Good Economics For Hard Times

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Good Economics for Hard Times

Good Economics for Hard Times Pdf/ePub eBook Author:
Editor: PublicAffairs
ISBN: 1541762878
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Good Economics for Hard Times by Summary

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.

Poor Economics

Poor Economics Pdf/ePub eBook Author: Abhijit Banerjee,Esther Duflo
Editor: PublicAffairs
ISBN: 1610391608
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Poor Economics by Abhijit Banerjee,Esther Duflo Summary

The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

How Change Happens

How Change Happens Pdf/ePub eBook Author: Cass R. Sunstein
Editor: MIT Press
ISBN: 0262351919
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How Change Happens by Cass R. Sunstein Summary

The different ways that social change happens, from unleashing to nudging to social cascades. "Sunstein's book is illuminating because it puts norms at the center of how we think about change."—David Brooks, The New York Times How does social change happen? When do social movements take off? Sexual harassment was once something that women had to endure; now a movement has risen up against it. White nationalist sentiments, on the other hand, were largely kept out of mainstream discourse; now there is no shortage of media outlets for them. In this book, with the help of behavioral economics, psychology, and other fields, Cass Sunstein casts a bright new light on how change happens. Sunstein focuses on the crucial role of social norms—and on their frequent collapse. When norms lead people to silence themselves, even an unpopular status quo can persist. Then one day, someone challenges the norm—a child who exclaims that the emperor has no clothes; a woman who says “me too.” Sometimes suppressed outrage is unleashed, and long-standing practices fall. Sometimes change is more gradual, as “nudges” help produce new and different decisions—apps that count calories; texted reminders of deadlines; automatic enrollment in green energy or pension plans. Sunstein explores what kinds of nudges are effective and shows why nudges sometimes give way to bans and mandates. Finally, he considers social divisions, social cascades, and “partyism,” when identification with a political party creates a strong bias against all members of an opposing party—which can both fuel and block social change.

Growth

Growth Pdf/ePub eBook Author: Vaclav Smil
Editor: MIT Press
ISBN: 0262354527
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Growth by Vaclav Smil Summary

A systematic investigation of growth in nature and society, from tiny organisms to the trajectories of empires and civilizations. Growth has been both an unspoken and an explicit aim of our individual and collective striving. It governs the lives of microorganisms and galaxies; it shapes the capabilities of our extraordinarily large brains and the fortunes of our economies. Growth is manifested in annual increments of continental crust, a rising gross domestic product, a child's growth chart, the spread of cancerous cells. In this magisterial book, Vaclav Smil offers systematic investigation of growth in nature and society, from tiny organisms to the trajectories of empires and civilizations. Smil takes readers from bacterial invasions through animal metabolisms to megacities and the global economy. He begins with organisms whose mature sizes range from microscopic to enormous, looking at disease-causing microbes, the cultivation of staple crops, and human growth from infancy to adulthood. He examines the growth of energy conversions and man-made objects that enable economic activities—developments that have been essential to civilization. Finally, he looks at growth in complex systems, beginning with the growth of human populations and proceeding to the growth of cities. He considers the challenges of tracing the growth of empires and civilizations, explaining that we can chart the growth of organisms across individual and evolutionary time, but that the progress of societies and economies, not so linear, encompasses both decline and renewal. The trajectory of modern civilization, driven by competing imperatives of material growth and biospheric limits, Smil tells us, remains uncertain.

Making Aid Work

Making Aid Work Pdf/ePub eBook Author: Abhijit Vinayak Banerjee
Editor: MIT Press
ISBN: 0262260395
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Making Aid Work by Abhijit Vinayak Banerjee Summary

An encouraging account of the potential of foreign aid to reduce poverty and a challenge to all aid organizations to think harder about how they spend their money. With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid optimist"—argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development. Banerjee challenges aid donors to do better. Building on the model used to evaluate new drugs before they come on the market, he argues that donors should assess programs with field experiments using randomized trials. In fact, he writes, given the number of such experiments already undertaken, current levels of development assistance could focus entirely on programs with proven records of success in experimental conditions. Responding to his challenge, leaders in the field—including Nicholas Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton, and others—question whether randomized trials are the most appropriate way to evaluate success for all programs. They raise broader questions as well, about the importance of aid for economic development and about the kinds of interventions (micro or macro, political or economic) that will lead to real improvements in the lives of poor people around the world. With one in every six people now living in extreme poverty, getting it right is crucial.

The Tyranny of Experts

The Tyranny of Experts Pdf/ePub eBook Author: William Easterly
Editor: Basic Books
ISBN: 0465080901
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The Tyranny of Experts by William Easterly Summary

In this "bracingly iconoclastic” book (New York Times Book Review), a renowned economics scholar breaks down the fight to end global poverty and the rights that poor individuals have had taken away for generations. In The Tyranny of Experts, renowned economist William Easterly examines our failing efforts to fight global poverty, and argues that the "expert approved" top-down approach to development has not only made little lasting progress, but has proven a convenient rationale for decades of human rights violations perpetrated by colonialists, postcolonial dictators, and US and UK foreign policymakers seeking autocratic allies. Demonstrating how our traditional antipoverty tactics have both trampled the freedom of the world's poor and suppressed a vital debate about alternative approaches to solving poverty, Easterly presents a devastating critique of the blighted record of authoritarian development. In this masterful work, Easterly reveals the fundamental errors inherent in our traditional approach and offers new principles for Western agencies and developing countries alike: principles that, because they are predicated on respect for the rights of poor people, have the power to end global poverty once and for all.

