Globalization and Its Discontents


Book Description

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.




Innovation and Its Discontents


Book Description

The United States patent system has become sand rather than lubricant in the wheels of American progress. Such is the premise behind this provocative and timely book by two of the nation's leading experts on patents and economic innovation. Innovation and Its Discontents tells the story of how recent changes in patenting--an institutional process that was created to nurture innovation--have wreaked havoc on innovators, businesses, and economic productivity. Jaffe and Lerner, who have spent the past two decades studying the patent system, show how legal changes initiated in the 1980s converted the system from a stimulator of innovation to a creator of litigation and uncertainty that threatens the innovation process itself. In one telling vignette, Jaffe and Lerner cite a patent litigation campaign brought by a a semi-conductor chip designer that claims control of an entire category of computer memory chips. The firm's claims are based on a modest 15-year old invention, whose scope and influenced were broadened by secretly manipulating an industry-wide cooperative standard-setting body. Such cases are largely the result of two changes in the patent climate, Jaffe and Lerner contend. First, new laws have made it easier for businesses and inventors to secure patents on products of all kinds, and second, the laws have tilted the table to favor patent holders, no matter how tenuous their claims. After analyzing the economic incentives created by the current policies, Jaffe and Lerner suggest a three-pronged solution for restoring the patent system: create incentives to motivate parties who have information about the novelty of a patent; provide multiple levels of patent review; and replace juries with judges and special masters to preside over certain aspects of infringement cases. Well-argued and engagingly written, Innovation and Its Discontents offers a fresh approach for enhancing both the nation's creativity and its economic growth.




Neoliberal Turkey and its Discontents


Book Description

The 'neoliberal' economic policy of President Recep Tayyip Erdogan's AKP Party, which has delivered extraordinary growth in Turkish GDP over the last decade, has been one of the foundations of the party's popular appeal. Here, a group of experts on Turkish political economy show how these policies have also had a detrimental impact on the environment, sustainability and the long-term health of the Turkish economy. Taking the two main sectors of growth during the past decade-energy and construction-as its primary focus, the book engages broadly with the political economy of inequality and sustainability in contemporary Turkey. Ultimately, the authors argue that 'environmental conflicts' in Turkey are not merely about the environment but intersect with contemporary politics of religion, ethnicity, gender, and class within the context of top-down, modernising economic development. Neoliberal Turkey and its Discontents marks an important contribution to debates around the economic growth of Turkey and the future of the AKP's long-term economic plan.




The Cult of the Market


Book Description

"'The Cult of the Market: Economic Fundamentalism and its Discontents' disputes the practical value of the shallow, all-encompassing, dogmatic, economic fundamentalism espoused by policy elites in recent public policy debates, along with their gross simplifications and sacred rules. Economics cannot provide a convincing overarching theory of government action or of social action more generally. Furthermore, mainstream economics fails to get to grips with the economic system as it actually operates. It advocates a more overtly experimental, eclectic and pragmatic approach to policy development which takes more seriously the complex, interdependent, evolving nature of society and the economy. Importantly, it is an outlook that recognises the pervasive influence of asymmetries of wealth, power and information on bargaining power and prospects throughout society. The book advocates a major reform of the teaching of economics"--Provided by publisher.







Economics and Its Discontents


Book Description

If economists are so smart, why aren't they more wealthy? If economics is a science, why did it fail to predict the global crisis of 2008? If it is not a science, what exactly is it? In the modern world, economics has acquired an almost religious aura with its specific dogmas and zealous acolytes. This book demystifies economic ideas by showing how they were born and how they have developed through the ages. Covering more than two thousand years of history, it untangles the links between economics and areas as diverse as theology, physics, the theater, and war. It describes the dangers of economic fundamentalism and offers a fresh perspective on modern debates on politics and economy in a language that is accessible to readers from all backgrounds.




Simulation and Its Discontents


Book Description

How the simulation and visualization technologies so pervasive in science, engineering, and design have changed our way of seeing the world. Over the past twenty years, the technologies of simulation and visualization have changed our ways of looking at the world. In Simulation and Its Discontents, Sherry Turkle examines the now dominant medium of our working lives and finds that simulation has become its own sensibility. We hear it in Turkle's description of architecture students who no longer design with a pencil, of science and engineering students who admit that computer models seem more “real” than experiments in physical laboratories. Echoing architect Louis Kahn's famous question, “What does a brick want?”, Turkle asks, “What does simulation want?” Simulations want, even demand, immersion, and the benefits are clear. Architects create buildings unimaginable before virtual design; scientists determine the structure of molecules by manipulating them in virtual space; physicians practice anatomy on digitized humans. But immersed in simulation, we are vulnerable. There are losses as well as gains. Older scientists describe a younger generation as “drunk with code.” Young scientists, engineers, and designers, full citizens of the virtual, scramble to capture their mentors' tacit knowledge of buildings and bodies. From both sides of a generational divide, there is anxiety that in simulation, something important is slipping away. Turkle's examination of simulation over the past twenty years is followed by four in-depth investigations of contemporary simulation culture: space exploration, oceanography, architecture, and biology.




Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump


Book Description

An International Bestseller "Accessible, provocative, and highly readable." —Alan Cowell, New York Times In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping. Yet globalization today continues to be mismanaged, and now the harms—exemplified by the rampant inequality to which it has contributed—have come home to roost in the United States and the rest of the developed world as well, reflected in growing political unrest. With a new introduction, major new chapters on the new discontents, the rise of Donald Trump, and the new protectionist movement, as well as a new afterword on the course of globalization since the book first appeared, Stiglitz’s powerful and prescient messages remain essential reading.




