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245 books about Economic Policy and 25
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245 books about Economic Policy and 25
245 books about Economic Policy
25 start with P start with P
25 start with P start with P
Pay without Performance
The Unfulfilled Promise of Executive Compensation
Lucian Bebchuk
Harvard University Press, 2006
The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders.
Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives.
This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.
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Plowshares into Swords
Weaponized Knowledge, Liberal Order, and the League of Nations
David Ekbladh
University of Chicago Press, 2022
An in-depth look at how the ideas formulated by the interwar League of Nations shaped American thinking on the modern global order.
In Plowshares into Swords, David Ekbladh recaptures the power of knowledge and information developed between World War I and World War II by an international society of institutions and individuals committed to liberal international order and given focus by the League of Nations in Geneva. That information and analysis revolutionized critical debates in a world in crisis. In doing so, Ekbladh transforms conventional understandings of the United States’ postwar hegemony, showing that important elements of it were profoundly influenced by ideas that emerged from international exchanges. The League’s work was one part of a larger transnational movement that included the United States and which saw the emergence of concepts like national income, gross domestic product, and other attempts to define and improve the standards of living, as well as new approaches to old questions about the role of government. Forged as tools for peace these ideas were beaten into weapons as World War II threatened. Ekbladh recounts how, though the US had never been a member of the organization, vital parts of the League were rescued after the fall of France in 1940 and given asylum at the Institute for Advanced Study in Princeton. However, this presence in the US is just one reason its already well-regarded economic analyses and example were readily mobilized by influential American and international figures for an Allied “war of ideas,” plans for a postwar world, and even blueprints for the new United Nations. How did this body of information become so valuable? As Ekbladh makes clear, the answer is that information and analysis themselves became crucial currencies in global affairs: to sustain a modern, liberal global order, a steady stream of information about economics, politics, and society was, and remains, indispensable.
In Plowshares into Swords, David Ekbladh recaptures the power of knowledge and information developed between World War I and World War II by an international society of institutions and individuals committed to liberal international order and given focus by the League of Nations in Geneva. That information and analysis revolutionized critical debates in a world in crisis. In doing so, Ekbladh transforms conventional understandings of the United States’ postwar hegemony, showing that important elements of it were profoundly influenced by ideas that emerged from international exchanges. The League’s work was one part of a larger transnational movement that included the United States and which saw the emergence of concepts like national income, gross domestic product, and other attempts to define and improve the standards of living, as well as new approaches to old questions about the role of government. Forged as tools for peace these ideas were beaten into weapons as World War II threatened. Ekbladh recounts how, though the US had never been a member of the organization, vital parts of the League were rescued after the fall of France in 1940 and given asylum at the Institute for Advanced Study in Princeton. However, this presence in the US is just one reason its already well-regarded economic analyses and example were readily mobilized by influential American and international figures for an Allied “war of ideas,” plans for a postwar world, and even blueprints for the new United Nations. How did this body of information become so valuable? As Ekbladh makes clear, the answer is that information and analysis themselves became crucial currencies in global affairs: to sustain a modern, liberal global order, a steady stream of information about economics, politics, and society was, and remains, indispensable.
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Poland's New Capitalism
Jane Hardy
Pluto Press, 2009
Poland was central to the historic changes that took place across Eastern Europe at the end of the Cold War. It is the largest economy in the region, and was at the forefront of opposition to communism, with the rise of Solidarity in the 1980s. This book explores the way that neoliberal policies have formed the basis of transformation, championed by both post-communist and post-Solidarity governments.
Jane Hardy provides a rigorous assessment of the impact of these policies on everyday lives and Poland's place in the European and global economy. These are firmly set in the context of the complex and dynamic political economy of the country. The role of capital in the form of transnational corporations and foreign direct investment is central to the analysis. The revival of trade unions and growth of new social movements are explored as they challenge Poland's new capitalism.
No other book studies Poland's recent history in such depth. This book will be a key text for students of political economy, international relations, social movements and labour studies.
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The Political Economy of Dual Transformations
Market Reform and Democratization in Hungary
David L. Bartlett
University of Michigan Press, 1997
In the early 1990s, scholars voiced skepticism about the capacity of Eastern Europe's new democracies to manage simultaneous political and economic reform. They argued that the surge of popular participation following democratization would thwart efforts by successor governments to enact market reforms that imposed high costs on major elements of post-Communist society. David Bartlett challenges the conventional wisdom regarding the hazards of "dual transformations": far from hindering marketization, democratization facilitated it. Bartlett argues that the transition to democracy in East Central Europe lowered the political barriers to market reforms by weakening the ability of actors most vulnerable to marketization to manipulate the existing institutional structure to stop or slow down the process.
Although the analysis focuses on Hungary, whose long history of market reforms makes it an ideal vehicle for assessing the impact of institutional change on reform policy, the author shows how his findings call into question the use of "shock therapy" and arguments, based on the experience in East Asia, that economic development and democratization are incompatible.
This book will appeal to economists, political scientists, and others interested in transition problems in formerly communist countries, democratic transitions, and the politics of stabilization and adjustment.
David L. Bartlett is Assistant Professor of Political Science, Vanderbilt University.
Although the analysis focuses on Hungary, whose long history of market reforms makes it an ideal vehicle for assessing the impact of institutional change on reform policy, the author shows how his findings call into question the use of "shock therapy" and arguments, based on the experience in East Asia, that economic development and democratization are incompatible.
This book will appeal to economists, political scientists, and others interested in transition problems in formerly communist countries, democratic transitions, and the politics of stabilization and adjustment.
David L. Bartlett is Assistant Professor of Political Science, Vanderbilt University.
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The Political Economy of Expertise
Information and Efficiency in American National Politics
Kevin M. Esterling
University of Michigan Press, 2004
The Political Economy of Expertise is a carefully argued examination of how legislatures use expert research and testimony. Kevin Esterling demonstrates that interest groups can actually help the legislative process by encouraging Congress to assess research and implement well-informed policies.
More than mere touts for the interests of Washington insiders, these groups encourage Congress to enact policies that are likely to succeed while avoiding those that have too great of a risk of failure. The surprising result is greater legislative efficiency. The Political Economy of Expertise illustrates that this system actually favors effective and informed decision making, thereby increasing the likelihood that new policies will benefit the American public.
More than mere touts for the interests of Washington insiders, these groups encourage Congress to enact policies that are likely to succeed while avoiding those that have too great of a risk of failure. The surprising result is greater legislative efficiency. The Political Economy of Expertise illustrates that this system actually favors effective and informed decision making, thereby increasing the likelihood that new policies will benefit the American public.
Kevin M. Esterling is Assistant Professor at the University of California, Riverside.
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The Political Economy of Israel's Occupation
Repression Beyond Exploitation
Shir Hever
Pluto Press, 2010
The Israeli occupation of the Palestinian territories since 1967 has many important economic aspects that are often overlooked. In this highly original book, Shir Hever shows that understanding the economic dimensions of the occupation is crucial to unravelling the Israeli-Palestinian conflict.
Hever rejects the premise that Israel keeps control over Palestinian territories for material gain, and also the premise that Israel is merely defending itself from Palestinian aggression. Instead, he argues that the occupation has reached an impasse, with the Palestinian resistance making exploitation of the Palestinians by Israeli business interests difficult, but the Israeli authorities reluctant to give up control.
With traditional economic analysis failing to explain this turn of events, this book will be invaluable for students, activists and journalists struggling to make sense of the complex issues surrounding Israel's occupation.
