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Subramanian L: Design, Production and
After-lives

Design, Production and After-lives

Three Godrej Objects and the History of Modern India

The Second Republic is a comprehensive institutional blueprint for India's transition into a developed economy (Viksit Bharat) by 2047. In this book, Ghani, a former World Bank economist and a prominent voice in Indian developmental economics, moves beyond traditional policy debates to focus on the State capacity engine, with his most compelling diagnostic being the two-engine trap. Since the 1991 reforms, India has developed a high-performance private sector engine; however, this is tethered to an obsolete state engine, characterized by nineteenth-century colonial structures and twentieth-century socialist bureaucracy. To address this, India not only needs new laws but a 'Second Republic', a fundamental re-architecting of the state's core institutions to match the dynamism of its people. 

The book introduces the 4F architecture--functions, finances, functionaries, and foundations--as the integrated mechanism for national renewal, analysing why previous reforms have often stalled. With themes including unlocking the gender dividend (Shakti Superpower), building a modern justice platform, and navigating the geoeconomic frontier of artificial intelligence and climate change, it focuses on the 'plumbing' of the nation: the courts, civil services, and digital systems. A manifesto for 2047, The Second Republic is a timely intervention, shifting the goalposts from 'growth at any cost' to 'growth through institutional excellence', making it an essential read for those trying to understand why India's path to $30 trillion requires more than just capital.

A Charter to Remake the Indian State and Unleash a Nation's Potential

The Second Republic

The Textile Institute Book Series

Social Sustainability in the Fashion and Textiles Industry

Corporatism and Neoliberalism in a Global Era

The World Economic Forum and COVID-19

Routledge Studies in Development Economics

The Political Economy of International Development Assistance

Critical and Post-Keynesian Perspectives

A History of Modern Macroeconomics

Shortlisted for the Financial Times and Schroders Business Book of the Year Award How 1,000 years of global history show why technological and economic progress is often followed by stagnation and even collapse In How Progress Ends, Carl Benedikt Frey challenges the conventional belief that economic and technological progress is inevitable. For most of human history, stagnation was the norm, and even today progress and prosperity in the world's largest, most advanced economies--the United States and China--have fallen short of expectations. To appreciate why we cannot depend on any AI-fueled great leap forward, Frey offers a remarkable and fascinating journey across the globe, spanning the past 1,000 years, to explain why some societies flourish and others fail in the wake of rapid technological change. By examining key historical moments--from the rise of the steam engine to the dawn of AI--Frey shows why technological shifts have shaped, and sometimes destabilized, entire civilizations. He explores why some leading technological powers of the past--such as Song China, the Dutch Republic, and Victorian Britain--ultimately lost their innovative edge, why some modern nations such as Japan had periods of rapid growth followed by stagnation, and why planned economies like the Soviet Union collapsed after brief surges of progress. Frey uncovers a recurring tension in history: while decentralization fosters the exploration of new technologies, bureaucracy is crucial for scaling them. When institutions fail to adapt to technological change, stagnation inevitably follows. Only by carefully balancing decentralization and bureaucracy can nations innovate and grow over the long term--findings that have worrying implications for the United States, Europe, China, and other economies today. Through a rich narrative that weaves together history, economics, and technology, How Progress Ends reveals that managing the future requires us to draw the right lessons from the past.

Technology, Innovation, and the Fate of Nations

How Progress Ends

A fresh interpretation of the Enlightenment that reshapes our understanding of political economy and its intellectual foundations.The origins of political economy are often told as a story of increasing certainty, rationality, and scientific progress. But what if its earliest thinkers were instead preoccupied with uncertainty? In Doubtful Knowledge, Richard Adelman offers a striking new interpretation of eighteenth-century political economy by tracing its roots to the skeptical philosophy of the European Enlightenment.Moving between Scotland and France, Adelman reveals how figures including David Hume, Adam Smith, Denis Diderot, Jean Le Rond d'Alembert, François Quesnay, and the Physiocrats developed a shared understanding of the limits of human knowledge. Rather than presenting markets or societies as systems that could be fully understood or controlled, they emphasized the complexity of the social world, the fallibility of human judgment, and the need for intellectual humility. Through close readings of major philosophical and political-economic texts, Adelman demonstrates that skepticism was not peripheral to early political economy but fundamental to its emergence. Challenging long-held assumptions about the history of economics and Enlightenment thought, Doubtful Knowledge reframes debates about commerce, governance, progress, and human nature.By bringing together intellectual history, literary studies, philosophy, and the history of political economy, Adelman offers a compelling account of how eighteenth-century thinkers understood knowledge itself--and why their questions remain relevant to contemporary discussions about economics, politics, and the limits of expertise.

