Liam Murphy and Thomas Nagel
- Published in print:
- 2002
- Published Online:
- November 2003
- ISBN:
- 9780195150162
- eISBN:
- 9780199833924
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195150163.001.0001
- Subject:
- Political Science, Political Theory
In a capitalist economy, taxes are the most significant instrument by which the political system can put into practice a conception of economic justice. But conventional ideas about what constitutes ...
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In a capitalist economy, taxes are the most significant instrument by which the political system can put into practice a conception of economic justice. But conventional ideas about what constitutes tax fairness--found in the vigorous debates about tax policy going on in political and public policy circles, in economics and law--are misguided. In particular, the emphasis on distributing the tax burden relative to pretax income is a fundamental mistake. Taxation does not take from people what they already own. Property rights are the product of a set of laws and conventions, of which the tax system forms a central part, so the fairness of taxes can’t be evaluated by their impact on preexisting entitlements. Pretax income has no independent moral significance. Standards of justice should be applied not to the distribution of tax burdens but to the operation and results of the entire framework of economic institutions. The result is an entirely different understanding of a host of controversial issues, such as the estate tax, the tax treatment of marriage, “flat” versus progressive taxes, consumption versus income taxes, tax cuts for the wealthy, and negative income taxes for the poor.Less
In a capitalist economy, taxes are the most significant instrument by which the political system can put into practice a conception of economic justice. But conventional ideas about what constitutes tax fairness--found in the vigorous debates about tax policy going on in political and public policy circles, in economics and law--are misguided. In particular, the emphasis on distributing the tax burden relative to pretax income is a fundamental mistake. Taxation does not take from people what they already own. Property rights are the product of a set of laws and conventions, of which the tax system forms a central part, so the fairness of taxes can’t be evaluated by their impact on preexisting entitlements. Pretax income has no independent moral significance. Standards of justice should be applied not to the distribution of tax burdens but to the operation and results of the entire framework of economic institutions. The result is an entirely different understanding of a host of controversial issues, such as the estate tax, the tax treatment of marriage, “flat” versus progressive taxes, consumption versus income taxes, tax cuts for the wealthy, and negative income taxes for the poor.
David Miller
- Published in print:
- 1990
- Published Online:
- November 2003
- ISBN:
- 9780198278641
- eISBN:
- 9780191599903
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198278640.001.0001
- Subject:
- Political Science, Political Theory
Offers a theoretical defence of market socialism, a third way between traditional capitalism and traditional socialism, which combines a market economy with social control of capital and employee ...
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Offers a theoretical defence of market socialism, a third way between traditional capitalism and traditional socialism, which combines a market economy with social control of capital and employee control of workplaces. The first part offers a critique of the libertarian philosophy used to defend free‐market capitalism, focussing on the issues of freedom, justice, the neutrality of markets, and private charity as an alternative to the welfare state. The second part defends markets against socialist criticism. Here it is shown that consumers are generally the best judges of their own welfare, that people can deserve their market receipts, that exploitation is not an inherent feature of market transactions, and that alienation can be overcome provided the market is subject to political control. The third part develops a model of the socialist state, defending the ideas of national community as a basis of citizenship, of politics as a form of dialogue between citizens, of the integration of cultural minorities into an encompassing community, and of constitutional limits on majority rule. The book concludes by defending the political relevance of the system outlined in previous chapters.Less
Offers a theoretical defence of market socialism, a third way between traditional capitalism and traditional socialism, which combines a market economy with social control of capital and employee control of workplaces. The first part offers a critique of the libertarian philosophy used to defend free‐market capitalism, focussing on the issues of freedom, justice, the neutrality of markets, and private charity as an alternative to the welfare state. The second part defends markets against socialist criticism. Here it is shown that consumers are generally the best judges of their own welfare, that people can deserve their market receipts, that exploitation is not an inherent feature of market transactions, and that alienation can be overcome provided the market is subject to political control. The third part develops a model of the socialist state, defending the ideas of national community as a basis of citizenship, of politics as a form of dialogue between citizens, of the integration of cultural minorities into an encompassing community, and of constitutional limits on majority rule. The book concludes by defending the political relevance of the system outlined in previous chapters.
Gosta Esping-Andersen
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198742005
- eISBN:
- 9780191599163
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198742002.001.0001
- Subject:
- Political Science, Comparative Politics
The Golden Age of post‐war capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the ...
