How Choice Fueled Panic: Philadelphians, Consumption, and the Panic of 1837

2011 ◽  
Vol 12 (4) ◽  
pp. 761-789
Author(s):  
Sean Patrick Adams
Keyword(s):  
Free Market ◽  
Urban Residents ◽  
Free Market Economy ◽  
Public Officials ◽  
The Public ◽  
Public Debates ◽  
Free Market Capitalism ◽  
Market Capitalism ◽  
Panic Of 1837

This essay examines the role of working-class consumers in public debates over the public regulation of food and fuel markets in Philadelphia in the years leading up to the Panic of 1837. As price spikes in these necessities inflamed the cries for state authorities to insure fair prices for these goods and to put an end to the growing scale and scope of free market capitalism, these pleas went unfulfilled. Instead, urban residents saw many of the longstanding measures designed to protect less affluent Americans from devastating price swings—regulated marketplaces for meat, traditional fuel markets, and the bread assize, for example—had eroded as policymakers offered a vision of a free market economy that pushed aside longstanding assumptions about the role of public officials in the marketplace itself.

Stakeholding and Corporate Governance in the UK

Politics ◽  
1998 ◽  
Vol 18 (3) ◽  
pp. 197-204 ◽  
Author(s):  
Josephine Maltby ◽  
Roy Wilkinson
Keyword(s):  
Corporate Governance ◽  
Free Market ◽  
New Labour ◽  
Public And Private ◽  
The Public ◽  
Free Market Capitalism ◽  
The Uk ◽  
Market Capitalism

The ‘stakeholder economy’ forms a central part of the New Labour programme for reforming both the public and private sectors. The present paper considers the potential of stakeholding to address the weaknesses of corporate governance in the UK It concludes that stakeholder governance is a concept which owes its appeal to its imprecision, and is unworkable in practice, and that its deployment, rather than imposing accountability on capitalism, merely represents an attempt to make free market capitalism look more acceptable.

Whither decolonisation? Indigenous scholars and the problem of inclusion in the neoliberal university

2019 ◽  
Vol 56 (2) ◽  
pp. 247-262
Author(s):  
Joanna Kidman
Keyword(s):  
Higher Education ◽  
Political Economy ◽  
New Zealand ◽  
Power Relations ◽  
Free Market ◽  
Free Market Capitalism ◽  
Colonial Institutions ◽  
Market Capitalism

What is the role of the indigenous critic and conscience of society in the neoliberal university? Much has been written about neoliberalism in higher education but less attention is given to how it is enacted in settler-colonial societies where intellectual labour is shaped by histories of imperialism, invasion and violence. These historical forces are reflected in a political economy of knowledge forged in the interplay of power relations between coloniality and free-market capitalism. Indigenous academics who mobilise a form of public/tribal scholarship alongside native publics and counter-publics often have an uneasy relationship with the neoliberal academy which celebrates their inclusion as diversity ‘partners’ at the same time as consigning them to the institutional margins. This article traces a cohort of Māori senior academics in New Zealand whose intellectual labour is structured around public/tribal scholarship and examines how this unsettles and challenges the problem of neoliberal inclusivity in settler-colonial institutions.

“Monstrous Vandalism”: Capitalism and Philistinism in the Works of Samuel Laing (1780–1868)

1991 ◽  
Vol 23 (2) ◽  
pp. 253-268 ◽  
Author(s):  
Bernard Porter
Keyword(s):  
Free Market ◽  
Public Funding ◽  
European Continent ◽  
The Public ◽  
The Arts ◽  
Free Market Capitalism ◽  
Economic Necessity ◽  
The Times ◽  
Market Capitalism ◽  
Simple Economic

