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The Essential Galbraith includes key selections from the most important works of John Kenneth Galbraith, one of the most distinguished writers of our time-from The Affluent Society, the groundbreaking book in which he coined the tern "conventional wisdom," to The Great Crash, an unsurpassed account of the events that triggered America's worst economic crisis. Galbraith's new introductions place the works in their historical moment and make clear their...
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Leviathan is back
The threat of statism has reemerged in force. The federal government has radically expanded its power-through bailouts, "stimulus" packages, a trillion-dollar health-care plan, "jobs bills," massive expansions of the money supply, and much more. But such interventionism did not suddenly materialize with the recent economic collapse. The dangerous trends of government growth, debt increases, encroachments on individual liberty,...
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"Excellent . . . I highly recommend this book." -RON PAUL
Why is the boom-and-bust cycle so persistent? Why did economists fail to predict the economic meltdown that began in 2007-or to pull us out of the crisis more quickly? And how can we prevent future calamities?
Mainstream economics has no adequate answers for these pressing questions. To understand how we got here, and how we can ensure prosperity, we must turn to an alternative to...
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How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today?To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked...
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¿Cuáles son las causas de la pobreza? ¿Son inevitables las crisis cíclicas en una economía de mercado? ¿Es beneficiosa la intervención del Estado en la economía o, por el contrario, es fuente de problemas? Aunque las respuestas a estas preguntas básicas nos conciernen a todos, el vocabulario económico puede ser un obstáculo para muchos. Breve historia de la Economía, escrito de forma amena y accesible, está pensado para todos aquellos...
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"[Following the financial crisis], some 95% of 2009-2012 income gains went to the wealthiest 1%"--The Wall Street Journal
You've heard about million-dollar football contracts. You scoff at CEOs making tens of millions per year. You know that Warren Buffett has made billion-dollar trades with companies like Apple. Yet, these stories only have one thing in common, and it relates to a word you think about every day: value.
Whether you earn a salary,...
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From the philosophical dialogues of Ancient Greece and the moral contemplations of Medieval Europe to deregulation and cryptocurrency, “The Economics Book” presents 250 milestones in the science of the production, sale, and purchase of goods and services. These concise, engaging, informative essays examine the full gamut of subjects, revealing both the entertaining stories and the world-changing developments in the field.
Shedding thoughtful...
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This critical study of the development of systematic economic ideas explores them in both historical and contemporary contexts.
Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today. As the Great Recession taught us in the first decade of the twenty-first century,...
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The term "capitalism" is generally applied to the system under which the instruments of production are the property of private owners, who usually employ managers and manual workers to carry out production by their means…
A word first of all to indicate clearly the point of view which characterizes the study. I shall not enter into the question of the formation of capital itself, that is, of the sum total of the goods employed by their possessor...
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Rowan Dorin is Assistant Professor of History at Stanford University.
A groundbreaking new history of the shared legacy of expulsion among Jews and Christian moneylenders in late medieval Europe
Beginning in the twelfth century, Jewish moneylenders increasingly found themselves in the crosshairs of European authorities, who denounced the evils of usury as they expelled Jews from their lands. Yet Jews were not alone in supplying coin and credit...
12) Bad News
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Where was the business press in the weeks and months leading up to the deepest financial crisis since the Great Depression? As our economy unraveled, journalists struggled to keep up with the story of the century, grappling with an alphabet soup of derivatives, backroom deals, and toxic financial instruments. But many fault the media itself for having helped to create the bubble in the first place. Did the press fail its mandate as an engine of truth...
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Until the 1950s, the struggle to feed, clothe, and employ the nation drove most of American political life. From slavery to the New Deal, political parties organized around economic interests and engaged in fervent debate over the best allocation of agonizingly scarce resources. But with the explosion of the nation's economy in the years after World War II, a new set of needs began to emerge-a search for meaning and self-expression on one side, and...
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The economist and historian Deirdre Nansen McCloskey has been best known recently for her Bourgeois Era trilogy, a vigorous defense, unrivaled in scope, of commercially tested betterment. Its massive volumes, The Bourgeois Virtues, Bourgeois Dignity, and Bourgeois Equality, solve Adam Smith's puzzle of the nature and causes of the wealth of nations, and of the moral sentiments of modernity. The world got rich, she argues, not chiefly by material causes...
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In this bold history and manifesto, a former White House director of economic policy exposes the economic, political, and cultural cracks that wealthy nations face and makes the case for transforming those same vulnerabilities into sources of strength-and the foundation of a national renewal.
America and other developed countries, including Germany, Japan, France, and Great Britain are in desperate straits. The loss of community, a contracting jobs...
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A study of the early years of the life insurance industry in 19th-century America.
Investing in Life considers the creation and expansion of the American life insurance industry from its early origins in the 1810s through the 1860s and examines how its growth paralleled and influenced the emergence of the middle class.
Using the economic instability of the period as her backdrop, Sharon Ann Murphy also analyzes changing roles for women; the attempts...
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ECONOMICS 101
In Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics (Regnery Publishing; April 13, 2015; $27.99) Tamny translates the so-called difficult and intimidating subject of economics into plain language, revealing that there is nothing mysterious about finance, commerce, and budgets. In fact, we are all microeconomists in our daily lives.
"Economics is easy, and its lessons are...
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In the United States at the height of the Cold War, roughly between the end of World War II and the early 1980s, a new project of redefining rationality commanded the attention of sharp minds, powerful politicians, wealthy foundations, and top military brass. Its home was the human sciences-psychology, sociology, political science, and economics, among others-and its participants enlisted in an intellectual campaign to figure out what rationality...
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This book is a summary of The oqual Cycle without an in-depth analysis.
Briefly, almost every nation today is teetering on the brink of a societal meltdown as it finds itself in the midst of a sociopolitical upheaval, the like of which has not hitherto been witnessed in our lifetime.
Yet, hardly anyone realizes that like a winter that returns every year, such a concerted turmoil across the globe is also periodic due to what I have dubbed the "oqual...
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