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In clear, easy-to-understand language, The Misunderstood Economy explains how economic and social progress is and should be measured, confronting widespread misconceptions about debt and deficit, government spending and taxes, unemployment and inflation, foreign investment, and foreign trade.
The Misunderstood Economy by Harvard Business Review Staff Pdf
In clear, easy-to-understand language, The Misunderstood Economy explains how economic & social progress is & should be measured, confronting widespread misconception about debt & deficit, government spending & taxes, unemployment & inflation, foreign investment, & foreign trade. Eisner argues that government accounting is fundamentally flawed since it fails to distinguish between current & capital expenditures, as every business firm does. Not only is the deficit-when properly measured-not as large we think, but government spending is in fact not high enough. Indeed, Eisner claims that we are starving this essential public investment, which will advance our productivity now & in the next century.
Oldness: a social construct at odds with reality that constrains how we live after middle age and stifles business thinking on how to best serve a group of consumers, workers, and innovators that is growing larger and wealthier with every passing day. Over the past two decades, Joseph F. Coughlin has been busting myths about aging with groundbreaking multidisciplinary research into what older people actually want -- not what conventional wisdom suggests they need. In The Longevity Economy, Coughlin provides the framing and insight business leaders need to serve the growing older market: a vast, diverse group of consumers representing every possible level of health and wealth, worth about $8 trillion in the United States alone and climbing. Coughlin provides deep insight into a population that consistently defies expectations: people who, through their continued personal and professional ambition, desire for experience, and quest for self-actualization, are building a striking, unheralded vision of longer life that very few in business fully understand. His focus on women -- they outnumber men, control household spending and finances, and are leading the charge toward tomorrow's creative new narrative of later life -- is especially illuminating. Coughlin pinpoints the gap between myth and reality and then shows businesses how to bridge it. As the demographics of global aging transform and accelerate, it is now critical to build a new understanding of the shifting physiological, cognitive, social, family, and psychological realities of the longevity economy.
In this revelatory book, Sudhir Venkatesh takes us into Maquis Park, a poor black neighborhood on Chicago's Southside, to explore the desperate and remarkable ways in which a community survives. The result is a dramatic narrative of individuals at work, and a rich portrait of a community. But while excavating the efforts of men and women to generate a basic livelihood for themselves and their families, Off the Books offers a devastating critique of the entrenched poverty that we so often ignore in America, and reveals how the underground economy is an inevitable response to the ghetto's appalling isolation from the rest of the country.
In retelling the story of the Radical Alexander Hamilton, Parenti rewrites the history early America and global economic history writ large. For much of the twentieth century, Hamilton - sometimes seen as the bad boy of the founding fathers or portrayed as the patron saint of bankers- was out of fashion. In contrast his rival Thomas Jefferson, the patrician democrat and slave owner who feared government overreach, was claimed by all. But more recently, Hamilton has become a subject of serious interest again. He was a contradictory mix: a tough soldier, austere workaholic, exacting bureaucrat, yet also a sexual libertine, and a glory-obsessed romantic with suicidal tendencies. As Parenti argues, we have yet to fully appreciate Hamilton as the primary architect of American capitalism and the developmental state. In exploring his life and work, Parenti rediscovers this gadfly as a path breaking political thinker and institution builder. In this vivid historical portrait, Hamilton emerges as a singularly important historical figure: a thinker and politico who laid the foundation for America's ascent to global supremacy - for better or worse.
Economics, Politics, and American Public Policy by James J. Gosling,Marc Allen Eisner Pdf
This text introduces students to the interrelationship of politics and economics in American public policymaking: how economic concerns have been legislated into law since Franklin Roosevelt's time, and how politics affects the economy and the making of public policy. Topics covered include: How to measure various indicators of economic performance How the U.S. economy works (domestically and internationally) How and why policymakers act to stabilize an economy in an economic downturn. The book also covers major social insurance programs and the current fiscal issues concerning current and future costs. The book concludes with a full chapter case study on the Obama administration's response to the Great Recession and its dealings with Congress, including the implementation of the Affordable Care Act.
Managing Economic Development in Asia by Kuotsai Liou Pdf
From 1965 to 1990, the 23 East Asian economies grew faster than all other regions of the world. The high-performing economies of Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia experienced low and declining levels of income inequality as well. The June 1997 financial crisis has challenged these economies. Many of the high-performing economies have experienced serious problems, including falls in currency and equity markets, significant slowdowns in international trade, and setbacks in economic growth. Emphasizing the role of government and the importance of managing development, this book provides an overview of the major impact of the financial crisis on selected Asian countries and of the development policies implemented. Examining the experience of managing economic development, the book includes contributed chapters on China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Taiwan, Thailand, Singapore, and Southeast Asia. It will be a useful resource for scholars, students, and those researching Asian economic development.
Cheap suit. Cheap date. Cheap shot. It's a dirty word, an epithet laden with negative meanings. It is also the story of Lauren Weber's life. As a child, she resented her father for keeping the heat at 50 degrees through the frigid New England winters and rarely using his car's turn signals-to keep them from burning out. But as an adult, when she found herself walking 30 blocks to save $2 on subway fare, she realized she had turned into him. In this lively treatise on the virtues of being cheap, Weber explores provocative questions about Americans' conflicted relationship with consumption and frugality. Why do we ridicule people who save money? Where's the boundary between thrift and miserliness? Is thrift a virtue or a vice during a recession? And was it common sense or obsessive-compulsive disorder that made her father ration the family's toilet paper? In answering these questions, In Cheap We Trust offers a colorful ride through the history of frugality in the United States. Readers will learn the stories behind Ben Franklin and his famous maxims, Hetty Green (named "the world's greatest miser" by the Guinness Book of Records) and the stereotyping of Jewish and Chinese immigrants as cheap. Weber also explores contemporary expressions and dilemmas of thrift. From Dumpster-diving to economist John Maynard Keynes's "Paradox of Thrift" to today's recession-driven enthusiasm for frugal living, In Cheap We Trust teases out the meanings of cheapness and examines the wisdom and pleasures of not spending every last penny.
The misunderstood crisis by Maarten van Mourik Pdf
"Bank collapses, the sub-prime crisis and state debts running out of control – since 2008, experts and politicians have defined the economic crisis as a derailment of the financial system. Governments, without hesitation, instituted emergency bank bailouts and numerous other measures to revive the ailing economy. