front cover of The ABCs of Political Economy
The ABCs of Political Economy
A Modern Approach
Robin Hahnel
Pluto Press, 2014
In the wake of the economic disasters of the past decade, perhaps we could all use a refresher course in economics to help us understand. The ABCs of Political Economy provides a lively and accessible introduction to modern political economy. In this compelling book, informed by the work of such eminent economic philosophers as Karl Marx, Thorstein Veblen, Michal Kalecki, Joan Robinson, and Hyman Minksy, Robin Hahnel provides the essential tools to comprehend today’s economic crises.
            Hahnel explains the origins of the financial crisis of 2008, the ensuing “Great Recession,” and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. It also helps explain the economic causes of climate change and what will be required if it is to be resolved effectively and fairly. The ABCs of Political Economy is perfect for anyone who wants to equip themselves with the ability to grasp as well as challenge existing preconceptions of political economy.
[more]

front cover of The Academy of Fisticuffs
The Academy of Fisticuffs
Political Economy and Commercial Society in Enlightenment Italy
Sophus A. Reinert
Harvard University Press, 2018

The terms “capitalism” and “socialism” continue to haunt our political and economic imaginations, but we rarely consider their interconnected early history. Even the eighteenth century had its “socialists,” but unlike those of the nineteenth, they paradoxically sought to make the world safe for “capitalists.” The word “socialists” was first used in Northern Italy as a term of contempt for the political economists and legal reformers Pietro Verri and Cesare Beccaria, author of the epochal On Crimes and Punishments. Yet the views and concerns of these first socialists, developed inside a pugnacious intellectual coterie dubbed the Academy of Fisticuffs, differ dramatically from those of the socialists that followed.

Sophus Reinert turns to Milan in the late 1700s to recover the Academy’s ideas and the policies they informed. At the core of their preoccupations lay the often lethal tension among states, markets, and human welfare in an era when the three were becoming increasingly intertwined. What distinguished these thinkers was their articulation of a secular basis for social organization, rooted in commerce, and their insistence that political economy trumped theology as the underpinning for peace and prosperity within and among nations.

Reinert argues that the Italian Enlightenment, no less than the Scottish, was central to the emergence of political economy and the project of creating market societies. By reconstructing ideas in their historical contexts, he addresses motivations and contingencies at the very foundations of modernity.

[more]

front cover of After Capitalism
After Capitalism
Horizons of Finance, Culture, and Citizenship
Ferguson, Kennan
Rutgers University Press, 2016
From Thomas Piketty to David Harvey, scholars are increasingly questioning whether we are entering into a post-capitalist era. If so, does this new epoch signal the failure of capitalism and emergence of alternative systems? Or does it mark the ultimate triumph of capitalism as it evolves into an unstoppable entity that takes new forms as it engulfs its opposition? 
 
After Capitalism brings together leading scholars from across the academy to offer competing perspectives on capitalism’s past incarnations, present conditions, and possible futures.  Some contributors reassess classic theorizations of capitalism in light of recent trends, including real estate bubbles, debt relief protests, and the rise of a global creditocracy. Others examine Marx’s writings, unemployment, hoarding, “capitalist realism,” and coyote (trickster) capitalism, among many other topics. Media and design trends locate the key ideologies of the current economic moment, with authors considering everything from the austerity aesthetics of reality TV to the seductive smoothness of liquid crystal. 
 
Even as it draws momentous conclusions about global economic phenomena, After Capitalism also pays close attention to locales as varied as Cuba, India, and Latvia, examining the very different ways that economic conditions have affected the relationship between the state and its citizens. Collectively, these essays raise provocative questions about how we should imagine capitalism in the twenty-first century. Will capitalism, like all economic systems, come to an end, or does there exist in history or elsewhere a hidden world that is already post-capitalist, offering alternative possibilities for thought and action?  
 
[more]

front cover of The Ambivalence of Power in the Twenty-First Century Economy
The Ambivalence of Power in the Twenty-First Century Economy
Cases from Russia and Beyond
Edited by Vadim Radaev and Zoya Kotelnikova
University College London, 2022
An interdisciplinary perspective on the use and abuse of power in political economy.

