Free Kindle Trade, Development And Foreign Debt ebooks Download
In this survey of international economic thought, Michael Hudson rewrites the history of trade, development and debt theorizing. He shows that mainstream free-trade surveys are censorial in excluding the protectionist logic that has guided the trade policy of Europe and the United States, especially by leaving out discussion of the transfer problem and payment of international debts. He points out that most economists throughout history have focused as much on war financing as on trade and development. Free-trade ideology and IMF-style financial austerity under today's rules, rather than benefiting all parties and maximizing welfare, leave "client" nations severely indebted. By excluding dynamics that used to be central to trade theory such as emigration and technology transfer, today's global production and financial policies tend to concentrate economic and political power in the hands of dominant nations. Prof. Michael Hudson (Economics Department, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.
Paperback: 440 pages
Publisher: ISLET (September 23, 2009)
Language: English
ISBN-10: 3980846695
ISBN-13: 978-3980846691
Product Dimensions: 6.7 x 0.9 x 9.6 inches
Shipping Weight: 1.5 pounds (View shipping rates and policies)
Average Customer Review: 5.0 out of 5 stars See all reviews (3 customer reviews)
Best Sellers Rank: #1,101,457 in Books (See Top 100 in Books) #52 in Books > Business & Money > Economics > Commercial Policy #109 in Books > Business & Money > Accounting > International #2265 in Books > Business & Money > Biography & History > Company Profiles
(From [...])Those who regularly read my writings (both of you) will think this a very strange stance for me to take. Yet it is entirely true: the current woeful state of the world economy can be traced back to Karl Marx. This is because the predominance of neoclassical economics in the academy - and, from there, its dominance in public policy circles in the world's rich countries - originated as a reaction to Marx. Marx stained classical economics by powerfully arguing that capitalism would inevitably evolve into socialism. Hence, the entire edifice of classical economics was abandoned, and the neoclassical (also known as "theoclassical" for the nearly religious fervor its adherents have for it, even in the face of mountains of contrary evidence) school was born. As Hudson puts it, "[s]o inextricably had Marx identified the evolution of capitalism with the emergence of socialist institutions that the minds of orthodox economists snapped shut." Marx had taken the dominant contemporary economics of Adam Smith and David Ricardo, and so convincingly argued that the inevitable end result of the capitalist world system they described was socialism, that subsequent economists (or at least those derided by Marx as "sycophants of capital") were forced to retreat to a fantasy realm constructed entirely of mathematical models that only purportedly described the real world."The use to which Marx put Ricardo's labor theory of value rendered it anathema [...]. An alternative body of economics was developed, a theory of marginal psychological utility rather than focusing on production functions and active government policy. [...
The world economy relies on trade. To a large extent, production and consumption in the various countries are dictated to by the terms of international trade. Today, the oceans are dotted with supertankers filled with consumable commodities and capital goods. And as Michael Hudson tells it, the history of economic thought has been a reaction to the effects of international trade upon domestic economies. When trade advantages one party over another, hard currency tends to flow from the disadvantaged to the advantaged. Economists then come onto the scene to explain or explain away this and related phenomena. Much of economic thought that gets filtered into the modern political debates focuses on the vertically oriented class struggle between the capitalists and socialists. But Hudson, in his Trade, Development, and Foreign Debt, details for us the impact international trade has had on the world economy. Should the world have spurned international trade, and should each nation or region have relied on its own self-sufficiency, then a science of economics may not have been necessary. Furthermore, if international trade had truly been fair and of benefit to all parties, then the benefits would have been readily apparent to all observers, and again a science of economics may not have been necessary, or at least it would have had a much more narrow focus. But there are problems that result from trade and international finance. Some nations develop and flourish while others seem forever mired in stagnation. Laissez faire economists tend to attribute these differences to the natural proclivities of the environs and the people of a region.
Debt Free for Life: The Ultimate Guide to Get Out of Debt (FREE Bonuses Included) (Debt, Debt Free, Debt Free Forever, Debt Free for Life, Debt Free for Good, Debt Management, Get Out of Debt) Trade, Development and Foreign Debt How to Get Out of Debt, Stay Out of Debt, and Live Prosperously*: Based on the Proven Principles and Techniques of Debtors Anonymous Debt Free or Die Trying: How I Buried Myself in Over $30,000 in Debt and Dug My Way Out Master Your Debt: Slash Your Monthly Payments and Become Debt Free The Debt Escape Plan: How to Free Yourself From Credit Card Balances, Boost Your Credit Score, and Live Debt-Free How to Reduce Your Debt Overnight: A Simple System to Eliminate Credit Card and Consumer Debt Fast The Death of Money: Best Tips How to Survive in Economic Collapse and Get out of Debt (dollar collapse, prepper supplies, prepping, debt free, free money) ... self help, budgeting, money free Book 3) The Death of Money: The Prepper's Guide to Survive in Economic Collapse and How to Start a Debt Free Life Forver (dollar collapse, how to get out of debt) (Preppers, self help, budgeting Book 1) The Death of Money: How to Survive in Economic Collapse and to Start a New Debt Free Life (dollar collapse, prepping, death of dollar, debt free, how to ... how to make money online, shtf Book 1) Debt-Free Living: Eliminating Debt in a New Economy Debt-Proof Living: How to Get Out of Debt & Stay That Way Rich Dad's Guide to Becoming Rich Without Cutting Up Your Credit Cards: Turn "Bad Debt" into "Good Debt" Money Management Tips: Control Money Don't Let It Control You (Budgeting your money, How to save money tips, Get out of debt fast, Live cheap, Debt free, Spend less) Hustle Away Debt: Eliminate Your Debt by Making More Money FOREX Currency Pairs Explained: Knowing The Foreign Exchange Pairs and how to trade them without shrinking your balance Opening America's Market: U.S. Foreign Trade Policy Since 1776 (Business, Society & the State) Day Trade the S&P 500 Index for Fun and Profit: A Unique Method for Using Heikin Ashi Charts to Day Trade S&P500 Futures and ETFs Trade Warriors: States, Firms, and Strategic-Trade Policy in High-Technology Competition GATS and the Regulation of International Trade in Services: World Trade Forum
