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Bankruptcies and Bailouts
Edited by Wayne Antony, Julie Guard
Recession? Depression? Market adjustment? Billion-dollar bailouts? Just what is happening to the economy? Like the rest of the industrialized world, Canada is in the midst of an economic crisis that is cleary of global proportions. Yet, Nobel Prize winning economists failed to see it coming. This is unsurprising since, in the words of the newly humble Alan Greenspan, the crisis revealed “a flaw in the model ... that defines the way the world works.” Bankruptcies and Bailouts explains… (more information)
Economics for Everyone
A Short Guide to the Economics of Capitalism
Jim Stanford
Economics is too important to be left to economists. This brilliantly concise and readable book provides nonspecialist readers with all the information they need to understand how capitalism works (and how it doesn’t). Jim Stanford’s book is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wage labour are explored, and their importance in everyday life is revealed. Stanford answers questions… (more information)
Global Capitalism in Crisis
Karl Marx & The Decay of the Profit System
Murray E.G. Smith
The world economy is currently experiencing a devastating slump not seen since the Second World War. Unemployment rates are skyrocketing and salaries are plummeting in the developed world, while astronomical food prices and starvation ravage the developing world. The crisis in global capitalism, Smith argues, should be understood as both a composite crisis of overproduction, credit and finance, and a deep-seated systemic crisis. Using Marx to analyze the origins, implications and scope of the current… (more information)
Global Trade
Past Mistakes, Future Choices
Greg Buckman
Trade, along with the free movement of capital, is at the heart of today’s international economy. But international trade is an intensely political and contested subject. This book traces the history of global trade, the impact of current global trading arrangements on poverty, inequality and the environment, its hugely differential consequences for high-income and low-income countries, and future options for revised trading arrangements. It argues that factors like future fossil fuel costs… (more information)
Juggernaut Politics
Understanding Predatory Globalisation
Jacques B. Gelinas
This book explains the global economy and uncovers the facts behind the hype. Globalisation is not a vehicle without a driver, or an irresistible and inevitable force of nature, as political leaders and pundits would have us believe. Juggernaut Politics identifies the actual institutions and people controlling the system and explains how the globalisation machine really works. It exposes the hidden face of the unregulated global market and its unequal trade treaties and domination by big money.… (more information)
Market and Society
An Introduction to Economics
Jeanne Baillargeon
This book offers the reader an opportunity to learn about the major ideas of formal, classical microeconomics. It allows the reader to put a critical perspective on economics and their immediate and long-term impact on people. The theoretical “free market” model, as it was understood and described by the early liberal economists, is compared with the functioning of the “real” market today. The state intervenes to strengthen or weaken the power of some of the major economic… (more information)
Ploughing Up the Farm
Neoliberalism, Modern Technology and the State of the World’s Farmers
Jerry Buckland
Ploughing Up the Farm brings together an impressive array of evidence to show that neoliberalism and modern technology underlie recent trends: rural depopulation in the North, rising rural poverty in the South and environmental problems all around the farming world. Market-driven growth and trade liberalization have encouraged production for agricultural export, and the growing use of chemical inputs are often biased against Third World farmers and small farmers everywhere. Jerry Buckland calls… (more information)
Public Service, Private Profits
The Political Economy of Public-Private Partnerships in Canada
John Loxley, Salim Loxley
PPPs/P3s have become all the rage amongst every level of government in Canada in recent years. Proponents claim P3s reduce the costs of building and operating public projects and services,that projects and services are delivered more efficiently through the P3 model, so that in the end taxpayers are better off economically and as consumers of public goods. This book tests all of these claims, and more, finding them mostly empty, ideological assertions. Through an exhaustive series of case studies… (more information)
Social Economy
Health and Welfare in Four Canadian Provinces
Edited by Louise Tremblay, Yves Vaillancourt
The fundamental principles of the social economy are solidarity, democratic organization of work, and user and community participation. Based on a three-year study carried out by researchers at the Université du Québec “ Montréal, Université de Moncton, the University of Ottawa and the University of Regina, the essays here testify to the value and diversity of the social economy sector in four Canadian provinces. Researchers explore the realities of the third sector… (more information)
Stolen Fruit
The Tropical Commodities Disaster
Peter Robbins
Many countries in the South have been encouraged to grow coffee, sugar, cotton and other crops, but small farmers get only a tiny share of the final price of these commodities in the North. As prices collapse, the terms of trade between North and South have widened. This investigation, by one of the leading authorities on commodity trading, analyzes the current trading arrangements and their disastrous effect on foreign exchange earnings, tax revenues and economic growth in developing countries.… (more information)
The Global Food Economy
The Battle for the Future of Farming
Tony Weis
The modern food industry is a paradox: surplus “food mountains” sit alongside global malnutrition; the developed world subsidized its own agriculture while pressurizing the developing to liberalize at any cost; and an increasingly aggressive export competition is accompanied by a growing reliance on imports in many countries. The WTO’s uneven application of neoliberal economics to food production is relatively new, and the consequences of mounting deficits, rising “food miles… (more information)
The Money Changers
A Guided Tour Through Global Currency Markets
Robert G. Williams
Currency markets, worth almost $2 trillion per day in trade, link the world together. Yet few people know how they work and why they are prone to instability and bouts of panic. This book, neither a technical manual nor a get-rich-quick tract, takes the reader on a guided tour of the places, the machines, the circuitry and the people involved in moving the world’s money. From the simple to the complex, currency traders, market analysts, money managers and payments systems architects show their… (more information)
Who Owes Who?
50 Questions about World Debt
Damien Millet, Eric Toussaint
This book explains in a simple but precise manner how and why the debt impasse for developing countries has arrived. Illustrated with figures, maps and tables, it details the roles of the actors involved and the mesh in which indebted countries are caught. It explains scenarios for getting out of this impasse and alternatives to future indebtedness. It also sets out the arguments—moral, political, economic, legal and environmental—for a wholesale cancellation of developing countries&… (more information)