The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope

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Publisher : McGraw Hill Professional
ISBN 13 : 0071806784
Total Pages : 289 pages
Book Rating : 4.0/5 (718 download)

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Book Synopsis The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope by : John A. Allison

Download or read book The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope written by John A. Allison and published by McGraw Hill Professional. This book was released on 2012-09-21 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.

The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness

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Publisher : McGraw Hill Professional
ISBN 13 : 0071831126
Total Pages : 256 pages
Book Rating : 4.0/5 (718 download)

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Book Synopsis The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness by : John A. Allison

Download or read book The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness written by John A. Allison and published by McGraw Hill Professional. This book was released on 2014-11-14 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The highly anticipated follow up to The Financial Crisis and the Free Market Cure—the New York Times, Wall Street Journal, and Washington Post bestseller The Leadership Crisis and the Free Market Cure reveals the integrated principles he sees as critical to the success of any leader--all of which are modern day reflections of the American Founders' concept of life, liberty, and the pursuit of happiness. John Allison believes many of the problems in our economy are the direct result of leaders who have lost a sense of purpose in themselves and in their organization. Basing his conclusions on libertarian and Objectivist philosophy, Allison describes the values today's leaders must follow, which should guide decision making at the individual, corporate, and public policy level. He shares his real-world experience growing BB&T into the tenth largest financial services holding company in the U.S. John Allison is the author of The Financial Crisis and the Free Market Cure, CEO of the Cato Institute, and retired Chairman and CEO of BB&T Corporation.

Capitalism and Desire

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Publisher : Columbia University Press
ISBN 13 : 0231542216
Total Pages : 305 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Capitalism and Desire by : Todd McGowan

Download or read book Capitalism and Desire written by Todd McGowan and published by Columbia University Press. This book was released on 2016-09-20 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite creating vast inequalities and propping up reactionary world regimes, capitalism has many passionate defenders—but not because of what it withholds from some and gives to others. Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more. Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.

The Free Market and the Human Condition

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Publisher : Lexington Books
ISBN 13 : 0739194755
Total Pages : 167 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis The Free Market and the Human Condition by : Lee Trepanier

Download or read book The Free Market and the Human Condition written by Lee Trepanier and published by Lexington Books. This book was released on 2014-08-20 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Financial Crisis of 2008, there has been and continues to be a debate about the proper role of the free market in the United States and beyond. On one side there are those who defend the free market as a method to provide both wealth and democratic legitimacy; while on the other side are thinkers who reject the orthodoxy of the free market and call for a greater role of government in society to correct its failures. But what is needed in this debate is a return to the vantage point of the human condition to better understand both the free market and our role in it. The Free Market and the Human Condition explores what the human condition can reveal to us about the free market—its strengths, its limits, and its weaknesses—and, in turn, what the free market can illuminate about the essence of the human condition. Because the human condition is multifaceted, this book has adopted an interdisciplinary approach, drawing upon the disciplines of philosophy, theology, archeology, literature, sociology, political science, criminal justice, and education. Since it is impossible for one to know all aspects of the human condition, the book consists of contributors who approach the topic from their respective disciplines, thereby providing an accumulated picture of the free market and the human condition. Although it does not claim to provide a comprehensive account of the human condition as situated in the free market, The Free Market and the Human Condition transcends the current climate of debate about the free market and provides a way forward in our understanding about the role that free market plays in our society.

Political Economy

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 1440843260
Total Pages : 393 pages
Book Rating : 4.4/5 (48 download)

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Book Synopsis Political Economy by : Barry Clark

