Overselling Globalization: the Misleading Conflation of Economic
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Schumpeter's Theory of Economic Development
Journal of Insurance and Financial Management, Vol. 4, Issue 3 (2021) 65-81 Schumpeter’s Theory of Economic Development: A Study of the Creative Destruction and Entrepreneurship Effects on the Economic Growth Farrokh Emami Langroodi a,* a Goethe University Frankfurt, Graduate School of Economics, Finance, & Management (GSEFM), Department of Finance, Germany ARTICLE INFO ABSTRACT Article History This paper provides a multifaceted review and Submitted 11 Aug 2021 analysis of Schumpeter’s Theory of Economic Accepted 12 Aug 2021 Development and specifically the creative Available online 13 Aug 2021 destruction effect intertwined with the business JEL Classification cycles, and their effectiveness in explaining the A12 long-run economic growth by first, looking into the B13 main features of this theory; second, comparing the B31 fundamental similarities and differences of B52 Schumpeter theory with respect to Marxism and Keynesianism, third; a comparison of “Schumpeter” Keywords effect vs. the “refugee” effect in recently published Schumpeter Creative Destruction researches, and finally, the relationship of Capitalism Schumpeterian and Kirznerian opportunities in Kirznerian modern entrepreneurship. Marxism Keynesianism Journal of Insurance and Financial Management Economic Growth Business Cycle Entrepreneurship *Corresponding Author: [email protected] Author(s) retain copyright of the submitted paper (Please view the Copyright Notice of JIFM). This work is licensed under a Creative Commons Attribution 4.0 International License. Journal of Insurance and Financial Management (ISSN-Canada: 2371-2112) Emami Langroodi F. / Journal of Insurance and Financial Management, Vol. 4, Issue 3 (2021) 65-81 66 1. INTRODUCTION It is well known that Joseph Alois Schumpeter always explained that “analyzing business cycles means neither more nor less than analyzing the economic process of the capitalist era” (Schumpeter, 1939). -
Susan Strange and the Future of Global Political Economy
The State of Copyright Asymmetric Crisis in Europe and Susan Strange and the Future The Complex Relationships of Possible Futures Cultural Creation in a Globalized Critical Political Economy and of Global Political Economy World Post-Keynesian Perspectives Debora J Halbert Edited by Johanne5 Jfiger and Power, control and transformation Elisabeth Springier Transnational Financial Regulation after the Crisis Hybrid Rule and State Formation Edited by Tony Porter Public-Pri\ ate Power in the 21st Century Edited by Shelley L. Hurt and The Political Economy of Global Ronnie D. Lipschut::: Capitalism and Crisis Edited by Randall Germain Bill Dunn Global Economic Gowrnance and the Dewlopment Practices of the Global Capitalism l\Iultilateral Dewlopment Banks Selected Essays Edited b1· Susan Park and Jonathan R. Hugo Radice Strand Debtfare States and the Poverty Ethics and Economic Gowrnance Industry Using Adam Smith to Understand the Jvlone.y. Discipline and the Surplus Global Financial Crisis Chris Clarke Susan Strange and the Future of Currency Challenge Global Political Economy The Euro. the Dollar and the Global PO\Yer. Control and Transformation Financial Crisis Randall Germain Miguel Otero-Iglesias Culture, Political Economy and Fringe Finance Civilization in a Multipolar \Vorld Crossing and Contesting the Borders Order of Global Capital The Case of Russia Rob Aitken Rcn Sih·ius ~~ ~~o~~!:n~R~up LONDON AND NEW YORK 7 Money, power, authority Benjanzin J Cohen Introduction The financial crisis that engulfed the world economy in 2008 would not have surprised Susan Strange. Indeed, some would say that she predicted it in her last publications prior to her untimely death in 1998. -
SEWER SYNDICALISM: WORKER SELF- MANAGEMENT in PUBLIC SERVICES Eric M
