Author : Scott B. Sumner
Publisher : Unknown
Page : 128 pages
File Size : 53,6 Mb
Release : 2014
Category : Depressions
ISBN : 1598131516
The Midas Paradox
Scott B. Sumner
The Midas Paradox
The Midas Paradox Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The Midas Paradox book. This book definitely worth reading, it is an incredibly well-written.
The Midas Paradox
Scott B Sumner
Author : Scott B Sumner
Publisher : Independent Institute
Page : 460 pages
File Size : 48,9 Mb
Release : 2015-12-01
Category : Business & Economics
ISBN : 9781598131529
The Midas Paradox by Scott B Sumner Pdf
Economic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus—the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking—by central bankers, legislators, and two presidents—especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox is a landmark treatise that solves mysteries that have long perplexed economic historians, and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's A Monetary History of the United States, 1867–1960, it is one of those rare books destined to shape all future research on the subject.
The Midas Paradox
Scott B. Sumner
Author : Scott B. Sumner
Publisher : Unknown
Page : 0 pages
File Size : 44,9 Mb
Release : 2015
Category : Business & Economics
ISBN : 1598131508
The Midas Paradox by Scott B. Sumner Pdf
Economic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus--the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking--by central bankers, legislators, and two presidents--especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox is a landmark treatise that solves mysteries that have long perplexed economic historians, and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's A Monetary History of the United States, 1867-1960, it is one of those rare books destined to shape all future research on the subject.
The Money Illusion
Scott Sumner
Author : Scott Sumner
Publisher : University of Chicago Press
Page : 415 pages
File Size : 41,8 Mb
Release : 2023-05-06
Category : Business & Economics
ISBN : 9780226826561
The Money Illusion by Scott Sumner Pdf
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
A Tract on Monetary Reform
John Maynard Keynes
Author : John Maynard Keynes
Publisher : DigiCat
Page : 108 pages
File Size : 54,7 Mb
Release : 2023-11-20
Category : Fiction
ISBN : EAN:8596547728153
A Tract on Monetary Reform by John Maynard Keynes Pdf
"A Tract on Monetary Reform" by John Maynard Keynes. Published by DigiCat. DigiCat publishes a wide range of titles that encompasses every genre. From well-known classics & literary fiction and non-fiction to forgotten−or yet undiscovered gems−of world literature, we issue the books that need to be read. Each DigiCat edition has been meticulously edited and formatted to boost readability for all e-readers and devices. Our goal is to produce eBooks that are user-friendly and accessible to everyone in a high-quality digital format.
The Paradox of Plenty
Terry Lynn Karl
Author : Terry Lynn Karl
Publisher : Univ of California Press
Page : 362 pages
File Size : 52,8 Mb
Release : 1997-10-10
Category : Social Science
ISBN : 9780520207721
The Paradox of Plenty by Terry Lynn Karl Pdf
In these countries, dependence on petroleum leads to disproportionate fiscal reliance on petrodollars and public spending, at the expense of statecraft.
American Default
Sebastian Edwards
Author : Sebastian Edwards
Publisher : Princeton University Press
Page : 288 pages
File Size : 40,7 Mb
Release : 2019-09-10
Category : Business & Economics
ISBN : 9780691196046
American Default by Sebastian Edwards Pdf
The untold story of how FDR did the unthinkable to save the American economy.
Shut Out
Kevin Erdmann
Author : Kevin Erdmann
Publisher : Rowman & Littlefield
Page : 322 pages
File Size : 50,5 Mb
Release : 2019-01-21
Category : Political Science
ISBN : 9781538122150
Shut Out by Kevin Erdmann Pdf
The United States suffers from a shortage of well-placed homes. This was true even at the peak of the housing boom in 2005. Using a broad array of evidence on housing inflation, income, migration, homeownership trends, and international comparisons, Shut Out demonstrates that high home prices have been largely caused by the constrained housing supply in a handful of magnet cities leading the new economy. The same phenomenon is occurring in leading countries across the globe. Gentrifying cities have become exclusionary bastions in the new postindustrial economy. The US housing bubble that peaked in 2005 is more accurately described as a refugee crisis than a credit bubble. Surging demand for limited urban housing triggered a spike of migration away from the magnet cities among households with moderate and lower incomes who could no longer afford to remain, causing a brief contagion of high prices in the cities where the migrants moved. In this book, author Kevin Erdmann observes that the housing bubble has been broadly and incorrectly attributed to various “excesses.” Policymakers and economists concluded that our key challenge was that we had built too many homes. This misdiagnosis of the problem, according to Erdmann, led to misguided public polices, which were the primary cause of the subsequent financial crisis. A sort of moral panic about supposed excesses in home lending and construction led to destabilizing monetary and regulatory decisions. As the economy slumped, a sense of fatalism prevented the government from responding appropriately to the worsening situation. Shut Out provides a much-needed correction to the causes and consequences of financial crises and secular stagnation.