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The Political Economy of Latin America in the Postwar Period
Edited by Laura Randall
University of Texas Press, 1998
The historic and increasing interdependence of the Latin American and U.S. economies makes an understanding of the political economies of Latin American nations particularly timely and important. After World War II, many nations initially implemented import substituting industrialization policies. Their outcomes, and the shift in policies, are related to the domestic policies and world economic conditions that led to government deficits, inflation, foreign borrowing, debt renegotiation, and renewed emphasis on common markets and other devices to stimulate trade and investment. In The Political Economy of Latin America in the Postwar Period, important policy measures are evaluated, such as indexation of prices and contracts; special provisions for financing the government through the Central Bank; stabilization; and deregulation of the economy. The introduction presents trends in Latin American growth and the factors that influence them. This is followed by parallel studies of the economic development of Argentina, Brazil, Chile, Cuba, Ecuador, Mexico, and Peru from 1945 to the mid-1990s. Noted experts bring their considerable experience to analyzing the content and impact of the economic theories that guided policymaking and their effects on output, income, and quality of life.
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Politics, Markets, and Grand Strategy
Foreign Economic Policies as Strategic Instruments
Lars S. Skalnes
University of Michigan Press, 2000
Why do states sometimes discriminate in favor of certain states and at other times choose to pursue nondiscriminatory policies? In answering these questions, Lars S. Skålnes stresses the international political importance of foreign economic policy, arguing that trade, foreign investment, and foreign aid policies are strategic instruments great powers use to manage political and military relations with allies and adversaries.
Skålnes explains changes in foreign economic policy in terms of shifting strategic assessments regarding the importance of military support from allies. When states need military support from their allies to meet threats to their security, they will adopt discriminatory foreign economic policies in an attempt to strengthen alliance relations. When states can go it alone without military support, by contrast, they will not pursue foreign economic policies that discriminate in favor of either allies or other countries. Discriminatory policies, Skalnes argues, are important strategic instruments for several reasons. First, they can be used to tie countries to a military alliance. Second, they are useful as signals of intention. Third, discriminatory policies may strengthen an ally militarily by increasing the economic resources available for military purposes.
Skålnes provides detailed accounts of the grand strategies of Germany (1879-1914), France (1887-1914), Great Britain (1919-1939), and the United States (1945-1967).
Politics, Markets, and Grand Strategy will be important reading for scholars and students in the fields of national security studies, international political economy, and economic history, and to economists working on problems associated with foreign investment and trade generally and customs union theory and discriminatory trade agreements specifically.
Lars S. Skålnes is Associate Professor of Political Science, University of Oregon.
Skålnes explains changes in foreign economic policy in terms of shifting strategic assessments regarding the importance of military support from allies. When states need military support from their allies to meet threats to their security, they will adopt discriminatory foreign economic policies in an attempt to strengthen alliance relations. When states can go it alone without military support, by contrast, they will not pursue foreign economic policies that discriminate in favor of either allies or other countries. Discriminatory policies, Skalnes argues, are important strategic instruments for several reasons. First, they can be used to tie countries to a military alliance. Second, they are useful as signals of intention. Third, discriminatory policies may strengthen an ally militarily by increasing the economic resources available for military purposes.
Skålnes provides detailed accounts of the grand strategies of Germany (1879-1914), France (1887-1914), Great Britain (1919-1939), and the United States (1945-1967).
Politics, Markets, and Grand Strategy will be important reading for scholars and students in the fields of national security studies, international political economy, and economic history, and to economists working on problems associated with foreign investment and trade generally and customs union theory and discriminatory trade agreements specifically.
Lars S. Skålnes is Associate Professor of Political Science, University of Oregon.
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The Politics of Free Markets
The Rise of Neoliberal Economic Policies in Britain, France, Germany, and the United States
Monica Prasad
University of Chicago Press, 2006
The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany?
In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.
In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.
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The Politics of Money
Towards Sustainability and Economic Democracy
Frances Hutchinson, Mary Mellor, and Wendy Olsen
Pluto Press, 2002
On the whole, classical and radical economists have marginalised the role of money, most particularly the role of credit, in driving the machinery of accumulation and exclusion. Although critiques of capitalism from Marxist, feminist, ecological and many other perspectives abound, The Politics of Money is unique in gathering the strengths of these differing critiques into a coherent whole. The authors have drawn upon their varied expertise in economics and the social sciences to produce the foundations of a new political economy that will enable communities to reconstruct their socio-economic fabric through social and political control of money systems.
