Creative Crisis In Democracy And Economy

Author : George C. Bitros
Publisher : Springer Science & Business Media
ISBN 13 : 3642334210
Total Pages : 284 pages
Book Rating : 4.14/5 ( download)

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Download or read book Creative Crisis in Democracy and Economy written by George C. Bitros and published by Springer Science & Business Media. This book was released on 2013-02-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developments across the millennia suggest that, even though democracies and free market economies are continuously challenged by crises and disturbances, such as natural disasters, wars, or technological revolutions, in the countries where they take roots civil liberties deepen and per capita prosperity increases. To substantiate this claim analytically, the authors emphasize the principles that make free markets a sine qua non condition for democracy and study the nature of the relationship between free market institutions and economic growth. By examining the operating principles, outcomes and challenges experienced by contemporary democracies, many lessons are drawn with regard to how governments should act in order to avoid the pitfalls inherently associated with representative democracy. To illustrate the dangers of deviating from these principles, the authors apply their findings to the Greek democracy and economy since the Second World War.

Author : Francisco E. González
Publisher : JHU Press
ISBN 13 : 1421405423
Total Pages : 294 pages
Book Rating : 4.21/5 ( download)

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Download or read book Creative Destruction? written by Francisco E. González and published by JHU Press. This book was released on 2012-07-02 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares the political economy arising from the Great Depression and from the 1982 Debt Crisis.

Author : Philippe Aghion
Publisher : Harvard University Press
ISBN 13 : 0674971167
Total Pages : 401 pages
Book Rating : 4.65/5 ( download)

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Download or read book The Power of Creative Destruction written by Philippe Aghion and published by Harvard University Press. This book was released on 2021-04-20 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity. To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.

Author : Francisco Enrique González González
Publisher :
ISBN 13 :
Total Pages : 281 pages
Book Rating : 4.10/5 ( download)

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Download or read book Creative Destruction? written by Francisco Enrique González González and published by . This book was released on 2012 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Richard A. Posner
Publisher : Harvard University Press
ISBN 13 : 0674062191
Total Pages : 409 pages
Book Rating : 4.91/5 ( download)

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Download or read book The Crisis of Capitalist Democracy written by Richard A. Posner and published by Harvard University Press. This book was released on 2010-01-01 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following up on his timely and well-received book, A Failure of Capitalism, Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government's stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government's energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.

Author : Ursula Van Beek
Publisher : AFRICAN SUN MeDIA
ISBN 13 : 1920338705
Total Pages : 216 pages
Book Rating : 4.01/5 ( download)

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Download or read book Democracy Under Stress written by Ursula Van Beek and published by AFRICAN SUN MeDIA. This book was released on 2012-02-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: DEMOCRACY UNDER STRESS focuses on the global financial crisis of 2008-2009 and its implications for democracy. Why and how did the crisis come about? Are there any instructive lessons to be drawn from comparisons with the Great Depression of the 1930s? What are the democratic response mechanisms to cope with serious crises? Do they work? Is China a new trend setter? Do values matter? Are global democratic rules a possibility? These are some of the key questions addressed in the volume.

Author : Gülenay Baş Dinar
Publisher : Springer Nature
ISBN 13 : 3031455479
Total Pages : 132 pages
Book Rating : 4.76/5 ( download)

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Download or read book Tensions Between Capitalism and Democracy Today written by Gülenay Baş Dinar and published by Springer Nature. This book was released on 2023-12-30 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the intellectual ideas that underpin our understanding of capitalism. Framing these debates through the work on John Stuart Mill and Joseph Schumpeter, the development of democracy and its relationship with capitalism is explored to provide insight into the rationality of individuals and the distribution of power. By analysing the evolution of economic systems, ideas relating to democracy, capitalism, liberalism, competition, and elites are also defined. This book aims to inform current economic and political debates and to highlight new forms of democracy and capitalism. It will be relevant to students and researchers interested in the political economy and the history of economic thought.

