for a more nuanced understanding of the global corporate sector in order to better comprehend the contours of the contemporary global capitalist system. This Research Agenda will be a valuable resource for students and academics of politics, economics, sociology and law, who are curious to explore the corporation in relation to their area of study.Trade Review'May persuasively makes the case for scholars to take a more holistic approach to research on corporations. He rightly argues that too many scholars take a narrow disciplinary view, while others downplay or ignore corporations in their analysis. One theme throughout is how corporate leaders govern-within the organization itself and throughout global supply chains with significant consequences for society. This short yet comprehensive book covers the key issues and questions that scholars need to address to explain our current era.' --Virginia Haufler, University of Maryland, College Park, US'Firms and corporations have been out of fashion in recent decades. Christopher May's deeply researched and carefully constructed historical-social analysis of the corporation reminds us just why this is shortsighted. It is cross disciplinary in the best sense - reaching across an impressive mix of, often contradictory, source materials to make sense of how the corporation operates from the local to the global and ultimately challenging us: what should be done to reform one of the key actors in world politics?' --Stuart Shields, University of Manchester, UKTable of ContentsContents: 1. Introduction 2. The history of corporations and incorporation 3. Managing the corporation 4. Understanding the global corporate supply chain 5. The corporation’s political agency 6. Can the corporation be reformed? Should it be? References Index

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Book SynopsisIn the age of globalisation, goods, services, labour and capital are crossing international borders on a scale never before known. They are creating a nationless market. Governed by both the invisible hand of business and interest and the visible hand of authority and direction, a world market can be a free-for-all, but it can also be constrained by the national interest of countries that differ greatly in their social institutions and material circumstances. This book provides a lucid and comprehensive account of contemporary international political economy. Beginning with the ideological underpinnings, it examines the globalisation of trade in goods and services and labour and capital. It relates the free economic market to social consensus and political regulation, both within sovereign countries and at the supra-national level. The book is comprehensive and interdisciplinary, incorporating philosophical, political, social and economic insights on an international scale and applying them directly to the ongoing phenomenon of globalisation. Topical and non-nation specific, it covers the WTO, EU, the transfer of technology, the multinational corporation, the exchange rate, free versus regulated trade, the status of agreements and blocs, as well as contemporary issues such as populism, xenophobia and rapid economic growth in both rich and poor nations. Accessible to specialists, students and the informed reader alike, State and Trade offers wide-ranging analysis of the politics of trade in goods and services, international investment and the migration of labour across the globe.Trade Review'State and Trade is a concise, comprehensive, and insightful assessment of international political economy (IPE) in the 21st century. Its balanced perspective is appropriate for students, and the crisp, original writing style, with thoughtful side comments, will attract scholars and experts alike.' --David A. Deese, Yale University and Boston College, USTable of ContentsContents: 1. The earth is flat 2. Science and ideology 3. The National Interest 4. Collective Action 5. Goods and Services 6. Agreements and Blocs 7. Development and Trade 8. The Multinational Enterprise 9. International Liquidity 10. Money without Borders Index

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Book SynopsisThis interdisciplinary book examines Brexit from a political economy perspective, enriched by insights from scholars of political science, history and law. Shedding light on the key motivations for Brexit, this incisive book seeks to better understand what shapes the UK's political and economic preferences and the fundamental causes and issues that have moulded its stance on the EU. Political issues explored include the political rationality of Brexit and the reasons for the UK's unsustainable position in the EU, specific UK sovereignty concerns in the absence of a written constitution, the issue of preferences, and the UK's prospective standing in the world post EU exit. Economic considerations such as the root causes of Brexit, examination of the properties of the single market and EU regulation, including the issue of the City of London, and the importance played by subjective wellbeing rather than economic growth are investigated, as well as the challenges to be confronted post-Brexit. The Politics and Economics of Brexit will be a key resource for scholars and students interested in the European Union, European governance and political economics. Analysing the Brexit impasse from 2016-2019, this comprehensive book will also be valuable to those working in comparative politics, international relations, business and industry. Contributors include: S. Baroncelli, A. Bongardt, R. Bourgeot, P. Della Posta, R. Di Quirico, E. Diodato, S. Giusti , S. Rehman, M. Rosini, L.S. Talani, F. TorresTrade Review'Brexit has many dimensions: political, social, economic, financial and legal. That's what makes the exit of Britain from the EU so difficult to organize. And because it is so difficult, it will continue to make it exciting to study. This timely book disentangles all the different dimensions of Brexit and lays them bare for everybody to see. A must read.' --Paul De Grauwe, London School of Economics, UK'This is a timely and comprehensive book that furthers our understanding of the causes and consequences of Brexit not only for the UK but also for the EU and the rest of the world. The authors succeed in addressing the debates over Brexit from an historical, political, economic and legal point of view. Their comprehensive and insightful analyses of the underlying and proximate causes of Brexit represents an important contribution to the academic literature that is also accessible to the general public.' --Alan Cafruny, Hamilton College, USTable of ContentsContents: Chapter 1: Introduction – the politics and economics of Brexit Annette Bongardt, Leila Simona Talani and Francisco Torres PART 1: THE POLITICS OF BREXIT Chapter 2: Brexit as a question of political rationality: hard choices for the UK, lessons for EU sustainability Annette Bongardt and Francisco Torres Chapter 3: The road to Brexit: European integration, the UK and the failure of the “malign neglect” strategy toward the EU Roberto di Quirico Chapter 4: Brexit, sovereignty and devolution: the view of constitutional law Stefania Baroncelli and Monica Rosini Chapter 5: Globally alone, the UK foreign policy after Brexit Emidio Diodato and Serena Giusti PART 2: THE ECONOMICS OF BREXIT Chapter 6: Social capital, heterogeneous ethnicity and Brexit Pompeo Della Posta and Scheherazade Rehman Chapter 7: UK dithering over Brexit: on the European single market and its regulatory model Annette Bongardt Chapter 8: Brexit and the future of the City of London: Between deregulation and innovation Leila Simona Talani Chapter 9: Brexit adds to Europe’s need for economic rebalancing and technological impetus Remi Bourgeot Chapter 10: Brexit: What have we learnt? Annette Bongardt, Leila Simona Talani and Francisco Torres Index

