Read an excerpt of this book! Add to Wishlist. USD Sign in to Purchase Instantly. Overview Contemporary social and cultural life is increasingly organised around a logic of self-transformation, where changing the body is seen as key. Table of Contents Acknowledgements. Average Review.
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Algorithmic Life: Calculative Devices in the Age of. This book critically explores forms and techniques of calculation that emerge with digital computation, and This book critically explores forms and techniques of calculation that emerge with digital computation, and their implications. The contributors demonstrate that digital calculative devices matter beyond their specific functions as they progressively shape, transform and govern all areas of our View Product.
International Library of Sociology
Aphasia in Atypical Populations. Bilingual individuals, ideographical code users, and children among others have been separated out. This book examines the available data from Choosing the Future. Strategy requires an ability to conceive the future, see and create possibilities, and focus to Secondly, all analyses have to be simultaneously historic and systemic, if they aspire to grapple seriously with the explanation of the reality and social changes. Especially, though unsurprisingly, such an analytical break was largely misunderstood in the US academia.
In retrospect, they became his scholarly trademark and have had the greatest impact. And neither can we separate these from each other. We can only struggle uneasily with both challenges simultaneously, and push forward as best we can. Or it may not. I have indicated in the past that I thought the crucial struggle was a class struggle, using class in a very broadly defined sense. What those who will be alive in the future can do is to struggle with themselves so this change may be a real one.
Recommended reading: — Wallerstein, I. The Essential Wallerstein. The New Press!! World-systems Analysis: An Introduction. Duke University — Wallerstein, I.
Transforming Images: Screens, Affect, Futures by Rebecca Coleman
Verso — Wallerstein, I. The New Press. Missing from economics departments: Women. Missing from economics conferences: Women. Missing from economics references: Women. On the brink of , New York Magazine devoted an issue to a look at the year This shrewd quote tackles the big, national and global, events of that period. Well, times and protagonists have changed since then, but you remember what Hegel said about what we learn from history.
Miller, Arthur. Neoliberalism is often associated with an excessive focus on the market at the expense of both the state and society.
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But more than some of his liberal friends he was convinced that a crisis as severe as the Great Depression required the state to support the natural correction process, as three chapters in the volume demonstrate, in particular the one by Lachezar Grudev. The problem was not economic, it was far deeper, and it touched the organization of the state, the fabric of society and ultimately liberal and humanist culture. It is clear that many of the current discontents of our day are not simply economic, but extend to social issues immigration and free speech as well as the state the future of the EU and the rise of populism on the left and right.
But the strength of his work is precisely to be found in this integrative approach. It seems that none of the nineteen contributors to this book agrees wholeheartedly with his analysis or suggested cures, but it is the questions he raises, and the challenges he presents that make him relevant. He was skeptical that liberal institutions had much of a chance in the absence of bourgeois and Christian culture, or a social order that fostered personal responsibility and autonomy.
It was an unpopular argument in a secularizing society looking to free itself from many traditional institutions and norms, and one that does not sit easily with a liberal universalism. But it is also a point that is hard to ignore after failed Western attempts to spread democracy and markets both in post-Communist countries and other parts of the world. It is the ethic of personal responsibility, of thrift and prudence, of self-discipline supported by the small business family capitalism. This, however, was not the capitalism of the twentieth century with its major hierarchical firms, the technological advancement and its culture of consumerism.
Instead, as his close associate Hayek later would theorize, modern man lives very much in two different worlds: the small world of the family and the open society of the market and politics. This makes him an interesting critic of his times with a sharp eye for the corrupting influence of mass movements and for the importance of civil society. He had sympathies for both European political integration and a high degree of federalism. It makes him an original critic of monopolies: they are bad not only because they harm consumers, but also because they represent an unhealthy degree of concentration in the economy, with harmful social and cultural effects.
He favored the small firm, exemplified by the independent farmer and artisan. It was an economic structure which he found in Switzerland, where he lived the latter half of his life, from to his passing in After all they were far more willing to accept interventions for social purposes, to combat unemployment for example.
But this volume demonstrates the extent to which that interpretation relies on a single analytical axis that ranges from radical non-interventionism to centralized control. It is the purely economic lens through which to analyze the state. His social program does not follow primarily from economic arguments, but instead from social ones. Such social reasons could be progressive, i. Some of the early neoliberals were more progressive and therefore more willing to allow for states to step in to secure individual autonomy, others were more conservative and therefore more willing to allow for states to step in to maintain existing social structures.
For both conservatives and progressives in favor of social policies the idea that some efficiency has to be sacrificed for other goals is a given, not a counter-argument to state intervention. To understand his work therefore, we have to understand what other values were important enough to sacrifice some economic efficiency and possibly economic freedoms. These are issues that the book grapples with, although occasionally one would have wished they were addressed more directly. Just like in his arguments against monopolies we encountered above, it is the social and cultural that take precedent not the economic.