This book explores the ambivalent nature of power as wielded in economic practices from an empirical perspective. It offers a collection of country-based cases and critically assesses the existing conceptions of power from a cross-disciplinary perspective. Analyzing power at the macro, meso, and micro levels allows the volume to highlight the complexity of political economy in the twenty-first century. Each chapter addresses key elements of a given political economy (from the ambivalence of the cases of former communist countries that do not conform with the grand narratives about democracy and markets to the dual utility of new technologies such as face-recognition), thus providing mounting evidence for the centrality of understanding ambivalence in the analysis of power.
[more]

front cover of The Ambivalence of Scarcity and Other Essays
The Ambivalence of Scarcity and Other Essays
Paul Dumouchel
Michigan State University Press, 2014
First published in French in 1979, “The Ambivalence of Scarcity” was a groundbreaking work on mimetic theory. Now expanded upon with new, specially written, and never-before-published conference texts and essays, this revised edition explores René Girard’s philosophy in three sections: economy and economics, mimetic theory, and violence and politics in modern societies. The first section argues that though mimetic theory is in many ways critical of modern economic theory, this criticism can contribute to the enrichment of economic thinking. The second section explores the issues of nonviolence and misrecognition (méconnaissance), which have been at the center of many discussions of Girard’s work. The final section proposes mimetic analyses of the violence typical of modern societies, from high school bullying to genocide and terrorist attacks. Politics, Dumouchel argues, is a violent means of protecting us from our own violent tendencies, and it can at times become the source of the very savagery from which it seeks to protect us. The book’s conclusion analyzes the relationship between ethics and economics, opening new avenues of research and inviting further exploration. Dumouchel’s introduction reflects on the importance of René Girard’s work in relation to ongoing research, especially in social sciences and philosophy.
[more]

front cover of America Unequal
America Unequal
Sheldon H. Danziger and Peter Gottschalk
Harvard University Press, 1995

America Unequal demonstrates how powerful economic forces have diminished the prospects of millions of Americans and why "a rising tide no longer lifts all boats." Changes in the economy, public policies, and family structure have contributed to slow growth in family incomes and rising economic inequality. Poverty remains high because of an erosion of employment opportunities for less-skilled workers, not because of an erosion of the work ethic; because of a failure of government to do more for the poor and the middle class, not because of social programs.

There is nothing about a market economy, the authors say, that ensures that a rising standard of living will reduce inequality. If a new technology, such as computerization, leads firms to hire more managers and fewer typists, then the wages of lower-paid secretaries will decline and the wages of more affluent managers will increase. Such technological changes as well as other economic changes, particularly the globalization of markets, have had precisely this effect on the distribution of income in the United States.

America Unequal challenges the view, emphasized in the Republicans' "Contract with America," that restraining government social spending and cutting welfare should be our top domestic priorities. Instead, it proposes a set of policies that would reduce poverty by supplementing the earnings of low-wage workers and increasing the employment prospects of the jobless. Such demand-side policies, Sheldon Danziger and Peter Gottschalk argue, are essential for correcting a labor market that has been increasingly unable to absorb less-skilled and less-experienced workers.

[more]

front cover of The American Dream Is Not Dead
The American Dream Is Not Dead
(But Populism Could Kill It)
Michael R. Strain
Templeton Press, 2020

Populists on both sides of the political aisle routinely announce that the American Dream is dead. According to them, the game has been rigged by elites, workers can’t get ahead, wages have been stagnant for decades, and the middle class is dying. 

Michael R. Strain, director of economic policy studies at the American Enterprise Institute, disputes this rhetoric as wrong and dangerous. In this succinctly argued volume, he shows that, on measures of economic opportunity and quality of life, there has never been a better time to be alive in America. He backs his argument with overwhelming—and underreported—data to show how the facts favor realistic optimism.

He warns, however, that the false prophets of populism pose a serious danger to our current and future prosperity. Their policies would leave workers worse off. And their erroneous claim that the American Dream is dead could discourage people from taking advantage of real opportunities to better their lives. If enough people start to believe the Dream is dead, they could, in effect, kill it. To prevent this self-fulfilling prophecy, Strain’s book is urgent reading for anyone feeling the pull of the populists. 

E. J. Dionne and Henry Olsen provide spirited responses to Strain’s argument.

[more]

logo for Harvard University Press
American Multinationals and Japan
The Political Economy of Japanese Capital Controls, 1899–1980
Mark Mason
Harvard University Press, 1992

This pioneering study of United States direct investment in Japan will interest academic specialists, business managers, and government policymakers in America, Japan, and elsewhere. Drawing on rich historical materials from both sides of the Pacific, including corporate records and government documents never before made public, Mason examines the development of both Japanese policy towards foreign investment and the strategic responses of American corporations. This history is related in part through original case studies of Coca-Cola, Dow Chemical, Ford, General Motors, International Business Machines, Motorola, Otis Elevator, Texas Instruments, Western Electric, and Victor Talking Machine.

The book seeks to explain why s little foreign direct investment has entered modern Japan. In contrast to the widely held view that emphasizes an alleged lack of effort on the part of foreign corporations, this study finds that Japanese restrictions merit greater attention. Many analysts of the modern Japanese political economy identify the Japanese government as the key actor in initiating such restrictions. Mason finds that the influence of Japanese business has often proved more potent than these analysts suggest. This book offers fresh insights into both the operation of the modern Japanese political economy and of its relations with the world economy.

