Download Discipline in the Global Economy?: International Finance and by Jakob Vestergaard PDF

By Jakob Vestergaard

In self-discipline within the international financial system, Jakob Vestergaard investigates the at the moment winning legislation of overseas finance, introduced based on the monetary crises of the 1990’s. on the center of this procedure is a suite of criteria of ‘best practice’, starting from banking supervision to company governance. Vestergaard argues that even though those criteria are provided as ‘international’, they contain a norm for the ‘proper’ association and law of economies that is in detail concerning the Anglo-American version of capitalism. With this method of the rules of overseas finance, earlier deregulation rules have been changed via a accomplished process for the worldwide disciplining of economies. this can be a awesome, if no longer paradoxical, prevalence in what's allegedly the heyday of neoliberalism and ‘free industry economy’. additionally, this mode of foreign monetary legislation has proved useless, if no longer counter-productive, when it comes to its aim to augment the steadiness and resilience of the foreign economic system. in simple terms by means of forsaking ‘laissez-fairy stories’ approximately liberalism may possibly we start to appreciate our current difficulty– and open an area for serious pondering on modes of foreign financial governance which are while extra conducive to monetary balance and extra in keeping with the ethos of liberalism.

Show description

Read or Download Discipline in the Global Economy?: International Finance and the End of Liberalism (New Political Economy) PDF

Best economic theory books

The Cambridge Controversies in Capital Theory

This publication explains the controversy over the Cambridge controversies of the Sixties and Nineteen Seventies. In a compelling and entire argument, Birner discusses the most contributions to the debate in a sequence of case stories. He progressively develops a methodological version of idealizations that explains either the development of the controversy and the historic ironies surrounding it.

The Problem of Forming Social Capital: Why Trust? (Political Evolution and Institutional Change)

Herreros examines from the floor up, and from first ideas, how social capital is shaped. He supplies designated awareness to "particularized trust," the byproduct of associational participation, and its courting to generalized social belief. He argues that social capital, the assets drawn from duties of reciprocity and knowledge, derives from participation in social networks, together with voluntary institutions.

An Ecosystem Approach to Economic Stabilization: Escaping the Neoliberal Wilderness

The production of monetary associations that may functionality good below mammoth uncertainties -- Black Swans -- is comparable to the dilemmas confronting our hunter-gatherer forefathers within the face of large-scale ecological unpredictability. the last word answer was once no longer the advance of a brilliant hunter-gatherer know-how that may journey out repeated disaster, yet quite the discovery, in neolithic instances, of culturally-adapted 'farmed' ecosystems built to maximise foodstuff yield and reduce hazards of famine.

Free Trade under Fire: Fourth edition

Starting to be foreign exchange has helped raise dwelling criteria all over the world, and but unfastened exchange is usually lower than assault. Critics whinge that exchange forces painful financial changes, comparable to plant closings and layoffs of staff, and cost that the area exchange association serves the pursuits of businesses, undercuts household environmental rules, and erodes America's sovereignty.

Extra resources for Discipline in the Global Economy?: International Finance and the End of Liberalism (New Political Economy)

Sample text

Which ‘powereffects’, Foucault asks, are produced by the constitution of bodies of scientific knowledge and the dissemination of their norms and techniques? And how are the emergence and development of these bodies of knowledge related to processes of political power? These are key questions from a Foucauldian perspective. Further elaboration requires an explication of the Foucauldian concept of ‘governmentality’. 2 A basic premise of governmentality studies is that in modern liberal societies, power is exercised through knowledge.

Particularly in the case of the latter this seems a strange absence—given that it offers a contextualised analysis of early liberalism and political economy, reflecting on the work of Adam Smith and Adam Ferguson, both canonized authors in the history of economic thought. Further, this work by Foucault features centrally an analysis of the work of Jeremy Bentham, another key figure in histories of economic thought. There is plenty reason, in other words, to endeavour to relate Foucault’s work more explicitly to economic discourse.

Finally, on the basis of the preceding steps one endeavours to synthesize and reflect: what is particularly problematic about the debate? TYPOLOGIES AND BEYOND Before proceeding with the narratives of Barry Eichengreen, Paul Krugman, Joseph Stiglitz and Robert Wade in the following four chapters, it is pertinent to provide a brief overview of debates on the Asian crisis. < previous page page_31 next page > < previous page page_32 next page > Page 32 An effective means of obtaining an overview of key dividing lines in the debate is to examine one or more typologies suggested in the literature.

Download PDF sample

Rated 4.18 of 5 – based on 22 votes