A SCHOLARLY BOOK REPOSITORY29 start with P start with P
Recent proposals to revive the ancient Silk Road for the contemporary era and ongoing Western interest in China’s growth and development have led to increased attention to the concept of pan-Asianism. Most of that discussion, however, lacks any historical grounding in the thought of influential twentieth-century pan-Asianists. In this book, Viren Murthy offers an intellectual history of the writings of theorists, intellectuals, and activists—spanning leftist, conservative, and right-wing thinkers—who proposed new ways of thinking about Asia in their own historical and political contexts. Tracing pan-Asianist discourse across the twentieth century, Murthy reveals a stronger tradition of resistance and alternative visions than the contemporary discourse on pan-Asianism would suggest. At the heart of pan-Asianist thinking, Murthy shows, were the notions of a unity of Asian nations, of weak nations becoming powerful, and of the Third World confronting the “advanced world” on equal terms—an idea that grew to include non-Asian countries into the global community of Asian nations. But pan-Asianists also had larger aims, imagining a future beyond both imperialism and capitalism. The fact that the resurgence of pan-Asianist discourse has emerged alongside the dominance of capitalism, Murthy argues, signals a profound misunderstanding of its roots, history, and potential.
The authors of this collection of essays examine the impact of capitalism on nineteenth- and early twentieth century pastoralists and discuss the historical transformations that have occurred in the lives and societies of herding peoples around the world. They argue that pastoralists were not simply passive recipients of change imposed by capitalist polities and that historical and economic factors impinging on their societies were as important as ecological ones. Collectively, these papers demonstrate that twentieth-century pastoralists and their nineteenth-century predecessors should not be seen as immutably locked in a pastoral "mode of production" but rather as actively negotiating encounters between themselves and the expanding power of capitalist states.
Mendoza explores the fraught intersection of the green economy with the New Left politics of the Néstor Kirchner and Cristina Fernández de Kirchner governments. Mendoza documents the strategies of capitalist development, national representation, and political rule embedded in the “green productivist” agenda pursued by Kirchner and Fernández. Mendoza shows how Andean Patagonian communities have responded to the challenges of community-based conservation, the fashioning of wilderness zones, and the drive to create place-based monopolies that allow ecotourism destinations to compete in the global consumer economy.
light on their seemingly odd marriage in contemporary American politics. Author Kevin Musgrave highlights the ways that theories of corporate and human personhood have long been and remain bound together by examining four case studies: the U.S. Supreme Court’s 1886 Santa Clara decision, the role of early twentieth-century advertisers in endowing corporations with souls, Justice Lewis Powell Jr.’s eponymous memo of 1971, and the arc of the conservative movement from Ronald Reagan to Donald Trump. Tracing this rhetorical history of the extension and attribution of personhood to the corporate form illustrates how the corporation has for many increasingly become a normative model or ideal to which human persons should aspire. In closing, the book offers preliminary ideas about how we might fashion a more democratic and humane understanding of what it means to be a person.
Although David Hume’s contributions to philosophy are firmly established, his economics has been largely overlooked. A Philosopher’s Economist offers the definitive account of Hume’s “worldly philosophy” and argues that economics was a central preoccupation of his life and work. Margaret Schabas and Carl Wennerlind show that Hume made important contributions to the science of economics, notably on money, trade, and public finance. Hume’s astute understanding of human behavior provided an important foundation for his economics and proved essential to his analysis of the ethical and political dimensions of capitalism. Hume also linked his economic theory with policy recommendations and sought to influence people in power. While in favor of the modern commercial world, believing that it had and would continue to raise standards of living, promote peaceful relations, and foster moral refinement, Hume was not an unqualified enthusiast. He recognized many of the underlying injustices of capitalism, its tendencies to promote avarice and inequality, as well as its potential for political instability and absolutism.
Hume’s imprint on modern economics is profound and far-reaching, whether through his close friend Adam Smith or later admirers such as John Maynard Keynes and Friedrich Hayek. Schabas and Wennerlind’s book compels us to reconsider the centrality and legacy of Hume’s economic thought—for both his time and ours—and thus serves as an important springboard for reflections on the philosophical underpinnings of economics.
