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Recent institutional changes have seen the increasing dominance of globalization and neoliberalism in the world economy. As markets have been…
deregulated, privatization and unproductive government spending have been promoted. Yet the greater volatility of capitals, the emergence of many financial crises, a decline in trust, and environmental problems have cast doubt on the effectiveness of neoliberal globalization. This book studies the impact of neoliberal globalization on growth and development in the world economy. It scrutinizes whether new social structures of accumulation or modes of regulation have emerged to promote long-term socioeconomic performance in the global economy during the early years of the twenty-first century. Special reference is given to the specific performance of neoliberal governance; transnational corporations; global institutions of money, trade and production; international relations of war and terrorism; financial institutions; and the family-community environment. It is a comprehensive analysis of the degree to which institutional development has managed to promote socioeconomic performance in the global economy. It also presents a thorough policy program of action for long wave upswing in the world economy. It will be especially useful for those scholars and students concerned with issues of governance, global political economy, institutions and macroeconomicsArtistic Capital
By David Galenson. 2005
At what stage of their careers do great artists produce their most important work? In a series of studies that…
bring new insights and new dimensions to the study of artistic creativity, Galenson’s new book examines the careers of more than one hundred modern painters, poets and novelists to reveal a powerful relationship between age and artistic creativity. Analyzing the careers of major literary and artistic figures, such as Cézanne, van Gogh, Dickens, Hemingway and Plath, Galenson highlights the different methods by which artists have made innovations. Pointing to a new and richer history of the modern arts, this book is of interest, not only to humanists and social scientists, but to anyone interested in the nature of human creativity in general.The Airline Business
By Rigas Doganis. 2005
The airline industry is currently faced with its longest and deepest crisis to date: many airlines are losing hundred of…
millions of US dollars, several have collapsed entirely and others have been rescued by their governments. This crisis has been precipitated by external shocks such as the attack on the Twin Towers in New York, the invasion of Iraq and the SARS epidemic. In addition, the effect of these events has been exacerbated by dynamic and potentially destabilizing internal developments. Comprehensive and thorough, this revealing book gives a detailed analysis of the crucial events and key developments which have impacted, and will continue to impact on the dynamics of the airline industry. Special attention is paid to: the key challenges faced by the airlines such as continued liberalization and ‘open skies’ the impacts of global alliances new low-cost and no-frills carriers on-line selling and distribution privatization the impact of disasters. Leading industry authority Rigas Doganis examines the future prospects for the changing airline business and assesses alternative policies which could help the sector adapt to the shifting marketplace. Ideal for students, researchers and professionals in the fields of economics and business, industry and transportation studies, this second edition of his definitive book brings the story right up to date.Interest in contemporary cultural industries has grown in the past decade, as they take on a greater significance in our…
increasingly consumer-led society. Focusing on the world of fashion photography, this book presents an interdisciplinary approach in which this and other aesthetic markets, such as advertising, modelling, art, music and more, can be viewed. The main thrust of this groundbreaking book, is in developing a theory for these cultural markets, characterized by insecurity, and where status and aesthetic diversity generate order and price differentiation. In these industries, services and products are offered that are a mix of the aesthetic and the economic, and for fashion photographers such as those studied here, it is necessary to carefully position themselves in the market by developing unique photographic styles and separating themselves from competitors. Yet the markets in which these industries operate differ from the type of exchange markets depicted by neoclassical economists, and therefore cannot be considered using such modes of analysis. Instead Aspers conducts his study using empirical phenomenology, an original approach presented here for the first time, which can be easily used in other empirical studies. He draws on original empirical material; participant observation and interviews generated in New York and Stockholm; which bring a depth of analysis and a relevance to this book which academics, researchers and those with a vested interest in such industries will value. Written by one of the world's brightest young economic sociologists, this fascinating book (previously published in Sweden and enthusiastically received) is endorsed by recognized industry authorities. A noteworthy book, it provides a foothold in the burgeoning sub discipline of economic sociology, and a significant analysis of the economics of the fashion photography industry.The Costs of Crime and Justice
By Mark A. Cohen, Mark A Cohen. 2005
