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This volume argues that economic thought has long been shaped by deeply human forms of attachment, anxiety, desire, fear of suffering and death, and even historical speculation about the ultimate destiny of humanity. Starting in the 17th century, modern economics began to incorporate patterns of speculation and rhetoric that mirror postulates found in religion and the philosophy of history. This text demonstrates that the political significance of economic theory can only be fully understood when the existential commitments that motivated its seminal thinkers, from Smith and Marx to Hayek and beyond, have been excavated. Featuring incisive examinations and revisionist interpretations of Jean-Jacques Rousseau, Adam Smith, Karl Marx, F.A. Hayek, and Karl Polanyi, it is powerfully written and exhaustively researched. It will appeal to anyone interested in political economy, the history of political thought, or the roots of contemporary ideologies.
Despite a burgeoning debate on substantive issues in IPE, little attention has been devoted to its theoretical foundations. In this important new text, Matthew Watson reviews the main current theoretical approaches to IPE and highlights the problems that arise from treating 'states' and 'markets' as separate and contesting units of analysis. Foremost among these problems is the lack of attention given to theorizing the constitution of the individual as both an economic agent and a moral being.
Incisive and engaging, The Free Market Existentialist proposes a new philosophy that is a synthesis of existentialism, amoralism, and libertarianism. Argues that Sartre’s existentialism fits better with capitalism than with Marxism Serves as a rallying cry for a new alternative, a minimal state funded by an equal tax Confronts the “final delusion” of metaphysical morality, and proposes that we have nothing to fear from an amoral world Begins an essential conversation for the 21st century for students, scholars, and armchair philosophers alike with clear, accessible discussions of a range of topics across philosophy including atheism, evolutionary theory, and ethics
This book provides answers to fundamental questions of sustainable development and international cooperation in light of irreversible globalization. Based on comprehensive research and a wealth of experience from his own political activities, the author offers an insightful analysis of the globalized economy and its political, cultural and ecological context. Presenting an objective assessment, the author diagnoses the state of affairs and formulates recipes to overcome present day challenges, such as income inequalities, climate change, demographic imbalance and the new Cold War, which overlap with the “black trinity”: populism, nationalism and authoritarianism. "Grzegorz Kolodko is one of the most acute observers of the international economy, based on long experience both as a practitioner and as an academic. His writings are always an important starting point for debate and discussion about the political economy of globalization." Francis Fukuyama, Stanford University, author of “The End of History” "Grzegorz Kolodko unites deep policy experience, a vast breadth of observation and a solid grip on real-world economics in his case for a new pragmatism. For all involved in the causes of peace, justice, shared prosperity and public purpose, he is a leader and an ally." James K. Galbraith, The University of Texas at Austin "Dr. Kolodko delivers comprehensive and inspiring economic analysis, drawing on his rich historical political leadership. His probing and insightful assessment of globalization in today's and tomorrow's world is a must read." Rev. Jesse L. Jackson, President of Rainbow Coalition and International Civil Rights Activist
Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.
This book analyses contemporary critiques of political economy and highlights the challenges to rethinking contemporary discourses and practices. It carries out a multi-pronged critical and transformative dialogue involving political economy, moral economy, moral sociology, moral anthropology, and spiritual ecology. The authors discuss diverse themes such as the relationship between consciousness and society, the dialogue between Karl Marx and Carl Gustav Jung, a critical sociology of morality and property relations, moral and political economy of the Indigenous peoples and a critique of modern civilization, economic evaluation, as well as alternative traditions of thinking in Marx, Thoreau, Gandhi, J.C. Kumarappa, Rammanohar Lohia, B.R. Ambedkar and Jayaprakash Narain. A unique transdisciplinary text, the book brings together authors and approaches from both the Global North and South. It will be indispensable to students, research scholars and teachers of humanities and social sciences in such fields as economics, sociology, philosophy, cultural studies and development studies.
This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t
This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical s
Uses the disciplines of psychology, anthropology, sociology and psychiatry to explain what makes people act the way they do.