Both men sought to prevent the advent of socialism, through the revision of the role of the state in society. And, more importantly, both believed that social order required state policies that supported this social order. One might fault him for it, but I think it makes him into a deeper thinker than some of his neoliberal contemporaries. What is the social order that fosters individual responsibility, as well as a strong civil society able to resist centralizing tendencies in the state?
If we regard this question as the most fundamental, then we should ask of economic policies to what extent they sustain and foster this particular social order. Although the book contains little explicit engagement with contemporary issues, it is not hard to realize that this challenge too is still with us: local, regional and national identities and variations in economic structures have proven incredibly resistant to the homogenizing forces of markets, and often a powerful opponent of them.
Current anti-globalist and anti-EU sentiments stem to a considerable extent from the fact that global markets are believed to endanger these identities and structures. Not because the book manages to resolve the tensions, but because it takes them seriously. He is also assistant professor in cultural economics at the Erasmus School of History, Culture and Communication.
How can we understand the growth of a system of credit provisioning outside of the realm of bank regulation since the s which linked non-banks and banks in a convoluted system of market-based banking, securitization and wholesale finance which burst into the public consciousness with the crisis as the shadow banking system? While we can observe this general trend, why do we see differences in this trend fractured according to different national legal and supervisory traditions?
My recent book The Growth of Shadow Banking: A Comparative Institutional Analysis Cambridge University Press, aims to provide answers to these questions by exploiting the variance in the exposure of banking systems around the world with respect to shadow banking, using in-depth process tracing and focusing on the US, the country where modern shadow banking originated, Germany and the Netherlands as countries with high exposure, and France as a country with low exposure, despite common EU regulation.
The book is based on more than 80 expert interviews with banking regulators, bankers, auditors and accounting scholars in these 4 countries. The book seeks to explain these divergent trends without falling into the traps of a literature that explains these issues by regulatory or cognitive capture. Not because these issues did not play a role, but because these theories employ a view of the agency of regulators which is too simplistic at best. Instead of treating regulators as either bought or dopes, I seek to place the decisions of banking regulators to not regulate these off-balance sheet activities of banks, on the one hand, into their structural context, both on the national and the transnational level and, on the other hand, to their embeddedness in the regulatory networks that determine the compliance with national banking regulation.
Instead, I link its growth to the particular structural situation in which banking regulators found themselves, where regulatory competition with non-banks domestically and banks from other jurisdictions globally structured their behavior, as they formed a dialectical unity with the regulated, sharing common interests at the same time.
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The book first traces the growth of shadow banking to the rising competition between banks and capital market activities since the s in the United States , which threatened the disintermediation of banks and the impossibility of the Fed to prudentially intervene in the behavior of non-bank actors. Being thus constrained, they instead sought to facilitate the capital market activities of their banks from the s onwards. Focusing on the Asset-Backed Commercial Paper market, I show however that this support was not unconditional and that it was subject to persistent reviews over what was and what was not allowed.
This critical stance of the Fed, which in turn provoked industry innovations, came to a halt with the shift from Paul Volcker as the chair of the Fed, who had become increasingly critical of these activities, to Alan Greenspan, who was largely hands-off. Evidence drawn from interviews with the Fed officials shows how the Fed itself was internally riven between those who wanted to clamp down on these activities and force them back into the balance sheets of banks and those favouring a hands-off approach.
Interestingly, this conflict would come to the fore again with Enron scandal in and would be resolved through the anticipated introduction of rules envisioned in Basel II in the US.
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And here is the second element I point out in the book: the attempt to pry open the global banking market, in full swing since the s leads to a difficult position for national banking regulators. Since the first Basel Accord in , banking regulators as an epistemic community have sought to level the playing field by introducing transnational rules which could and should be implemented nationally. And yet, here is the paradox: as global rules establish a level playing field, they put a disadvantage on the national re-regulation of activities that are designed by legal engineers to circumvent these global rules.
The normal delays between innovation and re-regulation are expanded on the global level from Basel I to Basel II it took 15 years to agreement and implementation and national re-regulation in the meantime is disadvantaged due to the competitive disadvantages that national banks face in a global market for banking activities when their rules are stricter than those of their competitors. Catharines, a piecework seamstress working from her home in Mumbai, and a street tortilla vendor in Mexico City have in common? They are all members of the underground economy , a loosely defined unregulated market unhindered by taxes, government permits, or human protections.
Official statistics before the worldwide recession posit that the underground economy accounted for over 50 percent of non-agricultural work in Latin America; the figure went as high as 80 percent in parts of Asia and Africa Chen A recent article in the Wall Street Journal discusses the challenges, parameters, and surprising benefits of this informal marketplace.