Globalization: Contents and Discontents
Contemporary Economic Policy, Forthcoming
Posted: 13 Sep 2017 Last revised: 2 May 2018
Date Written: 2017
William Shakespeare's Tragedy of King Richard III, written approximately in 1592, is the story of evil acts by the detested and misshapen hunchback, Richard, who plots to sow discontent among his brother, the King, and others, and has his brother murdered along with other wicked deeds in order to gain the throne. It opens with the line, "Now is the winter of our discontent". "The Winter of Our Discontent" is also the title of John Steinbeck's (1961) novel of a man who trades his moral convictions to reclaim lost family wealth. "Globalization and Its Discontents" is the title of Joseph Stiglitz's (2002) book that critiques rigid adherence by major economic institutions — such as the International Monetary Fund — to economic orthodoxy in the promotion of globalization.
JEL Classification: F6, D72, D3, O23, O24, L17, K33
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