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Book Synopsis'Monetary policy is not just a matter of optimal stabilization policy; it is also fundamentally a matter of politics. But while this observation is commonplace, it is not adequately incorporated into economists' reasoning and analysis. Gerald Epstein's work represents perhaps the most prominent exception to this last rule. Reading him provides a salutary reminder that we need to pay closer attention to this political aspect when thinking about central banks and what they do.' - Barry Eichengreen, University of California, Berkeley, US Central banks are among the most powerful government economic institutions in the world. This volume explores the economic and political contours of the struggle for influence over the policies of central banks such as the Federal Reserve, and the implications of this struggle for economic performance and the distribution of wealth and power in society. Written over several decades by Gerald Epstein and co-authors, these works explore why central banks do what they do, and how they could better operate. Epstein shows that central banks are a contested terrain over which major economic and political groups fight for control; and demonstrates that though in the US and most other countries, private bankers have the upper-hand in this political struggle, they don t always win. Graduate students, faculty and advanced undergraduates in economics, political science and sociology who are interested in central banking and finance as well as specialists who focus on central banking will find greater understanding of central banks through The Political Economy of Central Banking.Trade Review'For decades Jerry Epstein has been shattering myths around central banking and forcing us to think differently about this institution. This invaluable collection brings together his path breaking work on the subject. A careful reading of the book makes it impossible to sustain the argument that central banks stand above politics and that they have served the public good through a single minded focus on inflation. The book arrives at precisely the right time, i.e., when we desperately need new ideas about how to remake our economic institutions so that they work for all.' --Ilene Grabel, University of Denver, US and author of When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence'Central Bankers, and the Federal Reserve in particular, has been portrayed as a group of technocrats working to serve in the public interest. Through insightful analytical and empirical analyses, Jerry Epstein shows that in reality the Fed can act like a Wizard of Oz. Epstein's hard work pulls back the curtain for us all to see how Central Banking really works, and proposes concrete reform regarding how it can be the engine of an economy that promotes stability, growth and prosperity.' --Kevin P. Gallagher, Boston University, US'Professor Gerald Epstein has been a pioneer in extending political and class conflict considerations to the analysis of central banks and monetary policy. With regard to macroeconomics, he was one of the first to introduce the critical distinction between industrial and financial capital. With regard to monetary policy, he has been a leader in framing central banking as a politically contested space. That frame makes a mockery of mainstream claims that central banks can be politically neutral. Instead, they are riddled with the preferences and beliefs of those in control. This collection of his papers is both a tribute to Professor Epstein and an essential reference.' --Thomas Palley, independent economistTable of ContentsContents: Introduction Gerald Epstein PART I FINANCE, MACROECONOMIC POLICY AND CENTRAL BANKING: FROM VOLCKER TO TRUMP 1 ‘Domestic Stagflation and Monetary Policy: The Federal Reserve and the Hidden Election’, in Thomas Ferguson and Joel Rogers (eds), The Hidden Election: Politics and Economics in the 1980 Presidential Campaign , New York, NY, USA: Pantheon Books, 1981, 141–95 2 ‘Federal Reserve Behavior and the Limits of Monetary Policy in the Current Economic Crisis’, in Robert Cherry, Christine D’Onofrio, Cigdem Kurdas, Thomas R. Michl, Fred Moseley and Michele I. Naples (eds), The Imperiled Economy: Book I: Macroeconomics from a Left Perspective , Chapter 23, New York, NY, USA: The Union for Radical Political Economics, 1987, 247–55, references 3 ‘Trumponomics: Should We Just Say “No”?’, Challenge , 60 (2), 2017, 104–21 PART II CAPITALISTS, WORKERS AND WALL STREET: THE FIGHT FOR THE FEDERAL RESERVE 4 ‘Federal Reserve Politics and Monetary Instability’, in Alan Stone and Edward J. Harpham (eds), The Political Economy of Public Policy , Chapter 9, Beverly Hills, CA, USA: Sage Publications, 1982, 211–40 5 ‘The Federal Reserve–Treasury Accord and the Construction of the Postwar Monetary Regime in the United States’, with Juliet B. Schor, Social Concept , 7 (1), July, 1995, 7–48 6 ‘Monetary Policy, Loan Liquidation, and Industrial Conflict: The Federal Reserve and the Open Market Operations of 1932’, with Thomas Ferguson, Journal of Economic History , XLIV (4), December, 1984, 957–83 7 ‘Corporate Profitability as a Determinant of Restrictive Monetary Policy: Estimates for the Postwar United States’, with Juliet B. Schor, in Thomas Mayer (ed.), The Political Economy of American Monetary Policy , Chapter 4, New York, NY, USA: Cambridge University Press, 1990, 51–63 PART III THE POLITICAL ECONOMY OF CENTRAL BANKING: ANALYTICAL AND EMPIRICAL PERSPECTIVES 8 ‘Contested Terrain’, in Louis-Philippe Rochon and Sergio Rossi (eds), The Encyclopedia of Central Banking , Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing Ltd, 2015, 105–7 9 ‘Macropolicy in the Rise and Fall of the Golden Age’, with Juliet B. Schor, in Stephen A. Marglin and Juliet B. Schor (eds), The Golden Age of Capitalism: Reinterpreting the Postwar Experience , Chapter 3, Oxford, UK: Clarendon Press, 1990, 126–52, references 10 ‘Political Economy and Comparative Central Banking’, Review of Radical Political Economics , 24 (1), March, 1992, 1–30 11 ‘A Political Economy Model of Comparative Central Banking’, in Gary Dymski and Robert Pollin (eds), New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman P. Minsky , Chapter 9, Ann Arbor, MI, USA: The University of Michigan Press, 1994, 231–77 12 ‘Profit Squeeze, Rentier Squeeze and Macroeconomic Policy Under Fixed and Flexible Exchange Rates’, Economies et Sociétés , 25 (3), November/December, 1991, 219–57 13 ‘The Rise of Rentier Incomes in OECD Countries: Financialization, Central Bank Policy and Labor Solidarity’, with Arjun Jayadev, in Gerald A. Epstein (ed.), Financialization and the World Economy , Chapter 3, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing Ltd, 2005, 46–74 PART IV INFLATION TARGETING VS. DEVELOPMENTAL CENTRAL BANKING 14 ‘Financialization, Rentier Interests and Central Bank Policy’, 2002, 1–43 15 ‘Central Banks as Agents of Economic Development’, in Ha-Joon Chang (ed.), Institutional Change and Economic Development , Chapter 6, New York, NY, USA: United Nations University Press and London, UK: Anthem Press, 2007, 95–113 16 ‘Developmental Central Banking: Winning the Future by Updating a Page from the Past’, Review of Keynesian Economics , 1 (3), Autumn, 2013, 273–87 17 ‘Achieving Coherence Between Macroeconomic and Development Objectives’, in Joseph E. Stiglitz and Martin Guzman (eds), Contemporary Issues in Macroeconomics: Lessons from The Crisis and Beyond , IEA Conference Volume 155-II , Chapter 11, Basingstoke, UK and New York, NY, USA, Palgrave Macmillan, 2016, 148–59 PART V THE FEDERAL RESERVE AND THE GREAT FINANCIAL CRISIS OF 2007–2008 18 ‘Have Large Scale Asset Purchases Increased Bank Profits?’, with Juan Antonio Montecino, Institute for New Economic Thinking (INET) Working Paper No. 5 , December, 2014, 1–25 19 ‘The Political Economy of QE and the Fed: Who Gained, Who Lost and Why Did it End?’, with Juan Antonio Montecino, Political Economy Research Institute (PERI) Working Paper Number 408 , November, 2015, 1–25 20 ‘The Impact of Quantitative Easing on Income Inequality in the United States’, November, 2018 PART VI REFORMING THE FEDERAL RESERVE 21 ‘Statement on Monetary Policy’, Testimony Prepared for the House Committee on Banking, Finance, and Urban Affairs , July 19th, 1983, 1–11 22 ‘A Debate with Robert Pollin: Should Congress Control the Federal Reserve?’, with Robert Pollin, Dollars & Sense , 136 , May, 1988, 12–17, 22 23 ‘Reforming the Federal Reserve for the 21st Century’, 2018 Index

