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The Limits of Fiscal Policy
by Anthony J. MakinThis book presents alternative macroeconomic perspectives, primarily open economy, on the limitations of discretionary fiscal policy, with a focus on government spending. Following an overview on the post-crisis Keynesian revival and of the macro-foundations needed for subsequent analysis, different perspectives are expounded that highlight the failings of fiscal activism. These perspectives include extended loanable funds analysis, an expenditure-output related model incorporating money and exchange rates, and a dependent economy framework. The approaches are used to examine investment and net export crowding out effects and their implications for national income, and are then adapted to show the macroeconomic impact of different fiscal consolidation measures, revealing that the nature of fiscal repair is critical. A concluding chapter evaluates the nexus between budgetary policy and confidence, summarises the key failings of fiscal activism, and suggests fiscal policy goals. The book will appeal to university lecturers and researchers in macroeconomics and economists working in government and the private sector.
The Limits of Fiscal Policy
by Anthony J. MakinThis book presents alternative macroeconomic perspectives, primarily open economy, on the limitations of discretionary fiscal policy, with a focus on government spending. Following an overview on the post-crisis Keynesian revival and of the macro-foundations needed for subsequent analysis, different perspectives are expounded that highlight the failings of fiscal activism. These perspectives include extended loanable funds analysis, an expenditure-output related model incorporating money and exchange rates, and a dependent economy framework. The approaches are used to examine investment and net export crowding out effects and their implications for national income, and are then adapted to show the macroeconomic impact of different fiscal consolidation measures, revealing that the nature of fiscal repair is critical. A concluding chapter evaluates the nexus between budgetary policy and confidence, summarises the key failings of fiscal activism, and suggests fiscal policy goals. The book will appeal to university lecturers and researchers in macroeconomics and economists working in government and the private sector.
The Limits of Idealism: When Good Intentions Go Bad (Clinical Sociology: Research and Practice)
by Melvyn L. FeinIf the truth be known, I am only a partially reformed idealist. In the secret depths of my soul, I still wish to make the world a better place and sometimes fantasize about heroically eradicating its faults. When I encounter its limitations, it is consequently with deep regret and continued surprise. How, I ask myself, is it possible that that which seems so fight can be a chimera? And why, I wonder, aren't people as courageous, smart, or nice as I would like? The pain of realizing these things is sometimes so intense that I want to close my eyes and lose myself in the kinds of daydreams that comforted me as a youngster. One thing is clear, my need to come to grips with my idealism had its origin in a lifetime of naivet6. From the beginning, I wanted to be a "good" person. Often when life was most treacherous, I retreated into a comer from whence I escaped into reveries of moral glory. When I was very young, my faith was in religion. In Hebrew school, I took my lessons seriously and tried to apply them at home. By my teen years, this had been replaced by an allegiance to socialism. In the Brooklyn where I grew up, my teachers and relatives made this seem the natural course. When I reached my twenties, however, and was obliged to confront a series of personal deficiencies, psychotherapy shouldered its way to the fore.
The Limits of Liberty: Between Anarchy and Leviathan (The\collected Works Of James M. Buchanan Ser. #Vol. 7)
by James M. Buchanan"The Limits of Liberty is concerned mainly with two topics. One is an attempt to construct a new contractarian theory of the state, and the other deals with its legitimate limits. The latter is a matter of great practical importance and is of no small significance from the standpoint of political philosophy."—Scott Gordon, Journal of Political Economy James Buchanan offers a strikingly innovative approach to a pervasive problem of social philosophy. The problem is one of the classic paradoxes concerning man's freedom in society: in order to protect individual freedom, the state must restrict each person's right to act. Employing the techniques of modern economic analysis, Professor Buchanan reveals the conceptual basis of an individual's social rights by examining the evolution and development of these rights out of presocial conditions.
The Limits of Organizational Change
by Herbert KaufmanThe environment of modern organizations is so complex and volatile that we take for granted that organizational change is necessary for organizational survival. Yet the literature on organizations has for years described manifold obstacles to such change. First published in 1971, this book extracts from that literature and from experience a comprehensive yet concise overview of those barriers. Because these elements of the analysis are as valid now as when they were originally written, The Limits of Organizational Change is still widely read and cited nearly a quarter-century later.From the premises of this argument, Kaufman drew a number of conclusions about organizational survival and extinction, age and size, centralization and decentralization, and organizational evolution. Subsequent research and reflection induced him to refine and modify some of those inferences. The modifications are spelled out in a new preface that gives fresh relevance to his findings and his conjectures.Yet The Limits of Organizational Change is not a ponderous, labored work. As one reviewer remarked, it is "a delightful set of essays . . . a review of empirical research in a witty, conversational style. . . ." (The Rocky Mountain Social Science Journal). It is a book one can enjoy as well as profit from, and will be a useful tool for managers, organizational studies scholars, and sociologists.