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The Golden Age of post‐war capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the emerging post‐industrial society is overdetermined by massive, convergent forces, such as tertiarization, new technologies, or globalization, all conspiring to make welfare states unsustainable in the future. This book takes a second, more sociological and institutional look at the driving forces of economic transformation. What stands out as a result is that there is post‐industrial diversity rather than convergence. Macroscopic, global trends are undoubtedly powerful, yet their influence is easily rivalled by domestic institutional traditions, by the kind of welfare regime that, some generations ago, was put in place. It is, however, especially the family economy that holds the key as to what kind of post‐industrial model will emerge, and to how evolving trade‐offs will be managed. Twentieth‐century economic analysis depended on a set of sociological assumptions that now are invalid. Hence, to grasp better what drives today's economy, it is necessary to begin with its social foundations. After an Introduction, the book is arranged in three parts: I, Varieties of Welfare Capitalism (four chapters); II, The New Political Economy (two chapters); and III, Welfare Capitalism Recast? (two chapters).Less
The Golden Age of post‐war capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the emerging post‐industrial society is overdetermined by massive, convergent forces, such as tertiarization, new technologies, or globalization, all conspiring to make welfare states unsustainable in the future. This book takes a second, more sociological and institutional look at the driving forces of economic transformation. What stands out as a result is that there is post‐industrial diversity rather than convergence. Macroscopic, global trends are undoubtedly powerful, yet their influence is easily rivalled by domestic institutional traditions, by the kind of welfare regime that, some generations ago, was put in place. It is, however, especially the family economy that holds the key as to what kind of post‐industrial model will emerge, and to how evolving trade‐offs will be managed. Twentieth‐century economic analysis depended on a set of sociological assumptions that now are invalid. Hence, to grasp better what drives today's economy, it is necessary to begin with its social foundations. After an Introduction, the book is arranged in three parts: I, Varieties of Welfare Capitalism (four chapters); II, The New Political Economy (two chapters); and III, Welfare Capitalism Recast? (two chapters).
Bob Hancké, Martin Rhodes, and Mark Thatcher (eds)
- Published in print:
- 2007
- Published Online:
- September 2008
- ISBN:
- 9780199206483
- eISBN:
- 9780191709715
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199206483.001.0001
- Subject:
- Business and Management, Political Economy
Since the early 1990s, Europe's economies have been facing several new challenges: the 1992 single market programme, the collapse of the Berlin wall and eastward enlargement, and monetary ...
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Since the early 1990s, Europe's economies have been facing several new challenges: the 1992 single market programme, the collapse of the Berlin wall and eastward enlargement, and monetary unification. Building on the influential Varieties of Capitalism (VoC) perspective, this book critically analyses these developments in the European political economy and their effects on the continental European economies. The chapters include debate about how VoC can help understand the political-economic challenges that Europe is facing today, and how understanding these new challenges can in turn enrich and enhance the VoC perspective. Thematically, the contributions to this volume are organised in four sections: how the macro-economics of EMU influenced different European models of capitalism; how the Single Market programme was received in the different institutional regimes in European capitalism; how welfare and labour market reforms are debated and implemented; and how European capitalism travelled east after 1989. The book aims to demonstrate that the VoC approach remains — as the editors put it in their introduction — a rich seam to mine, capable of accommodating new developments, and theoretically flexible enough to branch out into new arguments.Less
Since the early 1990s, Europe's economies have been facing several new challenges: the 1992 single market programme, the collapse of the Berlin wall and eastward enlargement, and monetary unification. Building on the influential Varieties of Capitalism (VoC) perspective, this book critically analyses these developments in the European political economy and their effects on the continental European economies. The chapters include debate about how VoC can help understand the political-economic challenges that Europe is facing today, and how understanding these new challenges can in turn enrich and enhance the VoC perspective. Thematically, the contributions to this volume are organised in four sections: how the macro-economics of EMU influenced different European models of capitalism; how the Single Market programme was received in the different institutional regimes in European capitalism; how welfare and labour market reforms are debated and implemented; and how European capitalism travelled east after 1989. The book aims to demonstrate that the VoC approach remains — as the editors put it in their introduction — a rich seam to mine, capable of accommodating new developments, and theoretically flexible enough to branch out into new arguments.
Colin Crouch
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780199286652
- eISBN:
- 9780191713354
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199286652.001.0001
- Subject:
- Business and Management, Political Economy
Over the last decade, the neo-institutionalist literature on comparative capitalism has developed into an influential body of work. This book assesses this literature and proposes a major ...
