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"Just as today's observers struggle to justify the workings of the free market in the wake of a global economic crisis, an earlier generation of economists revisited their worldviews following the Great Depression. The Great Persuasion is an intellectual history of that project. Angus Burgin traces the evolution of postwar economic thought in order to reconsider many of the most basic assumptions of our market-centered world. Conservatives often point...
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"The apparent success of a 'new' variant of social democracy has created considerable interest in the Third Way. This book synthesises a core economic strategy from the most significant Third Way administrations. It explores the theoretical foundations to Third Way economics, before evaluating its economic strategy against conclusions drawn from contemporary economics literature and the relative performance of contemporary left-of-centre governments....
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"An engaging look at the road to a sustained economic recovery The global finance system can be regulated to prevent massive credit fraud, tame capitalism, confront the sovereign debt crisis, and move towards investing in the real economy and full employment. "Obamanomics", and American reinvention can lead to a sustained economic recovery but only together with major domestic, European, and global monetary reforms in cooperation with emerging nations....
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"More than 630 million Chinese have escaped poverty since the 1980s, reducing the fraction remaining from 82 to 10 percent of the population. This astonishing decline in poverty, the largest in history, coincided with the rapid growth of a private enterprise economy. Yet private enterprise in China emerged in spite of impediments set up by the Chinese government. How did private enterprise overcome these initial obstacles to become the engine of China's...
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Mitchell explains when, how, and why the stock market became the driving force of the American economy. Starting in the first decade of the 20th century, he tells the story of the legal, financial, economic, and social changes that allowed financiers to create large corporations for the main purpose of manufacturing stock and dumping it on the market. He shows how the federal government, wedded to an outdated economic model, failed to regulate finance...
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"Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorton, a prominent expert on financial crises, argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007. Misunderstanding Financial Crises offers a back-to-basics overview of financial crises, and shows that they are...
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How can developing countries grow their economics? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In The Quest for Prosperity, Justin Yifu Lin--the first non-Westerner to be chief economist of the World Bank--focuses on what developing nations can do to help themselves. Since the end of the Second World War, prescriptions for economic growth have come and gone. Often motivated more by ideology...
Description
How can the American social welfare system be repaired so that workers and families receive adequate protection and, if necessary, provision from the ravages of the market? This book addresses this fundamental problem and analyses how the 'privatization of risk' has increased hardships for American families and increased inequality. It also proposes a series of solutions that would distribute the burdens of risks more broadly and expand the social...
Description
"Two of the world's preeminent think tanks have launched a multi-year project which examines the critical facts and dynamics underpinning China's rise and suggests policy responses that will maximize the opportunities for China's constructive integration into the international community. China: The Balance Sheet is the fullest attempt to understand and describe the most important emerging power in the world."--Jacket.
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The income gap in America has been blamed on everything from computers to immigration, but its causes and consequences call for a patient, non-partisan exploration. Noah explains not only how this "Great Divergence" has come about, but why it threatens American democracy--and most important, how we can begin to reverse it.
Description
"This book provides new analysis of inequality in China, with an emphasis on public policy considerations. Several chapters focus on inequality of income; others analyze poverty and inequality in wealth and wages. Topics covered include migrants, women, the elderly, the relationship between income and health funding, and the impact of the rural tax reform. A distinguishing feature of this book is its database. All contributors to the volume make use...
Description
"This book breaks new ground by systematically examining China's capitalist transformation through several comparative lenses. The great majority of research on China to date has consisted of single-country studies. This is the result of the methodological demands of studying China and a sense of the country's distinctiveness due to its grand size and long history. The moniker Middle Kingdom, a direct translation of the Chinese-language word for China,...
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Two-time Pulitzer finalist Jon Jeter reports on the freemarket reforms of the IMF and the World Bank, which in a single generation created a transnational underclass by imbibing a risky cocktail of deindustrialization, privatization, and anti-inflationary monetary policy that have led to the subprime mortgage scandal, the food crisis, and the fraying of traditional social bonds (marriage).
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Description
The Egyptian protests in early 2011 took many by surprise. In the days immediately following, commentators wondered openly over the changing situation across the Middle East. But protest is nothing new to Egypt, and labor activism and political activism, most notably the Kifaya (Enough) movement, have increased dramatically over recent years. In hindsight, it is the durability of the Mubarak regime, not its sudden loss of legitimacy that should be...
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This integrated, analytic text presents a comprehensive analysis of the transformation of the political economy of development in the contemporary Middle East over the past several decades. Extensively rewritten and revised, this third edition retains a focus on the interaction of economic development processes, state systems, and social actors even as it also: documents the many changes in demography, education, labor markets, urbanization, water...
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"Speculation--an economic reality for centuries--is a hallmark of the modern U.S. economy. But how does speculation work? Is it really caused, as some insist, by popular delusions and the madness of crowds, or do failed regulations play a greater part? And why is it that investors never seem to learn the lessons of past speculative bubbles? Crash! explores these questions by examining the rise and fall of the American economy in the 1920s. Phillip...
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"The G8 has become a central actor in global governance, with a steadily expanding role and agenda, incremental growth of membership and broadening network of associated states. The leaders' summits remain at the apex, but the G8 system also comprises expanding and intensifying networks of ministerial fora, task forces and expert groups. Hajnal pays close attention to these entities as well as to the increasing involvement of non-state actors with...
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