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Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "f...
Over the past fifteen years, the United States, Western Europe, and Japan have transformed the relationship between governments and corporations. The changes are complex and the terms used to describe them often obscure the reality. In Freer Markets, More Rules, Steven K. Vogel dispenses with euphemisms and makes sense of this recent transformation. In defiance of conventional wisdom, Vogel contends that the deregulation revolution of the 1980s and 1990s never happened. The advanced industrial countries moved toward liberalization or freer markets at the same time that they imposed reregulation or more rules. Moreover, the countries involved did not converge in regulatory practice but combin...
As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japan's past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fa...
This reader combines, in a single volume, the key writings of classical and contemporary thinkers on political economy, providing both a theoretical approach to understanding capitalism and a survey of the varieties of capitalism around the world today.
The weight of constant digital connection is the default condition of working life, home life, and everyday personal life – driving us to engage more with platforms than with people, a new state of constant disconnection that we cannot escape. Overflowing email inboxes, deluges of mobile phone notifications and torrents of social media posts—the flow of communication in its abundance is today's individualized interface for interpersonal and professional practices. Communication technologies and their use are both the needle and the thread of the wider social tapestry of everyday contemporary life. This ever-changing communication environment is where the neoliberal economic policies of t...
Argues that the tradition of critical theory has had significant problems dealing with the concept of nature and that their solutions require taking seriously the idea of nature as socially constructed.
Charting the development of the industry from post-war devastation, through good recovery in the 1960s, and then up to the present, the book explores why Japan, despite being a world leader in many high technology industries, is only a minor player in the global pharmaceutical industry.
Marketcraft argues that markets do not arise spontaneously but rather are crafted by individuals, firms, and most of all by governments. Thus ""marketcraft"" represents a core function of government comparable to statecraft. Vogel systematically reviews the implications of this argument, critiquing prevalent schools of thought and presenting innovative lessons for policy.
In Human Rights, Gender and the Environment, the authors unravel the complex themes of human rights, gender, and the environment, basing their approach on the pivotal issue of inequality. All three themes manifest unequal relationships that exist between humans and between humans and the environment. It discusses human rights, gender issues in contemporary India, impact of socio-economic development on the environment and examines the specific issues of the environment in an international context and presents policies and movements in India.
In this landmark volume, J. Rodgers Hollingsworth, Karl H. M ller, and Ellen Jane Hollingsworth take a first step towards imposing order on the increasingly diverse field of socio-economics by embedding the various disciplines and sub-disciplines in a common core. The distinguished contributors in this volume show how institutions, governance arrangements, societal sectors, organizations, individual actors, and innovativeness are intertwined and, ultimately, how individuals and firms have a high degree of autonomy. By offering original suggestions and guidelines for developing a socio-economics research agenda focused on institutional analysis, Advancing Socio-Economics: An Institutionalist Perspective, will enlighten all interested in the social sciences.