‘Commerce and manufactures gradually introduced order and good government,’ wrote Adam Smith in his Wealth of Nations, ‘and with them, the liberty and security of individuals.’ However, Philipp Rössner shows how, when looked at in the face of history, it has usually been the other way around.
This book follows the development of capitalism from the Middle Ages through the industrial revolution to modern day, casting new light on the areas where pre-modern political economies of growth and development made a difference. It shows how order and governance provided the foundation for prosperity, growth and the wealth of nations.
Written for scholars and students of economic history, this is a pioneering new study that debunks the neoliberal origin myth of how capitalism came into the world.
This book is about individualist ideas, and how they shape contemporary approaches to public policy. If we were to believe the existing literature, we might think that only markets can satisfy people’s needs, and that any collective concept of welfare compromises individual welfare. The price mechanism is taken to be the best way to allocate resources, and it is assumed that individualised responses to need must be better than general ones.Reclaiming individualism reviews the scope of individualist approaches, and considers how they apply to issues of policy. It argues for a concept of individualism based on rights, human dignity, shared interests and social protection. A valuable resource for those working or studying in social or public policy, this book is a powerful restatement of some of the key values that led to individualism being such a force in the first place.
At a time when the practices of technology companies continue to attract fierce criticism, this book asks what it actually means to hold a 'monopoly' in the tech world and how it might affect the way in which an organization operates.
Combining new and traditional Marxian perspectives, the authors offer an in-depth analysis of how these technology giants are produced, financialized, and regulated.
As technology firms continue to shape our political and socio-economic landscape, this book will be an invaluable resource for scholars and students who seek to understand the function of technological monopolies in contemporary capitalism.
Available Open Access under CC-BY-NC-ND
Made famous by the Enlightenment thinker Adam Smith, the concept of an ‘invisible hand’ might be taken to imply that a government that governs least governs the best, from the viewpoint of society. Here an invisible hand appears to represent unfettered market forces.
Drawing from this much-contested notion, Mittermaier indicates why such a view represents only one side of the story and distinguishes between what he calls pragmatic and dogmatic free marketeers.
Published posthumously, with new contributions by Daniel Klein, Rod O’Donnell and Christopher Torr, this book outlines Mittermaier’s main thesis and his relevance for ongoing debates within economics, politics, sociology and philosophy.
This ambitious collection follows the evolution of capitalism from its origins in 13th-century European towns to its 16th-century expansion into Asia, Africa and South America and on to the global capitalism of modern day.
Written by distinguished historians and social scientists, the chapters examine capitalism and its critics and the level of variation and convergence in its operation across locations. The authors illuminate the aspects of capitalism that have encouraged, but also limited, social responsibility and environmental sustainability.
Covering times, places and topics that have often been overlooked in the existing literature, this important contribution to the field of economic history charts the most comprehensive chronology of capitalism to date.
The British welfare state is traditionally understood to be comprised of five main services: health, housing, social security, education and the ‘personal social services’, such as social care and child protection.
In this book, Paul Spicker offers an original take on the role of the state in relation to these services, along with three other areas where institutional services have been developed: employment services, equalities and public services, such as roads, parks, libraries and rescue services.
Dismissing false and misleading narratives, this book profiles the real problems that need to be addressed and offers inspiration for a better path forward.
In this persuasive study, social welfare and policy expert Paul Spicker makes a case for a relational view of poverty.
Poverty is much more than a lack of resources. It involves a complex set of social relationships, such as economic disadvantage, insecurity or a lack of rights. These relational elements tell us what poverty is – what it consists of, what poor people are experiencing, and what problems need to be addressed.
This book examines poverty in the context of the economy, society and the political community, considering how states can respond to issues of inequality, exclusion and powerlessness. Drawing on examples of social policy in both rich and poor countries, this is an accessible contribution to the debate about the nature of poverty and responses to it.
The principles of the modern foundational economy and its role in renewing citizenship and informing public policy are explored for the first time in this instructive collection.
Challenging mainstream social and economic thinking, it shows how foundational economy experiments at different scales can foster radical social innovation through collective, rather than private, consumption.
An interdisciplinary group of respected European academics provide case studies of initiatives and interventions around policy cornerstones including housing, food supply and water and waste management. They build a judicious evidence base of the growing relevance of foundational economic thinking and its potential to provide a new political and social outlook on civil society and social justice.
Liberal democracies are under increasing pressure. Growing discontent about inequality, lack of political participation and identity have rekindled populism and a shift away from liberal values.
This book argues that liberalism’s reliance on a utilitarian policy framework has resulted in increased concentrations of power, restricting freedom and equality. It examines five key areas of public policy: monetary policy, private property and liability, the structure of the state, product markets and labour markets.
Drawing on the German ordoliberal tradition and its founding principle of the dispersal of power, the book proposes an alternative public policy framework. In doing so, it offers a practical pathway to realign policy making with liberal ideas.
Over the course of the last ten years the issue of debt has become a serious problem that threatens to destroy the global socio-economic system and ruin the everyday lives of millions of people. This collection brings together a range of perspectives of key thinkers on debt to provide a sociological analysis focused upon the social, political, economic, and cultural meanings of indebtedness.
The contributors to the book consider both the lived experience of debt and the more abstract processes of financialisation taking place globally. Showing how debt functions on the level of both macro- and microeconomics, the book also provides a more holistic perspective, with accounts that span sociological, cultural, and economic forms of analysis.