Dynamics of U.S. Capitalism

Dynamics of U.S. Capitalism
Author: Paul Marlor Sweezy
Publisher: NYU Press
Total Pages: 251
Release: 1972
Genre: Business & Economics
ISBN: 0853452253

This is the first of the series of four collections of essays in which Paul M. Sweezy and Harry Magdoff, the editors of Monthly Review, chronicled, as it was taking place, the development of U.S. and global capitalism from the end of its "golden age" in the late 1960s to the full onset of the financial explosion of the early 1990s and after. With exceptional clarity, the authors explain basic economic principles and bring them to life with concrete examples drawn from the daily workings of the corporations and the financial markets, and the international monetary system.

The Paradox of Democratic Capitalism

The Paradox of Democratic Capitalism
Author: David F. Prindle
Publisher: JHU Press
Total Pages: 389
Release: 2006-08-25
Genre: Political Science
ISBN: 0801889472

A truly interdisciplinary enterprise, The Paradox of Democratic Capitalism examines the interplay of ideas about politics, economics, and law in American society from the pre-revolutionary era to the eve of the September 11 attacks. David F. Prindle argues that while the United States was founded on liberalism, there is constant tension between two ideals of the liberal tradition: capitalism and democracy. Tracing the rise of natural law doctrine from neoclassical economics, Prindle examines the influence of economic development in late medieval society on the emergence of classical liberalism in early America and likens that influence to the impact of orthodox economics on contemporary American society. Prindle also evaluates political, economic, and legal ideas through the lens of his own beliefs. He warns against the emerging extremes of liberal ideology in contemporary American politics, where the right's definition of capitalism excludes interference from democratic publics and the left's definition of democracy excludes a market-based economy.

A Little Matter of Genocide

A Little Matter of Genocide
Author: Ward Churchill
Publisher: City Lights Books
Total Pages: 554
Release: 1997
Genre: History
ISBN: 9780872863231

Ward Churchill has achieved an unparalleled reputation as a scholar-activist and analyst of indigenous issues in North America. Here, he explores the history of holocaust and denial in this hemisphere, beginning with the arrival of Columbus and continuing on into the present. He frames the matter by examining both "revisionist" denial of the nazi-perpatrated Holocaust and the opposing claim of its exclusive "uniqueness," using the full scope of what happened in Europe as a backdrop against which to demonstrate that genocide is precisely what has been-and still is-carried out against the American Indians. Churchill lays bare the means by which many of these realities have remained hidden, how public understanding of this most monstrous of crimes has been subverted not only by its perpetrators and their beneficiaries but by the institutions and individuals who perceive advantages in the confusion. In particular, he outlines the reasons underlying the United States's 40-year refusal to ratify the Genocide Convention, as well as the implications of the attempt to exempt itself from compliance when it finally offered its "endorsement." In conclusion, Churchill proposes a more adequate and coherent definition of the crime as a basis for identifying, punishing, and preventing genocidal practices, wherever and whenever they occur. Ward Churchill (enrolled Keetoowah Cherokee) is Professor of American Indian Studies with the Department of Ethnic Studies at the University of Colorado-Boulder. A member of the American Indian Movement since 1972, he has been a leader of the Colorado chapter for the past fifteen years. Among his previous books have been Fantasies of a Master Race, Struggle for the Land, Since Predator Came, and From a Native Son.

Corporate Power, Oligopolies, and the Crisis of the State

Corporate Power, Oligopolies, and the Crisis of the State
Author: Luis Suarez-Villa
Publisher: State University of New York Press
Total Pages: 380
Release: 2014-12-09
Genre: Political Science
ISBN: 1438454872

The largest, wealthiest corporations have gained unprecedented power and influence in contemporary life. From cradle to grave the decisions made by these entities have an enormous impact on how we live and work, what we eat, our physical and psychological health, what we know or believe, whom we elect, and how we deal with one another and with the natural world around us. At the same time, government seems ever more subservient to the power of these oligopolies, providing numerous forms of corporate welfare—tax breaks, subsidies, guarantees, and bailouts—while neglecting the most basic needs of the population. In Corporate Power, Oligopolies, and the Crisis of the State, Luis Suarez-Villa employs a multidisciplinary perspective to provide unprecedented documentation of a growing crisis of governance, marked by a massive transfer of risk from the private sector to the state, skyrocketing debt, great inequality and economic insecurity, along with an alignment of the interests of politicians and a new, minuscule but immensely wealthy and influential corporate elite. Thanks to this dysfunctional environment, Suarez-Villa argues, stagnation and a vanishing public trust have become the hallmarks of our time.

