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Economic Myth And Reality
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Book Synopsis Energy and Economic Myths by : Nicholas Georgescu-Roegen
Download or read book Energy and Economic Myths written by Nicholas Georgescu-Roegen and published by Elsevier. This book was released on 2014-05-18 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy and Economic Myths: Institutional and Analytical Economic Essays is a collection of materials that deal with various issues and concerns in economics. The title aims to clarify the misconception in economics. The first part of the text deals with the issues in natural resources and the economics of production. Next, the selection tackles the problems in institutional economics. Part III covers the epistemological and methodological concerns in economics. The title also talks about economic theories. The book will be of great interest to economists and readers who want to enhance their understanding of economic concepts.
Book Synopsis The Deficit Myth by : Stephanie Kelton
Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Economics and World History by : Paul Bairoch
Download or read book Economics and World History written by Paul Bairoch and published by University of Chicago Press. This book was released on 1995-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Bairoch deflates twenty commonly held myths about economic history. Among these myths are that free trade and population growth have historically led to periods of economic growth, and that colonial powers in the nineteenth and early twentieth centuries became rich through the exploitation of the Third World. Bairoch shows that these beliefs are based on insufficient knowledge and wrong interpretations of the history of economies of the United States, Europe, and the Third World, and he re-examines the facts to set the record straight. Bairoch argues that until the early 1960s, the history of international trade of the developed countries was almost entirely one of protectionism rather than a "Golden Era" of free trade, and he reveals that, in fact, past periods of economic growth in the Western World correlated strongly with protectionist policy. He also demonstrates that developed countries did not exploit the Third World for raw materials during the nineteenth and early twentieth centuries, as some economists and many politicians have held. Among the many other myths that Bairoch debunks are beliefs about whether colonization triggered the Industrial Revolution, the effects of the economic development of the West on the Third World, and beliefs about the 1929 crash and the Great Depression. Bairoch's lucid prose makes the book equally accessible to economists of every stripe, as well as to historians, political scientists, and other social scientists.
Download or read book Public Debt written by Giuseppe Eusepi and published by Edward Elgar Publishing. This book was released on 2017-06-30 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decades, economists have witnessed with growing uneasiness their failure to explain the ballooning of public debt in most countries. This book provides an alternative orientation that explains why concepts of public debt that are relevant for authoritarian regimes are not relevant for democratic regimes. Using methodological individualism and micro-economics, this book overcomes flaws inherent in the standard macro approach, according to which governments manipulate public debt to promote systemic stability. This unique analysis is grounded in the writings of Antonio de Viti de Marco, injecting current analytical contributions and formulations into the framework to offer a forthright insight into public debt and political economy.
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 Myth of Development by : Oswaldo de Rivero B.
Download or read book The Myth of Development written by Oswaldo de Rivero B. and published by Zed Books. This book was released on 2001 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to prevent increasing social and political disorders, the author argues that many countries with primary production and explosive urban growth will have to abandon dreams of development to adopt a policy of national survival based on the search for water, food, and energy security - and the stabilization of their populations."--BOOK JACKET.