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 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.
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Politics, Process, and American Trade Policy
Sharyn O'Halloran
University of Michigan Press, 1994
Offers important new insights into how American trade policy is set
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Politics within the State
Elite Bureaucrats and Industrial Policy in Authoritarian Brazil
Ben Ross Schneider
University of Pittsburgh Press, 1991
Brazil was one of the most successful examples of state-led industrialization in the post-1945 era. Yet, on the surface, the Brazilian bureaucracy appears highly fragmented, personalized, and ad-hoc. Ben Ross Schneider looks behind this façade to explain how the Brazilian bureaucracy contributes to industrialization by analyzing career patterns and appointments which structure incentives and power more than formal organizations or institutions. Politics and personalism, of the right sort, Schneider argues, can in fact enhance policy effectiveness and state capacity.
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Polycentric Games and Institutions
Readings from the Workshop in Political Theory and Policy Analysis
Michael D. McGinnis, Editor
University of Michigan Press, 2000
Polycentric Games and Institutions summarizes contributions to the analysis of institutions made by scholars associated with the Workshop in Political Theory and Policy Analysis at Indiana University.
The readings in this volume illustrate several varieties of institutional analysis. Each reading builds upon the foundation of game theory to address similar sets of questions concerning institutions and self-governance. The chapters in the first section lay out interrelated frameworks for analysis. Section two illustrates the normative component of institutions and their effects on human behavior. Readings in the following two sections detail how these frameworks have been applied to models of specific situations. Section five presents a modeling exercise exploring the functions of monitoring and enforcement, and the sixth section discusses approaches to the problems of complexity that confront individuals playing polycentric games. The final readings provide overviews of experimental research on the behavior of rational individuals.
Contributors include Arun Agrawal, Sue E. S. Crawford, Clark C. Gibson, Roberta Herzberg, Larry L. Kiser, Michael McGinnis, Stuart A. Marks, Elinor Ostrom, Vincent Ostrom, James Walker, Franz J. Weissing, John T. Williams, and Rick Wilson.
Michael McGinnis is Associate Professor, Department of Political Science and Co-Associate Director, Workshop in Political Theory and Policy Analysis, Indiana University.
The readings in this volume illustrate several varieties of institutional analysis. Each reading builds upon the foundation of game theory to address similar sets of questions concerning institutions and self-governance. The chapters in the first section lay out interrelated frameworks for analysis. Section two illustrates the normative component of institutions and their effects on human behavior. Readings in the following two sections detail how these frameworks have been applied to models of specific situations. Section five presents a modeling exercise exploring the functions of monitoring and enforcement, and the sixth section discusses approaches to the problems of complexity that confront individuals playing polycentric games. The final readings provide overviews of experimental research on the behavior of rational individuals.
Contributors include Arun Agrawal, Sue E. S. Crawford, Clark C. Gibson, Roberta Herzberg, Larry L. Kiser, Michael McGinnis, Stuart A. Marks, Elinor Ostrom, Vincent Ostrom, James Walker, Franz J. Weissing, John T. Williams, and Rick Wilson.
Michael McGinnis is Associate Professor, Department of Political Science and Co-Associate Director, Workshop in Political Theory and Policy Analysis, Indiana University.
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Polycentric Governance and Development
Readings from the Workshop in Political Theory and Policy Analysis
Michael D. McGinnis, Editor
University of Michigan Press, 1999
How do local communities collectively manage those resources that are most important to their own survival or prosperity? Wherever they are located, all communities face similar dilemmas of collective action: how can common goals be realized despite the presence of individual incentives to over-exploit common resources for private gain? The readings collected in Polycentric Governance and Development show the achievements of scholars associated with the Workshop in Political Theory and Policy Analysis at Indiana University in understanding how communities have dealt with dilemmas of collective action. Their analyses also have profound implications for broader issues of development.
