The Invisible Hand How Market Economies Have Emerged And Declined Since Ad 5 Book PDF, EPUB Download & Read Online Free

The Invisible Hand?
Author: Bas van Bavel
Publisher: Oxford University Press
ISBN: 019960813X
Pages: 320
Year: 2016-06-29
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The Invisible Hand offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them -- the market economies -- are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. The Invisible Hand?, for the first time, drawstogether the historical evidence to analyze how and why market economies after some time all decline again. It shows how market economies are fundamentally incompatible with long-run prosperity, equity, and broadparticipation in decision-making. This study thus connects with the current debates about the future of capitalism and the causes and effects of inequality by thinkers such as Stiglitz, Krugman, and Piketty. It will interest all those who want to take a fresh look at these critical issues.
The Invisible Hand?
Author: Bas van Bavel
Publisher: Oxford University Press
ISBN: 0191017671
Pages: 320
Year: 2016-06-23
View: 522
Read: 1322
The Invisible Hand offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them — the market economies — are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market economies create flexibility and high mobility in the exchange of land, labour, and capital, and initially they generate economic growth, although they also build on existing social structures, as well as existing exchange and allocation systems. The dynamism that results from the rise of factor markets leads to the rise of new market elites who accumulate land and capital, and use wage labour extensively to make their wealth profitable. In the long term, this creates social polarization and a decline of average welfare. As these new elites gradually translate their economic wealth into political leverage, it also creates institutional sclerosis, and finally makes these markets stagnate or decline again. This process is analysed across the three major, pre-industrial examples of successful market economies in western Eurasia: Iraq in the early Middle Ages, Italy in the high Middle Ages, and the Low Countries in the late Middle Ages and the early modern period, and then parallels drawn to England and the United States in the modern period. These areas successively saw a rapid rise of factor markets and the associated dynamism, followed by stagnation, which enables an in-depth investigation of the causes and results of this process.
The Invisible Hand?
Author: Bas van Bavel
ISBN: 0198820453
Pages: 352
Year: 2019-04-25
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Bas van Bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long-run prosperity, equity, and broad participation in decision-making. He also connects with current debates on the future of capitalism and the causes and effects of inequality.
An Inquiry Into the Nature and Causes of the Wealth of Nations
Author: Adam Smith
Pages: 589
Year: 1778
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Invisible Hands
Author: Corinne Goria
Publisher: McSweeney's
ISBN: 1940450357
Pages: 364
Year: 2014-05-06
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The men and women in Invisible Hands reveal the human rights abuses occurring behind the scenes of the global economy. These narrators — including phone manufacturers in China, copper miners in Zambia, garment workers in Bangladesh, and farmers around the world — reveal the secret history of the things we buy, including lives and communities devastated by low wages, environmental degradation, and political repression. Sweeping in scope and rich in detail, these stories capture the interconnectivity of all people struggling to support themselves and their families. Narrators include Kalpona, a leading Bangladeshi labor organizer who led her first strike at 15; Han, who, as a teenager, began assembling circuit boards for an international electronics company based in Seoul; Albert, a copper miner in Zambia who, during a wage protest, was shot by representatives of the Chinese-owned mining company that he worked for; and Sanjay, who grew up in the shadow of the Bhopal chemical disaster, one of the worst industrial accidents in history.
The Visible Hand
Author: Alfred D. Chandler Jr.
Publisher: Harvard University Press
ISBN: 0674940520
Pages: 608
Year: 1977
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Examines the processes of production and distribution in the U.S. and the ways in which their management has become increasingly systematized
The Great Transition
Author: Bruce Campbell
Publisher: Cambridge University Press
ISBN: 0521195888
Pages: 486
Year: 2016-06-23
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Major account of the fourteenth-century crisis which saw a series of famines, revolts and epidemics transform the medieval world.
The Information Nexus
Author: Steven Marks
Publisher: Cambridge University Press
ISBN: 1107108683
Pages: 225
Year: 2016-08-04
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A provocative new book calling into question everything we thought we knew about capitalism and what makes it unique.
Progress and the Invisible Hand
Author: Richard Bronk
Publisher: Time Warner Books UK
ISBN: 0751526606
Pages: 265
Year: 1999
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What is progress? In Richard Bronk's brilliant analytical study, he separates the material progress of a nation from the more problematic progress in human happiness and welfare. Questioning many of the basic assumptions behind our headlong pursuit of progress, Bronk's disquieting conclusion is that if we continue to destroy the necessary balance between social cooperation and individual pursuit of self-interest, that humanity will be left at the mercy of the market—condemned to be its slave rather than its master. Wide-ranging and thought-provoking, this book is of absorbing interest not only to economists and philosophers, but also to anyone who is worried about the direction in which society is moving.
Rulers, Religion, and Riches
Author: Jared Rubin
Publisher: Cambridge University Press
ISBN: 110703681X
Pages: 288
Year: 2017-02-07
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For centuries following the spread of Islam, the Middle East was far ahead of Europe. Yet, the modern economy was born in Europe. Why was it not born in the Middle East? In this book Jared Rubin examines the role that Islam played in this reversal of fortunes. It argues that the religion itself is not to blame; the importance of religious legitimacy in Middle Eastern politics was the primary culprit. Muslim religious authorities were given an important seat at the political bargaining table, which they used to block important advancements such as the printing press and lending at interest. In Europe, however, the Church played a weaker role in legitimizing rule, especially where Protestantism spread (indeed, the Reformation was successful due to the spread of printing, which was blocked in the Middle East). It was precisely in those Protestant nations, especially England and the Dutch Republic, where the modern economy was born.