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Book SynopsisTerritorial political organisation forms the backbone of western liberal democracies. However, political economists are increasingly aware of how this form of government neglects the preferences of citizens, resulting in dramatic conflicts. The Political Economy of Non-Territorial Exit explores the theoretical possibility of 'unbundling' government functions and decentralising territorial governance. Employing a variety of theoretical approaches, including new institutional economics, comparative analysis, public choice and Hayekian political economy, Trent J. MacDonald investigates the prospects of a government that separates its traditional functions and decentralises control to non-territorial jurisdictions. Following the history of political-economic thought, the author uncovers an extensive history of non-territorial governance, and provides insight into present-day examples. He emphasises the political mechanism of 'non-territorial secession' and the emerging phenomenon of 'cryptosecession' as the theoretical future of governance. Through an extension of the Coase theorem, this intricate book examines how political systems and jurisdictions change, developing a new theory of spontaneous order. A provocative and enlightening investigation of modern political organisation, MacDonald's vast study is an ideal theoretical guide for scholars and students of political economy. This book also contains critical ideas for policy-makers seeking guidance for the future of political organisation in an increasingly non-territorial world. 'Non-territorial exit (by cryptosecession) may well be the predominant means of political reorganisation in the world of tomorrow. Trent MacDonald has written a highly original, engaging and deeply profound book analysing how this might work and what it implies for economics, society and politics. A hugely important new idea.' - Jason Potts, RMIT University, AustraliaTrade Review‘This book is a beautiful example of how Austrian economics, Public Choice theory, and New Institutional economics can help us better understand the world around us. MacDonald offers us a radical way to restructure governance and move away from an approach that centers territorial nation states. Moreover, he provides analytical frameworks for understanding the world we live in today.’ -- Nathan Goodman, The Review of Austrian Economics'''Creative'' does not begin to describe MacDonald s contribution. He ably combines political economy with an impressive knowledge of political theory, history, and technology, developing both novel theoretical insights and some inventive - and radical! - institutional designs. Political economy scholars of all stripes will find ideas worth engaging in this book.' --Adam Martin, Texas Tech University, US'MacDonald masterfully unbundles the state with theoretical rigor. He gives voice to the economic efficiency of lowering the costs of political exit by de-territorializing the state. This is the most detailed and thorough contemporary argument for Panarchy, non-territorial states founded on contractual agreements. This book is fascinating for readers interested in the political possibilities opened by globalization, the internet, and cryptocurrencies. Economists, political and social theorists and philosophers, historians of ideas, and legal scholars interested in sovereignty and secession would benefit greatly from this interdisciplinary study.' --Aviezer Tucker, Harvard University, US and co-editor, Panarchy: Political Theories of Non-Territorial States'There is no reason to expect the awkward bundles of obligations called ''states'' to be economically efficient or politically stable. Trent MacDonald presents an ambitious unpacking of ''sovereignty,'' based on ''non-territorial unbundling.'' This seems impossibly radical, but modern ''states'' have only existed for 400 years. Anyone who wants to understand the next 400 years should read this book, right away.' --Michael C. Munger, Duke University, USTable of ContentsContents: Introduction Preface 1. Economic theory of non-territorial unbundling 2. History of an idea 3. The political-jurisdictional Coase theorem 4. Political-jurisdictional possibilities and transitions 5. Theory of non-territorial internal exit 6. Spontaneous order in the formation of non-territorial political jurisdictions Summary and conclusion References Index

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Book SynopsisThe Politics of Debt brings together philosophers, political scientists, and economists and sets them the task of reflecting on the political role played by debt. Focusing on the aftermath of the 2008 economic crisis, particularly in the United States and Europe, the book is split into groups. It contains six essays and five interviews that aim to fully comprehend the political consequences of the economic crisis and specifically of debt.

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Book SynopsisIs it actually possible? …that we might emerge from this pandemic with a peaceful global power switch from those who have too much to those who don't have enough? With billionaires able to decide the fate of nations, private corporations more powerful and less accountable than ever, and political autocrats around the world shaking our confidence in democratic institutions, power resides in all the wrong places. And so our world is in crisis. In such moments, activists find opportunities. Not to restore the pre-crises order, but to transform it. Paul O’Brien argues that progressive activists may never have a better opportunity to rewrite economic rules, systems and outcomes in favor of those who don't have enough. His book offers practical action steps for activists who want to drive a power switch that overcomes extreme inequalities in our world.

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Book SynopsisWhat is to be done when the future's already ablaze? With the international spread of right-wing "populism," widening inequalities, precarious forms of labor becoming normative, surveillance capitalism, and a worsening ecological crisis, the future is bleak. One issue in particular, the likelihood of catastrophic climate change, coupled with the lack of a global movement with the organization and vision to effectively challenge our suicidal social order, yields the crushing awareness that future generations will be trapped in prehistory, one in which humanity continues to be dominated by its own creations instead of shaping the historical process in line with reason. Expanding upon the ideas of Theodor W. Adorno, Ernst Bloch, Lucien Goldmann, and others, Ryan Gunderson examines the modes of action and thought through which we react to the likelihood of a catastrophic future in ways that reproduce instead of challenge the status quo, and how we can, instead, productively sustain the search for a better world against all odds.

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Book SynopsisAfter being proclaimed dead, there is now a major revival of socialist ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Featuring theoretical arguments and practical investigations, Geoffrey M. Hodgson interrogates the failures of socialist states, scrutinizing the impact and outcomes of a centralized politico-economic system. This timely and convincing book offers insight into the twentieth-century experience of comprehensive national planning, deploying less-well-known criticisms from Albert Schaffle and Michael Polanyi. Hodgson's nuanced approach brings together small-scale socialist praxis and principles of liberal solidarity, exploring an experimental approach to political and economic reform. Provocative, insightful and accessible, this book is of considerable interest to any reader with an appetite for the history of socialist theory, as well as those keen to explore new insights to heterodox economics. Students and academics of the social sciences and humanities will benefit from this book's rigorous empirical approach to historic and contemporary socialist states and its in-depth discussion of Austrian school theory.Trade Review'Socialism is being offered by the likes of Bernie Sanders, Jeremy Corbyn and Alexandra Ocasio-Cortez as a humane and democratic solution to pressing economic and environmental problems. Geoff Hodgson, the world's foremost scholar on institutions of economic systems, has written a vital and urgent book explaining why this utopian dream is infeasible.' --Jason Potts, RMIT University, AustraliaTable of ContentsContents: Preface Introduction Part I: Socialism, markets and democracy 1. What does socialism mean? 2. Small socialism requires frugality or markets 3. Big socialism brings stagnation and despotism 4. Knowledge, complexity and the limits to planning Part II: Towards a feasible alternative: liberal solidarity 5. Social knowledge and freedom to choose 6. The limits and indispensability of states and markets 7. Varieties of capitalism: the realms of the possible 8. The making of liberal solidarity References Index