Editors Benjamin S. Grossberg and Clare Rossini selected poems to reflect broad themes of labor, history and economic forces, social equity, and the environment. In addition, they asked each poet to provide a brief prose comment to introduce their work. Some give broad statements on the nature of wealth in America today; others are intimate, offering insight into how life experiences inform their writing; still others reflect on the art of poetry itself and its unique power to speak to economic pressures of the moment.
Contributors include Mary Jo Bang, Xochiquetzal Candelaria, Alan Chazaro, Mark Doty, Denise Duhamel, Tony Hoagland, Yusef Komunyakaa, Dorianne Laux, Kimiko Hahn, Sharon Olds, George Perreault, Robert Pinsky, Minnie Bruce Pratt, Afaa Michael Weaver, David Wojahn, and others.
Poker is an extraordinary worldwide phenomenon with major social, cultural, and political implications, and Poker: The Parody of Capitalism investigates the game of poker as a cultural expression of significance not unlike art, literature, film, or music. Tracing the history of poker and comparing the evolution of the game to the development of capitalism, Ole Bjerg complicates prevalent notions of “casino capitalism” and correspondingly facile and simplistic comparisons of late capitalism and poker. By employing Slavoj Žižek’s threefold distinction between imaginary-symbolic-real as a philosophical framework to analyze poker and to understand the basic strategies of the game, Bjerg explores the structural characteristics of poker in relation to other games, making a clear distinction between poker and other gambling games of pure chance such as roulette and craps. With its combination of social theory and empirical research, Poker offers an engaging exploration of a cultural trend.
"Poker is a theoretically sophisticated, highly original and innovative treatment of a contemporary social phenomenon, and contributes greatly to our understanding of the nature of contemporary capitalism."
—Charles Livingstone, Monash University Australia
The global economic crisis has exposed the limits of neoliberalism and dramatically deepened social polarization. Yet, despite increasing social resistance and opposition, neoliberalism prevails globally.
Radical alternatives, moreover, are only rarely debated. And if they are, such alternatives are reduced to new Keynesian and new developmental agendas, which fail to address existing class divisions and imperialist relations of domination.
This collection of essays polarizes the debate between radical and reformist alternatives by exploring head-on the antagonistic structure of capitalist development. The contributors ground their proposals in an international, non-Eurocentric and Marxian inspired analysis of capitalism and its crises. From Latin America to Asia, Africa to the Middle East and Europe to the US, social and labour movements have emerged as the protagonists behind creating alternatives.
This book’s new generation of scholars has written accessible yet theoretically informed and empirically rich chapters elaborating radical worldwide strategies for moving beyond neoliberalism, and beyond capitalism. The intent is to provoke critical reflection and positive action towards substantive change.
If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy.
A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.
Jude L. Fernando explores the paradoxical relationship between NGOs and capitalism, showing that supposedly progressive organisations often promote essentially the same policies and ideas as existing governments.
The book examines how a diverse group of NGOs have shaped state formation in Bangladesh and Sri Lanka. It argues that, rather than influencing state formation for the better, NGOs have been integrated into the capitalist system and their language adopted to give traditional exploitative social relations a transformative appearance.
This enlightening study will give pause to those who see NGOs as drivers of true social change and will encourage students of development studies to make a deeper analysis of state formation.
Reworking Marxist critique, these essays on Asia, Latin America, the Caribbean, North America, and Europe advance a new understanding of "cultural politics" within the context of transnational neocolonial capitalism. This perspective contributes to an overall critique of traditional approaches to modernity, development, and linear liberal narratives of culture, history, and democratic institutions. It also frames a set of alternative social practices that allows for connections to be made between feminist politics among immigrant women in Britain, women of color in the United States, and Muslim women in Iran, Egypt, Pakistan, and Canada; the work of subaltern studies in India, the Philippines, and Mexico; and antiracist social movements in North and South America, the Caribbean, and Europe. These connections displace modes of opposition traditionally defined in relation to the modern state and enable a rethinking of political practice in the era of global capitalism.