Download or read book Political Economy written by Barry Clark and published by Bloomsbury Publishing USA. This book was released on 2016-03-21 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This nontechnical book provides a comprehensive and interdisciplinary survey of political economy that can easily be understood by any reader with an introductory-level background in economics. As 21st-century political debate becomes polarized across ideological lines, students and citizens need to understand the underlying values on which contending arguments are based. The current political gridlock calls for a deeper appreciation of the competing perspectives in political economy. Now revamped for a third edition, Political Economy: A Comparative Approach supplies a truly interdisciplinary examination of the development and evolution of political economy from the Enlightenment onward, drawing material from the realms of political theory, sociology, philosophy, and history as well as from economics to present detailed comparisons of competing perspectives on a variety of current issues. The book begins with an introduction to political economy that provides readers with an overview of the historical development of the discipline, followed by in-depth analyses of four ideological perspectives in political economy—Classical Liberalism, Radicalism, Conservatism, and Modern Liberalism. The author then applies each of the four ideological perspectives to a range of contemporary issues, such as the role of government, economic instability, poverty, labor relations, discrimination, education, culture, the environment, and international trade. Readers will gain insight into the methods and practice of political economics as well as better understand the history of political/economic thought and the effects of historical processes—European industrialization, for example—on modern debates.

Freefall: America, Free Markets, and the Sinking of the World Economy

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Publisher : W. W. Norton & Company
ISBN 13 : 9780393077070
Total Pages : 320 pages
Book Rating : 4.0/5 (77 download)

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Book Synopsis Freefall: America, Free Markets, and the Sinking of the World Economy by : Joseph E. Stiglitz

Download or read book Freefall: America, Free Markets, and the Sinking of the World Economy written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2010-10-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: An incisive look at the global economic crisis, our flawed response, and the implications for the world’s future prosperity. The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences. The crisis has sparked an essential debate about America’s economic missteps, the soundness of this country’s economy, and even the appropriate shape of a capitalist system. Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. Winner of the 2001 Nobel Prize in Economics, Stiglitz is “an insanely great economist, in ways you can’t really appreciate unless you’re deep into the field” (Paul Krugman, New York Times). In Freefall, Stiglitz traces the origins of the Great Recession, eschewing easy answers and demolishing the contention that America needs more billion-dollar bailouts and free passes to those “too big to fail,” while also outlining the alternatives and revealing that even now there are choices ahead that can make a difference. The system is broken, and we can only fix it by examining the underlying theories that have led us into this new “bubble capitalism.” Ranging across a host of topics that bear on the crisis, Stiglitz argues convincingly for a restoration of the balance between government and markets. America as a nation faces huge challenges—in health care, energy, the environment, education, and manufacturing—and Stiglitz penetratingly addresses each in light of the newly emerging global economic order. An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. The battle may finally give the lie to theories of a “rational” market or to the view that America’s global economic dominance is inevitable and unassailable. For anyone watching with indignation while a reckless Wall Street destroyed homes, educations, and jobs; while the government took half-steps hoping for a “just-enough” recovery; and while bankers fell all over themselves claiming not to have seen what was coming, then sought government bailouts while resisting regulation that would make future crises less likely, Freefall offers a clear accounting of why so many Americans feel disillusioned today and how we can realize a prosperous economy and a moral society for the future.

Resilient Liberalism in Europe's Political Economy

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Publisher : Cambridge University Press
ISBN 13 : 1107041538
Total Pages : 473 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Resilient Liberalism in Europe's Political Economy by : Vivien A. Schmidt

Download or read book Resilient Liberalism in Europe's Political Economy written by Vivien A. Schmidt and published by Cambridge University Press. This book was released on 2013-08-29 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why neoliberal economic ideas have not just survived, but thrived since the 1980s - taking Europe from boom to bust.

The Little Book of Economics

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Publisher : John Wiley & Sons
ISBN 13 : 1118391578
Total Pages : 297 pages
Book Rating : 4.1/5 (183 download)

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Book Synopsis The Little Book of Economics by : Greg Ip

Download or read book The Little Book of Economics written by Greg Ip and published by John Wiley & Sons. This book was released on 2013-01-14 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening

The Future of Capitalism

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Publisher : HarperCollins
ISBN 13 : 0062748661
Total Pages : 369 pages
Book Rating : 4.0/5 (627 download)

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Book Synopsis The Future of Capitalism by : Paul Collier

Download or read book The Future of Capitalism written by Paul Collier and published by HarperCollins. This book was released on 2018-12-04 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong

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Author :
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527522962
Total Pages : 197 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong by : Paul Mueller