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Book SynopsisAfter being proclaimed dead, there is now a major revival of socialist ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Featuring theoretical arguments and practical investigations, Geoffrey M. Hodgson interrogates the failures of socialist states, scrutinizing the impact and outcomes of a centralized politico-economic system. This timely and convincing book offers insight into the twentieth-century experience of comprehensive national planning, deploying less-well-known criticisms from Albert Schaffle and Michael Polanyi. Hodgson's nuanced approach brings together small-scale socialist praxis and principles of liberal solidarity, exploring an experimental approach to political and economic reform. Provocative, insightful and accessible, this book is of considerable interest to any reader with an appetite for the history of socialist theory, as well as those keen to explore new insights to heterodox economics. Students and academics of the social sciences and humanities will benefit from this book's rigorous empirical approach to historic and contemporary socialist states and its in-depth discussion of Austrian school theory.Trade Review'Socialism is being offered by the likes of Bernie Sanders, Jeremy Corbyn and Alexandra Ocasio-Cortez as a humane and democratic solution to pressing economic and environmental problems. Geoff Hodgson, the world's foremost scholar on institutions of economic systems, has written a vital and urgent book explaining why this utopian dream is infeasible.' --Jason Potts, RMIT University, AustraliaTable of ContentsContents: Preface Introduction Part I: Socialism, markets and democracy 1. What does socialism mean? 2. Small socialism requires frugality or markets 3. Big socialism brings stagnation and despotism 4. Knowledge, complexity and the limits to planning Part II: Towards a feasible alternative: liberal solidarity 5. Social knowledge and freedom to choose 6. The limits and indispensability of states and markets 7. Varieties of capitalism: the realms of the possible 8. The making of liberal solidarity References Index

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. Forward thinking and provocative, this Research Agenda demonstrates different approaches to the field from experts focusing on global and local, and historical and contemporary issues. It asserts that critical political economists differ from their mainstream counterparts through the variety of methods they use and the questions they pose. Eminent global scholars examine a diverse selection of interdisciplinary themes, raising questions surrounding future research in the area, offering examples and linking the theory to its implications for practice and policy. Chapters explore economic growth and the ideology of development, sweatshop economics, experimental economics, the land question in urban economics, money and finance, and thinking beyond capitalism with the solidarity economy. A Research Agenda for Critical Political Economy will be a fascinating read for students and scholars of political economy, political science and economics. With case studies and practical examples of the application of the topic, it will also be an invigorating read for economists and policy makers looking for alternative approaches to the field.Trade Review'To be ''critical'' as a political economist is to be part of a rich and varied heritage, within which a series of alternative perspectives are articulated and defended in the name of a broader, common endeavour. This book ably showcases the diverse and pluralistic nature of contemporary critical political economy scholarship, something which is needed more than ever in times of the coronavirus and the associated economic, political and social upheavals.' --Ian Bruff, University of Manchester, UKTable of ContentsContents: 1. What Makes Critical Research in Political Economy? Bill Dunn 2. The Political Economy of Inequality: Research to Deepen Understanding Frank Stilwell 3. Economic Growth and the Ideology of Development Benjamin Selwyn 4. Money, finance and the state: potential routes for further development of research Sheila Dow 5. Knowledge, Power and the Global South: Epistemes and Economies after Colonialism Nour Nicole Dados 6. For a Critical Political Economy of International Trade Bill Dunn 7. Sweatshop Economics, the Poverty of Trade Theory and the Making of Inequality Across Scales Alessandra Mezzadri 8. Structure and Agency: Themes from Experimental Economics Shaun P. Hargreaves Heap 9. Time, Space, Geographical Scale and Political Economy Andrew Herod 10. Uncertainty, the Modern Financial Market and the Real Economy Fernando Ferrari Filho and Fábio Henrique Bittes Terra 11. The Capitalist Space-Economy: Uneven Geographical Development, Value and More-than Capitalist Contestations Eric Sheppard 12. Reclaiming Local Contexts: Disrupting the Virtual Economy Sabine U. O’Hara 13. The Land Question in Urban Economics: A Political Economic Response Franklin Obeng-Odoom 14. The Political Economy of Displacement Governance: The Case of Refugees in the European Union Ali Bhagat and Susanne Soederberg 15. Thinking Beyond Capitalism: Social Movements, R/evolution, and the Solidarity Economy Julie Matthaei Index

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Book SynopsisThis authoritative book examines the power of multinational corporations (MNCs) to exert influence in global politics. Focusing on the actions and motivations of MNCs, it explores how they attempt to shape the political issues that affect them. Combining theoretical perspectives with analyses of enlightening case studies, the contributors consider key areas in which MNCs seek to exert political influence such as environmental sustainability, social conflicts and corporate tax avoidance, as well as in specific industries including mining, shipping and consulting. They also illustrate the mechanisms used by MNCs to exert influence in a wide range of policy fields at multiple territorial levels, discussing how they interact with states, intergovernmental organizations and civil society, as well as how they coordinate their activities with other parts of the business community. The book concludes that MNCs enjoy certain basic privileges in society and politics due to their preponderant economic position and their key role in the processes of globalization, but action is necessary to sustain this role.MNCs in Global Politics will be critical reading for academics and students of politics, international relations and political economy, particularly those with an interest in globalization and governance. Its exploration of specific case studies will also be beneficial for policy-makers.Trade Review'The role of multinational corporations in global politics has been neglected for many decades, after a first wave of scholarship during the 1970s. Mikler and Ronit bring together authors with various specializations, united in their attempt to present a comprehensive current picture of MNCs as political actors in their own right. The book is an indispensable working tool for scholars in various disciplines, from International Business to Political Science. It will also be very helpful for policy discussions on the adequate role of MNCs in post-corona capitalism.' -- Andreas Nolke, Goethe University Frankfurt, Germany'It is often asserted that multinational corporations wield significant power and influence, but too often this claim is taken as self-evident without any detailed exposition. In this timely volume the complexity of corporations' engagement with states, global governance and (global) civil society is explored across a range of dimensions to establish that corporate influence is both contested and contingent. Balancing collective analyses of the global corporate realm with an attention to specific sectors and enterprises, the contributors offer a nuanced and compelling analysis that delivers a sophisticated account of corporate power and influence in the new millennium.' -- Christopher May, Lancaster University, UKTable of ContentsContents: Preface and Acknowledgments Chapter 1: Introduction John Mikler and Karsten Ronit Chapter 2: Globalizing State Capitalism? Selective Internationalization of MNCs from Emerging Economies Christian May Chapter 3: MNCs and State Infrastructural Power Linda Weiss and Elizabeth Thurbon Chapter 4: Corporate Influence and Environmental Regulation in Shipping: Navigating Norms and Influence Pathways in the International Maritime Organization Christian Hendriksen Chapter 5: Private Sustainability Governance and Global Corporate Power Kate Macdonald Chapter 6: MNCs and Their Role in Global Business Associations Karsten Ronit Chapter 7: The Power of Mining MNCs: Global Governance and Social Conflict Lian Sinclair Chapter 8: Knowledge and Power: The Role of the Big Four in the Competitive Disharmonization of Global Corporate Tax Avoidance Regulations Ainsley Elbra, John Mikler and Hannah Murphy-Gregory Chapter 9: Conclusion John Mikler and Karsten Ronit Index

