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Progressives need a fundamentally new approach to politics. They have been losing not just because conservatives have so much more money and power, but also because they have accepted the conservatives' framing of political debates. They have accepted a framing where conservatives want market outcomes whereas liberals want the government to intervene to bring about outcomes that they consider fair. This puts liberals in the position of seeming to want to tax the winners to help the losers. This "loser liberalism" is bad policy and horrible politics. Progressives would be better off fighting battles over the structure of markets so that they don't redistribute income upward. This book describes some of the key areas where progressives can focus their efforts in restructuring the market so that more income flows to the bulk of the working population rather than just a small elite.
According to the National Bureau of Economic Research (NBER), a deep recession started in the United States in December 2007 and ended in June 2009. However, most people recognize that even though the recession was said to be over, its after-effects lingered well into the next decade, and even in 2017, some ten years later, governments in America and around the world were struggling with problems of low growth, wage stagnation and high poverty. Most economists were caught off guard, and they began to look for new ideas that may be appropriately called NEW MACROECONOMICS. This book examines conventional economics in the context of recent developments. It shows that a new theory, known as the wage-productivity model, explains almost every macro-economic experience of the global economy since 1980. You have to read this theory to believe it. This theory will turn out to be more important than the Keynesian revolution.
This book explores how Washington’s efforts to act on climate change have been translated under conditions of American neoliberalism, where the state struggles to find a stable and legitimate role in the economy, and where environmental and industrial policy are enormously contentious topics. This original work conceptualizes US climate policy first and foremost as a question of innovation policy, with capital accumulation and market domination as its main drivers. It argues that US climate policy must be understood in the context of Washington’s broader efforts over the past four decades to dominate and monopolize novel high-tech markets, and its use of immense amounts of state power to achieve this end. From this perspective, many elements of US climate politics that seem confusing or contradictory actually appear to have an obvious and consistent logic. This book will be of particular interest to students and scholars of IPE, as well as individuals generally interested in gaining a stronger understanding of US climate politics and policy, and the role and influence of neoliberalism on contemporary economic governance.
A look at why the worst economy since the 1930s has brought about the revival of conservatism.
The European economic crisis has been ongoing since 2008 and while austerity has spread over the continent, it has failed to revive economies. The media have played an important ideological role in presenting the policies of economic and political elites in a favourable light, even if the latter’s aim has been to shift the burden of adjustment onto citizens. This book explains how and why, using a critical political economic perspective and focusing on the case of Ireland. Throughout, Ireland is compared with contemporary and historical examples to contextualise the arguments made. The book covers the housing bubble that led to the crash, the rescue of financial institutions by the state, the role of the European institutions and the International Monetary Fund, austerity, and the possibility of leaving the eurozone for Europe’s peripheral countries. Through a systematic analysis of Ireland’s main newspapers, it is argued that the media reflect elite views and interests and downplay alternative policies that could lead to more progressive responses to the crisis.
"Part Time for All offers solutions to 4 pressing problems: inequality for care-givers; family stress from demands of work and care; chronic time scarcity; policy makers who are ignorant of care and care-givers with little access to policy making--the care/policy divide. Only a radical restructuring of both work and care can redress all these problems. We propose new norms: no one does paid work for more than 30 hours a week, and everyone contributes roughly 22 hours of unpaid care to family, friends, or their chosen community of care. Other approaches provide only partial solutions. For example, wages for housework, or excellent daycare, or flexible work hours would not overcome the care/policy divide. We explain why everyone needs to acquire the knowledge and dispositions that come from the sustained experience of providing care throughout one's life. We show how work can be transformed to allow time for care giving, and how these new norms will generate a cultural shift in the value accorded care. While we focus primarily on human-to-human care, we include care for the earth. The final two chapters describe how these processes of transformation could be feasibly accomplished and why these changes are possible in high income countries within our current global economy. Every one of our proposals already exists in at least one country; the task is to integrate the key reforms and scale them up. Given the magnitude of the current problems, deep changes are needed. Part-Time for All offers a feasible path forward"--
The economic crisis of 2008 led to an unprecedented focus on the world of high finance—and revealed it to be far more arcane and influential than most people could ever have imagined. Any hope of avoiding future crises, it’s clear, rest on understanding finance itself. To understand finance, however, we have to learn its history, and this book fills that need. Kevin R. Brine, an industry veteran, and Mary Poovey, an acclaimed historian, show that finance as we know it today emerged gradually in the late nineteenth century and only coalesced after World War II, becoming ever more complicated—and ever more central to the American economy. The authors explain the models, regulations, and institutions at the heart of modern finance and uncover the complex and sometimes surprising origins of its critical features, such as corporate accounting standards, the Federal Reserve System, risk management practices, and American Keynesian and New Classic monetary economics. This book sees finance through its highs and lows, from pre-Depression to post-Recession, exploring the myriad ways in which the practices of finance and the realities of the economy influenced one another through the years. A masterwork of collaboration, Finance in America lays bare the theories and practices that constitute finance, opening up the discussion of its role and risks to a broad range of scholars and citizens.
Failed argues that some of the most important economic developments of recent years, including prolonged economic failures and alternatives, are widely misunderstood. Topics include the Eurozone, growth in the developing world, Latin America's "second independence" in the 21st century, and the International Monetary Fund's policies and loss of influence.
Argues that the economic debate is often won with faulty messages and personification of the economy, leading to uncertainty as to what the economy actually is.
Get up-to-speed with some of the biggest challenges facing New Zealand with this bundle of high-profile BWB Texts. These four works are combined into one easy-to-read e-book, available direct and DRM-free from our website or from international e-book retailers. Seventy-five years after Labour’s social security reforms of the 1930s, Paul Dalziel and Caroline Saunders argue in Wellbeing Economics it is time for a major shift in New Zealand’s economic perspective. In Growing Apart, Shamubeel Eaqub highlights the changing economic fortunes of people in different parts of New Zealand – the growing gaps between our regions. Max Rashbrooke’s The Inequality Debate provides a succinct introduction to income inequality in New Zealand using the latest data. The meaning of The Piketty Phenomenon for New Zealand is explored by a diverse range of economists and commentators addressing the relevance of Thomas Piketty’s ‘Capital in the Twenty-First Century’. BWB Texts are short books on big subjects by great New Zealand writers. Commissioned as short digital-first works, BWB Texts unlock diverse stories, insights and analysis from the best of our past, present and future New Zealand writing.