A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies.
Exploring a variety of theoretical approaches, chapters offer sustainable growth-inducing policies and proposals to address important challenges in this era of neoliberal globalization and financialization. With key contributions by distinguished academics in the field, the book evaluates past efforts and policies and critiques failed perspectives.
A critical read for political economics scholars wishing to look beyond orthodox perspectives, this book highlights key areas of contention in modern economic policies. This will also be a vital book for policy-makers and economists looking ahead to a more sustainable economic atmosphere.
'The severity of socio-economic problems facing advanced and developing economies calls for new thinking about the role of the state. This volume brings together an impressive collection of innovative analyses of how the state (at the national and international levels) can evolve to promote more sustainable economies and more equitable societies.'
– Sheila C. Dow, University of Stirling, UK
'A landmark in innovative thinking about theory and policy and the role of government in both developing and developed economies. Starting from the state in much of the world at the moment, in which large multinational oligopolies dominate decision making, the editors and contributors analyse the emergence of unstable economic, political and social processes associated with the imposition of neoliberal theory and policies. The latter are based on a number of planks, most of which are fallacious, especially the need for austerity programs, deregulation of financial and real markets and unrestrained international capital flows.'
– from the Foreword by Geoffrey C. Harcourt
Contributors: P. Arestis, J. Bens, H. Bortis, R. Correa, F. Dantas, A.K. Dutt, W. Elsner, J. Ferreiro, S. Fullwiler, N. Karagiannis, S. Kelton, J.E. King, Z. Madjd-Sadjadi, T. Niechoj, D. Pearson, S. Rossi, M. Sawyer, P.R. Tcherneva, J. Toporowski, L.R.l. Wray.
Edited by Nikolaos Karagiannis, Professor of Economics, Winston-Salem State University, US and John E. King, Emeritus Professor, La Trobe University, Australia and Honorary Professor, Federation University Australia.