Politics And Markets

Politics And Markets
Author: Out Of Print
Publisher: Basic Books
Total Pages: 420
Release: 1977
Genre: Political Science
ISBN: 9780465059577

The Politics of Free Markets

The Politics of Free Markets
Author: Monica Prasad
Publisher: University of Chicago Press
Total Pages: 339
Release: 2006-07-17
Genre: Business & Economics
ISBN: 0226679020

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.

Market Power Politics

Market Power Politics
Author: Stephen E. Gent
Publisher: Oxford University Press
Total Pages:
Release: 2021-01-12
Genre: Political Science
ISBN: 0197529828

A new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal. How are the Iraqi invasion of Kuwait, the Russian incursions into Ukraine and Georgia, and China's occupation of islands in the South China Sea related? All three of these important moments in modern history were driven by the motivation to capture market power. Whether it was oil for Iraq, natural gas for Russia, or rare earth elements for China, the goal isn't just the commodities themselves--it is the ability to determine their price on the global market. In Market Power Politics, Stephen Gent and Mark Crescenzi develop a new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal. Empirically examining case studies from different regions of the world, they explore how competition between states over market power can create disruptions in the global political economy and potentially lead to territorial aggression and war. They also provide clear policy recommendations, urging international institutions to establish norms that reduce the potential for open conflict. Ultimately, Market Power Politics shows that nations' desire to increase their market power means that the push for territorial expansion will continue to shape the trajectory of world politics.

Markets, Morals, Politics

Markets, Morals, Politics
Author: BŽla Kapossy
Publisher: Harvard University Press
Total Pages: 337
Release: 2018-03-19
Genre: Political Science
ISBN: 0674976339

When Istv‡n Hont died in 2013, the world lost a giant of intellectual history. A leader of the Cambridge School of Political Thought, Hont argued passionately for a global-historical approach to political ideas. To better understand the development of liberalism, he looked not only to the works of great thinkers but also to their reception and use amid revolution and interstate competition. His innovative program of study culminated in the landmark 2005 book Jealousy of Trade, which explores the birth of economic nationalism and other social effects of expanding eighteenth-century markets. Markets, Morals, Politics brings together a celebrated cast of HontÕs contemporaries to assess his influence, ideas, and methods. Richard Tuck, John Pocock, John Dunn, Raymond Geuss, Gareth Stedman Jones, Michael Sonenscher, John Robertson, Keith Tribe, Pasquale Pasquino, and Peter N. Miller contribute original essays on themes Hont treated with penetrating insight: the politics of commerce, debt, and luxury; the morality of markets; and economic limits on state power. The authors delve into questions about the relationship between states and markets, politics and economics, through examinations of key Enlightenment and pre-Enlightenment figures in contextÑHobbes, Rousseau, Spinoza, and many others. The contributors also add depth to HontÕs lifelong, if sometimes veiled, engagement with Marx. The result is a work of interpretation that does justice to HontÕs influence while developing its own provocative and illuminating arguments. Markets, Morals, Politics will be a valuable companion to readers of Hont and anyone concerned with political economy and the history of ideas.

Politics, Products, and Markets

Politics, Products, and Markets
Author: Frederick M. Wirt
Publisher: Routledge
Total Pages: 337
Release: 2017-09-14
Genre:
ISBN: 9781138530423

In contemporary life, the marketplace has emerged as an important arena for the practice of politics. Concerns about personal and family well-being as well as ethical or political assessment of favorable and unfavorable business and government practices become part and parcel of the marketplace of politics. This volume describes this phenomenon as political consumerism, reflecting an understanding of politics as a product embedded in a complex social and normative context. Politics, Products, and Markets is the first general study of political consumerism. It asks fundamental questions, including what is new and what is old about the phenomenon. The authors discuss the mediating role of political consumerism in the problematic relationship between markets and morality. They explore whether institutional arrangements have been developed to permit consumers and producers to assume ethical responsibility for their choices and behavior. They ask why political consumerism is presently on the rise. And they investigate the relationship between globalization and political consumerism. Part 1, "Making Money Morally," discusses how political consumerism challenges the perceived division between private interests pursued by private actors in the market and public interests pursued through political means. Part 2, "Consumer Choices and Setting of the Agenda of Politics," contains examples of how political consumerism sets the agenda of politics and discusses its democratic quality. Part 3, "Building Responsible Institutions in Multi-Risk Society," has as its central theme the development of new political consumer institutions. Part 4, "Politicizing Consumers and Change in Politics," studies the characteristics of political consumers and raises the question of whether political consumerism really is politics. This volume will be of interest to social scientists, social activists, and policy institutes.

Market-Driven Politics

Market-Driven Politics
Author: Colin Leys
Publisher: Verso
Total Pages: 294
Release: 2003-07-17
Genre: Business & Economics
ISBN: 9781859844977

This book provides an original analysis of the key processes of commodification of public services, the conversion of public-service workforces into employees motivated to generate profit, and the role of the state in absorbing risk.

Democracy and the Market

Democracy and the Market
Author: Adam Przeworski
Publisher: Cambridge University Press
Total Pages: 230
Release: 1991-07-26
Genre: Business & Economics
ISBN: 9780521423359

The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

The Politics of Order in Informal Markets

The Politics of Order in Informal Markets
Author: Shelby Grossman
Publisher: Cambridge University Press
Total Pages: 167
Release: 2021-06-24
Genre: Business & Economics
ISBN: 1108833497

This book introduces a theory for how the state shapes private governance, leveraging data from informal markets in Lagos, Nigeria.

Democratic Processes and Financial Markets

Democratic Processes and Financial Markets
Author: William Bernhard
Publisher: Cambridge University Press
Total Pages: 237
Release: 2006-07-24
Genre: Political Science
ISBN: 1107320992

The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.

Government and Markets

Government and Markets
Author: Edward J. Balleisen
Publisher: Cambridge University Press
Total Pages: 579
Release: 2010
Genre: Business & Economics
ISBN: 0521118484

After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.