\\jciprod01\productn\N\NVJ\14-2\NVJ208.txt unknown Seq: 1 30-APR-14 10:47 SEWER SYNDICALISM: WORKER SELF- MANAGEMENT IN PUBLIC SERVICES Eric M. Fink* Staat ist ein Verh¨altnis, ist eine Beziehung zwischen den Menschen, ist eine Art, wie die Menschen sich zu einander verhalten; und man zerst¨ort ihn, indem man andere Beziehungen eingeht, indem man sich anders zu einander verh¨alt.1 I. INTRODUCTION In the late nineteenth and early twentieth centuries, municipal govern- ments in various US cities assumed responsibility for utilities and other ser- vices that previously had been privately operated. In the late twentieth century, prompted by fiscal crisis and encouraged by neo-liberal ideology, governments embraced the concept of “privatization,” shifting management and control over public services2 to private entities. Despite disagreements over the merits of privatization, both proponents and opponents accept the premise of a fundamental distinction between the “public” and “private” sectors, and between “state” and “market” institutions. A more skeptical view questions the analytical soundness and practical signifi- cance of these dichotomies. In this view, “privatization” is best understood as a rhetorical strategy, part of a broader neo-liberal ideology that relies on putative antinomies of “public” v. “private” and “state” v. “market” to obscure and rein- force social and economic power relations. While “privatization” may be an ideological definition of the situation, for public service workers the difference between employment in the “public” and “private” sectors can be real in its consequences3 for job security, compensa- * Associate Professor of Law, Elon University School of Law, Greensboro, North Carolina. -
Saskia Sassen on Sociology, Globalization, and the Re-Shaping of the National
Theory Talks Presents THEORY TALK #43 SASKIA SASSEN ON SOCIOLOGY, GLOBALIZATION, AND THE RE-SHAPING OF THE NATIONAL Theory Talks is an interactive forum for discussion of debates in International Relations with an emphasis of the underlying theoretical issues. By frequently inviting cutting-edge specialists in the field to elucidate their work and to explain current developments both in IR theory and real-world politics, Theory Talks aims to offer both scholars and students a comprehensive view of the field and its most important protagonists. Citation: Schouten, P. (2011) ‘Theory Talk #43: Saskia Sassen on Sociology, Globalization, and the Re-shaping of the National’, Theory Talks, http://www.theory-talks.org/2011/09/theory-talk- 43.html (06-09-2011) WWW.THEORY-TALKS.ORG SASKIA SASSEN ON SOCIOLOGY, GLOBALIZATION, AND THE RE-SHAPING OF THE NATIONAL Globalization has been a key feature of contemporary IR, but nobody has challenged our understandings and misunderstandings of that contested concept as eloquently as sociologist Saskia Sassen has. For over twenty years, she has contributed to IR theorizing by vigorously arguing for a sociological view on the shifting relations between the national and the global. In this Talk, Sassen, amongst others, discusses global cities and the differences that sociological approaches to IR make, and elaborates on the constant and multiple re- articulations of the national and the global. What is, according to you, the biggest challenge / principal debate in current IR? What is your position or answer to this challenge / in this debate? Good question…but to answer it, I need to expand it to include much more than IR. -
Computers and Economic Democracy
Rev.econ.inst. vol.1 no.se Bogotá 2008 COMPUTERS AND ECONOMIC DEMOCRACY Computadores y democracia económica Allin Cottrell; Paul Cockshott Ph.D. in Economics, professor of Wake Forest University, Winston Salem, USA, [[email protected]]. Ph.D. in Computer Science, researcher of the Glasgow University, Glasgow, United Kingdom, [[email protected]].. The collapse of previously existing socialism was due to causes embedded in its economic mechanism, which are not inherent in all possible socialisms. The article argues that Marxist economic theory, in conjunction with information technology, provides the basis on which a viable socialist economic program can be advanced, and that the development of computer technology and the Internet makes economic planning possible. In addition, it argues that the socialist movement has never developed a correct constitutional program, and that modern technology opens up opportunities for democracy. Finally, it reviews the Austrian arguments against the possibility of socialist calculation in the light of modern computational capacity and the constraints of the Kyoto Protocol. [Keywords: socialist planning, economic calculation, environmental constraints; JEL: P21, P27, P28] El colapso del socialismo anteriormente existente obedeció a causas integradas en su mecanismo económico, que no son inherentes a todos los socialismos posibles. El artículo muestra que la teoría económica marxista, junto con la informática, proporciona el fundamento para adelantar un programa económico socialista viable y que el desarrollo de la informática y de Internet hace posible la planificación económica. Además, argumenta que el movimiento socialista nunca desarrolló un programa constitucional correcto y que la tecnología moderna abre nuevas oportunidades para la democracia. -
