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Crisis and the Failure of Economic Theory
Economists have rightly been criticized for not having foreseen the crisis that exploded in 2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest heavily on their shoulders. By developing a theory which excluded the possibility that a catastrophic crisis could ever happen, the economics profession has justified decisions and behaviours that caused the Great Recession. This book presents an alternative theoretical approach built on the lessons of Marx, Keynes, Schumpeter, Kalecki, Kaldor and Minsky, which highlights the structural instability of a capitalist economy and the endogenous nature of the current crisis.
After Work
Does it ever feel like you have no free time? You come home after work and instead of finding a space of rest and relaxation, you're confronted by a pile of new tasks to complete - cooking, cleaning, looking after the kids, and so on. In this ground-breaking book, Helen Hester and Nick Srnicek lay out how unpaid work in our homes has come to take up an ever-increasing portion of our lives - how the vacuum of free time has been taken up by vacuuming. Examining the history of the home over the past century - from running water to white goods to smart homes - they show how repeated efforts to reduce the burden of this work have faced a variety of barriers, challenges, and reversals. Charting the trajectory of our domestic spaces over the past century, Hester and Srnicek consider new possibilities for the future, uncovering the abandoned ideas of anti-housework visionaries and sketching out a path towards real free time for all, where everyone is at liberty to pursue their passions, or do nothing at all. It will require rethinking our living arrangements, our expectations and our cities.
Global Justice, Markets and Domination
This thought-provoking book analyses the process of labour commodification, through which the individual’s ability to earn a basic living becomes dependent on the conditions of the market relationship. Building on the premise that the separation of a group of individuals from the means of production is an intrinsic element of capitalism, Fausto Corvino theorises that this implies a form of domination in a neo-republican sense.
The Other Canon of Economics, Volume 1
Other Canon Economics: Essays in the Theory and History of Uneven Economic Development brings together key essays on development economics from one of the most prolific and important development economists and historians of economic policy today. Erik S. Reinert argues through essays ranging from 1994 to 2020 that neo-classical economics damages developing countries, mostly via adherence to the theory of comparative advantage. Based on a long intellectual tradition, started by the Italian economists Giovanni Botero (1589) and Antonio Serra (1613), Reinert shows that the country which trades increasing returns goods – e.g. high-end manufacture – has advantages over the country which trades diminishing returns goods – e.g. commodities. This has important implications for today’s development strategies that, Reinert argues, should be seen as industrial strategies.
Having Too Much
Having Too Much is the first academic volume devoted to limitarianism: the idea that the use of economic or ecosystem resources should not exceed certain limits. This concept has deep roots in economic and political thought. One can find similar statements of such limits in thinkers such as Plato, Aquinas, and Spinoza. But Having Too Much is the first time in contemporary political philosophy that limitarianism is explored at length and in detail. Bringing together in one place the best writing from key theorists of limitarianism, this book is an essential contribution to political philosophy in general, and theories of distributive justice in particular. Including some of the key published articles as well as new chapters, Having Too Much is necessary reading for scholars and students of political theory and philosophy, as well as anyone interested in questions of distributive justice.
Who Owns the Wind?
Why the wind, and energy it produces, should not be private property The energy transition has begun. To succeed—to replace fossil fuels with wind and solar power—that process must be fair. Otherwise, mounting pop- ular protest against wind farms will prolong carbon pollution and deepen the climate crisis. David McDermott Hughes examines that anti-industrial, anti- corporate resistance, drawing on his time spent conducting field research in a Spanish village surrounded by wind turbines. In the lives of a community freighted with centuries of exploitation—people whom the author comes to know intimately—clean power and social justice fit together only awkwardly. A green economy will require greater efforts to get ordinary people such as these on board. Aesthetics, livelihood, property, and, most essentially, the private nature of wind resources—all these topics must be examined with fresh eyes.
The Science of Science Policy
Basic scientific research and technological development have had an enormous impact on innovation, economic growth, and social well-being. Yet science policy debates have long been dominated by advocates for particular scientific fields or missions. In the absence of a deeper understanding of the changing framework in which innovation occurs, policymakers cannot predict how best to make and manage investments to exploit our most promising and important opportunities. Since 2005, a science of science policy has developed rapidly in response to policymakers' increased demands for better tools and the social sciences' capacity to provide them. The Science of Science Policy: A Handbook brings to...
Fast, Easy, and In Cash
What happens to skilled craftsmen when global trade brings cheap mass-produced goods to market? Economic anthropologists have been wondering and worrying about the fate of artisans and their crafts for decades. In "Fast, Easy, and In Cash," veteran ethnographers Jason Antrosio and Rudi Colloredo-Mansfeld show how disruptive to local economies global capitalism has been, but they also shed light on what it takes to survive as an artisan amid intense competition. Using lively and often surprising examples from collaborative research in Ecuador and Columbia, they describe the time-tested tactics small-batch producers have used to sustain their livelihoods and foster distinctively indigenous for...
Unconditional
Can anything ever be truly unconditional? Can public services such as healthcare or education be unconditional? And can an income ever be unconditional? This incisive book responds to these questions with a qualified ‘yes,’ and considers whether a social policy regime based on unconditionality might ever replace neoliberalism.
