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Annotation Rather than being a study of anti-corruption policies, this work looks at the politics of anti-corruption and their institutional motivations. Krastev argues that anti-corruption sentiments are not driven by the actual level of corruption but by general disappointment with liberal reforms that cause rising social inequality. In this collection of essays, the author makes the provocative argument that the current corruption-focused policies are doomed.
In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.
These thirty-three essays, many of them previously unpublished, illustrate the broad range of Warren Nutter's thought. There are essays on the Soviet economy and international relations as well as essays exploring the economic institutions that support a society of free people. One finds in these essays a man of intellect and judgment ever ready to look at the evidence and ever willing to admit imperfections of even the best human institutions. He defends capitalism not because it is perfect but because for this imperfect world it is superior to the attainable alternatives. G. Warren Nutter (1923-1979) taught economics at the University of Virginia. Paul Craig Roberts is a distinguished fellow at the Cato Institute.
Nishida KitarM (1870&–1945) was a Japanese philosopher, and the founder of what has been called the Kyoto School of philosophy. Havor has selected these three essays for translation because they will be politically and philosophically useful for contemporary theorists. The essays examine philosophical issues concerning the concepts of poesis and praxis relevant to Marxs ideas of production.
The essays in this volume represent a dialogue between theory and data. The theory is drawn from a branch of contemporary political economy which can also be labeled the collective-choice school. The data are drawn from Africa. The book extends the methods of reasoning developed in collective choice from their original base-the advanced industrial democracies-to new territory; the literature on rural Africa. Such as extension challenges the power of this form of political economy. It also enriches it, for the central questions which motivate the contemporary study of political economy are often addressed with unique clarity in the scholarship on rural Africa.
Don Lavoie's published work encompassed a wide range of subjects - socialism, hermeneutics, information technology, and culture. The subjects appear unrelated, but a close examination of his research reveals an underlying unity of thought and an economics at sharp variance with the post World War II mainstream. By linking economics to other disciplines, Lavoie demonstrated that economics is closer to the humanities than to the physical sciences. The contributors to this volume explore Don Lavoie's legacy and its implications for economics.
Renowned political economist Samir Amin, engaged in a unique lifelong effort both to narrate and affect the human condition on a global scale, brings his analysis up to the present—the world of 2013. The key events of our times—financial crisis, the emerging nations, globalization, financialization, political Islam, Euro–zone implosion—are related in a coherent, historically based, account. Changes in contemporary capitalism require an updating of definitions and analysis of social classes, class struggles, political parties, social movements and the ideological forms in which they express their modes of action in the transformation of societies. Amin meets this challenge and lays bare the reality of monopoly capitalism in its general, global form. Ultimately, Amin demonstrates that this system is not viable and that the implosion in progress is unavoidable. Whether humanity will rise to the challenge of building a more humane global order free of the contradictions of capital, however, is yet to be seen.
Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, "the economy." Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls "the economy"; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the "positive economics" spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there's no such thing as "the economy." To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value.
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.