Bearing on fundamental issues of economic theory, history, and public policy, this volume elaborates and goes beyond themes enunciated in W. W. Rostow's previous works. The eight essays presented here are unified by the author's insistence that neo-Keynesian and neoclassical theory are an inadequate basis for economic analysis and policy prescription. Changes in technology and in the supply of energy, food, and raw materials, he contends, must be taken into account. The scale and character of the investments required to respond to these changes link his analysis back to conventional income analysis. Rostow outlines in several contexts the framework for a general, disaggregated theory of production and prices that meets this criterion. The theoretical and historical essays include a review and unification of various long-cycle theories; a formal mathematical model of the Kondratieff cycle; a review of theories relating technology and the price system, including Rostow's own formulation of the appropriate linkage; a lengthy analysis of the pre-1914 relation between money and prices, including a detailed critique of modern monetarist interpretations; and an analysis of the proposition that economic growth assumes an S-shaped path of acceleration and deceleration. The policy essays include an examination of the links between energy-related investment, full employment, and patterns of regional development in the United States; the discussion of an appropriate framework and procedure for North-South international economic negotiations; and the text of a 1965 talk on inflation that touches on the relations among economics, economists, and the performance of societies as a whole.

Mexico 1994 is as much about one country's experience as about our changing world. The book offers in-depth analysis of long-term political and economic processes that set the stage for the crisis, and of specific actions in Mexico and abroad that prompted the crash and shaped its outcome. It also casts much-needed light on important new interrelationships between domestic and global phenomena. The authors are uniquely positioned to provide valuable insights on both the Mexican crisis and the metamorphosis in the nature of financial debacles. Some of the contributors had first-hand experience with the Mexican crash - and with the unfolding East Asian crisis - as government officials, international money managers, or senior officials at the World Bank, the International Monetary Fund, and the Inter-American Development Bank; others are leading economists, political scientists, and influential financial commentators.

In this book, each of the chapters offers an analysis of the origins and development of an important aspect of Japanese culture, including religion (Pure Land Buddhism and Zen, Shinto and folk religions, Confucianism and Tokugawa era ideology), philosophy (classical Buddhism and the contemporary Kyoto School), literature and the arts (medieval poetry and drama, modern fiction and films), and social behavior (family system, feminism, nationalism, and economic growth). The central, underlying theme is the uniqueness and creativity of Japan as seen from twentieth century perspectives. One of the fascinating things about Japanese culture is that, on the one hand, it seems to have held onto its traditional foundations with a greater sense of determination and celebration than most societies and, at the same time, it appears to have attained a position at the forefront of international modernist and postmodernist developments. The authors explore several approaches to this issue. One school of thought is influenced by recent Japanese writers and intellectual historians such as Mishima, Tanizaki, Watsuji, and Nakamura. Another approach is influenced by Western poststructuralist commentators such as Barthes, Derrida, and Lyotard. A third approach is to argue against the thesis known as nihonjinron ("Japanism" or cultural exceptionalism), by suggesting that the notion of Japanese uniqueness is itself a cultural myth generated by nationalist and particularist trends originating in the Tokugawa era. The volume features an essay by Kenzaburo Oe, winner of the Nobel Prize for Literature, entitled "Japan, the Dubious, and Myself."

This volume provides new insights into the role of U.S. consuls in the Ottoman Middle East in the special context of the Holy Land. This volume provides new insights into the role of U.S. consuls in the Ottoman Middle East in the special context of the Holy Land. The motivations and functioning of the American consuls in Jerusalem, and of the consular agents in Jaffa and Haifa, are analyzed as part of the US diplomatic and consular activity throughout the world, and of Western involvement in the Ottoman Empire and in Palestine during the century preceding World War I. The processes of cultural, demographic, economic, environmental, and settlement change and the contribution of the US consuls and American settlers to development of and modernization of Palestine are discussed. Based on primary archival sources such facets as the role of consuls regarding the use of extraterritorial privileges, Western religious and cultural penetration, control of land and land purchase, non-Muslim settlement, judicial systems, and technological innovations are considered from American, Ottoman, and local viewpoints.

The rich correspondence that preceded the publication of Monopoly Capital Paul A. Baran and Paul M. Sweezy were two of the leading Marxist economists of the twentieth century. Their seminal work, Monopoly Capital: An Essay on the American Economic and Social Order, published in 1966, two years after Baran's death, was in many respects the culmination of fifteen years of correspondence between the two, from 1949 to 1964. During those years, Baran, a professor of economics at Stanford, and Sweezy, a former professor of economics at Harvard, then co-editing Monthly Review in New York City, were separated by three thousand miles. Their intellectual collaboration required that they write letters to one another frequently and, in the years closer to 1964, almost daily. Their surviving correspondence consists of some one thousand letters. The letters selected for this volume illuminate not only the development of the political economy that was to form the basis of Monopoly Capital, but also the historical context—the McCarthy Era, the Cold War, the Cuban Missile Crisis—in which these thinkers were forced to struggle. Not since Marx and Engels carried on their epistolary correspondence has there has been a collection of letters offering such a detailed look at the making of a prescient critique of political economy—and at the historical conditions from which that critique was formed.

