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Does A Rising Tide Lift All Boats
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Book Synopsis Economic Ideas You Should Forget by : Bruno S. Frey
Download or read book Economic Ideas You Should Forget written by Bruno S. Frey and published by Springer. This book was released on 2017-03-08 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.
Book Synopsis The Roaring Nineties by : Alan B. Krueger
Download or read book The Roaring Nineties written by Alan B. Krueger and published by Russell Sage Foundation. This book was released on 2002-01-17 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: The positive social benefits of low unemployment are many—it helps to reduce poverty and crime and fosters more stable families and communities. Yet conventional wisdom—born of the stagflation of the 1970s—holds that sustained low unemployment rates run the risk of triggering inflation. The last five years of the 1990s—in which unemployment plummeted and inflation remained low—called this conventional wisdom into question. The Roaring Nineties provides a thorough review of the exceptional economic performance of the late 1990s and asks whether it was due to a lucky combination of economic circumstances or whether the new economy has somehow wrought a lasting change in the inflation-safe rate of unemployment. Led by distinguished economists Alan Krueger and Robert Solow, a roster of twenty-six respected economic experts analyzes the micro- and macroeconomic factors that led to the unexpected coupling of low unemployment and low inflation. The more macroeconomically oriented chapters clearly point to a reduction in the inflation-safe rate of unemployment. Laurence Ball and Robert Moffitt see the slow adjustment of workers' wage aspirations in the wake of rising productivity as a key factor in keeping inflation at bay. And Alan Blinder and Janet Yellen credit sound monetary policy by the Federal Reserve Board with making the best of fortunate circumstances, such as lower energy costs, a strong dollar, and a booming stock market. Other chapters in The Roaring Nineties examine how the interaction between macroeconomic and labor market conditions helped sustain high employment growth and low inflation. Giuseppe Bertola, Francine Blau, and Lawrence M. Kahn demonstrate how greater flexibility in the U.S. labor market generated more jobs in this country than in Europe, but at the expense of greater earnings inequality. David Ellwood examines the burgeoning shortage of skilled workers, and suggests policies—such as tax credits for businesses that provide on-the-job-training—to address the problem. And James Hines, Hilary Hoynes, and Alan Krueger elaborate the benefits of sustained low unemployment, including budget surpluses that can finance public infrastructure and social welfare benefits—a perspective often lost in the concern over higher inflation rates. While none of these analyses promise that the good times of the 1990s will last forever, The Roaring Nineties provides a unique analysis of recent economic history, demonstrating how the nation capitalized on a lucky confluence of economic factors, helping to create the longest peacetime boom in American history. Copublished with The Century Foundation
Book Synopsis Bounding the Mekong by : Jim Glassman
Download or read book Bounding the Mekong written by Jim Glassman and published by University of Hawaii Press. This book was released on 2010-09-16 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transnational economic integration has been described by globalization boosters as a rising tide that will lift all boats, an opportunity for all participants to achieve greater prosperity through a combination of political cooperation and capitalist economic competition. The Asian Development Bank (ADB) has championed such rhetoric in promoting the integration of China, Southeast Asia’s formerly socialist states, and Thailand into a regional project called the Greater Mekong Subregion (GMS). But while the GMS project is in fact hastening regional economic integration, Jim Glassman shows that the approach belies the ADB’s idealized description of "win-win" outcomes. The process of "actually existing globalization" in the GMS does provide varied opportunities for different actors, but it is less a rising tide that lifts all boats than an uneven flood of transnational capitalist development whose outcomes are determined by intense class struggles, market competition, and regulatory battles. Glassman makes the case for adopting a class-based approach to analysis of GMS development, regionalization, and actually existing globalization. First he analyzes the interests and actions of various Thai participants in GMS development, then the roles of different Chinese actors in GMS integration. He next provides two cases illustrating the serious limits of any notion that GMS integration is a relatively egalitarian process—Laos’ participation in GMS development and the role of migrant Burmese workers in the production of the GMS. He finds that Burmese migrant workers, dam-displaced Chinese and Laotian villagers, and economically-stressed Thai farmers and small businesses are relative "losers" compared to the powerful business interests that shape GMS integration from locations like Bangkok and Kunming, as well as key sites outside the GMS like Beijing, Singapore, and Tokyo. The final chapter blends geographical-historical analysis with an assessment of uneven development and actually existing globalization in the GMS. Cogent and persuasive, Bounding the Mekong will attract attention from the growing number of scholars analyzing globalization, neoliberalism, regionalization, and multiple scales of governance. It is suitable for graduate courses in geography, political science, and sociology as well as courses with a regional focus.
