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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
Reclaiming Brownfields: From Corporate Liability To Community Asset, K. A. Dixon
Reclaiming Brownfields: From Corporate Liability To Community Asset, K. A. Dixon
PERI Working Papers
As the U.S. economy continues to march through its longest peacetime economic expansion in history, most urban areas are experiencing healthy levels of economic activity and growth, and many cities are engaging in ambitious redevelopment and revitalization projects. Yet a strong economy does not necessarily translate into income or asset growth for all people. The benefits of the current economic boom have often bypassed impoverished communities in the midst of American cities (Clarke and Gaile 1995, 163).
Let Them Eat Risk? Wealth, Rights, And Disaster Vulnerability, James K. Boyce
Let Them Eat Risk? Wealth, Rights, And Disaster Vulnerability, James K. Boyce
PERI Working Papers
Disaster-vulnerability reduction is an impure public good: when provided to one it is provided to others, but not equally provided to all. This means that in addition to the question of how much disaster-vulnerability reduction to provide, policy makers face the question of to whom it should be provided. This essay distinguishes between two broad classes of approaches to the latter question, one based on wealth, the other on rights.
Globalization, Inequality And Financial Instability: Confronting The Marx, Keynes And Polanyi Problems In Advanced Capitalist Economies, Robert Pollin
Globalization, Inequality And Financial Instability: Confronting The Marx, Keynes And Polanyi Problems In Advanced Capitalist Economies, Robert Pollin
PERI Working Papers
Over the past 20 years, a widespread perception has emerged that a new stage has been reached in the relationship between capitalism and the nation-state. Globalization is the umbrella term—indeed the ubiquitous buzzword—conveying a sense the sense that a fundamental transformation is occurring in the contemporary world economy. Governments and opposition political parties around the world rewrite their economic programs to take account of the perceived new realities engendered by globalization. Books, articles (including this one) and editorial pronouncements all pour forth.
Slow Growth, Destructive Competition, And Low Road Labor Relations: A Keynes-Marx-Schumpeter Analysis Of Neoliberal Globalization, James Crotty
PERI Working Papers
This essay begins with a brief overview of the standard arguments for and against global Neoliberalism and an overview of economic performance in the Neoliberal era. Section II argues that the micro theory appropriate to an analysis of the likely effects of global liberalization is not the neoclassical theory of perfectly competitive markets relied on by Neoliberal supporters, but Joseph Schumpeter’s theory of “natural oligopolies.” Section III presents a theory of the structural contradictions of global Neoliberalism that integrates a Keynesian-Marxian macro perspective with Schumpeterian and Marxian micro theory. The last section considers the political and policy 1implications of the …
Redressing Ecological Poverty Through Participatory Democracy: Case Studies From India, Anil Agarwal, Sunita Narain
Redressing Ecological Poverty Through Participatory Democracy: Case Studies From India, Anil Agarwal, Sunita Narain
PERI Working Papers
For the rural poor – who depend above all the land for their survival – a central development challenge is to sustain a base of natural capital that can support a robust local economy. In India, government mismanagement of forests, grazing lands, and water resources has often alienated rural people and exacerbated resource degradation. This paper shows the potential to reverse these trends when local people gain control over natural resources and manage them through systems of participatory democracy. Four case studies from semi-arid, hilly regions of India illustrate how democratic control of natural assets can lay the basis for …
Globalization And Redistribution: Feasible Egalitarianism In A Competitve World, Samuel Bowles
Globalization And Redistribution: Feasible Egalitarianism In A Competitve World, Samuel Bowles
PERI Working Papers
A reduction of impediments to international flows of goods, capital and professional labor is thought to raise the economic costs of programs by the nation state (and labor unions) to redistribute income to the poor and to provide economic security. But some of the more politically and economically successful examples of such policies -- for example Nordic social democracy and East Asian land reform-- have occurred in small open economies which would, on the above account, provide a prohibitive environment for egalitarian interventions. I present a model of globalization and redistribution to answer the following question: in a liberalized world …
Problems Of Poverty And Marginalization, Keith Griffin
Problems Of Poverty And Marginalization, Keith Griffin
PERI Working Papers
Strange as it may seem, mainstream neoclassical economics has no concept of poverty. The concept used in neoclassical economics is utility or economic welfare, which following Pigou often is limited to those things which can be subjected to “the measuring rod of money”. It is assumed individuals attempt to maximize utility or welfare subject to a constraint, such as income. From an analytical perspective the level of utility, or the level of such things as wellbeing, income or expenditure is irrelevant; there is no notion in economics of insufficiency and hence of poverty. This is rather odd. None the less, …
Problems Of Poverty And Marginalization, Keith Griffin
Problems Of Poverty And Marginalization, Keith Griffin
PERI Working Papers
Strange as it may seem, mainstream neoclassical economics has no concept of poverty. The concept used in neoclassical economics is utility or economic welfare, which following Pigou often is limited to those things which can be subjected to “the measuring rod of money”. It is assumed individuals attempt to maximize utility or welfare subject to a constraint, such as income. From an analytical perspective the level of utility, or the level of such things as wellbeing, income or expenditure is irrelevant; there is no notion in economics of insufficiency and hence of poverty. This is rather odd. None the less, …
Threat Effects And The Impact Of Capital Mobility On Wages And Public Finances: Developing A Research Agenda, Gerald Epstein
Threat Effects And The Impact Of Capital Mobility On Wages And Public Finances: Developing A Research Agenda, Gerald Epstein
PERI Working Papers
The impact of increased openness to trade, financial flows and foreign direct investment on the distribution of costs and benefits from globalization remains a controversial and poorly understood subject, despite an enormous amount of research undertaken by economists and other social scientists in recent years.(See, Baker, Epstein, Pollin, 1998; Journal of Economic Perspectives, 1995 for recent discussions of many of these issues). Among the most important and most studied issues is the impact of globalization on inequality and the related issue of the impact of globalization on the roles governments choose to play and on their ability to achieve their …