Inclusive Economic Theory

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Inclusive Economic Theory

Steven Rosefielde,Ralph W Pfouts
Inclusive Economic Theory Book PDF

Author : Steven Rosefielde,Ralph W Pfouts
Publisher : World Scientific
Page : 220 pages
File Size : 55,9 Mb
Release : 2014-11-27
Category : Business & Economics
ISBN : 9789814566667

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Inclusive Economic Theory by Steven Rosefielde,Ralph W Pfouts Pdf

The goal of “Inclusive Economics” is to tie together various authoritative strands of contemporary economic theory into an easily comprehensible whole that illuminates the need for a broader approach to contemporary economic policymaking undistorted by obsolete 18th century rationalist assumptions about utility, ethics, worthiness and traditional culture. This is accomplished by elaborating the rationalist competitive ideal along the optimizing lines pioneered by Paul Samuelson (neoclassical economics); plumbing modifications necessitated by Herbert Simon's realist concepts of “bounded rationality” and “satisficing”; refined further by applying a pragmatist outlook to probe the consequences of relaxing Enlightenment teleological, ethical, spiritual and cultural taboos. The exercise will explain why competitive market economies guided by rational utility-seeking invariably are less productive, efficient, just and beneficent than most theorists concede, and will illuminate the full range of interventions needed to achieve better outcomes. We call this program in its entirety “Inclusive Economics”, including the integration of micro and macroeconomics. Contents:IntroductionNeoclassical Economics:Rational UtilitarianismCompetitive IdealBounded RationalityCore Consumer Behavior Theory: Ideal and RealistProduction and CostsInstitutionsMacroeconomicsGovernanceDemocracyNeo-realist Economics:When Reason FailsWhy Reason Seldom PrevailsDangersOpportunitiesInclusive Economics:Umbrella of Complementary ParadigmsTruthMathematical Appendices:Bergsonian Social Welfare FunctionsIdealist Neoclassical Consumer Utility OptimizationIdealist Neoclassical Production: Multiproduct FirmRealist Profit and Revenue Seeking: Multi-firm Interaction EffectsRealist Retail Satisficing Readership: Undergraduates, graduates, academics and professionals who are interested in economic theory and mathematical economics. Policymakers who are in need of a broad practical approach to contemporary economic policymaking. Keywords:Inclusive Economic Theory;Satisficing;Systems;CultureReviews: “All economists and persons who are interested in economics in a serious fashion should hurry to read this book and think its propositions through.” Daniel Quinn Mills Professor Emeritus Harvard Business School

Rethinking Capitalism

Michael Jacobs,Mariana Mazzucato
Rethinking Capitalism Book PDF

Author : Michael Jacobs,Mariana Mazzucato
Publisher : John Wiley & Sons
Page : 224 pages
File Size : 46,9 Mb
Release : 2016-07-21
Category : Political Science
ISBN : 9781119311638

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Rethinking Capitalism by Michael Jacobs,Mariana Mazzucato Pdf

"Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.

Local Economic and Employment Development (LEED) The Social Economy Building Inclusive Economies

OECD
Local Economic and Employment Development LEED The Social Economy Building Inclusive Economies Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 250 pages
File Size : 49,7 Mb
Release : 2007-10-30
Category : Electronic
ISBN : 9789264039889

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Local Economic and Employment Development (LEED) The Social Economy Building Inclusive Economies by OECD Pdf

This publication offers new insights into the economic theory of social economy organisations, their role in an evolving political and economic context, and the links to local development and the empowerment of users.

The Expansion of Economics

Shoshana Grossbard-Shechtman,Christopher K. Clague
The Expansion of Economics Book PDF

Author : Shoshana Grossbard-Shechtman,Christopher K. Clague
Publisher : Routledge
Page : 304 pages
File Size : 44,8 Mb
Release : 2016-07-08
Category : Business & Economics
ISBN : 9781315499758

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The Expansion of Economics by Shoshana Grossbard-Shechtman,Christopher K. Clague Pdf

Economics, like most other social sciences, is not a pure discipline. Indeed, it has been enhanced by the fact that there is so much overlap between it and the related fields of business, industrial relations, political science, social psychology, and sociology. This book is the first attempt to explain how work in economics has influenced and benefited from a merging of economic analysis with the research practices of these related fields of study. With contributions from leading economists from around the world, it demonstrates how economics is leading the way toward a more unified social science.