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Over the last decade, the neo-institutionalist literature on comparative capitalism has developed into an influential body of work. This book assesses this literature and proposes a major re-orientation of the field. It critiques many aspects of this work and finds a way of modelling how creative actors trying to achieve change — institutional entrepreneurs — tackle these constraints. Central to the account is the concept of governance, as it is by recombining governance mechanisms that these entrepreneurs must achieve their goals. In seeking how to analyse the spaces in which they operate, the book criticises and deconstructs some dominant approaches in socio-political analysis: to typologies, to elective affinity and complementarity, to path dependence. It develops a theory of governance modes, which includes potentially decomposing them into their core components. Finally, it proposes a reorientation of the neo-institutionalist research programme to take more account of detailed diversity and potentiality for change. The book is primarily theoretical, but it makes liberal use of examples, particularly from studies of local economic development and politics.Less
Over the last decade, the neo-institutionalist literature on comparative capitalism has developed into an influential body of work. This book assesses this literature and proposes a major re-orientation of the field. It critiques many aspects of this work and finds a way of modelling how creative actors trying to achieve change — institutional entrepreneurs — tackle these constraints. Central to the account is the concept of governance, as it is by recombining governance mechanisms that these entrepreneurs must achieve their goals. In seeking how to analyse the spaces in which they operate, the book criticises and deconstructs some dominant approaches in socio-political analysis: to typologies, to elective affinity and complementarity, to path dependence. It develops a theory of governance modes, which includes potentially decomposing them into their core components. Finally, it proposes a reorientation of the neo-institutionalist research programme to take more account of detailed diversity and potentiality for change. The book is primarily theoretical, but it makes liberal use of examples, particularly from studies of local economic development and politics.
Gary Herrigel
- Published in print:
- 2010
- Published Online:
- September 2010
- ISBN:
- 9780199557738
- eISBN:
- 9780191720871
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199557738.003.0098
- Subject:
- Business and Management, Political Economy
The chapter introduces the core arguments of part one. It outlines how the argument for creative action and recomposition in the postwar history of the steel industry in the US, Germany and Japan ...
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The chapter introduces the core arguments of part one. It outlines how the argument for creative action and recomposition in the postwar history of the steel industry in the US, Germany and Japan undermines the view, developed by the Varieties of Capitalism school of institutionalism, that countries have comparative institutional advantages in international industrial competitionLess
The chapter introduces the core arguments of part one. It outlines how the argument for creative action and recomposition in the postwar history of the steel industry in the US, Germany and Japan undermines the view, developed by the Varieties of Capitalism school of institutionalism, that countries have comparative institutional advantages in international industrial competition
Shawn Donnelly
- Published in print:
- 2010
- Published Online:
- September 2010
- ISBN:
- 9780199579402
- eISBN:
- 9780191723087
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199579402.001.0001
- Subject:
- Political Science, European Union, International Relations and Politics
The regulation of financial markets and companies in Europe has undergone significant changes over the last decade. The Commission, Member States, and Parliament constructed regimes that facilitate ...
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The regulation of financial markets and companies in Europe has undergone significant changes over the last decade. The Commission, Member States, and Parliament constructed regimes that facilitate new legislation, sanction delegation to the Commission for financial market law, and structure the cross‐border regulation of companies within the single market. The substance of this book is about that regime development. In creating the regimes discussed in this book, European Union (EU) leaders contributed to the ongoing constitutionalization of Europe by contesting and constructing norms. Each of the regimes required an explicit definition of the vertical relationship between the EU and the member states, and of the horizontal relationship among the member states. It defined the kind of regulatory state that would be required, the mix of European and national bodies involved, and the procedures they were to follow in carrying out their functions. It also defined what kinds of national variation in related economic and social policy would be regarded as legitimate. As they made these agreements, European leaders simultaneously articulated what it meant to be a member state in the single market, and what it meant to delegate responsibilities to the EU. This constitutionalized these ideals by sorting out the issues of EU and national responsibilities in a powerfully authoritative way. The theory of this book is about demonstrating the normative foundations of these constitutional agreements and showing how they had to be built on the shoulders of national ones.Less
The regulation of financial markets and companies in Europe has undergone significant changes over the last decade. The Commission, Member States, and Parliament constructed regimes that facilitate new legislation, sanction delegation to the Commission for financial market law, and structure the cross‐border regulation of companies within the single market. The substance of this book is about that regime development. In creating the regimes discussed in this book, European Union (EU) leaders contributed to the ongoing constitutionalization of Europe by contesting and constructing norms. Each of the regimes required an explicit definition of the vertical relationship between the EU and the member states, and of the horizontal relationship among the member states. It defined the kind of regulatory state that would be required, the mix of European and national bodies involved, and the procedures they were to follow in carrying out their functions. It also defined what kinds of national variation in related economic and social policy would be regarded as legitimate. As they made these agreements, European leaders simultaneously articulated what it meant to be a member state in the single market, and what it meant to delegate responsibilities to the EU. This constitutionalized these ideals by sorting out the issues of EU and national responsibilities in a powerfully authoritative way. The theory of this book is about demonstrating the normative foundations of these constitutional agreements and showing how they had to be built on the shoulders of national ones.
