Slouching Towards Utopia

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Slouching Towards Utopia

Author : J. Bradford DeLong
Publisher : Basic Books
ISBN 13 : 0465023363
Total Pages : 532 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis Slouching Towards Utopia by : J. Bradford DeLong

Download or read book Slouching Towards Utopia written by J. Bradford DeLong and published by Basic Books. This book was released on 2022-09-06 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: An instant New York Times and Wall Street Journal bestseller from one of the world’s leading economists, offering a grand narrative of the century that made us richer than ever, but left us unsatisfied “A magisterial history.”—Paul Krugman Named a Best Book of 2022 by Financial Times * Economist * Fast Company Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would have used such powers to build utopia. But it was not so. When 1870–2010 ended, the world instead saw global warming; economic depression, uncertainty, and inequality; and broad rejection of the status quo. Economist Brad DeLong’s Slouching Towards Utopia tells the story of how this unprecedented explosion of material wealth occurred, how it transformed the globe, and why it failed to deliver us to utopia. Of remarkable breadth and ambition, it reveals the last century to have been less a march of progress than a slouch in the right direction.

Slouching Toward Utopia

Author : George Scialabba
Publisher :
ISBN 13 : 9781940396422
Total Pages : 0 pages
Book Rating : 4.3/5 (964 download)

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Book Synopsis Slouching Toward Utopia by : George Scialabba

Download or read book Slouching Toward Utopia written by George Scialabba and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Literary Nonfiction. Politics. SLOUCHING TOWARD UTOPIA is George Scialabba's fifth collection from Pressed Wafer, following WHAT ARE INTELLECTUALS GOOD FOR? (2009), THE MODERN PREDICAMENT (2011), FOR THE REPUBLIC (2013), and LOW DISHONEST DECADES (2016). Like the others, SLOUCHING TOWARD UTOPIA features trenchant commentary on contemporary politics and culture, couched in graceful and limpid prose. In addition to reviews of Samuel Huntington, Ivan Illich, Alexander Cockburn, and Mark Lilla, along with a dozen others, there is a symposium contribution on identity politics, two long interviews about intellectuals and American politics, and the title essay, a lecture offering an original meditation on how to get past the conventional wisdom about political morality and begin to at least stumble toward utopia. Samuel Moyn has called George Scialabba "a national treasure of long standing" and "our preeminent chronicler of American public intellectuals," and says that "this new collection of his inimitable essays and reviews is one every serious reader needs." Art Goldhammer calls SLOUCHING TOWARD UTOPIA "a collection of elegant, erudite, eminently humane meditations...that illuminate these dark days of the Republic with admirable intellectual rigor. [Scialabba's] is a quiet voice that needs to be heard above the raucous cacophony that dominates our public space." In his Foreword to SLOUCHING TOWARD UTOPIA, Jedediah Purdy praises Scialabba for writing "lucidly about benightedness, vividly about purblindness, so that his essays and reviews show thought as a thing possible in a world that can seem a conspiracy against sense and reason." George worked for 35 years in building management at Harvard University in order to support his book-reviewing habit. When he retired in 2015, the city of Cambridge declared a "George Scialabba Day," and Noam Chomsky, Barbara Ehrenreich, Thomas Frank, and others gathered to celebrate.

Slouching Towards Gomorrah

Author : Robert H. Bork
Publisher : Harper Collins
ISBN 13 : 0062030914
Total Pages : 434 pages
Book Rating : 4.0/5 (62 download)

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Book Synopsis Slouching Towards Gomorrah by : Robert H. Bork

Download or read book Slouching Towards Gomorrah written by Robert H. Bork and published by Harper Collins. This book was released on 2010-11-16 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this New York Times bestselling book, Robert H. Bork, our country's most distinguished conservative scholar, offers a prophetic and unprecedented view of a culture in decline, a nation in such serious moral trouble that its very foundation is crumbling: a nation that slouches not towards the Bethlehem envisioned by the poet Yeats in 1919, but towards Gomorrah. Slouching Towards Gomorrah is a penetrating, devastatingly insightful exposé of a country in crisis at the end of the millennium, where the rise of modern liberalism, which stresses the dual forces of radical egalitarianism (the equality of outcomes rather than opportunities) and radical individualism (the drastic reduction of limits to personal gratification), has undermined our culture, our intellect, and our morality. In a new Afterword, the author highlights recent disturbing trends in our laws and society, with special attention to matters of sex and censorship, race relations, and the relentless erosion of American moral values. The alarm he sounds is more sobering than ever: we can accept our fate and try to insulate ourselves from the effects of a degenerating culture, or we can choose to halt the beast, to oppose modern liberalism in every arena. The will to resist, he warns, remains our only hope.