Is free market capitalism intrinsically inimical to culture and learning? The question probably would not have occurred to many people twenty years ago. That it can be seriously put today is a sign of the times. Two things have happened to Britain over the past decade. One is the political revival of the idea of the “market,” under the aegis of probably the most zealous capitalist ideologues ever to take power in what had generally been a fairly pragmatic political culture before then. The second is a scries of damaging cuts, or what are claimed to be damaging cuts, in the public funding of higher education and the arts. Some of the victims of the latter have perceived behind them a positive antipathy on the part of the zealots to what they are doing and what they hold dear. If this is so, then where does it derive from? The personal idiosyncrasies of the zealots? Simple economic necessity? A genuine belief in alternative and perhaps better ways of supporting learning and culture? Or is free market capitalism fundamentally philistine?The question has come up before. In the nineteenth century people also remarked on the cultural barrenness of their time. There can be no doubt that it was pretty barren in certain areas. Compared with the European continent, and with her own past, Britain was something of a cultural desert during most of the century, and particularly between the 1840s and the 1880s, which are usually regarded as the high plateau of her free market capitalism.

scholarly journals CSR and the Public/Private Divide

2020 ◽  
Vol 4 (2) ◽  
pp. 116-118
Author(s):  
Ioannis Kampourakis
Keyword(s):  
Public Interest ◽  
Common Ground ◽  
Free Market ◽  
Analytical Framework ◽  
The Public ◽  
Free Market Capitalism ◽  
Corporate Social ◽  
Relations Of Power ◽  
Market Capitalism

Ellen Hertz’s manifold critique of corporate social responsibility (CSR) paradoxically begins by establishing common ground with the ardent defender of free market capitalism and an otherwise political opponent to her normative framework, Milton Friedman. Building on his analytical framework, according to which corporations and government operate on different principles, Hertz reinforces the idea that CSR cannot and should not replace democratic mechanisms in the determination of the public interest. In addition, following established critiques of CSR (e.g., Shamir 2008), Hertz highlights that CSR introduces the logics of the market in areas traditionally governed by different logics of action, while it also serves to obfuscate relations of power and to shape global governance in corporate-friendly directions.

The Legacy of Iraq

2015 ◽  
Keyword(s):  
Middle East ◽  
Liberal Democracy ◽  
Iraq War ◽  
Free Market ◽  
Political Elite ◽  
Islamic State ◽  
Sequence Of Events ◽  
The World ◽  
Free Market Capitalism ◽  
Market Capitalism

This book critically reflects on the failure of the 2003 intervention to turn Iraq into a liberal democracy, underpinned by free-market capitalism, its citizens free to live in peace and prosperity. The book argues that mistakes made by the coalition and the Iraqi political elite set a sequence of events in motion that have had devastating consequences for Iraq, the Middle East and for the rest of the world. Today, as the nation faces perhaps its greatest challenge in the wake of the devastating advance of the Islamic State of Iraq and Syria (ISIS) and another US-led coalition undertakes renewed military action in Iraq, understanding the complex and difficult legacies of the 2003 war could not be more urgent. Ignoring the legacies of the Iraq War and denying their connection to contemporary events could mean that vital lessons are ignored and the same mistakes made again.

Milton Friedman (1912-2006)

2007 ◽  
pp. 155-174
Author(s):  
Julio H. Cole
Keyword(s):  
Free Market ◽  
Early Morning ◽  
Public Intellectual ◽  
Free Market Economy ◽  
The Public ◽  
Milton Friedman ◽  
Television Documentary ◽  
Bona Fide ◽  
World Class ◽  
Policy Arena

Milton Friedman, who died in the early morning of November 16, 2006, was a world-famous economist, and an ardent and effective advocate of the free market economy. Much of his celebrity derived from his role as public intellectual, an aspect of his work that was reflected largely in popular books, such as Capitalism and Freedom (1962) and the hugely successful Free to Choose (1980) -both co-authored with his wife, Rose (and the latter based on the television documentary of the same title)- and in the Newsweek opinion columns he wrote for many years. Though he was already well-known by the time he received the Nobel Prize in Economics, in 1976, both his stature as public figure and his effectiveness as policy advocate were greatly enhanced by that award, and this is what has been mostly stressed in the vast outpouring of obituaries and public testimonials prompted by his recent passing. It is important to recall, however, that there was another aspect of his career, one which most professional economists (and probably Friedman himself) would regard as far more important than his incursions in the policy arena. Indeed, even if "Friedman the public intellectual" had never existed, "Friedman the economic scientist" would still be renowned and respected (though perhaps not as a bona fide world-class celebrity), and his memory will live long in the lore of economics It is primarily this other aspect of his life and work that I wish to focus on in this essay.