Handbook of Field Experiments

Handbook of Field Experiments Pdf/ePub eBook Author: Esther Duflo,Abhijit Banerjee
Editor: Elsevier
ISBN: 0444633251
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Handbook of Field Experiments by Esther Duflo,Abhijit Banerjee Summary

Handbook of Field Experiments explains how to conduct experimental research, presents a catalog on what research has uncovered thus far, and describes which areas remain to be explored. The section on methodology will be of particular interest to scholars working with experimental methods. Among substantive findings, contributors report on a body of results in areas from politics, to education, and firm productivity, demonstrating the power of these methods, while shedding light on issues such as robustness and external validity. Separating itself from circumscribed debates of specialists, this volume surpasses in usefulness the many journal articles and narrowly-defined books written by practitioners. Balances methodological insights with analyses of principal findings and suggestions for further research Appeals broadly to social scientists seeking to develop an expertise in field experiments Strives to be analytically rigorous Written in language that is accessible to graduate students and non-specialist economists

The Reckoning

The Reckoning Pdf/ePub eBook Author: Jacob Soll
Editor: Basic Books
ISBN: 0465036635
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The Reckoning by Jacob Soll Summary

For centuries, the importance of financial accounting has been well understood. Essential to building businesses, states, and even empires, accounting has also helped leaders measure their power and craft their policies. When practiced poorly or neglected, accounting has contributed to cycles of destruction, as the 2008 financial crisis has made all too clear. In The Reckoning, award-winning historian Jacob Soll shows how the use and misuse of financial bookkeeping has determined the fate of entire societies. In the right hands, accounting has created social stability, good governance, and economic prosperity. In the wrong hands, good accounting practices have often been subverted, with disastrous results ranging from financial losses and debt to complete economic collapse. From the Medici bankers to the director of finances under Louis XVI, from the Industrial Revolution to the Stock Market Crash of 1929 and the Great Recession, The Reckoning demonstrates that civilizations are only as strong as their bookkeepers.

The Daily Show (The Book)

The Daily Show (The Book) Pdf/ePub eBook Author: Chris Smith
Editor: Grand Central Publishing
ISBN: 1455565350
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The Daily Show (The Book) by Chris Smith Summary

NEW YORK TIMES BESTSELLER The complete, uncensored history of the award-winning The Daily Show with Jon Stewart, as told by its correspondents, writers, and host. For almost seventeen years, The Daily Show with Jon Stewart brilliantly redefined the borders between television comedy, political satire, and opinionated news coverage. It launched the careers of some of today's most significant comedians, highlighted the hypocrisies of the powerful, and garnered 23 Emmys. Now the show's behind-the-scenes gags, controversies, and camaraderie will be chronicled by the players themselves, from legendary host Jon Stewart to the star cast members and writers-including Samantha Bee, Stephen Colbert, John Oliver, and Steve Carell - plus some of The Daily Show's most prominent guests and adversaries: John and Cindy McCain, Glenn Beck, Tucker Carlson, and many more. This oral history takes the reader behind the curtain for all the show's highlights, from its origins as Comedy Central's underdog late-night program to Trevor Noah's succession, rising from a scrappy jester in the 24-hour political news cycle to become part of the beating heart of politics-a trusted source for not only comedy but also commentary, with a reputation for calling bullshit and an ability to effect real change in the world. Through years of incisive election coverage, passionate debates with President Obama and Hillary Clinton, feuds with Bill O'Reilly and Fox, and provocative takes on Wall Street and racism, The Daily Show has been a cultural touchstone. Now, for the first time, the people behind the show's seminal moments come together to share their memories of the last-minute rewrites, improvisations, pranks, romances, blow-ups, and moments of Zen both on and off the set of one of America's most groundbreaking shows.

Prosperity without Growth

Prosperity without Growth Pdf/ePub eBook Author: Tim Jackson
Editor: Routledge
ISBN: 1317388216
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Prosperity without Growth by Tim Jackson Summary

What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Atlas Shrugged

Atlas Shrugged Pdf/ePub eBook Author: Ayn Rand
Editor: Penguin
ISBN: 1101137193
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Atlas Shrugged by Ayn Rand Summary

Peopled by larger-than-life heroes and villains, charged with towering questions of good and evil, Atlas Shrugged is Ayn Rand’s magnum opus: a philosophical revolution told in the form of an action thriller—nominated as one of America’s best-loved novels by PBS’s The Great American Read. Who is John Galt? When he says that he will stop the motor of the world, is he a destroyer or a liberator? Why does he have to fight his battles not against his enemies but against those who need him most? Why does he fight his hardest battle against the woman he loves? You will know the answer to these questions when you discover the reason behind the baffling events that play havoc with the lives of the amazing men and women in this book. You will discover why a productive genius becomes a worthless playboy...why a great steel industrialist is working for his own destruction...why a composer gives up his career on the night of his triumph...why a beautiful woman who runs a transcontinental railroad falls in love with the man she has sworn to kill. Atlas Shrugged, a modern classic and Rand’s most extensive statement of Objectivism—her groundbreaking philosophy—offers the reader the spectacle of human greatness, depicted with all the poetry and power of one of the twentieth century’s leading artists.

