The Captured Economy

The Captured Economy

In The Captured Economy, Brink Lindsey and Steven M. Teles identify a new culprit for increasing inequality: the government-corporate sector nexus.

Author: Brink Lindsey

Publisher: Oxford University Press

ISBN: 9780190627768

Category: Business & Economics

Page: 240

View: 101

The relentless increase of inequality in twenty-first century America has confounded analysts from both ends of the political spectrum. While many can point to particular contributing causes, so far none of the policies that have been enacted-not just in the United States but in other advancedcountries-have been able to lessen the wealth and income gaps between the top decile and the rest. Critics on the left are more forceful critics of rising inequality, and they tend to blame capitalism and the private sector. Predictably, they see solutions in government action. Many on the right worry about the issue, too, but they come from a position that is more sanguine about corporations andmore suspicious of government. But as the libertarian Brink Lindsey and the liberal Steve Teles argue in The Captured Economy, perhaps all of us-left, right, and center-are looking in the wrong places for culprits and solutions. They hone in on the government-corporate sector nexus, apportioningblame not only to both forces but also to the distorted form of governance that this partnership has created. Through armies of lobbyists, corporations and the wealthy have become remarkably adept at shaping policy - even ostensibly progressive policies - so that the field is tilted in their favor.Corporations have become classic "rentiers," using their monopoly power of influence over highly complicated legislative and regulatory processes to shift resources in their direction. FCC policy, health care regulation, banking regulation, labor policy, defense spending, and much more: in all ofthese arenas, well-resourced corporate rentiers have combined to ensure that the government favors them over everyone else. The perverse result is a state that shifts more and more wealth to the already-rich - even if that was never the initial intent of Congress, the President, or the electorate itself. Transforming this misshapen alliance will be difficult, and Lindsey and Teles are realistic about the chances forreform. To that end, they close with a set of reasonable policy proposals that can help to reduce corporate rentiers' scope and power to extract excessive rents via government policy. A powerful, original, and genuinely counterintuitive interpretation of the forces driving the increase ininequality, The Captured Economy will be necessary reading for anyone concerned about the rising social and economic divisions in contemporary America.
Categories: Business & Economics

The Captured Economy

The Captured Economy

The Captured Economy ^s H. O. W T H E PO W E R F U L E N R. I. C. H T H E M S E L V E S, S L O W D OW N G R O W T H , A N D IN C R E A S E IN E Q_U ...

Author: Brink Lindsey

Publisher: Oxford University Press

ISBN: 9780190627782

Category: Political Science

Page: 240

View: 282

For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. They also detail the most important cases of regulatory barriers that have worked to shield the powerful from the rigors of competition, thereby inflating their incomes: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and how to improve the social tensions they are sparking.
Categories: Political Science

The Political Economy of Independent Ukraine

The Political Economy of Independent Ukraine

The Political Economy of Independent Ukraine analyses the reasons for the abysmal economic performance of Ukraine during the 1990s.

Author: H. van Zon

Publisher: Springer

ISBN: 9780333978023

Category: Business & Economics

Page: 236

View: 529

The Political Economy of Independent Ukraine analyses the reasons for the abysmal economic performance of Ukraine during the 1990s. The main thesis is that economic development was blocked by a set of parasitic mechanisms at all levels of the economy that prevented the development of value-added economic activities. These parasitic mechanisms already developed under Soviet rule ('beating the system' by redistributing goods and services while disregarding formal rules) became a widespread practice.
Categories: Business & Economics

The Two Narratives of Political Economy

The Two Narratives of Political Economy

I recommend this volume highly both to the individual interested in learning about the intellectual and political history of political economy and to the professor in search of a one-volume anthology on political economy for use in a course ...