Author : John Callaghan
Publisher : Manchester University Press
ISBN 13 : 1526125099
Total Pages : 318 pages
Book Rating : 4.95/5 ( download)

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Download or read book In search of social democracy written by John Callaghan and published by Manchester University Press. This book was released on 2017-05-26 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The search for social democracy has not been an easy one over the last three decades. The economic crisis of the 1970s, and the consequent rise of neo-liberalism, confronted social democrats with difficult new circumstances: tax-resistant electorates, the globalisation of capital and Western deindustrialisation. In response, a new bout of ideological revisionism consumed social democratic parties. But did this revisionism simply amount to a neo-liberalisation of the Left or did it propose a recognisably social democratic agenda? Were these ideological adaptations the only feasible ones or were there other forms of modernisation that might have yielded greater strategic dividends for the Left? Why did some social democratic parties feel it necessary to take their revisionism much further than others? In search of social democracy brings together prominent scholars of social democracy to address these questions. Focusing on the social democratic heartland of Western Europe (although Australia and the United States also figure in the analysis), it gives the first detailed assessment of how the new social democratic revisionism has fared in government. The book begins by considering the underlying causes of the end of social democracy’s golden age and the magnitude of the challenges faced by social democratic parties after the 1970s. It then proceeds to examine detailed case studies of how particular social democratic parties responded to this changed political terrain. Finally, it contributes to a broader conversation about the future of social democracy by considering ways in which the political thought of ‘third way’ social democracy might be radicalised for the twenty-first century. The contributors offer a variety of perspectives – some are sceptical of social democracy’s prospects, others more sanguine; some supportive of the performance of social democratic parties in government, others bitingly critical. But they are united by the conviction that the themes addressed in this book are crucial to understanding the current politics of the industrialised world and, in particular, to determining the feasibility of more egalitarian and democratic social outcomes than have been possible so far in the era of neo-liberalism.

Author : Hideko Magara
Publisher : Routledge
ISBN 13 : 9780367141905
Total Pages : 254 pages
Book Rating : 4.06/5 ( download)

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Download or read book Growth, Crisis, Democracy written by Hideko Magara and published by Routledge. This book was released on 2019-01-23 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the global financial crisis of 2008, advanced economies have been making various efforts to overcome the economic impasse. While the contrast between the countries that have escaped from the crisis relatively quickly and those still suffering from serious problems is becoming clearer, a new economic crisis stemming from newly emerging economies has again impacted advanced economies. In retrospect, both leftist and rightist governments in advanced economies pursued expansive macroeconomic and welfare policies from the post-WWII period to the oil shocks of the 1970s. While we recognise that the particular policy regime in this 'Golden Decades' during which the left and the right implemented similar policies cross-nationally, were characterised by outstanding economic growth in each country, the specific growth patterns varied across countries. Different social coalitions underpinned different growth models. This book is premised on tentative conclusions that Magara and her research collaborators have reached as a result of three years of study related to our previous project on economic crises and policy regimes. Recognising the need to analyse fluid and unstable situations, we have set up a new research design in which we emphasise political variables--whether political leaders and citizens can overcome the various weaknesses inherent in democracy and escape from an economic crisis by establishing an effective social coalition. A new policy regime can be stable only if it is supported by a sufficiently large coalition of social groups whose most important policy demands are satisfied within the new policy regime.

Author : Graham Smith
Publisher : University of Westminster Press
ISBN 13 : 1914386183
Total Pages : 200 pages
Book Rating : 4.83/5 ( download)

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Download or read book Democracy in a Pandemic written by Graham Smith and published by University of Westminster Press. This book was released on 2021-07-12 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covid-19 has highlighted limitations in our democratic politics – but also lessons for how to deepen our democracy and more effectively respond to future crises. In the face of an emergency, the working assumption all too often is that only a centralised, top-down response is possible. This book exposes the weakness of this assumption, making the case for deeper participation and deliberation in times of crises. During the pandemic, mutual aid and self-help groups have realised unmet needs. And forward-thinking organisations have shown that listening to and working with diverse social groups leads to more inclusive outcomes. Participation and deliberation are not just possible in an emergency. They are valuable, perhaps even indispensable. This book draws together a diverse range of voices of activists, practitioners, policy makers, researchers and writers. Together they make visible the critical role played by participation and deliberation during the pandemic and make the case for enhanced engagement during and beyond emergency contexts. Another, more democratic world can be realised in the face of a crisis. The contributors to this book offer us meaningful insights into what this could look like.