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First published in 1984, this book carefully dissects and convincingly demonstrates that conservative economics is incoherent in theory and disastrous in practice. The three main schools of thought supporting "free-market" policies – supply side economics, monetarism and rational expectations – are examined in turn and each is found defective. Three case studies of conservative policy in action follow: Reagan’s U.S., Thatcher’s U.K. and Pinochet’s Chile and their courses are charted in depth. In addition, Robert Heilbroner and Edward Nell analyse economic conservatism’s ideology and social policy, and the book concludes with an assessment of the political reasons for the continuing appeal of free-market conservatism despite its theoretical incoherence and practical failure. This is a careful and comprehensive look at this subject which tackles both the theory and the practice head-on. It will make useful and stimulating reading for students of economics and political economy on courses of economic policy and macro-economics and in addition will be of keen interest to all those involved in the debate about one of the major policy issues of our time.
First published in 1991, this title provides a comprehensive and objective account of the basis of ‘green’ arguments and their social and political implications. By the beginning of the 1990s, environmental awareness had become widespread, popular, and fashionable throughout the West, adopted by politicians, manufacturers and advertising agencies. The book sets out to explain why and how the ‘green wave’ developed, and examines the forces still shaping green politics and policies at an international level. With important implications across the fields of Sociology, Development Studies and Environment and Sustainability, this reissue will be valuable to a broad student and academic readership.
Since the 1880s, the Conservative Party has been an important political force in Britain. In this study of Conservative ideology since the end of Second World War, first published in 1974, Andrew Gamble considers the nature of Conservative party opinion, and the factors that have accounted for its success. The adaptation of the party post-1945 is discussed, as well as the ascendancy of the Right progressives in the leadership, and the challenge of the Whigs and Imperialists. Finally, the book includes a discussion of the fluctuations within the Conservative Government between 1970 and 1974, with an account of what Gamble believes to have been ultimately a failure. A rigorous and comprehensive analysis of Conservative thought and policy, this study will be of particular value to those with an interest in the history of British Conservative politics and government.
With the advent of Thatcherism in the UK and Reaganomics in the USA, ‘industrial policy’ had become something of a discredited notion in the 1980s. The emphasis had shifted to programmes of deregulation, de-nationalization, and tax reform. The essays in this challenging and vigorous collection, first published in 1989, sprung from work that had been conducted in the USA, notably at the Harvard Business School, on reappraising the role of the public sector in industrial management. This American work suggested ways in which public sector and other bodies might have revitalized industrial life. This book is ideal for students of business and economics.
First published in 1987, Evolutionary Macroeconomics offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented. The book begins with a commentary on the state of macroeconomics and an evaluation of attempts to redevelop its underlying vision of economic behaviour. Particular attention is paid to the treatment of expectations and anticipations. The second part of the book presents a behavioural framework which is compatible with an evolutionary perspective on economic behaviour. The third part of the book discusses the implications of adopting an evolutionary approach to macroeconomic theory, empirical methods and policy design, culminating in a specific policy proposal to cure stagflation.
First published in 1991, this is a reissue of the path-breaking Dictionary of Conservative and Libertarian Thought, the first book to examine the ideals and arguments produced by the intellectual traditions of both conservatism and classical liberalism. Covering the ideas of many such distinguished thinkers as Hayek, Scruton, Friedman and Buchanan, the volume provides a valuable survey of the historical development of both schools of thought in all of the major western countries and their contributions to contemporary debates. From American Conservatism to French Liberalism, Invisible Hand to Organic Society, from Scientism to Scepticism and Utopianism to Voluntarism, this is a vital work whose reissue will be welcomed as much by the keen layperson as by students of political science, the history of philosophy, economics and public policy.
This book studies neoliberalism's features in the UK and USA in the 1980s in relation to the philosophical, historical, political, legal, and economic concepts. It analyses the model's legacy in the "Anglosphere," its acceptance, rejection, proliferation in France and Europe - the EU often emulating and disseminating neoliberal processes and techniques via hard and soft law -, its scope, its spread throughout EU countries characterised by "illiberalism," highlighting the model's need to adapt. It fills a historiographical gap regarding a concept which remains acutely topical.
Over the last two decades, ‘neoliberalism’ has emerged as a key concept within a range of social science disciplines including sociology, political science, human geography, anthropology, political economy, and cultural studies. The SAGE Handbook of Neoliberalism showcases the cutting edge of contemporary scholarship in this field by bringing together a team of global experts. Across seven key sections, the handbook explores the different ways in which neoliberalism has been understood and the key questions about the nature of neoliberalism: Part 1: Perspectives Part 2: Sources Part 3: Variations and Diffusions Part 4: The State Part 5: Social and Economic Restructuring Part 6: Cultural Dimensions Part 7: Neoliberalism and Beyond This handbook is the key reference text for scholars and graduate students engaged in the growing field of neoliberalism.
This multidisciplinary book provides new insights and hope for sustainable prosperity given recent developments in economics – but only if swift and strong actions consistent with Earth’s biophysical limits and principles of justice are universally taken. It is one thing to put limits on resource throughput and waste generation to conform with the ecosphere’s biocapacity. It is another thing to efficiently allocate a sustainable rate of resource throughput and ensure it is equitably distributed in the form of final goods and services. While the separate but interdependent decisions regarding throughput, distribution, and allocation are the essence of ecological economics, dealing with them in a world that needs to cure its growth addiction requires a realistic understanding of macroeconomics and the fiscal capacity of currency-issuing central governments. Sustainable prosperity demands that we harness this understanding to carefully regulate the rate of resource throughput and manipulate macroeconomic outcomes to facilitate human flourishing. The book begins by outlining humanity’s current predicament of gross ecological overshoot and laments the half-century of missed opportunities since The Limits to Growth (1972). What was once economic growth has become, in many high-income countries, uneconomic growth (additional costs exceeding additional benefits), which is no longer advancing wellbeing. Meanwhile, low-income nations need a dose of efficient and equitable growth to escape poverty while protecting their environments and the global commons. The book argues for a synthesis of our increasing knowledge of the ecosphere’s limited carrying capacity and the power of governments to harness, transform, and distribute resources for the common good. Central to this synthesis must be a correct understanding of the difference between financial constraints and real resource constraints. While the latter apply to everyone, the former do not apply to currency-issuing central governments, which have much more capacity for corrective action than mainstream thinking perceives. The book joins the growing chorus of authoritative voices calling for a complete overhaul of the dominant economic system. We conclude with policy recommendations based on a new economics that, if implemented, would come close to guaranteeing a sustainable and prosperous future. Upon reading this book, at least one thing should be crystal clear: business as usual is not a viable option.
This book places the philosophy of Simone Weil into conversation with contemporary environmental concerns in the Anthropocene. The book offers a systematic interpretation of Simone Weil, making her ethical philosophy more accessible to non-Weil scholars. Weil’s work has been influential in many fields, including politically and theologically-based critiques of social inequalities and suffering, but rarely linked to ecology. Kathryn Lawson argues that Weil’s work can be understood as offering a coherent approach with potentially widespread appeal applicable to our ethical relations to much more than just other human beings. She suggests that the process of "decreation" in Weil is an expansion of the self which might also come to include the surrounding earth and a vast assemblage of others. This allows readers to consider what it means to be human in this time and place, and to contemplate our ethical responsibilities both to other humans and also to the more-than-human world. Ultimately, the book uses Weil’s thought to decanter the human being by cultivating human actions towards an ecological ethics. This book will be useful for Simone Weil scholars and academics, as well as students and researchers interested in environmental ethics in departments of comparative literature, theory and criticism, philosophy, and environmental studies.