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Book SynopsisThis Modern Guide explores central ideas, concepts, and themes in the Austrian school of economics, with a focus on how both the school and the overall theory have evolved over recent decades. Leading scholars offer their insights into potential directions of future research in the field, pointing towards contemporary debates and their potential conclusions, underdeveloped aspects and extensions of theory, and current applications of interest.Spanning theories of entrepreneurship to the theory of the business cycle, from methodology to sociology, and from cryptocurrencies to culture, this clear and concise Modern Guide provides an expert curation of the topic. Chapters offer an overview of the present state of scholarship in the field, including discussions on praxeology, the function of entrepreneurship in the market process, spontaneous orders, the Austrian theory of money, and banking.Written in an accessible style, this will be an invigorating read for economics scholars looking for an alternative to mainstream approaches. It will also be useful for scholars and practitioners seeking an introduction to Austrian economics.Table of ContentsContents Introduction to A Modern Guide to Austrian Economics 1 Per L. Bylund 1 Praxeology 6 Roderick T. Long 2 Austrian phenomenology 17 Mark D. Packard 3 Alertness: an Aristotelian approach 39 Frederic Sautet 4 Entrepreneurial judgment 64 Peter G. Klein and Matthew McCaffrey 5 Entrepreneurship and the market process 84 Per L. Bylund 6 Spontaneous order 103 Karras J. Lambert and Peter J. Boettke 7 The social and moral aspects of markets 121 Ginny Seung Choi and Virgil Henry Storr 8 Economic calculation and socialism 142 Krzysztof Turowski and Mateusz Machaj 9 Money 165 Joseph T. Salerno and Kristoffer J. M. Hansen 10 Banking 182 David Howden 11 On the origins of cryptocurrencies 200 William J. Luther and Nikhil Sridhar 12 The pure time preference theory of interest 216 Robert P. Murphy 13 Capital theory and the theory of the firm 238 Nicolás Cachanosky and Peter Lewin 14 Austrian business cycle theory: current research trends and future directions 257 Jonathan R. Newman and Arkadiusz Sieroń 15 Austrian sociology 283 Richard G. Ellefritz Index

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Book SynopsisA Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilised status quo of modern societies. Exploring a variety of theoretical approaches, chapters offer sustainable growth-inducing policies and proposals to address important challenges in this era of neoliberal globalization and financialization. With key contributions by distinguished academics in the field, the book evaluates past efforts and policies and critiques failed perspectives. A critical read for political economics scholars wishing to look beyond orthodox perspectives, this book highlights key areas of contention in modern economic policies. This will also be a vital book for policy-makers and economists looking ahead to a more sustainable economic atmosphere.Trade Review'The severity of socio-economic problems facing advanced and developing economies calls for new thinking about the role of the state. This volume brings together an impressive collection of innovative analyses of how the state (at the national and international levels) can evolve to promote more sustainable economies and more equitable societies.' --Sheila C. Dow, University of Stirling, UK'A landmark in innovative thinking about theory and policy and the role of government in both developing and developed economies. Starting from the state in much of the world at the moment, in which large multinational oligopolies dominate decision making, the editors and contributors analyse the emergence of unstable economic, political and social processes associated with the imposition of neoliberal theory and policies. The latter are based on a number of planks, most of which are fallacious, especially the need for austerity programs, deregulation of financial and real markets and unrestrained international capital flows.' --from the Foreword by Geoffrey C. HarcourtTable of ContentsContents: Foreword Geoff Harcourt Introduction: The Role of Government Nikolaos Karagiannis and John E. King Part I Philosophical and Theoretical Aspects 1. Policy and State in Complexity Economics Wolfram Elsner 2. State and Public Sector: Key Economic and Politico-institutional Aspects of Modern Intervention Nikolaos Karagiannis, Zagros Madjd-Sadjadi and Joanna Bens 3. The Fiscal Responsibilities of Government Malcolm Sawyer 4. Monetary Policy Jan Toporowski Part II Macroeconomic Policies for Sustainable Growth and Prosperity 5. Fiscal Policy and the Government Debt in Alternative Models of Growth and Distribution Amitava Krishna Dutt 6. Economic Development Policy Today: What Has Realistically Remained? Nikolaos Karagiannis and Zagros Madjd-Sadjadi 7. Welfare as Government Intervention Torsten Niechoj 8. Monetary Policy and Central Banks’ Intervention: A Critical Investigation Sergio Rossi 9. Principles Underlying Classical-Keynesian Employment and Distribution Policies Heinrich Bortis Part III Special Issues and Policy Interventions 10. Government Originating and Closing the Circuit Romar Correa 11. What Future for the Euro Without Fiscal Integration? Philip Arestis 12. Are Wages Policies Desirable and Feasible? European Experiences Jesus Ferreiro 13. Guaranteed Jobs Through a Public Service Employment Programme for the United States L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva and Stephanie A. Kelton 14. Government Intervention and Educational Equity: Leveraging Educator Preparation Programmes at Historically Black Colleges and Universities Denise Pearson Index

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Book SynopsisThe second edition of The Political Economy of Iraq is as comprehensive and accessible as the first with updated data and analysis. Frank R. Gunter discusses in detail how the convergence of the ISIS insurgency, collapse in oil prices, and massive youth unemployment produced a serious political crisis in 2020. This work ends with a discussion of key policy decisions that will determine Iraq’s future.This volume will be a valuable resource for anyone with a professional, business, or academic interest in the post-2003 political economy of Iraq.Trade Review‘Frank Gunter has written an outstanding book covering the full spectrum of Iraq’s political economy with sufficiently detailed descriptions and analysis to allow for sound policy recommendations. Much has changed, and not all for the best, since the first edition, but Frank continues to provide the same unique perspective, that of an expert who combines theory with actual on-the-ground in Iraq experience, that is sorely needed for understanding Iraq’s political economy.’ -- Ahmed Tabaqchali, AFC Iraq Fund and The American University of Iraq-Sulaimani, Iraq‘Frank Gunter provides an excellent guide to the fundamentals of Iraqi political economy, assessing the principal barriers to political and economic progress, and offering solid recommendations for overcoming those obstacles. It is both comprehensive and comprehensible and, in those two regards, probably has no rival in the field.’ -- Alan Luxenberg, Former President of the Foreign Policy Research Institute, US'This most thoughtful treatise is another example of Frank Gunter's intellectual discipline and fine analytical mind, writing on Iraq, a country he has studied for many years. He combines objective and informed narrative with a comprehensive understanding of the challenges facing the country, but underlying the whole work is a care and concern for the future wellbeing of the country, one which he and I both respect and honour.' -- Baroness Nicholson of Winterbourne, President, The Iraq Britain Business Council, UK'Frank Gunter has written the definitive account in English of the contemporary Iraqi economy... Following a brief history and overview, chapters cover social indicators, corruption, macroeconomic policy, state-owned enterprises, entrepreneurship, oil agriculture, banks, infrastructure, and international trade. The scope of overage and degree of detail is matched by clear exposition and thoughtful analysis... While his optimism about and affection for Iraq is obvious, he is refreshingly blunt about the systemic problems often downplayed in reports from international organizations…Essential.' -- Review of first edition in Choice MagazineTable of ContentsContents: Preface 1. Iraq’s lost decades 2. Population and key macroeconomic variables 3. Health, poverty, education, and gender issues 4. Corruption 5. Preventing al Qaeda 3.0 6. Domestic and international politics 7. Oil and gas 8. Agriculture and the environment 9. Financial intermediation 10. Large industrial enterprises 11. Entrepreneurship in post-conflict Iraq 12. Infrastructure and essential services 13. International trade and finance 14. Fiscal, monetary, and exchange rate policies 15. Iraq in 2035 Bibliography Index