Contributors. Tani E. Barlow, Nandi Bhatia, Dipesh Chakrabarty, Chungmoo Choi, Clara Connolly, Angela Davis, Arturo Escobar, Grant Farred, Homa Hoodfar, Reynaldo C. Ileto, George Lipsitz, David Lloyd, Lisa Lowe, Martin F. Manalansan IV, Aihwa Ong, Pragna Patel, José Rabasa, Maria Josefina Saldaña-Portillo, Jaqueline Urla
The book opens with a review of the role of money in current society, an overview of the history of money creation and a critique of the main theoretical developments in economic thought. Alternative perspectives on money are then presented through a review of a number of radical perspectives but focusing mainly on the work of Marx, Veblen and the social credit perspective of Douglas and the guild socialists. In the final part of the book contemporary monetary theories and experiments are analysed within the theoretical and historical perspectives provided in the earlier chapters. The main argument of the book is that it is necessary to understand the crucial role of finance in driving the 'free market' economy if a democratic and sustainable economy is to be achieved.
The minimum wage appears to be a standard economic regulatory measure, yet a politics of symbolism more than anything else defines the political contests that periodically erupt over it. Detractors abhor its corruption of market principles, while supporters see it as a measure of society's symbolic commitment to the poor.
Tracing the history of the minimum wage and exposing its inherent contradictions as a political issue, Jerold Waltman proposes an alternative to the economic arguments that now dominate debates over it. Citing overwhelming public support for the minimum wage as evidence of an enduring civic consciousness and humanitarianism, Waltman advocates recasting the discussion in terms of a political economy of citizenship. Such a perspective would focus on the communal value of work, the need for citizens to have a stake in the community, and the effects of economic inequality on the bonds of common citizenship.
Positioning the minimum wage as a fulcrum for the most basic conflict underlying America's unique combination of democracy and a market economy, The Politics of the Minimum Wage shows how a defense of the minimum wage built on a communal sense of responsibility rests on a strong tradition of civic republicanism and strengthens the hope for a truly democratic society.
A Postcapitalist Politics reveals a prolific landscape of economic diversity—one that is not exclusively or predominantly capitalist—and examines the challenges and successes of alternative economic interventions. Gibson-Graham bring together political economy, feminist poststructuralism, and economic activism to foreground the ethical decisions, as opposed to structural imperatives, that construct economic “development” pathways. Marshalling empirical evidence from local economic projects and action research in the United States, Australia, and Asia, they produce a distinctive political imaginary with three intersecting moments: a politics of language, of the subject, and of collective action. In the face of an almost universal sense of surrender to capitalist globalization, this book demonstrates that postcapitalist subjects, economies, and communities can be fostered. The authors describe a politics of possibility that can build different economies in place and over space. They urge us to confront the forces that stand in the way of economic experimentation and to explore different ways of moving from theory to action.
J. K. Gibson-Graham is the pen name of Katherine Gibson and Julie Graham, feminist economic geographers who work, respectively, at the Australian National University in Canberra and the University of Massachusetts Amherst.
Why do so many people worldwide suffer hunger and poverty when there is enough food and other resources globally to prevent it? This book shows how famine and food insecurity are an essential part of modern capitalism. Although trade, debt relief and development initiatives are important, they do not alter the structure of the global economy and the poverty that is created by processes like privatisation, trade liberalisation and market reform.
Despite the rhetoric of the World Bank and the G8, high levels of poverty actually sustain western wealth and power. But there is some hope for change. Using case studies from Egypt and North Africa, Nigeria, Sudan and elsewhere in sub-Saharan Africa, Ray Bush illustrates that there is resistance to neoliberal policies, and that struggles over land, mining and resources can shape real alternatives to existing globalisation.
Capitalist growth is widely heralded as the only answer to the crisis still sweeping the global economy. Yet the era of corporate globalisation has been defined by unprecedented levels of inequality and environmental degradation. A return to capitalist growth threatens to exacerbate these problems, not solve them.
In The Poverty of Capitalism, John Hilary reveals the true face of transnational capital in its insatiable drive for expansion and accumulation. He exposes the myth of ‘corporate social responsibility’ (CSR), and highlights key areas of conflict over natural resources, labour rights and food sovereignty.
Hilary also describes the growing popular resistance to corporate power, as well as the new social movements seeking to develop alternatives to capitalism itself. This book will be essential reading for all those concerned with global justice, human rights and equity in the world order.