Daniel Engster
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199214358
- eISBN:
- 9780191706684
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199214358.003.0004
- Subject:
- Political Science, Political Theory
Political and economic theorists have generally ignored caring practices in outlining accounts of economic justice. Building upon the work of recent feminist theorists, this chapter develops a theory ...
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Political and economic theorists have generally ignored caring practices in outlining accounts of economic justice. Building upon the work of recent feminist theorists, this chapter develops a theory of economic justice organized around caring practices. The first section outlines the basic concepts and normative orientation of a caring economic theory. The second section discusses Virginia Held's and Nancy Folbre's important accounts of care and economic justice. While Held and Folbre identify some of the central tenets of a caring economic theory, they focus primarily on supporting and regulating direct care services within the economy. The book's own approach is broader and more far‐reaching, asking how we can best organize our general economic institutions and policies to provide all individuals with a real opportunity to give and receive adequate care. The third section takes up this subject by exploring the economic system (communism, market socialism, market capitalism, etc.) most conducive to caring values. In the fourth section, it formulates six general principles for establishing and maintaining a caring economic order, and describes in some detail the economic policies following from them. The final section briefly explores the viability of a caring economic order in the context of globalization.Less
Political and economic theorists have generally ignored caring practices in outlining accounts of economic justice. Building upon the work of recent feminist theorists, this chapter develops a theory of economic justice organized around caring practices. The first section outlines the basic concepts and normative orientation of a caring economic theory. The second section discusses Virginia Held's and Nancy Folbre's important accounts of care and economic justice. While Held and Folbre identify some of the central tenets of a caring economic theory, they focus primarily on supporting and regulating direct care services within the economy. The book's own approach is broader and more far‐reaching, asking how we can best organize our general economic institutions and policies to provide all individuals with a real opportunity to give and receive adequate care. The third section takes up this subject by exploring the economic system (communism, market socialism, market capitalism, etc.) most conducive to caring values. In the fourth section, it formulates six general principles for establishing and maintaining a caring economic order, and describes in some detail the economic policies following from them. The final section briefly explores the viability of a caring economic order in the context of globalization.
Peter Flaschel and Alfred Greiner
- Published in print:
- 2012
- Published Online:
- May 2012
- ISBN:
- 9780199751587
- eISBN:
- 9780199932825
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199751587.001.0001
- Subject:
- Economics and Finance, Economic Systems
This book on Flexicurity Capitalism provides four rigorously formulated approaches to an analysis of the current and future evolution of capitalism from a Marx-Keynes and Kalecki- Schumpeter (MKS) ...
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This book on Flexicurity Capitalism provides four rigorously formulated approaches to an analysis of the current and future evolution of capitalism from a Marx-Keynes and Kalecki- Schumpeter (MKS) perspective. It does so in self-contained ways, focusing on macrodynamical models of the working of modern capitalist societies in the tradition of Classical and Keynesian authors, augmented by a modern reformulation of Schumpeterian ’Competitive Socialism’, the flexi(bility-se)curity approach currently intensively debated in the EU area. On this basis the book provides a novel approach to the study of the future of capitalism, a topic that has never been more important than now -- since the prosperity phase after World War II. It supplies an alternative to those discussions of current forms of capitalism which focus on the status quo of such economies, instead of providing an ideal scenario first, on the basis of which compromises between the status quo and the 'ideal' can be discussed. The employed modelling approaches, of an advanced type, are aimed at the post-graduate level of economic teaching. The chapters of the book can be utilised independently of each other but, nevertheless, provide a unique approach to macrodynamic theorizing that is firmly rooted in the MKS tradition of the understanding of the growth dynamics of capitalist economies.Less
This book on Flexicurity Capitalism provides four rigorously formulated approaches to an analysis of the current and future evolution of capitalism from a Marx-Keynes and Kalecki- Schumpeter (MKS) perspective. It does so in self-contained ways, focusing on macrodynamical models of the working of modern capitalist societies in the tradition of Classical and Keynesian authors, augmented by a modern reformulation of Schumpeterian ’Competitive Socialism’, the flexi(bility-se)curity approach currently intensively debated in the EU area. On this basis the book provides a novel approach to the study of the future of capitalism, a topic that has never been more important than now -- since the prosperity phase after World War II. It supplies an alternative to those discussions of current forms of capitalism which focus on the status quo of such economies, instead of providing an ideal scenario first, on the basis of which compromises between the status quo and the 'ideal' can be discussed. The employed modelling approaches, of an advanced type, are aimed at the post-graduate level of economic teaching. The chapters of the book can be utilised independently of each other but, nevertheless, provide a unique approach to macrodynamic theorizing that is firmly rooted in the MKS tradition of the understanding of the growth dynamics of capitalist economies.
