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Economics

Books on economy by writers such as Stuart Holland, K. William Kapp, Ken Coates, Michael Barratt Brown and Dexter Whitfield can be found in this section of our website.

You can also find several titles from our European Labour Forum series.

The Social Costs of Neoliberalism
Essays on the Economics of K. William Kapp
By Sebastian Berger

K. William Kapp was an environmental pioneer. Decades ago, he challenged economic theories that disregarded the waste and environmental damage caused by production, recognising that environmental pollution threatens sustainable development.

The Social Costs of Neoliberalism addresses rising levels of social demage in an era of climate change. It does so by reconstructing Kapp's theory of social costs that explains why corporations have a built-in tendency to increase profits by socializing costs, that is, by shifting costs on to society. His focus is on the tremendous scope and irreversibility of this damage, pointing to its systematic character.

Kapp convincingly counters neoliberal and neoclassical arguments on externalities and market failure, that do not fully account for fatal flaws in the market's calculus. His proposed alterntive is a robust framework of social-democratic controls of the economy to prevent effectively such social costs and the damage they cause to our environment.

Price: £15.00

254 Pages | Paperback

ISBN: 978 0 85124 864 6

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<span style='font-size: 14px;'>Europe in Question: - ePUB</span>

Europe in Question: - ePUB
and what to do about it
By Stuart Holland

'Stuart Holland on Europe is akin to Thomas Paine on the French Revolution combined with John Maynard Keynes on the Economic Consequences of the Peace. At a preciously young age, he persuaded Charles De Gaulle to agree to Britain's second application to join the European Economic Community. As an advisor to Jacques Delors he designed solutions to Europe's current problems decades before they even surfaced. Now, with Europe in Question - and what to do about it he offers a new generation of readers unique insights on how Europe can be fixed - as well as warnings that it may not be.'
Yanis Varoufakis
Professor in Economics University of Athens and Visiting Professor LBJ School of Government University of Austin Texas.

Yanis Varoufakis is co-author with James K. Galbraith and Stuart Holland of The Modest Proposal 4.0 of which former French Prime Minister Michel Rocard has commented:

"It neither is modest by ambition nor in intelligence. Its aim is to resolve the Eurozone crisis without directly confronting the sovereignty of any major state, and notably not that of Germany. It combines awareness of room for manoeuvre displaced by monetary authorities for decades and affirms that there can be solutions within existing institutional frameworks."

Europe in Question elaborates this case in The Modest Proposal by an author who was the architect in the 70s of Labour's economic programmes, then a Labour member of parliament, and has been an adviser since the 1960s to European heads of state and government as well as to the ETUC, the European Parliament and the EU Social Partners Economic and Social Committee.

Review
Nirupam Sen - Feb 2016

Nuno Martins on 20 July 2015, Amazon

Price: £9.99

ISBN: 978 0 85124 835 6

ePUB format

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<span style='font-size: 14px;'>Out of Crisis</span>

Out of Crisis
A Project for European Recovery
Edited by Stuart Holland

The world today is gripped in a slump syndrome. So-called recession has developed into major economic and social crisis. This report promotes an international strategy to transform the crisis.

Backing declarations by Left heads of Governments and Party leaders and developing the seminal debate in New Socialist by Stuart Holland, Francis Cripps and other, the report combines the arguments of politival economists, politicians and trade unionists from over a dozen countries, and challenges monetarism with a new model of development for the West European economies. Focusing on strategic aims - to reflate, restructure, and redistribute resources - it also shows the convergence between policies of the main parties of the European Left on public spending, planning and economic democracy.

First published in 1983.

Price: £6.95

200 pages | Paperback

ISBN: 978 0 85124 354 2

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<span style='font-size: 14px;'>The European Imperative</span>

The European Imperative
by Stuart Holland

1992 was supposed to be the greatest year in the history of the European Community since the signature of the Rome Treaty in 1957. In fact, the result of the first Danish referendum, the strains on the exchange rate mechanism of the EMS, and deepening recession threw it into the biggest crisis since President de Gaulle pulled France out of the Council of Ministers in 1965.

In this report to the EC Commission, Stuart Holland argues that reinforcing the European project is imperative for economic and social progress in its member states. National sovereignty has been eroded by mulitnational capital, finance and trade. Member states need to act jointly through the Community to achieve objectives such as full employment, rights at work and welfare.

Price: £14.95

266 pages | Paperback

ISBN: 978 0 85124 557 7

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<span style='font-size: 14px;'>The Market Economy</span>

The Market Economy
From Micro to Mesoeconomics
By Stuart Holland

In The Market Economy Stuart Holland exposes the unreal foundations of conventional microeconomic theory and looks at the way in which a few dozen firms command the output and trade of the world's leading economies. Extending oligopoly power, these firms impose unequal conditions of competition in the market. In contrast with the traditional theory of the firm and industry, big business is now multiproduct, multisectoral, multiregional and multinational. It dominates both the microeconomy of small firms and national macroeconomics policies and performance. New principles and policies, the author argues, are required to explain and counteract such concentrated market power.

Price: £12.95

363 pages - indexed | Paperback

ISBN: 978 0 85124 564 5

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<span style='font-size: 14px;'>The Global Economy</span>

The Global Economy
From Meso to Macroeconomics
By Stuart Holland

The Global Market Economy considers the macroeconomic implications of mesoeconomic power. The global reach of multinational companies has transformed Ricardo's model of international trade, Multinationals comprise Keynesian demand-management policies, erode export competitiveness in the US and UK, diminish tax revenues through transfer pricing, and reduce the effectiveness of monetary policy.

