Investigating the ways development strategies have affected traditional cultural values and social practices, this scholarly and imaginative collection of essays critically examines the role of Western technology in development. The contributors include S. Marglin, A. Appadurai, A. Nandy, S. Viswanathan, F. Apffel Marglin, and T. Banuri.
Keynes's General Theory has been misunderstood as relying on frictions to justify the need for the visible hand of government to complement the invisible hand of the market. Fleshing out the GT with tools not available to Keynes, Marglin exposes the fundamental failure of markets to self-regulate and draws lessons for fiscal and monetary policies.
The period after World War Two, with its sustained growth and high employment rate, has been referred to as the "golden age" of capitalism. Blending historical analysis with economic theory, this work presents essays that scrutinize the institutions that fostered this growth and highemployment as well as the forces which later undermined the effectiveness of these institutions in the 1960s and 70s. The authors discuss the evolution of the hist...
Insurance may be an efficient way of organizing resources, but the deep social and human ties that constitute community are weakened by the shift from reciprocity to market relations. This book dissects the ways in which foundational assumptions of economics justify a world in which social connections are impoverished.