Book Synopsis The Future of Europe by : Michael Kaeding
Download or read book The Future of Europe written by Michael Kaeding and published by Springer. This book was released on 2018-06-26 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a Foreword by the President of the European Parliament, Antonio Tajani. This book sheds light on the political dynamics within the EU member states and contributes to the discussions about Europe. Authors from all member states as well as Iceland, Norway, Switzerland and Turkey assess how their country could get more involved in the European debate, taking the reader on a journey through various political landscapes and different views. The chapters cover issues ranging from a perceived lack of ambition at the periphery to a careful balancing act between diverse standpoints at the geographical centre. Yet, discussions share common features such as the anxiety regarding national sovereignty, the migration and border discourse, security concerns as well as the obvious need to regain trust and create policies that work. The book contributes vigorously to the debate about Europe in all capitals and every corner of the continent, because this is where its future will be decided.
Download or read book No Rising Tide written by Joerg Rieger and published by Fortress Press. This book was released on 2009-09-24 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics has always had a moral dimension; even free-market mascot Adam Smith was a Christian minister. Yet recent events have renewed and recast theological reflection on the economy as the gospel of prosperity succumbs to large-scale economic crisis. In that light Joerg Rieger explores the many dimensions of today's economic crisis. What are the fundamental shifts taking place in the global economy today, and how are they affecting provision for basic human needs, economic equity, and people's prospects?
Book Synopsis The End of Prosperity by : Arthur B. Laffer
Download or read book The End of Prosperity written by Arthur B. Laffer and published by Simon and Schuster. This book was released on 2009-09-08 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors argue that, for 25 years, the U.S. has experienced a great wave of prosperity as a result of supply-side economics, or Reaganomics. They caution that Americans risk losing their high standard of living if the policies of the past are reversed by a Democratic president.
Book Synopsis A Dictionary of American Proverbs by : Wolfgang Mieder
Download or read book A Dictionary of American Proverbs written by Wolfgang Mieder and published by New York : Oxford University Press. This book was released on 1992 with total page 1348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans have a gift for coining proverbs. "A picture is worth a thousand words" was not, as you might imagine, the product of ancient Chinese wisdom -- it was actually minted by advertising executive Fred Barnard in a 1921 advertisement for Printer's Ink magazine. After all, Americans are first and foremost a practical people and proverbs can be loosely defined as pithy statements that are generally accepted as true and useful. The next logical step would be to gather all of this wisdom together for a truly American celebration of shrewd advice.A Dictionary of American Proverbs is the first major collection of proverbs in the English language based on oral sources rather than written ones. Listed alphabetically according to their most significant key word, it features over 15,000 entries including uniquely American proverbs that have never before been recorded, as well as thousands of traditional proverbs that have found their way into American speech from classical, biblical, British, continental European, and American literature. Based on the fieldwork conducted over thirty years by the American Dialect Society, this volume is complete with historical references to the earliest written sources, and supplies variants and recorded geographical distribution after each proverb.Many surprised await the reader in this vast treasure trove of wit and wisdom. Collected here are nuggets of popular wisdom on all aspects of American life: weather, agriculture, travel, money, business, food, neighbors, friends, manners, government, politics, law, health, education, religion, music, song, and dance. And, to further enhance browsing pleasure, the editors have provided a detailed guide to the use of the work. While it's true that many of our best known proverbs have been supplied by the ever-present "Anonymous," many more can be attributed to some very famous Americans, like Ernest Hemingway, Abraham Lincoln, Benjamin Franklin, Mark Twain, J. Pierpont Morgan, Thomas Alva Edison, Abigail Adams, and Ralph Waldo Emerson, to name but a few offered in this fascinating collection.Who wouldn't want to know the origin of "the opera ain't over till the fat lady sings?" This uniquely American proverb and many more are gathered together in A Dictionary of American Proverbs. A great resource for students and scholars of literature, psychology, folklore, linguistics, anthropology, and cultural history, this endlessly intriguing volume is also a delightful companion for anyone with an interest in American culture.
