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Political economy

See below for a selection of the latest books from Political economy category. Presented with a red border are the Political economy books that have been lovingly read and reviewed by the experts at Lovereading. With expert reading recommendations made by people with a passion for books and some unique features Lovereading will help you find great Political economy books and those from many more genres to read that will keep you inspired and entertained. And it's all free!

The Pandemic Within

The Pandemic Within

COVID-19 has exposed defects in our current political-economic order: extreme wealth inequality, an ideology-driven government, a greedy corporate sector, a precarious labour force and a looming climate catastrophe. This accessible book offers a unique blend of moral imagination and social-political analysis to overcome these defects. It focuses on two characteristics of contemporary societies - hegemony and complexity - that have inhibited our ability to imagine, and take seriously, better practices and institutions. Considering housing, work, governance, finance, climate change and more, this book presents feasible and pragmatic solutions which are informed by a comprehensive vision of a flourishing, sustainable and richly democratic society.

The Economics of Talent

The Economics of Talent

Author: Roberta Comunian, Lauren England, Alessandra Faggian, Charlotta Mellander Format: Paperback / softback Release Date: 22/08/2021

To date, research into urban economics, regional science and economic geography has predominantly focused on the firm and industry as the key units of analysis in order to understand economic development; however, the past few decades have seen a growing interest in the role played by talent in the knowledge economy. This book provides an essential overview of the skills revolution. It presents key milestones of the changes in economic development in the past few decades and explains the motivation behind the rise of talent, as well as its importance for cities and economies. It also offers advice on how to attract and manage talent - a major determinant of competitiveness for countries and regions around the world. In closing, the book explains the underlying theories and provides practical examples for students, researchers and practitioners alike.

The Political Economy of Digital Ecosystems

The Political Economy of Digital Ecosystems

Author: Meelis Kitsing Format: Hardback Release Date: 19/08/2021

The book connects political economy perspectives with scenario planning for mapping out future trajectories of digital ecosystems. The focus is purposefully on digital ecosystems as it encompasses economic, political and social contexts on a global, national and local level. The diversity of political economy approaches allows the author to explore alternative meanings of digital ecosystem development, which is particularly useful for envisioning alternative futures. Often visions about the future of digital ecosystems suffer from a lack of imagination and confirmation bias which is favorable to the extrapolation of current trends. A wide range of political economy perspectives applied through positivist theorizing in this book show different interpretations of developments in digital ecosystems. Scenario planning teams around the world have applied a collective imagination to show how future trajectories can be radically different from the current trends. The book outlines meta-scenarios for alternative futures of the political economy of digital ecosystems by reviewing and synthesizing work of foresight teams. These meta-scenarios served as insights for developing four scenarios for European digital ecosystems through the workshops with high level executives and experts. The scenarios identified the nature of EU cooperation and development of digital infrastructure as key drivers. These four scenarios developed in the workshops are further operationalized in specific context by exploring implications for Estonia as well as for the Chinese investments into the European platforms. This exercise shows how scenarios of digital ecosystems can be used for stress-testing decisions and strategies. Decision-makers, students, scholars and other stakeholders in wide range of industries ranging from academia to ride-sharing can use the scenarios for reframing different development trajectories and future-proofing their strategies. The scenarios can be further developed and modified for specific purposes and context as they are not written in stone.

Optimum Size of Government Intervention

Optimum Size of Government Intervention

Author: Ramesh Chandra (Vidyasagar University, West Bengal, India) Das Format: Hardback Release Date: 18/08/2021

This book critically examines the optimum range and duration of government interventions in the economic activities of a modern state based on theoretical and empirical frameworks, and assesses their role and extent in various economies. With a special focus on emerging economies across the globe, it discusses themes such as income growth; social sector development; good governance and economic progress; threshold limits; optimum budget policy and economic growth; sustainable distributional managements in public projects; food for work programs; agricultural infrastructure development; technological progress and economic growth; and distributional equities. The policy suggestions provided here offer helpful blueprints for developmental projects. Rich in data and figures, the book addresses sector-specific case studies like healthcare; irrigation and agriculture; infrastructure; taxation and economic growth; and public sector enterprises. It will be an excellent read for scholars and researchers of economics, Indian economics, macroeconomics, political economy, public policy, political science and management, development studies, development economy and governance. It will also be useful to policymakers, administrative officials, and government and corporate bodies.

Evil Geniuses

Evil Geniuses

Author: Kurt Andersen Format: Paperback / softback Release Date: 12/08/2021

How an elite cabal rewrote the American dream for their gain - and left the rest of world behind. Evil Geniuses is the secret history of how, over the last half century, from even before Ronald Reagan through Donald Trump, America has sharply swerved away from its dream of progress for the many to a system of unfettered profit and self-interest for the few. As the social liberation of the 1960s finally ended in the chaos of Vietnam and Watergate, a cabal of rich industrialists, business chiefs, wide-eyed libertarians and right-wing economic radicals were waiting, determined to claw back everything they saw as rightfully theirs. Largely out of sight, they rapidly built and funded a new empire of think tanks and academic institutions and professional organisations, lobbying and political groups, using them to transform politics, media, finance, the legal system and US laws to reinvent and control the political economy. A throwback to the robber barons of a century earlier, they sold the remade system to the people as a nostalgic return to traditional American values. Within a decade, America's flourishing forward-thinking vision was incarcerated by the unchecked financial accumulation and political power of the super-rich. Now, the moneymen are running the show. In this hugely entertaining and deeply researched cultural and economic expose, New York Times bestselling author Kurt Andersen maps the rich history of intricate networks, unlikely connections and dark truths which are controlling a nation, revealing how on earth America got to where it is now - and what it might do to win its progressive future back.

