Found 10 article(s) for author 'Capitalism'

New Perspectives on the History of Political Economy

New Perspectives on the History of Political Economy. Sophus Reinert, 2018, Book, “This volume offers a snapshot of the resurgent historiography of political economy in the wake of the ongoing global financial crisis, and suggests fruitful new agendas for research on the political-economic nexus as it has developed in the Western world since the end of the Middle Ages. New Perspectives on the History of Political Economy brings together a select group of young and established scholars from a wide variety of disciplinary backgrounds—history, economics, law, and political science—in an effort to begin a re-conceptualization of the origins and history of political economy through a variety of still largely distinct but complementary historical approaches—legal and intellectual, literary and philosophical, political and economic—and from a variety of related perspectives: debt and state finance, tariffs and tax policy, the encouragement and discouragement of trade, merchant communities and companies, smuggling and illicit trades, mercantile and colonial systems, economic cultures, and the history of economic doctrines more narrowly construed.Link

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American Danger: United States Empire, Eurafrica, and the Territorialization of Industrial Capitalism, 1870–1950

American Danger: United States Empire, Eurafrica, and the Territorialization of Industrial Capitalism, 1870–1950. Sven Beckert, October 2017, Paper, “During the last third of the nineteenth century, a debate emerged in a number of European countries on the “American danger.” Responding to the rapid rise of the United States as the world’s most important economy, some European observers feared their nations’ declining competitiveness in the face of the territorial extent of the United States, and its ability to integrate a dynamic industrial sector with ample raw material supplies, agriculture commodities, markets, and labor into one national economy. This “second great divergence” provoked a range of responses, as statesmen, capitalists, and intellectuals advocated for territorial rearrangements of various European economies, a discussion that lasted with greater or lesser intensity from the 1870s to the 1950s.Link

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Firms, crowds, and innovation

Firms, crowds, and innovation. Karim Lakhani, May 2017, Paper, “The purpose of this article is to suggest a (preliminary) taxonomy and research agenda for the topic of “firms, crowds, and innovation” and to provide an introduction to the associated special issue. We specifically discuss how various crowd-related phenomena and practices–for example, crowdsourcing, crowdfunding, user innovation, and peer production–relate to theories of the firm, with particular attention on “sociality” in firms and markets. We first briefly review extant theories of the firm and then discuss three theoretical aspects of sociality related to crowds in the context of strategy, organizations, and innovation: (1) the functions of sociality (sociality as extension of rationality, sociality as sensing and signaling, sociality as matching and identity), (2) the forms of sociality (independent/aggregate and interacting/emergent forms of sociality), and (3) the failures of sociality (misattribution and misapplication). We conclude with an outline of future research directions and introduce the special issue papers and essays.Link

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Trump’s Carrier deal could permanently damage American capitalism

Trump’s Carrier deal could permanently damage American capitalism. Lawrence Summers, December 2, 2016, Opinion, “There are many aspects of the economic policy of the new administration that I find misguided. But I am most troubled by what President-elect Donald Trump did with Carrier to hold on to an extra 700 jobs in Indiana. Ronald Reagan’s response to the air traffic controllers’ strike was a small act that had profound consequences. I fear in a similar way that the negotiation with Carrier is a small thing that is actually a very big thing — a change very much for the worse with regards to the operating assumptions of American capitalism.Link

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Shared Capitalism: What is it and What Does it Do?

Shared Capitalism: What is it and What Does it Do? Richard Freeman, December 2016, Paper, “We all know that people respond to incentives. Economics 101 teaches that workers put forth greater effort when these efforts are rewarded financially, and top talent tends to gravitate toward jobs and firms where rewards are geared to performance. For the most part, however, the research that’s led us to these conclusions has focused on performance incentives for individual workers, such as piece rates, merit pay, individual commissions, or bonuses.Link

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Varieties of Capitalism in Light of the Euro Crisis

Varieties of Capitalism in Light of the Euro Crisis. Peter Hall, August 2016, Paper, “The Euro crisis began, at least in symbolic terms, on November 5, 2009 when a new Prime Minister announced that the Greek budget deficit would be 12.7 percent of GDP, more than three times the amount projected for that year by the outgoing government. This sparked a crisis of confidence in sovereign debt and European banks that forced Greece, Ireland, Portugal, Spain and Cyprus into torturous negotiations with the European Union, followed by bail-out programs that imposed various combinations of fiscal austerity and structural reform on them. Almost seven years later, the effects of the crisis are still palpable. The Greek economy has lost a quarter of its value; levels of unemployment are close to 20 percent in parts of southern Europe; and the average level of economic activity in the Eurozone as a whole has only now regained its level before the global financial crisis of 2008-09.Link

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Varieties of Capitalism and the Euro Crisis

Varieties of Capitalism and the Euro Crisis, Peter A. Hall, November 2014, Paper, This article examines the role played by varieties of capitalism in the euro crisis, considering the origins of the crisis, its progression, and the response to it. Deficiencies in the institutional arrangements governing the single currency are linked to economic doctrines of the 1990s. The roots of the crisis are linked to institutional asymmetries between political economies. Northern European economies equipped to operate export-led growth models suitable for success within a monetary union are joined to southern economies whose demand-led growth models were difficult to operate successfully without the capacity to devalue. The response to a tripartite crisis of confidence, debt, and growth is explained in terms of the interaction of institutions, interests, and ideas, and its importance for the future of European integration is exploredLink

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