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Ethical capitalism : Shibusawa Eiichi and business leadership in global perspective
\"Shibusawa Eiichi (1840-1931) was a Japanese banker and industrialist who spearheaded the modernization of Japanese industry and finance during the Meji Restoration. He founded the first modern bank in Japan and his reforms introduced double entry accounting and joint-stock corporations to the Japanese economy. Today, he is known as the \"father of Japanese capitalism.\" Ethical Capitalism is a volume of essays that tackles the thought, work, and legacy of Shibusawa Eiichi and offers international comparisons with the Japanese experience. Eiichi advocated for gapponshugi, a principle that emphasized developing the right business, with the right people, in service to the public good. The contributors build a historical perspective on morality and ethics in the business world that, unlike corporate social responsibility, concentrates on the morality inside firms, industries, and private-public partnerships. Ethical Capitalism is not only a timely work; it is a necessary work, in a rapidly globalizing world where deregulation and lack of oversight risk repeating the financial, environmental, and social catastrophes of the past.\"-- Provided by publisher.
Book
Globalization and State Transformation in China
Globalization has thrown up challenges and opportunities which all countries have to grapple with. In his 2004 book, Yongnian Zheng explores how China's leaders have embraced global capitalism and market-oriented modernization. He shows that with reform measures properly implemented, the nation-state can not only survive globalization, but can actually be revitalized through outside influence. To adapt to the globalized age, Chinese leaders have encouraged individual enterprise and the development of the entrepreneurial class. The state bureaucratic system and other important economic institutions have been restructured to accommodate a globalized market economy. In rebuilding the economic system in this way, Zheng observes that Chinese leaders have been open to the importation of Western ideas. By contrast, the same leaders are reluctant to import Western concepts of democracy and the rule of law. The author argues that, ultimately, this selectivity will impede China's progress in becoming a modern nation state.
eBook
Subsistence under capitalism : historical and contemporary perspectives
\"The complex relationship between subsistence practices and formal markets should be a growing matter of concern for those uneasy with the stark contrast between commercial and local food systems, especially since self-provisioning has never been limited to the margins. In fact, subsistence occupies a central space in local and global economies and networks. Bringing together essays from diverse disciplines to reflect on the meaning of subsistence in theory and in practice, in historical and contemporary contexts, in Canada and beyond, Subsistence under Capitalism offers a collective study on the ways in which local food systems have been repeatedly shoved into the shadows by the drive to establish and expand capitalist markets. Considering fishing, farming, and other forms of subsistence provisioning, the essays in this volume document the persistence of these practices despite capitalist government policies that actively seek to subsume them. Presenting viable alternatives to capitalist production and exchange, the contributors explain the critical interplay between politics, local provisioning, and the ultimate survival of society. Illuminating new kinds of engagements with nature and community, Subsistence under Capitalism looks behind the scenes of subsistence food provisioning to challenge the dominant economic thought of the modern world.\"-- Provided by publisher.
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The Culture of the New Capitalism
The distinguished sociologist Richard Sennett surveys major differences between earlier forms of industrial capitalism and the more global, more febrile, ever more mutable version of capitalism that is taking its place. He shows how these changes affect everyday life-how the work ethic is changing; how new beliefs about merit and talent displace old values of craftsmanship and achievement; how what Sennett calls \"the specter of uselessness\" haunts professionals as well as manual workers; how the boundary between consumption and politics is dissolving.
In recent years, reformers of both private and public institutions have preached that flexible, global corporations provide a model of freedom for individuals, unlike the experience of fixed and static bureaucracies Max Weber once called an \"iron cage.\" Sennett argues that, in banishing old ills, the new-economy model has created new social and emotional traumas. Only a certain kind of human being can prosper in unstable, fragmentary institutions: the culture of the new capitalism demands an ideal self oriented to the short term, focused on potential ability rather than accomplishment, willing to discount or abandon past experience. In a concluding section, Sennett examines a more durable form of self hood, and what practical initiatives could counter the pernicious effects of \"reform.\"
eBook
Backwoods consumers and homespun capitalists : the rise of a market culture in eastern Canada
\"In the late eighteenth and early nineteenth centuries, a local economy made up of settlers, loggers, and business people from Lower Canada, New Brunswick, and New England developed on the banks of the Upper Saint John River in an area known as the Madawaska Territory. This emergent economy was ostensibly part of the Atlantic capitalist system but differed from it in several major ways.\" \"In Backwoods Consumers and Homespun Capitalists, Beatrice Craig analyses this economy from its origins in the Native fur trade, the growth of exportable wheat, and the selling of food to new settlers and ton timber to Britain. Craig vividly portrays the role of wives who sold homespun fabric and clothing to farmers, loggers, and river drivers, helping to bolster the local economy. The construction of saw, grist, and carding mills, and the establishment of stores, boarding houses, and taverns are all viewed as steps in the development of what the author calls 'homespun capitalists,' The territory also participated in the Atlantic economy as a consumer of Canadian, British, European, west and east Indian, and American goods. This case study offers a unique examination of the emergence of capitalism and of a consumer society in a small, relatively remote community in the backwoods of New Brunswick.\"--BOOK JACKET.
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The Protestant Ethic and the Spirit of Capitalism
Max Weber's best-known and most controversial work, The Protestant Ethic and the Spirit of Capitalism, first published in 1904, remains to this day a powerful and fascinating read. Weber's highly accessible style is just one of many reasons for his continuing popularity. The book contends that the Protestant ethic made possible and encouraged the development of capitalism in the West. Widely considered as the most informed work ever written on the social effects of advanced capitalism, The Protestant Ethic and the Spirit of Capitalism holds its own as one of the most significant books of the twentieth century. The book is one of those rare works of scholarship which no informed citizen can afford to ignore.
eBook
The Financial Imaginary
As the world has been reshaped since the 1970s by neoliberalism and globalization, increasing financial abstraction has presented a new political urgency for contemporary writers. Globalized finance, the return to Gilded Age levels of inequality, and the emergence of new technologies pose a similar challenge to the one faced by American social realists a century ago: making the virtualization of capitalism legible within the conventions of the realist novel. InThe Financial Imaginary, Alison Shonkwiler reads texts by Richard Powers, Don DeLillo, Jane Smiley, Teddy Wayne, and Mohsin Hamid to examine how fiction confronts the formal and representational mystifications of the economic.
As Shonkwiler shows, these contemporary writers navigate the social, moral, and class preoccupations of American \"economic fiction\" (as shaped by such writers as William Dean Howells, Henry James, Frank Norris, and Theodore Dreiser), even as they probe the novel's inadequacies to tell the story of an increasingly abstract world system. Drawing a connection from historical and theoretical accounts of financialization to the formal contours of contemporary fiction,The Financial Imaginaryexamines the persistent yet vexed relationship between financial representation and the demands of literary realism. It argues that the novel is essential to understanding our relation to the mystifications of abstraction past and present.
eBook
A failure of capitalism : the crisis of '08 and the descent into depression
From the Publisher: The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fueled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist-that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation-and the Keynesian-that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated.
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L’Anti-Oedipe. Capitalisme et Schizophrenie
Deleuze, Gilíes et Guattari, Félix. L’Anti-Oedipe. Capitalisme et Schizophrenie, Paris, Editions de Minuit, 1972, 495 pp.
Journal Article