Good to Great

Good to Great Pdf/ePub eBook Author: Jim Collins
Editor: Harper Collins
ISBN: 0062119206
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Good to Great by Jim Collins Summary

The Challenge Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning. But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness? The Study For years, this question preyed on the mind of Jim Collins. Are there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? And if so, what are the universal distinguishing characteristics that cause a company to go from good to great? The Standards Using tough benchmarks, Collins and his research team identified a set of elite companies that made the leap to great results and sustained those results for at least fifteen years. How great? After the leap, the good-to-great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the world's greatest companies, including Coca-Cola, Intel, General Electric, and Merck. The Comparisons The research team contrasted the good-to-great companies with a carefully selected set of comparison companies that failed to make the leap from good to great. What was different? Why did one set of companies become truly great performers while the other set remained only good? Over five years, the team analyzed the histories of all twenty-eight companies in the study. After sifting through mountains of data and thousands of pages of interviews, Collins and his crew discovered the key determinants of greatness -- why some companies make the leap and others don't. The Findings The findings of the Good to Great study will surprise many readers and shed light on virtually every area of management strategy and practice. The findings include: Level 5 Leaders: The research team was shocked to discover the type of leadership required to achieve greatness. The Hedgehog Concept (Simplicity within the Three Circles): To go from good to great requires transcending the curse of competence. A Culture of Discipline: When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. Technology Accelerators: Good-to-great companies think differently about the role of technology. The Flywheel and the Doom Loop: Those who launch radical change programs and wrenching restructurings will almost certainly fail to make the leap. “Some of the key concepts discerned in the study,” comments Jim Collins, "fly in the face of our modern business culture and will, quite frankly, upset some people.” Perhaps, but who can afford to ignore these findings?

How to Have a Good Day

How to Have a Good Day Pdf/ePub eBook Author: Caroline Webb
Editor: Currency
ISBN: 0553419641
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How to Have a Good Day by Caroline Webb Summary

In How to Have a Good Day, economist and former McKinsey partner Caroline Webb shows readers how to use recent findings from behavioral economics, psychology, and neuroscience to transform our approach to everyday working life. Advances in behavioral sciences are giving us an ever better understanding of how our brains work, why we make the choices we do, and what it takes for us to be at our best. But it has not always been easy to see how to apply these insights in the real world--until now. In How to Have a Good Day, Webb explains exactly how to apply this science to our daily tasks and routines. She translates three big scientific ideas into step-by-step guidance that shows us how to set better priorities, make our time go further, ace every interaction, be our smartest selves, strengthen our personal impact, be resilient to setbacks, and boost our energy and enjoyment. Through it all, Webb teaches us how to navigate the typical challenges of modern workplaces—from conflict with colleagues to dull meetings and overflowing inboxes—with skill and ease. Filled with stories of people who have used Webb’s insights to boost their job satisfaction and performance at work, How to Have a Good Day is the book so many people wanted when they finished Nudge, Blink and Thinking Fast and Slow and were looking for practical ways to apply this fascinating science to their own lives and careers. A remarkable and much-needed book, How to Have a Good Day gives us the tools we need to have a lifetime of good days.

Mercury Rising: John Glenn, John Kennedy, and the New Battleground of the Cold War

Mercury Rising: John Glenn, John Kennedy, and the New Battleground of the Cold War Pdf/ePub eBook Author: Jeff Shesol
Editor: W. W. Norton & Company
ISBN: 1324003251
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Mercury Rising: John Glenn, John Kennedy, and the New Battleground of the Cold War by Jeff Shesol Summary

A riveting history of the epic orbital flight that put America back into the space race. If the United States couldn’t catch up to the Soviets in space, how could it compete with them on Earth? That was the question facing John F. Kennedy at the height of the Cold War—a perilous time when the Soviet Union built the wall in Berlin, tested nuclear bombs more destructive than any in history, and beat the United States to every major milestone in space. The race to the heavens seemed a race for survival—and America was losing. On February 20, 1962, when John Glenn blasted into orbit aboard Friendship 7, his mission was not only to circle the planet; it was to calm the fears of the free world and renew America’s sense of self-belief. Mercury Rising re-creates the tension and excitement of a flight that shifted the momentum of the space race and put the United States on the path to the moon. Drawing on new archival sources, personal interviews, and previously unpublished notes by Glenn himself, Mercury Rising reveals how the astronaut’s heroics lifted the nation’s hopes in what Kennedy called the "hour of maximum danger."

The Beautiful Struggle (Adapted for Young Adults)

The Beautiful Struggle (Adapted for Young Adults) Pdf/ePub eBook Author: Ta-Nehisi Coates
Editor: Delacorte Press
ISBN: 1984894048
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The Beautiful Struggle (Adapted for Young Adults) by Ta-Nehisi Coates Summary

Adapted from the adult memoir by the #1 New York Times bestselling author of The Water Dancer and Between the World and Me, this father-son story explores how boys become men, and quite specifically, how Ta-Nehisi Coates became Ta-Nehisi Coates. As a child, Ta-Nehisi Coates was seen by his father, Paul, as too sensitive and lacking focus. Paul Coates was a Vietnam vet who'd been part of the Black Panthers and was dedicated to reading and publishing the history of African civilization. When it came to his sons, he was committed to raising proud Black men equipped to deal with a racist society, during a turbulent period in the collapsing city of Baltimore where they lived. Coates details with candor the challenges of dealing with his tough-love father, the influence of his mother, and the dynamics of his extended family, including his brother "Big Bill," who was on a very different path than Ta-Nehisi. Coates also tells of his struggles at school and with girls, making this a timely story to which many readers will relate.