In The Costs of Crime and Justice, Mark Cohen presents a comprehensive view of the financial setbacks of criminal behaviour.…
Victims of crime might incur medical costs, lost wages and property damage; while for some crimes pain, suffering and reduced quality of life suffered by victims far exceeds any physical damage. The government also incurs costs as the provider of mental health services, police, courts and prisons.Cohen argues that understanding the costs of crime can lead to important insights and policy conclusions - both in terms of criminal justice policy but also in terms of other social ills that compete with crime for government funding. This book systematically discusses the numerous methodological approaches and tallies up what is known about the costs of crimeA must-read for anyone involved in public policy, The Costs of Crime and Justice consolidates the diverse research in this area but also makes one of the most valuable contributions to date to the study of the economics of criminal behavior.The Euro in the 21st Century clarifies the perception of the euro and empirically demonstrates that the euro has become…
a true common currency and the Eurozone a true optimal currency area, presenting, in turn, a model to imitate. In order to demonstrate this, this study analyzes the economic and monetary requirements and policies required to introduce a common currency as well as the theoretical underpinnings of both the European integration process and the historical economic, monetary, political, and social circumstances that favoured the creation of the economic and monetary union. Furthermore, this book sheds light on how the current economic and monetary circumstances are affecting the euro project through and analysis of three intertwined issues. It studies how the economic chaos and financial uproar, which has plagued the Eurozone and world economy since 2008, has affected the single-currency regime as well as the current image of the euro worldwide. Moreover it summarizes the lesson to be learnt from what can be considered 'the first euro crisis'. Finally, it thoroughly analyzes the behaviour of the US Federal Reserve, the European Central Bank, and the International Monetary Fund during this crisis. This book draws on and contributes to several bodies of literature within Political Economy, Economics, and International Relations and is particularly relevant at this time given that the current unfolding economic imbalances are causing some Eurozone Member States to rethink their economic and political views concerning the euro.Overcoming Inequality in Latin America: Issues and Challenges for the 21st Century (Routledge Studies in Development Economics)
By Ricardo Gottschalk, Patricia Justino. 2005
Latin America is faced with the challenge of achieving the Millennium Developmental Goal to halve poverty in the region by…
2015. Historically, this region has experienced persistently high levels of inequality and poverty, the causes and consequences of which are analytically examined here. Adopting a multidimensional approach, this informative book focuses on the mechanisms that lead to higher inequality and emphasizes the role of macroeconomics, trade rules, capital flows and the political electoral process. It analyzes how inequality has hindered development, how it interacts with a nation’s economic, social and political processes, and how inequality constrains these processes in ways that weakens the prospect of establishing and sustaining a dynamic, wealthy and creative society. An international team of specialist contributors investigate and explain these crucial issues. Examining the key economic policies and reforms which have exacerbated the region’s extremely high inequality levels, throughout this book they prescribe an alternative range of policy suggestions to help alleviate inequality and provide the foundations for more equitable development.Feminist Economics and the World Bank: History, Theory and Policy (Routledge IAFFE Advances in Feminist Economics #3)
By Drucilla K. Barker, Edith Kuiper. 2005
The past decade has witnessed a paradigm shift at the World Bank from a focus on structural adjustment to a…
focus on poverty reduction. As evidenced by the Bank’s 2001 report, Engendering Development: Through Rights, Resource and Voice, an increased attention to gender issues has been an important part of this process. This book brings together a range of responses from feminist economists and other social researchers on the issues raised in this report. With contributions from highly esteemed scholars such as Eudine Barriteau, Diane Elson, Gale Summerfield, and Zafiris Tzannatos, this anthology critically examines the relationships between gender, growth, development, and the World Bank by: developing a history of the World Bank’s perspectives on gender empirically evaluating the impacts of the Banks’ policies on three different regions of the world exploring the ideological and methodological commitments of the report from a variety of feminist and interdisciplinary social science perspectives enquiring into future directions for feminist economics research. Highlighting the importance and challenge of taking gender into account in development theory and policy, this book’s complex and nuanced analyses of the social relations of gender in a global context make it an important resource for policymakers, activists and scholars alike.Achille Nicolas Isnard (1749-1803) an engineer with a keen interest in political economy, is best known for demonstrating the concept…
