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Capitalism Unleashed: Finance, Globalization, and Welfare (Paperback)

by The Late Andrew Glyn (Author) "We all had the feeling it could come apart in quite a serious way ..." (more)

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Product details

Paperback: 256 pages
Publisher: OUP Oxford; New Ed edition (5 Jul 2007)
Language English
ISBN-10: 0199226792
ISBN-13: 978-0199226795
Product Dimensions: 23.2 x 15.4 x 1.6 cm

Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)

Amazon.co.uk Sales Rank: 200,830 in Books (See Bestsellers in Books)

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Product Description

Tribune, 2 June 2006
a powerful critique --This text refers to the Hardcover edition.

Review
Capitalism Unleashed is a brilliant book that should be read by everyone with a serious interest in the economic history of the past three decades and who wants to understand better the economic issues and dilemmas that will face us in the years ahead. (Tim Lankester World Economics )

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We all had the feeling it could come apart in quite a serious way. Read the first page

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5.0 out of 5 stars Excellent grown-up guide to globalisation in practice, 13 Oct 2006

By	Sp Coulter (London, UK) - See all my reviews (REAL NAME)

This review is from: Capitalism Unleashed: Finance, Globalization, and Welfare (Hardcover)

"Capitalism Unleashed" is a sober, meticulously-researched and ultimately quite convincing analysis of what has happened to the global economy over the last 50 years.

Author Andrew Glyn's rhetorical starting point is the cosy days of the 1950s: the so-called "Golden Age" of western capitalism when there was plenty of work to go around and the economic cake was shared out relatively equally thanks to generous welfare states.

Somewhere between then and now we ended up with deregulated labour markets, welfare state retrenchment, workplace insecurity and - worst of all in Glyn's view - an enormous ratcheting up of social inequalities. Most economists agree that the culprit in all this is globalisation (defined as the growing internationalisation of capital with the threat of exit). What this book tries to do - and succeeds, in my view - is show how the results of this process were conditioned by specific government responses to globalisation in terms of the economic policies they chose to pursue.

In other words, Glyn's point is that, while globalisation is probably inevitable, governments don't have to respond to them by slashing welfare safety nets or allowing multinationals carte blanch to do as they like. This, unfortunately, is how a number of countries have responded, to a greater or lesser degree, and Glyn shows how this is as much a result of governments and multilateral institutions' willingness to swallow neo-liberal economic dogma as any reasoned analysis of the situation.

The book is divided into topical chapters dealing with, among other things, growth policies, labour markets, welfare states, the emerging Asian economies and financial regulation. Each chapter is laced with statistics and, while the jargon is kept to a minimum, readers will find some acquaintance with economics concepts useful.

Glyn is an Oxford economics don, and former advisor to the National Union of Mineworkers - so he is plainly not without an agenda. Fortunately, he makes he case through rigorous analysis and careful marshalling of the facts rather than the vacuous posturing and childish conspiracy theories which characterise much of the rest of the Left's critique of globalisation.

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6 of 8 people found the following review helpful:

5.0 out of 5 stars An excellent book. Informative and stimulating, 2 May 2006

By	Jonathan (Oxford UK) - See all my reviews

This review is from: Capitalism Unleashed: Finance, Globalization, and Welfare (Hardcover)

I found Capitalism Unleashed very stimulating and interesting and would recomend anyone interested in recent economic history. Well written and clearly explained this was truly every bit as good as the reviews made it out to be.

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