"Capitalism Hits the Fan differs sharply from most other explanations offered by politicians, media commentators, and academics. Step by step, Professor Wolff shows that deep economic structures - the relationship of wages to profits, of workers to boards of directors, and of debts to income - account for the crisis. Government bailout interventions have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recessions, and cycles in between). The book's essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises." --Book Jacket.

"Where do our ideas about economics and economic policy come from? Critics of contemporary economics complain that belief in free markets, among economists and many ordinary citizens too, is a form of religion. It turns out that there is something to the idea: not in the way the critics mean, but in a deeper, more historically grounded sense. Contrary to the conventional historical view of economics as entirely a secular product of the Enlightenment, religion exerted a powerful influence from the outset. Benjamin M. Friedman demonstrates that the foundational transition in thinking about what we now call economics, beginning in the eighteenth century, was decisively shaped by the hotly contended lines of religious thought within the English-speaking Protestant world. Beliefs about God-given human character, about our destiny after this life, and about the purpose of our existence, were all under challenge in the world in which Adam Smith and his contemporaries lived. Those debates explain the puzzling behavior so many of our fellow citizens whose views about economic policies, and whose voting behavior too, seems sharply at odds with what would be to their own economic benefit. Understanding the origins of the relationship between religious thinking and economic thinking, together with its ongoing consequences, provides insights into our current economic policy debates and ways to shape more functional policies for all citizens"--

World-renowned economist, Richard Wolf, explores the roots of the Great Recession and its immense impact on working people

Never before have so many Americans been more frustrated with our economic system, more fearful that it is failing, or more open to fresh ideas about a new one. The seeds of a new movement demanding change are forming. But just what is this thing called a new economy, and how might it take shape in America? In What Then Must We Do? Gar Alperovitz speaks directly to the reader about where we find ourselves in history, why the time is right for a new-economy movement to coalesce, what it means to build a new system to replace the crumbling one, and how we might begin. He also suggests what the next system might look like―and where we can see its outlines, like an image slowly emerging in the developing trays of a photographer's darkroom, already taking shape

Pulitzer Prize-winning economics journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. Thirty years ago, 'greed is good' and 'maximizing shareholder value' became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system. In Can American Capitalism Survive', Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth. Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term ; Thirty years ago, 'greed is good' and 'maximizing shareholder value' became the new mantras woven into the fabric of our business culture, economy, and politics. Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. He challenges the theories being taught in business schools and in boardrooms, believing that we're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. -- adapted from jacket

What is wrong with capitalism, and how can we change it? Capitalism has transformed the world and increased our productivity, but at the cost of enormous human suffering. Our shared values--equality and fairness, democracy and freedom, community and solidarity--can provide both the basis for a critique of capitalism and help to guide us toward a socialist and democratic society. Erik Olin Wright has distilled decades of work into this concise and tightly argued manifesto: analyzing the varieties of anticapitalism, assessing different strategic approaches, and laying the foundations for a society dedicated to human flourishing. How to Be an Anticapitalist in the Twenty-First Century is an urgent and powerful argument for socialism, and an unparalleled guide to help us get there. Another world is possible. Included is an afterword by the author's close friend and collaborator Michael Burawoy.

In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests --so long condemned as the deadly sin of avarice --was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.

Democratic liberalism v. authoritarianism – the ideological divide that defined the twentieth century. But when the cold war ended, “the end of history” was proclaimed. Soon the fire of freedom would burn worldwide, the experts said. And where markets were freed, human rights would inevitably follow. Or not. In the last twenty years, nations including India, Russia, China and the United Arab Emirates have disproved the idea that capitalism and democracy are inextricably linked. Emerging middle classes have proven themselves all too willing to sacrifice certain democratic rights – including free speech, an open media, and free elections – in exchange for prosperity. But they are not alone. We are all doing it. Alarmingly, Western democracy has adopted some of the attributes of that authoritarianism. Combining boots on the ground reporting with incisive analysis, award-winning journalist John Kampfner describes this alarming trend – one which has only been exacerbated by the global economic meltdown – and what citizens must do to counter it.

"Over the past two centuries or so, capitalism has undergone profound changes--economic cycles that veer from boom to bust--from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new. At the heart of this change is information technology, a revolution that is driven by capitalism but, with its tendency to push the value of much of what we make toward zero, has the potential to destroy an economy based on markets, wages, and private ownership. Almost unnoticed, in the niches and hollows of the market system, swaths of economic life are beginning to move to a different rhythm. Vast numbers of people are changing how they behave and live, in ways contrary to the current system of state-backed corporate capitalism. And as the terrain changes, new paths open. In this bold and prophetic book, Mason shows how, from the ashes of the crisis, we have the chance to create a more socially just and sustainable economy. Although the dangers ahead are profound, he argues that there is cause for hope. This is the first time in human history in which, equipped with an understanding of what is happening around us, we can predict and shape the future"--

This is the first English translation of one of the classical works of Marxist economic theory. When Rudolf Hilferding’s Finance Capitalwas first published in 1919 it was acclaimed by reviewers as a continuation of Marx’s Capital, and it has a major influence upon subsequent Marxist thought, especially in the analysis of imperialism where it provided some of the fundamental ideas for the theories of Bukharin and Lenin. But Hilferding’s work was much more than a study of imperialism, which was presented only in the last section of the book. It set out to examine the main tendencies in the development of the capitalist mode of production as a whole at the beginning of the twentieth century, beginning with an exposition of the theory of money (in which particular attention was paid to the growth of credit money), then analysing the increasingly important role of the banks in the mobilization of capital, along with the development of large corporations, cartels and trusts, and finally outlining a theory of economic crises. Hilferding’s book has, however, more than an historical interest. It is a model for any renewed attempt to understand the ‘latest phase of capitalist development’ in the closing decades of the twentieth century, and Hilferdin’s ideas still provide essential elements for the elaboration of theoretically enlightened and realistic policies in the socialist movement.