The central insight of the research collected in the volume is this: much can be learned by a careful examination of the ways in which local communities have organized themselves to solve collective problems, achieve common aspirations, and resolve conflicts. The first two sections deal with efforts to manage water and other common-pool resources on a relatively small scale. Section three moves to the macro-level of analysis, with particular attention given to examples of constitutional order from Africa, while section four demonstrates that local organizations and informal networks can play essential roles in furthering democratization and development. The concluding section addresses issues at the national level, by linking the practical world of resource management and development policy to the abstract world of the policy analyst. This collection of essays is designed to illustrate how all the pieces fit together and to suggest connections among multiple levels and modes of analysis.
Contributors include Paula C. Baker, William Blomquist, Larry L. Kiser, Ronald J. Oakerson, Elinor Ostrom, Vincent Ostrom, Roger B. Parks, Stephen L. Percy, Charles M. Tiebout, Martha Vandivort, Robert Warren, Gordon P. Whitaker, and Rick Wilson.
Michael McGinnis is Associate Professor, Department of Political Science and Co-Associate Director, Workshop in Political Theory and Policy Analysis, Indiana University.
The central insight of the research collected in the volume is this: much can be learned by a careful examination of the ways in which local communities have organized themselves to solve collective problems, achieve common aspirations, and resolve conflicts. The first two sections deal with efforts to manage water and other common-pool resources on a relatively small scale. Section three moves to the macro-level of analysis, with particular attention given to examples of constitutional order from Africa, while section four demonstrates that local organizations and informal networks can play essential roles in furthering democratization and development. The concluding section addresses issues at the national level, by linking the practical world of resource management and development policy to the abstract world of the policy analyst. This collection of essays is designed to illustrate how all the pieces fit together and to suggest connections among multiple levels and modes of analysis.
Contributors include Paula C. Baker, William Blomquist, Larry L. Kiser, Ronald J. Oakerson, Elinor Ostrom, Vincent Ostrom, Roger B. Parks, Stephen L. Percy, Charles M. Tiebout, Martha Vandivort, Robert Warren, Gordon P. Whitaker, and Rick Wilson.
Michael McGinnis is Associate Professor, Department of Political Science and Co-Associate Director, Workshop in Political Theory and Policy Analysis, Indiana University.
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Polycentricity and Local Public Economies
Readings from the Workshop in Political Theory and Policy Analysis
Michael D. McGinnis, Editor
University of Michigan Press, 1999
The study of metropolitan political economies in the United States has provided much of the intellectual inspiration for the research of the Workshop in Political Theory and Policy Analysis at Indiana University. The readings collected in Polycentricity and Local Public Economies present an overview of the results of this research program on police services and metropolitan governance as well as enduring lessons for institutional analysis and public policy.
Polycentricity and Local Public Economies presents both explorations of broad general concepts and specific empirical analyses. The many interactions between the two modes of analysis provide valuable insights for the reader. Readings in the first section cover basic theoretical concepts and analytical distinctions that apply to the study of institutions generally. The second section includes conceptual pieces specifically addressed to the nature of governance in metropolitan areas, while section three reports on a series of empirical studies of police performance. Section four again broadens the focus to highlight the overall organization of local public economies. The final section discusses conceptual advances that have continuing relevance for research and policy debates.
Contributors include William Blomquist, Kathryn Firmin-Sellers, Roy Gardner, Dele Olowu, Elinor Ostrom, Vincent Ostrom, Amos Sawyer, Edella Schlager, Shui Yan Tang, Wai Fung Lam, and James S. Wunsch.
Michael McGinnis is Associate Professor, Department of Political Science and Co-Associate Director, Workshop in Political Theory and Policy Analysis, Indiana University.