The Limits of Organizational Change
by Herbert KaufmanThe environment of modern organizations is so complex and volatile that we take for granted that organizational change is necessary for organizational survival. Yet the literature on organizations has for years described manifold obstacles to such change. First published in 1971, this book extracts from that literature and from experience a comprehensive yet concise overview of those barriers. Because these elements of the analysis are as valid now as when they were originally written, The Limits of Organizational Change is still widely read and cited nearly a quarter-century later.From the premises of this argument, Kaufman drew a number of conclusions about organizational survival and extinction, age and size, centralization and decentralization, and organizational evolution. Subsequent research and reflection induced him to refine and modify some of those inferences. The modifications are spelled out in a new preface that gives fresh relevance to his findings and his conjectures.Yet The Limits of Organizational Change is not a ponderous, labored work. As one reviewer remarked, it is "a delightful set of essays . . . a review of empirical research in a witty, conversational style. . . ." (The Rocky Mountain Social Science Journal). It is a book one can enjoy as well as profit from, and will be a useful tool for managers, organizational studies scholars, and sociologists.
Limits of Patentability: Plant Sciences, Stem Cells and Nucleic Acids (SpringerBriefs in Biotech Patents)
by Andreas Hübel Ulrich Storz Aloys HüttermannSpringerBriefs in Biotech Patents presents timely reports on intellectual properties (IP) issues and patent aspects in the field of biotechnology. In this volume the limits of patentability are addressed, a question that is often raised when it comes to biotechnological inventions: The first section addresses current issues in the patentability of plants produced by essentially biological processes including the controversy between farmer’s privilege and patent exhaustion with respect to seeds in the US. The second section examines the patentability of human embryonic stem cells in Europe and the US, also considering alternative technologies with respect to their practicability and patentability. The third section focuses on the patentability of genes and nucleic acids, especially the issue of patenting of encoding genes and nucleic acids.
Limits of Predictability (Springer Series in Synergetics #60)
by Yurii A. KravtsovOne of the driving forces behind much of modern science and technology is the desire to foresee and thereby control the future. In recent years, however, it has become clear that, even in a deterministic world, there is alimit to the accuracy with which we can predict the future. This book details, in a largely nontechnical style, the extent to which we can predict the future development of various physical, biological and socio-economic processes.
The Limits of Public Choice: A Sociological Critique of the Economic Theory of Politics
by Lars UdehnPublic choice has been one of the most important developments in the social sciences in the last twenty years. However there are many people who are frustrated by the uncritical importing of ideas from economics into political science. Public Choice uses both empirical evidence and theoretical analysis to argue that the economic theory of politics is limited in scope and fertility. In order to arrive at a more comprehensive understanding of political life, political scientists must learn from both economists and sociologists.
The Limits of Public Choice: A Sociological Critique of the Economic Theory of Politics
by Lars UdehnPublic choice has been one of the most important developments in the social sciences in the last twenty years. However there are many people who are frustrated by the uncritical importing of ideas from economics into political science. Public Choice uses both empirical evidence and theoretical analysis to argue that the economic theory of politics is limited in scope and fertility. In order to arrive at a more comprehensive understanding of political life, political scientists must learn from both economists and sociologists.
The Limits of State Autonomy: Post-Revolutionary Mexico
by Nora HamiltonIn a historical treatment of Mexico beginning with the pre-Revolutionary period and focusing on the administration of Lazaro Cardenas (1934-1940), Nora Hamilton explores the possibilities and limits of reform in a capitalist society.Originally published in 1982.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
The Limits of Surveillance and Financial Market Failure: Lessons from the Euro-Area Crisis
by Kumiharu ShigeharaThis book examines the effectiveness of surveillance by international institutions for financial crisis prevention. It discusses issues relating to designing effective micro- and macro-prudential policies, their mixes and their coordination with monetary policies for achieving financial stability while promoting better macroeconomic performance.
The Limits of the Digital Revolution: How Mass Media Culture Endures in a Social Media World
by Derek HrynyshynThis academic analysis explores social media, specifically examining its influence on the cultural, political, and economic organization of our society and the role capitalism plays within its domain.In this examination of society and technology, author and educator Derek Hrynyshyn explores the ways in which social media shapes popular culture and how social power is expressed within it. He debunks the misperception of the medium as a social equalizer—a theory drawn from the fact that content is created by its users—and compares it to mass media, identifying the capitalist-driven mechanisms that drive both social media and mass media. The work captures his assessment that social media legitimizes the inequities among the social classes rather than challenging them.The book scrutinizes the difference between social media and mass media, the relationship between technologies and social change, and the role of popular culture in the structure of political and economic power. A careful look at social media networks such as Facebook, Twitter, and Google suggests that these tools are systems of surveillance, monitoring everyday activities for the benefit of advertisers and the networks themselves. Topics covered within the book's 10 detailed chapters include privacy online, freedom of expression, piracy, the digital divide, fragmentation, and social cohesion.