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Book SynopsisTax Tyranny does not aim to give a description of existing tax systems, rather it provides readers with the intellectual instruments which enable them to understand the role of taxation in the workings of economic systems and to evaluate the fairness of taxes. The book begins with a general analysis of the economic effects of taxes. It stresses that they diminish incentives to create, to work, to save or to invest. It also stresses the fact that it is not sufficient to care about the overall burden of taxation in a country, but that it is necessary to do a rigorous analysis of the details and effects of specific taxes. This work is based on rigorous economic theory, and it is a perfect resource for professors and scholars of economics, as well as journalists and politicians worldwide. The author does not use an overly technical approach however, and thus the book is readily accessible to all readers interested in the topic of taxation.Trade Review‘This book remains a must for all those who want to have a clear view on modern tax systems, on the damages they create, and on the kind of opposition that sensible reform projects are going to meet.’ -- Enrico Colombatto, The Independent Review‘The book is written in a non-technical way and accessible to a broad readership. It serves very well as an introductory text for undergraduates, most notably in macroeconomics or public economics, but it also carries a lot of original food for thought that deserve the attention of scholars and tax practitioners.’ -- Jörg Guido Hülsmann, The Quarterly Journal of Austrian Economics‘This is a broad-ranging book about the many problems of tax, and one that manages the difficult task of being very knowledgeable about taxation, both the theory and practicalities, whilst also being very readable.’ -- Richard Teather, Adam Smith Institute‘Tax Tyranny satisfies the objective it sets itself with aplomb. It offers a superb challenge to the many received wisdoms in tax theory and design and rightly homes in on three fundamental and interrelated problems with tax: its inescapably arbitrary and unfair nature, the discriminatory and capricious character of progressiveness, and the economically ruinous consequences of converting savings and investment into consumption.’ -- Rory Meakin, Economic Affairs'Tax Tyranny by Professor Pascal Salin is a must read for everyone in the ''leave us alone'' coalition. Activists, think tank leaders, and policymakers will find it to be informative on the dangers high taxes pose to the economy and to living daily life free of government controls. It is a masterpiece from one of the greatest living free-market economists.' --Lorenzo Montanari, Americans for Tax Reform, US'Professor Pascal Salin, a noted international economist, understands not only the economics of taxation, he understands human nature. He knows that minor changes, difficult to enforce or even comprehend or quantify, are not good enough. As the former President of Hayek and Friedman's Mont Pèlerin Society, Salin has seen what works around the world in large and small, advanced and developing countries. He understands how we can progress towards freedom and more individual choice. Tax Tyranny enables us to understand what to look for and what changes need to be made for all of us to prosper.' --Edwin J. Feulner, Founder and former President, The Heritage Foundation, Washington, US'The West's tax burden is now unbearable, says the noted French economist Pascal Salin--and it's arbitrary and unfair too, mutilating individual initiative and driving up unemployment. No wonder the public are angry with their politicians--they feel helpless against a system that is driven by a political class who do not understand the damage they do. This book demonstrates powerfully why our economic survival in a competitive world makes tax reform not only urgent, but vital.' --Eamonn Butler, Adam Smith Institute, UKTable of ContentsContents: Introduction 1. The Destructive Nature Of Taxes 2. The Myth Of Progressive Taxation 3. The Overtaxation Of Capital 4. Immoral And Harmful : Inheritance Taxes 5. The Cascade Of Taxes 6. Capitalism In Peril 7. Freeing Savings 8. A Firm Does Not Pay Taxes 9. Choosing One's Life 10. A European Single Market Without Tax Harmonization 11. Taxes For Which State ? 12. Consent To Taxation? Conclusion Index

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Book SynopsisThis innovative book examines the maritime component of China's Belt and Road Initiative (BRI), focusing on three key trade routes and addressing the question of how China protects its overseas assets. Gerald Chan explores China's rising maritime power, using geo-developmentalism as a theoretical framework to analyse the country's development of port facilities and infrastructure along important trade routes. Through developing these sea routes, he argues that a new global order is in the making. The book also offers an in-depth and balanced review of two major criticisms of China's BRI: the first being so-called 'debt trap diplomacy', and the second being security concerns surrounding China's IT industry, the resolution of which Chan suggests will pave the way towards developing a 'digital Silk Road'. Following on from Chan's previous work on high-speed rail and other land networks, this book offers a comprehensive and up-to-date account on infrastructure building in this context. It will prove a stimulating read for scholars and students of Chinese foreign policy and international relations, as well as policy makers, government officials and businesses seeking to better understand China's foreign trade and development policies.Trade Review'This new book by Professor Gerald Chan provides some fascinating perspectives in response to the current tense debate on China's role in global development. It also challenges many pessimistic views on the fate of globalization. This book should be interesting to anyone who is keen to develop a deeper understanding of the impact of China's rise on our future global order.' --Mingjiang Li, Nanyang Technological University, Singapore'Expanding on the concept of geo-developmentalism from his previous volume - Understanding China's New Diplomacy - Professor Gerald Chan casts a keen eye over the complex linkages of multiple arenas and issue areas, as well as the actions and reactions of state and non-state actors in the expanding Chinese Maritime Silk Road. Accessible, timely, and comprehensive, China's Maritime Silk Road provides a compelling primer for anyone seeking an overall strategic guide to China's recent impact on the global order.' --Kun-Chin Lin, University of Cambridge, UK'Professor Gerald Chan provides a penetrating and comprehensive analysis of China's Maritime Silk Road through an analytical framework of geo-developmentalism. This is a must-read for anyone interested in understanding China's Belt and Road Initiative, China's maritime strategy, and China's interaction with global order more broadly.' --Xiaoyu Pu, University of Nevada, USTable of ContentsContents: Preface 1 Introduction 2 Whither the maritime Silk Road? 3 Geo-developmentalism: a new framework for analysis 4 Journey to the west: Europe and Africa through the Indian Ocean 5 Path to the south: Oceania and the South Pacific through Southeast Asia 6 Venture to the north: Europe and North America through the ‘Polar Silk Road 7 How does China protect its maritime Silk Road? 8 Conclusion Bibliography Index