This book explores the changing nature of the American Dream in the context of current and impending developments. Effective as they have been, traditional values need to be reassessed. Trends such as the informatics revolution, globalization, and changing patterns of work and free time ought to be taken into account. While the main focus is on the United States, the content is equally relevant to other major industrial societies experiencing similar forms of change. These changes have profound implications within the political, economic, and social realms. Particular attention is given to the rising incidence and significance of advance technology, which is capable of transforming not only the workplace but equally social relationships, family life, and individual development in a positive way.

Winner of the 2013 National Jewish Book Award, Anthologies and Collections The year 1929 represents a major turning point in interwar Jewish society, proving to be a year when Jews, regardless of where they lived, saw themselves affected by developments that took place around the world, as the crises endured by other Jews became part of the transnational Jewish consciousness. In the United States, the stock market crash brought lasting economic, social, and ideological changes to the Jewish community and limited its ability to support humanitarian and nationalist projects in other countries. In Palestine, the anti-Jewish riots in Hebron and other towns underscored the vulnerability of the Zionist enterprise and ignited heated discussions among various Jewish political groups about the wisdom of establishing a Jewish state on its historical site. At the same time, in the Soviet Union, the consolidation of power in the hands of Stalin created a much more dogmatic climate in the international Communist movement, including its Jewish branches. Featuring a sparkling array of scholars of Jewish history, 1929 surveys the Jewish world in one year offering clear examples of the transnational connections which linked Jews to each other—from politics, diplomacy, and philanthropy to literature, culture, and the fate of Yiddish—regardless of where they lived. Taken together, the essays in 1929 argue that, whether American, Soviet, German, Polish, or Palestinian, Jews throughout the world lived in a global context.

In this revised and expanded edition of Long Waves of Capitalist Development , Ernest Mandel seeks to explain the underlying determinants of the booms and slumps of the trade cycle. Mandel first establishes that there have indeed been twenty- to twenty-five-year-long waves of capitalist expansion and contraction—and that these have persisted in the period since World War II. He then assembles evidence to show that while broad tendencies in the rate of profit have been decisive in triggering downturns, the ingredients necessary for a new upswing are, by contrast, generally political and extra-economic in character. He thereby demonstrates the falsity of neo-liberal doctrines, according to which the free market will itself generate a new formula for balanced and sustainable expansion. Long Waves of Capitalist Development not only offers a penetrating analysis of the ills that have afflicted contemporary capitalist economies but also surveys, and takes forward, one of the classical debates of modern economic history.

"Though the existence of Jewish regional cultures is widely known, the origins of the most prominent groups, Ashkenaz and Sepharad, are poorly understood, and the rich variety of other regional Jewish identities is often overlooked. Yet all these subcultures emerged in the Middle Ages. Scholars contributing to the present study were invited to consider how such regional identities were fashioned, propagated, reinforced, contested, and reshaped—and to reflect on the developments, events, or encounters that made these identities manifest. They were asked to identify how subcultural identities proved to be useful, and the circumstances in which they were deployed. The resulting volume spans the ninth to the sixteenth centuries, and explores Jewish cultural developments in western Europe, the Balkans, North Africa, and Asia Minor. In its own way, each contribution considers factors—demographic, geographical, historical, economic, political, institutional, legal, intellectual, theological, cultural, and even biological—that led medieval Jews to conceive of themselves, or to be perceived by others, as bearers of a discrete Jewish regional identity. Notwithstanding the singularity of each essay, they collectively attest to the inherent dynamism of Jewish regional identities"--