The Deficit Myth

The Deficit Myth Pdf/ePub eBook Author: Stephanie Kelton
Editor: PublicAffairs
ISBN: 1541736206
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The Deficit Myth by Stephanie Kelton Summary

A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Inequality and Instability

Inequality and Instability Pdf/ePub eBook Author: James K. Galbraith
Editor: Oxford University Press
ISBN: 0199930864
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Inequality and Instability by James K. Galbraith Summary

As Wall Street rose to dominate the U.S. economy, income and pay inequalities in America came to dance to the tune of the credit cycle. As the reach of financial markets extended across the globe, interest rates, debt, and debt crises became the dominant forces driving the rise of economic inequality almost everywhere. Thus the "super-bubble" that investor George Soros identified in rich countries for the two decades after 1980 was a super-crisis for the 99 percent-not just in the U.S. but the entire world. Inequality and Instability demonstrates that finance is the driveshaft that links inequality to economic instability. The book challenges those, mainly on the right, who see mysterious forces of technology behind rising inequality. And it also challenges those, mainly on the left, who have placed the blame narrowly on trade and outsourcing. Inequality and Instability presents straightforward evidence that the rise of inequality mirrors the stock market in the U.S. and the rise of finance and of free-market policies elsewhere. Starting from the premise that fresh argument requires fresh evidence, James K. Galbraith brings new data to bear as never before, presenting information built up over fifteen years in easily understood charts and tables. By measuring inequality at the right geographic scale, Galbraith shows that more equal societies systematically enjoy lower unemployment. He shows how this plays out inside Europe, between Europe and the United States, and in modern China. He explains that the dramatic rise of inequality in the U.S. in the 1990s reflected a finance-driven technology boom that concentrated incomes in just five counties, very remote from the experience of most Americans-which helps explain why the political reaction was so slow to come. That the reaction is occurring now, however, is beyond doubt. In the aftermath of the Great Financial Crisis, inequality has become, in America and the world over, the central issue. A landmark work of research and original insight, Inequality and Instability will change forever the way we understand this pivotal topic.

Awakening

Awakening Pdf/ePub eBook Author: Rachel B. Vogelstein,Meighan Stone
Editor: PublicAffairs
ISBN: 1541758617
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Awakening by Rachel B. Vogelstein,Meighan Stone Summary

Foreword by Tarana Burke. Awakening chronicles the remarkable global impact of the #MeToo movement. Since 2017, millions have joined the global movement known as #MeToo, catalyzing an unprecedented wave of women’s activism powered by technology that reaches across borders, races, religions, and economic divides. Today, women in more than 100 countries are using the hashtag to fight the violence and discrimination they face—and winning. What started as an online campaign against sexual harassment has triggered the most widespread cultural reckoning on women’s rights in history, with global implications for women’s participation in the economy, politics, and across social and cultural life. Awakening is the first book to capture the global impact of this breakthrough movement. Bringing together political analysis and inspiring personal stories from women in seven countries—Brazil, China, Egypt, Nigeria, Pakistan, Sweden, and Tunisia—Awakening takes readers to the front lines of a networked movement that’s fundamentally shifting how women organize for their own equality.

The Economics Book

The Economics Book Pdf/ePub eBook Author: DK
Editor: Penguin
ISBN: 1465438408
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The Economics Book by DK Summary

All your complicated economic questions and theories explained by world experts. Economics is a broad topic, and your knowledge might be limited if you're not an economist by profession -- until now! The Economics Book is your jargon-free, visual guide to understanding the production and distribution of wealth. Using a combination of authoritative, clear text, and bold graphics, this encyclopedia explores and explains big questions and issues that affect us all. Everything from taxation, to recession to the housing market and much more! By following an innovative visual approach, The Economics Book demystifies and untangles complicated theories. Make sense of abstract concepts through colorful graphics, fun facts, and step-by-step flow diagrams. Satisfy Your Hunger for Knowledge Dive deeper into the history of economics with this page-turning book! From the ancient Greeks to today, you'll discover over 100 key ideas from the world's greatest theorists like Thomas Malthus, John Maynard Keynes, and Milton Friedman. Fortunately, you don't need an economics degree to gain this type of understanding. The Economics Book is your accessible guide to tons of invaluable economic knowledge and learning how the economy shapes our world! This book will be your guide through the history of economics: - Let the Trading Begin 400 BCE - 1770 CE - The Age of Reason 1770 - 1820 - Industrial and Economic Revolutions 1820 - 1929 - War and Depressions: 1929 - 1945 - Post-War Economics 1945 - 1970 - Contemporary Economics 1970 - Present The Series Simply Explained With over 7 million copies sold worldwide to date, The Economics Book is part of the award-winning Big Ideas Simply Explained series from DK Books. It uses innovative graphics along with engaging writing to make complex subjects easier to understand.

Law and Macroeconomics

Law and Macroeconomics Pdf/ePub eBook Author: Yair Listokin
Editor: Harvard University Press
ISBN: 0674239849
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Law and Macroeconomics by Yair Listokin Summary

After 2008, private-sector spending took a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach, used in the New Deal, to harness law’s ability to function as a macroeconomic tool, stimulating or relieving demand as required under certain crisis conditions.

