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This book focuses on understanding the thinking of John Maynard Keynes stressing the evolution of his thinking from adherence to the classic Quantity Theory of Money to the development of his own novel theories of unemployment, stagnation and instability in modern capitalism and the need to have active policies to combat these malaises.

"The concept of economic democracy is traditionally identified with workplace democracy and participation at the enterprise level. This is a very important dimension, but the concept of new economic democracy also recognises that, in a world of increasing complexity, the principles of democratic deliberation and social participation have to be applied to other areas as well. This book takes a fresh look at the concept of economic democracy from various perspectives. It provides rich historical narratives of episodes of social participation in the economy and society, more broadly, from the 19th to the 21st century. It dissects the various analytical underpinnings informing the theory of economic democracy connecting it with collective choice, social contract theory, Marxian analysis and libertarian critiques. The book identifies new areas of application of the principles of democratic deliberation and oversight such as the adoption of austerity policies, the signing of free trade agreements, the conduct of central bank policies, international investment treaties and natural resource management. It takes a guided tour through the evolution of economic, social and cultural rights and their impact on the design and implementation of social policy and the welfare/developmental state. The book expands the notion of economic democracy from factory level to the macro-economy and covers issues of global economic governance. It also discusses the critical links between political democracy and economic democracy and the need for a more democratic and socially equitable economy in the 21st century. Thus, it will find an audience among economists, political scientists, social activists, philosophers and sociologists"--

'The Rise and Fall of the Privatized Pension System in Chile' focuses on the Chilean experience with a privatised pension system since the early 1980 when launched by the Pinochet regime. It explores economic, financial and political economy dimensions of a private pension system based on individual savings capacity implemented in a highly unequal country. The book also highlights the role played by the pension system as a mechanism of savings redistribution from wage earners and the self-employed to the funding of big corporations at home and abroad, in a process intermediated by profit-making pension fund management companies. The book compares the resilience of Chile's private pension system with the reversals of the privatised pension system in recent years in countries of Latin America and Central-Eastern Europe. It outlines a program of structural pension reform towards a more progressive, public-based system.

"The long 20th century, from World War One to the early 21st century, has been a period of significant wealth creation and technological breakthroughs but also of booms followed by sharp contractions of output, investment and employment. This long century witnessed two world wars, the rise and fall of soviet type of socialism, episodes of hyperinflation, depression, stagflation, collapses of exchange rate regimes and a host of financial crises. Extreme monetary experiences were pervasive in different decades. There was hyperinflation in Germany, Austria, Hungary, Poland and Soviet Russia in the early 1920s, Greece and Hungary in the 1940s, Argentina, Bolivia, Peru and Nicaragua in the 1980s, Yugoslavia and Bulgaria in the 1990s, Zimbabwe in 2008 and Venezuela since 2017. The toll in terms of economic activity, investment and human welfare of these episodes was large. The US stock market crash of 1929 was followed by the Great Depression of the 1930s and then by World War II that entailed unprecedented destruction of human lives and physical assets and changed the geopolitical landscape of the world. Post-war reconstruction and recovery in the western world under US hegemony was followed by a sustained period of steady growth from around 1950 to 1973, the so-called "golden age of capitalism.""

This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions in Central Eastern Europe and Russia in the 1990s, and the great financial crisis of 2008-9. In addition to providing wide geographic and historical coverage of episodes of crisis in North America, Europe, Latin America and Asia, the book clarifies basic concepts in the area of recession economics, analysis of high inflation, debt crises, political cycles and international political economy. An understanding of these concepts is needed to comprehend big recessions and slumps that often lead to both political change and the reassessment of prevailing economic paradigms.

This book analyzes Chile's political economy over the last 30 years and the country's attempt to build a market society in a highly inegalitarian society, now as a member country of the Organization for Economic Cooperation and Development (OECD). The investigation provides a historical background of Chilean economy and society and discusses the cultural underpinnings of the imposition of free markets, the macroeconomic and growth performance of the 1990s and 2000s and the social record of privatization of education, health and social security. The treatment documents the growing concentration of economic power among small groups of elites in Chile and discusses the limits of the democratic system built after the departure of the Pinochet regime

"The international mobility of people and elites is a main feature of the global economy of today and yesterday. Immigration augments the labor force in receiving countries and provides many of the bodies and minds that are essential to any vibrant economy. Talented people are critical to the transfer of knowledge, ideas, fresh capital, contacts, and entrepreneurial capacities. This book is based on a blend of theory, varied country examples, and rich historical material ranging from the mid-nineteenth century to the early twenty-first century. It discusses the conceptual underpinnings of the push and pull factors of current migration waves and their impacts for development on the source and receiving countries. The analysis reviews the historical context under which various migration experiences have taken place - both in periods of internationalism and in periods of nationalism - in order to contribute to debates on the desirability of and tensions and costs involved in the current process of international migration and globalization. These issues are relevant during both times of economic slumps and times of economic growth"--Provided by publisher

The international mobility of people and elites is a main feature of the global economy of today. Immigration augments the labor force in receiving countries and provides many of the bodies and minds that are essential to any vibrant economy. This book is based on a blend of theory, varied country examples, and rich historical material ranging from the mid-nineteenth century to the early twenty-first century. It discusses the conceptual underpinnings of the push and pull factors of current migration waves and their impacts for development on the source and receiving countries. The analysis reviews the historical context under which various migration experiences have taken place - both in periods of internationalism and nationalism - in order to contribute to debates on the desirability of and tensions and costs involved in the current process of international migration