The prerogatives of the state are diminishing in some domains, but growing in others. In what will be a four-part syllabus series, the ISN will look at ‘intervention’ as an evolving norm in international politics, in a variety of contexts. We’ll kick off with the latest and greatest literature on ‘market intervention’ and the emerging role of the state in international political economy.
With the bailouts that accompanied the 2008 financial crises and the current Eurozone crisis, state frontiers may be making a comeback — even in Europe. But what do these developments say about ‘market intervention’ as an evolving international norm?
Read and form your own opinion!
Recent Journal Articles:
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The Relevance of Keynes Robert Skidelsky Cambridge Journal of Economics Vol. 35, no. 1, 2011, c.f. also this excerpt |
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The Post-Washington Consensus Francis Fukuyama & Nancy Birdsall Foreign Affairs March/April, 2011 |
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The End of an Era in International Financial Regulation? A Postcrisis Research Agenda Stefano Pagliaria & Eric Helleiner International Organization Vol. 65, no. 1, 2011 |
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A Bretton Woods Moment? The 2007-09 Crisis and the Future of Global Finance Eric Helleiner International Affairs Vol. 86, no. 3, 2010 |
Special Issues
There have been a number of special issues, and special sections, of journals devoted to the global financial crisis and the emerging role of the state. They include:
Critical Review Vol. 23, no. 1-2, 2011
New Political Economy Vol. 15, no. 1, 2010
Cambridge Journal of Economics Vol. 33, no. 4, 2009
Journal of International Affairs Vol. 62, no. 1, 2008
Other Essays
| “We Need New Models in an Uncertain World” John Authers Financial Times March 11, 2011 |
“A New World Architecture” George Soros Project Syndicate November 4, 2009 |
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| “The Ideological Crisis of Western Capitalism” Joseph Stiglitz Project Syndicate July 7, 2011 |
“Give Us All Your Money” Stefan Theil Newsweek October 4, 2010 |
| “Keynes: The Rise, Fall, and Return of the 20th Century’s Most Influential Economist” Peter Clarke New York Times October 30, 2009, c.f. also this review |
New and Upcoming Books
| The World After the Financial Crisis Simon Johnson & Arvind Subramanian; Peterson Institute, 2011 Click here to read a review |
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| The End of The Free Market: Who Wins the War Between States and Corporations? Ian Bremmer; Penguin, 2010 Click here to read a review |
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| This Time is Different: Eight Centuries of Financial Folly Carmen Reinhart & Kenneth Rogoff Princeton University Press, 2010 Click here to read a review |
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| Freefall: Free Markets and the Sinking of the Global Economy Joseph Stiglitz; Penguin Group, 2010 Click here to read a review |
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| Time for a Visible Hand: Lessons from the 2008 World Financial Crisis Stephany Griffiths-Jones; Oxford University Press, 2010 Click here to read a review |
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Books Being Taught*
The Market or the Public Domain?
Daniel Drache; Routledge, 2001
One Economics, Many Recipes
Dani Rodrik; Princeton University Press, 2007
Keynes: The Twentieth Century’s Most Influential Economist
Peter Clarke; Bloomsbury Press, 2009
The Washington Consensus Reconsidered: Towards a New Global Governance
Joseph Stiglitz; Oxford University Press, 2008
The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means
George Soros; Public Affairs, 2008
The Return of Depression Economics and the Crisis of 2008
Paul Krugman; W. W. Norton, 2008
Click here for a review of the book
The Trouble With Markets: Saving Capitalism from Itself
Roger Bootle; Nicholas Brealey, 2009
Click here for a review of the book
*Selected from Simon Lee’s courses on International Political Economy at the University of Hull, Hull, United Kingdom
Classics
The Politics and Philosophy of Economics: Marxians, Keynesians and Austrians
Terence Hutchison; Ashgate, 1981
The Challenge of Global Capitalism
Robert Gilpin; Princeton University Press, 2002
The ISN’s own Digital Library contains further reading:
3 replies on “A Reading List On: Market Intervention”
The issue of free access is also currently in the headlines as thousands of academic papers hosted on JSTOR have been “stolen” or “liberated” – depending on your perspective:
http://www.pcper.com/news/General-Tech/18592-Academic-Papers-Released-Public-Torrent
Hi Jon P T L!
Thank you for comment, it goes without saying that I concur. In an ideal world access to publications, journal and news magazines would be free of charge. While this is increasingly not so our work here at the ISN becomes all the more important. We are dedicated to keeping our services free of charge, for everyone to access. By doing this we hope that the IR, security and other cognate disciplines will foster an interactive community of information and knowledge sharing.
During the fall the ISN will discuss various aspects of global governance.
Excellent list of must reads – unfortunately some are behind a paywall… Miss the days of student access to them all. It would be interesting to find out what ISN makes of it all.