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Subject: Political Science and International Relations

Global Economy in Transition: the European Union and Beyond

1st edition / ISBN: 978-1-62273-276-0
July 2017
Availability: In stock

This volume covers various issues in global development and global economic transformation including factors affecting economies and development in the European Union (EU), the Ukraine, select countries in Africa, the Caribbean, the South Pacific as well as India and the United States. The global economy is in transition, from the 1990s' status quo to the “new normal” with heavy reliance on the internet, rapid communications, sophisticated payment systems, diminishing importance of size and distance and changing notions of the market. This volume discusses how this process is affecting economies across the globe and why an appreciation of it will help efforts by governmental bodies and the private sector to reassess societal relationships - both economic and political. This volume shows that challenges to policy-making and the achievement of social consensus on development issues are often quite similar in all countries, irrespective of size, geographical location, endowment and developmental status. The chapters speak to concerns that touch on a cross-section of issues which are driving transition and transformation at multiple levels. As a group, they compare economic factors across transnational economic or political associations (OECD, European Union, G20) or make comparisons across or within emerging markets or small states (BRICS, various African countries, the Caribbean, South Pacific). They include the presentation of a new model for transnational agreements, discussions of policies related to labor compensation and corporate governance, comparisons of nations across the world using indices of economic development and governance, an analysis of gender inequality in employment in the European Union, comparisons of tax burdens across the European Union and the USA, discussions of employee representation in corporate governance, and a look at grass-roots development and markets in developing economies. As a whole, in its breadth and cross-national perspective, the volume represents an important scholarly contribution to international economics.

Neither Capital, Nor Class

A Critical Analysis Of Pierre Bourdieu's Theoretical Framework
1st edition / ISBN: 978-1-62273-207-4
June 2017
Availability: In stock

This book offers an in-depth examination of Pierre Bourdieu's theoretical framework. The book is not just a collection of more or less critical remarks but constitutes a coherent whole, underpinned by an original analytical framework. This conceptual apparatus makes it possible to present some alternative solutions to the theoretical problems under consideration. The book goes largely against the grain of views that are dominant in the literature on Bourdieu. Therefore, its conclusions may be surprising to many a reader. The book demonstrates that Bourdieu's well-known theory of 'capital' forms is untenable, resembling more an illegitimate metaphor rather than a scientific concept. In a similar vein, the Bourdesian class theory should be largely regarded as a variant of social stratification rather than class. There are many theoretical and empirical problems with Bourdieu's theory of social and cultural reproduction as well. There is more to the above criticisms than meets the eye. The point is that many weaknesses of Bourdieu's style of theorising seem to stem from his intellectual dependence upon structuralism, especially in Claude Lévi-Strauss' version. It is this affinity that accounts for such features of Bourdieu's approach as its essentialism, formalism and epistemic idealism. The book will be of interest primarily to students of Bourdieu's many and varied contributions to social theory. In view of Bourdieu's immense influence, it will also hold interest to critical scholars in political science, economic sociology and political philosophy.

Bertrand Russell’s Life and Legacy

1st edition / ISBN: 978-1-62273-191-6
June 2017
Availability: In stock

Almost five decades after his death, there is still ample reason to pay attention to the life and legacy of Bertrand Russell. This is true not only because of his role as one of the founders of analytic philosophy, but also because of his important place in twentieth-century history as an educator, public intellectual, critic of organized religion, humanist, and peace activist. The papers in this anthology explore Russell’s life and legacy from a wide variety of perspectives. This is altogether fitting, given the many-sided nature of Russell, his life, and his work. The first section of the book considers Russell the man, and draws lessons from Russell’s complicated personal life. The second examines Russell the philosopher, and the philosophical world within which his work was embedded. The third scrutinizes Russell the atheist and critic of organized religion, inquiring which parts of his critical stance are worth emulating today. The final section revisits Russell the political activist; it directs an eye both at Russell’s own long career of peace activism, but also at his place in a highly political family tradition of which he was justifiably proud. This book thus constitutes an invitation, if one were needed, to the world of Bertrand Russell. Those new to Russell, but with an interest in biography, philosophy, religion, or politics, will hopefully find something to learn here. This may spark an interest in learning more about Russell. But this book is not just intended for the Russell neophyte. The book sheds fresh light on a number of topics central to Russell studies—his connections to other philosophers, for example. Scholars well-versed in Russell studies will enjoy grappling with the treatment given to these topics here.