Understanding Poverty

Understanding Poverty Pdf/ePub eBook Author: Abhijit Vinayak Banerjee,Roland Benabou,Dilip Mookherjee
Editor: Oxford University Press
ISBN: 9780198041535
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Understanding Poverty by Abhijit Vinayak Banerjee,Roland Benabou,Dilip Mookherjee Summary

Understanding poverty and what to do about it, is perhaps the central concern of all of economics. Yet the lay public almost never gets to hear what leading professional economists have to say about it. This volume brings together twenty-eight essays by some of the world leaders in the field, who were invited to tell the lay reader about the most important things they have learnt from their research that relate to poverty. The essays cover a wide array of topics: the first essay is about how poverty gets measured. The next section is about the causes of poverty and its persistence, and the ideas range from the impact of colonialism and globalization to the problems of "excessive" population growth, corruption and ethnic conflict. The next section is about policy: how should we fight poverty? The essays discuss how to get drug companies to produce more vaccines for the diseases of the poor, what we should and should not expect from micro-credit, what we should do about child labor, how to design welfare policies that work better and a host of other topics. The final section is about where the puzzles lie: what are the most important anomalies, the big gaps in the way economists think about poverty? The essays talk about the puzzling reluctance of Kenyan farmers to fertilizers, the enduring power of social relationships in economic transactions in developing countries and the need to understand where aspirations come from, and much else. Every essay is written with the aim of presenting the latest and the most sophisticated in economics without any recourse to jargon or technical language.

Reimagining Capitalism in a World on Fire

Reimagining Capitalism in a World on Fire Pdf/ePub eBook Author: Rebecca Henderson
Editor: PublicAffairs
ISBN: 1541730135
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Reimagining Capitalism in a World on Fire by Rebecca Henderson Summary

A renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a system that has lost its moral and ethical foundation. Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short. Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, give us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, the striving for social justice, and the demands of truly democratic institutions. Henderson's deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provide inspiring insight into what capitalism can be. Together with rich discussions of important role of government and how the worlds of finance, governance, and leadership must also evolve, Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right.

The State of the World's Land and Water Resources for Food and Agriculture

The State of the World's Land and Water Resources for Food and Agriculture Pdf/ePub eBook Author: Food and Agriculture Organization of the United Nations
Editor: Routledge
ISBN: 1136498877
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The State of the World's Land and Water Resources for Food and Agriculture by Food and Agriculture Organization of the United Nations Summary

The State of the World's Land and Water Resources for Food and Agriculture is FAO's first flagship publication on the global status of land and water resources. It is an 'advocacy' report, to be published every three to five years, and targeted at senior level decision makers in agriculture as well as in other sectors. SOLAW is aimed at sensitizing its target audience on the status of land resources at global and regional levels and FAO's viewpoint on appropriate recommendations for policy formulation. SOLAW focuses on these key dimensions of analysis: (i) quantity, quality of land and water resources, (ii) the rate of use and sustainable management of these resources in the context of relevant socio-economic driving factors and concerns, including food security and poverty, and climate change. This is the first time that a global, baseline status report on land and water resources has been made. It is based on several global spatial databases (e.g. land suitability for agriculture, land use and management, land and water degradation and depletion) for which FAO is the world-recognized data source. Topical and emerging issues on land and water are dealt with in an integrated rather than sectoral manner. The implications of the status and trends are used to advocate remedial interventions which are tailored to major farming systems within different geographic regions.

Economics for the Common Good

Economics for the Common Good Pdf/ePub eBook Author: Jean Tirole
Editor: Princeton University Press
ISBN: 1400889146
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Economics for the Common Good by Jean Tirole Summary

From Nobel Prize–winning economist Jean Tirole, a bold new agenda for the role of economics in society When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society.

Don't Touch My Hair!

Don't Touch My Hair! Pdf/ePub eBook Author: Sharee Miller
Editor: Little, Brown Books for Young Readers
ISBN: 0316484083
FileSize: 1865kb
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Don't Touch My Hair! by Sharee Miller Summary

An entertaining picture book that teaches the importance of asking for permission first as a young girl attempts to escape the curious hands that want to touch her hair. It seems that wherever Aria goes, someone wants to touch her hair. In the street, strangers reach for her fluffy curls; and even under the sea, in the jungle, and in space, she's chased by a mermaid, monkeys, and poked by aliens...until, finally, Aria has had enough! Author-illustrator Sharee Miller takes the tradition of appreciation of black hair to a new, fresh, level as she doesn't seek to convince or remind young readers that their curls are beautiful--she simply acknowledges black beauty while telling a fun, imaginative story.

Commercialisation of Medical Care in China

Commercialisation of Medical Care in China Pdf/ePub eBook Author: Rama V. Baru,Madhurima Nundy
Editor: Taylor & Francis
ISBN: 1000697894
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Commercialisation of Medical Care in China by Rama V. Baru,Madhurima Nundy Summary

This book explores the changing landscapes of the commercialisation of medical care in China. It is the first work of its kind, and discusses how the rise of market socialism, coupled with decollectivisation of agriculture and autonomisation of hospitals in rural and urban China, have fragmented the health service system. The book examines public hospital reforms; the rise of the medical–industrial complex; the emerging public–private partnerships in the health sector; the challenges of financing; and the growing inequalities in access to health services, to present a comprehensive view of the Chinese health care system over the last four decades. This topical book will be useful to scholars and researchers of Chinese studies, Chinese economy, public health, health management, social health and medicine, medical sociology, sociology, political economy, public policy and public administration as well as policymakers and practitioners.

