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5) Animal spirits: how human psychology drives the economy, and why it matters for global capitalism
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The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, the authors, both economists, challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and...
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Criticism of the present economic system of the USA and proposals for comprehensive economic policy reform - covers the general economic theory of advanced economic development, consumption, and the concept of the household, the market system in relation to the service sector and the self employed, economic planning, price policy, inflation, income distribution, fiscal policy, the environment, technological change, the role of women, etc.
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Everybody talks about the economy; everybody has complaints or recommendations. Few know what they're talking about. So asserts Robert Eisner - one of our nation's most distinguished economists - in this authoritative analysis of the real and imagined ills of the U.S. economy.
In clear, accessible language, The Misunderstood Economy confronts an array of myths surrounding economic issues. Eisner begins by challenging many of the standards traditionally...
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Macroeconomic Policy and the Future of Capitalism addresses the revolution in macroeconomic policy of the last quarter of the 20th century and the movement away from concerns with employment and growth in favour of financial variables such as inflation or exchange rates. John Smithin argues that this 'financial reaction' in macroeconomic policy is the result of a distinct shift in political power in favour of financial or 'rentier' interests, and...
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Contains 12 contributions examining the economics of low unemployment rates whilst inflation did not increase during the 1990s. Presents macroeconomic perspectives, studies of effects of international trade on labour markets, projections of labour supplies to the year 2020, and an outlook on whether rising productivity and falling unemployment can be sustained or replicated.
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In Created Unequal, Galbraith explains the relationship between economic policy and the structure of pay. He shows why "knowledge" workers have done well and why service workers have not why consumer industries have lost ground and why the true service economy is smaller than you think. Whether you are in the aircraft industry (rich) or the garment business (poor), medicine (up-and-coming despite HMOs) or residential construction (in deep decline),...
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