Economic Theory and Policy amidst Global Discontent

Ananya Ghosh Dastidar,Rajeev Malhotra,Vivek Suneja
Economic Theory and Policy amidst Global Discontent Book PDF

Author : Ananya Ghosh Dastidar,Rajeev Malhotra,Vivek Suneja
Publisher : Taylor & Francis
Page : 506 pages
File Size : 47,8 Mb
Release : 2018-02-06
Category : Business & Economics
ISBN : 9781351137560

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Economic Theory and Policy amidst Global Discontent by Ananya Ghosh Dastidar,Rajeev Malhotra,Vivek Suneja Pdf

This book rethinks economic theory and calls for a creative and pragmatic approach to policymaking. It examines what development and sustenance of economic progress mean, and how these may be facilitated. The relevance of this issue has received fresh impetus from the significant changes in the degree and pattern of international economic relations that are unfolding across the world, posing both opportunities and challenges. While globalisation of goods and financial markets may have delivered high growth for some nations, the distribution of the benefits has often been highly unequal, with gains to owners of capital and skills being disproportionately higher compared to that of labour, especially the unskilled. Widening and persistent inequalities have been at the heart of rising polarisation and spread of conflicts that threaten the social fabric. This work emphasises the relevance of a broad policy framework based on building individual capabilities and in line with a human-centric perspective. At the same time, it points out the crucial need to create policy space for macroeconomic stability and to accommodate heterodox influences, especially when conventional wisdom proves inadequate, as starkly demonstrated inter alia during the recent global financial crisis. This festschrift, dedicated to Deepak Nayyar, presents chapters on diverse themes that address the persisting global problems of poverty, inequality and sustaining development. The book will be of great interest to scholars and researchers of economics, development studies, public policy and governance, and also to policymakers, government officials and those in media.

The Inclusive City

Ari-Veikko Anttiroiko,Martin de Jong
The Inclusive City Book PDF

Author : Ari-Veikko Anttiroiko,Martin de Jong
Publisher : Springer Nature
Page : 127 pages
File Size : 54,9 Mb
Release : 2020-11-21
Category : Social Science
ISBN : 9783030613655

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The Inclusive City by Ari-Veikko Anttiroiko,Martin de Jong Pdf

This book provides a conceptual framework for understanding the inclusive city. It clarifies the concept, dimensions and tensions of social and economic inclusion and outlines different forms of exclusion to which inclusion may be an antidote. The authors argue that as inclusion involves a range of inter-group and intragroup tensions, the unifying role of local government is crucial in making inclusion a reality for all, as is also the adoption of an inclusive and collaborative governance style. The book emphasizes the need to shift from citizens’ rights to value creation, thus building a connection with urban economic development. It demonstrates that inclusion is an opportunity to widen the local resource base, create collaborative synergies, and improve conditions for entrepreneurship, which are conducive to the creation of shared urban prosperity.

Value Chains, Social Inclusion and Economic Development

A.H.J. (Bert) Helmsing,Sietze Vellema
Value Chains Social Inclusion and Economic Development Book PDF

Author : A.H.J. (Bert) Helmsing,Sietze Vellema
Publisher : Routledge
Page : 305 pages
File Size : 51,8 Mb
Release : 2012-05-23
Category : Business & Economics
ISBN : 9781136724718

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Value Chains, Social Inclusion and Economic Development by A.H.J. (Bert) Helmsing,Sietze Vellema Pdf

