Reinventing State Capitalism - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reinventing State Capitalism write by Aldo Musacchio. This book was released on 2014-04-22. Reinventing State Capitalism available in PDF, EPUB and Kindle. The wave of liberalization that swept world markets in the 1980s and 90s altered the ways that governments manage their economies. Reinventing State Capitalism analyzes the rise of new species of state capitalism in which governments interact with private investors either as majority or minority shareholders in publicly-traded corporations or as financial backers of purely private firms (the so-called "national champions"). Focusing on a detailed quantitative assessment of Brazil's economic performance from 1976 to 2009, Aldo Musacchio and Sergio Lazzarini examine how these models of state capitalism influence corporate investment and performance. According to one model, the state acts as a majority investor, granting the state-owned enterprise (SOE) financial autonomy and allowing professional management. This form, the authors argue, has reduced many agency problems commonly faced by state ownership. According to another hybrid model, the state uses sovereign wealth funds, holding companies, and development banks to acquire a small share of equity ownership in a corporation, thereby potentially alleviating capital constraints and leveraging latent capabilities. Both models have benefits and costs. Yet neither model has entirely eliminated the temptation of governments to intervene in the operation of natural resource industries and other large strategic enterprises. Nevertheless, the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant, Musacchio and Lazzarini conclude. Private ownership is now mingled with state capital on a global scale.
Democracy and Prosperity
Democracy and Prosperity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Democracy and Prosperity write by Torben Iversen. This book was released on 2020-11-03. Democracy and Prosperity available in PDF, EPUB and Kindle. It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial. For all the chaos and upheaval over the past century--major wars, economic crises, massive social change, and technological revolutions--Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state. Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.
Reinventing Capitalism in the Age of Big Data
Reinventing Capitalism in the Age of Big Data - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reinventing Capitalism in the Age of Big Data write by Viktor Mayer-Schönberger. This book was released on 2018-02-27. Reinventing Capitalism in the Age of Big Data available in PDF, EPUB and Kindle. From the New York Times bestselling author of Big Data, a prediction for how data will revolutionize the market economy and make cash, banks, and big companies obsolete In modern history, the story of capitalism has been a story of firms and financiers. That's all going to change thanks to the Big Data revolution. As Viktor Mayer-Schörger, bestselling author of Big Data, and Thomas Ramge, who writes for The Economist, show, data is replacing money as the driver of market behavior. Big finance and big companies will be replaced by small groups and individual actors who make markets instead of making things: think Uber instead of Ford, or Airbnb instead of Hyatt. This is the dawn of the era of data capitalism. Will it be an age of prosperity or of calamity? This book provides the indispensable roadmap for securing a better future.
State Capitalism in the Economy of the United States
State Capitalism in the Economy of the United States - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook State Capitalism in the Economy of the United States write by Paul K. Crosser. This book was released on 1960. State Capitalism in the Economy of the United States available in PDF, EPUB and Kindle.
The Great Persuasion
The Great Persuasion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Great Persuasion write by Angus Burgin. This book was released on 2012-10-30. The Great Persuasion available in PDF, EPUB and Kindle. Just as economists struggle today to justify the free market after the global economic crisis, an earlier generation revisited their worldview after the Great Depression. In this intellectual history of that project, Burgin traces the evolution of postwar economic thought in order to reconsider the most basic assumptions of a market-centered world.