Hayek Book Prize Finalist
An Economist Best Book of the Year
A Foreign Affairs Best Book of the Year
From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism.
Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity.
To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.
In The Power of Mammon, Curtis D. Johnson describes how the market economy and market-related forces, such as the media, politics, individualism, and consumerism, radically changed the nature of Baptist congregational life in New York State during three centuries. Collectively, these forces emphasized the importance of material wealth over everything else, and these values penetrated the thinking of Baptist ministers and laypeople alike. Beginning in the 1820s, the pastorate turned into a profession, the laity’s influence diminished, closeknit religious fellowships evolved into voluntary associations, and evangelism became far less effective. Men, being the most engaged in the market, secularized the more quickly and became less involved in church affairs. By the 1870s, male disengagement opened the door to increased female participation in church governance. While scientific advances and religious pluralism also played a role, the market and its related distractions were the primary forces behind the secularization of Baptist life.
The Power of Mammon is history from the ground up. Unlike many denominational histories, this book emphasizes congregational life and the importance of the laity. This focus allows the reader to hear the voices of ordinary Baptists who argued over a host of issues. Johnson deftly connects large social trends with exhaustive attention to archival material, including numerous well-chosen records preserved by forty-two New York churches. These records include details related to membership, discipline, finance, and institutional history. Utilizing statistical analysis to achieve even greater clarity, Johnson effectively bridges the gap between the particularity of church records and the broader history of New York’s Baptist churches.
Johnson’s narrative of Baptist history in New York will serve as a model for other regional studies and adds to our understanding of secularization and its impact on American religion.
How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth. The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life.
Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy. We see how distinctly capitalist quantification techniques used to manage or invest in railroad corporations, textile factories, real estate holdings, or cotton plantations escaped the confines of the business world and seeped into every nook and cranny of society. As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities.
Today as in the nineteenth century, political struggles rage over who gets to determine the statistical yardsticks used to gauge the “health” of our economy and nation. The Pricing of Progress helps us grasp the limits and dangers of entrusting economic indicators to measure social welfare and moral goals.
From broken-window policing in Detroit to prison-building in Appalachia, exploring the expansion of the carceral state and its oppressive social relations into everyday life
Prison Land offers a geographic excavation of the prison as a set of social relations—including property, work, gender, and race—enacted across various landscapes of American life. Prisons, Brett Story shows, are more than just buildings of incarceration bound to cycles of crime and punishment. Instead, she investigates the production of carceral power at a range of sites, from buses to coalfields and from blighted cities to urban financial hubs, to demonstrate how the organization of carceral space is ideologically and materially grounded in racial capitalism.
Story’s critically acclaimed film The Prison in Twelve Landscapes is based on the same research that informs this book. In both, Story takes an expansive view of what constitutes contemporary carceral space, interrogating the ways in which racial capitalism is reproduced and for which police technologies of containment and control are employed. By framing the prison as a set of social relations, Prison Land forces us to confront the production of new carceral forms that go well beyond the prison system. In doing so, it profoundly undermines both conventional ideas of prisons as logical responses to the problem of crime and attachment to punishment as the relevant measure of a transformed criminal justice system.
Pan Am, Gimbel’s, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland—all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. “Creative destruction,” he said, is the driving force of capitalism.
Described by John Kenneth Galbraith as “the most sophisticated conservative” of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril—to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter’s view, the general prosperity produced by the “capitalist engine” far outweighs the wreckage it leaves behind.
During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983—the centennial of the birth of both men—Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate.
Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter’s writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world’s greatest economist, lover, and horseman—and admitted to failure only with the horses.
In The Protestant Ethic Revisited, pioneering sociologist Philip Gorski revisits the question raised by Max Weber in The Protestant Ethic and the Spirit of Capitalism about how the Christian West was reshaped by world-changing energies of the Calvinist movement. Gorski not only considers the perennial debate about religion and capitalism, but he also devotes particular attention to the influence of Calvinism on the political development of the West.
The Protestant Ethic Revisited is a masterful new collection of Gorski's essays on religion and comparative historical sociology. Reflecting the aim of much of Gorski's work, this anthology shows how nationalism, secularism, politics, and religion in public life are either older—or less stable—than previously thought.
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