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A Political Economy of Contemporary Capitalism and its Crisis
The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. This book analyses the ongoing financialization of the economy as a development within capitalism, and explores the ways in which it has changed the organization of capitalist power. The authors offer an interpretation of the role of the financial sphere which displays a striking contrast to the majority of contemporary heterodox approaches. Their interpretation stresses the crucial role of financial derivatives in the contemporary organization of capitalist power relations, arguing that the process of financialization is in fact entirely unthinkable in the absence of derivatives. The book also uses Marx’s concepts and some of the arguments developed in the framework of the historic Marxist controversies on economic crises in order to gain an insight into the modern neoliberal form of capitalism and the recent financial crisis. Employing a series of international case studies, this book will be essential reading for all those with an interest in the financial crisis, and all those seeking to comprehend the workings of capitalism.
Ageing in the Crisis
Demographic ageing should not be a crisis for either societies or individuals, though often reported as problematic. But what about ageing during long periods of crisis, when social and economic conditions worsen? The book takes a look at the experiences of Greece, the country most shaken by the severe financial crisis of the last years. The book describes the strong influence of the crisis on ageing, health and social relations and the challenges to which Greek institutions and citizens respond. The authors represent the multidisciplinary field of economics, social policy, health and family research and civil society in Greece.
The Politics of the Eurozone Crisis in Southern Europe
This book provides an in-depth account of the politics of the Eurozone crisis in Italy, Spain, Greece, Portugal, Cyprus and Malta, mapping the positions expressed by the governments of Southern EU countries during the Eurozone crisis negotiations, including Greece’s bailout deal, the so-called “Six Pack” and the “Fiscal Compact” and exploring the process of domestic preference formation. The book relies on original data resulting from fieldwork conducted in the context of the EU Commission- funded Horizon 2020 project “The Choice for Europe since Maastricht”.
The Great Catalyst
For over half a century, European Union has been a promising endeavor of cooperative institutionalism. It has shown that even nation states with a long history of conflict are capable of collaborating with one another to serve their own interests. However, the EU project has also made visible that there is no one-size-fits-all policy in economics that can be applied to all countries with success. Economics starts and ends with the society. Common culture determines the outcomes of economic policies, and ordinary people pick up the bill when policies turn out to be failures. This book presents two different tales of the European Union to provide an empirical challenge to oversimplified assump...
The Depoliticisation of Greece’s Public Revenue Administration
This book analyses the reform of Greece’s public revenue administration promoted by its international lenders under the successive bailout agreements put in place since 2010. In particular, it shows how an integral part of the finance ministry was converted into an independent agency operating largely outside the direct control of the finance minister. The authors focus on the implementation of this major reform and demonstrate the impact of domestic decisions on the increasing specificity of the international lenders’ demands and the concomitant lack of confidence in the Greek political élite’s commitment to the reform package. This book helps readers understand the response to the eurozone crisis (especially, the conditionality of funding), Greece’s reform capacity with a focus on its tax administration, and the expansion of the scope of non-majoritarian institutions in Western democracies.
The Oxford Handbook of Modern Greek Politics
This volume is the authoritative Handbook guide to the development of Greek politics, economy, and society from the period of the fall of the Colonels' Regime (1974) to the present day, including the causes and consequences of the crisis in Greece and the aftermath of the crisis, in comparative and historical perspective.
Clientelism and Economic Policy
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 ind...
Mobilizing Narratives
Edward Said’s summation that “we live in a period of migration, of forced travel and forced residence, that has literally engulfed the globe” is an apt description of the riveting and pervasive nature of (im)mobility in contemporary times. Wars, climate change, economic recessions, and social and cultural inequalities all contribute to coercing both individuals and communities into forced movement or imposed immobility. This volume investigates the injustices related to free circulation as represented in various literary texts.
Political and Cultural Aspects of Greek Exoticism
This book explores the new Greek exoticism by examining political and cultural mechanisms that contribute to Greece’s image and self-image construction. The contributions shed light on the subject from different perspectives, including political science, history of ideas, sociology, cultural studies, and art criticism. In the first part, the book provides a historical review with a focus on philhellenism, perceptions of antiquity and modernity, and the evolution of Greece as an idea. The second part looks at the current Greek crisis and analyses ideological, political and cultural aspects and stereotypes that contributed to the formation of contemporary Greek culture. The third and final part discusses notions such as aestheticism, idealism and pragmaticism, and deconstructs narrations of Greece through artistic media, such as films and exhibitions, which present a new oriental Utopia.
A History of Economic Theory and Method
Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and Hébert’s survey provides historical and international contexts for how economic models have served social needs throughout the centuries—beginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis. Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by...