The Limits of the Digital Revolution: How Mass Media Culture Endures in a Social Media World
by Derek HrynyshynThis academic analysis explores social media, specifically examining its influence on the cultural, political, and economic organization of our society and the role capitalism plays within its domain.In this examination of society and technology, author and educator Derek Hrynyshyn explores the ways in which social media shapes popular culture and how social power is expressed within it. He debunks the misperception of the medium as a social equalizer—a theory drawn from the fact that content is created by its users—and compares it to mass media, identifying the capitalist-driven mechanisms that drive both social media and mass media. The work captures his assessment that social media legitimizes the inequities among the social classes rather than challenging them.The book scrutinizes the difference between social media and mass media, the relationship between technologies and social change, and the role of popular culture in the structure of political and economic power. A careful look at social media networks such as Facebook, Twitter, and Google suggests that these tools are systems of surveillance, monitoring everyday activities for the benefit of advertisers and the networks themselves. Topics covered within the book's 10 detailed chapters include privacy online, freedom of expression, piracy, the digital divide, fragmentation, and social cohesion.
The Limits of the Green Economy: From re-inventing capitalism to re-politicising the present (Routledge Studies in Environmental Policy)
by Anneleen Kenis Matthias LievensProjecting win-win situations, new economic opportunities, green growth and innovative partnerships, the green economy discourse has quickly gained centre stage in international environmental governance and policymaking. Its underlying message is attractive and optimistic: if the market can become the tool for tackling climate change and other major ecological crises, the fight against these crises can also be the royal road to solving the problems of the market. But how ‘green’ is the green economy? And how social or democratic can it be? This book examines how the emergence of this new discourse has fundamentally modified the terms of the environmental debate. Interpreting the rise of green economy discourse as an attempt to re-invent capitalism, it unravels the different dimensions of the green economy and its limits: from pricing carbon to emissions trading, from sustainable consumption to technological innovation. The book uses the innovative concept of post-politics to provide a critical perspective on the way green economy discourse represents nature and society (and their interaction) and forecloses the imagination of alternative socio-ecological possibilities. As a way of repoliticising the debate, the book advocates the construction of new political faultlines based on the demands for climate justice and democratic commons. This book will be of interest to students and scholars of environmental politics, political ecology, human geography, human ecology, political theory, philosophy and political economy. Includes a foreword written by Erik Swyngedouw (Professor of Geography, Manchester University).
The Limits of the Green Economy: From re-inventing capitalism to re-politicising the present (Routledge Studies in Environmental Policy)
by Anneleen Kenis Matthias LievensProjecting win-win situations, new economic opportunities, green growth and innovative partnerships, the green economy discourse has quickly gained centre stage in international environmental governance and policymaking. Its underlying message is attractive and optimistic: if the market can become the tool for tackling climate change and other major ecological crises, the fight against these crises can also be the royal road to solving the problems of the market. But how ‘green’ is the green economy? And how social or democratic can it be? This book examines how the emergence of this new discourse has fundamentally modified the terms of the environmental debate. Interpreting the rise of green economy discourse as an attempt to re-invent capitalism, it unravels the different dimensions of the green economy and its limits: from pricing carbon to emissions trading, from sustainable consumption to technological innovation. The book uses the innovative concept of post-politics to provide a critical perspective on the way green economy discourse represents nature and society (and their interaction) and forecloses the imagination of alternative socio-ecological possibilities. As a way of repoliticising the debate, the book advocates the construction of new political faultlines based on the demands for climate justice and democratic commons. This book will be of interest to students and scholars of environmental politics, political ecology, human geography, human ecology, political theory, philosophy and political economy. Includes a foreword written by Erik Swyngedouw (Professor of Geography, Manchester University).
The Limits of the Market: The Pendulum Between Government and Market
by Paul De GrauweThe old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?
The Limits of the Market: The Pendulum Between Government and Market
by Paul De GrauweThe old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?
The Limits to Capital in Spain: Crisis and Revolt in the European South (International Political Economy Series)
by G. Charnock T. Purcell R. Ribera-FumazSpain is at the epicentre of a crisis that threatens the future of the Eurozone. This book explains the deep historical and structural roots of the current crisis in Spain. It analyses the nexus between European circuits of financial capital, urbanisation, and the emergent dynamics of state austerity and popular revolt.
The Limits To Capital In Spain: Crisis And Revolt In The European South (International Political Economy Ser. (PDF))
by Greig Charnock Thomas Purcell Ramon Ribera-FumazSpain is at the epicentre of a crisis that threatens the future of the Eurozone. This book explains the deep historical and structural roots of the current crisis in Spain. It analyses the nexus between European circuits of financial capital, urbanisation, and the emergent dynamics of state austerity and popular revolt.
