The Politics Of Value: Three Movements To Change How We Think About The Economy

Hardcover | March 22, 2017

byJane L. Collins

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The Great Recession not only shook Americans’ economic faith but also prompted powerful critiques of economic institutions. This timely book explores three movements that gathered force after 2008: the rise of the benefit corporation, which requires social responsibility and eschews share price as the best metric for success; the emergence of a new group, Slow Money, that fosters peer-to-peer investing; and the 2011 Wisconsin protests against a bill restricting the union rights of state workers.

Each case shows how the concrete actions of a group of citizens can prompt us to reflect on what is needed for a just and sustainable economic system. In one case, activists raised questions about the responsibilities of business, in the second about the significance of local economies, and in the third about the contributions of the public sector. Through these movements, Jane L. Collins maps a set of cultural conversations about the types of investments and activities that contribute to the health of the economy. Compelling and persuasive, The Politics of Value offers a new framework for viewing economic value, one grounded in thoughtful assessment of the social division of labor and the relationship of the state and the market to civil society.

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The Great Recession not only shook Americans’ economic faith but also prompted powerful critiques of economic institutions. This timely book explores three movements that gathered force after 2008: the rise of the benefit corporation, which requires social responsibility and eschews share price as the best metric for success; the emerg...

Jane L. Collins is professor of community and environmental sociology at the University of Wisconsin–Madison. She is the author, coauthor, or coeditor of several books, including Threads: Gender, Labor, and Power in the Global Apparel Industry, also published by the University of Chicago Press.

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Format:HardcoverDimensions:192 pages, 9 × 6 × 0.98 inPublished:March 22, 2017Publisher:University Of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:022644600X

ISBN - 13:9780226446004

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Extra Content

Table of Contents

Acknowledgments
Chapter 1.  Introduction
Chapter 2.  Value and the Social Division of Labor
Chapter 3.  Benefit Corporations: Reimagining Corporate Responsibility
Chapter 4.  Slow Money: The Value of Place
Chapter 5.  Value and the Public Sector
Chapter 6.  Conclusion: Comparing the Three Revaluation Projects
Notes
Index

Editorial Reviews

“Collins has provided us with an enlightening survey of innovative ways to structure a capitalist economy. On the one hand, she points to the difficulties facing traditional progressive lines of struggle. On the other hand, and as an alternative, this book wisely suggests that corporations and investment funds can be structured to pursue better goals than simply short-term profits.”