Book Synopsis Myth and Reality in the Rain Forest by : John F. Oates
Download or read book Myth and Reality in the Rain Forest written by John F. Oates and published by Univ of California Press. This book was released on 1999 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book offers a timely, clear-headed, and uniquely important contribution to conservation, one that should be read by all bureaucrats, scientists, and others involved with development projects that supposedly benefit wildlife and wilderness."--George B. Schaller, author of Wildlife of the Tibetan Steppe
Book Synopsis Water Crisis: Myth or Reality? by : Peter P. Rogers
Download or read book Water Crisis: Myth or Reality? written by Peter P. Rogers and published by CRC Press. This book was released on 2005-12-22 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Always considered a classic renewable resource, after a hundred thousand years of farming and industry, rivers in many parts of the world are running dry and the groundwater is over pumped. In addition, the rate at which water sources are becoming contaminated with waste from humans, industry, and agriculture is truly alarming. Do these factors add up to a water crisis that merits drastic, large-scale action? Not necessarily say the editors of Water Crisis: Myth or Reality. They challenge this pessimism, concluding that while there are serious global water issues to be considered, the concept of a global water crisis is largely overstated. The book examines the issues and explores which conditions are permanent and unchangeable and which are remediable and changeable. The chapters explore when and where severe regional and local water problems occur and make suggestions about how they may be solved in a deliberate, non-crisis manner. The book covers recent breakthroughs in desalination technologies, the eco-sanitation revolution, international trade in agricultural products, methods of governance and negotiation in water allocation, and pricing and devolution of property rights and the roles they play in solving water issues. The editors, along with a panel of world-renowned experts, suggest that water issues can be solved over the next few decades using new technologies and processes.
Book Synopsis The Myth and Propaganda of Black Buying Power by : Jared A. Ball
Download or read book The Myth and Propaganda of Black Buying Power written by Jared A. Ball and published by Springer Nature. This book was released on 2020-04-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Palgrave Pivot offers a history of and proof against claims of "buying power" and the impact this myth has had on understanding media, race, class and economics in the United States. For generations Black people have been told they have what is now said to be more than one trillion dollars of "buying power," and this book argues that commentators have misused this claim largely to blame Black communities for their own poverty based on squandered economic opportunity. This book exposes the claim as both a marketing strategy and myth, while also showing how that myth functions simultaneously as a case study for propaganda and commercial media coverage of economics. In sum, while “buying power” is indeed an economic and marketing phrase applied to any number of racial, ethnic, religious, gender, age or group of consumers, it has a specific application to Black America.
Book Synopsis Manufacturing Matters by : Stephen S. Cohen
Download or read book Manufacturing Matters written by Stephen S. Cohen and published by New York : Basic Books. This book was released on 1987-06-03 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Myth and Measurement by : David Card
Download or read book Myth and Measurement written by David Card and published by Princeton University Press. This book was released on 2015-12-22 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wage David Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage workers. In a work that has important implications for public policy as well as for the direction of economic research, the authors put standard economic theory to the test, using data from a series of recent episodes, including the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In each case they present a battery of evidence showing that increases in the minimum wage lead to increases in pay, but no loss in jobs. A distinctive feature of Card and Krueger's research is the use of empirical methods borrowed from the natural sciences, including comparisons between the "treatment" and "control" groups formed when the minimum wage rises for some workers but not for others. In addition, the authors critically reexamine the previous literature on the minimum wage and find that it, too, lacks support for the claim that a higher minimum wage cuts jobs. Finally, the effects of the minimum wage on family earnings, poverty outcomes, and the stock market valuation of low-wage employers are documented. Overall, this book calls into question the standard model of the labor market that has dominated economists' thinking on the minimum wage. In addition, it will shift the terms of the debate on the minimum wage in Washington and in state legislatures throughout the country. With a new preface discussing new data, Myth and Measurement continues to shift the terms of the debate on the minimum wage.
Book Synopsis Economic Myths and Economic Realities by : Jorge Sá
Download or read book Economic Myths and Economic Realities written by Jorge Sá and published by Austin Macauley Publishers. This book was released on 2024-08-16 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world’s ten richest countries have about 60 times the income per capita of the bottom ten. Nobel Prize-winning economists have acknowledged their ignorance regarding the sources of economic growth. This explains why, despite considerable financial assistance, the gap between poorer and richer countries has grown year after year, both globally and within countries like the USA and Europe. Using straightforward statistical diagrams, this book explains approximately 90% of the variance in income among countries or states. First, it empirically demonstrates what does not work – the myths – from reindustrialization to Keynesianism. Then, it examines the real drivers of growth by evaluating whole countries (public, social and private sectors combined, including the non-working population) as companies, assessing their business administration across areas like marketing, work culture, strategy and operations. After all, numerous multinationals are larger than countries. The lessons are twofold: First, nothing is more pointless than perfecting the irrelevant. Second, there are no underdeveloped countries, only undermanaged ones (P. Drucker). The wealthiest countries are, overall, the best-run companies.
