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A Reading List On: Market Intervention

Books in perspective. Photo: Flickr/darren 131

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:

The Relevance of Keynes
Robert Skidelsky
Cambridge Journal of Economics

Vol. 35, no. 1, 2011, c.f. also this excerpt

The Post-Washington Consensus
Francis Fukuyama & Nancy Birdsall
Foreign Affairs
March/April, 2011

The End of an Era in International Financial Regulation? A Postcrisis Research Agenda
Stefano Pagliaria & Eric Helleiner
International Organization
Vol. 65, no. 1, 2011

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
“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
The End of The Free Market: Who Wins the War Between
States and Corporations?

Ian Bremmer;
Penguin, 2010
Click here to read a review

This Time is Different: Eight Centuries of Financial Folly
Carmen Reinhart & Kenneth Rogoff
Princeton University Press, 2010
Click here to read a review
Freefall: Free Markets and the Sinking of the Global Economy
Joseph Stiglitz;
Penguin Group, 2010
Click here to read a review

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


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 Responses to “A Reading List On: Market Intervention”

  1. 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.

  2. 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.

  3. 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