Desmond King and Marc Stears
- Published in print:
- 2009
- Published Online:
- July 2012
- ISBN:
- 9780195392135
- eISBN:
- 9780199852543
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195392135.003.0005
- Subject:
- Political Science, American Politics
This chapter examines in detail which fundamental features of postwar American political theory facilitated a disregard of the central agency of political life: the state. The chapter presents two ...
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This chapter examines in detail which fundamental features of postwar American political theory facilitated a disregard of the central agency of political life: the state. The chapter presents two initial viable causes for such actions. The first gives emphasis to capitalism and its role in American political explanation while the second highlights the anti-authoritarian tendencies of Cold War political thinking in the United States. However, the chapter argues that these two are insufficient to explain such exclusion. Obsession with the exclusive, oppressive, and tyrannical character of popular opinion and conventional wisdom in the United States is also taken into consideration when discussing why a generation of political theorists removed the state and situated “liberal tradition” in its place.Less
This chapter examines in detail which fundamental features of postwar American political theory facilitated a disregard of the central agency of political life: the state. The chapter presents two initial viable causes for such actions. The first gives emphasis to capitalism and its role in American political explanation while the second highlights the anti-authoritarian tendencies of Cold War political thinking in the United States. However, the chapter argues that these two are insufficient to explain such exclusion. Obsession with the exclusive, oppressive, and tyrannical character of popular opinion and conventional wisdom in the United States is also taken into consideration when discussing why a generation of political theorists removed the state and situated “liberal tradition” in its place.
Annette Miae Kim
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780195369397
- eISBN:
- 9780199871032
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195369397.001.0001
- Subject:
- Economics and Finance, Financial Economics
Why have some countries been able to escape the usual dead end of international development efforts and build explosively growing capitalist economies? Based on years of fieldwork, this book provides ...
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Why have some countries been able to escape the usual dead end of international development efforts and build explosively growing capitalist economies? Based on years of fieldwork, this book provides an account of the first generation of entrepreneurs in Vietnam in comparison to those in other transition countries. Focusing on the emergence of private land development firms in Ho Chi Minh City, this book shows how within seven years the private sector produced the majority of all new houses in the real estate market. This book demonstrates that capitalist entrepreneurialism was not the result of state initiative, properly incentivized policies, or individual personality traits. Rather, a society-wide reconstruction of cognitive paradigms enabled entrepreneurs to emerge and transform Vietnam from a poor, centrally planned economy into one of the fastest growing, market economies in the world.Less
Why have some countries been able to escape the usual dead end of international development efforts and build explosively growing capitalist economies? Based on years of fieldwork, this book provides an account of the first generation of entrepreneurs in Vietnam in comparison to those in other transition countries. Focusing on the emergence of private land development firms in Ho Chi Minh City, this book shows how within seven years the private sector produced the majority of all new houses in the real estate market. This book demonstrates that capitalist entrepreneurialism was not the result of state initiative, properly incentivized policies, or individual personality traits. Rather, a society-wide reconstruction of cognitive paradigms enabled entrepreneurs to emerge and transform Vietnam from a poor, centrally planned economy into one of the fastest growing, market economies in the world.
Donald Markwell
- Published in print:
- 2006
- Published Online:
- January 2007
- ISBN:
- 9780198292364
- eISBN:
- 9780191715525
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198292364.003.0005
- Subject:
- Political Science, International Relations and Politics
Keynes’s approach to inter-war economic and political problems was as a liberal thinker seeking a middle way between laissez-faire and Marxian socialism, as an economist increasingly dissatisfied ...
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Keynes’s approach to inter-war economic and political problems was as a liberal thinker seeking a middle way between laissez-faire and Marxian socialism, as an economist increasingly dissatisfied with existing theory in the face of massive and enduring unemployment, and as an idealist exponent of a rule of law in international politics. This chapter surveys Keynes’s inter-war writings, especially from 1922, on international monetary issues and investment abroad; international trade; population pressure; economic threats to domestic order; ‘the middle way’; the mature liberal institutionalism of The General Theory; and international political issues, reflecting his idealism. It traces Keynes’s thinking especially through such works asA Tract on Monetary Reform(1923), his 1920s pamphlets on liberalism and other issues,A Treatise on Money(1930), early 1930s writings on the Depression and protection including his 1933 article on national self-sufficiency, andThe General Theory(1936).Less
Keynes’s approach to inter-war economic and political problems was as a liberal thinker seeking a middle way between laissez-faire and Marxian socialism, as an economist increasingly dissatisfied with existing theory in the face of massive and enduring unemployment, and as an idealist exponent of a rule of law in international politics. This chapter surveys Keynes’s inter-war writings, especially from 1922, on international monetary issues and investment abroad; international trade; population pressure; economic threats to domestic order; ‘the middle way’; the mature liberal institutionalism of The General Theory; and international political issues, reflecting his idealism. It traces Keynes’s thinking especially through such works asA Tract on Monetary Reform(1923), his 1920s pamphlets on liberalism and other issues,A Treatise on Money(1930), early 1930s writings on the Depression and protection including his 1933 article on national self-sufficiency, andThe General Theory(1936).