Download or read book Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong written by Paul Mueller and published by Cambridge Scholars Publishing. This book was released on 2018-12-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of what has been heard, read, or taught about the 2008 financial crisis is incorrect. It was not caused by free market capitalism run amok. The crisis was not created by deregulatory zeal. It wasn’t primarily due to greed on Wall Street. The crisis was not simply created by people’s “irrational exuberance” or “animal spirits.” Perhaps most importantly, it did not require bailouts and thousands of pages of new regulations to fix. Instead, it came about because of significant market distortions created by government subsidies, misregulation, and perverse incentives. The conventional wisdom blames unbridled markets for mortgage fraud, imprudent risks, and extreme leverage in financial institutions. Policy makers told us that the failure of Lehman Brothers, and the near failure of American International Group and many large banks, would have resulted in catastrophic decline and perhaps another Great Depression. After the crisis, thousands of pages of new regulations were written to limit the types of risk banks can take and the kinds of investments they can make so that a financial crisis of this magnitude can’t happen again. But what if this conventional wisdom was wrong? If the problem wasn’t unregulated, unrestrained markets leading to fraud and excessive risk-taking, if instead it was perverted incentives and distorted market signals due to numerous regulations and mandates in the first place, then the thousands of new pages of regulations haven’t solved the fundamental problem. In fact, they have made it worse. This book shows that it is time to reassess the conventional wisdom. Perhaps there is still time to reverse the faulty solutions based upon it before another financial crisis breaks out.

The Financial Crisis Inquiry Report, Authorized Edition

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Author :
Publisher : Public Affairs
ISBN 13 : 1610390415
Total Pages : 578 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis The Financial Crisis Inquiry Report, Authorized Edition by : United States. Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report, Authorized Edition written by United States. Financial Crisis Inquiry Commission and published by Public Affairs. This book was released on 2011-01-27 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability.

Monetary Equilibrium and Nominal Income Targeting

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Publisher : Routledge
ISBN 13 : 1315444585
Total Pages : 183 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Monetary Equilibrium and Nominal Income Targeting by : Nicolás Cachanosky

Download or read book Monetary Equilibrium and Nominal Income Targeting written by Nicolás Cachanosky and published by Routledge. This book was released on 2018-06-27 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the case of nominal income targeting as a monetary policy rule. In recent years the most well-known nominal income targeting rule has been NGDP (level) Targeting, associated with a group of economists referred to as market monetarists (Scott Sumner, David Beckworth, and Lars Christensen among others). Nominal income targeting, though not new in monetary theory, was relegated in economic theory following the Keynesian revolution, up until the financial crisis of 2008, when it began to receive renewed attention. This book fills a gap in the literature available to researchers, academics, and policy makers on the benefits of nominal income targeting against alternative monetary rules. It starts with the theoretical foundations of monetary equilibrium. With this foundation laid, it then deals with nominal income targeting as a monetary policy rule. What are the differences between NGDP Targeting and Hayek’s rule? How do these rules stand up against other monetary rules like inflation targeting, the Taylor rule, or Friedman’s k-percent? Nominal income targeting is a rule which is better equipped to avoid monetary disequilibrium when there is no inflation. Therefore, a book that explores the theoretical foundation of nominal income targeting, comparing it with other monetary rules, using the 2008 crisis to assess it and laying out monetary policy reforms towards a nominal income targeting rule will be timely and of interest to both academics and policy makers.

Towards a Cultural Political Economy

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Publisher : Edward Elgar Publishing
ISBN 13 : 0857930710
Total Pages : 588 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Towards a Cultural Political Economy by : Ngai-Ling Sum

Download or read book Towards a Cultural Political Economy written by Ngai-Ling Sum and published by Edward Elgar Publishing. This book was released on 2013-11-29 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical s

Ending Big Government

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Publisher : Hillcrest Publishing Group
ISBN 13 : 1634138503
Total Pages : 379 pages
Book Rating : 4.6/5 (341 download)

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Book Synopsis Ending Big Government by : Michael Dahlen

