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"The premise of economist Adam Smith's 'invisible hand'--a tenet of market economics--is that competitive self-interest shunts benefits to the community. But that is the exception rather than the rule, argues writer Robert H. Frank. Charles Darwin's idea of natural selection is a more accurate reflection of how economic competition works ... because individual and species benefits do not always coincide. Highlighting reasons for market failure and...
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"In this revisionist book, the economist Meghnad Desai argues that capitalism's recent efflorescence is something that Karl Marx anticipated and indeed would, in a certain sense, have welcomed. Capitalism, as Marx understood it, would only reach its limits when it was no longer capable of progress. Desai argues that globalization, in bringing the possibility of open competition on world markets to producers in the Third World, has proved that capitalism...
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The capitalist economic system now dominates the world, but how fully does it take justice into account? John Isbister takes a practical approach to some of the most important questions about economic and social justice: How does a vast disparity of incomes from rich to poor correlate to social justice? Should inheritances be abolished? What commitment should a rich country like the United States make to foreign aid?
Capitalism and Justice challenges...
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May you sell your vote? May you sell your kidney? May gay men pay surrogates to bear them children? May spouses pay each other to watch the kids, do the dishes, or have sex? Should we allow the rich to genetically engineer gifted, beautiful children? Should we allow betting markets on terrorist attacks and natural disasters? Most people shudder at the thought. To put some goods and services for sale offends human dignity. If everything is commodified,...
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In a wide-ranging survey that illuminates both the history and present business climate of the region, Paul Craig Roberts and Karen Araujo describe the economic transformation currently taking place in Latin America. And as they do so, they also reexamine many of the prevailing orthodoxies concerning international development and the regulation of markets, and point to the success of privatization and free enterprise in Mexico, Argentina, and Chile...
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"Examining the actual impact of economic globalization in every region of the world, from Africa and Asia to Russia and Latin America, Chua exposes an unexpected reality. In every one of these regions, free markets have concentrated disproportionate, often spectacular wealth in the hands of a resented ethnic minority." "Adding democracy to this volatile mix unleashes suppressed ethnic hatreds and brings to power ethno nationalist governments that...
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"Being a consumer is now integral to the human experience, something none of us can avoid. At the same time, many of the products that we buy come to us with histories steeped in highly unethical practices, such as worker exploitation, animal suffering and environmental damage. Consuming Choices considers the ethical-dimensions of consumer life by exploring several basic questions: Exactly what sort of unethical practices are implicated in today's...
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"As Moscow bureau chief for Business Week magazine, Rose Brady was on the scene during the fall of the Soviet Union and the key early years of Russia's transformation from a socialist state to a market economy. Brady interviewed scores of major political and economic figures, entrepreneurs, and ordinary citizens, all of whom confronted enormous changes during the first five years of economic reform." "In this compelling book about Russia's effort...
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"Capitalism was the engine of modern development in the West. The land tenure system in the Middle East, in contrast to the West, was an obstacle to the development of capitalism. In the West, the feudalism resulted in a capitalist mode of production, and the feudal system was driven by private ownership of land. In Iran, these fundamentals were absent. Understanding this, some Western developmentalists, in an attempt to remove this obstacle, rationalized...
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The Invisible Hook takes readers inside the wily world of late seventeenth- and early eighteenth-century pirates. With swashbuckling irreverence and devilish wit, Peter Leeson uncovers the hidden economics behind pirates' notorious, entertaining, and sometimes downright shocking behavior. Why did pirates fly flags of Skull & Bones? Why did they create a "pirate code"? Were pirates really ferocious madmen? And what made them so successful? The Invisible...
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The transition of the former socialist and otherwise centrally planned economies into the world trading and financial system has become a major concern to both policymakers and social scientists. In this book, experts from diverse economies address the principal issues raised by this transition. The chapters, which cover fourteen countries of East and Central Europe, the former Soviet Union, and Asia, are the result of a three-year research project....
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A probing and incisive analysis of the major world transformation from the Age of Capitalism to the Knowledge Society and how it will affect society, economics, business, and politics now and in the years ahead. In Post-Capitalist Society Peter Drucker describes how every few hundred years a sharp transformation has taken place and greatly affected society - its worldview, its basic values, its business and economics, and its social and political...
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Aiming to explain many Russians' ambivalence to recent changes, this work examines the unequal distribution of the costs and benefits of reform, its impact on the socioeconomic structure of the population, and the ways in which these changes violate social perceptions of equity and fairness.
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"In this global history, distinguished economic historian Amiya Kumar Bagchi critically analyzes the processes leading to the rise of the West since the sixteenth century to its current position as the most prosperous and powerful group of nations in the world. Integrating the history of armed conflict with the history of competition for trade, investment, and markets, Bagchi explores the human consequences for people both within and outside the region....
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