Polycentricity and Local Public Economies presents both explorations of broad general concepts and specific empirical analyses. The many interactions between the two modes of analysis provide valuable insights for the reader. Readings in the first section cover basic theoretical concepts and analytical distinctions that apply to the study of institutions generally. The second section includes conceptual pieces specifically addressed to the nature of governance in metropolitan areas, while section three reports on a series of empirical studies of police performance. Section four again broadens the focus to highlight the overall organization of local public economies. The final section discusses conceptual advances that have continuing relevance for research and policy debates.
Contributors include William Blomquist, Kathryn Firmin-Sellers, Roy Gardner, Dele Olowu, Elinor Ostrom, Vincent Ostrom, Amos Sawyer, Edella Schlager, Shui Yan Tang, Wai Fung Lam, and James S. Wunsch.
Michael McGinnis is Associate Professor, Department of Political Science and Co-Associate Director, Workshop in Political Theory and Policy Analysis, Indiana University.
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A Postcapitalist Politics
J.K. Gibson-Graham
University of Minnesota Press, 2006
Is there life after capitalism? In this creatively argued follow-up to their book The End of Capitalism (As We Knew It), J. K. Gibson-Graham offer already existing alternatives to a global capitalist order and outline strategies for building alternative economies.
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.
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.
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The Post-Cold War Trading System
Who's on First?
Sylvia Ostry
University of Chicago Press, 1997
With the end of the Cold War, the search for a new international and economic order has begun. In this comprehensive account, Sylvia Ostry provides a critical analysis of an international trade system in the throes of rapid and far-reaching change.
With keen historical awareness, Ostry examines the role of key economic power brokers, particularly the United States, in the reconstruction and reconfiguration of an international economy after World War II. She argues that U.S. policy efforts were so successful that they led to an unprecedented renewal of economic growth, living standards, and education levels in postwar Europe and Japan. Ironically, those same policy successes unintentionally fostered the relative decline of U.S. dominance on the world trade scene as the reduction of trade and investment barriers prompted friction and conflict between different kinds of capitalist systems.
Identifying the historical and legal issues key to postwar trade policy, Ostry has commandingly charted our economic course through the last half of this century and, perhaps, into the next.
"Sylvia Ostry knows this subject as few others do, both as a scholar of international trade issues and a major player in the ongoing negotiations that have created the rules of the trade game. The Post-Cold War Trading System is a fine summary of where we've been and where we ought to be going."—Peter Passell, economic scene columnist for The New York Times
With keen historical awareness, Ostry examines the role of key economic power brokers, particularly the United States, in the reconstruction and reconfiguration of an international economy after World War II. She argues that U.S. policy efforts were so successful that they led to an unprecedented renewal of economic growth, living standards, and education levels in postwar Europe and Japan. Ironically, those same policy successes unintentionally fostered the relative decline of U.S. dominance on the world trade scene as the reduction of trade and investment barriers prompted friction and conflict between different kinds of capitalist systems.
Identifying the historical and legal issues key to postwar trade policy, Ostry has commandingly charted our economic course through the last half of this century and, perhaps, into the next.
"Sylvia Ostry knows this subject as few others do, both as a scholar of international trade issues and a major player in the ongoing negotiations that have created the rules of the trade game. The Post-Cold War Trading System is a fine summary of where we've been and where we ought to be going."—Peter Passell, economic scene columnist for The New York Times
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The Power of Market Fundamentalism
Karl Polanyi’s Critique
Fred Block
Harvard University Press, 2014
What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time.
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The Price of Democracy
How Money Shapes Politics and What to Do about It
Julia Cagé
Harvard University Press, 2020
Why and how systems of political financing and representation in Europe and North America give outsized influence to the wealthy and undermine democracy, and what we can do about it.
One person, one vote. In theory, everyone in a democracy has equal power to decide elections. But it’s hardly news that, in reality, political outcomes are heavily determined by the logic of one dollar, one vote. We take the political power of money for granted. But does it have to be this way? In The Price of Democracy, Julia Cagé combines economic and historical analysis with political theory to show how profoundly our systems in North America and Europe, from think tanks and the media to election campaigns, are shaped by money. She proposes fundamental reforms to bring democracy back into line with its egalitarian promise.
