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Author: Joseph E. Stiglitz Publisher: MIT Press ISBN: 9780262691826 Category : Business & Economics Languages : en Pages : 360
Book Description
The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book, Joseph Stiglitz explains how the neoclassical, or Walrasian model (the formal articulation of Adam Smith's invisible hand), which has dominated economic thought over the past half century, may have wrongly encouraged the belief that market socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater theoretical insight into the workings of a market economy and clearer guidance for the setting of policy in transitional economies. Stiglitz sees the critical failing in the standard neoclassical model underlying market socialism to be its assumptions concerning information, particularly its failure to consider the problems that arise from lack of perfect information and from the costs of acquiring information. He also identifies problems arising from its assumptions concerning completeness of markets, competitiveness of markets, and the absence of innovation. Stiglitz argues that not only did the existing paradigm fail to provide much guidance on the vital question of the choice of economic systems, the advice it did provide was often misleading.
Author: Joseph E. Stiglitz Publisher: MIT Press ISBN: 9780262691826 Category : Business & Economics Languages : en Pages : 360
Book Description
The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book, Joseph Stiglitz explains how the neoclassical, or Walrasian model (the formal articulation of Adam Smith's invisible hand), which has dominated economic thought over the past half century, may have wrongly encouraged the belief that market socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater theoretical insight into the workings of a market economy and clearer guidance for the setting of policy in transitional economies. Stiglitz sees the critical failing in the standard neoclassical model underlying market socialism to be its assumptions concerning information, particularly its failure to consider the problems that arise from lack of perfect information and from the costs of acquiring information. He also identifies problems arising from its assumptions concerning completeness of markets, competitiveness of markets, and the absence of innovation. Stiglitz argues that not only did the existing paradigm fail to provide much guidance on the vital question of the choice of economic systems, the advice it did provide was often misleading.
Author: Gary Blank Publisher: John Hunt Publishing ISBN: 1780997566 Category : History Languages : en Pages : 126
Book Description
Does China represent a non-capitalist alternative to neoliberal development models? Commentators on the left have offered sharply divergent assessments over the last two decades. A few still cling the old dream of market socialism, twinning efficiency with social justice. For most, however, China is proof that market reforms invariably yield dispossession, inequality, and capitalist restoration. Is the East Still Red? argues that both interpretations are wrong and exhibit a common failure to distinguish between market mechanisms and capitalist imperatives. Gary Blank situates the Chinese experience within broader Marxist debates on socio-historical transitions and primitive accumulation, highlighting the need to conceptualize capitalism as a unique system in which producers and appropriators depend on the market for their reproduction. Despite years of marketization, the mandarins in Beijing have not yet imposed full market dependence in industry and agriculture. He shows how the resistance of workers and peasants, the imperatives of party-state legitimacy, and the reproductive strategies of individual Communist officials and managers all act to perpetuate central aspects of a bureaucratic-collectivist system, in which direct producers and bureaucrats are effectively merged with the means of production. The People’s Republic may be a non-capitalist market alternative, albeit one that is hardly edifying for socialists.
Author: Xudong Zhang Publisher: Duke University Press ISBN: 9780822342304 Category : History Languages : en Pages : 364
Book Description
Xudong Zhang offers a critical analysis of China's 'long 1990s', the tumultuous years between the 1989 Tiananmen Square crackdown and China's entry into the World Trade Organisation in 2001.