Scott Gehlbach
Scott Gehlbach University of Chicago https://scottgehlbach.net Department of Political Science [email protected] Harris School of Public Policy Twitter: @sgehlbach EDUCATION Ph.D. in Political Science and Economics, University of California{Berkeley, 2003 Mancur Olson Award for Best Dissertation in Field of Political Economy M.A. in Economics, University of California{Berkeley, 2000 M.A. in Political Science, University of California{Berkeley, 1998 M.B.A., University of Michigan, 1991, graduated with distinction B.S. in Agricultural Economics, University of Illinois, 1989, graduated summa cum laude PROFESSIONAL POSITIONS University of Chicago Professor, Department of Political Science and Harris School of Public Policy, 2019{ present Sciences Po Visiting Professor, Department of Economics, 2019{2020 University of Wisconsin{Madison Professor, Department of Political Science, 2011{2019 Director, Center for Russia, East Europe, and Central Asia, 2018{2019 Associate Chair, Department of Political Science, 2012{2015 Associate Professor, Department of Political Science, 2008{2011 Assistant Professor, Department of Political Science, 2003{2008 Harvard University Visiting Professor, Department of Government, 2012 Senior Fellow, Davis Center for Russian and Eurasian Studies, 2011{2012 International Center for the Study of Institutions and Development, Higher School of Economics, Moscow Senior Research Fellow, 2011{2014 Centre for Economic and Financial Research, New Economic School, Moscow Visiting Scholar, 2001{2003, 2007{2008 University of California{Berkeley Research Assistant, Survey Research Center, 1999{2001 Central European University, Prague and Budapest Research Associate, CEU Labor Project, 1995{1997 Stanford University Visiting Fellow, Center for International Security and Arms Control, 1996 Research Assistant, Center for International Security and Arms Control, 1996 1 Institute of Sociology, Academy of Sciences{Czech Republic Visiting Scholar, 1995{1996 Central Europe Institute, Prague Senior Consultant, 1994{1995 Office of Congressman Thomas W. -
A Critique of John Stuart Mill Chris Daly
Southern Illinois University Carbondale OpenSIUC Honors Theses University Honors Program 5-2002 The Boundaries of Liberalism in a Global Era: A Critique of John Stuart Mill Chris Daly Follow this and additional works at: http://opensiuc.lib.siu.edu/uhp_theses Recommended Citation Daly, Chris, "The Boundaries of Liberalism in a Global Era: A Critique of John Stuart Mill" (2002). Honors Theses. Paper 131. This Dissertation/Thesis is brought to you for free and open access by the University Honors Program at OpenSIUC. It has been accepted for inclusion in Honors Theses by an authorized administrator of OpenSIUC. For more information, please contact [email protected]. r The Boundaries of Liberalism in a Global Era: A Critique of John Stuart Mill Chris Daly May 8, 2002 r ABSTRACT The following study exanunes three works of John Stuart Mill, On Liberty, Utilitarianism, and Three Essays on Religion, and their subsequent effects on liberalism. Comparing the notion on individual freedom espoused in On Liberty to the notion of the social welfare in Utilitarianism, this analysis posits that it is impossible for a political philosophy to have two ultimate ends. Thus, Mill's liberalism is inherently flawed. As this philosophy was the foundation of Mill's progressive vision for humanity that he discusses in his Three Essays on Religion, this vision becomes paradoxical as well. Contending that the neo-liberalist global economic order is the contemporary parallel for Mill's religion of humanity, this work further demonstrates how these philosophical flaws have spread to infect the core of globalization in the 21 st century as well as their implications for future international relations. -
Social Entrepreneurship: the Rise of Alternative Economy
