Media and Sovereignty or Critical Essay on Modern Macroeconomic Theory

Media and Sovereignty: The Global Information Revolution and Its Challenge to State Power

Author: Monroe E Pric

Honorable Mention for the 2002 Communication Policy Research Award presented by The Donald McGannon Communication Research Center

Media have been central to government efforts to reinforce sovereignty and define national identity, but globalization is fundamentally altering media practices, institutions, and content. More than the activities of large conglomerates, globalization entails competition among states as well as private entities to dominate the world's consciousness. Changes in formal and informal rules, in addition to technological innovation, affect the growth and survival or decline of governments.

In Media and Sovereignty, Monroe Price focuses on emerging foreign policies that govern media in a world where war has information as well as military fronts. Price asks how the state, in the face of institutional and technological change, controls the forms of information reaching its citizens. He also provides a framework for analyzing the techniques used by states to influence populations in other states. Price draws on an international array of examples of regulation of media for political ends, including "self-regulation," media regulation in conflict zones, the control of harmful and illegal content, and the use of foreign aid to alter media in target societies.

Table of Contents:

	Acknowledgments
I	Remapping of Media Space	1
1	New Role of the State	3
2	Stability, Transitions, and the Market for Loyalties	31
II	Tropes of Restructuring	55
3	Metaphor and Model in Media Restructuring	57
4	Technologies and the Vocabulary of Change	89
5	Illegal and Harmful Content	117
6	Newness of New Technology	145
III	Negotiating the Changed Media Terrain	169
7	Toward a Foreign Policy of Information Space	171
8	Public Diplomacy and the Transformation of International Broadcasting	199
9	Media Globalization: A Framework for Analysis	227
	Notes	251
	Index	301

Read also Trauma and the Body or Leaving the Enchanted Forest

Critical Essay on Modern Macroeconomic Theory

Author: Frank Hahn

In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from the authors' profound disagreement with that trend. It demonstrates not only how the new classical view got macroeconomics wrong, but also how to go about doing macroeconomics the right way.

Hahn and Solow argue that what was originally offered as a normative model based on perfect foresight and universal perfect competition has been almost casually transformed into a model for interpreting real macroeconomic behavior. After explaining microeconomic foundations, the authors introduce a better macro model, one that can say useful things about the fluctuation of employment, the correlation between wages and employment, and the role for corrective monetary policy.

Booknews

The authors disagree with the trend toward new classical economics, demonstrate where the new classical view of macroeconomics is wrong, and show how to go about doing macroeconomics the right way. After an explanation of microeconomic foundations, they introduce the basic elements for a revised macroeconomic model and discuss its applicability to the fluctuation of employment, the correlation between wages and employment, and corrective monetary policy. Annotation c. Book News, Inc., Portland, OR (booknews.com)