Robert Heilbroner
- Published in print:
- 1996
- Published Online:
- October 2011
- ISBN:
- 9780195102864
- eISBN:
- 9780199854974
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195102864.001.0001
- Subject:
- Economics and Finance, Behavioural Economics
“This is an exceedingly long short book, stretching at least fifty thousand years into the past and who knows how many into the future…” So begins this book, the basic premise of which is stunning in ...
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“This is an exceedingly long short book, stretching at least fifty thousand years into the past and who knows how many into the future…” So begins this book, the basic premise of which is stunning in its elegant simplicity. The book contends that throughout all of human history there have really only been three distinct ways of looking at the future. In the Distant Past (Prehistory to the 17th century) there was no notion of a future measurably and materially different from the present or the past. In the period the book calls Yesterday (1700–1950), science, capitalism, and democracy gave humanity an unwavering faith in the superiority of the future. While Today, we feel a palpable anxiety that is quite apart from both the resignation of the Distant Past or the bright optimism of Yesterday.Less
“This is an exceedingly long short book, stretching at least fifty thousand years into the past and who knows how many into the future…” So begins this book, the basic premise of which is stunning in its elegant simplicity. The book contends that throughout all of human history there have really only been three distinct ways of looking at the future. In the Distant Past (Prehistory to the 17th century) there was no notion of a future measurably and materially different from the present or the past. In the period the book calls Yesterday (1700–1950), science, capitalism, and democracy gave humanity an unwavering faith in the superiority of the future. While Today, we feel a palpable anxiety that is quite apart from both the resignation of the Distant Past or the bright optimism of Yesterday.
Vivien A. Schmidt
- Published in print:
- 2002
- Published Online:
- November 2003
- ISBN:
- 9780199253685
- eISBN:
- 9780191600210
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199253684.003.0004
- Subject:
- Political Science, Comparative Politics
This chapter adds to the ‘varieties of capitalism’ literature by demonstrating that economic practices of countries are not converging on a one‐size‐fits‐all neo‐liberal model of capitalism, despite ...
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This chapter adds to the ‘varieties of capitalism’ literature by demonstrating that economic practices of countries are not converging on a one‐size‐fits‐all neo‐liberal model of capitalism, despite the fact that all have become more market‐oriented. Instead, they continue to be differentiable into not just two varieties of capitalism, conforming to liberal or coordinated market economies, but three, along lines of development from the original three postwar models of capitalism. The chapter contrasts the three varieties of capitalism in terms of interfirm relations, business‐government relations, and management‐labour relations; outlines the differential national pathways of adjustment of the countries conforming to the three varieties; highlights their continuing differences using indicators related to the financial markets and production systems; and considers their comparative advantages and disadvantages. It concludes that while British market capitalism has gone farther in its traditional market‐oriented direction, German managed capitalism is under strain, while French state capitalism has been transformed but has become neither market nor managed capitalist.Less
This chapter adds to the ‘varieties of capitalism’ literature by demonstrating that economic practices of countries are not converging on a one‐size‐fits‐all neo‐liberal model of capitalism, despite the fact that all have become more market‐oriented. Instead, they continue to be differentiable into not just two varieties of capitalism, conforming to liberal or coordinated market economies, but three, along lines of development from the original three postwar models of capitalism. The chapter contrasts the three varieties of capitalism in terms of interfirm relations, business‐government relations, and management‐labour relations; outlines the differential national pathways of adjustment of the countries conforming to the three varieties; highlights their continuing differences using indicators related to the financial markets and production systems; and considers their comparative advantages and disadvantages. It concludes that while British market capitalism has gone farther in its traditional market‐oriented direction, German managed capitalism is under strain, while French state capitalism has been transformed but has become neither market nor managed capitalist.
DONALD A. MARCHAND, WILLIAM J. KETTINGER, and JOHN D. ROLLINS
- Published in print:
- 2002
- Published Online:
- January 2010
- ISBN:
- 9780199252213
- eISBN:
- 9780191714276
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199252213.003.0010
- Subject:
- Business and Management, Information Technology
This chapter provides an overview of the key management conclusions that can be derived from this book. It presents the key directions which will be pursued further regarding management practices and ...
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This chapter provides an overview of the key management conclusions that can be derived from this book. It presents the key directions which will be pursued further regarding management practices and strategies to measure and manage IO to improve business performance in the future.Less
This chapter provides an overview of the key management conclusions that can be derived from this book. It presents the key directions which will be pursued further regarding management practices and strategies to measure and manage IO to improve business performance in the future.
