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Global Economy, Global Justice
Theoretical and Policy Alternatives to Neoliberalism
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This book rejects the claim of neoclassical economics that the global, market-based economy emerging today represents the highest possible stage of economic development. In place of global neoliberalism, the book calls for new policy regimes that promote global equality. Global Economy, Global Justice explores a vital question that is suppressed in most economics texts: "what makes for a good economic outcome?" Neoclassical theory embraces the normative perspective of "welfarism" to assess economic outcomes. This volume demonstrates the fatal flaws of this perspective - flaws that stem from objectionable assumptions about human nature, society and science. Exposing these failures, the book obliterates the ethical foundations of global neoliberalism.
George DeMartino probes heterodox economic traditions and philosophy in search of an ethically viable alternative to welfarism. Drawing on the work of Amartya Sen, DeMartino proposes the egalitarian principle of the "global harmonization of capabilities" to guide economics. This principle provides a basis for resisting oppression the world over while nevertheless demanding respect for cultural diversity. DeMartino putsuthis principle to work adjudicating contemporary debates over global policy regimes, and completes the book with a set of deeply egalitarian global policies for the year 2025. Global Economy, Global Justice's engaging prose will appeal to those seeking to understand the intersection between economics and political philosophy. Its focus on the normative foundations of contemporary policy disputes makes it unique in the literature on globalization.
Routledge; December 1999
294 pages; ISBN 9780203013168
Read online, or download in secure PDF format or MobiPocket
294 pages; ISBN 9780203013168
Read online, or download in secure PDF format or MobiPocket
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9781134592807
9781134592791
9780415124270
9780203013168
0203013166