Table Of ContentExit from Globalization
Exit from Globalization moves from theory to practice: from questions of where
incorrigible knowledge of substantive economic life derives and how that knowl-
edge is put towards making a progressive, redistributive, eco-sustainable future of
human fl ourishing.
W estra discards at the outset views that the root of current economic ills is the
old devil we know, capitalism. Rather, he maintains the neoliberal decades
spawned a “Merchant of Venice” economic excrescence bent upon expropriation
and rent seeking that will scrape all the fl esh from the bones of humanity if not
stopped dead in its tracks. En route to providing a viable design for the human
future in line with transformatory demands of socialists and Greens, Westra exor-
cizes both Soviet demons and ghosts of neoliberal ideologues past that lent support
to the position that there is no alternative to “the market”.
Exit from Globalization shows in a clear and compelling fashion that, while
debates over the possibility of another, potentially socialist, world swirl around
this or that grand society-wide scheme, the fact is that creative future directed
thinking has at its disposal several economic principles that transformatory actors
may choose from and combine in various ways to remake human economic life.
The book concludes with an examination of the various social constituencies
currently supporting radical change and explores the narrowing pathways to bring
change about.
Richard Westra is Designated Professor, Graduate School of Law, Nagoya
University, Japan. He has authored and edited ten books. His work has been
published in numerous international peer-reviewed academic journals. He is
a member of the editorial board for the Journal of Contemporary Asia and is a
manuscript reviewer for major global publishing houses. He received his PhD
from the Department of Political Studies at Queen’s University, Canada.
Routledge frontiers of political economy
1 Equilibrium Versus 7 Markets, Unemployment
Understanding and Economic Policy
Towards the rehumanization Essays in honour of Geoff
of economics within social Harcourt, volume two
theory Edited by Philip Arestis,
Mark Addleson Gabriel Palma and Malcolm
Sawyer
2 Evolution, Order and
Complexity 8 Social Economy
Edited by Elias L. Khalil and The logic of capitalist
Kenneth E. Boulding development
Clark Everling
3 Interactions in Political
Economy 9 New Keynesian Economics/
Malvern after ten years Post Keynesian Alternatives
Edited by Steven Pressman Edited by Roy J. Rotheim
4 The End of Economics 10 The Representative Agent in
Michael Perelman Macroeconomics
James E. Hartley
5 Probability in Economics
Omar F. Hamouda and Robin 11 Borderlands of Economics
Rowley Essays in honour of Daniel R.
Fusfeld
6 Capital Controversy, Post Edited by Nahid Aslanbeigui and
Keynesian Economics and the Young Back Choi
History of Economics
Essays in honour of Geoff 12 Value, Distribution and Capital
Harcourt, volume one Essays in honour of Pierangelo
Edited by Philip Arestis, Garegnani
Gabriel Palma and Malcolm Edited by Gary Mongiovi and
Sawyer Fabio Petri
13 The Economics of Science 21 Subjectivism and Economic
Methodology and epistemology Analysis
as if economics really mattered Essays in memory of Ludwig
James R. Wible Lachmann
Edited by Roger Koppl and Gary
14 Competitiveness, Localised Mongiovi
Learning and Regional
Development 22 Themes in Post-Keynesian
Specialisation and prosperity in Economics
small open economies Essays in honour of Geoff
Peter Maskell, Heikki Eskelinen, Harcourt, volume three
Ingjaldur Hannibalsson, Anders Edited by Claudio Sardoni and
Malmberg and Eirik Vatne Peter Kriesler
15 Labour Market Theory 23 The Dynamics of Technological
Knowledge
A constructive reassessment
Ben J. Fine Cristiano Antonelli
24 The Political Economy of
16 Women and European
Diet, Health and Food Policy
Employment
Ben J. Fine
Jill Rubery, Mark Smith, Colette
Fagan and Damian Grimshaw
25 The End of Finance
Capital market infl ation,
17 Explorations in Economic
fi nancial derivatives and
Methodology
pension fund capitalism
From Lakatos to empirical
Jan Toporowski
philosophy of science
Roger Backhouse
26 Political Economy and the
New Capitalism
18 Subjectivity in Political
Edited by Jan Toporowski
Economy
Essays on wanting and choosing 27 Growth Theory
David P. Levine
A philosophical perspective
Patricia Northover
19 The Political Economy of
Middle East Peace 28 The Political Economy of the
The impact of competing trade Small Firm
agendas Charles Dannreuther and Lew
Edited by J.W. Wright, Jnr Perren
20 The Active Consumer 29 Hahn and Economic
Novelty and surprise in Methodology
consumer choice Edited by Thomas Boylan and
Edited by Marina Bianchi Paschal F O’Gorman
30 Gender, Growth and Trade Philip Arestis, Meghnad Desai