Capital and Its Discontents


Book Description

Capitalism is stumbling, empire is faltering, and the planet is thawing. Yet many people are still grasping to understand these multiple crises and to find a way forward to a just future. Into the breach come the essential insights of Capital and Its Discontents, which cut through the gristle to get to the heart of the matter about the nature of capitalism and imperialism, capitalism’s vulnerabilities at this conjuncture—and what can we do to hasten its demise. Through a series of incisive conversations with some of the most eminent thinkers and political economists on the Left—including David Harvey, Ellen Meiksins Wood, Mike Davis, Leo Panitch, Tariq Ali, and Noam Chomsky—Capital and Its Discontents illuminates the dynamic contradictions undergirding capitalism and the potential for its dethroning. The book challenges conventional wisdom on the Left about the nature of globalization, neoliberalism, and imperialism, as well as the agrarian question in the Global South. It probes deeply into the roots of the global economic meltdown, the role of debt and privatization in dampening social revolt, and considers capitalism’s dynamic ability to find ever new sources of accumulation—whether through imperial or ecological plunder or the commodification of previously unpaid female labor. The Left luminaries in Capital and Its Discontents look at potential avenues out of the mess—as well as wrong turns and needless detours—drawing lessons from the history of post-colonial states in the Global South, struggles against imperialism past and present, the eternal pendulum swing of radicalism, the corrosive legacy of postmodernism, and the potentialities of the radical humanist tradition. At a moment when capitalism as a system is more reviled than ever, here is an indispensable toolbox of ideas for action by some of the most brilliant thinkers of our times. Full list of Interviewees: Noam Chomsky is a laureate professor at the University of Arizona and professor emeritus in the MIT Department of Linguistics and Philosophy. His work is widely credited with having revolutionized the field of modern linguistics and Chomsky is one of the foremost critics of U.S. foreign policy. He has published numerous groundbreaking books, articles, and essays on global politics, history, and linguistics. His recent books include Who Rules the World? and Hopes and Prospects. Tariq Ali is a historian, novelist, and filmmaker, and the author of many books. He is a member of the editorial committee of the New Left Review and a contributor to the Guardian and the London Review of Books. Mike Davis is an urban theorist, historian, and political activist, author of many works including City of Quartz. He is an editor of the New Left Review and received a MacArthur Fellowship Award and the Lannan Literary Award for Nonfiction. Ellen Meiksins Wood, for many years professor of political science at York University, Toronto, is the author of a number of books, including The Origin of Capitalism and Citizens to Lords: A Social History of Western Political Thought from Antiquity to the Middle Ages. David Harvey is the Distinguished Professor of Anthropology at the Graduate Center of the City University of New York and a pioneering radical geographer. He has written numerous books and is among the 20 most cited authors in the humanities. Leo Panitch teaches political economy at York University in Toronto and is coeditor of the Socialist Register. He is the author of numerous books, including In and Out of Crisis: The Global Financial Meltdown and Left Alternatives, published by PM Press. Doug Henwood is editor of Left Business Observer, author of After the New Economy and Wall Street: How It Works and for Whom, and a contributing editor to The Nation magazine. A South African native, Gillian Hart is professor of geography at UC Berkeley and the author of Disabling Globalization: Places of Power in Post-Apartheid South Africa. John Bellamy Foster is the editor of the independent socialist magazine Monthly Review and professor of sociology at the University of Oregon in Eugene. He is the coauthor, among other works, of The Great Financial Crisis: Causes and Consequences. Ursula Huws is the editor of the international interdisciplinary journal Work Organisation, Labour and Globalisation, and the author of The Making of a Cybertariat: Virtual Work in a Real World. David McNally is professor of political science at York University in Toronto and the author of many books, including Global Slump: The Economics and Politics of Crisis and Resistance, published by PM Press. Jason W. Moore is a research fellow at the Department of Human Geography at Lund University, Sweden. Vivek Chibber is professor of sociology at New York University and the author of Locked in Place: State-Building and Late Industrialization in India. John Sanbonmatsu teaches philosophy at Worcester Polytechnic Institute in Massachusetts. He is the author of The Postmodern Prince: Critical Theory, Left Strategy, and the Making? of a New Political Subject. Andrej Grubačić is a dissident from the Balkans. A radical historian and sociologist, he is the coauthor of Wobblies and Zapatistas and author of Don’t Mourn, Balkanize! (both from PM Press).




Economics and Its Discontents


Book Description

Profiles the work of 17 economists who have decried the failure mainstream economics to explain real-world economic phenomena and have proposed alternatives that, though not adopted, continue to influence the field. The essays explore what it means to be a dissenting economist, how economics is taught, the methodology of economic analysis, the lack of attention to the actual behavior of living beings, narrow and limited assumptions, and policy conclusions reached by standard economists. On the roll call are Barbara R. Bergmann, Friedrich A. Hayek, Michal Kalecki, John Maynard Keynes, Oskar Lange, Adolph Lowe, Peiro Sraffa, and Thorstein Veblen. The contributors assume a fairly deep sophistication in economics. Annotation copyrighted by Book News, Inc., Portland, OR