dunnettreader + economy   3

Eva Botella-Ordinas - La démocratie directe de la Puerta del Sol | La Vie des idées - May 2011
This article written within a week of the events in Spain, with a focus on the debates on the left in Spain re what a "republicanism" entails. Another article at the same time focused more on the history of democracy and various forms of political participation in Spain from the Early Modern era onwards. The follow up in the Fall of 2011 was a series of articles covering political philosophy, political sociology of social movements and more discussion of the history of democracy in Spain, including a response to this analysis of flavors of republicanism by José Luis Martí and Félix Ovejero (mentioned in this article) and another article by Botella-Ordinas with 2 other historians. -- Pourquoi les Espagnols se mobilisent-ils en occupant les places des grandes villes ? Dans ce texte écrit sur le vif, une historienne de la pensée politique ouvre le débat. Elle montre que le mouvement du 15M s’appuie sur l’expérience de pratiques démocratiques autonomes mises en place par les centres sociaux autogérés. Elle signale aussi le fossé grandissant, au sein de la gauche espagnole, entre deux visions du républicanisme et de la participation démocratique. -- Ce texte est précédé d’une chronique écrite par un autre historien de l’Université Autonome de Madrid, Juan Luis Simal, qui permet de replacer les événements de la semaine dernière dans leur contexte. -- downloaded pdf to Note
article  political_philosophy  republicanism  Spain  21stC  socialism  parties  social_movements  democracy  democracy_deficit  political_participation  Pettit  Great_Recession  austerity  1-percent  Eurozone  international_finance  political  economy  institutions  downloaded  EF-add 
january 2015 by dunnettreader
Eric Rauchway, review - Martin Wolf, The Shifts and the Shocks (2014) | TLS Jan 2015
... his analysis, which holds that we knew how to avoid, counter and cure these troubles; we have simply – largely out of wilful ignorance and lack of courage – failed to do more than the barest minimum of what was necessary. Governments, banks and international institutions did “just enough, almost too late” to prevent the worst possible result, which would have been a note-for-note replay of the 1930s including a slide into fascism and world war. But having done no more than avoid world-historic catastrophe, we find ourselves mired in a dim morass of our own making, with no sunlit uplands in sight. Wolf offers a persuasive account that is also clear, though he relies on no single factor but several: hence the title of the book. It took both long-term shifts and a series of shocks to cause a crisis of such magnitude. Our world was born in the end of the Cold War. With capitalism triumphant, the victors liberalized their economies and so did the Communist nations, particularly China. Yet all was not well in this brave new world; international finance and trade threatened the stability of smaller, emerging economies, as the crises of the 1990s demonstrated.
financialization  bad_history  shadow  banking  Pocket  risk  global  economy  money  markets  global_imbalance  keynesian  business_influence  bad_economics  books  financial_regulation  liquidity  deregulation  minsky  investment  economic_growth  reviews  fed  Bank_of_England  great_recession  us_politics  leverage  capital_flows  race-to-the-bottom  business  ethics  political_economy  ecb  rents  uk  central_banks  investors  financial  crisis  financial_system  austerity  capital  economic_theory  us_economy  eurozone 
january 2015 by dunnettreader
The Impact of Financial Market Volatility on Emerging Market Economies - Sangyup Choi PhD advisee of Roger Farmer
To understand why an increase in the VIX has a much larger impact on output fluctuations in emerging market economies than on the U.S. economy, I build a small open economy model with credit market imperfections. The model incorporates a portfolio decision by international investors and an increase in the VIX makes these investors withdraw their funds from emerging markets. In Sam’s theory, VIX shocks, in a world of integrated capital markets, cause investors to pull their money from emerging markets. Because emerging market economies have poorly developed credit markets, the sudden outflow of cash causes domestic firms to cut back on production and lay off workers.
uncertainty  global  governance  economic_theory  capital  markets  us_economy  financial_system  economy  emerging  Pocket 
january 2015 by dunnettreader

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