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Inclusive Capitalism
Inclusive capitalism is a theoretical concept and policy movement that seeks to address the growing income and wealth inequality within Western capitalism following the financial crisis of 2007–2008 to improve business and society. Semantic interpretation Inclusive capitalism is a term composed of two complementary meanings. The first one is that poverty is a significant, systemic problem in countries which have already embraced or are transitioning towards capitalistic economies. The second one is that companies and non-governmental organizations can sell goods and services to low-income people, which may lead to targeted poverty alleviation strategies, including improving people's nutrition, health care, education, employment and environment, but not their political power. Philosophical origin Inclusive capitalism originates with philosophical questions that predate modern day capitalism. These questions regard people's motivation. Are people motivated by what is best ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitabi ...
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Karl Polanyi
Karl Paul Polanyi (; hu, Polányi Károly ; 25 October 1886 – 23 April 1964),''Encyclopædia Britannica'' (Chicago: Encyclopædia Britannica Inc. 2003) vol 9. p. 554 was an Austro-Hungarian economic anthropologist and politician, best known for his book '' The Great Transformation,'' which questions the conceptual validity of self-regulating markets. In his writings, Polanyi advances the concept of the Double Movement, which refers to the dialectical process of marketization and push for social protection against that marketization. He argues that market-based societies in modern Europe were not inevitable but historically contingent. Polanyi is remembered best as the originator of substantivism, a cultural version of economics, which emphasizes the way economies are embedded in society and culture. This opinion is counter to mainstream economics but is popular in anthropology, economic history, economic sociology and political science. Polanyi's approach to the anci ...
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Foreign Affairs
''Foreign Affairs'' is an American magazine of international relations and U.S. foreign policy published by the Council on Foreign Relations, a nonprofit, nonpartisan, membership organization and think tank specializing in U.S. foreign policy and International relations, international affairs. Founded on 15 September 1922, the print magazine is currently published every two months, while the website publishes articles daily and anthologies every other month. ''Foreign Affairs'' is considered one of the United States' most influential foreign policy magazines. Over its long history, the magazine has published a number of seminal articles including George F. Kennan, George Kennan's "X Article", published in 1947, and Samuel P. Huntington's "The Clash of Civilizations," published in 1993. Important academics, public officials, and policy leaders regularly appear in the magazine's pages. Recent ''Foreign Affairs'' authors include Robert O. Keohane, Hillary Clinton, Donald H. Rumsfeld ...
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World Resources Institute
The World Resources Institute (WRI) is a global research non-profit organization established in 1982 with funding from the MacArthur Foundation under the leadership of James Gustave Speth. WRI's activities are focused on seven areas: food, forests, water, energy, cities, climate and ocean. Organization The World Resources Institute (WRI) maintains international offices in the United States, China, India, Indonesia, Mexico, and Brazil. The organization's mission is to promote environmental sustainability, economic opportunity, and human health and well-being. WRI partners with local and national governments, private companies, publicly held corporations, and other non-profits, and offers services including global climate change issues, sustainable markets, ecosystem protection, and environmental responsible governance services. WRI has maintained a 4 out of 4 stars rating from Charity Navigator since 1 October 2008. In 2014, Stephen M. Ross, an American real estate develop ...
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Ross School Of Business
The Stephen M. Ross School of Business, also known as Michigan Ross, is the business school of the University of Michigan, a public research university in Ann Arbor, Michigan. Founded in 1924, the school is ranked among the best business schools in the world by ''The Economist'', ''Financial Times'', ''QS World University Rankings'', '' U.S. News & World Report'', and ''Bloomberg Businessweek''. The Ross School of Business offers bachelor's, master's, and doctoral degrees, as well as an executive education program. Its Bachelor of Business Administration (BBA), Master of Business Administration (MBA), and Executive Education programs have been ranked among the top in the U.S. and the world. Ross also offers dual degrees with other University of Michigan colleges and schools. The Distinguished Leader Certificate is offered by the Executive Education program. History Early history (1900–1923) The first business courses were offered at the University of Michigan in 190 ...