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 20, Issue 8. Ver. II (August. 2018), PP 12-16 www.iosrjournals.org Social Entrepreneurship: The Rise Of Alternative Economy Sadika LAMAALAM1, Kaoutar EL MENZHI2 and Nabil BENBRAHIM3 1 Phd Student, Mohammed V University Of Rabat, Faculty Of Law, Economics and Social Sciences-Souissi, Rabat, Morocco 2 Professor, Mohammed V University Of Rabat, Faculty Of Law, Economics and Social Sciences-Souissi, Rabat, Morocco 3 Phd Student, Mohammed V University Of Rabat, Faculty Of Educational Sciences, Rabat, Morocco Corresponding Author: Sadika LAMAALAM Abstract: The concept of social entrepreneurship has emerged gradually and has too often been presented and perceived as a discipline in itself. Also, this concept has a complex relationship with other discipline such as economy. Indeed, the social entrepreneurship is used to describe different organizations that have non- profitability aim and that reinvest a large part of their surpluses in support of their mission. The social entrepreneurship is increasingly being used to refers to the organizations that have entrepreneurial initiatives that serve a social and environmental mission such as the organizations of social and solidarity economy (OSSE) which is being used to designate the production of goods and services by a broad range of organizations that are distinguished from enterprise and informal economy. This organizations serves a collective aim and are guided by principles and practices of cooperation, solidarity, ethics and democratic self- management. The main purpose of this paper is to show the emergence of the territorial approach to development and the important role of social entrepreneurship (Social and Solidarity Economy (SSE)) in the Local Development. -
Social Alternatives
EDITORIAL COLLECTIVE Social Alternatives Bronwyn Stevens University of the Sunshine Coast Social Alternatives is an independent, quarterly refereed Clare Archer-Lean University of the Sunshine Coast journal which aims to promote public debate, commentary and Ella Jeffrey Queensland University of Technology dialogue about contemporary social, political, economic and Jennifer Mays Queensland University of Technology environmental issues. Julie Matthews University of Adelaide Ginna Brock University of the Sunshine Coast Social Alternatives analyses, critiques and reviews contemporary social issues and problems. The journal seeks Debra Livingston University of the Sunshine Coast to generate insight, knowledge and understanding of our Graham Maddox University of New England contemporary circumstances in order to determine local, Cassandra Star Flinders University national and global implications. We are committed to the George Morgan University of Western Sydney principles of social justice and to creating spaces of dialogue Hayley Baxter University of Queensland intended to stimulate social alternatives to current conditions. Helen McLaren Flinders University Social Alternatives values the capacity of intellectual and artistic endeavour to prompt imaginative solutions and Lee-Anne Bye University of the Sunshine Coast alternatives and publishes refereed articles, review essays, Christine Morley Queensland University of Technology commentaries and book reviews as well as short stories, Elizabeth Eddy poems, images and cartoons. ADVISORY BOARD The journal has grappled with matters of contemporary concern for four decades, publishing articles and themed Roland Bleiker University of Queensland issues on topics such as peace and conflict, racism, Verity Burgmann Monash University Indigenous rights, social justice, human rights, inequality and Parlo Singh Griffith University the environment. Please show your support by subscribing to Don Alexander University of Queensland the journal. -
Beck's Risk Society and Giddens' Search for Ontological Security: a Comparative Analysis Between the Anthroposophical Society and the Assemblies of God
Volume 15, Number 1 27 Beck's Risk Society and Giddens' Search for Ontological Security: A Comparative Analysis Between the Anthroposophical Society and the Assemblies of God Alphia Possamai-Inesedy University of Western Sydney There is a contention by social theorists such as Beck, Giddens, Bauman and Lash that contemporary Western society is in a transitional period in which risks have proliferated as an outcome of modernisation. In accordance with these changes individuals' sense ofselfhood have moved toward being more sensitive as to what they define as risks, such as threats to their health, as economic security or emotional wellbeing than they were in previous eras. Living in such a world can lead individuals to what Giddens would term ontological insecurity. Obsessive