Download or read book Ending Big Government written by Michael Dahlen and published by Hillcrest Publishing Group. This book was released on 2016-02 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statism denotes any system of big government, a government that gains power at the expense of individual freedom, a government that uses its power to redistribute wealth and regulate the economy. Laissez-faire capitalism, by contrast, is the system of limited government, the system of economic and political freedom. It is a system that has created more wealth and lifted more people out of poverty than any other system. Yet it is relentlessly demonized. We are told that the free market is impractical--prone to crises, depressions, and coercive monopolies. Michael Dahlen dispels these and many other myths. He shows that a laissez-faire capitalist system is not only practical; he shows that it is moral, as it is the only system that recognizes each individual's inalienable right to his own life. A provocative weave of history, philosophy, and political economy, Ending Big Government: The Essential Case for Capitalism and Freedom, shows that capitalism is incontestably superior to statism.

Politics without Stories

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Publisher : Cambridge University Press
ISBN 13 : 1316764435
Total Pages : 263 pages
Book Rating : 4.3/5 (167 download)

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Book Synopsis Politics without Stories by : David Ricci

Download or read book Politics without Stories written by David Ricci and published by Cambridge University Press. This book was released on 2016-08-19 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberal candidates, scholars, and activists mainly promote pragmatism rather than large and powerful narratives - which may be called 'alpha stories' for their commanding presence over time. Alternatively, conservative counterparts to such liberals tend to promote their policy preferences in alpha stories praising effective markets, excellent traditions, and limited government. In this face-off, liberals represent a post-Enlightenment world where many modern people, following Max Weber, are 'disenchanted', while many conservatives, echoing Edmund Burke, cherish stories borrowed from the past. Politics without Stories describes this storytelling gap as an electoral disadvantage for liberals because their campaigning lacks, and will continue to lack, the inspiration and shared commitments that great, long-term stories can provide. Therefore, Ricci argues that, for tactical purposes, liberals should concede their post-Enlightenment skepticism and rally around short-term stories designed to frame, in political campaigns, immediate situations which they regard as intolerable. These may help liberals win elections and influence the course of modern life.

The End of the Free Market

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Author :
Publisher : Penguin
ISBN 13 : 1101429453
Total Pages : 200 pages
Book Rating : 4.1/5 (14 download)

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Book Synopsis The End of the Free Market by : Ian Bremmer

Download or read book The End of the Free Market written by Ian Bremmer and published by Penguin. This book was released on 2010-05-13 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the rise of state capitalism and its threat to global free markets The End of the Free Market details the growing phenomenon of state capitalism, a system in which governments drive local economies through ownership of market-dominant companies and large pools of excess capital, using them for political gain. This trend threatens America's competitive edge and the conduct of free markets everywhere. An expert on the intersection of economics and politics, Ian Bremmer has followed the rise of state-owned firms in China, Russia, the Arab states of the Persian Gulf, Iran, Venezuela, and elsewhere. He demonstrates the growing challenge that state capitalism will pose for the entire global economy. Among the questions addressed: Are we on the brink of a new kind of Cold War, one that pits competing economic systems in a battle for dominance? Can free market countries compete with state capitalist powerhouses over relations with countries that have elements of both systems-like India, Brazil, and Mexico? Does state capitalism have staying power? This guide to the next big global economic trend includes useful insights for investors, business leaders, policymakers, and anyone who wants to understand important emerging changes in international politics and the global economy.

Welfare for the Rich

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Publisher : Post Hill Press
ISBN 13 : 1642934151
Total Pages : 256 pages
Book Rating : 4.6/5 (429 download)

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Book Synopsis Welfare for the Rich by : Phil Harvey

Download or read book Welfare for the Rich written by Phil Harvey and published by Post Hill Press. This book was released on 2020-08-04 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welfare for the Rich is the first book to describe and analyze the many ways that federal and state governments provide handouts—subsidies, grants, tax credits, loan guarantees, price supports, and many other payouts—to millionaires, billionaires, and the companies they own and run. Many journalists, scholars, and activists have focused on one or more of these dysfunctional programs. A few of the most egregious examples have even become famous. But Welfare for the Rich is the first attempt to paint a comprehensive, easily accessible picture of a system largely designed by the richest Americans—through lobbyists, lawyers, political action committees, special interest groups, and other powerful influencers—with the specific goal of making sure the government keeps wealth and power flowing from the many to the few.