Neoliberalism 2.0: Regulating and Financing Globalizing Markets [electronic resource] : A Pigovian Approach for 21st Century Markets /
Nijs, L.author.
In today's increasingly globalized environment, many economic fundamentals need to be reconsidered in order to regain stability in the global marketplace. One such consideration is the failing dynamics of the international tax infrastructure. Neoliberalism 2.0 brings a 21st century assessment of the Pigovian taxes, considering a completely new calibration of the international tax systems, inspired by the historically developed Pigovian tax model. The book considers the impact neoliberalism had and will have on regulatory infrastructure, democracy in an era of globalization and reduced legitimation of the national state. The Pigovian model brings home the often forgotten relationship between taxation (as a part of the regulatory sphere), macro-economics, and the political-philosophical context in which law and economics emerge. The model also takes into account the phenomena of globalization and financialization and is tested using the financial sector as an example. This book addresses the many challenges a Pigovian shift would imply for the sovereign and its national economies. Neoliberalism 2.0 demonstrates the ability to design a paradigm-changing alternative to the current tax infrastructure, while taking into account a low economic growth environment of the future, the implications of globalization and the changing relationship between citizens and their state.
Cover; Contents; List of Tables; 1 Introduction; 1.1 An initial survey; 1.2 The taxation perspective; 1.3 The neoliberal context and the rule of law; 1.4 Rising inequality despite progressive tax systems; 1.5 Sequencing the topics and justification of the research statement; 2 Liberalism versus Neo-Neoliberalism; 2.1 Introduction; 2.2 Dissecting liberalism; 2.2.1 Constituting principles and (soft) demarcation lines; 2.2.2 Classifications; 2.2.3 Classical liberalism; 2.2.4 Social liberalism; 2.2.5 Libertarianism; 2.3 Positioning neoliberalism and the objective of the free market
2.3.1 Historical dimensions2.3.2 Classical neoliberalism; 2.3.3 Stages in the emergence of neoliberalism; 2.3.4 The neoliberal conception of freedom; 2.3.5 Evaluation; 2.4 The problematic relation between the state and the free market; 2.5 How neoliberalism differs from liberalism: A re-visitation of the past; 2.6 Neoliberalism and the rule of law; 2.7 Interim conclusion; 3 Changing Sovereignty, Democracy, Individual Freedom, and the Evolving Dynamics of Taxation in a Modern Neoliberal State within Europe; 3.1 Introduction; 3.2 Development of the nation state
3.2.1 (Historical) connection between state-sovereignty and legitimacy3.2.2 The historical dimensions and role of taxation; 3.2.3 Sovereignty dynamics; 3.2.4 Application of those principles in a 21st century characterized by globalization; 3.3 The role of individual freedom: a back-test against neoliberalism; 3.3.1 The different dimensions of freedom; 3.3.1.1 Negative freedom; 3.3.1.2 Positive freedom; 3.3.2 The libertarian concept of freedom; 3.3.3 The concept of freedom and the dynamics of a modern welfare state; 3.3.4 Freedom and the neoliberal state
3.3.5 Fear, democracy, and the neoliberal individual3.3.6 The neoliberal state infrastructure and neoliberal freedom; 3.3.7 Controlled freedom as ideology; 3.3.8 Characterization of neoliberal freedom; 3.3.9 Neoliberal individuals and their relation to the democratic sovereign; 3.4 Future dynamics of democracy in a (post)-neoliberal state; 3.4.1 The problem lies within the constituting elements of democracy; 3.4.2 Democracy and partial regional sovereignty; 3.4.2.1 Democracy implications of EU membership; 3.4.2.2 Democracy implications of EMU 2.0 membership
3.4.3 The issue of legitimacy in Europe3.4.4 Democratic legitimacy in a non-optimal currency area (EMU 2.0); 3.5 Interim conclusion; 4 Constructing an Alternative Tax Model against the Background of a Changing (Tax) Sovereignty Paradigm within the EU; 4.1 Introduction; 4.2 Evolving tax sovereignty; 4.2.1 Historical dimensions; 4.2.2 The EU dimension; 4.2.3 The EU's involvement in direct tax matters; 4.2.4 Colliding principles: fiscal sovereignty of member states and the direct effect of EU law; 4.3 Internationalization and digitalization affecting tax matters
4.4 The nature of the willingness to pay taxes
Includes index.
In today's increasingly globalized environment, many economic fundamentals need to be reconsidered in order to regain stability in the global marketplace. One such consideration is the failing dynamics of the international tax infrastructure. Neoliberalism 2.0 brings a 21st century assessment of the Pigovian taxes, considering a completely new calibration of the international tax systems, inspired by the historically developed Pigovian tax model. The book considers the impact neoliberalism had and will have on regulatory infrastructure, democracy in an era of globalization and reduced legitimation of the national state. The Pigovian model brings home the often forgotten relationship between taxation (as a part of the regulatory sphere), macro-economics, and the political-philosophical context in which law and economics emerge. The model also takes into account the phenomena of globalization and financialization and is tested using the financial sector as an example. This book addresses the many challenges a Pigovian shift would imply for the sovereign and its national economies. Neoliberalism 2.0 demonstrates the ability to design a paradigm-changing alternative to the current tax infrastructure, while taking into account a low economic growth environment of the future, the implications of globalization and the changing relationship between citizens and their state.
Econometrics.
Political theory.
Finance.
Business mathematics.
Information technology.
Business—Data processing.
Econometrics.
Political Theory.
Finance, general.
Business Mathematics.
Science, Humanities and Social Sciences, multidisciplinary.
IT in Business.