Author: Nicholas Capaldi

Publisher: John Wiley & Sons

ISBN: 9781118011683

Category: Political Science

Page: 510

View: 642

Captures the 17th-19th century origins and developments ofpolitical economy by editing original texts and illuminatingtheir relevance for today's political debate Political economy from the 17th century to the present can be captured in two narratives originating with Locke and Rousseau. Those original narratives were expanded in significant ways in the 18th and 19th centuries, and the editors argue that they still hold sway today. Edited original writings included in the anthology are from: Locke, Rousseau, Adam Smith, Tocqueville, Mill, Marx, Proudhon, Owen, the Federalist Papers, the French Declaration of the Rights of Man and the Citizen, and the American Constitution. The editors have restricted their comments to the extensive introductions thereby allowing the original participants to speak for themselves. The readings included are intended to be instructive with respect to the origin and development of the two narratives rather than an exhaustive account of how thinkers and writers on economics advance the discipline of economics as a social science. Reviews "The editors provide a compelling collection to critically frame the clash of Political Economy which shapes modern democracies. Their selections and introductions expertly paint a picture of the contending schools to suggest how enduring these core challenges remain. By placing these writers within this great debate, the authors guide students to discover the essential questions of liberty, equality, and the proper role of the state at the core of the American economic debate." —Roberta Q. Herzberg, Utah State University Political Science "The real service performed by Capaldi and Lloyd is to provide generous excerpts from supporters of both narratives so that the reader can determine for themselves who best makes their case. I recommend this volume highly both to the individual interested in learning about the intellectual and political history of political economy and to the professor in search of a one-volume anthology on political economy for use in a course on economic thought." —Steven D. Ealy, Senior Fellow, Liberty Fund, Inc.
Categories: Political Science

Political Economy of Media Capture

Political Economy of Media Capture

My dissertation consists of three essays analyzing the factors that influence the political bias of the news media, from a comparative perspective.

Author: Maria Alexeevna Petrova

Publisher:

ISBN: OCLC:262652223

Category: Mass media

Page: 282

View: 374

My dissertation consists of three essays analyzing the factors that influence the political bias of the news media, from a comparative perspective. I focus specifically on the effects of the economic environment and the conditions that facilitate media capture by the special interest groups, political parties, or governments. The mechanisms of influence include investment in media firms, political advertising, paid articles, subsidies, bribes, etc. I argue that countries with high inequality or small advertising markets are especially likely to have their media captured by political interests. In the first chapter, I argue that high income inequality can facilitate media capture by the rich. As a result of capture, the media advocate a low level of taxation and redistribution, which, in turn, affects voters' policy preferences. The influence of the rich on the media is one reason why income inequality leads to political inequality, and why policy outcomes are more responsive to the preferences of the rich than to those of the poor. I present a formal theoretical model of this argument based on the Meltzer-Richard model of the choice of the level of redistribution by the median voter. I empirically test predictions of my model using cross-country evidence. I find that higher income inequality decreases the extent of media freedom in the country, which, in turn, decreases the level of social spending.
Categories: Mass media

Cultural Political Economy

Cultural Political Economy

Providing valuable insights to a wide range of disciplines, this volume will be of vital interest to students and scholars of International Political Economy, Cultural and Economic Geography and Sociology, and International Relations.

Author: Jacqueline Best

Publisher: Routledge

ISBN: 9781135173890

Category: Political Science

Page: 264

View: 280

The global political economy is inescapably cultural. Whether we talk about the economic dimensions of the "war on terror", the sub-prime crisis and its aftermath, or the ways in which new information technology has altered practices of production and consumption, it has become increasingly clear that these processes cannot be fully captured by the hyper-rational analysis of economists or the slogans of class conflict. This book argues that culture is a concept that can be used to develop more subtle and fruitful analyses of the dynamics and problems of the global political economy. Rediscovering the unacknowledged role of culture in the writings of classical political economists, the contributors to this volume reveal its central place in the historical evolution of post-war capitalism, exploring its continued role in contemporary economic processes that range from the commercialization of security practices to the development of ethical tourism. The book shows that culture plays a role in both constituting different forms of economic life and in shaping the diverse ways that capitalism has developed historically – from its earliest moments to its most recent challenges. Providing valuable insights to a wide range of disciplines, this volume will be of vital interest to students and scholars of International Political Economy, Cultural and Economic Geography and Sociology, and International Relations.
Categories: Political Science

India Emerging

India Emerging

This is the story of every regime. The book narrates this compelling data story in a layman's language. Even where data is wrong it leaves behind a tell-tale mark of anomalies, which trips the economy sooner than later.