Skepticism and the Birth of Political Economy

Doubtful Knowledge

Historical Perspectives on Modern Economics

The history of money and banking has undergone three major transformations: from commodity money (e.g. currency backed by gold), to fiat money (e.g. currency not backed by a commodity), and now toward intangible money (e.g. digital forms without any backing). While the shift from commodity to fiat money was momentous, the transition to intangible money has profound implications for banking, monetary policy, and financial stability. Intangible Money, Banking, and Information provides a comprehensive overview of these transformations from the perspective of both the history of economic thought and monetary economics. It shows how advances in information and communication technology have accelerated the transition to intangible money, reshaping how transactions are recorded and how monetary systems function. At the same time, it argues that rapid financial innovation and deregulation have dramatically expanded the scale and complexity of banking and markets-often with destabilizing consequences.

The Monetary System in Theoretical and Historical Perspective

Intangible Money, Banking, and Information

Routledge Environment and Sustainability Handbooks

This handbook provides a state-of-the-art overview of food and agricultural policy in Europe, moving beyond a nutrition focus, to include the health, social justice and environmental dimensions of the food system.With concerns over the global economy, geopolitical conflicts and the impact on human and planetary health, food policy has emerged as a key policy domain for Europe. Acknowledging that food and agricultural are areas of major concern for many diverse groups in society, often representing competing interests, this handbook provides a systemic and multifaceted overview of the current food and agricultural policy arena in Europe. The handbook utilises a food systems approach, organised into seven sections representing the food cycle from production and processing to distribution and consumption, as well as waste and disposal. Interdisciplinary chapters explore the tensions in policy development between cost and sustainability, industry power versus consumer demands, local supply versus intensive and unsustainable growth, and corporate control versus citizen and workers' rights. Ultimately, this handbook demonstrates the need for what are currently fragmented food and agricultural policies to be unified in order to support global aims of developing sustainable and healthy food systems for all.This handbook will be essential reading for scholars, practitioners, and policy makers interested in researching, theorising, debating, and solving the multifaceted phenomenon of food and agricultural policy.

Routledge Handbook of Food and Agricultural Policy in Europe

Public Opinion and the Politics of Fiscal Balance

Popular Austerity

The legal concepts that can fundamentally inform the economics of institutions In Legal Institutionalism, the eminent economist Geoffrey Hodgson proposes a new analytic approach for understanding modern economic institutions. Law helps to constitute some of the key features of modern market economies. Moreover, there is evidence that many people believe that obeying the law is important in itself, especially when it is deemed just, legitimate, and uncorrupt. Consequently, he argues, the role of law must be considered in analyses of the nature and dynamics of modern economic institutions and the motivations of economic agents. Hodgson lays out the basic approach and intellectual assumptions of legal institutionalism, citing such thinkers as Adam Smith and Karl Marx as well as insights from institutional economics, law, philosophy, psychology, and social theory. He considers how legal institutions emerged and evolved throughout history, stressing their importance in large-scale, complex economies. Informal rules and relations are vital as well, he explains, but these often rely on face-to-face contact, with smaller numbers of people. He shows that by examining relevant legal rules and relations alongside important informal rules, we can improve our understanding of the nature and role of property, contracts, money, and firms. Revisiting the socialist calculation debate on the feasibility of socialist planning, Hodgson argues that both sides paid insufficient attention to legal issues and underestimated the importance and inevitability of mixed economies. This milestone work by Hodgson has major implications for both theory and policy, suggesting new approaches to economic development, the theory of the firm, and countering the policy extremes of markets versus states.

A Multidisciplinary Approach to the Analysis of Modern Economies

Legal Institutionalism

Evolutionary Economics and Social Complexity Science

This is the first book to present a new approach of institutional design as an evolutionary applied policy based on coherent conceptualization and methodology, and to study the actuality and implications of diversifying real/virtual community currencies. In contrast to a de facto standard theory, an institutional ecosystem can be composed of various institutions that continue to coexist with changing relative frequencies. In this view, diversified monetary institutions with local rules are feasible and realistic. Community currencies are worldwide attempts to redress such problems as financial instability, chronic stagnation, and decline of communities caused by globalization of the economy. Considering those alternative movements as a new type of policy, "evolutionist institutional design", this book clarifies the feasibility and significance of community currencies in the current era of globalization. The book also provides a better understanding than mainstream approaches of such platform institutions as money that determine fundamental means of cognition and action of interacting agents. Money is a symbolically generalized communication medium in the mesodomain that mediates between socioeconomic performance and patterns in the macrodomain and motives and cognitive frameworks in the microdomain. Conventional national systems of money and finance are platform institutions that determine basic replicators for a capitalistic market economy to evolve. In contrast, community currencies conveying both economic and social/cultural values are distinct platform institutions that are expected to endogenously change such basic replicators in outer and inner institutions for agents to a noncapitalistic market economy. These currencies are considered target institutions for "media design" in the framework of evolutionist institutional design.

An Evolutionist Institutional Design Approach

Community Currency

Design, Production and After-lives

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