KEGAGALAN PRIVATISASI BUMN DI ERA REZIM ORDE BARU DALAM PERSPEKTIF EKONOMI POLITIK

Wacana Publik ◽  
2019 ◽  
Vol 12 (02) ◽  
Author(s):  
Syamsul Ma'arif
Keyword(s):  
Market Economy ◽  
Free Market ◽  
Dominant Role ◽  
The State ◽  
Early Years ◽  
New Order ◽  
Free Market Economy ◽  
Economic Sectors ◽  
Role Of The State

After had being carried out nationalization and hostility against west countries, the New Order regime made important decision to change Indonesia economic direction from etatism system to free market economy. A set of policies were taken in order private sector could play major role in economic. However, when another economic sectors were reformed substantially, effords to reform the State Owned Enterprises had failed. The State Owned Enterprise, in fact, remained to play dominant role like early years of guided democracy era. Role of the State Owned Enterprises was more and more powerfull). The main problem of reforms finally lied on reality that vested interest of bureaucrats (civil or military) was so large that could’nt been overcome. 

scholarly journals Estonia’s Digital Transformation

2019 ◽  
pp. 143-160 ◽  
Author(s):  
Rainer Kattel ◽  
Ines Mergel
Keyword(s):  
Public Sector ◽  
Social Inequality ◽  
Free Market ◽  
Digital Transformation ◽  
Invisible Hand ◽  
Economic Success ◽  
Policy Makers ◽  
Free Market Capitalism ◽  
Distinct Features ◽  
Market Capitalism

Estonia’s transition to free-market capitalism and liberal democracy is marked by three distinct features: economic success, digital transformation of its public sector, and a rapid increase and persistence of social inequality in Estonia. Indeed, Estonia has become one of the most unequal societies in Europe. Economic success and increasing social inequality can be explained as different sides of the same coin: a neoliberal policy mix opened markets and allowed globalization to play out its drama on a domestic stage, creating winners and losers. Yet Estonia has been highly successful in its digital agenda. Particularly interesting is how the country’s public sector led the digital transformation within this highly neoliberal policy landscape. While within economic policy, Estonia did indeed follow the famed invisible hand in rapidly liberalizing markets, in ICT, Estonia seems to have followed an entirely different principle of policymaking. In this domain, policy has followed the principle of the hiding hand, coined by Albert Hirschman: policy-makers sometimes take on tasks they think they can solve without realizing all the challenges and risks involved— and this may result in unexpected learning and creativity. The success of Estonia’s e-government has much to do with the principle of the hiding hand: naïvety and optimism propelled initial ‘crazy ideas’ in the early 1990s to become ingrained in ICT policy, enabling the creation of multiple highly cooperative and overlapping networks that span public–private boundaries.

Encounter Three: Art and the Socialist State

2019 ◽  
pp. 55-68
Author(s):  
Jan Bryant
Keyword(s):  
Free Market ◽  
Socialist Realism ◽  
The Political ◽  
Political Climate ◽  
Avant Garde ◽  
Western Art ◽  
Socialist State ◽  
Political Views ◽  
Free Market Capitalism ◽  
Market Capitalism

This chapter traces the tactics used by the art Slovenian collective, Neue Slowenische Kunst (NSK), specifically the art section, Irwin and the music group, Laibach, to criticise the socialist state of Yugoslavia. The chapter offers a brief overview of the political climate at the time leading up to and during the Yugoslavian wars (1980s and ‘90s). Closely analysed is NSK’s use of ambiguity and parody to hold a mirror up to authoritarianism and Irwin’s appropriation of early Russian avant-garde motifs to criticise socialist-realism and the State’s ‘misuse’ of art. As protection against retaliation by the state, NSK never prescribed their intentions, so audiences and viewers needed to bring their own context and perspective to events. Once Slovenia left the Yugoslavian Federation to enter into free-market capitalism, NSKs tactics seemed far less potent, flowing neatly into a 1980s western art context (a moment in history) that embraced ambivalence and indeterminacy. As an approach that hides a work’s political intent, allowing its viewers to have their own political views affirmed, it is argued that such a tactic fails to shake the political aesthetic. [181]

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