Stock-Flow-Consistent Models and Institutional Variety

1st edition / ISBN: 978-1-62273-181-7
May 2017
Availability: In stock

Orthodox macroeconomics is founded on microeconomics. Heterodox economists either reject micro foundations or experiment with behavioural relationships without paying attention to the principles that generate them. The book takes off from Michal Kalecki’s aphorism about economics being a science that confused stocks and flows. Kalecki was famous for presiding over a marriage between Marx and Keynes and all three figure prominently in the volume. However, the first part of the title is a homage to Wynne Godley who pioneered stock-flow-consistent modeling in our times. The authors exploit lagged values of variables emerging from the definitions. Lags also emerge in so-called stock-flow norms connecting the aggregates. Some moving and shaking of identities and a difference or differential equation emerges. The requirements for stability of the dynamic systems are illuminating and the reader can stop at structure and history with the first half of the book. The conversation with orthodoxy begins with the second part. The equivalent equation systems of the first part throw up different pairs of characters whose happiness must be maximised over time. The price to pay through the solution process is the confrontation with many ugly expressions but the explicit calculations are undertaken repeatedly only to reassure students through drillwork that tedium is not the same as difficulty. The payoffs are that variable transitions in capitalism (the second part of the title) are captured from a small clutch of identities. The movements from backward agriculture to capitalism, from ‘golden age’ capitalism to ‘financialization’, are modeled. A separate chapter is devoted to Europe. The policy prescriptions of heterodox economics do not compare with the richness of critique and positive analysis. ‘Positive’ and ‘normative’ are one in this work, the combination of stock-flow norms along with ‘forgotten’ policy variables like the tax rate promising order and stability to economies.

Global Responsible Intergenerational Leadership

A conceptual framework and implementation guidance for intergenerational fairness
1st edition / ISBN: 978-1-62273-178-7
May 2017
Availability: In stock

Today's grand policy dilemmas, from climate change, to over-indebtedness, to demographic shifts, have momentous long-term implications. Future generations will be constrained by our present decisions to an extent that is without precedent in advanced capitalist democracies. This book is an extensively researched and reasoned appeal in favor of intergenerational fairness - the ability to provide to future generations an at least as favorable standard of living as that enjoyed today. Intergenerational equity is an essential consideration in finding lasting solutions to the multifaceted crises of our time. As an implicit contract and transfer between living and future generations, intergenerational equity avoids discriminating against future generations. The book aims to theoretically define intergenerational equity and to frame it as a natural behavioral law, capturing human ethicality bounds. It follows a long and distinguished tradition of scholarly discourse in turning to natural law for solutions to major social predicaments. Outlining some of the causes of the current intergenerational imbalances regarding climate change and over-indebtedness it sets the basis for understanding their drivers and implications. A central proposition is that the natural human drive towards intergenerational fairness can be the basis for the necessary behavioral responses: the human-imbued moral compass of natural law can be a useful complement, if not alternative, to public policy. This book fills an important gap. Despite a resurgence of literature, the economic and social dimensions of intergenerational equity remain underexplored. Existing literature misses a holistic ethical framework of decision-making failures that addresses intergenerational concerns. Whilst evolutionary grounded, intergenerational fairness has not been recognized as a natural behavioral law – a human-imbued drive being bound by human fallibility. Practical implications and recommendations in advancing an agenda for the advancement of intergenerational equity are provided. Attention is drawn to the problem of providing the required leadership to promote the idea of intergenerational equity as a guiding principle in corporate, social and policy action. This book contributes both theoretical and practical insights and will be of interest to economists, sociologists, public policy makers and corporate executives tasked with tackling the most pressing contemporary challenges of mankind.

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