Beyond Capital


Book Description

Winner of The Deutscher Memorial Prize 2004. In a completely reworked edition of his classic (1991) volume, Michael A. Lebowitz explores the implications of the book on wage-labour that Marx originally intended to write. Focusing upon critical assumptions in Capital that were to be removed in Wage-Labour and upon Marx's methodology, Lebowitz stresses the one-sidedness of Marx's Capital and argues that the side of the workers, their goals and their struggles in capitalism have been ignored by a monolithic Marxism characterized by determinism, reductionism and a silence on human experience.




Beyond Capital


Book Description

"Meszaros defines capital system as embracing private ownership, and Soviet type postcapitalism; both share the same hierarcical structure, the same destructive tendencies and the same exploitation of the labour force. Capitalism may appear to be triumphant world-wide but Beyond Capital is a devastating exposure of a system which can only renew itself at the cost of increasing its problems and can only delay but not avoid its eventual collapse. The theoretical scope and intellectual rigour of Beyond Capital is matched by its practical importance; Beyond Capital is a major contribution to the development of socialist strategies in these times of despondency and crisis of the historical left." -- Back Cover




Beyond the J Curve


Book Description

In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including: Why 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.




Capital Markets Union and Beyond


Book Description

Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe. The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)—a single market for capital in the entire Eurozone. The need for citizens and firms of all European countries to have access to funding, together with the pressure to improve the efficiency and risk-sharing opportunities of the financial system in general, put the CMU among the top priorities on the Eurozone's agenda. In this volume, leading academics in economics, finance, and law, along with policy makers and practitioners, discuss the design and implementation of a future CMU. Contributors describe the key design challenges of the CMU; specific opportunities and obstacles for reaching the CMU's goals of increasing the economic well-being of households and the profitability and viability of firms; the role that markets—from the latest fintech developments to traditional equity markets—can play in the future success of CMU; and the institutional framework needed for CMU in the aftermath of the global recession. Contributors Sumit Agarwal, Franklin Allen, Valentina Allotti, Gene Amromin, John Armour, Geert Bekaert, Itzhak Ben-David, Marcello Bianchi, Lorenzo Bini-Smaghi, Claudio Borio, Franziska Bremus, Marina Brogi, Claudia M. Buch, Giacomo Calzolari, Souphala Chomsisengphet, Luca Enriques, Douglas D. Evanoff, Ester Faia, Eilis Ferran, Jeffrey N. Gordon, Michael Haliassos, Campbell R. Harvey, Kathryn Judge, Suzanne Kalss, Valentina Lagasio, Katya Langenbucher, Christian T. Lundblad, Massimo Marchesi, Alexander Michaelides, Stefano Micossi, Emanuel Moench, Mario Nava, Giorgio Barba Navaretti, Giovanna Nicodano, Gianmarco Ottaviano, Marco Pagano, Monica Paiella, Lubos Pastor, Alain Pietrancosta, Richard Portes, Alberto Franco Pozzolo, Stephan Siegel, Wolfe-Georg Ringe, Diego Valiante




Beyond HR


Book Description

In Beyond HR: The New Science of Human capital, John Boudreau and Peter Ramstad show you how to do this through a new decisions science-talentship. Through talentship, you move far beyond merely reactive mind-set of planning and budgeting for headcount and hiring and retaining talent.




Politics Beyond the Capital


Book Description

A recent wave of decentralization in Latin America has increased the prominence of politicians at the subnational level. Politics Beyond the Capital is the first book to place this trend in comparative historical perspective, examining past episodes of decentralization alongside contemporary ones to determine whether consistent causal factors are at play. At the center of the book is the rigorous testing of two key hypotheses that attribute decentralization to liberalizing changes in political regime type and economic development strategy. The book focuses on the four Latin American countries where politicians have most extensively engaged in the redesign of subnational institutions: Argentina, Brazil, Chile, and Uruguay. By reframing the "politics of decentralization" as the "politics of designing subnational institutions," the book moves beyond the policy orientation of much of the current literature, and broadens the debate by analyzing not just decentralization but re-centralization as well.




Climate Change Solutions


Book Description

Climate Change Solutions represents an application of critical theory to examine proposed solutions to climate change. Drawing from Marx’s negative conception of ideology, the authors illustrate how ideology continues to conceal the capital-climate contradiction or the fundamental incompatibility between growth-dependent capitalism and effectively and justly mitigating climate change. Dominant solutions to climate change that offer minor changes to the current system fail to address this contradiction. However, alternatives like degrowth involve a shift in priorities and power relations and can offer new systemic arrangements that confront and move beyond the capital-climate contradiction. While there are clear barriers to a systemic transition that prioritizes social and ecological well-being, such a transition is possible and desirable.