[more]

front cover of American Relief Aid and the Spanish Civil War
American Relief Aid and the Spanish Civil War
Eric R. Smith
University of Missouri Press, 2013

The Spanish Civil War created a conflict for Americans who preferred that the United States remain uninvolved in foreign affairs. Despite the country's isolationist tendencies, opposition to the rise of fascism across Europe convinced many Americans that they had to act in support of the Spanish Republic. While much has been written about the war itself and its international volunteers, little attention has been paid to those who coordinated these relief efforts at home.

American Relief Aid and the Spanish Civil War tells the story of the political campaigns to raise aid for the Spanish Republic as activists pushed the limits of isolationist thinking. Those concerned with Spain’s fate held a range of political convictions (including anarchists, socialists, liberals, and communists) with very different understandings of what fascism was. Yet they all agreed that fascism’s advance must be halted. With labor strikes, fund-raising parties, and ambulance tours, defenders of Spain in the United States sought to shift the political discussion away from isolation of Spain’s elected government and toward active assistance for the faltering Republic.

Examining the American political organizations affiliated with this relief effort and the political repression that resulted as many of Spain’s supporters faced the early incarnations of McCarthyism’s trials, Smith provides new understanding of American politics during the crucial years leading up to World War II. By also focusing on the impact the Spanish Civil War had on those of Spanish ethnicity in the United States, Smith shows how close to home the seemingly distant war really hit.

[more]

front cover of American Tax Resisters
American Tax Resisters
Romain D. Huret
Harvard University Press, 2014

“The American taxpayer”—angered by government waste and satisfied only with spending cuts—has preoccupied elected officials and political commentators since the Reagan Revolution. But resistance to progressive taxation has older, deeper roots. American Tax Resisters presents the full history of the American anti-tax movement that has defended the pursuit of limited taxes on wealth and battled efforts to secure social justice through income redistribution for the past 150 years.

From the Tea Party to the Koch brothers, the major players in today’s anti-tax crusade emerge in Romain Huret’s account as the heirs of a formidable—and far from ephemeral—political movement. Diverse coalitions of Americans have rallied around the flag of tax opposition since the Civil War, their grievances fueled by a determination to defend private life against government intrusion and a steadfast belief in the economic benefits and just rewards of untaxed income. Local tax resisters were actively mobilized by business and corporate interests throughout the early twentieth century, undeterred by such setbacks as the Sixteenth Amendment establishing a federal income tax. Zealously petitioning Congress and chipping at the edges of progressive tax policies, they bequeathed hard-won experience to younger generations of conservatives in their pursuit of laissez-faire capitalism.

Capturing the decisive moments in U.S. history when tax resisters convinced a majority of Americans to join their crusade, Romain Huret explains how a once marginal ideology became mainstream, elevating economic success and individual entrepreneurialism over social sacrifice and solidarity.

[more]

front cover of America's Inequality Trap
America's Inequality Trap
Nathan J. Kelly
University of Chicago Press, 2020
The gap between the rich and the poor has grown dramatically in the United States and is now at its widest since at least the early 1900s. While by most measures the economy has been improving, soaring cost of living and stagnant wages have done little to assuage economic anxieties. Conditions like these seem designed to produce a generation-defining intervention to balance the economic scales and enhance opportunities for those at the middle and bottom of the country’s economic ladder—but we have seen nothing of the sort.

Nathan J. Kelly argues that a key reason for this is that rising concentrations of wealth create a politics that makes reducing economic inequality more difficult. Kelly convincingly shows that, when a small fraction of the people control most of the economic resources, they also hold a disproportionate amount of political power, hurtling us toward a self-perpetuating plutocracy, or an “inequality trap.” Among other things, the rich support a broad political campaign that convinces voters that policies to reduce inequality are unwise and not in the average voter’s interest, regardless of the real economic impact. They also take advantage of interest groups they generously support to influence Congress and the president, as well as state governments, in ways that stop or slow down reform. One of the key implications of this book is that social policies designed to combat inequality should work hand-in-hand with political reforms that enhance democratic governance and efforts to fight racism, and a coordinated effort on all of these fronts will be needed to reverse the decades-long trend.
 