This popular illustrated history explores the dramatic highs and lows of Wall Street and its development through the 19th century.

Business, Political Science, American Studies, Philosophy

Southern slaveholders proudly pronounced themselves orthodox Christians, who accepted responsibility for the welfare of the people who worked for them. They proclaimed that their slaves enjoyed a better and more secure life than any laboring class in the world. Now, did it not follow that the lives of laborers of all races across the world would be immeasurably improved by their enslavement? In the Old South but in no other slave society a doctrine emerged among leading clergymen, politicians, and intellectuals -- "Slavery in the Abstract," which declared enslavement the best possible condition for all labor regardless of race. They joined the Socialists, whom they studied, in believing that the free-labor system, wracked by worsening class warfare, was collapsing. A vital question: to what extent did the people of the several social classes of the South accept so extreme a doctrine? That question lies at the heart of this book.--Publisher.

The age of British abolitionism came into consolidated strength in 1787-88 with the first mass campaign against the slave trade and ended just half a century later in 1838 with a mass petition movement against Negro Apprenticeship. Drescher focuses on this critical fifty-year period, when the people of the Empire effectively pressured and eventually altered national policy. Presenting a major reassessment of the roots, nature, and significance of Britain's successful struggle against slavery, he illuminates a novel turn in the history of antislavery, when for the first time, the most effective agents in the abolition process were non-slave masses, including working men and women. This not only set Britain off from ancient Rome, medieval western Europe, and early modern Russia, but, in scale and duration, it distinguished Britain from its 19th-century continental European counterparts as well. Viewing British abolitionism against the backdrop of larger national and international events, this provocative study challenges readers to look anew at the politics of slavery and social change in a prominent era of British history.

Perturbed by stagflation? In pain from recession? Sick with worry about whether the world economy can survive? You've gone to your corner economist and you couldn't understand the cure? Finally! An amusing, soundly researched, and highly accessible book that tells you everything you want to know about capitalism- the system its greatest theorists though could never survive.In this fair, concise, and good-humoured book, Robert Lekachman, Distinguished Professor of Economics at the City University of New York, assesses capitalism for what it's supposed to do deliver the goods. He starts by questioning the United States, where capitalism seems as natural as breathing and the free market is as much a byword as Mom's apple pie. But what are the realities? To understand them, he wittily documents capitalism's history from Adam Smith and Karl Marx to late last night; from mercantilism to monetarism, with explanations in between of investment and money, business cycles, the postwar boom, and the present recession.No sermons are preached. Readers must consider for themselves the dilemma that confronts us the future of capitalism and its effect on the world.

A provocative and disturbing look at the ways new economic facts are shaping our personal and social values. The distinguished sociologist Richard Sennett surveys major differences between earlier forms of industrial capitalism and the more global, more febrile, ever more mutable version of capitalism that is taking its place. He shows how these changes affect everyday life--how the work ethic is changing; how new beliefs about merit and talent displace old values of craftsmanship and achievement; how what Sennett calls "the specter of uselessness" haunts professionals as well as manual workers; how the boundary between consumption and politics is dissolving. In recent years, reformers of both private and public institutions have preached that flexible, global corporations provide a model of freedom for individuals, unlike the experience of fixed and static bureaucracies Max Weber once called an "iron cage." Sennett argues that, in banishing old ills, the new-economy model has created new social and emotional traumas. Only a certain kind of human being can prosper in unstable, fragmentary institutions: the culture of the new capitalism demands an ideal self oriented to the short term, focused on potential ability rather than accomplishment, willing to discount or abandon past experience. In a concluding section, Sennett examines a more durable form of self hood, and what practical initiatives could counter the pernicious effects of "reform."

Daily Shipping-1983 Oxford University Paperback-Pages are crisp and unmarked with very little corner wear-Cover exhibits shelf wear-Owner stamp (X4)

"Legendary economist Hyman Minsky identified author William H. Janeway as a 'theorist-practitioner' of financial economics; this book is an expression of that double life. Interweaving his unique professional perspective with political and financial history, Janeway narrates the dynamics of the innovation economy from the standpoint of a seasoned practitioner of venture capital, operating on the frontier where financial speculation intersects with novel technology. In this fully revised and updated edition, Janeway develops his theory that asset bubbles play a central role in financing technological innovation and that state investment in national goals enable the innovation process. Now, the Digital Revolution, sponsored by the state and funded by speculation, has matured to attack the authority, and even the legitimacy, of governments. The populist response in the West, especially in the United States, opens the door for China to seize leadership of the innovation economy from America"--