The Structural Crisis Of Capital

Author: Istvan Meszaros
Publisher: NYU Press
ISBN: 1583674977
Size: 77.78 MB
Format: PDF, ePub, Mobi
View: 1269
Download Read Online

The Structural Crisis Of Capital from the Author: Istvan Meszaros. In this collection of trenchant essays and interviews, István Mészáros, the world’s preeminent Marxist philosopher and winner of the 2008 Libertador Award for Critical Thought (the Bolivar Prize), lays bare the exploitative structure of modern capitalism. He argues with great power that the world’s economies are on a social and ecological precipice, and that unless we take decisive action to radically transform our societies we will find ourselves thrust headfirst into barbarism and environmental catastrophe. Mészáros, however, is no pessimist. He believes that the multiple crises of world capitalism will encourage the working class to demand center stage in the construction of a new system of production and distribution designed to meet human needs rather than serve the relentless pursuit of profit—a struggle which is already underway in places such as Venezuela. As John Bellamy Foster says in the foreword to this indispensable book, “Today the structural crisis of capital provides the historical setting for a new revolutionary movement for social emancipation in which developments normally taking centuries would flit by like phantoms in decades or even years. But the force for such necessary, vital change, remains with the people themselves, and rests on humanity’s willingness to constitute itself as both subject and object of history, through the collective struggle to create a just and sustainable world. This, Mészáros insists, constitutes the unprecedented challenge and burden of our historical time.”

Structural Crisis And Institutional Change In Modern Capitalism

Author: Bruno Amable
Publisher: Oxford University Press
ISBN: 0198787812
Size: 67.61 MB
Format: PDF, ePub
View: 7714
Download Read Online

Structural Crisis And Institutional Change In Modern Capitalism from the Author: Bruno Amable. This book analyses the evolution of the French model of capitalism in relation to the instability of socio-political compromises. In the 2010s, France was in a situation of systemic crisis, namely, the impossibility for political leadership to find a strategy of institutional change, or more generally a model of capitalism, that could gather sufficient social and political support. This book analyses the various attempts at reforming the French model since the 1980s, when the left tried briefly to orient the French political economy in a social-democratic/socialist direction before changing course and opting for a more orthodox macroeconomic and structural policy direction. The attempts of governments of the right to implement a radically neo-liberal structural policy also failed in the face of a significant social opposition. The enduring French systemic crisis is the expression of contradictions between the economic policies implemented by the successive left and right governments, and the existence of a dominant, social bloc, that is, a coalition of social groups that would politically support the dominant political strategy. Since 1978, both the right and the left have failed to find a solution to the contradictions between the policies they implemented and the expectations of their respective social bases, which are themselves inhabited by tensions and contradictions that evolve with the structural reforms that gradually transformed French capitalism.

The Enigma Of Capital

Author: David Harvey
Publisher: Profile Books
ISBN: 1847652018
Size: 70.30 MB
Format: PDF, Kindle
View: 5714
Download Read Online

The Enigma Of Capital from the Author: David Harvey. For three centuries the capitalist system has shaped western society, informed its rulers, and conditioned the lives of its people. Has the time come to move beyond it? Using his unrivalled knowledge of the subject, Harvey lays bare the follies of the international financial system, looking at the nature of capitalism, how it works and why sometimes it doesn't. He examines the vast flows of money that surge round the world in daily volumes well in excess of the sum of all its economies. He looks at the cycles of boom and bust in the world's housing and stock markets and shows that periodic episodes of meltdown are not only inevitable in the capitalist system but essential to its survival. The Enigma of Capital is a timely call-to-arms for the end of the capitalism, and makes a compelling case for a new social order that would allow us to live within a system that could be responsible, just and humane

Capitalism On Trial

Author: Jeannette Wicks-Lim
Publisher: Edward Elgar Publishing
ISBN: 1782540857
Size: 36.76 MB
Format: PDF, ePub
View: 6662
Download Read Online

Capitalism On Trial from the Author: Jeannette Wicks-Lim. This volume presents a collection of essays honoring Professor Thomas E. Weisskopf, one of the most prominent contributors to the field of radical economics. Beginning his academic career at Harvard before moving to the University of Michigan at Ann Arbor, Professor Weisskopf has spent the past forty years exploring through highly innovative and rigorous research the questions of economic equality, social justice and environmental responsibility. The chapters in this book reflect the main subjects of Professor WeisskopfÕs work and seek to foster continued innovation in these research areas. The diverse contributions to this volume explore the impressive range of Professor WeisskopfÕs research themes. These include the economics of developing countries, US imperialism, Marxian crisis theory, contemporary economic history and institutional development, affirmative action policies, and the potential of socialism as an alternative to capitalism for developing non-exploitative societies. In addition to 26 chapters by leading economists, this book also includes a chapter by Professor Weisskopf himself, in which he reflects on his own career in economics as well as the state of the U.S. and global economies. The volume also includes a full bibliography listing Professor WeisskopfÕs publications. Students, professors and researchers working in any branch of economics will find much of interest in this set of wide-ranging studies building from the themes advanced by Thomas Weisskopf.