Download or read book Yellow Earth written by John Sayles and published by Haymarket Books. This book was released on 2020-01-07 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Yellow Earth, John Sayles introduces an epic cast of characters, weaving together narratives of competing agendas and worldviews with lyrical dexterity, insight, and wit. When rich layers of shale oil are discovered beneath the town of Yellow Earth, all hell breaks loose. Locals, oil workers, service workers, politicians, law enforcement, and get-rich-quick opportunists—along with an earnest wildlife biologist—commingle and collide as the population of the town triples overnight. Harleigh Killdeer, chairman of the tribal business council of the neighboring Three Nations reservation, entertains visions of "sovereignty by the barrel" and joins forces with a fast-talking entrepreneur. From casino dealers to activists and high school kids, everyone in the region is swept up in the unsparing wave of an oil boom. Sayles’s masterful storytelling draws an arc from the earliest exploitation of this land and its people all the way to twenty-first-century privatization schemes. Through the intertwining lives of its characters, Yellow Earth lays bare how the profit motive erodes human relationships, as well as our living planet. The fate of Yellow Earth serves as a parable for our times.
Book Synopsis Pragmatic Capitalism by : Cullen Roche
Download or read book Pragmatic Capitalism written by Cullen Roche and published by Macmillan. This book was released on 2014-07-08 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful and original look at why understanding macroeconomics is essential for all investors
Book Synopsis The Economics of School Choice by : Caroline M. Hoxby
Download or read book The Economics of School Choice written by Caroline M. Hoxby and published by University of Chicago Press. This book was released on 2007-11-01 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these questions, investigating the ways in which school choice affects a wide range of issues. Combining the results of empirical research with analyses of the basic economic forces underlying local education markets, The Economics of School Choice presents evidence concerning the impact of school choice on student achievement, school productivity, teachers, and special education. It also tackles difficult questions such as whether school choice affects where people decide to live and how choice can be integrated into a system of school financing that gives children from different backgrounds equal access to resources. Contributors discuss the latest findings on Florida's school choice program as well as voucher programs and charter schools in several other states. The resulting volume not only reveals the promise of school choice, but examines its pitfalls as well, showing how programs can be designed that exploit the idea's potential but avoid its worst effects. With school choice programs gradually becoming both more possible and more popular, this book stands out as an essential exploration of the effects such programs will have, and a necessary resource for anyone interested in the idea of school choice.
Book Synopsis The Economics of Arrival by : Trebeck, Katherine
Download or read book The Economics of Arrival written by Trebeck, Katherine and published by Policy Press. This book was released on 2019-01-15 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: What do we want from economic growth? What sort of a society are we aiming for? In everyday economics, there is no such thing as enough, or too much, growth. Yet in the world’s most developed countries, growth has already brought unrivalled prosperity: we have ‘arrived’. More than that, through debt, inequality, climate change and fractured politics, the fruits of growth may rot before everyone has a chance to enjoy them. It’s high time to ask where progress is taking us, and are we nearly there yet? In fact, Trebeck and Williams claim in this ground-breaking book, the challenge is now to make ourselves at home with this wealth, to ensure, in the interests of equality, that everyone is included. They explore the possibility of ‘Arrival’, urging us to move from enlarging the economy to improving it, and the benefits this would bring for all.
Book Synopsis The Mismeasure of Progress by : Stephen J. Macekura
Download or read book The Mismeasure of Progress written by Stephen J. Macekura and published by University of Chicago Press. This book was released on 2020-11-04 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few ideas in the past century have had wider financial, political, and governmental impact than that of economic growth. The common belief that endless economic growth, as measured by Gross Domestic Product, is not only possible but actually essential for the flourishing of civilization remains a powerful policy goal and aspiration for many. In The Mismeasure of Progress, Stephen J. Macekura exposes a historical road not taken, illuminating the stories of the activists, intellectuals, and other leaders who long argued that GDP growth was not all it was cracked up to be. Beginning with the rise of the growth paradigm in the 1940s and 1950s and continuing through the present day, The Mismeasure of Progress is the first book on the myriad thinkers who argued against growth and the conventional way progress had been measured and defined. For growth critics, questioning the meaning and measurement of growth was a necessary first step to creating a more just, equal, and sustainable world. These critics argued that focusing on growth alone would not resolve social, political, and environmental problems, and they put forth alternate methods for defining and measuring human progress. ?In today’s global political scene—marked by vast inequalities of power and wealth and made even more fraught by a global climate emergency—the ideas presented by these earlier critics of growth resonate more loudly than ever. Economic growth appealed to many political leaders because it allowed them to avoid addressing political trade-offs and class conflict. It sustained the fiction that humans are somehow separate from nonhuman “nature,” ignoring the intimate and dense connections between the two. In order to create a truly just and equitable society, Macekura argues, we need a clear understanding of our collective needs beyond growth and more holistic definitions of progress that transcend economic metrics like GDP.
Book Synopsis Joan Garry's Guide to Nonprofit Leadership by : Joan Garry
Download or read book Joan Garry's Guide to Nonprofit Leadership written by Joan Garry and published by John Wiley & Sons. This book was released on 2017-03-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonprofit leadership is messy Nonprofits leaders are optimistic by nature. They believe with time, energy, smarts, strategy and sheer will, they can change the world. But as staff or board leader, you know nonprofits present unique challenges. Too many cooks, not enough money, an abundance of passion. It’s enough to make you feel overwhelmed and alone. The people you help need you to be successful. But there are so many obstacles: a micromanaging board that doesn’t understand its true role; insufficient fundraising and donors who make unreasonable demands; unclear and inconsistent messaging and marketing; a leader who’s a star in her sector but a difficult boss… And yet, many nonprofits do thrive. Joan Garry’s Guide to Nonprofit Leadership will show you how to do just that. Funny, honest, intensely actionable, and based on her decades of experience, this is the book Joan Garry wishes she had when she led GLAAD out of a financial crisis in 1997. Joan will teach you how to: Build a powerhouse board Create an impressive and sustainable fundraising program Become seen as a ‘workplace of choice’ Be a compelling public face of your nonprofit This book will renew your passion for your mission and organization, and help you make a bigger difference in the world.
Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
Book Synopsis Who Cooked Adam Smith's Dinner? by : Katrine Marcal
Download or read book Who Cooked Adam Smith's Dinner? written by Katrine Marcal and published by Simon and Schuster. This book was released on 2016-06-07 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do you get your dinner? That is the basic question of economics. When economist and philosopher Adam Smith proclaimed that all our actions were motivated by self-interest, he used the example of the baker and the butcher as he laid the foundations for 'economic man,' arguing that the baker and butcher didn't give bread and meat out of the goodness of their hearts. It's an ironic point of view coming from a bachelor who lived with his mother for most of his life—a woman who cooked his dinner every night.The economic man has dominated our understanding of modern-day capitalism, with a focus on self-interest and the exclusion of all other motivations. Such a view point disregards the unpaid work of mothering, caring, cleaning and cooking. It insists that if women are paid less, then that's because their labor is worth less.A kind of femininst Freakonomics, Who Cooked Adam Smith’s Dinner? charts the myth of economic man—from its origins at Adam Smith's dinner table, its adaptation by the Chicago School, and its disastrous role in the 2008 Global Financial Crisis—in a witty and courageous dismantling of one of the biggest myths of our time.
Download or read book Zombie Economics written by John Quiggin and published by Princeton University Press. This book was released on 2012-05-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many—members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us—and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future. Zombie Economics takes the reader through the origins, consequences, and implosion of a system of ideas whose time has come and gone. These beliefs—that deregulation had conquered the financial cycle, that markets were always the best judge of value, that policies designed to benefit the rich made everyone better off—brought us to the brink of disaster once before, and their persistent hold on many threatens to do so again. Because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to traditional Keynesian economics and the politics of the welfare state will not be enough—either to kill dead ideas, or prevent future crises. In a new chapter, Quiggin brings the book up to date with a discussion of the re-emergence of pre-Keynesian ideas about austerity and balanced budgets as a response to recession.
Book Synopsis What Do We Know and What Should We Do About Social Mobility? by : Lee Elliot Major
Download or read book What Do We Know and What Should We Do About Social Mobility? written by Lee Elliot Major and published by SAGE. This book was released on 2020-09-16 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featured in the Financial Times Best Books of the Year 2020 The evidence is rigorously marshalled and the...solutions equally clearly illuminated. A definitive study. - Martin Wolf, Chief Economics Commentator, The Financial Times In this vital new book, Britain′s first Professor of Social Mobility Lee Elliot Major and Stephen Machin, reveal the causes of the UK’s low social mobility, explain why it′s getting worse, and outline how we reverse this worrying trend, before it’s too late. It covers the history of social mobility in the UK, explores international comparisons, analyses the recent ‘dark age’ of declining absolute mobility, and investigates issues such as how family traits affect inter-generational mobility. The authors then outline what it is we should do about this pressing issue. Calling for a fundamental shift in debates about social mobility and arguing that only by establishing general principles of fairness in society can we agree the major policy reforms that can make Britain a more mobile and just society for all.