A Capitalism for the People

Author : Luigi Zingales
Publisher : Basic Books
ISBN 13 : 0465038700
Total Pages : 337 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis A Capitalism for the People by : Luigi Zingales

Download or read book A Capitalism for the People written by Luigi Zingales and published by Basic Books. This book was released on 2014-02-11 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment -- paired with rampant nepotism and cronyism -- on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning -- often with great anger -- whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls "the lighthouse" of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people -- not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.

The Money Makers

Author : Eric Rauchway
Publisher : Basic Books
ISBN 13 : 0465061567
Total Pages : 337 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Money Makers by : Eric Rauchway

Download or read book The Money Makers written by Eric Rauchway and published by Basic Books. This book was released on 2015-10-27 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best, and ruinous at worst. But they could not have been more wrong. With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status. Drawing on the ideas of the brilliant British economist John Maynard Keynes, among others, Roosevelt created the conditions for recovery from the Great Depression, deploying economic policy to fight the biggest threat then facing the nation: deflation. Throughout the 1930s, he also had one eye on the increasingly dire situation in Europe. In order to defeat Hitler, Roosevelt turned again to monetary policy, sending dollars abroad to prop up the faltering economies of Britain and, beginning in 1941, the Soviet Union. FDR's fight against economic depression and his fight against fascism were indistinguishable. As Rauchway writes, "Roosevelt wanted to ensure more than business recovery; he wanted to restore American economic and moral strength so the US could defend civilization itself." The economic and military alliance he created proved unbeatable-and also provided the foundation for decades of postwar prosperity. Indeed, Rauchway argues that Roosevelt's greatest legacy was his monetary policy. Even today, the "Roosevelt dollar" remains both the symbol and the catalyst of America's vast economic power. The Money Makers restores the Roosevelt dollar to its central place in our understanding of FDR, the New Deal, and the economic history of twentieth-century America. We forget this history at our own peril. In revealing the roots of our postwar prosperity, Rauchway shows how we can recapture the abundance of that period in our own.

Slouching Towards Bethlehem

Author : Joan Didion
Publisher : Macmillan
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Slouching Towards Bethlehem by : Joan Didion

Download or read book Slouching Towards Bethlehem written by Joan Didion and published by Macmillan. This book was released on 1990 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: A RICH DISPLAY OF SOME OF THE BEST PROSE WRITTEN TODAY IN THE USA.

Slouching Towards Utopia

Author : Brad de Long
Publisher : Hachette UK
ISBN 13 : 1399803441
Total Pages : 809 pages
Book Rating : 4.3/5 (998 download)

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Book Synopsis Slouching Towards Utopia by : Brad de Long

Download or read book Slouching Towards Utopia written by Brad de Long and published by Hachette UK. This book was released on 2022-09-15 with total page 809 pages. Available in PDF, EPUB and Kindle. Book excerpt: AN INSTANT NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER LONGLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR A FINANCIAL TIMES BEST ECONOMICS BOOK OF THE YEAR AND THE ECONOMIST BOOK OF THE YEAR From one of the world's leading economists, a sweeping new history of the twentieth century - a century that left us vastly richer, yet still profoundly dissatisfied. Before 1870, most people lived in dire poverty, the benefits of the slow crawl of invention continually offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation, and creatively destroying the economy again and again. Slouching Towards Utopia tells the story of the major economic and technological shifts of the 20th century in a bold and ambitious, grand narrative. In vivid and compelling detail, DeLong charts the unprecedented explosion of material wealth after 1870 which transformed living standards around the world, freeing humanity from centuries of poverty, but paradoxically has left us now with unprecedented inequality, global warming, and widespread dissatisfaction with the status quo. How did the long twentieth century fail to deliver the utopia our ancestors believed would be the inevitable result of such material wellbeing? How did humanity end up less on a march to progress than a slouch in the right direction? And what can we learn from the past in pursuit of a better world?