of market equilibrium using a system of simultaneous equations. The breadth and depth of his work undoubtedly established him as one of the forerunners of modern mathematical economics, yet his seminal contributions to the study of economics remained largely unrecognized until the latter half of the twentieth century. This pioneering new book, the first in English, examines Isnard’s life and illuminates his major contributions to political economy. It contains substantial extracts from a number of his publications presented both in English translation and in the original French so Isnard can now finally achieve his place at the heart of discussion on the origins of mathematical economics. The diverse issues covered here will ensure that this book appeals not only to economists with an interest in the history of mathematical economics, but to anyone interested in the emergence of political economy and in wider social thought during the Enlightenment.Originally published over two decades ago, this classic text within the philosophy of economics is a tour de force against…
revealed preference. It critically examines the research programme carried out by the Nobel Prize winner Paul Samuelson on the revealed preference approach to the theory of consumer behaviour. It also challenges two essential premises: * that the programme has been completed * that the various contributions of Samuelson are mutually consistent. This text contains a new preface by Wong, in which he provides a detailed insight into the origins of his pioneering text, and a new introduction from Philip Mirowski, analyzing the impact The Foundation of Paul Samuelson’s Revealed Preference Theory has had on the discipline of economics as well as explaining why it remains core reading for economists today. The defining statement of economic method, this book will be of interest to economists everywhere.Modern Applications of Austrian Thought (Routledge Frontiers of Political Economy)
By Jürgen G. Backhaus. 2005
Austrian economics is often criticized as being hostile to empirical research and seen purely as an ideology. In contrast, the…
purpose of this book is to show that Austrian economics provides an interesting approach to most conceivable subjects in economics. Edited by Jürgen G. Backhaus, this comprehensive volume includes Austrian analysis of: health economics labour economics taxation business cycle theory property rights. Contributors include Roger Koppl, Bart Nooteboom, Larry Moss, Dick Wagner and Gerrit Meijer, and this significant book will prove invaluable to students of economics and will make interesting reading for applied economists in any area of application.Citizenship in a Global World: European Questions and Turkish Experiences (Routledge Studies in Governance and Change in the Global Era)
By Fuat Keyman, Ahmet Icduygu. 2005
A keen analysis of the social, political and economic determinants of Turkish politics with an exploration of the different dimensions…
of the republican model of Turkish citizenship, providing the reader with a comprehensive account of Turkish modernity and democracy. At the beginning of a new millennium, Turkey finds itself at a critical juncture in its democratic evolution. This momentous event has been precipitated by its desire to enter into the European Union and the recent financial crisis it has faced, both of which have fuelled the need for the creation of a strong, democratic Turkey.Consisting of a collection of innovative and influential essays by leading scholars, this book gives the reader an historical and sociological understanding of Turkey and adds a new dimension to the ongoing discussion surrounding global citizenship and global identity.Trade, Growth and Inequality in the Era of Globalization (Routledge Studies in Development Economics #Vol. 53)
By Oliver Morrissey, Kishor Sharma. 2005
In recent years, globalization has been the subject of considerable research and comment. A major phenomenon, it is open to…
a variety of interpretations. In particular, the debate over trade liberalization, growth and inequality has come under close scrutiny as demonstrations against globalization have gathered pace. This volume provides a much needed comparative study of the link between globalization, growth and inequality. It assesses how globalization affects growth, inequality and poverty in developing and transition countries. Paying particular attention to eleven low and middle income countries, the authors argue that globalization can actually help reduce poverty and inequity when institutions and physical infrastructures are efficient. Divided into four parts, the book documents the lessons drawn from case studies on Africa, Latin America and Central Asia. A fascinating book which sheds light on many globalization issues, Trade, Growth and Inequality in the Era of Globalization will be of interest to students and researchers of development economics, globalization and international trade.Economists in Cambridge: A Study through their Correspondence, 1907-1946 (Routledge Studies in the History of Economics #Vol. 74)
By Maria Cristina Marcuzzo, Annalisa Rosselli. 2005
The University of Cambridge has produced more Nobel Prize-winning economists than the whole of France. This impressive book collects together…
largely unpublished correspondence from some of the twentieth century's key figures including Keynes, Robinson, Hayek and Sraffa.Globalization in the 1990s provided both opportunities and challenges for developing and transition economies. Though for some, it offered the…