The miracle economies of the and Sheila Dow
postwar years
David Kucera 39 Methodology, Microeconomics
and Keynes
31 Normative Political Economy Essays in honour of Victoria
Subjective freedom, the market Chick, volume II
and the state Philip Arestis, Meghnad Desai
David Levine and Sheila Dow
32 Economist with a Public 40 Market Drive and Governance
Purpose Reexamining the rules for
Essays in honour of John economic and commercial
Kenneth Galbraith contest
Edited by Michael Keaney Ralf Boscheck
33 Involuntary Unemployment 41 The Value of Marx
The elusive quest for a theory Political economy for
Michel De Vroey contemporary capitalism
Alfredo Saad-Filho
34 The Fundamental Institutions
of Capitalism 42 Issues in Positive Political
Ernesto Screpanti Economy
S. Mansoob Murshed
35 Transcending Transaction
The search for self-generating 43 The Enigma of Globalisation
markets A journey to a new stage of
Alan Shipman capitalism
Robert Went
36 Power in Business and the State
An historical analysis of its 44 The Market
concentration Equilibrium, stability, mythology
Frank Bealey S.N. Afriat
37 Editing Economics 45 The Political Economy of Rule
Essays in honour of Mark Evasion and Policy Reform
Perlman Jim Leitzel
Hank Lim, Ungsuh K. Park
and Geoff Harcourt 46 Unpaid Work and the Economy
Edited by Antonella Picchio
38 Money, Macroeconomics and
Keynes 47 Distributional Justice
Essays in honour of Victoria Theory and measurement
Chick, volume I Hilde Bojer
48 Cognitive Developments in 57 Global Political Economy
Economics and the Wealth of Nations
Edited by Salvatore Rizzello Performance, institutions,
problems and policies
49 Social Foundations of Mar- Edited by Phillip Anthony
kets, Money and Credit O’Hara
Costas Lapavitsas
58 Structural Economics
50 Rethinking Capitalist Thijs ten Raa
Development
Essays on the economics of 59 Macroeconomic Theory
Josef Steindl and Economic Policy
Edited by Tracy Mott and Nina Essays in honour of Jean-Paul
Shapiro Fitoussi
Edited by K. Vela Velupillai
51 An Evolutionary Approach to
Social Welfare 60 The Struggle Over Work
Christian Sartorius The “end of work” and
employment alternatives in
52 Kalecki’s Economics Today post-industrial societies
Edited by Zdzislaw L. Sadowski Shaun Wilson
and Adam Szeworski
61 The Political Economy of
53 Fiscal Policy from Reagan Global Sporting Organisations
to Blair John Forster and Nigel Pope
The left veers right
Ravi K. Roy and Arthur T. 62 The Flawed Foundations of
Denzau General Equilibrium Theory
Critical essays on economic
54 The Cognitive Mechanics of theory
Economic Development and Frank Ackerman and Alejandro
Institutional Change Nadal
Bertin Martens
63 Uncertainty in Economic
55 Individualism and the Theory
Social Order Essays in honour of David
The social element in liberal Schmeidler’s 65th birthday
thought Edited by Itzhak Gilboa
Charles R. McCann Jnr.
64 The New Institutional
56 Affi rmative Action in the Economics of Corruption
United States and India Edited by Johann Graf
A comparative perspective Lambsdorff, Markus Taube
Thomas E. Weisskopf and Matthias Schramm
65 The Price Index and its 75 The New Economy and
Extension Macroeconomic Stability
A chapter in economic A neo-modern perspective
measurement drawing on the complexity
S.N. Afriat approach and Keynesian
economics
66 Reduction, Rationality and Teodoro Dario Togati
Game Theory in Marxian
Economics 76 The Future of Social Security
Bruce Philp Policy
Women, work and a citizens
67 Culture and Politics in basic income
Economic Development Ailsa McKay
Volker Bornschier
77 Clinton and Blair
The political economy of the
68 Modern Applications of
Third Way
Austrian Thought
Flavio Romano
Edited by Jürgen G. Backhaus
78 Marxian Reproduction Schema
69 Ordinary Choices
Money and aggregate demand
Individuals, incommensurability,
in a capitalist economy
and democracy
A.B. Trigg
Robert Urquhart
79 The Core Theory in Economics
70 Labour Theory of Value
Problems and solutions
Peter C. Dooley
Lester G. Telser
71 Capitalism 80 Economics, Ethics and the
Victor D. Lippit Market
Introduction and applications
72 Macroeconomic Foundations Johan J. Graafl and
of Macroeconomics
Alvaro Cencini 81 Social Costs and Public
Action in Modern Capitalism
73 Marx for the 21st Century Essays inspired by Karl William
Edited by Hiroshi Uchida Kapp’s Theory of Social Costs
Edited by Wolfram Elsner, Pietro
74 Growth and Development Frigato and Paolo Ramazzotti
in the Global Political
Economy 82 Globalization and the Myths
Social structures of of Free Trade
accumulation and modes History, theory and empirical
of regulation evidence
Phillip Anthony O’Hara Edited by Anwar Shaikh
83 Equilibrium in Economics 93 Imagining Economics Otherwise
Scope and Limits Encounters with identity/
Edited by Valeria Mosini difference
Nitasha Kaul
84 Globalization
