The world economy, market imperatives and alternatives

Monthly Review

Volumn 48, Issue 7, 1996, Pages 6-22

  Albo, Gregory ^a  

^a YORK UNIVERSITY   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 3142720246     PISSN: 00270520     EISSN: None     Source Type: Journal    
DOI: 10.14452/MR-048-07-1996-11_2     Document Type: Article

References (16)

1. R. Reich, The Work of Nations (New York: Knopf, 1991), p. 9.
2. F. Scharpf, Crisis and Choice in European Social Democracy (Ithaca: Cornell University Press, 1991), p.274.
3. P. Anderson, A Zone of Engagement (London: Verso, 1992), p. 367.
4. R. Kuttner, The End of Laissez-Faire (Philadelphia: University of Pennsylvania Press, 1991).
5. "The Myth of the Powerless State," The Economist, October 7, 1995, p. 16. They were, of course, warning of the dangers of state intervention.
6. L. Panitch, "Globalisation and the State," in R. Miliband and L. Panitch, eds., Social Register 1994: Between Globalism and Nationalism (London: Merlin, 1994), p. 87.
7. On democracy as not only a political form but an alternative to the market as an economic regulator, see Ellen Meiksins Wood, Democracy Against Capitalism: Renewing Historical Materialism (Cambridge: Cambridge University Press, 1995), especially the Conclusion.
8. This discussion draws upon G. Albo, D. Langille, and L. Panitch, eds., A Different Kind of State? Popular Power and Democratic Administration (Toronto: Oxford University Press, 1993);
9. R. Miliband, Socialism for a Sceptical Age (Oxford: Polity Press, 1994);
10. A. Lipietz, Towards a New Economic Order (New York: Oxford University Press, 1992).
11. Economies of scale here means long production runs. Other ways of increasing returns to scale are, in principle, possible, by combining flexibility, external organizational economies, and specialization.
12. The variability of economic development has, if anything, increased, now that the configuration of the world is no longer what it was in the classic age of imperialism. Capitalism is no longer a one-sided process emanating from the North - with the four "tigers" of Asia, the relative decline and trade problems of the United States, and national capitalists in many countries mobilizing against inward-oriented economic policies.
13. These shifts in direction can be neatly traced in the key OECD reports: Towards Full Employment and Price Stability (Paris: OECD, 1977);
14. Employment Growth and Structural Change (Paris:OECD, 1985);
15. The OECD Jobs Study (Paris: OECD, 1994).
16. R. Williams, The Fight for Manod (London: Chatto and Windus, 1979), p. 181.