The Third Pillar

The Third Pillar Pdf/ePub eBook Author: Raghuram Rajan
Editor: Penguin
ISBN: 0525558322
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The Third Pillar by Raghuram Rajan Summary

Shortlisted for the Financial Times/McKinsey Business Book of the Year Award From one of the most important economic thinkers of our time, a brilliant and far-seeing analysis of the current populist backlash against globalization. Raghuram Rajan, distinguished University of Chicago professor, former IMF chief economist, head of India's central bank, and author of the 2010 FT-Goldman-Sachs Book of the Year Fault Lines, has an unparalleled vantage point onto the social and economic consequences of globalization and their ultimate effect on our politics. In The Third Pillar he offers up a magnificent big-picture framework for understanding how these three forces--the state, markets, and our communities--interact, why things begin to break down, and how we can find our way back to a more secure and stable plane. The "third pillar" of the title is the community we live in. Economists all too often understand their field as the relationship between markets and the state, and they leave squishy social issues for other people. That's not just myopic, Rajan argues; it's dangerous. All economics is actually socioeconomics - all markets are embedded in a web of human relations, values and norms. As he shows, throughout history, technological phase shifts have ripped the market out of those old webs and led to violent backlashes, and to what we now call populism. Eventually, a new equilibrium is reached, but it can be ugly and messy, especially if done wrong. Right now, we're doing it wrong. As markets scale up, the state scales up with it, concentrating economic and political power in flourishing central hubs and leaving the periphery to decompose, figuratively and even literally. Instead, Rajan offers a way to rethink the relationship between the market and civil society and argues for a return to strengthening and empowering local communities as an antidote to growing despair and unrest. Rajan is not a doctrinaire conservative, so his ultimate argument that decision-making has to be devolved to the grass roots or our democracy will continue to wither, is sure to be provocative. But even setting aside its solutions, The Third Pillar is a masterpiece of explication, a book that will be a classic of its kind for its offering of a wise, authoritative and humane explanation of the forces that have wrought such a sea change in our lives.

21st Century Economics

21st Century Economics Pdf/ePub eBook Author: Bruno S. Frey,Christoph A. Schaltegger
Editor: Springer
ISBN: 3030177408
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21st Century Economics by Bruno S. Frey,Christoph A. Schaltegger Summary

Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its progress. This compilation of short essays helps readers interested in economics to identify 21st century economic ideas that should be read and remembered. The authors state their personal opinion on what matters most in contemporary economics and reveal its fascinating and creative sides.

The Upside of Inequality

The Upside of Inequality Pdf/ePub eBook Author: Edward Conard
Editor: Penguin
ISBN: 0698409914
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The Upside of Inequality by Edward Conard Summary

The scourge of America’s economy isn't the success of the 1 percent—quite the opposite. The real problem is the government’s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he’s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent—rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of “crony capitalism” more broadly. Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone.

The Good Immigrant

The Good Immigrant Pdf/ePub eBook Author: Nikesh Shukla,Chimene Suleyman
Editor: Little, Brown
ISBN: 0316524298
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The Good Immigrant by Nikesh Shukla,Chimene Suleyman Summary

By turns heartbreaking and hilarious, troubling and uplifting, these "electric" essays come together to create a provocative, conversation-sparking, multivocal portrait of modern America (The Washington Post). From Trump's proposed border wall and travel ban to the marching of white supremacists in Charlottesville, America is consumed by tensions over immigration and the question of which bodies are welcome. In this much-anticipated follow-up to the bestselling UK edition, hailed by Zadie Smith as "lively and vital," editors Nikesh Shukla and Chimene Suleyman hand the microphone to an incredible range of writers whose humanity and right to be here is under attack. Chigozie Obioma unpacks an Igbo proverb that helped him navigate his journey to America from Nigeria. Jenny Zhang analyzes cultural appropriation in 90s fashion, recalling her own pain and confusion as a teenager trying to fit in. Fatimah Asghar describes the flood of memory and emotion triggered by an encounter with an Uber driver from Kashmir. Alexander Chee writes of a visit to Korea that changed his relationship to his heritage. These writers, and the many others in this urgent collection, share powerful personal stories of living between cultures and languages while struggling to figure out who they are and where they belong.

The Beautiful Struggle

The Beautiful Struggle Pdf/ePub eBook Author: Ta-Nehisi Coates
Editor: One World
ISBN: 0385526849
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The Beautiful Struggle by Ta-Nehisi Coates Summary

An exceptional father-son story from the National Book Award–winning author of Between the World and Me about the reality that tests us, the myths that sustain us, and the love that saves us. Paul Coates was an enigmatic god to his sons: a Vietnam vet who rolled with the Black Panthers, an old-school disciplinarian and new-age believer in free love, an autodidact who launched a publishing company in his basement dedicated to telling the true history of African civilization. Most of all, he was a wily tactician whose mission was to carry his sons across the shoals of inner-city adolescence—and through the collapsing civilization of Baltimore in the Age of Crack—and into the safe arms of Howard University, where he worked so his children could attend for free. Among his brood of seven, his main challenges were Ta-Nehisi, spacey and sensitive and almost comically miscalibrated for his environment, and Big Bill, charismatic and all-too-ready for the challenges of the streets. The Beautiful Struggle follows their divergent paths through this turbulent period, and their father’s steadfast efforts—assisted by mothers, teachers, and a body of myths, histories, and rituals conjured from the past to meet the needs of a troubled present—to keep them whole in a world that seemed bent on their destruction. With a remarkable ability to reimagine both the lost world of his father’s generation and the terrors and wonders of his own youth, Coates offers readers a small and beautiful epic about boys trying to become men in black America and beyond. Praise for The Beautiful Struggle “I grew up in a Maryland that lay years, miles and worlds away from the one whose summers and sorrows Ta-Nehisi Coates evokes in this memoir with such tenderness and science; and the greatest proof of the power of this work is the way that, reading it, I felt that time, distance and barriers of race and class meant nothing. That in telling his story he was telling my own story, for me.”—Michael Chabon, bestselling author of The Yiddish Policemen’s Union and The Amazing Adventures of Kavalier & Clay “Ta-Nehisi Coates is the young James Joyce of the hip hop generation.”—Walter Mosley

