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Explores some central tenets of modern economics, subjecting them to trenchant examination - including the case for free trade and the inevitability of ever more grotesque income inequalities. The book argues that there is a feasible alternative in a democratically controlled economic strategy
This Economic Paper builds on the 2014 SIDS Accelerated Modalities of Action Pathway, which provides guidance on economic, environmental and social priorities in small island developing states. It offers detailed analysis and guidance on alternative economic development strategies and recommends policies to build competitiveness in new industries.
This book provides the first book-length study of the political and economic ideas of the British left’s Alternative Economic Strategy in the 1970s and early 1980s. Discussing the AES’s approaches to capitalism, the nation state and the working class, it argues that existing academic accounts have significantly overstated the radicalism of the strategy. Perhaps more notable, especially in the light of its stated ‘revolutionary’ aims, was the extent of its moderation – its continuities with post-war Labour revisionism, its marked reluctance to look beyond the market economy, the degree of its preoccupation with Britain’s global-economic status, and its inability to break with Labourist politics of class co-operation in the national interest. While the book argues that the AES was the last ‘class politics’ socialist initiative in mainstream British politics, it also explores the ways in which its ideas perhaps prepared the way for New Labour in the 1990s, and its relationship with 'Corbynism' since 2015.
This volume describes African cities in transition, and the economic, socio-political, and environmental challenges resulting from rapid post-colonial urbanization. As the African continent continues to transition from urban configurations inherited from colonial influences and history, it faces issues such as urban slum expansion, increased demands for energy and clean water, lack of adequate public transportation, high levels of inequality among different socio-economic population strata, and inadequate urban governance, planning, and policies. African cities in transition need to reconsider current policies and developmental trajectories to facilitate and sustain economic growth and Africa’s strategic repositioning in the world. Written by an international team of scholars and practitioners, this volume uses case studies to focus on key issues and developmental challenges in selected African cities. Topics include but are not limited to, smart cities, changing notions of democracy, the city’s role in attaining the SDGs, local governance, alternative models for governance and management, corruption, urbanisation and future cities.
Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.
The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.
The volume entails a collection of contributions by leading scholars (Raymond Bryant, Michael K. Goodman, Benjamin Huybrechts, Andrew E.G. Jonas, Roger Lee, Peter North, and Katinka Weber) concerned with alternative modes of economic and social exchange. The cases addressed in these contributions - including credit unions, alternative currencies, sustainable consumption, and social enterprises - deliver valuable insights into how such alternatives are performed at various scales and spaces in relation to and beyond the economic mainstream. In sum, the collection provides vital grounds for both a transition of the economic system towards a more sustainable one, and a reconceptualisation of the economic itself in our scholarly thinking and everyday lives.
Is there life after capitalism? In this creatively argued follow-up to their book The End of Capitalism (As We Knew It), J. K. Gibson-Graham offer already existing alternatives to a global capitalist order and outline strategies for building alternative economies. A Postcapitalist Politics reveals a prolific landscape of economic diversity—one that is not exclusively or predominantly capitalist—and examines the challenges and successes of alternative economic interventions. Gibson-Graham bring together political economy, feminist poststructuralism, and economic activism to foreground the ethical decisions, as opposed to structural imperatives, that construct economic “development” pathways. Marshalling empirical evidence from local economic projects and action research in the United States, Australia, and Asia, they produce a distinctive political imaginary with three intersecting moments: a politics of language, of the subject, and of collective action. In the face of an almost universal sense of surrender to capitalist globalization, this book demonstrates that postcapitalist subjects, economies, and communities can be fostered. The authors describe a politics of possibility that can build different economies in place and over space. They urge us to confront the forces that stand in the way of economic experimentation and to explore different ways of moving from theory to action. J. K. Gibson-Graham is the pen name of Katherine Gibson and Julie Graham, feminist economic geographers who work, respectively, at the Australian National University in Canberra and the University of Massachusetts Amherst.
`A hopeful but nonetheless hard-hitting analysis of alternative economic spaces proliferating in the belly of the capitalist beast. In this book Leyshon, Lee and Williams convene fascinating studies of exchange, enterprise, credit and community. They invite us onto a new and promising discursive terrain where we can analyze, criticize and above all recognize actually existing economies of diversity in the wealthy countries of the West' - J K Gibson-Graham, Australian National University and University of Massachusetts, Amherst In the context of problems in the "new economy" - from dot.com start-ups, high-technology, and telecoms - Alternative Economic Spaces presents a critical evaluation of alternatives to the global economic mainstream. It focuses on the emergence of alternative economic geographies within developed economies and analyzes the emergence of alternative economic practices within industrialized countries. These include the creation of institutions like Local Exchange and Trading Systems, Credit Unions, and other social economy initiatives; and the development of alternative practices from informal work to the invention of consumption sites that act as alternatives to the monoply of the `big-box', multi-chain retail outlets. Alternative Economic Spaces is a reconsideration of what is meant by the `economic' in economic geography; its objective is to bring together some of the ways in which this is being undertaken. The volume shows how the `economic' is being rethought in economic geography by detailing new economic geographies as they are emerging in practice.