The Great Recession And The Contradictions Of Contemporary Capitalism

Author: Riccardo Bellofiore
Publisher: Edward Elgar Publishing
ISBN: 0857938533
Size: 27.69 MB
Format: PDF
View: 2153
Download Read Online

The Great Recession And The Contradictions Of Contemporary Capitalism from the Author: Riccardo Bellofiore. The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession,

Capital Resurgent

Author: Gérard Duménil
Publisher: Harvard University Press
ISBN: 9780674011588
Size: 62.61 MB
Format: PDF, Mobi
View: 2552
Download Read Online

Capital Resurgent from the Author: Gérard Duménil. "The sequence of events initiated by neoliberalism is not unprecedented. In the late nineteenth century, when economic conditions were similar to those of the 1970s, a structural crisis led to a financial hegemony, culminating in the speculative boom of the late 1920s."--BOOK JACKET.

Crises Of Global Economy And The Future Of Capitalism

Author: Kiichiro Yagi
Publisher: Routledge
ISBN: 1135101655
Size: 72.19 MB
Format: PDF, ePub, Docs
View: 1146
Download Read Online

Crises Of Global Economy And The Future Of Capitalism from the Author: Kiichiro Yagi. Recent events in the global financial markets and macro economies have served as a strong reminder for a need of a coherent theory of capitalist crisis and analysis. This book helps to fill the gap with well-grounded alternative articulations of the forces which move today's economic dynamics, how they interact and how ideas of foundational figures in economic theory can be used to make sense of the current predicament. The book presents a comprehensive collection of reflections on the origins, dynamics and implications of the interlinked crises of the U.S. and global economies. The book is a thoughtful collaboration between Japanese heterodox economists of the Japan Society of Political Economy (JSPE) and non-Japanese scholars. It provides a unique immersion in different, sophisticated approaches to political economy and to the crisis. The book illustrates with the understanding of Marx's crisis theory and how it can serve as a powerful framework for analyzing the contemporary sub-prime world crisis. The book explains the subprime loan crisis as a crisis in a specific phase of the capitalist world system and concludes that it is a structural one which destroys the existing capital accumulation regime. It pays attention to structural changes and to how these changes beget profound and controversial consequences. The result is a must-read - one which truly contributes to the resurgence of radical analyses of the political economy, free from the market optimism of the main-stream economics.

Basel Iii Implications For Banks Capital Structure What Happens With Hybrid Capital Instruments

Author: Timo Köffer
Publisher: Anchor Academic Publishing (aap_verlag)
ISBN: 3954896885
Size: 21.69 MB
Format: PDF, ePub, Mobi
View: 4497
Download Read Online

Basel Iii Implications For Banks Capital Structure What Happens With Hybrid Capital Instruments from the Author: Timo Köffer. This book attempts to answer the question of how CoCos differ from convertible bonds, and how these instruments are suitable for contributing as core capital under Basel III. The place ability of CoCos and the challenges resulting from their use are discussed in this book. Overall a comprehensive picture of the impacts resulting from the new capital definitions will be created. The Background to the introduction of Basel III is described at the beginning of the book, in addition to a presentation of the Basel III document and the new capital definitions. To create a kind of basic understanding of the functioning of convertible bonds and CoCos, hybrid capital will then be explained. In the following part of the book the design options of CoCos and different interests of investor groups are shown. Then the Commerzbank AG is analyzed by means of an analysis of how the capital components changed in Basel II through to Basel III over the last two years. The effect of Basel III on hybrid capital will be illustrated with a practical example. At the end of the book follows a short conclusion regarding the potential impact of Basel III on hybrid capital and the new capital instrument CoCos.

Japan Remodeled

Author: Steven Kent Vogel
Publisher: Cornell University Press
ISBN: 9780801444494
Size: 73.29 MB
Format: PDF, ePub
View: 6856
Download Read Online

Japan Remodeled from the Author: Steven Kent Vogel. As the Japanese economy languished in the 1990s Japanese government officials, business executives, and opinion leaders concluded that their economic model had gone terribly wrong. They questioned the very institutions that had been credited with Japan's past success: a powerful bureaucracy guiding the economy, close government-industry ties, "lifetime" employment, the main bank system, and dense interfirm networks. Many of these leaders turned to the U.S. model for lessons, urging the government to liberate the economy and companies to sever long-term ties with workers, banks, suppliers, and other firms.Despite popular perceptions to the contrary, Japanese government and industry have in fact enacted substantial reforms. Yet Japan never emulated the American model. As government officials and industry leaders scrutinized their options, they selected reforms to modify or reinforce preexisting institutions rather than to abandon them. In Japan Remodeled, Steven Vogel explains the nature and extent of these reforms and why they were enacted.Vogel demonstrates how government and industry have devised innovative solutions. The cumulative result of many small adjustments is, he argues, an emerging Japan that has a substantially redesigned economic model characterized by more selectivity in business partnerships, more differentiation across sectors and companies, and more openness to foreign players.