The Ambassadors

The Ambassadors Pdf/ePub eBook Author: Paul Richter
Editor: Simon and Schuster
ISBN: 1501172425
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The Ambassadors by Paul Richter Summary

Veteran diplomatic correspondent Paul Richter goes behind the battles and the headlines to show how American ambassadors are the unconventional warriors in the Muslim world—running local government, directing drone strikes, building nations, and risking their lives on the front lines. The tale’s heroes are a small circle of top career diplomats who have been an unheralded but crucial line of national defense in the past two decades of wars in the greater Middle East. In The Ambassadors, Paul Richter shares the astonishing, true-life stories of four expeditionary diplomats who “do the hardest things in the hardest places.” The book describes how Ryan Crocker helped rebuild a shattered Afghan government after the fall of the Taliban and secretly negotiated with the shadowy Iranian mastermind General Qassim Suleimani to wage war in Afghanistan and choose new leaders for post-invasion Iraq. Robert Ford, assigned to be a one-man occupation government for an Iraqi province, struggled to restart a collapsed economy and to deal with spiraling sectarian violence—and was taken hostage by a militia. In Syria at the eruption of the civil war, he is chased by government thugs for defying the country’s ruler. J. Christopher Stevens is smuggled into Libya as US Envoy to the rebels during its bloody civil war, then returns as ambassador only to be killed during a terror attach in Benghazi. War-zone veteran Anne Patterson is sent to Pakistan, considered the world’s most dangerous country, to broker deals that prevent a government collapse and to help guide the secret war on jihadists. “An important and illuminating read” (The Washington Post)—The Ambassadors is a candid examination of the career diplomatic corps, America’s first point of contact with the outside world and is a critical piece of modern-day history.

Economics of Agricultural Development

Economics of Agricultural Development Pdf/ePub eBook Author: George W. Norton,Jeffrey Alwang,William A. Masters
Editor: Routledge
ISBN: 100041762X
FileSize: 1978kb
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Economics of Agricultural Development by George W. Norton,Jeffrey Alwang,William A. Masters Summary

Economics of Agricultural Development examines the causes, severity, and effects of poverty, population growth, and malnutrition in developing countries. It discusses potential solutions to these problems, progress made in many countries in recent years, and the implications of globalization for agriculture, poverty, and the environment. Topics covered in the book include: Means for utilizing agricultural surpluses to further overall economic development The sustainability of the natural resource environment Gender issues in relation to agriculture and resource use The contribution of improved technologies to agricultural development The importance of agricultural policies and institutions to development and trade Actions to encourage more rapid agricultural and economic development This new edition reflects the following developments: Growth in environmental challenges due to climate change Continued progress in agricultural and economic development in many low-income countries while other countries and regions are being left behind Continued growth in demand for higher-valued farm products This book is essential reading for undergraduate students seeking to understand the economics of agricultural development and the world food system, including environmental and human consequences, international trade, and capital flows. It contains a wealth of real-world case studies and is accompanied by a website.

Money Basics for Tough Times

Money Basics for Tough Times Pdf/ePub eBook Author: David Koch
Editor: Macmillan Publishers Aus.
ISBN: 1760983748
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Money Basics for Tough Times by David Koch Summary

The essential guide for managing your finances in the wake of COVID-19, and how to turn a recession into an opportunity. Get the money basics right and get back on your feet after financial disaster. Australia hasn't had a recession in 30 years - so how can you recover from it? The COVID-19 pandemic has thrown the global economy into chaos and stock market on a wild rollercoaster ride. But what about your finances? Whether you've lost on shares, your property or your job, this is a frightening time for everyone. Getting the money stuff right has never been more important. Money Basics for Tough Times is about having a plan to recover from financial disaster. Packed with tips and strategies on money management, from negotiating with your landlord to buying groceries on a shoestring budget to investing in crashing markets to starting a side hustle for extra income, pioneering consumer finance journalist David Koch offers Australians hope in an unprecedented era by taking things back to basics. This is a clear, comforting, concise guide for how individuals and families, despite economic hardship and uncertainty, can turn their fortunes around.

Critical Issues in Human Rights and Development

Critical Issues in Human Rights and Development Pdf/ePub eBook Author: Marks, Stephen P.,Rajagopal, Balakrishnan
Editor: Edward Elgar Publishing
ISBN: 1781005974
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Critical Issues in Human Rights and Development by Marks, Stephen P.,Rajagopal, Balakrishnan Summary

This collection addresses human rights and development for researchers, policymakers and activists at a time of major challenges. ÔCritical issuesÕ in the title signifies both the urgency of the issues and the need for critical rethinking. After exploring the overarching issues of development and economic theory, gender, climate change and disability, the book focuses on issues of technology and trade, education and information, water and sanitation, and work, health, housing and food.

