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A Political Economy of the Measurement of Inflation
Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation, remains very frequently consulted by citizens, due to its multiple uses. The CPI is used for indexing wages, pensions, but also various contracts such as food pensions. It is also used by National Accounts to deflate macroeconomic values and to provide data in “real” terms. But how is this CPI measured? index? What reforms have happened to give shape to the XXIst century CPI? This book presents the CPI based on the study of the controversies that have marked its history. Set in both the socio-economic and ideas contexts, these controversies show the eminently conventional and political nature of the CPI and, therefore, of many other macroeconomic indicators, such as growth or productivity.
The Well-being Transition
The purpose of this volume, bringing together key actors of the well-being community, including scholars and policy-makers, is to advance the understanding and undertaking of the well-being transition away from growth and toward resilience and sustainability, at a time when this progress has become a vital necessity. A decade after the publication of the Stiglitz Report (2009), alternative visions to GDP and growth, that flourished in the 1970s, have re-emerged from all corners of the world, at all levels of governance. Yet, GDP and growth remain very much dominant in defining public policies, influencing businesses and shaping imaginaries. This book moves forward on two urgent tasks that stand before us in order to make progress in the well-being transition: first, connecting well-being to sustainability in a consistent framework highlighting their complementarity, using health as a pivot; second, operationalizing well-being indicators, i.e. integrating them into policy at all levels of governance.
Working in the Service Sector
The rise to prominence of the service sector - heralded over half a century ago as the great hope for the twenty-first century - has come to fruition. In many cases, employment in the service sector now outnumbers that in manufacturing sectors, and it is accepted that in all developed countries, the service sector is the only one in which employment will grow in future. The reasons for this is the subject of much controversy and debate, the outcomes of which are not merely of academic interest but of decisive importance for economic policy and the quality of working and living conditions in future. In order to examine these various arguments, research teams from eight European countries worked together for three years on a comparative study of the evolution of service sector employment in EU member states. They also investigated working and employment conditions in five very different service industries (banking, retailing, hospitals, IT services and care of the elderly) in a number of countries, and the results of their research are presented in this informative new collection, of interest to students academics and researchers involved in all aspects of industrial economics.
How the World Turned into a Laboratory
This book provides a comprehensive history of the COVID-19 pandemic. At first glance, the pandemic struck as a natural disaster, with the sudden emergence of a virus as a major threat from outside. However, the pandemic has a history. SARS-COV-2 arrived in a world that was already very much focused on viruses, health, and longevity, and in which the fear of epidemics had already led to the mobilization of knowledge, technology, and a wide range of institutions to prepare us. The book develops the argument that these pre-existing structures and sensitivities have to a large extent determined the political and other reactions to the SARS-COV-2 virus and how the debates on the measures to halt its circulation have unfolded.
A triumph of failed ideas: European models of capitalism in the crisis
The current crisis in Europe is being labelled, in mainstream media and politics, as a ‘public debt crisis’. The present book draws a markedly different picture. What is happening now is rooted, in a variety of different ways, in the destabilisation of national models of capitalism due to the predominance of neoliberalism since the demise of the post-war ‘golden age’. Ten country analyses provide insights into national ways of coping – or failing to cope – with the ongoing crisis. They reveal the extent to which the respective socio-economic development models are unsustainable, either for the country in question, or for other countries. The bottom-line of the book is twofold. Fi...
New Economy, New Myth
With so much written about the 'new economy', this book employs a mixture of academic rigour and readable prose making it a distinctive and intriguing read for those interested in the internet bubble - and the furor that surrounded it.
Science, Numbers and Politics
This study explores the dynamic relationship between science, numbers and politics. What can scientific evidence realistically do in and for politics? The volume contributes to that debate by focusing on the role of “numbers” as a means by which knowledge is expressed and through which that knowledge can be transferred into the political realm. Based on the assumption that numbers are constantly being actively created, translated, and used, and that they need to be interpreted in their respective and particular contexts, it examines how numbers and quantifications are made ‘politically workable’, examining their production, their transition into the sphere of politics and their eventual use therein. Key questions that are addressed include: In what ways does scientific evidence affect political decision-making in the contemporary world? How and why did quantification come to play such an important role within democratic politics? What kind of work do scientific evidence and numbers do politically?
Public Action in the crisis
Confronted with the major crisis that struck the world economy at the end of the first decade of the twenty-first century, analysts, researches, and political leaders studied past experiences to avoid repeating errors of diagnosis, recommendation, or action. The disatrous experience of the Great Depression of the 1930's, which caused and social misery, messive unemployment, protectionism forms of nationalism, and led to a world war whose devastating effects were pushed to an extreme, remained in mind.
Divisive integration. The triumph of failed ideas in Europe — revisited
This book is a follow-up to the ETUI 2012 volume 'The triumph of failed ideas'. The focus of the book is the weight attributed to the different economic and social development paths in ten individual EU countries, and their interaction with the austerity regime established at EU level which in fact is deepening the crisis rather than paving ways out of it. The most dangerous implication of this policy approach is, according to this study, that it is driving countries apart - misleadingly in the name of 'Europe', hence the title of the book 'divisive integration'. The main message of the book is that a gradual recovery is possible only if there is a change of course in individual countries that then triggers reactions in the policies of other countries and perturbations at the EU level. However, these changes in individual countries is no longer feasible without a green light or at least toleration from the level of the European institutions.