Book Synopsis THE SOVIET ECONOMY: Myth and Reality by : MARSHALL I. GOLDMAN
Download or read book THE SOVIET ECONOMY: Myth and Reality written by MARSHALL I. GOLDMAN and published by . This book was released on 1968 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Myth of America's Decline: Politics, Economics, and a Half Century of False Prophecies by : Josef Joffe
Download or read book The Myth of America's Decline: Politics, Economics, and a Half Century of False Prophecies written by Josef Joffe and published by W. W. Norton & Company. This book was released on 2014 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: "While it may be catnip for the media to play up America as a has-been, Josef Joffe, a ... German commentator and Stanford University academic, [proposes] that Declinism is not a cold-eyed diagnosis but a device in the style of the ancient prophets ... Gloom is a prophecy that must be believed so that it will turn out wrong. Joffe [posits that] 'economic miracles' that propelled the rising tide of challengers flounder against their own limits. Hardly confined to Europe alone, Declinism has also been an especially nifty career builder for American politicians, among them Kennedy, Nixon, and Reagan, who all rode into the White House by hawking 'the end is near'"--Dust jacket flap.
Book Synopsis Does Education Matter? by : Alison Wolf
Download or read book Does Education Matter? written by Alison Wolf and published by Penguin UK. This book was released on 2002-05-30 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Education, education, education" has become an obsession for politicians and the public alike. It is seen as an economic panacea: an engine for growth and prosperity. But is there a link between increased spending on higher eductaion and economicgrowth? Professor Alison Wolf takes a critical look at successive governments' education policy and challenges many of the tenets of received wisdom: there are no economic reasons for spending more on higher education in order to stimulate growth. The conclusion of this devastating book is that a large proportion of the billions poured into vocational training and university provision might be better spent on teaching the basics at primary school.
Book Synopsis The Holocaust, Corporations, and the Law by : Leora Yedida Bilsky
Download or read book The Holocaust, Corporations, and the Law written by Leora Yedida Bilsky and published by University of Michigan Press. This book was released on 2017-09-12 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Holocaust, Corporations, and the Law explores the challenge posed by the Holocaust to legal and political thought by examining issues raised by the restitution class action suits brought against Swiss banks and German corporations before American federal courts in the 1990s. Although the suits were settled for unprecedented amounts of money, the defendants did not formally assume any legal responsibility. Thus, the lawsuits were bitterly criticized by lawyers for betraying justice and by historians for distorting history. Leora Bilsky argues class action litigation and settlement offer a mode of accountability well suited to addressing the bureaucratic nature of business involvement in atrocities. Prior to these lawsuits, legal treatment of the Holocaust was dominated by criminal law and its individualistic assumptions, consistently failing to relate to the structural aspects of Nazi crimes. Engaging critically with contemporary debates about corporate responsibility for human rights violations and assumptions about “law,” she argues for the need to design processes that make multinational corporations accountable, and examines the implications for transitional justice, the relationship between law and history, and for community and representation in a post-national world. Her novel interpretation of the restitution lawsuits not only adds an important dimension to the study of Holocaust trials, but also makes an innovative contribution to broader and pressing contemporary legal and political debates. In an era when corporations are ever more powerful and international, Bilsky’s arguments will attract attention beyond those interested in the Holocaust and its long shadow.
Book Synopsis Order and Disorder in Early Modern England by : Anthony Fletcher
Download or read book Order and Disorder in Early Modern England written by Anthony Fletcher and published by Cambridge University Press. This book was released on 1987-06-04 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book attempts both to take stock of directions in the field and to suggest alternative perspectives on some central aspects of the period.