The author shows how public spending sustains rather than drains the private sector, and demonstrates that structural crisis in the global economy has been aggravated by multinational money markets and deflationary monetarist policies.

Price: £15.99

443 pages - indexed | Paperback

ISBN: 978 0 85124 563 8

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European Labour Forum

<span style='font-size: 14px;'>The Right to Work</span>

The Right to Work
The Loss of our First Freedom
Edited by Ken Coates
with chapters by: Michael Barratt Brown,
John Hughes and John Wells

A whole generation has been born, completed its schooling, and entered an increasingly hostile labour market, without ever knowing any relief from mass unemployment. In Britain, calamitous levels of unemployment amongst young people are shadowed by poverty, rising crime, and growing fear of crime.

In this book John Wells has shown how far the British unemployment statistics are polluted, and his testimony has not been effectively challenged. His evidence is reinforced by that of John Hughes, who has shown a similar level of pollution of the employment statistics.

Price: £6.99

122 pages | Paperback

ISBN: 978 0 85124 578 2

ELF Books 9

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Other titles

<span style='font-size: 14px;'>Unmasking Austerity - ePUB</span>

Unmasking Austerity - ePUB
Opposition and Alternatives in Europe and North America
By Dexter Whitfield

Unmasking Austerity: Opposition and Alternatives in Europe and North America exposes how austerity policies have fuelled the fire of recession rather than stimulating growth. It identifies key lessons from organising and action against such policies, and urges a rethink of trade union, community and social movement strategies to overcome austerity. Unmasking Austerity examines the deeper causes of the financial crisis, and exposes the manufactured crises which are being used to dismantle hard-earned labour rights and the welfare state.

A radical alternative strategy includes economic stimulus, reconstruction of public services, faster fundamental reform of banks and financial markets, the elimination of corporate welfare that enriches big business, and strategies to increase labour's share of national income.

Reviews
Sebastian Schipper, Bauhaus-University Weimar - IJURR, Vol.39 Number 3 May 2015

Edward Dingwall - Red Pepper, September 2015

Public Services International - June 2014

Dave Putson - Independent Socialist Networks
May 2014

Price: £9.99

ISBN: 978 0 85124 8325

ePUB format

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<span style='font-size: 14px;'>The Social Costs of Business Enterprise</span>

The Social Costs of Business Enterprise
By K W Kapp
Edited by Michael Barratt Brown

Social Costs is an environmental classic. The main purpose of this book is to present a detailed study of how private enterprise, under conditions of unregulated competition, tends to impose social costs which are not accounted for in entrepreneurial outlays. Instead these costs are shifted to and borne by third persons and the community as a whole. Thus, this book deals at the same time with a specific technical economic question and with broad issues of social philosophy and economic knowledge.

Further information on K. William Kapp.

'Kapp's influence is growing in ecological economics. Social Costs is one of the greatest economics books of the 20th century.'

Julien-François Gerber
Department of Economics
Harvard University

Price: £25.00

348 pages | Paperback

ISBN: 978 0 85124 637 6

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<span style='font-size: 14px;'>New Labour's Attack on Public Services</span>

New Labour's Attack on Public Services
Modernisation by Marketisation? How the commissioning, choice, competition and
contestability agenda threatens public services
and the welfare state.
By Dexter Whitfield

New Labour is creating markets in public services on an unprecedented scale. Privatisation inevitably follows marketisation, eroding democratic accountability and embedding business interests. Alternative policies and strategies must build on the support for democratic governance, social justice and the welfare state. As this timely book makes clear, action by alliances of trade unions, community organisations and civil society organisations is urgently required.

Read reviews by:
Mike Tolochko
Patrick Ainley
Labour Research
Keith Popple
Paul Walker

Price: £11.99

176 pages | ISBN: 978 0 85124 7151

5th Series Number 3

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<span style='font-size: 14px;'>Too Many Grannies?</span>

Too Many Grannies?
Private Pensions, Corporate Welfare and Growing Insecurity
By Richard Minns with Sarah Sexton

This pamphlet was first published in 2006, by Corner House. It is possible to update the figures but the arguments remain and have become even more important as pensions have collapsed in the Anglo-American heartland. The advocates of privatisation express no remorse. The pamphlet tries to explain why this situation arose and what are the real interests involved.

"The main problem, we are told, is how to pay the pensions of so many older people. The World Bank has warned of state budget crises if countries have to pay an extra 9-16 per cent GDP to meet their old-age benefit promises - an "unprecedented economic burden on working age people".

One proposed solution is to raise the pension age, another to raise the retirement age or to abandon it entirely. A third - and the topic of this briefing - is to persuade people, even compel, people to save for their old age so that they rely less on the state. The savings in question would not be stuffed under the mattress or hoarded in a bank vault. Instead, people would be encouraged to put them in pension funds run by private financial institutions, which would invest the money, primarily in stock markets … But more than a decade since this idea was endorsed by the World Bank in its influential 1994 report, Averting the Old Age Crisis, the evidence that it will work remains unconvincing."

From the Introduction

Price: £9.00

40 pages | Pamphlet

ISBN: 978 0 85124 7717

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Spokesman Books | Economics

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