The Economics of Globally Shared and Public Goods

The Economics of Globally Shared and Public Goods Pdf/ePub eBook Author: S. Niggol Seo
Editor: Academic Press
ISBN: 0128198761
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The Economics of Globally Shared and Public Goods by S. Niggol Seo Summary

The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared goods such as climate change and global catastrophes, The Economics of Globally Shared and Public Goods provides a path toward greater co-operation and shared successes. Offers an encompassing description of the economics of global public goods Provides an ensemble of empirical analyses of behavioral complexities Defines a set of optimality conditions for a solution applicable to many problems

A Billion Fireflies

A Billion Fireflies Pdf/ePub eBook Author: Arun Maira
Editor: Notion Press
ISBN: 1638505829
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A Billion Fireflies by Arun Maira Summary

The Covid-19 pandemic has revealed the fragility of economic systems, and the precariousness of the incomes and lives of people all over the world. We must “build back better” and create a more resilient economy, which is more inclusive, and more just, than our economies are. What should be the contours of the “new normal”, and how will we change the old normal to the new, are questions we must collectively address now, and urgently. Otherwise, the old will recreate itself, driven by the embedded ideas about good economics on which it was founded. “Never waste a crisis”, leaders and policymakers say. A Billion Fireflies is a reminder of the ideas for a new paradigm—of what it should be and how it can be brought about—that far-sighted people had proposed before the pandemic. The time has come to convert those ideals into reality.

A Look at China and Sino-Belarus Cooperation

A Look at China and Sino-Belarus Cooperation Pdf/ePub eBook Author: Kiryl Rudy
Editor: Cambridge Scholars Publishing
ISBN: 1527564347
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A Look at China and Sino-Belarus Cooperation by Kiryl Rudy Summary

This book is simultaneously a scientific study, a practical guide and diplomatic memoir about the new era in China’s development, which began in 2013 with Xi Jinping coming to power. It explores the modern Chinese experience of the political centralization of power, the fight against corruption, strengthening the country’s defense system, reinforcing the country’s diplomacy, the political rapprochement between China and Russia, and exacerbation of relations with the United States. It also considers issues of China’s adjusting its policy of reforms and its openness to a new era, transforming inefficient state-owned enterprises, building an IT-focused country, and overcoming phobias in the construction of the “Belt and Road” initiative related to the “debt trap” and the “trade deficit”, as well as the role of the Huawei Corporation. A separate section of the book is devoted to Belarus-China relations, exploring the reasons for the political rapprochement between these two very different countries.

Guyana’s Great Economic Downswing, 1977-1990

Guyana’s Great Economic Downswing, 1977-1990 Pdf/ePub eBook Author: Ramesh Gampat
Editor: Xlibris Corporation
ISBN: 1664132848
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Guyana’s Great Economic Downswing, 1977-1990 by Ramesh Gampat Summary

Much of Guyana’s 20th century history was defined by the PNC dictatorship and the political and economic wreckage it left behind. In “Guyana’s Great Economic Downswing, 1977 to 1990”, Dr Ramesh Gampat presents a comprehensive study of these specific years when the national economy contracted by 2.7 percent annually. He explores the multiple facets of the country’s political tribalism which “does not value freedom, liberty and the flourishing of all people; it values only freedom, liberty and flourishing of tribes.” The study reinforces the widely held belief that until and unless these adversarial groups subsume their respective selfish interests and commit to the common cause of national peace and development, the great downswing might not rest as a historical event but could well re-emerge with further economic devastation if the lessons go unheeded. Dr Gampat makes a strong case for federalism as a solution to Guyana’s ethnic politics. Federalism, he posits, would ensure that all Guyanese have equal access to opportunities and resources since a system of provincial governance would be better placed to address discriminatory policies and practices at a localised level. With the country sitting on the cusp of transformative development to be propelled by new-found oil wealth, there is an urgency to settle the divisive politics if every Guyanese is to benefit fairly and equitably from the economic boom. “Guyana’s Great Economic Downswing, 1977 to 1990” offers up a studied and comprehensive analysis that should be part of that bipartisan discourse going forward. --- Ryhaan Shah, Novelist, Social Activist A few piecemeal academic articles analyzing Guyana’s economic evolution over the period 1977 to 1990 were written, but they are scattered and lost away in various journals. What was missing is a comprehensive and rigorous exploration of the era of Cooperative Socialism. Dr. Ramesh Gampat’s book fills this gap. It is a superb synthesis of historical, theoretical and econometric exploration of the Great Downswing. The book not only provides estimates of important macroeconomic concepts such as Guyana’s total factor productivity and long-term growth, but also produces the useful statistics and reviews of poverty, inequality, life expectancy, education outcomes as well as a detailed analysis of the rice sector. As if these are not enough, Gampat sets the tone by situating the exploration in the country’s long standing and debilitating ethno-political dynamics. This self-contained book will be of tremendous use to policy makers, journalists and students interested in the historical context of present-day outcomes. I highly recommend this book to public libraries and home reference libraries. ---Tarron Khemraj, William and Marie Selby Professor of Economics and International Studies, New College of Florida

Economic Instability and Stabilization Policy

Economic Instability and Stabilization Policy Pdf/ePub eBook Author: Ralf Pauly
Editor: Springer Nature
ISBN: 3658336269
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Economic Instability and Stabilization Policy by Ralf Pauly Summary

This book pleads for a new orientation of government economic policy, as well as central bank policy, rejecting the traditional government stabilization policy that leads to a dead-end of economic instability and social inequality in the long run. Growing economic instability and increasing state stabilization characterize the development of the capitalist market economy since the major world economic crises of the last century. The book examines these crises and the measures states take to overcome them. Additionally, it addresses the effectiveness and consequences of state intervention. In presenting the main features of Keynes’ and Minsky’s macroeconomics, the book provides a conceptual basis for an outlook on government stabilization in a changing market economy. It thus also offers a suitable framework for current economic policy discussions. Finally, the book examines the wider context of economic history for lessons to be learned. This book is a must-read for scholars and students of economics, as well as policy-makers and practitioners, interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention.

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