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2 results

  • 17 - Other Aspects of Market Fundamentalism

  • from Part III - The Period after the 1970s
  • Vito Tanzi, International Institute of Public Finance (IIPF), Germany
  • Book:
    Monitoring the State or the Market
    Published online:
    07 December 2023
    Print publication:
    21 December 2023, pp 128-133

  • Summary

    The economy is characterized by growing complexity and “Termites” and complexity affect the democratic process. Technological developments in recent decades have facilitated the creation of rents allowing some individuals to extract very large compensations from the economic activities. This has led some observers to describe the present market and capitalist system as “crony capitalism”. That system is also affected by the existence of “lemons” using Ackerlof’s terminology. Lemons and fake products are now frequent in the economic exchanges, raising questions as the contribution of many market exchanges to welfare. Termites have also affected the exchanges between citizens and governments and in some cases have created “legal jungles.”

  • 3 - The Near East Relief

  • Davide Rodogno, Graduate Institute of International and Development Studies, Geneva
  • Book:
    Night on Earth
    Published online:
    10 December 2021
    Print publication:
    09 December 2021, pp 72-105

  • Summary

    Chapter 3 puts forward a critical analysis of the Near East Relief (Near East Foundation since 1930), the largest humanitarian actor in the Near East.