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Strategy
Strategy (from Greek στρατηγία ''stratēgia'', "art of troop leader; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the " art of the general", which included several subsets of skills including military tactics, siegecraft, logistics etc., the term came into use in the 6th century C.E. in Eastern Roman terminology, and was translated into Western vernacular languages only in the 18th century. From then until the 20th century, the word "strategy" came to denote "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills" in a military conflict, in which both adversaries interact. Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to ...
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Google Scholar
Google Scholar is a freely accessible web search engine that indexes the full text or metadata of scholarly literature across an array of publishing formats and disciplines. Released in beta in November 2004, the Google Scholar index includes peer-reviewed online academic journals and books, conference papers, theses and dissertations, preprints, abstracts, technical reports, and other scholarly literature, including court opinions and patents. Google Scholar uses a web crawler, or web robot, to identify files for inclusion in the search results. For content to be indexed in Google Scholar, it must meet certain specified criteria. An earlier statistical estimate published in PLOS One using a mark and recapture method estimated approximately 80–90% coverage of all articles published in English with an estimate of 100 million.''Trend Watch'' (2014) Nature 509(7501), 405 – discussing Madian Khabsa and C Lee Giles (2014''The Number of Scholarly Documents on the Public W ...
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JSTOR
JSTOR (; short for ''Journal Storage'') is a digital library founded in 1995 in New York City. Originally containing digitized back issues of academic journals, it now encompasses books and other primary sources as well as current issues of journals in the humanities and social sciences. It provides full-text searches of almost 2,000 journals. , more than 8,000 institutions in more than 160 countries had access to JSTOR. Most access is by subscription but some of the site is public domain, and open access content is available free of charge. JSTOR's revenue was $86 million in 2015. History William G. Bowen, president of Princeton University from 1972 to 1988, founded JSTOR in 1994. JSTOR was originally conceived as a solution to one of the problems faced by libraries, especially research and university libraries, due to the increasing number of academic journals in existence. Most libraries found it prohibitively expensive in terms of cost and space to maintain a compre ...
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Binary Economics
Binary economics, also known as two-factor economics, is a theory of economics that endorses both private property and a free market but proposes significant reforms to the banking system. According to theories first proposed by Louis Kelso, widespread use of central bank-issued interest-free loans to fund employee-owned firms can finance economic growth whilst widening stock ownership in a way which binary economists believe will be non-inflationary. The term "binary" derived from its heterodox treatment of labor and capital (but not in the sense of binary opposition).Rodney Shakespeare (2007) ''The Modern Universal Paradigm''. Kelso claimed that in a truly free market wages would tend to fall over time, with all the benefits of technological progress accruing to capital owners. Overview Binary economics rejects the claim that neoclassical economics alone promotes a ' free market' which is free, fair and efficient. (e.g., as an interpretation of the classical First Funda ...
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Robert Ashford
Robert Ashford is Professor of Law at the Syracuse University College of Law, in Syracuse, New York. He teaches subjects including Binary Economics, Business Associations, Corporations, Securities Regulation and Professional Responsibility. Education Professor Ashford holds a J.D. with honors from Harvard Law School. He also holds a B.A. with majors in physics and English literature from the University of South Florida, where he graduated first in his class. As a Woodrow Wilson Fellow at Stanford University, he studied creative writing and English literature. "Professor Ashford is the founder and principal organizer of the Section on Socio-Economics of the Association of American Law Schools and a member of the Editorial Board of the Journal of Socio-Economics, the academic honor societies of Phi Kappa Phi and Sigma Pi Sigma (physics), and the American Law Institute." Publications *Binary Economics: the New Paradigm, with Rodney Shakespeare (University Press of America, 1999 ...
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Trade
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other produc ...
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