The Great Persuasion
Author: Angus Burgin
Publisher: Harvard University Press
ISBN: 0674067436
Pages: 280
Year: 2012-10-30
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Just as economists struggle today to justify the free market after the global economic crisis, an earlier generation revisited their worldview after the Great Depression. In this intellectual history of that project, Burgin traces the evolution of postwar economic thought in order to reconsider the most basic assumptions of a market-centered world.
Manors and Markets
Author: Bas van Bavel
Publisher: Oxford University Press
ISBN: 0191086657
Pages: 512
Year: 2016-08-25
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The Low Countries — an area roughly embracing the present-day Netherlands and Belgium — formed a patchwork of varied economic and social development in the Middle Ages, with some regions displaying a remarkable dynamism. Manors and Markets charts the history of these vibrant economies and societies, and contrasts them with alternative paths of development, from the early medieval period to the beginning of the seventeenth century. Providing a concise overview of social and economic changes over more than a thousand years, Bas van Bavel assesses the impact of the social and institutional organization that saw the Low Countries become the most urbanized and densely populated part of Europe by the end of the Middle Ages. By delving into the early and high medieval history of society, van Bavel uncovers the foundations of the flourishing of the medieval Flemish towns and the forces that propelled Holland towards its Golden Age. Exploring the Low Countries at a regional level, van Bavel highlights the importance of localized structures for determining the nature of social transitions and economic growth. He assesses the role of manorial organization, the emergence of markets, the rise of towns, the quest for self-determination by ordinary people, and the sharp regional differences in development that can be observed in the very long run. In doing so, the book offers a significant contribution to the debate about the causes of economic and social change, both past and present.
Author: Quinn Slobodian
Publisher: Harvard University Press
ISBN: 0674919785
Pages: 400
Year: 2018-04-09
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Neoliberals hate the state. Or do they? In the first intellectual history of neoliberal globalism, Quinn Slobodian follows a group of thinkers from the ashes of the Habsburg Empire to the creation of the World Trade Organization to show that neoliberalism emerged less to shrink government and abolish regulations than to redeploy them at a global level. Slobodian begins in Austria in the 1920s. Empires were dissolving and nationalism, socialism, and democratic self-determination threatened the stability of the global capitalist system. In response, Austrian intellectuals called for a new way of organizing the world. But they and their successors in academia and government, from such famous economists as Friedrich Hayek and Ludwig von Mises to influential but lesser-known figures such as Wilhelm Röpke and Michael Heilperin, did not propose a regime of laissez-faire. Rather they used states and global institutions—the League of Nations, the European Court of Justice, the World Trade Organization, and international investment law—to insulate the markets against sovereign states, political change, and turbulent democratic demands for greater equality and social justice. Far from discarding the regulatory state, neoliberals wanted to harness it to their grand project of protecting capitalism on a global scale. It was a project, Slobodian shows, that changed the world, but that was also undermined time and again by the inequality, relentless change, and social injustice that accompanied it.
The Production of Money
Author: Ann Pettifor
Publisher: Verso Books
ISBN: 1786631377
Pages: 192
Year: 2017-03-28
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What is money, where does it come from, and who controls it? In this accessible, brilliantly argued book, leading political economist Ann Pettifor explains in straightforward terms history’s most misunderstood invention: the money system. Pettifor argues that democracies can, and indeed must, reclaim control over money production and restrain the out-of-control finance sector so that it serves the interests of society, as well as the needs of the ecosystem. The Production of Money examines and assesses popular alternative debates on, and innovations in, money, such as “green QE” and “helicopter money.” She sets out the possibility of linking the money in our pockets (or on our smartphones) to the improvements we want to see in the world around us.
Straight Talk on Trade
Author: Dani Rodrik
Publisher: Princeton University Press
ISBN: 1400888905
Pages: 336
Year: 2017-10-09
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An honest discussion of free trade and how nations can sensibly chart a path forward in today’s global economy Not so long ago the nation-state seemed to be on its deathbed, condemned to irrelevance by the forces of globalization and technology. Now it is back with a vengeance, propelled by a groundswell of populists around the world. In Straight Talk on Trade, Dani Rodrik, an early and outspoken critic of economic globalization taken too far, goes beyond the populist backlash and offers a more reasoned explanation for why our elites’ and technocrats’ obsession with hyper-globalization made it more difficult for nations to achieve legitimate economic and social objectives at home: economic prosperity, financial stability, and equity. Rodrik takes globalization’s cheerleaders to task, not for emphasizing economics over other values, but for practicing bad economics and ignoring the discipline’s own nuances that should have called for caution. He makes a case for a pluralist world economy where nation-states retain sufficient autonomy to fashion their own social contracts and develop economic strategies tailored to their needs. Rather than calling for closed borders or defending protectionists, Rodrik shows how we can restore a sensible balance between national and global governance. Ranging over the recent experiences of advanced countries, the eurozone, and developing nations, Rodrik charts a way forward with new ideas about how to reconcile today’s inequitable economic and technological trends with liberal democracy and social inclusion. Deftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today’s world economy and its dilemmas, and offers a visionary framework at a critical time when we need it most.

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