Author: Sandip Sen

Publisher: Bloomsbury Publishing

ISBN: 9789387457942

Category: Law

Page: 286

View: 769

India, like most democratic developing nations, is prone to populist politics. In the search of votes, politicians look for popular solutions with mass appeal. Some popular solutions benefit the poor, some hurt the economy. Poor economics leads to falling numbers. Falling numbers get statistically captured as economic data. And, the impact of such economic data is immense. This data can lift or crash currency markets, stock markets, affect credit ratings, fuel inflation, affect new investments and even result in mass layoffs. However, there is always a story behind the data. These stories are guided mostly by executive decisions. Some decisions are far-reaching and beneficial to the masses, some cater to political vote banks, some are guided by increasing activism, some serve the need for social justice, some are aimed at environmental protection, while some are simply driven by the greed of power or wealth. This is the story of every regime. The book narrates this compelling data story in a layman's language. Even where data is wrong it leaves behind a tell-tale mark of anomalies, which trips the economy sooner than later. Fudged, incorrect or lazily collected data is worse than genuine but unimpressive data as you do not know what to correct. India Emerging thus captures this dialogue on the pros and cons of economic and political decisions that can be understood by the common voter who is neither an economist nor an academician.
Categories: Law

Developmental State Building

Developmental State Building

This open access book modifies and revitalizes the concept of the ‘developmental state’ to understand the politics of emerging economy through nuanced analysis on the roles of human agency in the context of structural transformation.

Author: Yusuke Takagi

Publisher: Springer

ISBN: 9789811329043

Category: Africa-Politics and government

Page: 185

View: 614

This open access book modifies and revitalizes the concept of the 'developmental state' to understand the politics of emerging economy through nuanced analysis on the roles of human agency in the context of structural transformation. In other words, there is a revived interest in the 'developmental state' concept. The nature of the 'emerging state' is characterized by its attitude toward economic development and industrialization. Emerging states have engaged in the promotion of agriculture, trade, and industry and played a transformative role to pursue a certain path of economic development. Their success has cast doubt about the principle of laissez faire among the people in the developing world. This doubt, together with the progress of democratization, has prompted policymakers to discover when and how economic policies should deviate from laissez faire, what prevents political leaders and state institutions from being captured by vested interests, and what induce them to drive economic development. This book offers both historical and contemporary case studies from Japan, South Korea, Taiwan, Singapore, Indonesia, Malaysia, Myanmar, Ethiopia, Kenya, and Rwanda. They illustrate how institutions are designed to be developmental, how political coalitions are formed to be growth-oriented, and how technocratic agencies are embedded in a network of business organizations as a part of their efforts for state building. Yusuke Takagi is Assistant Professor of the National Graduate Institute for Policy Studies (GRIPS), Veerayooth Kanchoochat is Associate Professor of GRIPS and Tetsushi Sonobe is Vice President of GRIPS.
Categories: Africa-Politics and government

Captured at Sea

Captured at Sea

"This is an engaging and vivid narrative, based on extraordinary fieldwork and insightful observations.

Author: Jatin Dua

Publisher: University of California Press

ISBN: 9780520305199

Category: Social Science

Page: 264

View: 908

How is it possible for six men to take a Liberian-flagged oil tanker hostage and negotiate a huge pay out for the return of its crew and 2.2 million barrels of crude oil? In his gripping new book, Jatin Dua answers this question by exploring the unprecedented upsurge in maritime piracy off the coast of Somalia in the twenty-first century. Taking the reader inside pirate communities in Somalia, onboard multinational container ships, and within insurance offices in London, Dua connects modern day pirates to longer histories of trade and disputes over protection. In our increasingly technological world, maritime piracy represents not only an interruption, but an attempt to insert oneself within the world of oceanic trade. Captured at Sea moves beyond the binaries of legal and illegal to illustrate how the seas continue to be key sites of global regulation, connectivity, and commerce today.
Categories: Social Science

Understanding India s New Political Economy

Understanding India s New Political Economy

This is an essential text for students and researchers of India's political economy and the growth economies of Asia.

