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The Capital Order
A Financial Times Best Book of the Year "A must-read, with key lessons for the future."—Thomas Piketty A groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal? In The Capital Order, p...
Up Against the Law
As protest movements took to the streets during the 1960s and 1970s, a group of lawyers joined forces with America's most confrontational activists. In pursuit of radical change themselves, these militant attorneys went beyond providing mere representation. They identified with their clients, defied the habits of a conservative profession, and formulated a corrosive critique of the legal system, questioning the neutrality and transformative power of law. While exploiting the courtrooms as political forums, they developed aggressive litigation strategies and became involved with the organization of protest. Drawing on extensive archival research and interviews, historian Luca Falciola reconst...
Speculative Communities
"In Speculative Communities, Komporozos-Athanasiou examines the ways that financial speculation has moved beyond markets to shape fundamental aspects of our social and political lives. As ordinary people make exceptional decisions--such as the American election of a populist demagogue or the British vote to leave the European Union--they are moving from time-honored and -tested practices of governance, toward the speculative promise of a different kind of future. Even our methods of building community have shifted to the speculative realm as social media platforms enable and amplify alternative visions of the present and future-these are the "speculative communities" that now shape our perso...
Recession
What is Recession A contraction of the business cycle that takes place when there is a broad reduction in economic activity is referred to as a recession in the field of economic sciences. When there is a significant decrease in expenditure across the board, recessions are likely to emerge. A variety of occurrences, including but not limited to a financial crisis, an external trade shock, an unfavorable supply shock, the collapse of an economic bubble, or a large-scale natural or manmade calamity, have the potential to set this off. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Recession Chapter 2: Reaganomics Chapter 3: Economy of the United State...
Liberalism at Large
In this landmark book, Alexander Zevin looks at the development of modern liberalism by examining the long history of the Economist newspaper, which, since 1843, has been the most tireless - and internationally influential - champion of the liberal cause anywhere in the world. But what exactly is liberalism, and how has its message evolved? Liberalism at Large examines a political ideology on the move as it confronts the challenges that classical doctrine left unresolved: the rise of democracy, the expansion of empire, the ascendancy of high finance. Contact with such momentous forces was never going to leave the proponents of liberal values unchanged. Zevin holds a mirror to the politics - ...
Late Fascism
In a world shaken by ecological, economic and political crises, the forces of authoritarianism and reaction seem to have the upper hand. How should we name, map and respond to this state of affairs? The rich archive of twentieth-century debates on fascism can steer a path through an increasingly authoritarian present. Developing anti-fascist theory is an urgent and vital task. From the 'Great Replacement' to campaigns against critical race theory and 'gender ideology', today's global far right is launching lethal panics about the threats to traditional political, sexual and racial hierarchies. Drawing especially on Black radical and anti-colonial theories of fascism, Toscano makes clear the limits of associating fascism primarily with the kind of political violence experienced by past European regimes. Rather than looking for analogies from history, we should see fascism as a mutable process, one anchored in racial and colonial capitalism, which both predates and survives its crystallization in Mussolini's Italy and Hitler's Germany. It is a threat that continues to evolve in the present day.
Pax Economica
"A new economic history which uncovers the forgotten left-wing, anti-imperial, pacifist origins of economic cosmopolitanism and free trade from the mid-nineteenth to the mid-twentieth century. The post-1945 international free-trade regime was established to foster a more integrated, prosperous, and peaceful world. As US Secretary of State Cordell Hull (1933-1944), "Father of the United Nations" and one of the regime's principal architects, explained in his memoirs, "unhampered trade dovetailed with peace; high tariffs, trade barriers, and unfair economic competition, with war." Remarkably, this same economic order is now under assault from the country most involved in its creation: the Unite...
Government Spending
What is Government Spending Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure. Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is classed as government investment. These two types of government spending, on final consumption and on gross capital formation, together constitute one of the major components of gross domestic pr...
Fiscal Policy
What is Fiscal Policy In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies use...
A Third Path
"A transnational history of corporatism-a "third path" between capitalism and communism-centered on mid-twentieth century Brazil. Following the First World War, there was a widespread feeling that the unchecked free-market competition had given rise to financial crisis, social unrest, and chronic underdevelopment. With people and governments across the world looking for an alternative to laissez-faire capitalism, Brazil took a central role in experimenting with a "third path" between capitalism and communism: corporatism. Remaking Capitalism: A Global History of Corporatism in Brazil, 1920s-1960s argues that corporatism transformed the Brazilian state into an agent of economic development, a...
