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Full Description
Political Economy and the New Capitalism examines the relevance of Sam Aaronovitch's pioneering empirical studies of British capitalism in the light of modern developments. A wide range of problems are reviewed from industrial concentration today to the co-ordination of economic policies in Europe. Aaronovitch's work on the role of finance in the British economy is the subject sustained reflection. Individual chapters examine orthodox and left-wing criticisms of finance, exchange rate instability, and employment, growth and regions in the context of European Union. This work concludes with a bibliography of the published writings of Sam Aaronovitch and collects the reflections of some of the most distinguished thinkers in economics today including: Meghnad Desai, G.C. Harcourt, Pat Devine, Egon Matzner, Malcolm Sawyer, Sir Alan Budd, Jan Toporowski, Philip Arestis, Eleni Paliginis, Victoria Chick and Ben Fine.
Contents
I Economic Policy and the Nature of Contemporary Capitalism Rejuvenated Capitalism and no longer existing socialism - a classical Marxist explanation Meghnad Desai, London School of Economics and Political Sciences, UK Contemporary Capitalism and Keynes' General Theory G.C. Harcourt, Cambridge University, UK The 'Conflict Theory of Inflation' Re-Visited Pat Devine, University of Manchester, UK The fall of the wall: a socio-economic interpretation of the end of system competition Egon Matzner, Austrian Academy of Sciences, Postgrasse, Austria II Aspects of new capitalism 'Big business' (almost) twenty-five years on Malcolm Sawyer, University of Leeds, UK Military expenditure and Globalisation Ron Smith, Birkbeck College, University of London, UK Co-operation, coercion and autonomy in the contest for European unity Jorg Huffschmid, University of Bremen, Sudwalde, Germany Unequal exchange revisited Paul Levine, University of Surrey, Guildford, UK The Agrarian question in an age of 'New Capitalism' Haroon Akram-Lohdi, Institute of Social Studies, The Hague, The Netherlands III Finance and the New Capitalism Two views of the city Sir Alan Budd, Bank of England, London, UK Profits and exchange rate instability in a capitalist world Jan Toporowski, South Bank University, London Globalization, regionalism and national economic policies Philip Arestis, University of East London, Essex, UK and Eleni Paliginis, Middlesex University Business School, London, UK Big banks, small businesses and regions in bankers' Europe Victoria Chick, University College London, London, UK ESOP's fable: golden egg or sour grapes Ben Fine, School of Oriental and African Studies, London, UK
