How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the prize and the rise of free-market liberalism began at the same time? The Nobel Factor is the first book to describe the origins and power of the most important prize in economics. It tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and Sweden's social democracy. The aim was to use the halo of the Nobel brand to influence the future of Sweden and the rest of the developed world by enhancing the bank's authority and the prestige of market-friendly economics. And the strategy has worked spectacularly—with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets. Drawing on previously untapped archives and providing a unique analysis of the sway of prizewinners, The Nobel Factor offers an unprecedented account of the real-world consequences of economics and its greatest prize.

Argues that in the current context of global economic and technological developments social democracy has become obsolete. Suggests that a 'communitarian liberalism' is a natural successor to both neoliberalism and social democracy.

An expansive and ambitious intellectual history of democratic socialism from one of the world’s leading intellectual historians and social ethicists The fallout from twenty years of neoliberal economic globalism has sparked a surge of interest in the old idea of democratic socialism—a democracy in which the people control the economy and government, no group dominates any other, and every citizen is free, equal, and included. With a focus on the intertwined legacies of Christian socialism and Social Democratic politics in Britain and Germany, this book traces the story of democratic socialism from its birth in the nineteenth century through the mid-1960s. Examining the tenets on which the movement was founded and how it adapted to different cultural, religious, and economic contexts from its beginnings through the social and political traumas of the twentieth century, Gary Dorrien reminds us that Christian socialism paved the way for all liberation theologies that make the struggles of oppressed peoples the subject of redemption. He argues for a decentralized economic democracy and anti-imperial internationalism.

This book analyses social democratic parties’ attempts to tackle inequality in increasingly challenging times. It provides a distinctive contribution to the literature on the so-called ‘crisis’ of social democracy by exploring the role of equality policy in this crisis. While the main focus is on analysing Australian Labor governments, examples are also given from a wide range of parties internationally. The book traces how a traditional focus on class has expanded to include other forms of inequality, including issues of gender, race, ethnicity and sexuality and explores both the intersections and potential tensions that result. Meanwhile there are new challenges for equality policy arising from a changing geo-economics (the rise of Asia), the legacies of neoliberalism and the impact of technological disruption.

Not to repeat past mistakes: the sudden resurgence of a sympathetic interest in social democracy is a response to the urgent need to draw lessons from the history of the socialist movement. After several decades of analyses worthy of an ostrich, some rudimentary facts are being finally admitted. Social democracy has been the prevalent manner of organization of workers under democratic capitalism. Reformist parties have enjoyed the support of workers.

America is the one of the wealthiest nations on earth. So why do so many Americans struggle to make ends meet? Why is it so difficult for those who start at the bottom to reach the middle class? And why, if a rising economic tide lifts all boats, have middle-class incomes been growing so slowly? Social Democratic America explains how this has happened and how we can do better. Lane Kenworthy convincingly argues that we can improve economic security, expand opportunity, and ensure rising living standards for all by moving toward social democracy. Drawing on his extensive knowledge of social policy in America and other affluent countries, he proposes a set of public social programs, including universal early education, an expanded Earned Income Tax Credit, wage insurance, the government as employer of last resort, and many others. Kenworthy looks at common objections to social democracy, such as the oft-repeated claim that Americans don't want big government, which he readily debunks. Indeed, we already have in place a host of effective and popular social programs, from Social Security to Medicare to public schooling. Moreover, the available evidence suggests that rich nations can generate the tax revenues needed to pay for generous social programs while maintaining an innovative and growing economy, and without restricting liberty. Can it happen? Kenworthy describes how the US has been progressing slowly but steadily toward a genuine social democracy for nearly a century. Controversial and powerful, Social Democratic America shows that the good society doesn't require a radical break from our past; we just need to continue in the direction we are already heading.