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Book SynopsisAll Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when households, businesses, financial institutions and the public sector in some countries strained to generate sufficient income for debt service. The stagnation and fall in asset prices that followed began the process of unwinding that led to a run on the financial sector by the financial sector. This engaging examination describes critical developments that changed the structure of US financial markets as well as developments and innovations in US credit markets that created the context for crisis. It discusses the advent of dollar hegemony, the critical role of international reserves in generating credit, the emergence of the debt bubble in the 1980s and the mounting risks of debt in the new millennium. The author also proposes a systemic approach to monetary control, offering two new reform proposals. The analysis concludes that reforms are needed in order to support sustainable economic activity in the US and global economies. This volume will appeal to students and scholars of economics interested in international finance and banking, financial regulation and monetary policy implementation. It will also be of interest to business economists, lawyers, policymakers and journalists concerned with the effects of financial instability and involved in ongoing debates on financial and monetary reform.Trade Review‘This book provides a comprehensive assessment of how the monetary and financial system was transformed in the US during the last 50 years.’ -- Gökçer Özgür, Review of Keynesian EconomicsTable of ContentsContents: 1. Introduction and Summary Part I: The Unraveling of the 1930s-Era Framework 2. The Euro Market Erodes US Financial Structure 3. Commercial Paper Guarantees and the Emergence of a Parallel Banking System 4. ERISA Moves Savings into Securities Markets Part II: Deregulation and Financial Innovation Create the Context for Crisis 5. An Overview of Financial Restructuring and its Consequences 6. Securitization 7. Weaving the Web of Interconnectedness 8. Opaque Markets and Opaque Balance Sheets 9. Growing Concentration Leads to "Too Big to Fail" 10. Regulating the Post-Crisis System 11. Mending the Financial Safety Net for Savers Part III: The Advent of Globalization 12. Dollar Hegemony 13. Foreign Exchange Reserves 14. An Overview of Developments in Global Financial Markets in the 1990s Part IV: Building Toward Crisis in the Global Economy 15. Concerns and Warnings 16. Crises in the Periphery of the Global System 17. Liquidity Expansion in the Period Before the Crisis Part V: Debt and the Collapse of Monetary Control 18. The Failure to Halt the Emergence and Growth of the Debt Bubble 19. Rising Imbalances in Credit Flows 20. Mounting Risks of the Continuing Debt Bubble in the New Millennium 21. How Eroding Monetary Tools Facilitated Debt Creation 22. Monetary Tools: What They Are and How They Function 23. The Inability of Capital Requirements to Prevent or Moderate Financial Crises 24. How Crisis Reshaped the Monetary Toolkit Part VI: An Agenda for Monetary Reform 25. Introducing a Systemic Approach 26. Creating a System-wide Asset-based Reserve System 27. Implementing Policy Under the Current and Proposed Systems 28. Implications of the Proposed System for the Conduct of Policy Part VII: Reforming the Privatized International Monetary System 29. Can Special Drawing Rights Replace the Dollar and Other National Currencies as a Reserve Asset? 30. Restructuring Flows of Private International Investment into Emerging and Developing Economies 31. Reforming the International Payments System Part VIII: Conclusion 32. Building Toward Crisis in the Global Economy — Again Bibliography Index

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Book SynopsisThis cutting-edge Handbook puts economic nationalism in its historical context, from early industrialization to globalization. It explores how economic nationalism has emerged to new prominence in the post-globalization era as states are trying to protect their economies, societies, and cultures from unwanted external influences. Drawing together contributors from a wide range of disciplines, the Handbook demonstrates the many ways in which nationalisms and national cultures affect and are affected by the economy, paying attention to the different contexts in which they emerge. Chapters consider key topics including economic nationalism and climate change, resource nationalism, economic nationalism in left-wing ideologies and far-right party discourse, and dimensions of economic nationalism in the US, Russia, India and Japan. Providing a comprehensive analysis of the historical, theoretical, and geographical dimensions of economic nationalism, this Handbook will be a key resource for scholars and students of political economy, international economics and the history of economic thought. Its use of case studies from a range of countries will also be beneficial for policy makers and practitioners in these fields.Table of ContentsContents: Introduction to the Handbook of Economic Nationalism xi Andreas Pickel PART I ECONOMIC NATIONALISM: HISTORICAL AND THEORETICAL PERSPECTIVES 1 Economic nationalism in historical perspective 2 Ivan T. Berend 2 The political geography of economic nationalism 14 Natalie Koch 3 Economic nationalism in the Anthropocene 29 Daniele Conversi 4 Climate crisis, systemic transformation, and the role of nationalism 45 Andreas Pickel 5 Nationalism in left-wing ideologies of political economy 65 Thomas Fetzer 6 Varieties of currency nationalization and denationalization 81 Zenonas Norkus 7 Economic patriotism: the transformation of economic governance in 21st century capitalism 100 Ben Clift PART II RESOURCE NATIONALISM 8 Resource nationalism: risks and rewards 123 Peter Rutland 9 Resource nationalism and economic indigenization in Africa 137 Stefan Andreasson 10 Resource nationalism: historical contributions from Latin America 154 Antulio Rosales 11 Food and economic nationalism 170 Atsuko Ichijo PART III DIMENSIONS OF ECONOMIC NATIONALISM IN EUROPE 12 European economic nationalism 188 Klaus Müller 13 Economic nationalism in far-right party discourse 222 Valentina Ausserladscheider 14 Illiberal conservative developmental statism 236 Katharina Bluhm and Mihai Varga 15 Financial nationalism and democracy 255 Dóra Piroska 16 Economic nationalism in Germany and Italy 274 Klaus Müller PART IV DIMENSIONS OF ECONOMIC NATIONALISM: US, RUSSIA, INDIA AND JAPAN 17 Ethno-racial dimensions of economic nationalism in the United States 298 Amílcar Antonio Barreto 18 Imagining Russia as a state-civilization: ethnocultural and geoeconomic dimensions 314 Andrei Tsygankov and Pavel Tsygankov 19 Economic nationalism in India 326 Surajit Mazumdar 20 Structural economic nationalism and migration in Japan 352 Nana Oishi and Akira Igarashi Index