Concrete Economics

Author : Stephen S. Cohen
Publisher : Harvard Business Review Press
ISBN 13 : 1422189821
Total Pages : 238 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis Concrete Economics by : Stephen S. Cohen

Download or read book Concrete Economics written by Stephen S. Cohen and published by Harvard Business Review Press. This book was released on 2016-02-09 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: “an excellent new book” — Paul Krugman, The New York Times History, not ideology, holds the key to growth. Brilliantly written and argued, Concrete Economics shows how government has repeatedly reshaped the American economy ever since Alexander Hamilton’s first, foundational redesign. This book does not rehash the sturdy and long-accepted arguments that to thrive, entrepreneurial economies need a broad range of freedoms. Instead, Steve Cohen and Brad DeLong remedy our national amnesia about how our economy has actually grown and the role government has played in redesigning and reinvigorating it throughout our history. The government not only sets the ground rules for entrepreneurial activity but directs the surges of energy that mark a vibrant economy. This is as true for present-day Silicon Valley as it was for New England manufacturing at the dawn of the nineteenth century. The authors’ argument is not one based on abstract ideas, arcane discoveries, or complex correlations. Instead it is based on the facts—facts that were once well known but that have been obscured in a fog of ideology—of how the US economy benefited from a pragmatic government approach to succeed so brilliantly. Understanding how our economy has grown in the past provides a blueprint for how we might again redesign and reinvigorate it today, for such a redesign is sorely needed.

The Roman Market Economy

Author : Peter Temin
Publisher : Princeton University Press
ISBN 13 : 0691177945
Total Pages : 317 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Roman Market Economy by : Peter Temin

Download or read book The Roman Market Economy written by Peter Temin and published by Princeton University Press. This book was released on 2017-09-05 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: What modern economics can tell us about ancient Rome The quality of life for ordinary Roman citizens at the height of the Roman Empire probably was better than that of any other large group of people living before the Industrial Revolution. The Roman Market Economy uses the tools of modern economics to show how trade, markets, and the Pax Romana were critical to ancient Rome's prosperity. Peter Temin, one of the world's foremost economic historians, argues that markets dominated the Roman economy. He traces how the Pax Romana encouraged trade around the Mediterranean, and how Roman law promoted commerce and banking. Temin shows that a reasonably vibrant market for wheat extended throughout the empire, and suggests that the Antonine Plague may have been responsible for turning the stable prices of the early empire into the persistent inflation of the late. He vividly describes how various markets operated in Roman times, from commodities and slaves to the buying and selling of land. Applying modern methods for evaluating economic growth to data culled from historical sources, Temin argues that Roman Italy in the second century was as prosperous as the Dutch Republic in its golden age of the seventeenth century. The Roman Market Economy reveals how economics can help us understand how the Roman Empire could have ruled seventy million people and endured for centuries.

Economics and World History

Author : Paul Bairoch
Publisher : University of Chicago Press
ISBN 13 : 0226034631
Total Pages : 200 pages
Book Rating : 4.2/5 (26 download)

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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.

Gaining Ground

Author : Clifford Winston
Publisher : Brookings Institution Press
ISBN 13 : 0815739338
Total Pages : 308 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Gaining Ground by : Clifford Winston