John F. Wilson and Andrew Thomson
- Published in print:
- 2006
- Published Online:
- September 2007
- ISBN:
- 9780199261581
- eISBN:
- 9780191718588
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199261581.003.0004
- Subject:
- Business and Management, Business History
This chapter analyses the comparative systems of comparator countries up to 1950, focusing on how and why — much earlier than in Britain — variants of managerial capitalism developed a substantial ...
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This chapter analyses the comparative systems of comparator countries up to 1950, focusing on how and why — much earlier than in Britain — variants of managerial capitalism developed a substantial presence in the American, German, and Japanese economies, despite the subtle differences in the form of these developments. In the USA, a fully-fledged form of competitive managerial capitalism had evolved by the start of the 20th century. In Germany, one might more accurately use the term ‘professional proprietorial capitalism’, while for Japan the term ‘collective managerial capitalism’ was chosen. The three main sections of the chapter are structured around the groups of drivers, illustrating that the drivers were much more propitious for the development of modern management than in Britain. The concluding section addresses the book’s four themes in a comparative sense, producing a rich background for the British story.Less
This chapter analyses the comparative systems of comparator countries up to 1950, focusing on how and why — much earlier than in Britain — variants of managerial capitalism developed a substantial presence in the American, German, and Japanese economies, despite the subtle differences in the form of these developments. In the USA, a fully-fledged form of competitive managerial capitalism had evolved by the start of the 20th century. In Germany, one might more accurately use the term ‘professional proprietorial capitalism’, while for Japan the term ‘collective managerial capitalism’ was chosen. The three main sections of the chapter are structured around the groups of drivers, illustrating that the drivers were much more propitious for the development of modern management than in Britain. The concluding section addresses the book’s four themes in a comparative sense, producing a rich background for the British story.
Włodzimierz Brus and Kazimierz Laski
- Published in print:
- 1991
- Published Online:
- November 2003
- ISBN:
- 9780198283997
- eISBN:
- 9780191596032
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198283997.003.0011
- Subject:
- Economics and Finance, Economic Systems
A cruel East European wisecrack defines socialism as ‘the painful road to capitalism’. It may be too much to see in MS simply a stage on this road (or slide, as some would say), but the analysis in ...
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A cruel East European wisecrack defines socialism as ‘the painful road to capitalism’. It may be too much to see in MS simply a stage on this road (or slide, as some would say), but the analysis in this book left little doubt that the disticntions between capitalist and socialist economic systems, as hitherto perceived, become under MS thoroughly blurred. The recourse to MS means that the very idea of a grand design of a supremely rational economy has been acknoledged as utterly fallacious despite the fact that a number of socialist values have to be incorporated into any economic system pursuing objectives worthy of human society.Less
A cruel East European wisecrack defines socialism as ‘the painful road to capitalism’. It may be too much to see in MS simply a stage on this road (or slide, as some would say), but the analysis in this book left little doubt that the disticntions between capitalist and socialist economic systems, as hitherto perceived, become under MS thoroughly blurred. The recourse to MS means that the very idea of a grand design of a supremely rational economy has been acknoledged as utterly fallacious despite the fact that a number of socialist values have to be incorporated into any economic system pursuing objectives worthy of human society.
Vivien A. Schmidt
- Published in print:
- 2002
- Published Online:
- November 2003
- ISBN:
- 9780199253685
- eISBN:
- 9780191600210
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199253684.003.0005
- Subject:
- Political Science, Comparative Politics
This chapter details the different dynamics of economic adjustment in Britain, Germany, and France from the postwar period until today. For Britain, it describes the problems of business in the ...
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This chapter details the different dynamics of economic adjustment in Britain, Germany, and France from the postwar period until today. For Britain, it describes the problems of business in the postwar period and the impact of the radical therapy of the Thatcher years that brought the country closer to the market capitalist ideal by making business relations more distant, government relations more arm's length, and labour relations more market‐reliant. For Germany, it outlines the minimal change from the postwar period until the 1990s, followed by efforts to make the managed capitalist system more competitive, which have left the system under strain, as interfirm relations have loosened, labour‐management relations have become less cooperative, and government has sought to facilitate adjustment, often unsuccessfully. For France, finally, the chapter examines the major transformation in state capitalism since the mid‐1980s with the move away from state‐led capitalism to a more state‐enhanced variety, where business is more autonomous and labour more market‐reliant, but the state still has a role to play.Less
This chapter details the different dynamics of economic adjustment in Britain, Germany, and France from the postwar period until today. For Britain, it describes the problems of business in the postwar period and the impact of the radical therapy of the Thatcher years that brought the country closer to the market capitalist ideal by making business relations more distant, government relations more arm's length, and labour relations more market‐reliant. For Germany, it outlines the minimal change from the postwar period until the 1990s, followed by efforts to make the managed capitalist system more competitive, which have left the system under strain, as interfirm relations have loosened, labour‐management relations have become less cooperative, and government has sought to facilitate adjustment, often unsuccessfully. For France, finally, the chapter examines the major transformation in state capitalism since the mid‐1980s with the move away from state‐led capitalism to a more state‐enhanced variety, where business is more autonomous and labour more market‐reliant, but the state still has a role to play.
