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Subject: Political Science and International Relations

Stock-Flow-Consistent Models and Institutional Variety

Romar Correa, St Andrew’s College, India and Amelia Correa, St Andrew’s College, India

June 2017 / ISBN: 978-1-62273-181-7
Availability: In stock
126pp. ¦ $55 £45 €52

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.

The American Untouchables: America & the Racial Contract

A historical perspective on race-based politics

Andre Smith, Harris Stowe State University

May 2017 / ISBN: 978-1-62273-147-3
Availability: In stock
196pp. ¦ $60 £52 €58

The issue of race is often a scab Americans choose to ignore. However social science has a responsibility and an obligation to examine not simply the amenable subjects but also the controversial. This work, in a word, is controversial. Thomas Franks (2004) argued that cultural differences led white Kansans to abandon the Democratic Party for the Republican Party during the 1980s. He specifically argued that abortion was the unifying issue in this ideological migration. Simultaneously, future President Ronald Reagan opened his campaign for the presidency in Philadelphia, Mississippi, the sight of the massacre of four young civil rights activists over a decade earlier. Race has and is a factor in the American experience; Franks’ premise is simply that the absence of the concentration of African Americans in the Kansas area negated the influence of the “black threat hypothesis” on the observed ideological switch of white Kansans. This work argues that Franks’ premise fails to incorporate the over arching ideological switch of white voter migration to the Republican party that was occurring during the same period, and that Reagan’s speech in Philadelphia, Mississippi was an overt cue that he was rejecting the civil rights consensus for an historically established “race-based social contract” that positioned people of color outside the traditional bounds of the social contract. The study is a sociopolitical analysis of the African American experience utilizing the “racial contract” framework developed by Charles Mills. The “racial contract” holds that the social contract explicitly dictates interactions and transaction costs between citizens and government. Mills supposition is that historically non-Western Europeans were excluded from the penalties for violations of the social contract, and a tacit race based contract dictated transaction costs and interactions between Europeans and non-Europeans. The work utilizes the framework to trace the sociopolitical environment from the first appearance of Africans in America to the present. It has the supposition that the initial sociopolitical status of Africans in America was as a result of the reformation of the Western feudal agrarian culture, with African captives attached to the land as the neo-serfs; but that the reformation of feudalism was only possible within the context that Africans were implicitly viewed as outside the bounds of the codified social contract. It traces American sociopolitical conflict over the expansion of the “racial contract,” which was the basis of the American Civil War; and the establishment of an implicit sociopolitical order within the bounds of the racial contract at the end of the Civil War, with codified sanctions for violations of commensality and endogamy.

Mustard Seeds in the Public Square

Between and Beyond Theology, Philosophy, and Society

Edited by Sotiris Mitralexis, City University of Istanbul, Turkey; University of Winchester, UK

March 2017 / ISBN: 978-1-62273-169-5
Availability: In stock
265pp. ¦ $55 £40 €50

This volume seeks to explore the intersection of theology, philosophy and the public sphere not by referring the social and political to ethics and deontology as is often the case, but rather to ontology itself, to the very nature of beings. The meaning of history and historicity is most pertinent to this enquiry and is approached here both from the perspective of social reality and from the perspective of ontology. Joining together contributions focusing on theory of the public sphere and metaphysics, chapters explore subjects as diverse as the political implications of the Incarnation, the paradox between ontology and history, politically left and right appropriations of Christianity, the fecundity of Maximus the Confessor’s insights for a contemporary political philosophy, modern Orthodox political theology focusing on Christos Yannaras and numerous thematic areas that together form the mosaic of the enquiry in question.

Memes of Misinformation: Federal Spending

Unraveling the controversial, socio-economic and political issues behind those annoying social media memes

Julio C. Castañeda Jr.

March 2017 / ISBN: 978-1-62273-251-7
Availability: In stock
184pp. ¦ $40 £32 €38

In this first installment of the Misinformation series, the author tackles complex socio-economic and political topics related to the economy of the United States, such as the federal budget, wasteful spending, the national debt, unemployment and social security. By breaking down each subject into layman’s terms, the author clearly and concisely presents, in an unbiased manner, the facts behind the fake news, half-truths and general misinformation from the annoying headlines and memes cluttering social media on these volatile subjects.

The Bottom Line: Unfortunate Side Effects of Capitalist Culture

Arthur McGovern, Nichols College

January 2017 / ISBN: 978-1-62273-159-6
Availability: In stock
212pp. ¦ $50 £38 €45

This monograph explores the role of culture in modern societies and the side effects that result when that role is distorted. The basic premise of this book is that many of the dominant cultural characteristics of modern life, like the ideologies and values associated with materialism and consumer capitalism, are cultural phenomena with influences that are in many ways problematic and in some ways downright detrimental to our sustained societal well-being. I argue in this book that the globalized capitalist economic system has become increasingly efficient in terms of scale and scope, but has also become less humane in many regards; less connected to human needs and concerns. Of particular concern is the encroachment of economic interests into areas of human society that traditionally have been free from profit motives, or at least only minimally influenced by them; areas such as scientific research, the justice system, and even family relationships. I suggest that there is a slow but steady intrusion into these areas of human life that were once considered off-limits to naked economic incentives and calculations. This intrusion puts the idea of America as a free and democratic society increasingly at risk when private economic stakeholders meddle in the political and cultural areas of society in ever more insidious ways to further their own enrichment at the expense of the public. Furthermore, the vast capitalist economic system is in many ways increasingly disconnected or disembedded from the contexts and regulations of traditional social relations as in the past.

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