By Costas Lapavitsas
The place does the facility of cash come from? Why is belief so very important in monetary operations? How does the swapping of presents fluctuate from the trade of commodities? the place does self-interest cease and communal cohesion begin in capitalist economies?
These matters and plenty of extra are mentioned in a rigorous, but readable, demeanour in Social Foundations of Markets, funds and Credit. it really is proven particularly that capitalist economies are permeated with non-economic characteristics.
This conscientiously argued ebook will turn out fascinating and worthy to scholars and researchers not just in economics, but in addition in sociology and anthropology. Well-informed critics of capitalism also will locate it an invaluable learn.
Read Online or Download Social Foundations of Markets, Money, and Credit (Routledge Frontiers of Political Economy, 49) PDF
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Additional info for Social Foundations of Markets, Money, and Credit (Routledge Frontiers of Political Economy, 49)
Globalisation, democratisation and development Let us return to the initially cited paradox and establish that attempts to make general statements on the globalisation–democracy nexus are somewhat futile. Instead, as we have tried to prove, there is a striking need for a systematisation of the relationship between these two societal phenomena in order to make possible a reliable analysis of their causalities. 3 Given the lack of theoretical support for a distinction between research on democracy and research on democratisation, it can indeed be argued that it should be a task of great importance to bridge this gap (Allison 1994).
Democracy is no exception in this respect and subsequently globalisation is claimed to be involved in the progress as well as the regress of liberal democracy worldwide. In consequence, the fashionable concept of globalisation runs the risk of being abandoned as an analytical tool and left as an indistinct phenomenon and explanation residual. As indicated, however, in this case the blur is caused not only by the independent variable but also by the dependent one. Hence, there is a great demand for clarification of the globalisation–democracy nexus and the chapter will begin by addressing this question, although we will not embark on the fruitless mission of balancing pros and cons.
Civil’ begins to count more than ‘society’. These are some of the issues that Caroline Boussard takes up in Chapter 9 where she discusses civil society, in general, and its presence in Central America, in particular. Many countries that are attempting to consolidate democracy suffer from what is sometimes referred to as a ‘civic deficit’. This implies that society is short of the values that really help build democracy. This deficit often stems from disillusionment with the political leadership; the fact, that the new democratic regime proves ineffective in various ways, such as not being able to curb corruption or to deliver tangible policy results.