Max Weber, Socialism, and the Space for Time

In Economy and Society Weber provides a detailed criticism of socialism emphasizing the dynamic nature of the formal rationality of economic action, thus indicating the limits of bureaucratic rationality. Unfortunately, Weber's critique has received scant attention, commentators concentrating instead on remarks in his political essays. Weber's main argument against socialism is that it would lead to a decrease in formal rationality. Drawing upon Austrian political economy, Weber attempts to secure a 'realm of freedom' within anarchical capitalist production through emphasizing the dynamic nature of economic decision making which necessarily precludes the possibility of a rational socialist planned economy.     

Britain, the United States and the Syrian crisis, 1957

This paper seeks to analyze the Syrian Crisis in 1957 and its impact on the Anglo-American reconciliation after the dispute over Suez in the previous year. The Middle East remained at the forefront of British and American continued regional instability and led to close allied cooperation over the perceived Soviet threat in Syria. This ensured that by the time of the Washington Conference in October 1957 both Macmillan and Eisenhower agreed that the Middle East required a joint Anglo-American policy to safeguard vital regional interests.     

Conceptualizing Neoliberalism: Foundations for an Institutional Marxist Theory of Capitalism

This article argues that the common understanding of neoliberalism as a set of state policies emerges out of the problematic characterization of power within dominant mainstream and critical paradigms. Working from critical realist social theory and Marxian state theory, it presents an alternative theoretical framework to properly account for the complex unfolding of objective history. From this Institutional Marxist perspective, neoliberalism is theorized as a trend in the institutional organization of interlocking state and corporate power.     

The effectiveness of mediation: An independent analysis of cases handled by four major service providers

A study of 449 cases administered by four major providers of ADR services showed that mediation was capable of settling 78 percent of cases, regardless of whether the parties had been sent to mediation by a court or had selected the process voluntarily. Mediation also cost far less than arbitration, took less time, and was judged a more satisfactory process than arbitration.Jeanne M. Brett is the DeWitt W. Buchanan, Jr. Professor of Dispute Resolution and Organizations at the Kellogg Graduate School of Management, Northwestern University, Evanston, Ill. 60208