Cagé shows how different countries have tried to develop legislation to curb the power of private money and to develop public systems to fund campaigns and parties. But these attempts have been incoherent and unsystematic. She demonstrates that it is possible to learn from these experiments in the United States, Europe, and elsewhere to design a better system that would increase political participation and trust. This would involve setting a strict cap on private donations and creating a public voucher system to give each voter an equal amount to spend in support of political parties. More radically, Cagé argues that a significant fraction of seats in parliamentary assemblies should be set aside for representatives from disadvantaged socioeconomic groups.
At a time of widespread political disenchantment, The Price of Democracy is a bracing reminder of the problems we face and an inspirational guide to the potential for reform.
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The Private Abuse of the Public Interest
Market Myths and Policy Muddles
Lawrence D. Brown and Lawrence R. Jacobs
University of Chicago Press, 2008
Despite George W. Bush’s professed opposition to big government, federal spending has increased under his watch more quickly than it did during the Clinton administration, and demands on government have continued to grow. Why? Lawrence Brown and Lawrence Jacobs show that conservative efforts to expand markets and shrink government often have the ironic effect of expanding government’s reach by creating problems that force legislators to enact new rules and regulations. Dismantling the flawed reasoning behind these attempts to cast markets and public power in opposing roles, The Private Abuse of the Public Interest urges citizens and policy makers to recognize that properly functioning markets presuppose the government’s ability to create, sustain, and repair them over time.
The authors support their pragmatic approach with evidence drawn from in-depth analyses of education, transportation, and health care policies. In each policy area, initiatives such as school choice, deregulation of airlines and other carriers, and the promotion of managed care have introduced or enlarged the role of market forces with the aim of eliminating bureaucratic inefficiency. But in each case, the authors show, reality proved to be much more complex than market models predicted. This complexity has resulted in a political cycle—strikingly consistent across policy spheres—that culminates in public interventions to sustain markets while protecting citizens from their undesirable effects. Situating these case studies in the context of more than two hundred years of debate about the role of markets in society, Brown and Jacobs call for a renewed focus on public-private partnerships that recognize and respect each sector’s vital—and fundamentally complementary—role.
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Privatization and Political Change in Mexico
Judith A. Teichman
University of Pittsburgh Press, 1996
Since 1983, Mexico has undergone a rapid and thorough economic restructuring program, with privatization at the core. The government has divested itself of hundreds of public companies, increasing the role of private capital, both domestic and foreign. Supporters have argued that divestiture would have positive implications for Mexican democracy, but Judith A. Teichman concludes that political and economic power in Mexico is more concentrated and exclusionary than ever. She uses extensive field research, including interviews with top political and business leaders to describe and analyze the process by which the Mexican state has reformed its mammoth public enterprise sector.
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Protest and the Politics of Blame
The Russian Response to Unpaid Wages
Debra Javeline
University of Michigan Press, 2003
The wage arrears crisis has been one of the biggest problems facing contemporary Russia. At its peak, it has involved some $10 billion worth of unpaid wages and has affected approximately 70 percent of the workforce. Yet public protest in the country has been rather limited. The relative passivity of most Russians in the face of such desperate circumstances is a puzzle for students of both collective action and Russian politics. In Protest and the Politics of Blame, Debra Javeline shows that to understand the Russian public's reaction to wage delays, one must examine the ease or difficulty of attributing blame for the crisis.
Previous studies have tried to explain the Russian response to economic hardship by focusing on the economic, organizational, psychological, cultural, and other obstacles that prevent Russians from acting collectively. Challenging the conventional wisdom by testing these alternative explanations with data from an original nationwide survey, Javeline finds that many of the alternative explanations come up short. Instead, she focuses on the need to specify blame among the dizzying number of culprits and potential problem solvers in the crisis, including Russia's central authorities, local authorities, and enterprise managers. Javeline shows that understanding causal relationships drives human behavior and that specificity in blame attribution for a problem influences whether people address that problem through protest.