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Book SynopsisThis Handbook provides an overview of established and cutting-edge contributions to political economic thought. Chapters by leading and emerging scholars showcase the diverse approaches and productive debates among researchers. Separate sections of the book deal with political economy as an area of knowledge, its principal theoretical traditions, the dynamics and socio-ecological foundations of economic systems, and political economy’s interdisciplinary connections. Thirty-two chapters cover the full spectrum of contemporary political economy, including classical, Marxist, post-Keynesian, institutional, evolutionary, and feminist approaches, recent studies of capital as power, modern money theory, behavioural economics, social structures of accumulation, and race, gender and class. The volume concludes by reflecting on how these theories of political economy can contribute to making a better world. Pluralist and interdisciplinary in its approach, this Handbook is a key resource for students and teachers of political economy and heterodox economics, as well as for other social scientists wanting to understand political economic processes.Trade Review‘Mainstream economics, relative to heterodoxy and social science generally, is so extreme in methodology, theory and conceptualisations, it has spawned a variegated tsunami of alternative theories. This volume expertly and comprehensively engages this pluralism across schools, approaches and topics offering specialist insights alongside informative expositions – imperative reading for the intellectually open.’ -- Ben Fine, School of Oriental and African Studies (SOAS), UK‘Narrowly defined mainstream economics has clearly failed—after the Second Great Depression and in the midst of the Pandemic Depression, in addition to obscene and still-growing levels of inequality, the climate crisis, racial capitalism, and much else. This Handbook of Alternative Theories of Political Economy is exactly what is needed to expand the way we think about and do economics.’ -- David F. Ruccio, University of Notre Dame, US‘This excellent collection is a must-read book for anyone interested in learning more about political economy. The volume has been effectively organized with an inclusive approach that is not only pluralist but also interdisciplinary. The upshot of which is the facilitation of a broad, yet rigorous, understanding of political economy.’ -- Susanne Soederberg, Queen’s University, CanadaTable of ContentsContents: PART I POLITICAL ECONOMY AS AN AREA OF KNOWLEDGE 1 Introduction to the Handbook of Alternative Theories of Political Economy 2 Frank Stilwell, David Primrose and Tim B. Thornton 2 Capitalism, climate change and freedom 16 Elke Pirgmaier PART II IDENTIFYING FOUNDATIONAL APPROACHES TO POLITICAL ECONOMY 3 Classical political economy and its ongoing relevance 33 Jamie Morgan 4 The Marxist tradition in political economy 51 Bill Dunn 5 Institutional political economy 66 Arturo Hermann 6 Post Keynesian economics 83 John E. King 7 Feminist political economy 96 Jennifer Cohen and Heidi Hartmann 8 Sraffian political economy 110 Nuno Ornelas Martins PART III ANALYSING THE DYNAMICS OF ECONOMIC SYSTEMS 9 Circular and cumulative causation 126 Phillip Toner and Gavan Butler 10 Evolutionary political economy 140 Tae-Hee Jo 11 Neo-Schumpeterian economics 156 Rinaldo Evangelista 12 The regulation approach 173 Brett Heino 13 Social structures of accumulation 188 Terrence McDonough and David M. Kotz 14 Capital as power 201 Tim Di Muzio and Matt Dow 15 Foundations of modern money theory 216 L. Randall Wray 16 The Austrian school of economics 231 Peter J. Boettke, Rosolino Candela, Karras J. Lambert and Dillon Tauzin PART IV EXPLORING THE SOCIO-ECOLOGICAL FOUNDATIONS OF ECONOMIC SYSTEMS 17 Polanyian political economy 246 Joy Paton 18 Georgist political economy 260 Franklin Obeng-Odoom 19 Ecological economics 271 Neil Perry 20 Social economics 286 John B. Davis 21 A social property relations approach to class, gender, race 301 Andreas Bieler and Adam David Morton 22 The Systems of Provision approach 313 Robin Chang 23 The diverse economies approach 329 Jenny Cameron and J.K. Gibson-Graham PART V EXTENDING POLITICAL ECONOMY THROUGH INTERDISCIPLINARITY 24 Spatial political economy 344 Brett Christophers 25 Cultural political economy 355 Bob Jessop and Ngai-Ling Sum 26 Postcolonial and poststructural political economy 371 Penny Griffin 27 Behavioural economics and neuroeconomics 390 David Primrose PART VI MAKING A DIFFERENCE 28 Pluralism in political economy 412 Tim B. Thornton 29 Economics imperialism and a transdisciplinary perspective 428 Mario Cedrini and Joselle Dagnes 30 Approaches to, and measures of, progress 443 Pratistha Joshi Rajkarnikar 31 Advancing education in political economy 458 Frank Stilwell and Tim B. Thornton 32 Progressive economics and social change movements 476 Jim Stanford Index

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Book SynopsisThis ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate. The Neoliberal Paradox challenges the standard interpretations of neoliberalism that focus on limited government and free markets. Instead, Ray Kiely reveals the ways in which the neoliberal project is reliant on state power. The history and application of neoliberalism is discussed from the Austrian and ordo-liberal schools in the 1930s and the Chicago School after 1945, through to developments such as the New Right and the third way, before finally considering the impacts of the financial crisis of 2008, the rise of Trump and Brexit. By exploring the full breadth of neoliberal theory and practice, in addition to the arguments of key thinkers, Kiely explores how neoliberalism has renewed itself in times of crises and turns his gaze towards the future.This book will provide a stimulating read for academics and advanced students in the fields of politics, human geography and sociology, in addition to those working in the public sector.Trade Review'This is a unique and uniquely valuable book. Ray Kiely provides a forensic examination of neoliberal thought between the early 20th century and Donald Trump. The thinkers who dreamed up the world in which we live today are exposed as never before, and the social, political and economic theories that have supported neoliberalism and informed neoliberal policymaking are explained in beautiful prose. This book is essential for anyone working on, around, or against neoliberalism.' --Afredo Saad Filho, SOAS University of London, UK'Tired of neoliberalism? Think its over? Ray Kiely's new book not only explains better than any other what neoliberalism is, where it came from and how it operates through what he calls the 'inverted totalitarianism' of the economic domination of politics, it brilliantly analyzes how it has persisted through its own crisis over the decade since 2008, reinforced by the very bureaucratic state that it so paradoxically disparages. A truly indispensable book for our troubled times.' --Leo Panitch, York University, Canada'What a great read. In a highly laudable feat of characteristically lucid and detailed writing, Ray Kiely takes us behind the scenes of contemporary neoliberalism to show us how the world came to be recast in this way. If you think you already know all there is to know about these dynamics, think again. There will be lots new here for even the most hardened historian of neoliberal thinking. A must-read.' --Matthew Watson, University of Warwick, UKTable of ContentsContents: 1. Introduction Part I History and Theory 2. History and the crisis of liberal modernity: mass society and the crisis of the 1930s and 1940s 3. Neoliberalism and the crisis of liberal modernity in the 1930s 4. The second crisis of liberal modernity, the Chicago School and the rise of the New Right 5. Neoliberal theory: the core ideas Part II History and Practice 6. Neoliberalism in practice I: the 1980s 7. Neoliberalism in practice II: the 1990s to 2008 Part III Theory and Practice 8. Neoliberalism and the 2008 financial crisis 9. Actually existing neoliberalism I: post-politics and the new spirit of capitalism 10. Actually existing neoliberalism II: bureaucracy, corporate rule and the asset economy 11. Actually existing neoliberalism III: global competitiveness and inequality 12. Neoliberal theory assessed: the core ideas revisited 13. Conclusion: definitions, paradoxes and futures of neoliberalism Index

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