Understanding Capitalism

Author: Samuel Bowles
Publisher: Oxford University Press, USA
ISBN: 9780195138658
Size: 42.58 MB
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Understanding Capitalism 3e provides an introduction to economics with extensive attention to the global economy, inequality, the information revolution, the exercise of power, and the historical evolution of economic institutions and individual preferences. Its three-dimensional approach focuses on competition in markets, command in firms, governments and international relations, and change as a permanent feature of a capitalist economy promoted by technical innovation and conflict over the distribution of income.* Covers standard material from both micro and macro, as well as extensive historical and institutional analysis drawing on anthropology, political science, and sociology* Third edition is entirely rewritten with four new chapters on the long term history of capitalism, the evolution of preferences and values, inequality, and the future of capitalism * The three dimensions of economic life--competition, command, and change--provide a unifying framework encompassing recent developments in behavioural economics, information economics, increasing returns, and institutional economicsContents:1. Capitalism Shakes the World 2. People, Preferences and Society 3. Three-Dimensional Approach to Economics 4. Political Economy, Past and Present 5. The Surplus Product: Conflict and Change 6. Capitalism as an Economic System 7. American Capitalism: Accumulation and Change 8. Supply and Demand: How Markets Work 9. Competition and Co-ordination: The Invisible Hand 10. Capitalist Production and Profits 11. Competition and Concentration 12. Wages and Work 13. Technology, Control, and Conflict in the Workplace 14. The Mosaic of Inequality 15. Progress and Poverty on a World Scale 16. Aggregate Demand, Employment and Unemployment 17. The Dilemmas of Macroeconomic Policy 18. Inflation 19. Government and Economy 20. The Future of CapitalismIndex

Understanding Capitalism

Author: Samuel Bowles
Publisher:
ISBN:
Size: 31.21 MB
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The third edition of understanding Capitalism: Competition, Command, and Change is an introduction to economics that explains how capitalism works, why it sometimes does not work as well as we would like it to, and how over time it not only changes but also revolutionizes the world around us. The "three-dimensional approach" of the text focuses on competition in markets; command in firms, governments, and international relations; and change as a permanent feature of a capitalist economy driven by technical innovation and conflict over the distribution of income.

Meritocracy And Economic Inequality

Author: Kenneth Arrow
Publisher: Princeton University Press
ISBN: 069119033X
Size: 39.95 MB
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Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations. Amartya Sen, John Roemer, Robert M. Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe. The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions. Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.

Austrian Economics In America

Author: Karen I. Vaughn
Publisher: Cambridge University Press
ISBN: 9780521637657
Size: 46.50 MB
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This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.

Democracy And Capitalism

Author: Samuel Bowles
Publisher: Routledge
ISBN: 0415608813
Size: 53.23 MB
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Originally published in 1986, Bowles and Gintis present a critique of contemporary Marxian and liberal political theory. They show that 'capitalism' and 'democracy' - although widely held jointly to characterize Western society - are sharply contrasting systems regulating both the process of human development and the historical evolution of whole societies. They examine in detail the relationship between political theory and economics, and explore the multifaceted character of power in modern societies.

The Spirit Of Democratic Capitalism

Author: Michael Novak
Publisher: Rowman & Littlefield
ISBN: 0819178233
Size: 11.39 MB
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...a major work for our times. --Irving Kristol, The Public Interest

Regulating From Nowhere

Author: Douglas A. Kysar
Publisher: Yale University Press
ISBN: 0300163304
Size: 12.96 MB
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Drawing insight from a diverse array of sources -- including moral philosophy, political theory, cognitive psychology, ecology, and science and technology studies -- Douglas Kysar offers a new theoretical basis for understanding environmental law and policy. He exposes a critical flaw in the dominant policy paradigm of risk assessment and cost-benefit analysis, which asks policymakers to, in essence, "regulate from nowhere." As Kysar shows, such an objectivist stance fails to adequately motivate ethical engagement with the most pressing and challenging aspects of environmental law and policy, which concern how we relate to future generations, foreign nations, and other forms of life. Indeed, world governments struggle to address climate change and other pressing environmental issues in large part because dominant methods of policy analysis obscure the central reasons for acting to ensure environmental sustainability. To compensate for these shortcomings, Kysar first offers a novel defense of the precautionary principle and other commonly misunderstood features of environmental law and policy. He then concludes by advocating a movement toward environmental constitutionalism in which the ability of life to flourish is always regarded as a luxury we "can" afford.

Capitalism Socialism And Democracy

Author: Joseph A. Schumpeter
Publisher: Routledge
ISBN: 1134841507
Size: 71.62 MB
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Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weekly predicted that `for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated. Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.