Author: Sanjay Ruparelia

Publisher:

ISBN: 0415598117

Category: Political Science

Page: 269

View: 803

A number of large-scale transformations have shaped the economy, polity and society of India over the past quarter century. This book provides a detailed account of three that are of particular importance: the advent of liberal economic reform, the ascendance of Hindu cultural nationalism, and the empowerment of historically subordinate classes through popular democratic mobilizations. By seeking to explain the causal relationships between these central transformations through a coordinated conversation across different disciplines, the dynamics of India's new political economy are captured. Chapters focus on the political, economic and social aspects of India in their current and historical context. The contributors use new empirical research to discuss how India's multidimensional story of economic growth, social welfare and democratic deepening is likely to develop. This is an essential text for students and researchers of India's political economy and the growth economies of Asia.
Categories: Political Science

The Political Economy of International Reform and Reconstruction

The Political Economy of International Reform and Reconstruction

In the first of the volumes to be published are contained separate previously unpublished works that Mises wrote from 1940 through 1944, when much of the world was at war.

Author: Ludwig Von Mises

Publisher: Selected Writings of Ludwig Vo

ISBN: 0865972710

Category: Business & Economics

Page: 271

View: 527

When he fled Austria in 1934, Ludwig von Mises left behind a wealth of writings that, he supposed, were lost forever. Seized by the Nazi Gestapo, the papers were subsequently captured by the Soviet KGB and were archived in Moscow. Their discovery in 1996, by Professors Richard and Anna Ebeling of Hillsdale College, received widespread attention. In cooperation with Hillsdale College, Liberty Fund will make available these long-lost writings, many of which have not previously appeared in English, as part of a three-volume edition of selected writings by one of the unsurpassed economists of the twentieth century. In the first of the volumes to be published are contained separate previously unpublished works that Mises wrote from 1940 through 1944, when much of the world was at war. The papers include "Guiding Principles for the Reconstruction of Austria” (1940); "An Eastern Democratic Union: A Proposal for the Establishment of a Durable Peace in Eastern Europe” (1943); "Aspects of American Foreign Trade Policy” (1943); "Mexico’s Economic Problems” (1943); "The Main Issues in Present-Day Monetary Controversies” (1944); and, "A Non-Inflationary Proposal for Post-War Monetary Reconstruction” (1944). Richard Ebeling is Professor of Economics at Northwood University. He has served as the editor or co-editor for twenty other books, including The Age of Economists: From Adam Smith to Milton Friedman and Human Action: a 50-Year Tribute.
Categories: Business & Economics

Evolving to Digital and Programmable Value Based Economy General Prospect and Specific Applications Over Sustainability

Evolving to Digital and Programmable Value Based Economy  General Prospect and Specific Applications Over Sustainability

"In the fields of economics, business and management, how could Digital Transformation (DT) advance value creation and reliably encourage value capture, exchange and distribution?

Author: Ferran Herraiz Faixó

Publisher:

ISBN: OCLC:1224237934

Category:

Page: 260

View: 659

"In the fields of economics, business and management, how could Digital Transformation (DT) advance value creation and reliably encourage value capture, exchange and distribution? This thesis aim to fill that gap with a novel framework to support policy-makers, countries, cities and businesses address the potential value that can be generated and captured by digitalization combining DT and Internet of Value theoretical perspectives and practical applications of them over concrete issues such as sustainability in cities, as an example. For this, it is proposed to make new contributions related to DT and Internet of Value in two main aspects: to explore DT countries' mindsets when it relates to their value progress through Digital Ecosystems and to advance with the potential digital value applications through Programmable Economy advantages when it focus on concrete aspect such as sustainability in cities. Both perspectives, although it will be applied on different dimensions and on different purposes, have in common that they are focus on digital and programable value based economy and management and want to explore the best way to maximize and capture the DT potential in terms of value for organizations and society. Thus, first, it will be analysed the importance of knowing clearly the digital ecosystem in which the agents are operating in order to reinforce the value creation by promoting the inclusivity and connectivity of the endpoints involved in it. Secondly, it will be analysed how the digital value can be captured, exchanged and redistributed in a complex issues such as sustainability by deploying concrete digital applications that include human reinforcement aspects to, finally, closing the circle combining both perspectives in a single framework. To achieve these objectives in this thesis, own models are proposed, inspired by other theoretical models already contrasted, and some proven methodologies are used related to Conditional Probability, Forgotten Effects and Fuzzy Sets.As a main conclusion, Digital Transformation has the potential to generate immense value for economy and society. Although currently the capture of the vast majority of it is not guaranteed and its distribution between agents is no clear, new formulas are being explored supported by the Internet of Value. This thesis defends that if agents want to advance value creation and encourage value capture, they should consider to make their own Digital and Programmable Value Based Economy and Management framework through:-Allowing all functional agents work in a Digital Ecosystem embracing new relationships and ways of collaborating pursuing the same purpose.-Deploying Programmable Economy applications advantages, mixing digital's and analogue's world that can be interlinked and programmed by the blockchain allowing monetization and exploring new human and machine alliances.- Adopting strong and inclusive agents' commitment in order to exploit the advantages that this smart economy system has from a human centric vision, discovering new forms of value, considering that, although tech can be everywhere, value not." -- TDX.
Categories:

