Rethinking Unequal Exchange

Rethinking Unequal Exchange traces the structural forces that have created the conditions for the increasing use, production, and circulation of temporary migrant nurses worldwide. Salimah Valiani explores the political economy of health care of three globally important countries in the importing and exporting of temporary migrant nurses: the Philippines, the world's largest supplier of temporary migrant nurses; the United States, the world's largest demander of internationally trained nurses; and Canada, which is both a supplier and a demander of internationally trained nurses. Using a world historical approach, Valiani demonstrates that though nursing and other caring labour is essential to human, social, and economic development, the exploitation of care workers is escalating. Valiani cogently shows how the global integration of nursing labour markets is deepening unequal exchange between the global North and the global South.

Are money and technology the core illusions of our time? In this book, Alf Hornborg offers a fresh assessment of the inequalities and environmental degradation of the world. He shows how both mainstream and radical economists are limited by a particular worldview and, as a result, do not grasp that conventional money is at the root of many of the problems that are threatening societies, not to mention planet Earth itself. Hornborg demonstrates how market prices obscure asymmetric exchanges of resources - human labor, land, energy, materials - under a veil of fictive reciprocity. Such unequal exchange, he claims, underpins the phenomenon of technological development, which is, fundamentally, a redistribution of time and space - human labor and land - in world society. Hornborg deftly illustrates how money and technology have shaped our thinking and our social and ecological relations, with disturbing consequences. He also offers solutions for their redesign in ways that will promote justice and sustainability.

At a time of societal urgency surrounding ecological crises from depleted fisheries to mineral extraction and potential pathways towards environmental and ecological justice, this book re-examines ecologically unequal exchange (EUE) from a historical and comparative perspective. The theory of ecologically unequal exchange posits that core or northern consumption and capital accumulation is based on peripheral or southern environmental degradation and extraction. In other words, structures of social and environmental inequality between the Global North and Global South are founded in the extraction of materials from, as well as displacement of waste to, the South. This volume represents a set of tightly interlinked papers with the aim to assess ecologically unequal exchange and to move it forward. Chapters are organised into three main sections: theoretical foundations and critical reflections on ecologically unequal exchange; empirical research on mining, deforestation, fisheries, and the like; and strategies for responding to the adverse consequences associated with unequal ecological exchange. Scholars as well as advanced undergraduate and graduate students will benefit from the spirited re-evaluation and extension of ecologically unequal exchange theory, research, and praxis.

In modern society, we tend to have faith in technology. But is our concept of ‘technology’ itself a cultural illusion? This book challenges the idea that humanity as a whole is united in a common development toward increasingly efficient technologies. Instead it argues that modern technology implies a kind of global ‘zero-sum game’ involving uneven resource flows, which make it possible for wealthier parts of global society to save time and space at the expense of humans and environments in the poorer parts. We tend to think of the functioning of machines as if it was detached from the social relations of exchange which make machines economically and physically possible (in some areas). But even the steam engine that was the core of the Industrial Revolution in England was indissolubly linked to slave labour and soil erosion in distant cotton plantations. And even as seemingly benign a technology as railways have historically saved time (and accessed space) primarily for those who can afford them, but at the expense of labour time and natural space lost for other social groups with less purchasing power. The existence of technology, in other words, is not a cornucopia signifying general human progress, but the unevenly distributed result of unequal resource transfers that the science of economics is not equipped to perceive. Technology is not simply a relation between humans and their natural environment, but more fundamentally a way of organizing global human society. From the very start it has been a global phenomenon, which has intertwined political, economic and environmental histories in complex and inequitable ways. This book unravels these complex connections and rejects the widespread notion that technology will make the world sustainable. Instead it suggests a radical reform of money, which would be as useful for achieving sustainability as for avoiding financial breakdown. It brings together various perspectives from environmental and economic anthropology, ecological economics, political ecology, world-system analysis, fetishism theory, semiotics, environmental and economic history, and development theory. Its main contribution is a new understanding of technological development and concerns about global sustainability as questions of power and uneven distribution, ultimately deriving from the inherent logic of general-purpose money. It should be of interest to students and professionals with a background or current engagement in anthropology, sustainability studies, environmental history, economic history, or development studies.

Deliberation is the process by which a group of people, each with equal voice, can - via a process of discussion and debate - reach an agreement. Deliberation and Development attempts to do two things. First, it rethinks the role of deliberation in development and shows that it has potential well beyond a narrow focus on participatory projects. Deliberation, if properly instituted, has the potential to have a transformative effect on many if not all aspects of development, and especially in addressing problems of collective action, coordination, and entrenched inequality. This has broad implications both at the global and local level. Second, the book demonstrates that taking deliberation seriously calls for a different approach to both research and policy design and requires a much greater emphasis on the processes by which decisions are made, rather than an exclusive focus on the outcomes. Deliberation and Development contributes to a broader literature to understand the role of communicative processes in development.

This exciting new reader in environmental history provides a framework for understanding the relations between ecosystems and world-systems over time. Alf Hornborg, J. R. McNeill, and Joan Martinez-Alier have brought together a group of the prominent social scientists, historians, and geographical scientists to provide a historical overview of the ecological dimension of global economic processes. Readers are challenged to integrate studies of the Earth-system with studies of the world-system, and to reconceptualize the relations between human beings and their environment, as well as the challenges of global sustainability.

"Thought provoking and fresh - this book challenges how we think about economics.” Gillian Tett, Financial Times For further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/ Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change. The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn’t, and how it can be made more innovative, inclusive and sustainable. Outlining a series of far-reaching policy reforms, Rethinking Capitalism offers a powerful challenge to mainstream economic debate, and new ideas to transform it.

The Anthropocene, in which humankind has become a geological force, is a major scientific proposal; but it also means that the conceptions of the natural and social worlds on which sociology, political science, history, law, economics and philosophy rest are called into question. The Anthropocene and the Global Environmental Crisis captures some of the radical new thinking prompted by the arrival of the Anthropocene and opens up the social sciences and humanities to the profound meaning of the new geological epoch, the ‘Age of Humans’. Drawing on the expertise of world-recognised scholars and thought-provoking intellectuals, the book explores the challenges and difficult questions posed by the convergence of geological and human history to the foundational ideas of modern social science. If in the Anthropocene humans have become a force of nature, changing the functioning of the Earth system as volcanism and glacial cycles do, then it means the end of the idea of nature as no more than the inert backdrop to the drama of human affairs. It means the end of the ‘social-only’ understanding of human history and agency. These pillars of modernity are now destabilised. The scale and pace of the shifts occurring on Earth are beyond human experience and expose the anachronisms of ‘Holocene thinking’. The book explores what kinds of narratives are emerging around the scientific idea of the new geological epoch, and what it means for the ‘politics of unsustainability’.