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The Political Economy of Israel
This book constitutes the first attempt at a comprehensive description, history, and analysis of Israel's economy. Plessner examines events of the past two decades and advances the hypothesis that problems within the Israeli economy can be explained by the extent of its departure from the institutions and rules that govern predominantly market economies. He argues that Israel is unusual in that it affords an opportunity to analyze a socialized economy embedded in a democratic society. Individual chapters describe Israel's economic growth and stagnation, the government's domination of capital and credit markets, and the absence of a truly independent private sector. The concluding chapter evaluates the stabilization program of the 1980s and its aftermath and provides a prognosis for the future. Told within the framework of the story of Zionism and the creation of the Jewish state, this book answers the question of why the Israeli economy finds itself today in the same state in which it has languished since 1973.
The Bank of Israel
Volume II provides an in-depth analysis of important specific issues, detailed discussion of the independence of the Bank of Israel, and an econometric study of the central banks policies. This volume also includes a historical account of the liberalization of Israel's foreign-exchange market and various issues related to the banking system, such as concentration, competition, and especially banking supervision. In one of the articles in this volume, based on a series of interviews, the top officials of the Bank of Israel present their view on the Banks policies in the various periods.
Israel After Begin
This book focuses on the nature of Israeli politics in the 'post-Begin' era. It examines significant contemporary issues such as the withdrawal of Israeli forces from Lebanon; the harnessing of the enormous inflation rate; the escalating tension between religious and secular Israeli Jews; the widening influence of radical right wing activist Rabbi Meir Kahane; the fluctuating relationship between Israel and the U.S.; the survival of the Likud Party; and changes in national electoral strategies of the major parties. It places recent events in Israeli politics in a historical context and suggests what the implications of these events might be for the future.
The Open Economy Macromodel: Past, Present and Future
The impetus for the conference that was the basis for this volume emanated from the influence of two brilliant minds-Egon Sohmen and Adam Klug, who both died at an early age, leaving their families and the professions of economics and economic history with major voids. In the course of research on the origins of Open Economy Macroeconomics, the significant contributions of Egon Sohmen came to the fore. After correspondence with some of those involved in the early development of the Open Economy Macromodel, we turned to Adam Klug for his views on the matter-as he had dealt with the history of intertemporal trade models in his Ph. D. thesis. And it was Adam who suggested the idea of a conferen...
The Economics Of Religion
Adam Smith, one of the founding fathers of contemporary economics, observed that religiosity is influenced by the extent of regulation in the 'market' for religion. In countries where there is a state-sponsored religion, one can expect less overall religiosity than if the market were competitive and religions had to compete to increase their membership. Religion, he claims, is like other goods and services supplied in a market economy.Max Weber, one of the founding fathers of contemporary sociology, similarly proposed that religiosity and economic principles are strongly interconnected phenomena. Weber famously thought that Protestant religious beliefs about the importance of work, savings a...
Through the Lens of Israel
Through the Lens of Israel illuminates Israeli history through the use of the author's unique state-in-society approach, and, at the same time, refines, develops, and expands that approach. The book provides a window for the formation of Israeli state and society during the twentieth century, while using the Israeli experience to ask how social scientists can better investigate and understand other societies as well. Three central themes of Israeli history are at the core of the analysis—state formation, society formation, and the mutually constitutive roles of state and society. By analyzing how Israel's state and society continually reconstruct one another, Migdal addresses larger questions with resonance far beyond Israel: How do particular societies and states end up with their distinctive character? How are the rules that shape everyday behavior determined? Who gains from these rules and who loses? And how and when do these rules and patterns of privilege change?
The Bank of Israel
This book, written by Israeli economists from academia, marks the fiftieth anniversary of the Bank of Israel. It consists of two volumes. Volume I presents an analytic monetary history of Israel. Volume II deals in depth with specific topics such as the independenceof the Bank of Israel.
Nation, State and the Economy in History
Originally published in 2003, this book addresses the rarely explored subject of the reciprocal relationships between nationalism, nation and state-building, and economic change. Analysis of the economic element in the building of nations and states cannot be confined to Europe, and therefore these diverse yet interlinked case-studies cover all continents. Authors come to contrasting conclusions, some regarding the economic factor as central, while others show that nation-states came into being before the constitution of a national market. The essays leave no doubt that the nation-state is an historical phenonemon and as such is liable to 'expiry' both through the process of globalisation and through the development of a 'cyber-society' which evades state control. By contrast, developments in southeastern Europe, the former USSR, and parts of Africa and the Far East show that building the nation-state has not run its course.
The Israel Economist
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The Role of Economic Advisers in Israel's Economic Policy
This book illustrates the role of international economic advisors in the development of Israel’s economic policies. Based on extensive archival and historical research, it presents case studies on the policy impacts of the world-renowned advisors Michal Kalecki, Abba Lerner, Richard Kahn, Milton Friedman, Herbert Stein and Stanley Fischer. The authors evaluate the contributions of these advisors to policy developments in various fields, including international trade and capital flows, exchange rates, fiscal and monetary policy, industrial policy and labor relations. Readers will discover a wealth of previously unpublished information on these advisors’ activities, perspectives on policy and interactions with policymakers and the public. Using the Israeli experience as a guide, the authors subsequently derive general hypotheses regarding the conditions that are conducive to the success of economic advisors.