Financialization and Macroeconomics

Financialization and Macroeconomics
Author: Giovanni Scarano
Publisher: Taylor & Francis
Total Pages: 215
Release: 2022-12-30
Genre: Business & Economics
ISBN: 1000823571

Financialisation has become a widely discussed and debated term leading to a plurality of perspectives, but no fixed definition or single reading. This book presents a critical exploration and review of the current literature on financialisation, focusing on the financialisation of NFCs and its possible implications for the macroeconomic and financial stability of advanced countries. Starting from this critical analysis, it proposes some new readings of the process of financialisation, linking it directly, on the one hand, to the evolution of interest-bearing capital and the credit system, and, on the other hand, to the historical tendencies of monopoly capital towards financial arrangements to manage corporate control. Finally, a conceptual scheme for interpretation and a mathematical model of corporate portfolio choice is developed to explain how the tendency in developed countries to place growing shares of social surplus in speculative financial channels can contribute to their long-term real stagnation. The book also underlines the excessive attention usually being paid to some micro-epiphenomena that show a fallacy of composition at the macroeconomic level and can lead to some misunderstandings of the general trends in capitalist evolution. Moreover, some doubts are raised about the extent to which financialisation actually represents a change to the present regime of accumulation. The book targets all the scholars who are interested in better understanding whether financialisation constitutes a profound change in the functioning of capitalist economic systems and what effects it can produce in social welfare in the advanced countries.

Post Keynesian Price Theory

Post Keynesian Price Theory
Author: Frederic S. Lee
Publisher: Cambridge University Press
Total Pages: 293
Release: 1999-02-04
Genre: Business & Economics
ISBN: 1139426974

This book sets out the foundations of post-Keynesian price theory. Blending theory and analysis it is the first comprehensive assessment of post-Keynesian price theory and its foundations. Scholars and students will particularly welcome the emphasis on the non-neoclassical and non-equilibrium nature of post-Keynesian price theory.

Elite Pluralism and Class Rule

Elite Pluralism and Class Rule
Author: Jayant Lele
Publisher: University of Toronto Press
Total Pages: 402
Release: 1981-12-15
Genre: Social Science
ISBN: 1487586574

Based on a study of recent political behaviour in a rural region of India, the author presents a critique of pluralist theories of democracy and advances a new approach to political sociology. Professor Lele insists that the politicians of Maharashtra sustain, however dispersed, a hegemonic class rule. The processes of development and modernization directly serve strategies of private gain through the public sphere; the elites continue to enclose the public sphere while propagating the myth of open competition. Case studies of local, state, and national politicans illustrate this behaviour and show how competition between powerful alliances is effectively moderated. The concluding section proposes a new comparative approach to political sociology. It demonstrates the inherent contradiction between domination and community, and argues for a historical analysis of the rise and fall of classes and ideologies. Professor Lele challenges the emphasis on modernization and instrumentality in contemporary social science, and suggests that the insights of Marx and Weber can lead to a more previse and universal framework for the study of societies.

Case Method and Pluralist Economics

Case Method and Pluralist Economics
Author: Kavous Ardalan
Publisher: Springer
Total Pages: 238
Release: 2017-12-09
Genre: Business & Economics
ISBN: 3319720716

This book discusses the relationship between pluralist economics and the case study method of teaching, advocating the complimentary use of both to advance economics education. Using a multi-paradigmatic philosophical frame of analysis, the book discusses the philosophical, methodological, and practical aspects of the case study method while drawing comparisons with those of the more commonly used lecture method. The book also discusses pluralist economics through the exposition of the philosophical foundations of the extant economics schools of thought, which is the focal point of the attention and admiration of pluralist economics. More specifically, the book discusses the major extant schools of thought in economics – Neo-Classical Economics, New Institutional Economics, Behavioral Economics, Austrian Economics, Post-Keynesian Economics, Institutional Economics, Radical Economics, and Marxist Economics—and emphasizes that these schools of thought in economics are equally scientific and informative, that they look at economic phenomena from their certain paradigmatic viewpoint, and that, together, they provide a more balanced understanding of the economic phenomenon under consideration. Emphasizing paradigmatic diversity as the cornerstone of both the case method and pluralist economics, the book draws the two together and makes an effective case for their combined use. A rigorous, multi-faceted analysis of the philosophy, methodology, and practice of economics education, this book is important for academicians and students interested in heterodox economics, philosophy, and education.

Stagnation and the Financial Explosion

Stagnation and the Financial Explosion
Author: Harry Magdoff
Publisher: NYU Press
Total Pages: 211
Release: 2019-02-15
Genre: Business & Economics
ISBN: 1583678263

This is the fourth in a continuing series of collected essays by the former editors of Monthly Review on the state of the U.S. economy and its relation to the global system. Like its predecessors, this volume focuses on the most recent phase of the development of U.S. capitalism, stressing the profound contradictions of the underlying processes of capital accumulation and pointing the way to the fundamental reforms that are the essential precondition for a real economic revival.