Lead firms, development organisations, donors and governments view value chains and voluntary standards as vital instruments for achieving millennium development goals through trade and market-related interventions. The precise foundations for these development strategies, which suggest positive development outcomes from integration of poor actors into value chains, are as yet underdeveloped. The interdisciplinary work in this volume shows how trade is managed and asks theory-driven questions about how value chains relate to locally-rooted development processes. Policy makers and development practitioners are increasingly using value chain analysis to frame pro-poor development interventions. This book offers multiple conceptualizations of development outcomes of inclusion of small producers, firms and workers in value chains. Processes of inclusion at different scales are unpacked in order to identify the terms of participation of small producers, firms and workers. As value chains are embedded, the book further argues that inclusion can be conceptualized as the degree of alignment between value chain logics and the institutions and capacities in the local business system. The combination of inclusive governance and endogenous development informs a grounded debate on roles of development-oriented partnerships. Chapters in this volume draw on multiple strands of economics, sociology, political science, geography and management studies; and for empirical grounding engage in comparative analysis of cases from Latin America, SubSaharan Africa and East and South East Asia. These are combined with processes taking place at a global level, such as the proliferation of standards and the growth of roundtables and multi-stakeholder partnerships. The contributions explore contrasts – between contexts, between industries or commodities/products, and between conceptual frameworks; and the context dependency of development impact necessitates cross-case investigations. This collection will be of interest to scholars in development studies, economics, business studies, as well as to development policy makers.

How to Achieve Inclusive Growth

Valerie Cerra,Barry Eichengreen,Asmaa El-Ganainy,Martin Schindler
How to Achieve Inclusive Growth Book PDF

Author : Valerie Cerra,Barry Eichengreen,Asmaa El-Ganainy,Martin Schindler
Publisher : Oxford University Press
Page : 901 pages
File Size : 51,9 Mb
Release : 2022-01-22
Category : Business & Economics
ISBN : 9780192846938

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How to Achieve Inclusive Growth by Valerie Cerra,Barry Eichengreen,Asmaa El-Ganainy,Martin Schindler Pdf

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. Leading academic economists have partnered with experts from several international institutions to explain the sources and scale of these challenges. They gather a wide array of empirical evidence and country experiences to lay out practical policy solutions and to devise a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.

Local Economic and Employment Development (LEED) The Social Economy Building Inclusive Economies

Clarence Emma,Noya Antonella
Local Economic and Employment Development LEED The Social Economy Building Inclusive Economies Book PDF

Author : Clarence Emma,Noya Antonella
Publisher : OECD Publishing
Page : 250 pages
File Size : 45,5 Mb
Release : 2007-11-23
Category : Electronic
ISBN : 9264039872

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Local Economic and Employment Development (LEED) The Social Economy Building Inclusive Economies by Clarence Emma,Noya Antonella Pdf

This publication offers new insights into the economic theory of social economy organisations, their role in an evolving political and economic context, and the links to local development and the empowerment of users.

Full-Spectrum Economics

Christian Arnsperger
Full Spectrum Economics Book PDF

Author : Christian Arnsperger
Publisher : Routledge
Page : 288 pages
File Size : 53,7 Mb
Release : 2010-01-08
Category : Business & Economics
ISBN : 9781135169763

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Full-Spectrum Economics by Christian Arnsperger Pdf

Economics is essential in today’s world, and yet mainstream economists are increasingly under criticism for not taking into account sufficiently many dimensions of real life, such as political and moral values, human development, spirituality, and people’s widely shared aspiration to live more liberated lives. This book offers a critical assessment of contemporary mainstream economics by showing that the discipline has become much too narrow and misses out on the full spectrum of human existence. The book presents a careful, detailed analysis of the limitations of neoclassical economics and of its post-neoclassical successors: behavioral economics, neuroeconomics, and experimental economics. It offers a deconstruction rooted in the "Integral" philosophy developed over the past three decades by the contemporary American thinker Ken Wilber. Distinguishing between exterior and interior dimensions of human existence, it suggests that economics could be made into a more inclusive and more emancipatory science if it started to truly honor the genuinely interior aspects of individuals and communities. Instead of remaining stuck in the limitations of post-neoclassical theory, we should make the move toward a new paradigm that, in the name of science, promotes objectivity as well as subjectivity, and material causality as well as existential awareness. The result is a highly expanded sense of relevance for economists, sociologists, and social scientists in general. Combining methodologies from systems science, brain science, ethno-methodology, and existentialism as well as from the great spiritual traditions of humanity, Christian Arnsperger delineates the requirements of a genuinely integral economics beyond today’s crippling reductionism.