Author: Andrew Baruch Wachtel Publisher: John Wiley & Sons ISBN: 0745654576 Category : Literary Criticism Languages : en Pages : 298
Book Description
For most English-speaking readers, Russian literature consists of a small number of individual writers - nineteenth-century masters such as Dostoevsky, Tolstoy and Turgenev - or a few well-known works - Chekhov's plays, Brodsky's poems, and perhaps Master and Margarita and Doctor Zhivago from the twentieth century. The medieval period, as well as the brilliant tradition of Russian lyric poetry from the eighteenth century to the present, are almost completely terra incognita, as are the complex prose experiments of Nikolai Gogol, Nikolai Leskov, Andrei Belyi, and Andrei Platonov. Furthermore, those writers who have made an impact are generally known outside of the contexts in which they wrote and in which their work has been received. In this engaging book, Andrew Baruch Wachtel and Ilya Vinitsky provide a comprehensive, conceptually challenging history of Russian literature, including prose, poetry and drama. Each of the ten chapters deals with a bounded time period from medieval Russia to the present. In a number of cases, chapters overlap chronologically, thereby allowing a given period to be seen in more than one context. To tell the story of each period, the authors provide an introductory essay touching on the highpoints of its development and then concentrate on one biography, one literary or cultural event, and one literary work, which serve as prisms through which the main outlines of a given period?s development can be discerned. Although the focus is on literature, individual works, lives and events are placed in broad historical context as well as in the framework of parallel developments in Russian art and music.
Author: Keith Breen Publisher: Routledge ISBN: 0429516541 Category : Political Science Languages : en Pages : 256
Book Description
Bringing together leading international scholars within the fields of social and political theory and philosophy, this book explores how we should understand work and its role(s) in our lives and wider society. What challenges are posed by work in our changing economy and the new economic forms that are beginning to emerge, and how can we best address these challenges? In what ways do patterns of working, as well as work technologies, shape people’s lives within and outside work, in particular their life opportunities and their social and natural environment? How might we organize—or seek to reorganize—workplaces so that the experience of work better reflects our shared ethical ideals and normative principles? This volume examines these vital questions in a comprehensive and systematic manner in order to provide much needed theoretical insight and practical guidance in reflecting on the nature, problems, and possibilities of work currently. This book will be of interest to undergraduate and postgraduate students and established academics in the areas of contemporary political theory and philosophy, social theory, legal philosophy, labour studies, the sociology of work, practical ethics, critical theory, and political activism.
Author: C.M. Hann Publisher: Routledge ISBN: 1134504462 Category : History Languages : en Pages : 358
Book Description
Social scientist did not predict the collapse of the socialist system in 1989-91. Their attempts to explain postsocialism have not been comprehensive. This book examines why, for the first time from an anthropological standpoint.
Author: Joseph Heath Publisher: HarperCollins Canada ISBN: 1554687691 Category : Social Science Languages : en Pages : 390
Book Description
Economists have a bad reputation. Not only do they assume that everyone is self-interested and amoral, they are almost always cheerleaders for the free market. As a result, most people who do not already share their beliefs ignore everything that economists have to say. This is a problem. Even among the highly educated, economics is a minefield of fallacies and errors. Among those who know little about the subject—a group that includes the average taxpayer and consumer, as well as most journalists, political activists and politicians—almost every widely held belief is false. The level of economic illiteracy is stunning. Filthy Lucre aims to level the playing field and, in this time of enormous market volatility and unprecedented instability, raise our level of economic literacy. Drawing on everyday examples to skewer the six favourite economic fallacies of the right and then the left, we learn why the right wing so wrongly believes that capitalism is the natural order of things, that any tax cut is a good tax cut, and that personal responsibility can solve any problem. And, contrary to how the left feels, why we must resist the urge to fiddle with prices, why the pursuit of profit is not such a bad thing, and why, despite efforts to improve or even fix wages, some jobs will always suck.
Author: Geoffrey M. Hodgson Publisher: Edward Elgar Publishing ISBN: 1789901626 Category : Business & Economics Languages : en Pages : 235
Book Description
After being proclaimed dead, there is now a major revival of socialism ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Further experiments in that direction must be subordinate to higher principles of liberal solidarity, involving a mixed market economy with a welfare state.
Author: Joseph E. Stiglitz
Author: Joseph E. Stiglitz
Author: David Harvey
Author: Gary Blank
Author: Yves Guyot
Author: Xudong Zhang
Author: Andrew Baruch Wachtel
Author: Keith Breen
Author: C.M. Hann
Author: Joseph Heath
Author: Geoffrey M. Hodgson