Overview

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.

Full Product Details

9780415124270

Table of Contents

Reviews

Global Economy, Global Justice should be quite useful for upper-level undergraduates or master's level courses in international relations and the global economy. -Paul Burkett New Political Science. Vol.24, No. 1 This is an extraordinarily creative and comprehensive book. It traces the theoretical roots of the current widespread celebration of the market, offers an alternative perspective that can far better serve the campaign for global justice, and provides a series of concrete policy reforms to promote global equality. Any one of these accomplishments is significant and much needed. Together, they offer a masterful synthesis as well as a provocative call to action one that must be heeded by proponents and critics of neoliberalism alike. -Julie Graham, Professor, University of Massachusetts George De Martino has written a fantastic book! It is simply the best available analysis of the neo-liberal package of ideas, which have so far guided (and deformed) globalization. By offering lucid criticism and alternatives, De Martino also offers readers an excellent perspective on global economic reform. -Richard Falk, Albert G. Milbank Professor of International Law and Practice, Princeton University When all the hype surrounding globalization finally settles down, it is books like Global Economy, Global Justice that will prove most influential. DeMartino has put the phenomenon of globalization in philosophical and political perspective, without presuming that his own views are value free. The book also provides some creative solutions to the ethical dilemmas raised by globalization. I strongly recommend Global Economy, Global Justice for anyone seeking abalanced perspective on the rapid changes occurring in the world economy today. -William Milberg, Chair, Department of Economics, New School for Social Research

Global Economy, Global Justice should be quite useful for upper-level undergraduates or master's level courses in international relations and the global economy. <br>-Paul Burkett New Political Science. Vol.24, No. 1 <br> This is an extraordinarily creative and comprehensive book. It traces the theoretical roots of the current widespread celebration of the market, offers an alternative perspective that can far better serve the campaign for global justice, and provides a series of concrete policy reforms to promote global equality. Any one of these accomplishments is significant and much needed. Together, they offer a masterful synthesis as well as a provocative call to action one that must be heeded by proponents and critics of neoliberalism alike. <br>-Julie Graham, Professor, University of Massachusetts <br> George De Martino has written a fantastic book! It is simply the best available analysis of the neo-liberal package of ideas, which have so far guided (and deformed) globalization. By offering lucid criticism and alternatives, De Martino also offers readers an excellent perspective on global economic reform. <br>-Richard Falk, Albert G. Milbank Professor of International Law and Practice, Princeton University <br> When all the hype surrounding globalization finally settles down, it is books like Global Economy, Global Justice that will prove most influential. DeMartino has put the phenomenon of globalization in philosophical and political perspective, without presuming that his own views are value free. The book also provides some creative solutions to the ethical dilemmas raised by globalization. I strongly recommend Global Economy, Global Justice for anyone seeking abalanced perspective on the rapid changes occurring in the world economy today. <br>-William Milberg, Chair, Department of Economics, New School for Social Research <br>

Author Information

George DeMartino is an Associate Professor at the Graduate School of International Studies, University of Denver

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