The invisible hand

Rubriek: Textual/Printed/Reference Materials - Boek

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Uiterlijk 29 november in huis

Bas van Bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long-run prosperity, equity, and broad participation in decision-making. He also connects with current debates on the future of capitalism and the causes and effects of inequality.



The Invisible Hand? offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them -- the market economies -- are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market economies create flexibility and high mobility in the exchange of land, labour, and capital, and initially they generate economic growth, although they also build on existing social structures, as well as existing exchange and allocation systems. The dynamism that results from the rise of factor markets leads to the rise of new market elites who accumulate land and capital, and use wage labour extensively to make their wealth profitable. In the long term, this creates social polarization and a decline of average welfare. As these new elites gradually translate their economic wealth into political leverage, it also creates institutional sclerosis, and finally makes these markets stagnate or decline again. This process is analysed across the three major, pre-industrial examples of successful market economies in western Eurasia: Iraq in the early Middle Ages, Italy in the high Middle Ages, and the Low Countries in the late Middle Ages and the early modern period, and then parallels drawn to England and the United States in the modern period. These areas successively saw a rapid rise of factor markets and the associated dynamism, followed by stagnation, which enables an in-depth investigation of the causes and results of this process.

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Het is een sprookje dat onze markteconomie een onmisbare voorwaarde voor welvaart en rechtsstaat is dat weet de internationaal gezaghebbende nederlandse economisch historicus bas van bavel onweerlegbaar aan te tonen hij toetst de abstracte beweringen van de economen genadeloos aan de historische w Op voorraad. Voor 23:00 uur besteld, morgen in huis .. MEER INFO

The Invisible Hand?

Rating: 4.7 / 5 | Prijs: € 22.99

The invisible hand offers a radical departure from the conventional wisdom of economists and economic historians by showing that factor markets and the economies dominated by them the market economies are not modern but have existed at various times in the past they rise stagnate and d Direct beschikbaar .. MEER INFO

Invisible Hand Market Economies Emerged

Rating: 4.7 / 5 | Prijs: € 82.87

Bas van bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long run prosperity equity and broad participation in decision making he also connects with current debates on the future of capitalism and the causes and eff 2 - 3 weken .. MEER INFO

Taal: en

Bindwijze: Paperback

Oorspronkelijke releasedatum: 29 april 2019

Aantal pagina's: 352

Illustraties: Nee

Hoofdauteur: Bas van Bavel

Tweede Auteur: van Bavel, Bas

Hoofduitgeverij: Oxford University Press

Extra groot lettertype: Nee

Product breedte: 161 mm

Product hoogte: 18 mm

Product lengte: 233 mm

Studieboek: Ja

Verpakking breedte: 150 mm

Verpakking hoogte: 24 mm

Verpakking lengte: 233 mm

Verpakkingsgewicht: 698 g

EAN: 9780198820451

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