Suchergebnisse

Recommended readings (Machine generated): Alesina, A. and S. Ardagna (1998) 'Tales of Fiscal Adjustment', Economic Policy, October: 489-545 -- Alesina, A. and R. Perotti (1995) 'Fiscal Expansion and Adjustments in OECD Countries', Economic Policy, 10 (21): 205-48 -- Alesina, A. and R. Perotti (1997) 'Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects', IMF Staff Papers, 44 (June): 210-48 -- Arndt, H.W. (1944) The Economic Lessons of the Nineteen-Thirties. London: Frank Cass -- Barro, R. (1974) 'Are Government Bonds Net Wealth?', Journal of Political Economy, 82 (6): 1095-117 -- Barro, R. (2009) 'Government Spending is No Free Lunch: Now the Democrats are Peddling Voodoo Economics', Wall Street Journal, 22 January. http://online.wsj.com/article/SB123258618204604599.html -- Blanchard, O. (2012) 'Driving the Global Economy with the Brakes On', IMF Direct, 24 January. www.Blog-IMFDirect.IMF.org/2012/01/24/driving-the-global-economy-with-the-brakes-on/ -- Blanchard, O., G. Dell Ariccia and P. Mauro (2010) 'Rethinking Macroeconomic Policy', IMF Staff Position Note SPN 10/03, 12 February. http://www.imf.org/external/pubs/ft/spn/2010/spn1003.pdf -- Briotti, M.G. (2005) 'Economic Reactions to Public Finance Consolidation: A Survey of the Literature', European Central Bank Occasional Paper Series, No. 38, October. http://www.ecb.int/pub/pdf/scpops/ecbocp38.pdf -- Buchanan (1958) Public Principles of Public Debt: A Defence and Restatement. Homewood, Illinois: R.D. Irwin -- Buchanan (2008) 'Public Debt', in S. Durlauf and L. Blume (eds), New Palgrave Dictionary of Economics, 2nd Edition, Vol. 6., pp. 727-31 -- Callinicos, A. (2012) 'Contradictions of Austerity', Cambridge Journal of Economics, 36 (1): 65-77 -- Clark, P. (1979), 'Issues in the Analysis of Capital Formation and Productivity Growth', Brookings Papers on Economic Activity, 10 (2): 423-46 -- Cochrane, J. (2009) 'Fiscal Stimulus, Fiscal Inflation or Fiscal Fallacies', 27 February. http://faculty.chicagobooth.edu/john.cochrane/research/Papers/fiscal2.htm -- Douglas, P.H. (1933) Collapse or Cycle. Chicago: American Library Association -- Douglas, P.H. and A. Director (1931) The Problem of Unemployment. NY: Macmillan -- Fama, E. (2009) 'Bailouts and Stimulus Plans', Fama/French Forum, 13 January. http://www.dimensional.com/famafrench/2009/01/bailouts-and-stimulus-plans.html -- Ferguson, J.M. (1964) Public Debt and Future Generations. Chapel Hill: University of North Carolina Press -- Foster, W.T. and W. Catchings (1925) Profits. Boston: Houghton Mifflin.

The debate about corporate purpose is a recurring one that has re-emerged today. What should be the guiding principles of business: the pursuit of profit or a contribution to public interest? We trace key elements in this debate in Britain and America, from the interwar years, when John Maynard Keynes and Adolf Berle made important contributions, to the 1970s, when events ushered in a return to laissez-faire and the rise to dominance of the shareholder primacy model of corporate governance and purpose, to today. Both the earlier and the current debates are centered around whether we see business institutions as strictly private entities, transacting with their suppliers, workers, and customers on terms agreed with or imposed upon these groups, or as part of society at large and therefore expected to contribute to what society deems to be its interests. Whether current developments will ultimately produce a shift in corporate purpose akin to the one that followed the Second World War remains to be seen. But the parallels to the interwar debates, and the uncertain economic, political and social environment in which they took place, are striking. Our objective is to see what might be learned from the past to inform the current direction of thought concerning capitalism and corporate purpose.

"This book offers both a vision of a future Britain and a roadmap to getting there. It is now clear that the Covid-19 pandemic hit the UK harder than other countries in Europe not least because of the government's ill-timed and ill-conceived response, but also because of the chronic failure of the state to fund public services adequately and to reduce societal inequality in the neoliberal decades since 1979. Pushed by crisis, the government has borrowed massively to save jobs, businesses and the economy from collapse, making a mockery of the austerity policies that it had vocally championed for a decade - policies that undoubtedly created a divided country and precipitated a Brexit vote that has since consumed parliament and stymied social progress. The role of the state is now in sharp focus: the contributors to this book assesses what that role should be and how it should be harnessed for the good of the British people in all four of its nations. They call for nothing short of a new settlement and a complete redesign of the economy. The contributors argue passionately and persuasively for a state that is properly funded, one that looks after its citizens regardless of age, class or ethnicity and enables them to live well. To do this requires the establishment of a functional, fair and green economy managed with a social and public purpose. Bringing together some of the brightest and most-engaged scholars and thinkers in the UK, this book offers solutions and suggestions for how to re-establish the strong state, how to generate a new social settlement and how to manage a long-term and equitable economic recovery post-pandemic."

Preface and acknowledgments -- Introduction -- The influence of the legal and institutional framework -- The economy and society diverge : setting up the insecurity cycle -- The state steps in : and then back out again -- More problems with capitalism : but new ideas are slow to gain traction -- A change of ideology : but capital undermines Keynes -- Keynes versus "keynesianism" : liberalism resurrected -- Neoliberalism entrenched -- The 2008 financial crisis : a crisis of neoliberalism or just another financial crisis? -- Britain and the European Union -- Conclusions : when might the insecurity move again? -- References -- Index