[more]

front cover of Arresting Contagion
Arresting Contagion
Science, Policy, and Conflicts over Animal Disease Control
Alan L. Olmstead and Paul W. Rhode
Harvard University Press, 2015

Over sixty percent of all infectious human diseases, including tuberculosis, influenza, cholera, and hundreds more, are shared with other vertebrate animals. Arresting Contagion tells the story of how early efforts to combat livestock infections turned the United States from a disease-prone nation into a world leader in controlling communicable diseases. Alan Olmstead and Paul Rhode show that many innovations devised in the fight against animal diseases, ranging from border control and food inspection to drug regulations and the creation of federal research labs, provided the foundation for modern food safety programs and remain at the heart of U.S. public health policy.

America’s first concerted effort to control livestock diseases dates to the founding of the Bureau of Animal Industry (BAI) in 1884. Because the BAI represented a milestone in federal regulation of commerce and industry, the agency encountered major jurisdictional and constitutional obstacles. Nevertheless, it proved effective in halting the spread of diseases, counting among its early breakthroughs the discovery of Salmonella and advances in the understanding of vector-borne diseases.

By the 1940s, government policies had eliminated several major animal diseases, saving hundreds of thousands of lives and establishing a model for eradication that would be used around the world. Although scientific advances played a key role, government interventions did as well. Today, a dominant economic ideology frowns on government regulation of the economy, but the authors argue that in this case it was an essential force for good.

[more]

front cover of Art after Money, Money after Art
Art after Money, Money after Art
Creative Strategies Against Financialization
Max Haiven
Pluto Press, 2018
We like to imagine that money and art are old enemies, but beneath the veneer of creative utopianism is a dark capitalist underbelly. To expose the fraught intersection of art and money, Max Haiven proposes we examine how money is mobilized in art.
            Even as he shows how imaginary money and the so-called “creative economy” extract an artist’s potential, Haiven identifies and assesses a range of creative strategies for mocking, decrypting, hacking, sabotaging, and exiting capitalism through art. Focusing on the ways contemporary artists understand, imagine, and contend with material and immaterial forms of cash, debt, and credit, Haiven reveals the potential for creativity and resistance in a world dominated by financialization.
            Written for artists, activists, and scholars, this book takes seriously the need to understand and resist capitalism in an age of corporate abuse and exploitation.
 
[more]

front cover of Art and Postcapitalism
Art and Postcapitalism
Aesthetic Labour, Automation and Value Production
Dave Beech
Pluto Press, 2019
Artistic labour was exemplary for Utopian Socialist theories of 'attractive labour', and Marxist theories of 'nonalienated labour', but the rise of the anti-work movement and current theories of 'fully automated luxury communism' have seen art topple from its privileged place within the left's political imaginary as the artist has been reconceived as a prototype of the precarious 24/7 worker. Art and Postcapitalism argues that art remains essential for thinking about the intersection of labour, capitalism and postcapitalism not insofar as it merges work and pleasure but as an example of noncapitalist production. Reassessing the contemporary politics of work by revisiting debates about art, technology and in the nineteenth and twentieth century, Dave Beech challenges the aesthetics of labour in John Ruskin, William Morris and Oscar Wilde with a value theory of the supersession of capitalism that sheds light on the anti-work theory by Silvia Federici, Andre Gorz, Kathi Weeks and Maurizio Lazzarato, as well as the technological Cockayne of Srnicek and Williams and Paul Mason. Formulating a critique of contemporary postcapitalism, and developing a new understanding of art and labour within the political project of the supersession of value production, this book is essential for activists, scholars and anyone interested in the real and imagined escape routes from capitalism.
[more]

front cover of Art and Postcapitalism
Art and Postcapitalism
Aesthetic Labour, Automation and Value Production
Dave Beech
Pluto Press, 2019
Artistic labour was exemplary for Utopian Socialist theories of 'attractive labour', and Marxist theories of 'nonalienated labour', but the rise of the anti-work movement and current theories of 'fully automated luxury communism' have seen art topple from its privileged place within the left's political imaginary as the artist has been reconceived as a prototype of the precarious 24/7 worker. Art and Postcapitalism argues that art remains essential for thinking about the intersection of labour, capitalism and postcapitalism not insofar as it merges work and pleasure but as an example of noncapitalist production. Reassessing the contemporary politics of work by revisiting debates about art, technology and in the nineteenth and twentieth century, Dave Beech challenges the aesthetics of labour in John Ruskin, William Morris and Oscar Wilde with a value theory of the supersession of capitalism that sheds light on the anti-work theory by Silvia Federici, Andre Gorz, Kathi Weeks and Maurizio Lazzarato, as well as the technological Cockayne of Srnicek and Williams and Paul Mason. Formulating a critique of contemporary postcapitalism, and developing a new understanding of art and labour within the political project of the supersession of value production, this book is essential for activists, scholars and anyone interested in the real and imagined escape routes from capitalism.
[more]


Send via email Share on Facebook Share on Twitter