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German Ordoliberalism and French Regulation theory, two institutionalist theories born in different national contexts, show striking convergences and complementarities. Based on an original comparison, Institutional Economics in France and Germany analyses the basic concepts, the development and the present relevance of both schools, the way they deal with the crucial methodological issue of complexity and with transformation in post-socialist Europe. It underlines the specificity and fruitfulness of these European approaches to institutional economics, often unfortunately ignored in the English-language literature. Written by leading scholars, this book is a clear presentation of both theories, with numerous illustrations and in-depth analysis of recent research developments. This theoretical, methodological and thematic comparison raises central issues in the growing field of socioeconomic and institutionalist theory.
This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical s
Every now and then, a book comes along that you positively want to be asked to read and review, and this is one of them a major work of scholarship in its own right, while at the same time, a ground-clearing exercise for what is to follow. . . . This, it should be emphasized, is a hugely impressive body of work, an expansive statement of Jessop s contribution as a major figure within the world of regulation approaches. Ray Hudson, Economic Geography This book presents a detailed and critical account of the regulation approach in institutional and evolutionary economics. Offering both a theoretical commentary and a range of empirical examples, it identifies the successes and failures of the r...
“David Hardwick and Leslie Marsh have assembled a contentious collection of independent thinkers on liberalism’s identity and prospects. Should liberalism be democratic, classical, ordo, legalistic, culture-based, market-based, or what? The international crew of authors—from Australia, Canada, China and the USA—draw upon the insights of key historic figures from Locke to Montesquieu to Burke to Dewey to Hayek to Rawls (and of course others, given liberalism’s rich history), and they leave us with a set of liberalisms both in collision and in overlapping agreement. This book is stimulating reading for those engaged with next-generation liberal thought.” —Stephen R. C. Hicks, Professor of Philosophy at Rockford University. This collection redresses the conceptual hubris and illiteracy that has come to obscure the central presuppositions of classical liberalism - that is, the wresting of epistemic independence from overwhelming concentrations of power, monopolies and capricious zealotries, whether they be statist, religious or corporate in character.
This book develops a sociological understanding of law making in the European Union. In particular, the book focuses on the social function of law in new governance structures promoting decentralized and flexible procedures that encourage deliberation, participation of stakeholders, and public dialogue. It pays attention to both the practical knowledge and the power relations underpinning law making, while seeking to bring to the foreground the importance of compromise in the process. The empirical substantiation of the argument discusses the regulation of technology in the European Union and is premised on case studies of governance of the Internet, patents of high technology, filters used on the Internet to block harmful material, trademark law and domain name dispute resolution by ICANN. To this effect, the book studies the dynamics of constructing a legal argument inside the European Commission, and its role in the process of coordinating the creation of networks, securing enforcement in self regulatory regimes, and steering activity on the part of autonomous groups of actors.
What is new about neoliberalism? Pierre Dardot and Christian Laval contend that it is more than just a new economic paradigm — it is a system for transforming the human subject. Rather than a return to classic liberalism, or the restoration of a ‘pure’, unconstrained market, neoliberalism envisages the modern corporation as a model for government, conjuring a future in which society is nothing other than a web of market-based relations. Cutting through contemporary misunderstandings about its genesis and prevalence, Dardot and Laval distil neoliberalism to its core meaning and examine how it might be challenged on new political and intellectual terms.
'Economists and Societies' explores the role of economists in the modern world. It looks at the extent of their involvement in social programs, the regulatory environment & commerce, & offers analysis of the development of this ubiquitous profession.
In October 2019, Abhijit Banerjee, Esther Duflo, and Michael Kremer jointly won the 51st Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their experimental approach to alleviating global poverty. But what is the exact scope of their experimental method, known as randomized control trials (RCTs)? Which sorts of questions are RCTs able to address and which do they fail to answer? The first of its kind, Randomized Control Trials in the Field of Development: A Critical Perspective provides answers to these questions, explaining how RCTs work, what they can achieve, why they sometimes fail, how they can be improved and why other methods are both useful and necessary. Br...
Does competitive process constitute an autonomous societal value or is it a means for achieving more meritorious goals: welfare, growth, integration, and innovation? The hypothesis of The Normative Foundations of European Competition Law is that the former is the case. This insightful book analyses the phenomenon of competition from philosophical, legal and economic perspectives demonstrating exactly why competitive process should not be viewed only as an instrument. It consolidates various normative theories of freedom, market and competition, and explains how exactly they can be operationalized effectively in the matrix of the EU competition policy.
A new account of economic performance and state development in African countries across the long twentieth century.