Why Nations Fail

Daron Acemoglu,James A. Robinson
Why Nations Fail Book PDF

Author : Daron Acemoglu,James A. Robinson
Publisher : Currency
Page : 546 pages
File Size : 47,8 Mb
Release : 2013-09-17
Category : Business & Economics
ISBN : 9780307719225

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Why Nations Fail by Daron Acemoglu,James A. Robinson Pdf

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

Beyond Free Market

Fayyaz Baqir,Sanni Yaya
Beyond Free Market Book PDF

Author : Fayyaz Baqir,Sanni Yaya
Publisher : Routledge
Page : 246 pages
File Size : 54,5 Mb
Release : 2021-05-19
Category : Science
ISBN : 9781000396171

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Beyond Free Market by Fayyaz Baqir,Sanni Yaya Pdf

This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. With a need to counterbalance economic growth with social equality and environmental sustainability, the book proposes innovative approaches to address key questions on the contemporary global economy such as, "Is the Global socio-economic order supportive of the pursuit of rational and enlightened self -interest?", "Is it a unipolar power centre and neoliberal economic policy regime?", "Can the system reinvent itself?", etc. One approach encourages going back to the golden past and making things "great again", insisting that history has ended and the failures of old global institutions be blamed on the "Clash of Civilizations". Another approach advocates giving up the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges and asking new questions that take academic debate to the public square. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime. The book will appeal to students and academics of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers interested in creating a new egalitarian global society.

The Inclusive Economy: Criteria, Principles and Ubuntu

Arno J van Niekerk
The Inclusive Economy Criteria Principles and Ubuntu Book PDF

Author : Arno J van Niekerk
Publisher : UJ Press
Page : 506 pages
File Size : 48,7 Mb
Release : 2022-01-01
Category : Business & Economics
ISBN : 9781776402366

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The Inclusive Economy: Criteria, Principles and Ubuntu by Arno J van Niekerk Pdf

There is one serious missing link at the center of today’s capitalism. It is a disequilibrium between increased economic interconnectedness and increased isolation/exclusion. This unique challenge in the 21st century calls for a unique solution: Ubuntu. Africa might be the last place where experts would look for an economic solution, but it ironically holds the secret to restoring the right equilibrium in the economy. Ubuntu’s ability to reconnect the marginalised with the mainstream by putting emphasis on our humanness, connectedness, collective growth through expansion and improved efficiency creates new capacity for the economy to rebalance itself towards genuine and sustainable progress. Ubuntu encapsulates that which is the opposite of economic exclusion (i.e. inequality, poverty, unsustainable growth, limited profits, etc.), namely economic inclusion. However, only a small window of opportunity exists – in and after the COVID-19 pandemic – to implement Ubuntu as a fundamental economic principle in order for it to be an effective remedy. The global economy and most local economies have entered the phase of rebuilding with a serious drawback: after the previous global financial crisis, both the economy and government’s capacity to recover are severely limited as unemployment levels, debt levels and natural resource depletion levels keep soaring, resulting in dangerous levels of economic exclusion and social instability. To this and more, the inclusive economy presents tangible solutions.