The Mother of the Gods, Athens, and the Tyranny of Asia
Mark H. Munn
Author : Mark H. Munn
Publisher : Univ of California Press
Page : 478 pages
File Size : 41,6 Mb
Release : 2006-07-11
Category : Religion
ISBN : 9780520243491
The Mother of the Gods, Athens, and the Tyranny of Asia by Mark H. Munn Pdf
Among maternal deities of the Greek pantheon, the Mother of the Gods was a paradox. Conflict and resolution were played out symbolically, Munn shows, and the goddess of Lydian tyranny was eventually accepted by the Athenians as the Mother of the Gods and a symbol of their own sovereignty.
Capitalism and Inequality
G.P. Manish,Stephen C. Miller
Author : G.P. Manish,Stephen C. Miller
Publisher : Routledge
Page : 245 pages
File Size : 49,8 Mb
Release : 2020-12-29
Category : Business & Economics
ISBN : 9781000283884
Capitalism and Inequality by G.P. Manish,Stephen C. Miller Pdf
Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a failure of market institutions. Bringing together new and original research from established scholars, it analyzes the inequality inherent in a free market from an economic and historical perspective. In the process, the question of whether the recent increase in inequality is the result of crony capitalism and government intervention is explored in depth. The book features sections on theoretical perspectives on inequality, the political economy of inequality, and the measurement of inequality. Chapters explore several key questions such as the difference between the effects of market-driven inequality and the inequality caused by government intervention; how the inequality created by regulation affects those who are less well-off; and whether the economic growth that accompanies market-driven inequality always benefits an elite minority while leaving the vast majority behind. The main policy conclusions that emerge from this analysis depart from those that are currently popular. The authors in this book argue that increasing the role of markets and reducing the extent of regulation is the best way to lower inequality while ensuring greater material well-being for all sections of society. This key text makes an invaluable contribution to the literature on inequality and markets and is essential reading for students, scholars, and policymakers.
Nineteenth-Century Literary Realism
Katherine Kearns
Author : Katherine Kearns
Publisher : Cambridge University Press
Page : 326 pages
File Size : 51,5 Mb
Release : 1996-01-26
Category : Language Arts & Disciplines
ISBN : 0521496063
Nineteenth-Century Literary Realism by Katherine Kearns Pdf
A challenging rethinking of traditional theories, and redefinition of the genre, of realism.
On Corruption in America
Sarah Chayes
Author : Sarah Chayes
Publisher : Vintage
Page : 432 pages
File Size : 42,8 Mb
Release : 2020-08-11
Category : Political Science
ISBN : 9780525654865
On Corruption in America by Sarah Chayes Pdf
From the prizewinning journalist and internationally recognized expert on corruption in government networks throughout the world comes a major work that looks homeward to America, exploring the insidious, dangerous networks of corruption of our past, present, and precarious future. “If you want to save America, this might just be the most important book to read now." —Nancy MacLean, author of Democracy in Chains Sarah Chayes writes in her new book, that the United States is showing signs similar to some of the most corrupt countries in the world. Corruption, she argues, is an operating system of sophisticated networks in which government officials, key private-sector interests, and out-and-out criminals interweave. Their main objective: not to serve the public but to maximize returns for network members. In this unflinching exploration of corruption in America, Chayes exposes how corruption has thrived within our borders, from the titans of America's Gilded Age (Andrew Carnegie, John D. Rockefeller, J. P. Morgan, et al.) to the collapse of the stock market in 1929, the Great Depression, and FDR's New Deal; from Joe Kennedy's years of banking, bootlegging, machine politics, and pursuit of infinite wealth to the deregulation of the Reagan Revolution--undermining this nation's proud middle class and union members. She then brings us up to the present as she shines a light on the Clinton policies of political favors and personal enrichment and documents Trump's hydra-headed network of corruption, which aimed to systematically undo the Constitution and our laws. Ultimately and most importantly, Chayes reveals how corrupt systems are organized, how they enable bad actors to bend the rules so their crimes are covered legally, how they overtly determine the shape of our government, and how they affect all levels of society, especially when the corruption is overlooked and downplayed by the rich and well-educated.
