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"Economic history 1945-"
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Mad money
Mad money is a classic of international relations and international political economy literature. It also has profound modern relevance. First published by Manchester University Press in 1998, the book called for an end to the volatility of international financial markets. Markets had grown, technology had advanced, and regulation had all but disappeared, resulting in financial crises in Asia and in the western world. The book identified that finance now called the tune internationally: governments had been stripped of control, morals had loosened, and income gaps were widening sharply. Susan Strange predicted that this would lead to a long, inevitable financial crisis if it continued unchecked. She was proved right within a decade of the book coming out. This reissue includes a new introduction by Benjamin Cohen of the University of California that contextualises the book, and conveys the value of the work for a modern audience.
eBook
Architects of Austerity
Architects of Austerity argues that the seeds of neoliberal politics were sown in the 1950s and 1960s. Suggesting that the postwar era was less socially democratic than we think, Aaron Major presents a comparative-historical analysis of economic policy in the United States, the United Kingdom, and Italy during the early 1960s. In each of these cases, domestic politics shifted to the left and national governments repudiated the conservative economic policies of the past, promising a new way forward. Yet, these social democratic experiments were short-lived and deeply compromised. Why did the parties of change become the parties of austerity?
Studies of social welfare policy in these countries have emphasized domestic factors. However, Major reveals that international social forces profoundly shaped national decisions in these cases. The turn toward more conservative economic policies resulted from two critical shifts on the international stage. International monetary organizations converged around an orthodox set of ideas, and a set of institutional transformations within the Bretton Woods system made the monetary community more central to financial management. These changes gave central banks and treasuries the capacity to impose their ideas on national governments.
Architects of Austerity encourages us to critically consider the power that we vest in public financial authorities, which have taken on an ever larger role in international economic regulation.
eBook
Global inequalities
This readable, sociologically interpretive book focuses through the lens of stratification and inequality, the authors examine a wide variety of topics - from global economic trends to ethnic conflicts - in four regions: Africa, Asia, Europe, and the Americas. They use academic models and theories to help make sense of current events and help place them in an appropriate context; these are enhanced by the use of lively stories and examples from the press.
eBook
The misfortunes of prosperity : an introduction to modern political economy
Elucidates the current debates on these and other questions in a fast-paced and incisive tour of the dominant ideas in political economy, summarizing historical and theoretical perspectives on the causes of economic growth in the United States, Western Europe, Japan and elsewhere as the twentieth-century draws to a close.
eBook
Business as usual
i In Business as Usual, Paul Mattick explains the global economic downturn in relation to the development of the world economy since the Second World War, but also, more fundamentally, as an example of the cycle of crisis and recovery that has characterised capitalism since the early nineteenth century. Today's recession, he explains, is the result not of a one-off financial event, but is a manifestation of fundamental, long-term processes within the world economy. Mattick places the downturn within the context of business cycles, which are unavoidable in a free market. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future.
eBook