scholarly journals Political Identity and Economists’ Perceptions of Capitalist Crises

2017 ◽  
Vol 50 (1) ◽  
pp. 173-193 ◽  
Author(s):  
Mark Horowitz ◽  
Robert Hughes

Radical critics have long impugned conventional economists as ideologically committed to capitalism and blind to its historical dynamics and crisis tendencies. This report evaluates this longstanding criticism. Surveying academic economists in the United States, we find the field quite skeptical of the prospects of capitalist crises. Despite considerable consensus, political orientation is a highly significant predictor of respondents’ outlooks. We close by interpreting our findings from the standpoint of current research in political psychology. Jel classification: A13, A14, B14

1968 ◽  
Vol 20 (2) ◽  
pp. 279-300 ◽  
Author(s):  
Klaus Epstein

Schwarz's study Vom Reich zur Bundesrepublik is, in the opinion of this reviewer, the single most important book on the occupation studyperiod in Germany after World War II that has yet appeared. It is not an ordinary narrative history—indeed, it presupposes a good deal of prior knowledge—but is rather a topical analysis of the following problems: the various possible solutions to the German question in the years after 1945; the policies toward Germany of the four victorious powers—Russia, France, Britain, and the United States; the development of German attitudes on the future political orientation of one or two Germanies; and finally, the factors that led to the voluntary acceptance of Western integration by most West Germans even though this integration meant the partition of Germany.


2013 ◽  
Vol 18 (4) ◽  
pp. 195-212
Author(s):  
Matthew Ward

Advances in social movement research conceptualise micromobilisation as – at least – a two-step sequential process in which willingness to participate must first be generated and then translated into actual participation. However, such research often ignores a more fundamental first step in this process: the generation of movement support. I address this gap by drawing on a nationally representative sample of adults in the United States – who either sympathised with or opposed anti-immigration activism – to identify individual attributes differentiating anti-immigration movement supporters and non-supporters. Perceptions of economic threat, waning confidence in political leadership, and prejudicial cultural beliefs about Latinos represent attributes differentiated movement supporters from non-supporters. Power devaluation theory is used as an overarching framework to meaningfully interpret these results. More generally, I argue that grievances play an important, yet under theorised role in jumpstarting conservative micromobilisation and that principles from power devaluation theory can help us understand the differentiation of movement support, irrespective of a social movement's political orientation.


Author(s):  
David A. Hollinger

This chapter analyzes the consolidation in 1942 of the two major, religiously defined institutional forces of the entire period from World War II to the present. The Delaware Conference of March 3–5, 1942, was the first moment at which rival groups within the leadership of ecumenical Protestantism came together and agreed upon an agenda for the postwar world. The chapter addresses the following questions: Just what did the Delaware Conference agree upon and proclaim to the world? Which Protestant leaders were present at the conference and/or helped to bring it about and to endow it with the character of a summit meeting? In what respects did the new political orientation established at the conference affect the destiny of ecumenical Protestantism?


2020 ◽  
pp. 171-182
Author(s):  
Montse Feu

Fighting Fascist Spain connects some of the major figures of the Spanish Civil War exile with lesser-known actors, making their contributions more visible. While fascism ruled in Spain, España Libre’s authors cultivated a rich set of tools that interrogated the way fascist power operates. The underlying premise of this work is that the Confederadas’ antifascist solidarity was rooted in a cultural realm shaped by a complex web of political and cultural heritages that Spanish immigrants brought with them and were further reinforced by allies in the United States, which in turn built local and transnational antifascist communities. There are interlocking aspects that define España Libre’s cultural and political identity: its self-educated workers, its anarchist adaptability to exile, its transnational ties, its organized solidarity, and its transformative culture and humor.


Author(s):  
Eugenio M. Rothe ◽  
Andres J. Pumariega

The chapter on immigration trends describes the current legal and illegal paths of immigration to the United States; a historical perspective of the reasons for migration; the past and current numbers of immigrants who have arrived in the United States and their demographic profile; which countries contribute immigrants and which states receive them; the changing race and ethnicity of the immigrants throughout the country’s history; the immigrants’ levels of education, skill sets, and financial attainment at the time of arrival and after the second generation. A demographic profile of the illegal immigrants, their vulnerability for exploitation, and their financial importance to the country’s economy is presented. The composition of immigrant families, some of the psychological effects of geographical separations and deportations on the family, factors that facilitate or impede assimilation and adaptation, the intergroup relations, values, and political orientation of the different immigrant groups, and the immigrants’ financial contributions to the United States are discussed.


2020 ◽  
pp. 234094442092771
Author(s):  
Paula Castro ◽  
Maria T Tascon ◽  
Francisco J Castaño ◽  
Borja Amor-Tapia

This article contributes to the literature by indicating how certain monetary policies impact the compensation incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility (Vega). We examine 1,293 firms in the United States between 2000 and 2016, and the results indicate that low interest rates increase the managers’ short-term risk-taking incentives and that those incentives contribute to the risk effectively taken by the firm. Our results are robust to the use of alternative monetary proxies and to the presence of passive versus active institutional shareholders. JEL CLASSIFICATION E41; E43; E51; M12; M52


2019 ◽  
Vol 51 (4) ◽  
pp. 525-535
Author(s):  
David M. Kotz

The current economic expansion in the United States, which began in the summer of 2009, has lasted for more than nine years as of this writing, making it the second longest expansion since the end of World War II. The previous two expansions, of the 1990s and 2000s, were prolonged by big asset bubbles, which have played a key role in the neoliberal era in promoting long economic expansions. However, the current expansion has not seen an asset bubble large enough to significantly affect the macroeconomy. This paper examines the expansion since 2009 by analyzing the movements of the rate of profit, and its determinants, and the role of aggregate demand, with the aim of determining the factors that have kept crisis tendencies at bay so far. JEL Classification: E32, E30, E11, E02


2012 ◽  
Vol 40 (1) ◽  
pp. 85-91
Author(s):  
Elena Trifiletti ◽  
Rossella Falvo ◽  
Carla Dazzi ◽  
Dora Capozza

Image theory was used in this study to assess the images that Italian adults with different political ideologies have of the United States. In addition to the ally, barbarian, enemy, and imperialist images, a new image, that of the father, was introduced. It was found that right-wing respondents endorsed the father and ally images of Americans, while left-wing respondents perceived Americans as barbarians. The theoretical and practical implications of the findings are discussed.


2017 ◽  
Vol 43 (2) ◽  
pp. 263-285 ◽  
Author(s):  
Emawtee Bissoondoyal-Bheenick ◽  
Robert Brooks ◽  
Wei Chi ◽  
Hung Xuan Do

We assess the stock market volatility spillover between three closely related countries, the United States, China and Australia. This study considers industry data and hence provides a clear idea of the channels through which volatility is transmitted across these countries. We find that there is significant bilateral causality between the countries at the market index level and across most of the industries for the full sample period from July 2007 to May 2016. There is one-way volatility spillover from the United States to China in the financial services, industrials, consumer discretionary and utilities industry. There is insignificant volatility spillover from the Australian to Chinese stock markets in financial services, telecommunications and energy industries. Once we remove the effect of the global financial crisis (GFC), we find significant bilateral relationship across all of the industries across the three countries. JEL Classification: G15


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