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The dominant approach to economic policy has so far failed to adequately address the pressing challenges the world faces today: extreme poverty, widespread joblessness and precarious employment, burgeoning inequality, and large-scale environmental threats. This message was brought home forcibly by the 2008 global economic crisis. Rethinking Economic Policy for Social Justice shows how human rights have the potential to transform economic thinking and policy-making with far-reaching consequences for social justice. The authors make the case for a new normative and analytical framework, based on a broader range of objectives which have the potential to increase the substantive freedoms and cho...
This Palgrave Pivot assesses the validity of Modern Money Theory’s approach to macroeconomic policy, specifically monetary and fiscal policy. Whereas other papers have focused primarily on theoretical and doctrinal issues, this book focuses primarily on an analysis of MMT’s policy approach. Though drawing on academic literature, this book’s approach is empirical and policy-based, making it accessible to scholars and the public alike. It addresses a burning question in the policy and politics of the US and elsewhere where MMT is gaining a policy foothold, especially among progressive activists and politicians: Is MMT, in fact, a good guide for progressive macroeconomic policy? The main focus of this book is to explain why the answer to this question is no.
Twenty-four economists discuss how they promote egalitarianism, democracy and ecological sanity through research, activism, and policy engagement Economics and the Left presents interviews with twenty-four leading progressive economists. All of these practitioners of the “dismal science” are dedicated to both interpreting the world and changing it for the better. The result is a combustible brew of ideas and reflections on major historical events, including the Covid-19 pandemic and its impact on the global economy. Interviewed are: Michael Ash, Nelson Henrique Barbosa Filho, James K. Boyce, Ha-Joon Chang, Jane D’Arista, Diane Elson, Gerald Epstein, Nancy Folbre, James K. Galbraith, Teresa Ghilarducci, Jayati Ghosh, Ilene Grabel, Costas Lapavitsas, Zhongjin Li, William Milberg, Léonce Ndikumana, Ozlem Onaran, Robert Pollin, Malcolm Sawyer, Juliet Schor, Anwar Shaikh, William Spriggs, Fiona Tregenna and Thomas Weisskopf.
Analyzes what people 'do for themselves' in the informal economy and how it relates to public policies, formal institutions, and broader socio-economic processes.
This book addresses the interrelationship between economic and financial crises, the responses thereto, and economic and social rights.
This interdisciplinary volume examines the potential of human rights to challenge economic inequalities and their adverse impacts on human wellbeing.
While frustration with various aspects of American democracy abound in the United States, there is little agreement over—or even understanding of—what kinds of changes would make the system more effective and increase political participation. Matthew J. Streb sheds much-needed light on all the major concerns of the electoral process in the thoroughly revised third edition of this timely book on improving American electoral democracy. This critical examination of the rules and institutional arrangements that shape the American electoral process analyzes the major debates that embroil scholars and reformers on subjects ranging from the number of elections we hold and the use of nonpartisan...
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand,...
The issue of living standards is arguably the biggest challenge facing economists and politicians in the United States and the United Kingdom today. The product of a year-long fellowship at Harvard University's Kennedy School of Government, The Squeezed Middle brings together leading experts from both sides of the Atlantic to ask what the UK can learn from the US experience of stagnating wages and rising living costs. American workers have not benefited from growth for an entire generation: adjusting for inflation, the average American worker today earns as much as the average American worker did in 1975. During the last decade British workers have had a similar experience--they can no longe...