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Now as for references, I literally have a whole bookshelf filled with arguments and evidence debunking the ideas that social protection and the welfare state are bad for growth and employment, sketching out alternative employment policies, and proposing new economic doctrines as alternative to neoliberalism.

Let me just point out just three of my favorites, by a journalist, an economic historian, and a sociologist, respectively:

The Economic Illusion: False Choices Between Prosperity and Social Justice by Robert Kuttner

The economic illusion is the belief that social justice is bad for economic growth. . . . prosperity and social justice can be reconciled . . . they can be mutually reinforcing. . . . often social justice produces positive-sum economic gains. . . . All of these issues are deeply political. . . . The range of equality/efficiency bargains that present themselves and the design of social institutions to carry them out reflect balances of political power. Few if any of the choices are merely technical . . .

Growing Public: Social Spending and Ecoonmic Growth since the 18th Century by Peter Lindert

Lindert argues that, contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth.

Postindustrial Possibilities: A Critique of Economic Discourse by Fred Block

. . . Block takes as his point of departure the tired concepts of neo-classical economics which, while still dominant, fall short as tools for comprehending contemporary economic forces. . . . . such as the market, labor, and capital. One of its primary foci is a shift toward improved product quality and greater priority for various non-commodity satisfactions such as leisure, interesting work, economic security and a safe and clean environment. It also promotes a recognition that greater economic efficiency rests not on infusions of capital but on cooperative labor relations and on institutional reform.

There is a "varieties of capitalism" literature in political science and sociology (not so much in economics, unfortunately) that takes seriously differences in institutions across countries. Here are some good introductory references:

You can also look at this older comment for some (mostly-US) sources and people to take a look at. Also here and here and here from our old Creating A New Left Economic Manifesto threads.

Some others I particularly like on aspects of the European social model include:

In terms of a general introduction to alternative ways of looking at economics, in addition to the Block book above:

by TGeraghty on Mon Mar 20th, 2006 at 08:07:24 PM EST
[ Parent ]
At the risk of shameless self-promotion, there are also more references:

Employment Policy

Monetary Policy

OK, this may be boring stuff to many of you, but necessary, I think.
by TGeraghty on Mon Mar 20th, 2006 at 08:30:16 PM EST
[ Parent ]
With the constant propaganda campaign being waged by the Neo-Con/Lib's where the hell are all these people and why aren't they speaking up?
by ATinNM on Mon Mar 20th, 2006 at 08:51:34 PM EST
[ Parent ]
You mean, beyond writing papers and books?

Some kind of joint political statement, maybe?

Here's something along these lines: Alternative Economic Policy for Europe with a list of signatories here.

by TGeraghty on Mon Mar 20th, 2006 at 09:08:54 PM EST
[ Parent ]
Writing books and papers is the first step, certainly.

But the next step is getting the message out.

I suggest you, me, and my shorts move the discussion to your diary

by ATinNM on Tue Mar 21st, 2006 at 01:16:48 AM EST
[ Parent ]
Oh, and Kuttner, of course, is one of the founders of the center-left magazine The American Prospect that is trying to push the debate to the left in the US.
by TGeraghty on Mon Mar 20th, 2006 at 10:17:00 PM EST
[ Parent ]
Here's another good reference:

Social Protection versus Economic Flexibility: Is There a Trade-Off?

Some of the book's conclusions:


  • Little evidence that labor market flexibility is substantially affected by the presence of publicly-provided social protection programs such as employment protection, health insurance, pension benefits, unemployment benefits and income assistance, or childcare and maternity leave; nor is the speed of labor-market adjustment enhanced by limiting such programs.

  • There is more than one kind of flexibility: countries with extensive social protection systems find other ways to adjust to recessions. For example, compared to the US, Germany relies more heavily on adjusting hours of work rather than employment when faced with an economic downturn.

  • Social protection programs provide substantial benefits to workers. Any analysis of the effects of removing social protections must include the costs to workers of doing so, against any benefits in increased employment that might occur.
by TGeraghty on Tue Mar 21st, 2006 at 03:35:57 AM EST
[ Parent ]
Whoa!

That'll teach me to ask.

Definitely going to have to be a group effort at the moment, I reckon.

Oh well, time to start reading and thinking...

by Metatone (metatone [a|t] gmail (dot) com) on Tue Mar 21st, 2006 at 10:23:55 AM EST
[ Parent ]

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