Understanding India s New Political Economy

Understanding India s New Political Economy

This is an essential text for students and researchers of India's political economy and the growth economies of Asia.

Author: Sanjay Ruparelia

Publisher: Routledge

ISBN: 9781136816482

Category: Social Science

Page: 272

View: 420

A number of large-scale transformations have shaped the economy, polity and society of India over the past quarter century. This book provides a detailed account of three that are of particular importance: the advent of liberal economic reform, the ascendance of Hindu cultural nationalism, and the empowerment of historically subordinate classes through popular democratic mobilizations. Filling a gap in existing literature, the book goes beyond looking at the transformations in isolation, managing to: • Explain the empirical linkages between these three phenomena • Provide an account that integrates the insights of separate disciplinary perspectives • Explain their distinct but possibly related causes and the likely consequences of these central transformations taken together By seeking to explain the causal relationships between these central transformations through a coordinated conversation across different disciplines, the dynamics of India’s new political economy are captured. Chapters focus on the political, economic and social aspects of India in their current and historical context. The contributors use new empirical research to discuss how India’s multidimensional story of economic growth, social welfare and democratic deepening is likely to develop. This is an essential text for students and researchers of India's political economy and the growth economies of Asia.
Categories: Social Science

The Coming of Age of Political Economy 1815 1825

The Coming of Age of Political Economy  1815 1825

Professor Langer's new study is the first to analyze fully the interplay of ideas, politics, and history in this crucial period of change.

Author: Gary F. Langer

Publisher: Praeger

ISBN: STANFORD:36105038249699

Category: Business & Economics

Page: 224

View: 202

The new Political Economy, which in 1815 captured the attention of a country exhausted by war and drained by economic crisis, was to have profound effects on British and, indeed, the Western world's economic and political life for more than a hundred years. Professor Langer's new study is the first to analyze fully the interplay of ideas, politics, and history in this crucial period of change. Rather than treating the theories of the classical political economists as a set of abstract formulations, the author looks at how they were actually applied to the political and moral problems of the day. He examines how the economists, their doctrines, and the ruling political alignments affected the course of history, particularly in the conflicts surrounding the Corn Law, the Poor Law, child labor, and the reform of the monetary system.
Categories: Business & Economics

The Dictatorship of Woke Capital

The Dictatorship of Woke Capital

This book provides a comprehensive overview of the problem and the players involved, both on the aggressive, hardcharging Left and in the nascent conservative resistance.

Author: Stephen R. Soukup

Publisher: Encounter Books

ISBN: 9781641771436

Category: Business & Economics

Page: 208

View: 703

For the better part of a century, the Left has been waging a slow, methodical battle for control of the institutions of Western civilization. During most of that time, “business”— and American Big Business, in particular — remained the last redoubt for those who believe in free people, free markets, and the criticality of private property. Over the past two decades, however, that has changed, and the Left has taken its long march to the last remaining non-Leftist institution. Over the course of the past two years or so, a small handful of politicians on the Right — Senators Tom Cotton, Marco Rubio, and Josh Hawley, to name three — have begun to sense that something is wrong with American business and have sought to identify the problem and offer solutions to rectify it. While the attention of high-profile politicians to the issue is welcome, to date the solutions they have proposed are inadequate, for a variety of reasons, including a failure to grasp the scope of the problem, failure to understand the mechanisms of corporate governance, and an overreliance on state-imposed, top-down solutions. This book provides a comprehensive overview of the problem and the players involved, both on the aggressive, hardcharging Left and in the nascent conservative resistance. It explains what the Left is doing and how and why the Right must be prepared and willing to fight back to save this critical aspect of American culture from becoming another, more economically powerful version of the “woke” college campus.
Categories: Business & Economics

Clientelism and Economic Policy

Clientelism and Economic Policy

The book shows that the clientelist system differs from the general image of interest-group politics and that the typical view of clientelism, as individual exchange between patrons and clients, has not fully captured the wide range and ...

