New PDF release: Political Economy: The Contest of Economic Ideas

By Frank Stilwell

ISBN-10: 0195551273

ISBN-13: 9780195551273

Political financial system: the competition of monetary Ideas 2d version is an absolutely up-to-date survey of the political economic climate and its reference to social issues. relocating past traditional remedies, this particular textual content bargains a "big-picture" evaluation of the analytical instruments and price judgments linked to competing colleges of financial thought.

Featuring a very attractive writing sort, this article makes the complexities of contesting financial ideas--including classical political economic climate and Marxist economics and neoclassical economies and neo-liberalism--clear and obtainable to scholars. The 3rd variation incorporates a new bankruptcy at the economics of happiness and new sections on present concerns just like the worldwide monetary concern, weather switch, and "affluenza."

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Additional resources for Political Economy: The Contest of Economic Ideas

Example text

Other related policies (anti-policies, one might say ) are the removal of government controls over financial institutions and over the flow of capital into and out of countries, and the lowering of business tax rates as means of increasing the material incentive for economic activity. The common theme is the restoration of the vitality of the capitalist economy, which neoliberals claim has been curtailed by excessive government intervention. In practice, the outcomes have been much less clear-cut.

Indeed, as some of the reasoning in this chapter has foreshadowed, governments as well as businesses may pursue strategies that are themselves at the root of our individual and collective economic difficulties. Posited solutions can compound the problems. Our principal task as political economists is to try to make sense of this complexity. 23 24 I ECONOMIC PROCESSES AND PROBLEMS-THE CURRENT CONTEXT POLITICAL ECONOMIC CHALLENGES Have structural economic changes produced beneficial outcomes? What political economic problems need to be addressed now?

Fordism, named after Henry Ford (who pioneered the mass production of motor vehicles), has required large numbers of workers to engage in routinised tasks to produce standardised products for mass markets. According to the proponents of post-Fordism, those arrangements are now tending to be replaced by smaller workforce teams that have relative autonomy and produce more diverse products for niche markets. Whether such a shift to post­ Fordism is indeed taking place, and, if so, whether it is more beneficial for employers or employees is a matter of ongoing debate.

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Political Economy: The Contest of Economic Ideas by Frank Stilwell

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