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What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back...
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"In a book that effectively predicted the collapse of the Asian markets, John Gray argues that the attempt to impose the Anglo-American-style free market on the world will create a disaster on the scale of Soviet communism. Even America, the supposed flagship of the new civilization, is doomed to moral and social disintegration as it loses ground to other cultures that have never forgotten that the market works best when it is embedded in society....
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This is the worst global turndown since the Great Depression. But it is highly unlikely to be as bad. The years 1929-32 saw twelve successive quarters of economic contraction. If repeated, this would mean the economic slide will continue till mid-2011. But the present contraction will be neither as deep nor as long, and this for two reasons. First, the will to International cooperation is stronger. Second, we do have Keynes.
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"Free enterprise is off the leash and chasing new opportunities for profit making across the globe. After a turbulent century of unprecedented social and technological change, Capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries. But only thirty years ago economic growth was faltering, inflation rising and the Left were arguing for greater state intervention in industry. How did this...
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Monograph analysing the economic theory of Marxism as it applies to the transition of capitalism to collective economy - examines the political aspects, economic implications and historical process of decline in affluent society and the welfare State. Bibliography pp. 421 to 431 and references.
11) Animal spirits: how human psychology drives the economy, and why it matters for global capitalism
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The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, the authors, both economists, challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and...
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A brilliant investigation of globalization, the most significant socioeconomic trend in the world today, and how it is affecting everything we do-economically, politically, and culturally-abroad and at home. As foreign affairs columnist for The New York Times, Thomas L. Friedman crisscrosses the globe talking with the world's economic and political leaders, and reporting, as only he can, on what he sees. Now he has used his years of experience as...
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Comparative study of the rival social theories of karl marx and john stuart mill - contains a critical analysis of respective doctrines opposing Marxism's views on capitalism, social conflict and communist society to mill's theory of democracy and social reform, and concludes that neither philosophy provides the adequate basis for contemporary social change. Bibliography pp. 375 to 379 and references.
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A guided tour of markets with examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market to the global trade in AIDS drugs. Shows how these markets combine to form the global economy and why markets are neither magical nor immoral, but imperfect yet vitally important tools. [book cover].
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"Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, especially in the wake of never-ending corporate scandals, is that financial markets are parasitic institutions that feed off the blood, sweat, and tears of the rest of...
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The global economy is the leitmotif of the end of the twentieth century. Driven by the logic of modern capitalism, the global economy, a product of the Third Industrial Revolution, is a wondrous free-running system that is reordering the world as it transforms the lives and economic prospects of workers, corporations and nations. Having traveled the globe and talked to factory workers, corporate CEOs, economists and government officials, Greider contends...
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