Sidney A. Shapiro and Joseph P. Tomain
- Published in print:
- 2014
- Published Online:
- April 2014
- ISBN:
- 9780199965540
- eISBN:
- 9780199360833
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199965540.003.0004
- Subject:
- Law, Constitutional and Administrative Law
Chapter 4 begins Part II of the book by arguing that neoliberalism is too narrow a view of the economy. Further, neoliberal economics has damaged, rather than fostered, strong competitive markets. ...
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Chapter 4 begins Part II of the book by arguing that neoliberalism is too narrow a view of the economy. Further, neoliberal economics has damaged, rather than fostered, strong competitive markets. The fundamental theme of the chapter is that markets cannot exist without government support. Government sets and enforces the common law rules necessary to define, protect, and exchange property. Government regulation also exists to protect the fundamental structure of capitalism such as the financial and monetary institutions needed for liquidity and needed to combat macroeconomic forces such as inflation, recession, and the like. The chapter, through numerous examples, explains both the virtues and flaws of markets and explains the necessary role that government plays in protecting the capitalist markets that produce strong economies.Less
Chapter 4 begins Part II of the book by arguing that neoliberalism is too narrow a view of the economy. Further, neoliberal economics has damaged, rather than fostered, strong competitive markets. The fundamental theme of the chapter is that markets cannot exist without government support. Government sets and enforces the common law rules necessary to define, protect, and exchange property. Government regulation also exists to protect the fundamental structure of capitalism such as the financial and monetary institutions needed for liquidity and needed to combat macroeconomic forces such as inflation, recession, and the like. The chapter, through numerous examples, explains both the virtues and flaws of markets and explains the necessary role that government plays in protecting the capitalist markets that produce strong economies.
Paul W. Rhode, Joshua L. Rosenbloom, and David F. Weiman (eds)
- Published in print:
- 2011
- Published Online:
- June 2013
- ISBN:
- 9780804771856
- eISBN:
- 9780804777629
- Item type:
- book
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9780804771856.001.0001
- Subject:
- Economics and Finance, Economic History
This book challenges the static, ahistorical models on which economics continues to rely. These models presume that markets operate on a “frictionless” plane where abstract forces play out ...
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This book challenges the static, ahistorical models on which economics continues to rely. These models presume that markets operate on a “frictionless” plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes, and are shaped by institutional and spatial contexts, which are “carriers of history,” including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts, the text takes on a wide array of historically salient economic questions—ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth-century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.Less
This book challenges the static, ahistorical models on which economics continues to rely. These models presume that markets operate on a “frictionless” plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes, and are shaped by institutional and spatial contexts, which are “carriers of history,” including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts, the text takes on a wide array of historically salient economic questions—ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth-century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.
Mick Carpenter and Belinda Freda
- Published in print:
- 2007
- Published Online:
- March 2012
- ISBN:
- 9781861348739
- eISBN:
- 9781447301547
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781861348739.003.0007
- Subject:
- Sociology, Social Stratification, Inequality, and Mobility
This chapter looks at the efforts of a group of young people who are making progress in a ‘tough’ labour market. It reviews the experience of young people in the labour market, and draws on research ...
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This chapter looks at the efforts of a group of young people who are making progress in a ‘tough’ labour market. It reviews the experience of young people in the labour market, and draws on research from the SEQUAL project into a small group of Connexions clients. The discussion explores their priorities and understandings, and then connects these to the wider evidence of labour market processes that impact on young people. It also challenges government policy discourses that view youth as a uniquely ‘transitional’ social status.Less
This chapter looks at the efforts of a group of young people who are making progress in a ‘tough’ labour market. It reviews the experience of young people in the labour market, and draws on research from the SEQUAL project into a small group of Connexions clients. The discussion explores their priorities and understandings, and then connects these to the wider evidence of labour market processes that impact on young people. It also challenges government policy discourses that view youth as a uniquely ‘transitional’ social status.
Anna Vaninskaya
- Published in print:
- 2010
- Published Online:
- March 2012
- ISBN:
- 9780748641499
- eISBN:
- 9780748651672
- Item type:
- chapter
- Publisher:
- Edinburgh University Press
- DOI:
- 10.3366/edinburgh/9780748641499.003.0003
- Subject:
- Literature, 19th-century and Victorian Literature
This chapter studies the puzzling habits of William Morris. It shows that Morris willingly participated in market processes, and was also one of the most vocal supporters of the romance-as-community ...
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This chapter studies the puzzling habits of William Morris. It shows that Morris willingly participated in market processes, and was also one of the most vocal supporters of the romance-as-community idea. It takes a look at the elements in his prose, his choice of plots, and his production of literary work, which were usual of the commercially successful New Romance. It reveals Morris' view of romance as the literature of the people, as well as his focus on the community and his distribution of his books based on the rules of the capitalist marketplace.Less
This chapter studies the puzzling habits of William Morris. It shows that Morris willingly participated in market processes, and was also one of the most vocal supporters of the romance-as-community idea. It takes a look at the elements in his prose, his choice of plots, and his production of literary work, which were usual of the commercially successful New Romance. It reveals Morris' view of romance as the literature of the people, as well as his focus on the community and his distribution of his books based on the rules of the capitalist marketplace.