Download or read book Gaining Ground written by Clifford Winston and published by Brookings Institution Press. This book was released on 2021-08-17 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on ways that markets work with, rather than against, governments to enhance public welfare. The optimal mix of market forces and government intervention to allocate resources is one of the longest-standing problems facing human civilization. At the theoretical extremes, resources in centrally planned economies are allocated by the government, while resources in capitalist economies are allocated by private markets. In practice, market forces and government interventions co-exist to allocate goods and services in a political environment with shifting pressures to give one approach more responsibility than the other. Current public attitudes toward markets are at a low point in the wake of the Great Recession and the growth in income inequality that began in the 1970s. However, in this book, noted Brookings economist Clifford Winston argues that it is a serious mistake to overlook that markets will be a critical part of the solution to any public objective—whether it be to reduce inequality, stimulate long-term growth, slow climate change, or eliminate COVID 19. In Winston's view, policymakers should be much more aware of the many ways that markets help government to achieve economic and social goals and the potential that markets have to provide greater assistance in achieving those goals. Winston synthesizes the empirical evidence on the efficacy of markets in helping to protect consumers against anti-competitive behavior and when technology appears to prevent price competition; to enable individuals to make more informed decisions; and to reduce negative externalities, improve public production, and encourage innovations. Importantly, Winston presents evidence indicating how markets can also help to reduce poverty, promote fairness in labor markets, and provide merit goods. Winston subjects his assessment to a robustness test by explaining how market forces have helped to address the COVID-19 pandemic by, for example, finding new ways for people to work safely and providing incentives for pharmaceutical companies to develop safe and effective vaccines. Winston takes a proactive approach in his conclusion by suggesting the formation of a major “Commission” composed of academics, policymakers, and businesspeople. Such a panel could explore how market forces could provide greater help to government to address economic and social problems and could provide specific recommendations to facilitate market solutions where appropriate.

An Extraordinary Time

Author : Marc Levinson
Publisher : Basic Books
ISBN 13 : 0465096565
Total Pages : 337 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis An Extraordinary Time by : Marc Levinson

Download or read book An Extraordinary Time written by Marc Levinson and published by Basic Books. This book was released on 2016-11-08 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decades after World War II were a golden age across much of the world. It was a time of economic miracles, an era when steady jobs were easy to find and families could see their living standards improving year after year. And then, around 1973, the good times vanished. The world economy slumped badly, then settled into the slow, erratic growth that had been the norm before the war. The result was an era of anxiety, uncertainty, and political extremism that we are still grappling with today. In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how the end of the postwar boom reverberated throughout the global economy, bringing energy shortages, financial crises, soaring unemployment, and a gnawing sense of insecurity. Politicians, suddenly unable to deliver the prosperity of years past, railed haplessly against currency speculators, oil sheikhs, and other forces they could not control. From Sweden to Southern California, citizens grew suspicious of their newly ineffective governments and rebelled against the high taxes needed to support social welfare programs enacted when coffers were flush. Almost everywhere, the pendulum swung to the right, bringing politicians like Margaret Thatcher and Ronald Reagan to power. But their promise that deregulation, privatization, lower tax rates, and smaller government would restore economic security and robust growth proved unfounded. Although the guiding hand of the state could no longer deliver the steady economic performance the public had come to expect, free-market policies were equally unable to do so. The golden age would not come back again. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time forces us to come to terms with how little control we actually have over the economy.

Change Everything

Author : Christian Felber
Publisher : Zed Books Ltd.
ISBN 13 : 1786997479
Total Pages : 279 pages
Book Rating : 4.7/5 (869 download)

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Book Synopsis Change Everything by : Christian Felber

Download or read book Change Everything written by Christian Felber and published by Zed Books Ltd.. This book was released on 2019-11-15 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is it possible for businesses to have a bottom line that is not profit and endless growth, but human dignity, justice, sustainability and democracy? Or an alternative economic model that is untainted by the greed and crises of current financial systems? Christian Felber says it is. Moreover, in Change Everything he shows us how. In this new and updated edition of the book that sparked a global movement, Christian Felber proposes a blueprint for an economics of everybody: ethical, dignified, sustainable and principled. He shows that The Economy for the Common Good is not just an idea, but has already become a broad international movement with thousands of people, companies, communities and organizations participating, developing and implementing it.

How the World Became Rich

Author : Mark Koyama
Publisher : John Wiley & Sons
ISBN 13 : 1509540245
Total Pages : 272 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis How the World Became Rich by : Mark Koyama

Download or read book How the World Became Rich written by Mark Koyama and published by John Wiley & Sons. This book was released on 2022-03-14 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich? Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may – or may not – develop.

