Accumulation and Power


Book Description

Accumulation and Power analyses America’s economic development across three great waves of economic expansion: the Grand Traverse 1850-1900, the New Era 1916-1929 and the Great Postwar Boom, 1945-1972. Drawing on the work of Keynes, Schumpeter, Marx it departs radically from the "new economic history" model, focusing instead on capitalist decision making and its social consequences. It argues that the accumulation process is far more important than competitive markets in explaining resource allocation and growth. This innovative book is essential reading for all students and scholars of American economic history.




Accumulation & Power


Book Description




The Art of Coercion


Book Description

In today's dominant discourse of liberal interventionism, the role of coercion and the monopoly of violence have been neglected, argues Antonio Giustozzi, an analyst justly renowned for his research and writing on the Taliban. It is widely assumed that a functional, liberal state can emerge out of a political settlement between warring parties based on political inclusiveness and a social contract, which involves pressuring political actors to reach a deal. But the post-Cold war experience of such deals has been so disappointing that a re-examination of these 'certainties' is warranted. Giustozzi contends that a key source of such flawed analyses is widespread confusion over what state formation and state-building involve. In his view, completely different 'rules of the game' apply to the two. Naked coercion is a key component of state formation, and very few states were formed without recourse to it. In contrast, the history of state consolidation after their initial formation is one of taming violence and creating increasingly sophisticated way of managing it. The Art of Coercion offers a new approach to thinking about the role of security forces, in their broadest sense, in this transition between state formation and state-building. While focussing largely on the nineteenth and twentieth centuries, Giustozzi discusses coercive power throughout history, from the Carolingian empire to the Boer War, from Zapata's Mexico to China's Warring States. He scrutinises the role of armies, guerrilla bands, mercenaries, police forces and intelligence services, analyses why some coups fail and some succeed, and examines the ways in which the monopoly of violence decays.




Power and Plenty


Book Description

International trade has shaped the modern world, yet until now no single book has been available for both economists and general readers that traces the history of the international economy from its earliest beginnings to the present day. Power and Plenty fills this gap, providing the first full account of world trade and development over the course of the last millennium. Ronald Findlay and Kevin O'Rourke examine the successive waves of globalization and "deglobalization" that have occurred during the past thousand years, looking closely at the technological and political causes behind these long-term trends. They show how the expansion and contraction of the world economy has been directly tied to the two-way interplay of trade and geopolitics, and how war and peace have been critical determinants of international trade over the very long run. The story they tell is sweeping in scope, one that links the emergence of the Western economies with economic and political developments throughout Eurasia centuries ago. Drawing extensively upon empirical evidence and informing their systematic analysis with insights from contemporary economic theory, Findlay and O'Rourke demonstrate the close interrelationships of trade and warfare, the mutual interdependence of the world's different regions, and the crucial role these factors have played in explaining modern economic growth. Power and Plenty is a must-read for anyone seeking to understand the origins of today's international economy, the forces that continue to shape it, and the economic and political challenges confronting policymakers in the twenty-first century.




Finance, Accumulation, and Monetary Power


Book Description

This accessible yet rigorous book examines the development of 'financial socialism' in advanced capitalist economies in the decade since the global financial crisis of 2007-2009. It explains the dynamics of the crisis as it has developed and assesses the response of monetary elites to systemic financial risk in the global economy.




Knowledge and Power


Book Description

Ronald Reagan’s most-quoted living author—George Gilder—is back with an all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom, just when our economy desperately needs a new direction. America’s struggling economy needs a better philosophy than the college student's lament: "I can't be out of money, I still have checks in my checkbook!" We’ve tried a government spending spree, and we’ve learned it doesn’t work. Now is the time to rededicate our country to the pursuit of free market capitalism, before we’re buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that's too big to sustain and financial institutions that are "too big to fail?" In Knowledge and Power, George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and its growth. Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other. The knowledge of entrepreneurs, and their freedom to share and use that knowledge, are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all. One of the twentieth century’s defining economic minds has returned with a new philosophy to carry us into the twenty-first. Knowledge and Power is a must-read for fiscal conservatives, business owners, CEOs, investors, and anyone interested in propelling America’s economy to future success.




Capital as Power


Book Description

Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.




Wealth and Power


Book Description

Bell presents for the first time a foundational conception of wealth as a form of social resource, and explains the consequences for our understanding of social relations and social process. He demonstrates the articulation of household resources in relation to wealth, constructs a measure of the social power attributable to the holding of wealth assets, and presents an analytically powerful conception of balanced exchange. By observing the implications of wealth on a cross-cultural and multi-societal basis he shows how we can gain new insights into the implications of capital formation during this period of global accumulation.




Power and Profits


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Putinomics


Book Description

When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.