The Limits to Certainty (International Studies in the Service Economy #4)
by O. Giarini W.R. StahelI consider it a privilege to have been invited to write a preface for "The Limits to Certainty". It is however paradoxical that a theo retical physicist be asked to write about a monograph dealing mainly with service economics. Notwithstanding, I am delighted to do so. Indeed, it is striking that two so widely different fields like physics and social science, and more especially economics, can interact in such a constructive way. There is no question here of reductionism. Nobody claims to be able to reduce social scien ces to physics, nor to use patterns of social interaction in order to formulate new laws for atoms. What is at stake here is more im portant than reduction; the age-old separation between the so-cal led "hard" and "soft sciences" is breaking down. This separation has a long history. First, one should recall the influence of Newton's achievement on the formulation of scienti fic goals. This influence led to the formulation of equilibrium mo dels for supply/demand adjustment. As was noticed by Walter Weisskopf: "the Newtonian paradigm underlying classical and non-classical economics interpreted the economy according to the patterns developed in classical physics and mechanics, in analogy to the planetary system, to a machine or clockwork: a closed auto nomous system ruled by endogenous factors of a highly selective nature, self-regulating and moving to a determinate, predictable point of equilibrium" (The Geneva Papers on Risk and Insurance (1984), Vol. 9, no. 33, pp. 335-360).
Limits to Climate Change Adaptation (Climate Change Management)
by Walter Leal Filho Johanna NalauThis book sheds new light on the limits of adaptation to anthropogenic climate change. The respective chapters demonstrate the variety of and interconnections between factors that together constitute the constraints on adaptation. The book pays special attention to evidence that illustrates how and where such limits have become apparent or are in the process of establishing themselves, and which indicates future trends and contexts that might prove helpful in understanding adaptation limits. In particular, the book provides an overview of the most important challenges and opportunities regarding adaptation limits at different temporal, jurisdictional, and spatial scales, while also highlighting case studies, projects and best practices that show how they may be addressed. The book presents innovative multi-disciplinary research and gathers evidence from various countries, sectors and regions, the goal being to advance our understanding of the limits to adaptation and ways to overcome or modify them.
Limits to Globalization: The Disruptive Geographies of Capitalist Development
by Eric SheppardThis book summarizes how globalizing capitalism-the economic system now presumed to dominate the global economy-can be understood from a geographical perspective. This is in contrast to mainstream economic analysis, which theorizes globalizing capitalism as a system that is capable of enabling everyone to prosper and every place to achieve economic development. From this perspective, the globalizing capitalism perspective has the capacity to reduce poverty. Poverty's persistence is explained in terms of the dysfunctional attributes of poor people and places. A geographical perspective has two principal aspects: Taking seriously how the spatial organization of capitalism is altered by economic processes and the reciprocal effects of that spatial arrangement on economic development, and examining how economic processes co-evolve with cultural, political, and biophysical processes. From this, globalizing capitalism tends to reproduce social and spatial inequality; poverty's persistence is due to the ways in which wealth creation in some places results in impoverishment elsewhere.
Limits to Growth: The 30-Year Update
by Donella Meadows Jorgen Randers Dennis MeadowsIn 1972, three scientists from MIT created a computer model that analyzed global resource consumption and production. Their results shocked the world and created stirring conversation about global 'overshoot,' or resource use beyond the carrying capacity of the planet. Now, preeminent environmental scientists Donnella Meadows, Jorgen Randers, and Dennis Meadows have teamed up again to update and expand their original findings in The Limits to Growth: The 30 Year Global Update. Meadows, Randers, and Meadows are international environmental leaders recognized for their groundbreaking research into early signs of wear on the planet. Citing climate change as the most tangible example of our current overshoot, the scientists now provide us with an updated scenario and a plan to reduce our needs to meet the carrying capacity of the planet. Over the past three decades, population growth and global warming have forged on with a striking semblance to the scenarios laid out by the World3 computer model in the original Limits to Growth. While Meadows, Randers, and Meadows do not make a practice of predicting future environmental degradation, they offer an analysis of present and future trends in resource use, and assess a variety of possible outcomes. In many ways, the message contained in Limits to Growth: The 30-Year Update is a warning. Overshoot cannot be sustained without collapse. But, as the authors are careful to point out, there is reason to believe that humanity can still reverse some of its damage to Earth if it takes appropriate measures to reduce inefficiency and waste. Written in refreshingly accessible prose, Limits to Growth: The 30-Year Update is a long anticipated revival of some of the original voices in the growing chorus of sustainability. Limits to Growth: The 30 Year Update is a work of stunning intelligence that will expose for humanity the hazy but critical line between human growth and human development.