Search results for ""Author Mario Amendola""

Disorder and Public Concern Around Globalization examines the contrast between an idealized vision and a realistic view of globalization. Both are inscribed in the contemporary debate within political and economic theory. This opposition highlights the conditions under which wealth creation and equitable distribution can outweigh the mere diversion of value and deepening of inequalities. This book shows how facts and ideas can explain the shape currently taken by globalization, the latest innovation of market economies. Still, the unpredictable path followed depends on the attitudes of entrepreneurs and capital holders who arbitrate between short- and long-term timescales, between value creation and rent collection: attitudes driven by the same organizations and institutions that shape markets, structure the social order and ensure the viability of the current transition.

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Mario Amendola and Jean-Luc Gaffard argue that all too often, markets and technology are treated as two magic words that will open the door to a wealth of riches. An increasing number of governments appear to be aiming for a pure market economy in order to reap the benefits of a benevolent technology that promises the most spectacular advances. Both markets and technology can certainly be considered essential economic factors, but which market and what technology? Is the current prevailing view of competition without restraints and privatisation at all costs actually the essence of the market? This book maintains that the dominant view mistakes the relationship between growth and technical change and, as a consequence, the role of the market in this context. The authors argue that once the issue is analysed in the proper light, the usual ingredients of the dominant policy recipe - zero inflation, balanced budgets, privatisations, deregulation of all markets, extreme flexibility - may not actually be the appropriate ones.The Market Way to Riches will appeal to academics from many branches of economics including heterodox, evolutionary and macroeconomics and those with an interest in economic growth generally. Policy makers influencing economic growth will also find much to engage them.

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