The second part of the book presents a detailed case study of the posited green job solution within the specific context of the Australian automotive manufacturing industry. The case study is also informed by interviews with key industry, union, and policymakers. The automotive industry is scrutinized not only because it has expressed going green as important to its long-term economic future, but because the Australian Government declared that its $6.2 billion "New Car Plan for a Greener Future" policy would create green jobs. Therefore, the book engages with the task of examining the three multinational vehicle producers operating in Australia—Ford, GM Holden, and Toyota—and how they have responded and engaged with the idea of green jobs, greening the manufacturing process, and the vehicles they produce in Australia.
Gillian Tett, Financial Times
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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.
Éloi Laurent est économiste sénior et conseiller scientifique à l’OFCE (Observatoire français des conjonctures économiques). Il enseigne à Sciences-Po (Master of public affairs), Stanford University (Bing Overseas Studies) et au Collège des hautes études européennes (La Sorbonne).
Jacques Le Cacheux est économiste, professeur agrégé des Universités à l’Université de Pau et des Pays de l’Adour et directeur du Département des études de l’OFCE (Observatoire français des conjonctures économiques). Il enseigne également à Sciences-Po (Paris), à Stanford University in Paris (Bing Overseas Studies), à la European Online Academy, et au Collège des hautes études européennes (La Sorbonne).