chance to achieve economic growth through active involvement in the integrated and liberalized world economy, it also increased their vulnerability to external shocks and volatility. As a consequence, stakeholders at every level of the development and transition process – international organizations, national governments and the private sector – had to review their strategies in order to adjust to the new world economic environment. As the Mexican peso crisis of 1994-1995 and the Asian financial crisis of 1997-1998 showed dramatically, the cost of maladjustment was not only very high but it also affected many more stakeholders than before, due to the contagious effects of crises. This revealing book analyzes the different methods employed to manage globalization and development. Bringing together an international team of contributors, including Barbara Stallings, Alicia Giron and J. C. Ferraz, it will prove to be a valuable resource for those involved in the fields of development economics and political economy.Based on documentary materials including interviews with key players in China, this book charts the development of non-governmental and non-profit…
organizations in China from the late 1970s to the present day. It recounts how in the aftermath of the 1978 reforms that created a market economy and diversified interests and social life, new institutions and organizations outside of the state system increased dramatically in number, size and influence. These organizations, which barely existed before the reforms began in the late 1970s, carry out many social, economic and cultural tasks neglected by the government. Qiusha Ma examines two key questions crucial to understanding the development of NGOs in China: First, is it possible under China’s one-party state for non-governmental organizations to thrive and play important economic, social and political functions? And secondly, are NGOs facilitating the formation of a civil society in China?Using a comparative framework, this new volume focuses on how non-standard employment can be regulated in very different social, political…
and institutional settings. After surveying these new forms of work and the new demands for labour-market regulation, the authors identify possible solutions among local-level actors and provide a detailed analysis of how firms assess the advantages and disadvantages of flexible forms of employment. The authors provide six detailed case studies to examine the successes and failures of experimental approaches and social innovation in various regions in the UK, France, Germany, Italy and Spain.Implications of the Euro: A Critical Perspective from the Left
By Mark Baimbridge, Philip Whyman, Brian Burkitt. 2005
To date, critical analysis of the EMU project has largely been advanced from the centre-right spectrum of British politics. Comparable…
questions from the centre-left have failed to find a coherent voice. Although, the European fault-line cannot be characterized as a neat Left-Right issue there are noticeable divisions in opinion across British business, the trade union movement and within the Labour Party. Offering a unique insight into this key debate from the ‘centre-left’, eurosceptic view point, this book provides a rigorous analysis of all the salient economic and political issues of concern, such as: * the economics of a single currency* employment and social implications* sovereignty* political determination. The arguments presented in this volume highlight the emergence of a coherent alternative to deepening economic integration as a platform to build a just and equitable society. Contributions are drawn from leading academics, trade union leaders and prominent politicians, both from the Labour Party and the wider progressive Left in British politics. This informative and thought provoking book will be indispensable reading for students and practitioners in economics, politics and international relations, as well as those interested in this highly contentious topic.Education in the Third World (Routledge Library Editions: Development)
By Keith Watson. 1975
This reissue examines the crucial question of how the education systems of Third World countries continue to be influenced by…
the former colonial powers, arguing that decisions and views made early in the twentieth century cannot always be so readily condemned from the standpoint of the 1980s. The study begins by placing the problem in its historical context and goes on to examine different regions of the Third World influenced by colonialism. It concludes with a contemporary global overview of current colonial dependency and provides a detailed and comprehensive bibliography on different facets of education and colonialism.International Finance and Latin America (Routledge Library Editions: Development)
By Stephany Griffith-Jones. 1984
This reissue, initially published in 1984, examines the evolution of international financial flows to Latin America since 1945, along with…
their implications for National Development . The book describes how, in each of the first three decades since the war, a new agency emerged (foreign investors in the 1950s, official aid agencies in the 1960s and multinational banks in the 1970s) which was willing to play a dynamic role in generating new financial flows to the region. The lack of such an agent in the 1980s, combined with a reluctance on the part of former investors to maintain their level of assistance culminated in an economic debt crisis in Latin America which this work seeks to address, asking the crucial question: what measures should be taken – both nationally and internationally – to deal with this critical issue , in a way that will both encourage Latin American Development and avoid a major international financial crisis?