John F. Wilson and Andrew Thomson
- Published in print:
- 2006
- Published Online:
- September 2007
- ISBN:
- 9780199261581
- eISBN:
- 9780191718588
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199261581.001.0001
- Subject:
- Business and Management, Business History
There is a dearth of literature on management history as a key factor in modern economic society. This book aims to rectify that. It covers the period since the Second Industrial Revolution that ...
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There is a dearth of literature on management history as a key factor in modern economic society. This book aims to rectify that. It covers the period since the Second Industrial Revolution that started around 1870, when new organizational structures and managerial systems and skills became necessary. It focuses on manufacturing and larger-scale business, since these are the areas which have caused the greatest controversy about the weaknesses displayed by British industry in comparison to other countries such as the USA, Germany, and later Japan in the move to managerial capitalism. The book uses two main sets of explanatory factors. First, it uses a wide range of twenty-six ‘drivers’ or influences on the development of management, which are brought together in three categories (technological-cum-market; institutional/cultural; and business policy and practice). Second, it takes up four main themes that explain why Britain may have fallen behind: the persistence of personal and proprietorial capitalism; organizational structure and transaction costs; social attitudes towards industry; and the slow transition towards professionalism. The twelve chapters in the book are divided into five sections in which management is analysed according to different perspectives: a scene-setting and theoretical introduction; a focus on organizational development; a contextual focus concentrating on managers as a group; a focus on key managerial functions; and a concluding chapter which reflects on the recent changes in the themes.Less
There is a dearth of literature on management history as a key factor in modern economic society. This book aims to rectify that. It covers the period since the Second Industrial Revolution that started around 1870, when new organizational structures and managerial systems and skills became necessary. It focuses on manufacturing and larger-scale business, since these are the areas which have caused the greatest controversy about the weaknesses displayed by British industry in comparison to other countries such as the USA, Germany, and later Japan in the move to managerial capitalism. The book uses two main sets of explanatory factors. First, it uses a wide range of twenty-six ‘drivers’ or influences on the development of management, which are brought together in three categories (technological-cum-market; institutional/cultural; and business policy and practice). Second, it takes up four main themes that explain why Britain may have fallen behind: the persistence of personal and proprietorial capitalism; organizational structure and transaction costs; social attitudes towards industry; and the slow transition towards professionalism. The twelve chapters in the book are divided into five sections in which management is analysed according to different perspectives: a scene-setting and theoretical introduction; a focus on organizational development; a contextual focus concentrating on managers as a group; a focus on key managerial functions; and a concluding chapter which reflects on the recent changes in the themes.
Deborah Posel
- Published in print:
- 1991
- Published Online:
- October 2011
- ISBN:
- 9780198273349
- eISBN:
- 9780191684036
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198273349.001.0001
- Subject:
- Political Science, Comparative Politics
This book examines some of the crucial political processes and struggles which shaped the reciprocal development of Apartheid and capitalism in South Africa. The book's analysis debunks the orthodoxy ...
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This book examines some of the crucial political processes and struggles which shaped the reciprocal development of Apartheid and capitalism in South Africa. The book's analysis debunks the orthodoxy view, which presents apartheid as the product of a single ‘grand plan’, created by the State in response to the pressures of capital accumulation. Using as a case study influx control during the first phase of apartheid (1948–61), the book shows that apartheid arose from complex patterns of conflict and compromise within the State, in which white capitalists, the black working class, and popular movements exercised varying and uneven degrees of influence. This book integrates a detailed empirical analysis of the capitalist State and its relationship to class interests.Less
This book examines some of the crucial political processes and struggles which shaped the reciprocal development of Apartheid and capitalism in South Africa. The book's analysis debunks the orthodoxy view, which presents apartheid as the product of a single ‘grand plan’, created by the State in response to the pressures of capital accumulation. Using as a case study influx control during the first phase of apartheid (1948–61), the book shows that apartheid arose from complex patterns of conflict and compromise within the State, in which white capitalists, the black working class, and popular movements exercised varying and uneven degrees of influence. This book integrates a detailed empirical analysis of the capitalist State and its relationship to class interests.
