[PDF] Stabilising Capitalism eBook

Author : Pierluigi Ciocca
Publisher : Springer
Page : 114 pages
File Size : 10,4 MB
Release : 2016-02-23
Category : Business & Economics
ISBN : 1137555513

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The role of central banks as a hinge on which the financial system rests has returned to the top of the political agenda in recent years. The global financial crisis has resulted in many changes for central banks, including renewed power in financial supervision and reduced restrictions in their implementation of monetary policies. This book argues that central banks play a key role in financial systems, presenting the European Central Bank as a specific example of an institution that uses its uniquely independent position and wide margins of discretion to provide an array of important functions. It illustrates how central banks promote the security and efficiency of payment systems, pursue price stability, and accommodate the optimal utilization of the resources, labour and capital available to an economy. Stabilising Capitalism demonstrates how these institutions also aid in dealing with the risk of financial collapse and permit the continuity of public expenditure when the government is unable to place securities in the bond market. The author concludes by suggesting that although many consider the idea of this role for central banks to be outdated, these institutions form the root of the capitalist market economy and act as a bastion against financial instability.

Author : Hyman P. Minsky
Publisher : McGraw Hill Professional
Page : 433 pages
File Size : 47,10 MB
Release : 2008-05-01
Category : Business & Economics
ISBN : 0071593004

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“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.

Author : Robert Barbera
Publisher : McGraw Hill Professional
Page : 270 pages
File Size : 35,85 MB
Release : 2009-09-12
Category : Business & Economics
ISBN : 0071628452

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CNBC regular Robert J. Barbera offers a crystal clear explanation of the financial market crisis of 2008 While mainstream financial analysts are stringing together ad hoc explanations for the financial crisis of 2008, a relatively small group of economists saw this coming. In The Cost of Capitalism, Robert J. Barbera explains why. Barbera makes the case that investors and policy-makers can reduce the risk of truly gruesome outcomes if they better plan for the violent economic storms, which history confirms are always over the horizon. Investors will learn how to gird themselves for the roller-coaster ride that is free market capitalism; policy makers will find out how to plan for crises they know will occur at some point; and academic economists will rethink their pursuit of ever more elaborate mathematical models that bear no resemblance to the real world. The message is simple: Stop pretending that people are always rational and that markets are always efficient—and be prepared for market mayhem.

Author : Robert J. Barbera
Publisher :
Page : 246 pages
File Size : 44,7 MB
Release : 2009
Category : Capitalism
ISBN : 9780071747035

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In 'The Cost of Capitalism, ' CNBC regular Robert J. Barbera offers a crystal-clear explanation of the financial market crisis of 2008. Barbera argues that investors and policy-makers can reduce the risk of truly gruesome outcomes if they plan for violent economic storms, which history confirms are always just over the horizon

Author : Daniel Halliday
Publisher : Oxford University Press
Page : 288 pages
File Size : 26,12 MB
Release : 2020-05-13
Category : Philosophy
ISBN : 0190096225

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Can capitalism have moral foundations? Though this question may seem strange in today's world of vast economic disparities and widespread poverty, discussions originating with the birth of capitalism add a critical perspective to the current debate on the efficacy and morality of capitalist economies. Authors Daniel Halliday and John Thrasher use this question to introduce classical political philosophy as a framework by which to evaluate the ethics of capitalism today. They revisit and reconstruct historical eighteenth- and nineteenth-century defenses of capitalism, as written by key proponents such as Adam Smith and John Stuart Mill. They ask what these early advocates of market order would say about contemporary economies, and argue for the importance of connecting these foundational defenses to discussions of economic systems and the roles they play in economic justice and injustice today. The textbook covers longstanding problems that are as old as the discussion of capitalism itself, such as wage inequality, global trade, and the connection between paid labor and human flourishing. It also addresses new challenges, such as climate change, the welfare state, and competitive consumption, and provides topical global case studies. Additionally, it includes study questions at the end of each chapter and an author-created companion website to help guide classroom discussion.

Author : Jonathan A. Carr
Publisher : Lulu.com
Page : 175 pages
File Size : 27,18 MB
Release : 2011-03-01
Category : Business & Economics
ISBN : 0578077027

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Fixing Capitalism is a book describing Networked Capitalism, the only existing theory for creating a truly stable competitive economy that works for every person in the world. The theory begins with the conclusion that the fatal flaw in the economy is that money is a limited commodity. A limited supply of money to pay for everything creates limited production and limited consumption. It also creates instability in the economy as people decide to spend their money and encourage production or withhold their money and starve production. If we mediate exchange with an unlimited commodity, like information, the economy will be able to produce as many goods and services as the environment can sustainably support.

Author : Andrés Solimano
Publisher : University of Michigan Press
Page : 428 pages
File Size : 48,11 MB
Release : 1994
Category : Business & Economics
ISBN : 9780472105205

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The book considers the historical origins of the current wave of market-oriented reform, reviews existing controversies on the design of economic reforms, and offers alternative criteria to evaluate policy performance. In particular it focuses on issues of macroeconomic adjustment and stabilization, liberalization policies, reform of the state, and interactions between economic and political transformation during the course of systemic transformation.

Author : Vivek Chibber
Publisher : Verso Books
Page : 177 pages
File Size : 39,88 MB
Release : 2022-08-30
Category : Political Science
ISBN : 1839762705

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A strategic guide to building a more democratic and egalitarian future Why is our society so unequal? Why, despite their small numbers, do the rich dominate policy and politics even in democratic countries? Why is it so difficult for working people to organize around common interests? How do we begin to build a more equal and democratic society? Vivek Chibber provides a clear and accessible map of how capitalism works, how it limits the power of working and oppressed people, and how to overcome those limits. The capitalist economy generates incredible wealth but also injustice. Those who own the factories, hotels, and farms always have an advantage over the people who rely on that ownership class for their livelihoods. This inequality in power and income is reflected in the operation of the state, where capitalists are able to exert their will even under relatively democratic conditions. The most important reason is that states depend on the employment and profits from capitalist enterprise for both finances and legitimacy. Every meaningful victory for working people has been won through collective struggle but collective action is very difficult to coordinate. In the final section of the book, Chibber walks the reader through some of the historical attempts to build socialism and presents a vision of how we might, perhaps against the odds, build a socialist future.

Author : Immanuel Maurice Wallerstein
Publisher : Oxford University Press
Page : 199 pages
File Size : 26,86 MB
Release : 2013
Category : Business & Economics
ISBN : 0199330859

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In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive.