IPEG Book Prize 2018 longlist

IPEG Book Prize 2018

Longlist

For over 10 years now IPEG awards a prize for a monograph published in the previous calendar year. This is a prestigious award in the field of IPE because the membership participates in the nomination process and votes for the shortlist in an open and democratic way. Therefore, as IPEG members please ensure to cast your vote, here:  https://civs.cs.cornell.edu/cgi-bin/vote.pl?id=E_3db3e28ff82d4011&akey=9d7d0ad2b8f57d9f

Hesketh, Chris. Spaces of Capital/spaces of Resistance: Mexico and the Global Political Economy. University of Georgia Press, 2017.

Based on original fieldwork in Chiapas and Oaxaca, Mexico, this book offers a bridge between geography and historical sociology. Chris Hesketh examines the production of space within the global political economy. Drawing on multiple disciplines, Hesketh’s discussion of state formation in Mexico takes us beyond the national level to explore the interplay between global, regional, national, and sub-national articulations of power. These are linked through the novel deployment of Antonio Gramsci’s concept of passive revolution, understood as the state-led institution or expansion of capitalism that prevents the meaningful participation of the subaltern classes. Furthermore, the author brings attention to the conflicts involved in the production of space, placing particular emphasis on indigenous communities and movements and their creation of counterspaces of resistance. Hesketh argues that indigenous movements are now the leading social force of popular mobilization in Latin America. The author reveals how the wider global context of uneven and combined development frames these specific indigenous struggles, and he explores the scales at which they must now seek to articulate themselves.

Baumann, Hannes. Citizen Hariri: Lebanon's Neo-Liberal Reconstruction. Oxford University Press, 2017.

Rafiq Hariri was Lebanon's Silvio Berlusconi: a 'self-made' billionaire who became prime minister and shaped postwar reconstruction. His assassination in February 2005 almost tipped the country into civil strife. Yet Hariri was neither a militia leader nor from a traditional political family. How did this outsider rise to wield such immense political and economic power? Citizen Hariri shows how the billionaire converted his wealth and close ties to the Saudi monarchy into political power. Hariri is used as a prism to examine how changes in global neoliberalism reshaped Lebanese politics. He initiated urban megaprojects and inflated the banking sector. And having grown rich as a contractor in the Gulf, he turned Lebanon into an outlet for Gulf capital. The concentration of wealth and the restructuring of the postwar Lebanese state were comparable to the effects of neoliberalism elsewhere. But at the same time, Hariri was a deeply Lebanese figure. He had to fend against militia leaders and a hostile Syrian regime. The billionaire outsider eventually came to behave like a traditional Lebanese political patron. Hannes Baumann assesses not only the personal legacy of the man dubbed 'Mr Lebanon' but charts the wider social and economic transformations his rise represented.

Di Muzio, Tim. The Tragedy of Human Development. A Genealogy of Capital as Power. Rowman & Littlefield International, 2017.

How might an objective observer conceive of what humans have accomplished as a species over its brief history? Benjamin argues that history can be judged as one giant catastrophe. Liberals suggest that this is to sombre an assessment and that human history can be read as a story of greater and greater progress in human rights, prosperity and the decrease of arbitrary and extra-judicial violence. But is there a third reading of history, one that neither interprets human history as a giant catastrophe or endless progress? Could we not say that human development has been a tragedy? This book explores the idea of human development as a tragedy from the perspective of capitalist power. Although the argument of this book draws heavily on critical political economy, the analysis considers interdisciplinary literature in an effort to explore how major revolutions have transformed human social relations of power and created certain path dependencies that may ultimately lead to our downfall as a species. Intellectually sophisticated and readable, this book offers a provocative genealogy of capitalist power and the tragedy of human development.

Patomaki, Heikki. Disintegrative Tendencies in Global Political Economy: Exits and Conflicts. Routledge, 2017.

Whether we talk about human learning and unlearning, securitization, or political economy, the forces and mechanisms generating both globalization and disintegration are causally efficacious across the world. Thus, the processes that led to the victory of the ‘Leave’ campaign in the June 2016 referendum on UK European Union membership are not simply confined to the United Kingdom, or even Europe. Similarly, conflict in Ukraine and the presidency of Donald Trump hold implications for a stage much wider than EU-Russia or the United States alone.

Patomäki explores the world-historical mechanisms and processes that have created the conditions for the world’s current predicaments and, arguably, involve potential for better futures. Operationally, he relies on the philosophy of dialectical critical realism and on the methods of contemporary social sciences, exploring how crises, learning and politics are interwoven through uneven wealth-accumulation and problematical growth-dynamics. Seeking to illuminate the causes of the currently prevailing tendencies towards disintegration, antagonism and – ultimately – war, he also shows how these developments are in fact embedded in deeper processes of human learning. The book embraces a Wellsian warning about the increasingly likely possibility of a military disaster, but its central objective is to further enlightenment and holoreflexivity within the current world-historical conjuncture.

Selwyn, Benjamin. The struggle for development. Polity, 2017.

The world economy is expanding rapidly despite chronic economic crises. Yet the majority of the world's population live in poverty. Why are wealth and poverty two sides of the coin of capitalist development? What can be done to overcome this destructive dynamic? In this hard-hitting analysis Benjamin Selwyn shows how capitalism generates widespread poverty, gender discrimination and environmental destruction. He debunks the World Bank's dollar-a-day methodology for calculating poverty, arguing that the proliferation of global supply chains is based on the labour of impoverished women workers and environmental ruin. Development theories – from neoliberal to statist and Marxist – are revealed as justifying and promoting labouring class exploitation despite their pro-poor rhetoric. Selwyn also offers an alternative in the form of labour-led development, which shows how collective actions by labouring classes – whether South African shack-dwellers and miners, East Asian and Indian Industrial workers, or Latin American landless labourers and unemployed workers – can and do generate new forms of human development. This labour-led struggle for development can empower even the poorest nations to overcome many of the obstacles that block their way to more prosperous and equitable lives.

Ryner, Magnus, and Alan Cafruny. The European Union and Global Capitalism: Origins, Development and Crisis. Palgrave Macmillan, 2017.

This book draws on critical theory to introduce readers to ways of exploring questions about the EU from a political economy perspective, questions like: Does the EU help or hinder Europe's 'social models' to face the challenges of globalization? Does the EU represent a break from Europe's imperial past? What were the causes of the Eurozone crisis?

During the three decades after World War II, the citizens of Western Europe experienced rapid economic development along with increased social security and entitlements. Viewed by some as a 'golden age', it established social rights for citizens, improved living standards, and made capitalism and democracy seem natural companions. Since then, Europe's social model has come under severe pressure from a hyper-mobile, finance-led form of global capitalism that has intensified market competition and often eroded workers' rights. This innovative text provides a broad ranging introduction to the European Union and its changing relationship with global capital. It critically engages with mainstream accounts of European integration and addresses key issues for the EU, from economic and social policy to internal and external relations. Combining theoretical innovation with engagement of contemporary topics in EU studies, this text will help readers to understand the politics and history of European integration as well as to make sense of its future.

Grabel, Ilene. When Things Don't Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence. MIT Press, 2017.

In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the “rebranding” of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.

Gago, Verónica. Neoliberalism from Below: Popular Pragmatics and Baroque Economies. Duke University Press, 2017.

In Neoliberalism from Below—first published in Argentina in 2014—Verónica Gago examines how Latin American neoliberalism is propelled not just from above by international finance, corporations, and government, but also by the activities of migrant workers, vendors, sweatshop workers, and other marginalized groups. Using the massive illegal market La Salada in Buenos Aires as a point of departure, Gago shows how alternative economic practices, such as the sale of counterfeit goods produced in illegal textile factories, resist neoliberalism while simultaneously succumbing to its models of exploitative labor and production. Gago demonstrates how La Salada's economic dynamics mirror those found throughout urban Latin America. In so doing, she provides a new theory of neoliberalism and a nuanced view of the tense mix of calculation and freedom, obedience and resistance, individualism and community, and legality and illegality that fuels the increasingly powerful popular economies of the global South's large cities.

LiPuma, Edward. The Social Life of Financial Derivatives: Markets, Risk, and Time. Duke University Press, 2017.

In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

Petras, James, and Henry Veltmeyer. The class struggle in Latin America: Making history today. Routledge, 2017.

The Class Struggle in Latin America: Making History Today analyses the political and economic dynamics of development in Latin America through the lens of class struggle. Focusing in particular on Peru, Paraguay, Chile, Colombia, Argentina, Brazil and Venezuela, the book identifies how the shifts and changing dynamics of the class struggle have impacted on the rise, demise and resurgence of neo-liberal regimes in Latin America. This innovative book offers a unique perspective on the evolving dynamics of class struggle, engaging both the destructive forces of capitalist development and those seeking to consolidate the system and preserve the status quo, alongside the efforts of popular resistance concerned with the destructive ravages of capitalism on humankind, society and the global environment. Using theoretical observations based on empirical and historical case studies, this book argues that the class struggle remains intrinsically linked to the march of capitalist development. At a time when post-neo-liberal regimes in Latin America are faltering, this supplementary text provides a guide to the economic and political dynamics of capitalist development in the region, which will be invaluable to students and researchers of international development, anthropology and sociology, as well as those with an interest in Latin American politics and development.

Cahill, Damien, and Martijn Konings. Neoliberalism. Polity. 2017

For over three decades neoliberalism has been the dominant economic ideology. While it may have emerged relatively unscathed from the global financial crisis of 2007-8, neoliberalism is now - more than ever - under scrutiny from critics who argue that it has failed to live up to its promises, creating instead an increasingly unequal and insecure world. This book offers a nuanced and probing analysis of the meaning and practical application of neoliberalism today, separating myth from reality. Drawing on examples such as the growth of finance, the role of corporate power and the rise of workfare, the book advances a balanced but distinctive perspective on neoliberalism as involving the interaction of ideas, material economic change and political transformations. It interrogates claims about the impending death of neoliberalism and considers the sources of its resilience in the current climate of political disenchantment and economic austerity.

Wylde, Christopher. Emerging Markets and the State. Palgrave Macmillan, London, 2017

This book, through an analysis of case studies in Latin America and Southeast Asia, sets out to understand the form and function of contemporary states seeking to guide and cajole markets, hoping to stimulate economic growth and generate robust development outcomes. In the context of contemporary globalization, and the hegemony of a neoliberal mode of capital accumulation, independent state-directed development has moved away from the reach of many emerging markets. Wylde’s analysis reveals that, contrary to much of the literature espousing the ‘end of the state’, the role of the state in the 21st century development process continues to be of pivotal importance.

Vlcek, William. Offshore Finance and Global Governance: Disciplining the Tax Nomad.  Palgrave Macmillan, London, 2017.

This book analyzes shifting international taxation strategies in pursuit of tax nomads, individuals and companies who minimize their tax obligations among multiple countries. Focusing on the efforts of the United States, the collective endeavours of the European Union and the global initiative of the OECD under G20 guidance, it investigates their attempts to understand and control the mechanisms employed by such nomads. The author directs particular attention to intellectual property, used by multinational corporations to move income from high-tax to low-tax locations. Contrary to claims that globalization hinders tax collection, Vlcek argues that state sovereignty and state power remain the defining characteristic of international taxation. The EU and OECD in turn, he concludes, are leveraging cooperation with the US to force other countries to share taxpayer information with them. This significant work will interest economists, political scientists and tax experts.

Elbra, Ainsley. Governing African Gold Mining: Private Governance and the Resource Curse. Springer, 2017.

This book takes a fresh approach to the puzzle of sub-Saharan Africa’s resource curse. Moving beyond current scholarship’s state-centric approach, it presents cutting-edge evidence gathered through interviews with mining company executives and industry representatives to demonstrate that firms are actively controlling the regulation of the gold mining sector. It shows how large mining firms with significant private authority in South Africa, Ghana and Tanzania are able to engender rules and regulations that are acknowledged by other actors, and in some cases even adopted by the state. In doing so, it establishes that firms are co-governing Africa’s gold mining sector. By exploring the implications for resource-cursed states, this significant work argues that firm-led regulation can improve governance, but that many of these initiatives fail to address country/mine specific issues where there remains a role for the state in ensuring the benefits of mining flow to local communities. It will appeal to economists, political scientists, and policy-makers and practitioners working in the field of mining and extractives.