He shows the continuities between the positive contributions of the classical economists and the Austrian's in contrast to the neoclassical conceptions of man, the market economy and theory-formation for policy applications. Particular emphasis is given to the Austrian view of the human actor as creative innovator and planner who changes his world to improve his circumstances in comparison to the neoclassical idea of man as a passive economizer within given constraints. The Austrian approach is applied to the problems of the regulated economy, socialist central planning, the welfare state, monetary policy, international trade, and the hundred-year conflict between classical liberalism and collectivism.
This book offers a political economy analysis of the development and degradation of freedom of the press in Taiwan since 1949, exploring how state-business elites and foreign hegemons interacted to shape the evolution of Taiwan’s media. It examines why freedoms increased alongside democratization in the 1990s but deteriorated after the second peaceful turnover of power in 2008 and why significant improvements accompanied Taiwan’s close economic connections with the US during the Cold War, only to become eroded as the country developed deeper economic ties with China in the 21st century. Presenting both a domestic and international perspective, this study of the controversial case of Taiwan ultimately argues in favor of three factors. First, state power is not the only threat to press freedom, as corporate organizations and market forces may also play a role in curtailing it. Second, cross-national economic connections do not always improve human and civil rights but may cause damage when they involve more powerful authoritarian countries. Third, just as norms diffuse from liberal contexts to repressive states, repressive norms are also likely to diffuse from powerful authoritarian countries to more liberal but politically and economically weaker ones. Providing a new viewpoint on China’s media control overseas, The Political Economy of Press Freedom will be useful for students and scholars of Chinese Studies and Taiwan Studies as well as comparative politics, international relations and Media Studies.
Modern life places a special emphasis on private affairs. Social institutions, and especially our economies, have been organized to facilitate the pursuit of private interests. At the center of this private world is a system of private property which, more than anything, satisfies our wants. Political economy studies the properties of this private world: How does it work, and how well does it satisfy our wants? What are the limits of the world of private affairs? Wealth and Freedom provides an introduction to political economy for the student or other interested nonspecialist. The book explores such key issues as the place of our economy in the larger social system, the importance of market institutions for individual autonomy, private enterprise as a system of economic development, poverty and inequality in market economies, global inequality, and the limits of the market and the role of government. Wealth and Freedom is distinctive in employing a rights-based approach to understanding and evaluating economic institutions. The author emphasizes the distinction between needs and wants as the basis for establishing the limits of the market, and concludes the book with a discussion of the relation between private wants and public ends.
No matter how many resources we consume we never seem to have enough. The Economics of Abundance is a balanced book in which Wolfgang Hoeschele challenges why this is so. He claims that our current capitalist economy can exist only on the basis of manufactured scarcity created by 'scarcity-generating institutions', and these institutions manipulate both demand and supply of commodities. Therefore demand consistently exceeds supply, and profits and economic growth can continue - at the cost of individual freedom, social equity, and ecological sustainability. The fact that continual increases in demand are so vital to our economy leads to an impasse: many people see no alternative to the generation of ever more demand, but at the same time recognize that it is clearly unsustainable ecologically and socially. So, can demand only be reduced by curtailing freedom and is this acceptable? This book argues that, by analyzing how scarcity-generating institutions work and then reforming or dismantling them, we can enhance individual freedom and support entrepreneurial initiative, and at the same time make progress toward social justice and environmental sustainability by reducing demands on vital resources. This vision would enable activists in many fields (social justice, civil liberties, and environmental protection), as well as many entrepreneurs and other members of civil society to work together much more effectively, make it more difficult to portray all these groups as contradictory special interests, and thereby help generate momentum for positive change. Meanwhile, for academics in many fields of study, the concept of the creation of scarcity or abundance may be a highly useful analytical tool.
Historians have long treated Reconstruction primarily as a southern concern isolated from broader national political developments. Yet at its core, Reconstruction was a battle for the legacy of the Civil War that would determine the political fate not only of the South but of the nation. In Gold and Freedom, Nicolas Barreyre recovers the story of how economic issues became central to American politics after the war. The idea that a financial debate was as important for Reconstruction as emancipation may seem remarkable, but the war created economic issues that all Americans, not just southerners, had to grapple with, including a huge debt, an inconvertible paper currency, high taxation, and tariffs. Alongside the key issues of race and citizenship, the struggle with the new economic model and the type of society it created pervaded the entire country. Both were legacies of war. Both were fought over by the same citizens in a newly reunited nation. It was thus impossible for such closely related debates to proceed independently. A truly groundbreaking work, Gold and Freedom shows how much the fate of Reconstruction—and the political world it ultimately created—owed to northern sectional divisions, revealing important links between race and economy, as well as region and nation, not previously recognized.
These thirty-three essays, many of them previously unpublished, illustrate the broad range of Warren Nutter's thought. There are essays on the Soviet economy and international relations as well as essays exploring the economic institutions that support a society of free people. One finds in these essays a man of intellect and judgment ever ready to look at the evidence and ever willing to admit imperfections of even the best human institutions. He defends capitalism not because it is perfect but because for this imperfect world it is superior to the attainable alternatives. G. Warren Nutter (1923-1979) taught economics at the University of Virginia. Paul Craig Roberts is a distinguished fellow at the Cato Institute.
First published in 1998, this volume examines the ‘economic miracle’ of Taiwan’s remarkable transition from poverty to one of the world’s most affluent economies, ten years after its emergence from martial law. Gerald A. McBeath explores Taiwan from its time as a country barely recovered from Japanese occupation and wartime damage to a nation filled with new office buildings and skyscrapers where few think twice about frequenting expensive restaurants. Beginning with the State of Taiwan between 1945 and 1986, McBeath progresses through the transformation of the Party-State, the changing status of economic interests, policy-making in the democratic era and Taiwan’s internationalisation campaigns.
Freedom in Contention examines the workings and impacts of social movements, using the conceptual and analytical tools of liberal political economy. This important book will appeal to political economists, sociologists, philosophers, historians, and other researchers interested in social movements as forces for societal change.
Post-conflict reconstruction is one of the most pressing political issues today. This book uses economics to analyze critically the incentives and constraints faced by various actors involved in reconstruction efforts. Through this analysis, the book will aid in understanding why some reconstructions are more successful than others.
