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Description
From all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to the United States, its biggest debtor. China's admirers point to the government's ability to mobilize state resources, make decisions quickly, and create a business-friendly environment as reasons for the nation's economic ascendency. But can its brand of state-directed capitalism overcome rampant corruption and the threat of growing inequality,...
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"The apparent success of a 'new' variant of social democracy has created considerable interest in the Third Way. This book synthesises a core economic strategy from the most significant Third Way administrations. It explores the theoretical foundations to Third Way economics, before evaluating its economic strategy against conclusions drawn from contemporary economics literature and the relative performance of contemporary left-of-centre governments....
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In this text, Roemer proposes a new future of socialism based on a redefinition of market socialism. The Achille's heel of socialism has always been maintaining innovation and efficiency in an economy in which income is equally distributed. Roemer points out that large capitalist firms have already solved a similar problem: in those firms, profits are distributed to numerous shareholders, yet they continue to innovate and compete. The author argues...
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"Between Politics and Markets examines how the decline of central planning in post-Mao China was related to the rise of two markets - an economic market for the exchange of products and factors, and a political market for the diversion to private interests of state assets and authorities. Lin reveals their concurrent development through an account of how industrial firms competed their way out of the plan through exchange relations with one another...
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The Rise of Big Government in the United States chronicles the phenomenal growth of local, state, and federal government over the last one hundred years. The authors argue that public and social acceptance (even demand) for government intervention has permitted a strong government role at all levels of the economy. Their argument takes issue with the claim that government has grown by itself and by the bureaucracy's constant push for its own expansion....
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