Pioneering anthropologist Sherry B. Ortner is renowned for her work on the Sherpas of Nepal. Now she turns her attention homeward to examine how social class is lived in the United States and, specifically, within her own peer group. In New Jersey Dreaming , Ortner returns to her Newark roots to present an in-depth look at Weequahic High School's Class of 1958, of which she was a member. She explores her classmates’ recollected experiences of the neighborhood and the high school, also written about in the novels of Philip Roth, Weequahic High School’s most famous alum. Ortner provides a chronicle of the journey of her classmates from the 1950s into the 1990s, following the movement of a striking number of them from modest working- and middle-class backgrounds into the wealthy upper-middle or professional/managerial class. Ortner tracked down nearly all 304 of her classmates. She interviewedabout 100 in person and spoke with most of the rest by phone, recording her classmates’ vivid memories of time, place, and identity. Ortner shows how social class affected people’s livesin many hidden and unexamined ways. She also demonstrates that the Class of ‘58’s extreme upward mobility must be understood in relation to the major identity movements of the twentieth century—the campaign against anti-Semitism, the Civil Rights movement, and feminism. A multisited study combining field research with an interdisciplinary analytical framework, New Jersey Dreaming is a masterly integration of developments at the vanguard of contemporary anthropology. Engaging excerpts from Ortner's field notes are interspersed throughout the book. Whether recording the difficulties and pleasures of studying one's own peer group, the cultures of driving in different parts of the country, or the contrasting experiences of appointment-making in Los Angeles and New York, they provide a rare glimpse into the actual doing of ethnographic research.

This reader is intended to fill the urgent need for up-to-date materials on the Gorbachev era and to provide scholars and students with source materials and interpretations not available in standard texts. In addition, the book will be regularly revised and updated to take account of rapidly changing events. Alexander Dallin and Gail Lapidus have brought together outstanding Western analyses, as well as Soviet documents and commentary, dealing with developments in the USSR's politics, economy, society, culture, and foreign policy since 1985. The collection covers the full spectrum of views--skeptical and enthusiastic, ideological and pragmatic--offered by journalists, politicians, observers, and participants. Introductory and concluding material by the editors provides the essential context to help students understand the myriad opinions put forth on the vast changes in the USSR and where its future may lie.

The growth of the economy and the spread of prosperity are increasingly seen as problematic rather than positive - a trend Daniel Ben-Ami has termed 'growth scepticism'. Prosperity is accused of encourage greed, damaging the environment, causing unhappiness and widening social inequalities. Ferraris for all: A defence of economic progress is a rejoinder to the growth sceptics. Using examples from a range of countries, including the US, the author argues that society as a whole benefits from greater affluence. Action is needed - but to increase abundance and spread it worldwide, not to limit prosperity, as the sceptics would have it. The lively and provocative hardback edition was published to widespread coverage in 2010, and triggered debate and dissent in equal measure.

These lectures by Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Departing from tradition, both Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the vast economic changes spreading across Europe--economic reform in the East and growing economic integration in the West. Gaidar helped launch Russian economic reforms in 1992; Pöhl fought the hyperinflation in Europe of the 1970s and 1980s and laid the groundwork for monetary stability in Western Europe. These lectures provide insight into how these leaders assessed the risks of their situations and used basic economic analysis to chart their courses. Gaidar reviews the events that led up to the August coup in Russia to argue that gradualism was not a viable approach to economic reform. He describes the conditions and dilemmas of the time, observing that reform in Russia is as much a political puzzle as it is an economic challenge. He outlines the successes and present dangers and concludes with an optimistic assessment of Russia's prospects for reform. Pöhl provides an insider's view of the efforts of the Group of Seven industrialized nations to stabilize exchange rates from the 1970s on. He describes the tension in one country between the goals of price stability and exchange rate stability. This leads to a discussion of how monetary union was proposed in Europe and why the movement has hit snags. An appendix provides more details on the objectives and proposed structure of European monetary integration. Lionel Robbins Lectures

Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth , Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.

The twentieth century has brought considerable political, social, and economic change for South Africa. While many would choose to focus only on the issues of race, segregation, and apartheid, this book tries to capture another facet: its drive towards modernisation and industrialisation. While considering the achievements and failures of that drive, as well as how it related to ethnic and racial policy making, Bill Freund makes the economic data come alive by highlighting people and places. He proposes that South Africa in the twentieth century can actually be understood as a nascent developmental state, with economic development acting as a key motivating factor. As a unique history of South Africa in the twentieth century, this will appeal to anyone interested in a new interpretation of modern South African economic development or those in development studies searching for striking historical examples

This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.

Bron, Saul G.

The second volume includes three main essays. The first, titled "Immigration and the Foreign Born," was Kuznets' first work on immigration and discusses the impact of the general foreign born on the U.S. Kuznets and his co-author, Ernest Rubin, offer the essay as a quantitative antidote to the misinformation that led many Jews to support the restrictions ending Jewish migration in the 1920s. The second, "Israel's Economic Development," discusses the impact of mass immigration and other factors on Israeli productivity, providing in English for the first time one of the first detailed studies of the economic development of the state of Israel. The final essay, on "Immigration of Russian Jews to the United States," is the most famous of Kuznets' writings and provides a clear view, backed by a seminal paper that launched the contemporary social scientific study of Jewry. It discusses the details of the labor force, skills, and general structure of Eastern European Jewish immigrants to the U.S."--Provided by publisher.