Author: Aris Trantidis

Publisher: Routledge

ISBN: 9781317326595

Category: Political Science

Page: 256

View: 773

With its deep economic crisis and dramatic political developments Greece has puzzled Europe and the world. What explains its long-standing problems and its incapacity to reform its economy? Using an analytic narrative and a comparative approach, the book studies the pattern of economic reforms in Greece between 1985 and 2015. It finds that clientelism - the allocation of selective benefits by political actors (patrons) to their supporters (clients) - created a strong policy bias that prevented the country from implementing deep-cutting reforms. The book shows that the clientelist system differs from the general image of interest-group politics and that the typical view of clientelism, as individual exchange between patrons and clients, has not fully captured the wide range and implications of this phenomenon. From this, the author develops a theory on clientelism and policy-making, addressing key questions on the politics of economic reform, government autonomy and party politics. The book is an essential addition to the literatures on clientelism, public choice theory, and comparative political economy. It will be of key interest to scholars and students of European Union politics, economic policy and party politics.
Categories: Political Science

The Beginnings of Political Economy

The Beginnings of Political Economy

This volume contains eleven essays on Johann Heinrich Gottlob von Justi's concepts of the modern economy. These essays reflect both Justi's life and professional work, focusing on his ideas on economics and social sciences.

Author: Jürgen Georg Backhaus

Publisher: Springer

ISBN: 1441935355

Category: Business & Economics

Page: 196

View: 673

Ju ̈ rgen G. Backhaus 1 Johann Heinrich Gottlob (von) Justi was born in 1702 in Bru ̈ cken in Prussia (county of Sangerhausen), studied law and cameral sciences in Wittenberg and Jena, yet had to leave the university, entered the Prussian military service, was captured during the Austrian war of succession by the Austrians but escaped to Leipzig (Saxony) where he studied mineral sciences. In 1750 he was called to a chair ‘‘Cameral Sciences and Rhetorics’’ at the new Theresian Academy of Knights in Vienna. There, he gave two important inaugural lectures which are the focal point of this book. In 1754, Justi was appointed a mineral counsellor in Gottingen ̈ (Hanover), and lectured at the Saxonian University on both state sciences and natural sciences. In 1762, Frederic II (the Great) of Prussia appointed him Prussian captain (highest supervisory position) of mines and general supervisor of fiscal-mineral activities. In 1768 he was accused of embezzlement, and before he could prove his innocence, he died in 1771 as a prisoner in the (decaying) fortress of Ku ̈ strin. Due to his death, the case was never decided. But Frederic had obviously made his own decision. When he appointed Justi, the appointee pointed out that he was suffering from weak eye sight and could not readily check the bookkeeping. Frederic replied: You may have weak eyes but you have a bright mind. I shall put two eyes by your side.
Categories: Business & Economics

Towards a European knowledge based economy the evolutionary case of Finland

Towards a European knowledge based economy  the evolutionary case of Finland

Seminar paper from the year 2006 in the subject Politics - International Politics - Topic: European Union, grade: 1,0, University of Münster (Political Science), course: European Economic Policies, language: English, abstract: Throughout ...