State of the art and perspectives 94 Reigniting the Labor Movement
Edited by Stefan A. Schirm Restoring means to ends in a
democratic labor movement
85 Neoliberalism Gerald Friedman
National and regional
95 The Spatial Model of Politics
experiments with global ideas
Edited by Ravi K. Roy, Arthur T. Norman Schofi eld
Denzau and Thomas D. Willett
96 The Economics of American
Judaism
86 Post-Keynesian Macroeconom-
Carmel Ullman Chiswick
ics Economics
Essays in honour of Ingrid Rima
97 Critical Political Economy
Edited by Mathew Forstater, Gary
Christian Arnsperger
Mongiovi and Steven Pressman
98 Culture and Economic
87 Consumer Capitalism
Explanation
Anastasios S. Korkotsides
E conomics in the US and Japan
Donald W. Katzner
88 Remapping Gender in the
New Global Order 99 Feminism, Economics and
Edited Marjorie Griffi n Cohen Utopia
and Janine Brodie
Time travelling through
paradigms
89 Hayek and Natural Law Karin Schönpfl ug
Erik Angner
100 Risk in International Finance
90 Race and Economic Opportunity Vikash Yadav
in the Twenty-First Century
Edited by Marlene Kim 101 Economic Policy and
Performance in Industrial
91 Renaissance in Behavioural Democracies
Economics Party governments, central
Harvey Leibenstein’s impact on banks and the fi scal-monetary
contemporary economic analysis policy mix
Edited by Roger Frantz Takayuki Sakamoto
92 Human Ecology Economics 102 Advances on Income Inequality
A new framework for global and Concentration Measures
sustainability Edited by Gianni Betti and
Edited by Roy E. Allen Achille Lemmi
103 Economic Representations 112 Popper, Hayek and the Open
Academic and everyday Society
Edited by David F. Ruccio Calvin Hayes
104 Mathematical Economics and 113 The Political Economy of Work
the Dynamics of Capitalism David Spencer
Goodwin’s legacy continued
Edited by Peter Flaschel and 114 Institutional Economics
Michael Landesmann Bernard Chavance
115 Religion, Economics and
105 The Keynesian Multiplier
Demography
Edited by Claude Gnos and
The effects of religion on
Louis-Philippe Rochon
education, work, and the family
Evelyn L. Lehrer
106 Money, Enterprise and Income
Distribution
116 Economics, Rational Choice
Towards a macroeconomic
and Normative Philosophy
theory of capitalism
Edited by Thomas A. Boylan and
John Smithin
Ruvin Gekker
107 Fiscal Decentralization and
117 Economics Versus Human
Local Public Finance in Japan
Rights
Nobuki Mochida
Manuel Couret Branco
108 The ‘Uncertain’ Foundations
118 Hayek Versus Marx and
of Post-Keynesian Economics
Today’s Challenges
Essays in exploration
Eric Aarons
Stephen P. Dunn
119 Work Time Regulation as
109 Karl Marx’s Grundrisse
Sustainable Full Employment
Foundations of the critique of
Policy
political economy 150 years
Robert LaJeunesse
later
Edited by Marcello Musto 120 Equilibrium, Welfare and
Uncertainty
110 Economics and the Price Index Mukul Majumdar
S.N. Afriat and Carlo Milana
121 Capitalism, Institutions and
111 Sublime Economy Economic Development
On the intersection of art and Michael Heller
economics
Edited by Jack Amariglio, Joseph 122 Economic Pluralism
W. Childers and Stephen E. Robert Garnett, Erik Olsen and
Cullenberg Martha Starr
123 Dialectics of Class Struggle in 132 The Practices of Happiness
the Global Economy Political economy, religion and
Clark Everling wellbeing
Edited by John Atherton, Elaine
124 Political Economy and Graham and Ian Steedman
Globalization
Richard Westra 133 The Measurement of Individual
Well-Being and Group
125 Full-Spectrum Economics Inequalities
Toward an inclusive and Essays in memory of Z.M. Berrebi
emancipatory social science Edited by Joseph Deutsch and
Christian Arnsperger Jacques Silber
126 Computable, Constructive and 134 Wage Policy, Income
Behavioural Economic Distribution, and Democratic
Dynamics Theory
Oren M. Levin-Waldman
Essays in honour of
Kumaraswamy (Vela) Velupillai
135 The Political Economy of
Stefano Zambelli
Bureaucracy
Steven O. Richardson
127 Monetary Macrodynamics
Toichiro Asada, Carl Chiarella,
136 The Moral Rhetoric of Political
Peter Flaschel and Reiner Franke
Economy
Justice and modern economic
128 Rationality and Explanation in
thought
Economics
Paul Turpin
Maurice Lagueux
137 Macroeconomic Regimes in
129 The Market, Happiness and
Western Industrial Countries
Solidarity
Hansjörg Herr and Milka
A Christian perspective
Kazandziska
Johan J. Graafl and
138 Business Ethics and the Austrian
130 Economic Complexity and Tradition in Economics
Equilibrium Illusion: Hardy Bouillon
Essays on market instability and
macro vitality 139 Inequality and Power
Ping Chen The economics of class
Eric A. Schutz
131 Economic Theory and Social
Change 140 Capital as a Social Kind
Problems and revisions Defi nitions and transformations in
Hasse Ekstedt and Angelo the critique of political economy
Fusari Howard Engelskirchen