exaggeration of risks to personal existence, extreme introspection and moral vacuity are characteristics of the ontologically insecure individual. The opposite condition, ontological security, when achieved, leaves the individual with a sense of continuity and stability, which enables him or her to cope effectively with risk situations, personal tensions and anxiety. This emergent field of study in sociology has nevertheless poorly addressed religious issues; as if these social researchers have omitted parts of the religious aspects ofcontemporary society. This article attempts to fill this lacuna and explores the notion of risk society and ontological security with that of postmodern religion/spiritualities. Two case studies of the Anthroposophical society and Pentecostalism aid in this task. UlrichBeck(1992; 1994; 1995; 1996)andAnthonyGiddens(1990; 1991; 1994; 1999) while differing in their approaches, share similar concerns, foci and epistemological underpinnings in their work. -
Digging the Global Mine: an Interview with Saskia Sassen
03-rantanen 6/20/06 4:32 PM Page 142 INTERVIEW Digging the global mine An interview with Saskia Sassen I Terhi Rantanen Editor, Global Media and Communication and London School of Economics and Political Science, UK Ever since I started doing the interviews for Global Media and Communication I have wanted to interview female academics who have made a difference in their studies on global issues. As readers may have noticed, so far I haven’t had much success, since it is not only gender but also geography that matters for our journal. I have often met with an academic couple, and they clearly either inspire each other and/or work together, but female academics tend to decline to be interviewed with their spouses. When Saskia Sassen agreed to this interview I did not even try to include her husband, because I wanted to hear a solo female voice in this still very male academic world. Ironically, when I knock on Sassen’s door in London’s Clerkenwell in March 2005, it is her husband Richard Sennett1 who receives me in their beautiful loft apartment with modernist design and furniture. Sassen is still at work after having just come back from a week’s journey of visits to five countries. When she arrives she looks tired, but gives me 90 minutes of her precious time. Sassen says she does not mind travelling, since she is good at working on the plane. She then gently sends her husband to another room by saying that she does not want to appear sitting on his lap during the interview. -
Susan Strange—A Critical Appreciation
Review of International Studies (1999), 25, 531–535 Copyright © British International Studies Association Susan Strange—a critical appreciation CHRIS BROWN For a quarter of a century, Susan Strange—who died in October 1998—was the most influential figure in British international studies. While she held a number of key academic posts in Britain, Italy and Japan (including a ten-year stint as Montague Burton Professor of International Relations at LSE from 1978–88) and although she was a major figure in the professional associations of both Britain and the US (founder member and first Treasurer of BISA, President of ISA in 1995), it was predominantly as a creative scholar and a forceful personality that she exercised this influence. She was almost single-handedly responsible for creating ‘international political economy’ and turning it into one of the two or three central fields within international studies in Britain, and she defended her creation with such robustness, and made such strong claims on its behalf, that her influence was felt—albeit not always welcomed—in most other areas of the discipline. After taking a first in Economics at LSE in 1943, she spent most of the next twenty years raising six children and pursuing a career as a journalist, initially with the Economist and then with the Observer at first in Washington and at the UN, then in London as economics correspondent, meanwhile teaching off and on at University College London. Her years as a journalist were undoubtedly important, and the fact that she came to an academic life at a comparatively late age almost certainly contributed to her notorious unwillingness to be seduced by the joys of learning for learning’s sake and her ambivalent attitude to academic institutions, but it was during the years from 1965–76 when she was a full-time researcher at Chatham House that her project took shape.