Author: Susanne Taron

Publisher: GRIN Verlag

ISBN: 9783638602617

Category: Political Science

Page: 36

View: 452

Seminar paper from the year 2006 in the subject Politics - International Politics - Topic: European Union, grade: 1,0, University of Münster (Political Science), course: European Economic Policies, 19 entries in the bibliography, language: English, abstract: Throughout the course of the 1990s, Finland underwent a tremendous economic transformation unrivaled by any other European or OECD country in the post-World War II era. In less than a decade Finland went from being perhaps one of the least knowledge-based economies to becoming the sole most embraced one, subsequently heralding it to be a model example of not only Europe’s but the world’s ‘new economy’. During the twentieth-first century, Finland has three times to date ranked number one in the World’s Economic Forum’s (WEF) Competitiveness Index, alongside achieving an astonishing close second to Sweden in the World Bank’s Knowledge Economic Index (KEI). On these grounds, Finland’s recent development towards a knowledge-based economy has indeed captured the international spotlight, and justly the attention of economic policy-makers across the world. To this day in age, knowledge has irrefutably become the driving force behind economic growth and social development, with exogenous factors particularly that of globalization playing enormous roles in the acceleration of the diffusion and the application of knowledge. Perhaps, not better put then in the trivial words of Bill Clinton “in today’s knowledge-based economy, what you earn depends on what you learn,”5such words do certainly substantiate the importance of knowledge and innovation in today’s ‘new economy’. Thus is seems, successful economies and societies will be those who can adapt to the rapid demands of globalization, where the need of countries to be more flexible, creative, innovative, and welcoming to the winds of change, have been more critical than it has ever been before. Advancement in information and communication technologies (ICTs) has often been seen as one method of achieving a more knowledge-based economy, as development in ICTs seem to provide new opportunities in product specialization, improved productivity, and sustainable growth.
Categories: Political Science

Kitchen Economics

Kitchen Economics

These works represent counterparts, not counterworlds, to modernity; and their characteristic stance is captured in the complex trope of feminaeconomica.

Author: Thomas Strychacz

Publisher: Amer Lit Realism & Naturalism

ISBN: 9780817320584

Category: Literary Criticism

Page: 240

View: 453

An analysis of how nineteenth-century women regional writers represent political economic thought Readers of late nineteenth-century female American authors are familiar with plots, characters, and households that make a virtue of economizing. Scholars often interpret these scenarios in terms of a mythos of parsimony, frequently accompanied by a sort of elegiac republicanism whereby self-sufficiency and autonomy are put to the service of the greater good--a counterworld to the actual economic conditions of the period. In Kitchen Economics: Women's Regionalist Fiction and Political Economy, Thomas Strychacz takes a new approach to the question of how female regionalist fictions represent "the economic" by situating them within traditions of classical political economic thought. Offering case studies of key works by Sarah Orne Jewett, Mary Wilkins Freeman, Harriet Beecher Stowe, Rose Terry Cooke, and Alice Dunbar-Nelson, this study focuses on three complex cultural fables--the island commonwealth, stadialism (or stage theory), and feeding the body politic--which found formal expression in political economic thought, made their way into endless public debates about the economic turmoil of the late nineteenth century, and informed female authors. These works represent counterparts, not counterworlds, to modernity; and their characteristic stance is captured in the complex trope of feminaeconomica. This approach ultimately leads us to reconsider what we mean by the term "economic," for the emphasis of contemporary neoclassical economics on economic agents given over to infinite wants and complete self-interest has caused the "sufficiency" and "common good" models of female regionalist authors to be misinterpreted and misvalued. These fictions are nowhere more pertinent to modernity than in their alliance with today's important alternative economic discourses.
Categories: Literary Criticism

The Asset Economy

The Asset Economy

Birch K (2017) 'Rethinking value in the bio-economy: finance, assetization, ... Brink L & Teles SM (2017) The Captured Economy: How the Powerful Enrich ...

Author: Lisa Adkins

Publisher: John Wiley & Sons

ISBN: 9781509544226

Category: Political Science

Page: 176

View: 574

Rising inequality is the defining feature of our age. With the lion’s share of wealth growth going to the top, for a growing percentage of society a middle-class existence is out of reach. What exactly are the economic shifts that have driven the social transformations taking place in Anglo-capitalist societies? In this timely book, Lisa Adkins, Melinda Cooper and Martijn Konings argue that the rise of the asset economy has produced a new logic of inequality. Several decades of property inflation have seen asset ownership overshadow employment as a determinant of class position. Exploring the impact of generational dynamics in this new class landscape, the book advances an original perspective on a range of phenomena that are widely debated but poorly understood – including the growth of wealth inequalities and precarity, the dynamics of urban property inflation, changes in fiscal and monetary policy and the predicament of the “millennial” generation. Despite widespread awareness of the harmful effects of Quantitative Easing and similar asset-supporting measures, we appear to have entered an era of policy “lock-in” that is responsible for a growing disconnect between popular expectations and institutional priorities. The resulting polarization underlies many of the volatile dynamics and rapidly shifting alliances that dominate today’s headlines.
Categories: Political Science