Psychological Capital and Beyond


Book Description

Although there are as many answers to the question of how organizations can gain competitive advantage in today's global economy as there are books and experts, one lesson seems very clear: traditional answers and resources are no longer sufficient. This seminal book offers not only an answer regarding how to gain competitive advantage through people, but also a brand new, untapped human resource--psychological capital, or simply PsyCap. Generated from both the positive-psychology movement and the authors' pioneering work on positive organizational behavior, PsyCap is a rigorous concept: to be included in PsyCap, a given positive construct must be based on theory, research, and valid measurement, must be open to development, and must have measurable performance impact. The positive constructs that have been determined to best meet these PsyCap criteria--efficacy (confidence), hope, optimism, and resiliency--are covered in separate chapters in Psychological Capital and Beyond. Following an exploration of other potential positive constructs such as creativity, wisdom, well-being, flow, humor, gratitude, forgiveness, emotional intelligence, spirituality, authenticity, and courage, the authors summarize the research demonstrating the performance impact of PsyCap. They go on to provide the PsyCap Questionnaire (PCQ) as a measurement tool, and the PsyCap Intervention (PCI) as a development aid. Psychological Capital and Beyond provides theory, research, measurements, and methods of application for psychological capital, a resource that can be developed and sustained for competitive advantage. Each copy includes a complimentary PsyCap online self-assessment.




Ulaanbaatar beyond Water and Grass


Book Description

Ulaanbaatar beyond Water and Grass is the first book in the English language that takes the visitors to an in-depth exploration of the capital of Mongolia. In the first section of the book, M. A. Aldrich paints a detailed portrait of the history, religion, and architecture of Ulaanbaatar with reference to how the city evolved from a monastic settlement to a communist-inspired capital and finally to a major city of free-wheeling capitalism and Tammany Hall politics. The second section of the book offers the reader a tour of different sites within the city and beyond, bringing back to life the human dramas that have played themselves out on the stage of Ulaanbaatar. Where most guide books often lightly discuss the capital, Ulaanbaatar beyond Water and Grass: A Guide to the Capital of Mongolia reveals much that remains hidden from the temporary visitor and even from the long-term resident. Writing in a quirky, idiosyncratic style, the author shares his appreciation and delight in this unique urban setting—indeed, in all things Mongolian. The book finally does justice to one of the most neglected cultural capitals in Asia. ‘Combining history, ethnography, architecture, city planning, and folklore with a delightful dash of irony and personal opinion, Michael Aldrich’s Ulaanbaatar beyond Water and Grass is an authoritative introduction to Mongolia’s capital city. For first-time visitors or long-term academics, this is quite simply the best book available on Ulaanbaatar.’ —Jack Weatherford, author of Genghis Khan and the Making of the Modern World ‘The charm of this superb guide to Mongolia’s mysterious capital is the exuberance and love the author bestows on his subject. Michael Aldrich’s erudition is profound and all embracive, and he is as comfortable discussing abstruse aspects of Buddhism, as he is the city’s history from its pastoral and feudal origins through Manchu suzerainty to Soviet communism to the wild capitalism of the present day. He never misses the opportunity for a colourful and amusing anecdote or tidbit of scandal, to relish an obscure custom, to delight in the spice in a local dish or to pause and admire the beauty of a particular artwork, building or monument. The prose rings with his idiosyncratic personality: knowledgeable, urbane and sceptical (sometimes downright cynical), but always passionate and committed. Carrying this book through Ulaanbaatar’s streets, or curling into its pages on a sofa at home, he is the perfect companion—squeezing stories out of ancient stones, conjuring ghosts and elegantly baring the city’s soul. Ulaanbaatar beyond Water and Grass will become as great a classic of travel literature for Central Asia as J. G. Links’s Venice for Pleasure was for Europe.’ —Adam Williams, author of The Palace of Heavenly Pleasure ‘Destined to become the quintessential introduction to Ulaanbaatar, not only in terms of the wealth of information but also in terms of the sympathetic understanding and humour the author shares with the reader. Genghis Khan would have loved it.’ —Bill Porter, author of Road to Heaven: Encounters with Chinese Hermits and Finding Them Gone: Visiting China’s Poets of the Past ‘Michael Aldrich’s guide to Ulaanbaatar reveals a city of religion, of revolution and, latterly, of bold new experiment. It is both a journey through the city of today as well as an imagining of the historical city now lost to development.’ —Paul French, author of The Old Shanghai A–Z ‘This is an interesting and illuminating book, providing fascinating details on the history and evolution of Mongolia’s capital and largest city. It should definitely be included on the essential reading list for anyone living or working in Mongolia.’ —Jonathan Addleton, Executive Director of American Center for Mongolian Studies; former US Ambassador to Mongolia; author of Mongolia and the United States: A Diplomatic History




The World After Capital


Book Description

Technological progress has shifted scarcity for humanity. When we were foragers, food was scarce. During the agrarian age, it was land. Following the industrial revolution, capital became scarce. With digital technologies, scarcity is shifting once more. We need to figure out how to live in The World After Capital in which the only scarcity is our attention.