What on Earth Can Go Wrong
Richard Fenning
Author : Richard Fenning
Publisher : Eye Books (US&CA)
Page : 199 pages
File Size : 44,7 Mb
Release : 2021-02-01
Category : Business & Economics
ISBN : 9781785632457
What on Earth Can Go Wrong by Richard Fenning Pdf
Richard Fenning has spent three decades advising multinational companies on volatile geopolitics and severe security crises. He was CEO of the British firm Control Risks for 14 years. His career coincided with the glory years of globalization, the rise of China, the tumult of the Middle East wars, a new vicious form of terrorism, the transforming impact of digital technology, and America's retreat from leadership. Offering him a rare insight into what happens when people and organizations come under enormous stress, it dispelled any illusions that the world is ordered, predictable, or fair. But amid the chaos and upheaval, he also found humanity and humor. In a whirlwind tour that takes us from the battlefields of Iraq to the back streets of Bogotà, from the steamy Niger delta to the chill of Putin's Moscow, he looks back with wit and insight on the people and places he has got to know, while also offering some timely thoughts about the relationship between risk and danger in a terrifyingly changeable world.
The Skyscraper Curse
Mark Thornton
Author : Mark Thornton
Publisher : Ludwig von Mises Institute
Page : 275 pages
File Size : 48,9 Mb
Release : 2018-08-01
Category : Business & Economics
ISBN : 9781610166881
The Skyscraper Curse by Mark Thornton Pdf
The Skyscraper Curse is Dr. Mark Thornton's definitive work on booms and busts, and it explains why only Austrian economists really understand them. It makes business cycle theory accessible to a whole new 21st-century audience. And they need it, especially those under 40. Many of the brilliant quants working on Wall Street and at the Fed barely remember the Crash of 2008, much less understand it. But Mark Thornton does, and his book is a warning about overheated equity markets, over-inflated housing prices, and clueless central bankers. Given the shaky stock markets lately, 2018 may be the year the Fed’s latest bubble bursts. And when it does, it will be even more painful than 10 years ago. In fact, US household and business debt is now one trillion dollars higher than 2008. Mark is well known as an expert on bubbles and Fed malfeasance. His work appears in outlets like Wall Street Journal, Bloomberg, Forbes, The Economist, Barron’s, and Investor’s Business Daily. His now-infamous Skyscraper Index theory draws the connection between loose monetary policy, artificially low interest rates, and vanity construction projects. Put the three together and it doesn’t turn out well. And let’s not forget that Dr. Thornton was among only a handful of economists to warn about the dangerous housing bubble in 2004, and again in 2006. Cabbies and waiters bought up condos with no money down in places like Las Vegas. Prices rose 25 percent or more every year in some coastal markets. Even people with terrible credit financed houses at five or seven times their annual income. All of it was made possible by the Fed and its mania for low interest rates. So when the experts said “Nobody could have seen this coming,” the Mises Institute had Mark’s articles and papers ready to go. The housing crash, and the meltdown in equity markets less than a year later, were thoroughly explained by Austrian business cycle theory. And Mark was the capable face of the Mises Institute during it all. Without a lay-friendly book like The Skyscraper Curse, millions more Americans will be duped by the next crash. Dr. Thornton’s book tells the story that needs to be told. It will be among the only alternative explanations available when the next crisis comes.
Liberty in Peril
Randall G. Holcombe
Author : Randall G. Holcombe
Publisher : Independent Institute
Page : 312 pages
File Size : 54,6 Mb
Release : 2019-09-01
Category : History
ISBN : 9781598133349
Liberty in Peril by Randall G. Holcombe Pdf
When the United States was born in the revolutionary acts of 1776, Americans viewed the role of government as the protector of their individual rights. Thus, the fundamental principle underlying the new American government was liberty. Over time, the ideology of political "democracy"—the idea that the role of government is to carry out the "will of the people," as revealed through majority rule—has displaced the ethics of liberty. This displacement has eroded individual rights systematically and that history is examined in Liberty in Peril by Randall Holcombe in language accessible to anyone. The Founders intended to design a government that would preclude tyranny and protect those individual rights, and the Bill of Rights was a clear statement of those rights. They well understood that the most serious threat to human rights and liberty is government. So, the Constitution clearly outlined a limited scope for government and set forth a form of governance that would preserve individual rights. The federal government's activities during two world wars and the Great Depression greatly increased government's involvement in people's lives. By the time of Lyndon Johnson's "Great Society," the depletion of rights and the growth of the activities of political democracy was complete. By the end of the 20th Century the fundamental principle underlying the U.S. government was now political power and not liberty. Public policy was oriented toward fulfilling the majority rule with the subsequent increase in government power and scope. Holcombe argues that economic and political systems are not separate entities but are intimately intertwined. The result is a set of tensions between democracy, liberty, a market economy, and the institutions of a free society. All those interested in the evolution of American government, including historians, political scientists, economists, and legal experts, will find this book compelling and informative.