Industrialisation for Employment and Growth in India

Industrialisation for Employment and Growth in India

Author: R. (Indira Gandhi Institute of Development Research, Bombay) Nagaraj Format: Hardback Release Date: 31/07/2021

India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing to improve in India's exports. The government launched the Make in India initiative in 2015 aimed at raising the manufacturing sector's share in GDP to 25 percent, and to create an additional 100 million jobs by 2022. Though official estimates show an optimistic image of small scale industries, they do not explain why India failed to boost industrial production as expected of the reforms. Why did they fail to keep the domestic market, let alone expand exports? What would it take to meet the ambitious policy goals of the initiative? This book attempts to address these questions. It looks at a series of case studies of the small industry to obtain an in-depth understanding of specific industries and locations to draw meaningful conclusions.

The Dragon from the Mountains

The Dragon from the Mountains

Author: Matthew (University of Oxford) McCartney Format: Hardback Release Date: 31/07/2021

China has promised to invest more than $60billion in Pakistan, in roads, rail, energy and a deep-water port at Gwadar. This is unprecedented relative to decades of minimal foreign direct investment (FDI) entering Pakistan. This is the China-Pakistan Economic Corridor (CPEC). Support for CPEC in Pakistan is widespread and encompasses much of academia, the military, the mainstream political leadership, and civil society. Supporters argue that CPEC offers the potential to transform Pakistan and support rapid, equitable and sustainable economic growth. Detractors of CPEC argue that it will more likely tip Pakistan into a dependent debt-relationship with China and that it will facilitate more Chinese imports into Pakistan posing a threat to Pakistan's industrial base. This book utilises an in-depth understanding of economic change in contemporary China and Pakistan, and economic theory and studies of big infrastructure projects from the contemporary and historical world to evaluate these contrasting views about CPEC.

Democracy, the Market, and the Firm

Democracy, the Market, and the Firm

Why are collective choices so stable and easy to make in practice, when in theory it should be totally otherwise? This question has puzzled social scientists since Condorcet in the eighteenth century. A striking illustration of this puzzle is the almost unanimous support of shareholders in publicly traded companies to the motions tabled by directors. Democracy, the Market, and the Firm investigates the behavioural assumptions leading to an alignment of shareholders, even in a context of severe market failures, and provides an analysis of the philosophical and axiomatic underpinnings of these assumptions. In sum, and figuratively, Cres and Tvede argue that the invisible hand of the market and the active hand of democracy can work hand in hand to give rise to a better world. The first part of the book explores the interplay between the voting and trading mechanisms. Two main arguments are proposed: on the one hand, the better the market works, the easier it is for majority voting to achieve political stability; on the other hand, among all market equilibria, those that are politically stable are more likely to be economically efficient. The second part of the book explores the feedback from collective choices to individual preferences.

Overcentralization in Economic Administration

Overcentralization in Economic Administration

Overcentralization in Economic Administration (Oxford, 1959) was the first book written by an Eastern European and published in the West that openly criticized socialist central planning. In this work the distinguished economist Janos Kornai begins a lifelong study of the economic organization of centrally planned economies. Professor Kornai's aim in this book was to observe the reality of the working socialist system, and to draw conclusions that were not distorted by the laws of Marxist political economy. He provided a lucid and coherent account of conditions, along with normative recommendations which influenced the Hungarian reform process, culminating in the economic changes of 1968. Professor Kornai identified several systematic failures of the centrally planned economy and gave a prescient account of weak economic performance and eventual disintegration. His argument for radical rather than partial change makes this book essential reading for those interested in the economics of transition in Eastern Europe.

Political Economy in the Evolution of China's Urban-Rural Economic Relations

Political Economy in the Evolution of China's Urban-Rural Economic Relations

Author: Fan Gao Format: Hardback Release Date: 27/07/2021

This book investigates the trajectory and evolutionary mechanisms of China's urban-rural economic relationships, seeking to explore how a developing socialist country can attain sustainable development and common prosperity. Grounded in a deep literature review and a practical analysis of real world conditions in China, the study challenges the dual economy theory of development economics that has prevailed in discussion of Chinese urban-rural economic relationships and puts forward an alternative analytical framework based on political economy. Considering the role political and social factors have played in China's economic development since 1949, the author divides the evolution of China's urban-rural economic relationship into two stages. In the first stage the relationship is seen to be a separated one, a situation that led to several repercussions; but the reform and opening-up of the late 1970s marked a turning point leading to a second stage featured by imbalanced integration . Through empirical research, the book analyses the momentum, economic effects and problems of this turn, thereby envisaging an upgraded stage marked out by collaborative integration , integral to further economic development and a more prosperous society in all respects. The title will appeal to scholars and student studying political economy, urban-rural economic relationships, development economics and the Chinese economy.