Doing Capitalism in the Innovation Economy

Author : William H. Janeway
Publisher : Cambridge University Press
ISBN 13 : 1107031257
Total Pages : 345 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Doing Capitalism in the Innovation Economy by : William H. Janeway

Download or read book Doing Capitalism in the Innovation Economy written by William H. Janeway and published by Cambridge University Press. This book was released on 2012-10-08 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.

What Goes Up

Author : Eric J. Weiner
Publisher : Little, Brown
ISBN 13 : 0316030708
Total Pages : 540 pages
Book Rating : 4.3/5 (16 download)

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Book Synopsis What Goes Up by : Eric J. Weiner

Download or read book What Goes Up written by Eric J. Weiner and published by Little, Brown. This book was released on 2007-10-15 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ups and downs, the schemes and scams, the IPOs and hostile takeovers, the egos, the brilliance, the greed and the glory-this is the story of Wall Street, told by the men and women who made it happen. Once upon a time, Wall Street was just a footpath near the southern tip of Manhattan Island. Today it is the center of the financial world, the pivot point on which economies turn, companies rise and fall, and daring men and women go from rags to unbelievable riches, and sometimes back again. Along the way, Wall Street also has transformed itself and society, growing from an exclusive gentlemen's club to the place that millions of people now trust with their financial futures. Never has it been more important to understand how modern Wall Street truly works. And never before has the story of modern Wall Street been told by those who were there, personally, in their own words, uncensored, unfiltered, unbound. Now, in What Goes Up, acclaimed financial journalist Eric J. Weiner gives us the unvarnished, first-person truth in a riveting story based on hundreds of interviews with Wall Street insiders that captures the booms and busts of the past half century in America's financial capital in gripping detail. From Warren Buffett to Michael Milken, Sandy Weill to Henry Kravis, Peter Lynch to Alan Greenspan, from the birth of the mutual fund to the Internet bubble, from trading scandals to global meltdowns, from the rise of tycoons to the fall of giants. What Goes Up is a remarkable weaving together of larger-than-life characters and insider accounts. Eric J. Weiner has spoken to just about everybody-from CEOs to the barber in the basement of the stock exchange. For anyone who wants to understand how Wall Street became what it is, who wants to know how the biggest deals really happened, who wishes they had been a fly on the wall when it all went down, this is the book.

The Wealth of a Nation

Author : C. Donald Johnson
Publisher : Oxford University Press
ISBN 13 : 0190865911
Total Pages : 665 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis The Wealth of a Nation by : C. Donald Johnson

Download or read book The Wealth of a Nation written by C. Donald Johnson and published by Oxford University Press. This book was released on 2018 with total page 665 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is entering a period of profound uncertainty in the world political economy--an uncertainty which is threatening the liberal economic order that its own statesmen created at the end of the Second World War. The storm surrounding this threat has been ignited by an issue that has divided Americans since the nation's founding: international trade. Is America better off under a liberal trade regime, or would protectionism be more beneficial? The issue divided Alexander Hamilton from Thomas Jefferson, the agrarian south from the industrializing north, and progressives from robber barons in the Gilded Age. In our own times, it has pitted anti-globalization activists and manufacturing workers against both multinational firms and the bulk of the economics profession. Ambassador C. Donald Johnson's The Wealth of a Nation is an authoritative history of the politics of trade in America from the Revolution to the Trump era. Johnson begins by charting the rise and fall of the U.S. protectionist system from the time of Alexander Hamilton to the Smoot-Hawley Tariff of 1930. Challenges to protectionist dominance were frequent and often serious, but the protectionist regime only faded in the wake of the Great Depression. After World War II, America was the primary architect of the liberal rules-based economic order that has dominated the globe for over half a century. Recent years, however, have seen a swelling anti-free trade movement that casts the postwar liberal regime as anti-worker, pro-capital, and--in Donald Trump's view--even anti-American. In this riveting history, Johnson emphasizes the benefits of the postwar free trade regime, but focuses in particular on how it has attempted to advance workers' rights. This analysis of the evolution of American trade policy stresses the critical importance of the multilateral trading system's survival and defines the central political struggle between business and labor in measuring the wealth of a nation.