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Economic Governance in the Age of Globalization
Rapid growth, reduced poverty, and stable societies: the announced benefits of the world economy celebrated by neoliberal proponents of "the Washington consensus" have failed to materialize. What does this failure mean for future world order and the U.S. role as global hegemon? Addressing this crucial question, William Tabb argues that global economic institutions such as the World Bank and the International Monetary Fund constitute a nascent international state for which all previous models of sovereignty, accountability and equity are inadequate. Integrating economics and political science, Tabb traces the emergence of this global state from the closing days of World War II and examines its future prospects. Even as the United States will continue to dominate the emerging structures of world governance, Tabb maintains, it will have to change the assumptions behind its championing of classical models of international free trade. A new financial architecture must encompass debt forgiveness, multilateral agreements on investment, and a more inclusive model of growth in the twenty-first century.
Reconstructing Political Economy
This volume offers an original perspective on the questions the great economists have asked and looks at their significance for todays world. Written in a provocative and accessible style, it examines how the diverse traditions of political economy have conceptualised economic issues, events and theory. Going beyond the orthodoxies of mainstream economics it shows the relevance of political economy to the debates on the economic meaning of our times. Reconstructing Political Economy is a timely and thought-provoking contribution to a political economy for our time. In this light it offers fresh insights into such issues as modern theories of growth, the historic relations between state and market and the significance of globalisation for modern societies.
The Restructuring of Capitalism in Our Time
Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform. Tabb follows the rise of b...
The Long Default
Classic study of the fiscal crisis that gripped New York City — and much of urban America — in the 1970s.
The Postwar Japanese System
While other industrialized and developing countries look towards Japan as an economic model, the political, cultural, and social arrangements that have so far allowed Japan to succeed are eroding. In particular, Japan faces a system of industrial relations that places great strain on all of Japanese society. In The Postwar Japanese System, William Tabb distinguishes between those aspects of Japanese success that can and cannot be transferred successfully to help in the revitalization of the American economy. The author discusses Japanese economic history from before the Meiji Restoration to the present, and looks at Japanese politics, state-corporate relations, the labor relations system in ...
The Handbook of the Political Economy of Financial Crises
The Great Financial Crisis that began in 2007-2008 reminds us with devastating force that financial instability and crises are endemic to capitalist economies. This Handbook describes the theoretical, institutional, and historical factors that can help us understand the forces that create financial crises.
The Amoral Elephant
In what may well have been the largest popular protest in this country of the last twenty years, more than forty thousand demonstrators in Seattle effectively shut down a World Trade Organization (WTO) conference late last year. Against the backdrop of this historic event, William K. Tabb issues a comprehensive examination of the world capitalist system at the start of the twenty-first century disputing those who see globalization as the steamroller against which the most powerful nations are helpless. It is in fact the most powerful states that have created globalization. The Amoral Elephant examines the implications of globalization, draws parallels to earlier stages of capitalist development to demonstrate the social burdens arising from the exploding financial markets. Tabb describes how international institutions, most importantly the International Monetary Fund and the WTO have focused on neoliberal goals to erode the welfare state and shift wealth from the poor to the rich. Tabb's reasoning is that if we better understand the world, we will be better prepared to engage in the struggle for progressive social change.
Marx Matters
Choice Award 2022: Outstanding Academic Title Marx Matters is an examination of how Marx remains more relevant than ever in dealing with contemporary crises. This volume explores how technical dimensions of a Marxian analytic frame remains relevant to our understanding of inequality, of exploitation and oppression, and of financialization in the age of global capitalism. Contributors track Marx in promoting emancipatory practices in Latin America, tackle how Marx informs issues of race and gender, explore current social movements and the populist turn, and demonstrate how Marx can guide strategies to deal with the existential environmental crises of the day. Marx matters because Marx still provides the best analysis of capitalism as a system, and his ideas still point to how society can organize for a better world. Contributors are: Jose Bell Lara, Ashley J. Bohrer, Tom Brass, Rose M. Brewer, William K. Carroll, Penelope Ciancanelli, Raju J. Das, Ricardo A. Dello Buono, David Fasenfest, Ben Fine, Lauren Langman, Alfredo Saad-Filho, Vishwas Satgar, and William K. Tabb.
Churches in Struggle
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