Redefining the Market-State Relationship: Responses to the by Ioannis Glinavos

By Ioannis Glinavos

This publication deals an interdisciplinary evaluation of the function of legislation in smooth capitalism within the context of monetary main issue. during this paintings, the reader will discover a dialogue of key concerns correct to the situation that experience occupied the pages of the monetary press due to the fact that 2007 together with an evaluate of the meltdown of the sub-prime personal loan industry, the credits crunch, the eu debt drawback and the turmoil in Greece, plus a sequence of theoretical contributions which are aimed to problem perceptions of the market-state courting and where of legislation inside it.

The publication incorporates a methodological defence of the state-market dichotomy, a critique of the tenets of neoclassical economics, and an overview of what the monetary obstacle heralds for the way forward for the political economic climate of western democracies. Ioannis Glinavos argues that it's a mistake to affiliate markets with freedom and states with oppression, and means that extra selection for shoppers can -and does- suggest much less selection for voters. The ebook means that a brand new social agreement is required to make sure the survival of either capitalism and democracy.

In contributing a distinct, criminal standpoint to the underlying dynamics of the monetary challenge, this booklet can be beneficial to students and scholars of rules, monetary markets and monetary development.

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