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Society, State and Market

Society, State and Market
Author: John Martinussen
Publisher:
Total Pages: 386
Release: 1997-02-15
Genre: Business & Economics
ISBN: 9781856494427

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As the only textbook that presents the full range of theoretical approaches and current debates on economic development, John Martinussen's guide is an essential reader and student text on this topic.


Community, Market and State in Development

Community, Market and State in Development
Author: K. Otsuka
Publisher: Springer
Total Pages: 321
Release: 2010-11-03
Genre: Business & Economics
ISBN: 0230295010

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'How to combine the community, the market, and the state in the total economic system is probably the most important agenda for economists geared towards the reduction of poverty in developing economies'. - Professor Yujiro Hayami This volume brings together leading scholars from all around the world to examine and extend Professor Hayami's development model of 'community, market and state', and to pay tribute to his invaluable contribution to economics. The authors provide new empirical analysis with a clear focus on the role of the community in economic development, and its relations with agricultural markets, industrialization and the government, using primary data from major countries in Asia and Africa. This book is indispensable reading for all interested in development economics, government and market studies and international development studies.


The State, Markets, and Development

The State, Markets, and Development
Author: Amitava Krishna Dutt
Publisher: Edward Elgar Publishing
Total Pages: 248
Release: 1994
Genre: Business & Economics
ISBN:

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The state-market debate is largely the intellectual legacy of neoclassical economics. This book attempts to go beyond the state-market dichotomy, arguing that development can be helped or hindered by both the state and markets. It further argues that co-operation between the two factors is best.


Markets of Dispossession

Markets of Dispossession
Author: Julia Elyachar
Publisher: Duke University Press
Total Pages: 297
Release: 2005-10-26
Genre: Business & Economics
ISBN: 0822387131

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What happens when the market tries to help the poor? In many parts of the world today, neoliberal development programs are offering ordinary people the tools of free enterprise as the means to well-being and empowerment. Schemes to transform the poor into small-scale entrepreneurs promise them the benefits of the market and access to the rewards of globalization. Markets of Dispossession is a theoretically sophisticated and sobering account of the consequences of these initiatives. Julia Elyachar studied the efforts of bankers, social scientists, ngo members, development workers, and state officials to turn the craftsmen and unemployed youth of Cairo into the vanguard of a new market society based on microenterprise. She considers these efforts in relation to the alternative notions of economic success held by craftsmen in Cairo, in which short-term financial profit is not always highly valued. Through her careful ethnography of workshop life, Elyachar explains how the traditional market practices of craftsmen are among the most vibrant modes of market life in Egypt. Long condemned as backward, these existing market practices have been seized on by social scientists and development institutions as the raw materials for experiments in “free market” expansion. Elyachar argues that the new economic value accorded to the cultural resources and social networks of the poor has fueled a broader process leading to their economic, social, and cultural dispossession.


Adjusting to Reality

Adjusting to Reality
Author: Robert Klitgaard
Publisher: Routledge
Total Pages: 0
Release: 2023-09
Genre:
ISBN: 9781032040196

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Originally published in 1991, this book highlights overlooked causes of underdevelopment. Using global examples as well as analytical frameworks to guide inclusive policy discussions, theorists will enjoy the novel uses of industrial economics, the theory of the firm, and the economics of discrimination.


The Entrepreneurial State

The Entrepreneurial State
Author: Mariana Mazzucato
Publisher: Penguin
Total Pages: 313
Release: 2024-02-06
Genre: Business & Economics
ISBN: 0593656946

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Award-winning economist Mariana Mazzucato’s famously incisive international bestseller debunking the pervasive myth of the inept state versus an innovative private sector—with a new preface by the author According to conventional wisdom, innovation is best left to the bold entrepreneurs of the private sector, and government should get out of the way. But what if that wasn't case? What if, from the inventions of Silicon Valley to medical breakthroughs, the public sector has actually been the most courageous and valuable risk-taker of all? Critically acclaimed and influential thinker and scholar Mariana Mazzucato argues comprehensively against the myth of a lumbering, bureaucratic state versus a dynamic, innovative private sector with remarkable original and deep research. In a series of case studies—from nanotechnology to the emerging green tech of today—Mazzucato reveals that the opposite is true: the private sector only finds the courage to invest after an entrepreneurial state has made the high-risk investments. The Entrepreneurial State reveals how every technology that makes the iPhone so “smart” was actually funded by the government—from the Internet and GPS technology, to touch-screen displays and voice-activated Siri. In the history of modern capitalism, the State has not only fixed market failures, but has also actively shaped and created markets. In doing so, it sometimes wins and sometimes fails. Yet by not admitting the State’s role in active risk taking, we've created an "innovation system" where the public sector socializes risks while privatizing reward, as Mazzucato controversially argues. This bold and provocative book considers how we adopted this dysfunctional dynamic, and then how we can overcome it so that economic growth can be not only "smart" but "inclusive" as well.


The Myth of Capitalism

The Myth of Capitalism
Author: Jonathan Tepper
Publisher: John Wiley & Sons
Total Pages: 349
Release: 2023-04-25
Genre: Business & Economics
ISBN: 1394184069

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The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.


The Illusion of Free Markets

The Illusion of Free Markets
Author: Bernard E. Harcourt
Publisher: Harvard University Press
Total Pages: 337
Release: 2012-11-12
Genre: Business & Economics
ISBN: 0674971329

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It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices. Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere. This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.


Urban Development in Post-Reform China

Urban Development in Post-Reform China
Author: Fulong Wu
Publisher: Routledge
Total Pages: 380
Release: 2006-12-05
Genre: Architecture
ISBN: 1134162154

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Radically reoriented under market reform, Chinese cities present both the landscapes of the First and Third World, and are increasingly playing a critical role in the country’s economic development. Yet, radical marketization co-exists with the ever-presence of state control. Exploring the interaction of China’s market development, state regulation and the resulting transformation and creation of new urban spaces, this innovative, key book provides the first integrated treatment of China’s urban development in the dynamic market transition. Focusing on land and housing development, the authors, all renowned authorities in this field, show how the market has been ‘created’ under post-reform urban conditions, and examine ‘the state in action’, highlighting how changing urban governance towards local entrepreneurial state facilitates market formation. A significant, original contribution, they highlight the key actors and their institutional contexts. China has been very successful in using urban land development as an economic growth engine, and here the authors investigate complex interactions between the market and state in creating this new urbanism. Taking a unique perspective, they marshal original ideas and empirical work based on field studies and collaborative work with colleagues in China.