Debra Javeline is Assistant Professor of Political Science, Rice University.
Previous studies have tried to explain the Russian response to economic hardship by focusing on the economic, organizational, psychological, cultural, and other obstacles that prevent Russians from acting collectively. Challenging the conventional wisdom by testing these alternative explanations with data from an original nationwide survey, Javeline finds that many of the alternative explanations come up short. Instead, she focuses on the need to specify blame among the dizzying number of culprits and potential problem solvers in the crisis, including Russia's central authorities, local authorities, and enterprise managers. Javeline shows that understanding causal relationships drives human behavior and that specificity in blame attribution for a problem influences whether people address that problem through protest.
Debra Javeline is Assistant Professor of Political Science, Rice University.
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The Public Option
How to Expand Freedom, Increase Opportunity, and Promote Equality
Ganesh Sitaraman
Harvard University Press, 2019
A solution to inequalities—in health care, retirement, education, recreation, communication—is as close as the public library, post office, community pool, or elementary school. The Public Option shows that opportunities to develop reasonably priced government-provided services that coexist with private options are all around us.
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Public Spirit in the Thrift Tragedy
Mark Carl Rom
University of Pittsburgh Press, 1996
Winner of the Harold Lasswell Award of the American Political Science Association
The FSFIC failed spectacularly during the 1980s, costing taxpayers an estimated $200 billion. In this award-winning analysis, Rom examines the political causes of this “thrift tragedy.” He directly confronts-and rejects-the dominant scholarly “public choice” view that public officials were motivated mainly be self-interest. Instead, Rom argues that politicians and bureaucrats generally acted in the “public spirit” by attempting to obtain the common interest as they saw it. Using new evidence and innovative methods, Rom demonstrates that FSLIC's failure unfolded because of commitments that officials had made in the past and their uncertainties about how to fulfill these obligations in the future.
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Putting Faith in Partnerships
Welfare-to-Work in Four Cities
Stephen V. Monsma
University of Michigan Press, 2004
Putting Faith in Partnerships addresses a major conceptual change in American domestic policy, begun by Reagan and now fully realized by the Bush administration: the shift of responsibility for social services from the federal government to states and communities.
In this groundbreaking study of a politically controversial topic---the debut offering in Alan Wolfe's Contemporary Political and Social Issues series---author Stephen Monsma avoids overheated rhetoric in favor of a careful, critical analysis of the hard evidence on whether public-private partnerships really work.
The book is based on in-depth studies of social service programs in Los Angeles, Chicago, Philadelphia, and Dallas. By examining public-private partnerships between government offices and nonprofit organizations, Monsma seeks to understand how these partnerships affect the balance between government's efforts to deal with social problems and the rights of individual citizens to control their own lives.
Putting Faith in Partnerships answers many previously unanswered questions in what may be the most controversial public policy debate today: about the feasibility and wisdom of government agencies forming partnerships with private organizations to provide essential public social services.
In this groundbreaking study of a politically controversial topic---the debut offering in Alan Wolfe's Contemporary Political and Social Issues series---author Stephen Monsma avoids overheated rhetoric in favor of a careful, critical analysis of the hard evidence on whether public-private partnerships really work.
The book is based on in-depth studies of social service programs in Los Angeles, Chicago, Philadelphia, and Dallas. By examining public-private partnerships between government offices and nonprofit organizations, Monsma seeks to understand how these partnerships affect the balance between government's efforts to deal with social problems and the rights of individual citizens to control their own lives.
Putting Faith in Partnerships answers many previously unanswered questions in what may be the most controversial public policy debate today: about the feasibility and wisdom of government agencies forming partnerships with private organizations to provide essential public social services.
Stephen V. Monsma is Professor of Political Science at Pepperdine University. He has served as director of the Office of Quality Review in Michigan's Department of Social Services and is a widely recognized expert on the role of faith-based organizations in social service programs.
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