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Books |
Books This section lists recent and forthcoming books to which members of CEPA have contributed. Global Finance at Risk: The Case for International
Regulation In Global Finance at Risk, two acclaimed economists propose a bold and much-needed solution to the financial crises that threaten us all: a World Financial Authority with powers to establish worldwide best-practice financial regulation and risk management. Expansion of finance in industrialized economies, including that of the nineteenth-century United States, was accompanied by the same kind of turbulence now afflicting Asia, Russia, and Latin America. Then, the solution was to establish national banking and securities regulators, deposit insurance, and lenders of last resort. But in our increasingly globalized times, a savings or checking account opened at a local bank can be based on bad debt from anywhere in the world, including places outside the jurisdiction of those national agencies. And when banks fail, it is not only their account-holders who suffer, but all of us. This is why, argue John Eatwell and Lance Taylor in this timely and urgent book, effective regulation of international finance is crucial to the economic health of all nations. Global Finance at Risk casts a welcome light into the deepening intricacies of world financial systems. It will be the subject of serious debate here and in Europe. John Eatwell is President of Queens' College, Cambridge, and a member of Britain's House of Lords. Lance Taylor, the Arnhold Professor of International Cooperation and Development at the New School University, New York, is also the director of the New School's Center for Economic Policy Analysis. Power, Employment, and Accumulation : Social Structures
in Economic Theory and Policy This book provides an interesting and refreshing collection of economic research conducted in the broadly heterodox tradition. A variety of topical issues are addressed, including labor market inequalities, welfare reform, interest rate policies, international trade, and global financial instability. What unites these diverse essays is their common perspective that social institutions and structures "matter" to the performance of economies, and hence should receive more attention from economists. Conventional economic thought focuses unduly on the functioning of so called "free markets." The persistent influence of social structures, institutions and practices - and the unequal extent to which differing social constituencies are able to exert power through those structures - often receives short thrift in this traditional research. However, this volume makes a significant contribution by helping to reverse this trend. The chapters, all written by top economists from around North America, address a range of topical issues, utilizing a rich variety of methodological techniques from empirical investigations to game theory and opinion surveys. Furthermore, the book, which is dedicated to the memory of David M. Gordon, has as its unifying theme the incorporation of structural analysis into economic science - an important goal for academics and students alike. |
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