The Inclusive Economy: Criteria, Principles and Ubuntu

Arno J van Niekerk
The Inclusive Economy Criteria Principles and Ubuntu Book PDF

Author : Arno J van Niekerk
Publisher : UJ Press
Page : 506 pages
File Size : 44,8 Mb
Release : 2022-08-12
Category : Business & Economics
ISBN : 9781776402373

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The Inclusive Economy: Criteria, Principles and Ubuntu by Arno J van Niekerk Pdf

There is one serious missing link at the center of today’s capitalism. It is a disequilibrium between increased economic interconnectedness and increased isolation/exclusion. This unique challenge in the 21st century calls for a unique solution: Ubuntu. Africa might be the last place where experts would look for an economic solution, but it ironically holds the secret to restoring the right equilibrium in the economy. Ubuntu’s ability to reconnect the marginalised with the mainstream by putting emphasis on our humanness, connectedness, collective growth through expansion and improved efficiency creates new capacity for the economy to rebalance itself towards genuine and sustainable progress. Ubuntu encapsulates that which is the opposite of economic exclusion (i.e. inequality, poverty, unsustainable growth, limited profits, etc.), namely economic inclusion. However, only a small window of opportunity exists – in and after the COVID-19 pandemic – to implement Ubuntu as a fundamental economic principle in order for it to be an effective remedy. The global economy and most local economies have entered the phase of rebuilding with a serious drawback: after the previous global financial crisis, both the economy and government’s capacity to recover are severely limited as unemployment levels, debt levels and natural resource depletion levels keep soaring, resulting in dangerous levels of economic exclusion and social instability. To this and more, the inclusive economy presents tangible solutions.

Global Economic Turmoil and the Public Good

Steven Rosefielde,Daniel Quinn Mills
Global Economic Turmoil and the Public Good Book PDF

Author : Steven Rosefielde,Daniel Quinn Mills
Publisher : World Scientific
Page : 224 pages
File Size : 44,7 Mb
Release : 2015-05-13
Category : Business & Economics
ISBN : 9789814590525

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Global Economic Turmoil and the Public Good by Steven Rosefielde,Daniel Quinn Mills Pdf

The global financial crisis of 2008 was resolved over the course of two years after the collapse of the US housing bubble, but the world economy did not vigorously rebound as expected. The West has been torpid, while Asian economic vitality has steadily waned. These developments have been diversely interpreted and authorities have responded with a series of institutional reforms and policy fixes, without coming to grips with accumulating national debts, the kinds of speculative practices that caused the financial crisis, and the inadequacies of neoclassical and Keynesian macroeconomic explanations. Global Economic Turmoil and the Public Good presents the cumulative research of both authors. It updates the readers on global economic developments since 2008, while providing a concise, yet comprehensive survey of the causes and protracted consequences of the 2008 financial crisis. The book explains the global financial disequilibrium and catastrophic crisis risks; surveys and appraises institutional reforms designed to reinvigorate growth and ameliorate financial crisis risk; and proposes specific actions which will prevent another global financial crisis and its economic fallout. Contents:Global Economic Turmoil:Playing with FireIgnoring Today's DangersInsider DemocracySqueezing the Middle ClassLiberalization for the PrivilegedEast–West PolarizationDegeneration, Crisis and DisorderObstacles to Crisis Prevention:Words Instead of ActionTreadmill of RegulationMacroeconomic MiasmaDogmatismPipe DreamsDoublethinkFramework for Sustainable Prosperity:The Importance of Inclusive Economic TheoryBreaking Vicious CyclesLesser EvilProspects Readership: General public, students (undergraduates and postgraduates), policymakers and professionals interested in understanding the 2008 financial crisis and how to prevent future ones. Key Features:Adds value by crystalizing the epochal significance of the crisis (global sclerosis)Examines the largely overlooked causes of “ideocracy”, “politicracy” and supranationality, offering a fresh explanation of the causes of post-2008 global economic sclerosisParses new developments in macroeconomic theory intended both to explain the post-crisis economic sclerosis and assess future financial crisis riskIncorporates these novel factors in a new inclusive economic theoryKeywords:Global Economic Crisis;Global Financial Crisis;Crisis Prevention;Global Economic Sclerosis;European Union;Monetary Union;Fiscal Union;United States;China;India;Japan;Monetary Policy;Keynesianism;Central Banking;Fiscal Policy