Books by William K. Tabb

Rapid growth, reduced poverty, and stable societies: the announced benefits of the world economy celebrated by neoliberal proponents of "e;the Washington consensus"e; have failed to materialize. What does this failure mean for future world order and the U.S. role as global hegemon? Addressing this crucial question, William Tabb argues that global economic institutions such as the World Bank and the International Monetary Fund constitute a nascent international state for which all previous models of sovereignty, accountability and equity are inadequate. Integrating economics and political science, Tabb traces the emergence of this global state from the closing days of World War II and examines its future prospects.Even as the United States will continue to dominate the emerging structures of world governance, Tabb maintains, it will have to change the assumptions behind its championing of classical models of international free trade. A new financial architecture must encompass debt forgiveness, multilateral agreements on investment, and a more inclusive model of growth in the twenty-first century.

This book goes beyond the orthodoxies of economics and offers fresh insights into issues such as theories of growth, the historic relations between state and market and the significance of globalization for modern society.

This is the most comprehensive study yet to appear on the economic aspects of the black ghetto. Its major thesis is that a colonial relationship now exists between the ghetto and the larger society. Present policies, far from alleviating this situation, do much to reinforce it. Professor Tabb analyzes the manner in which vested interest use economic power to resist ghetto reform and sets forth new proposals to do away with the restrictions that hedge in ghetto occupants and prevent them from achieving a fair share of American prosperity.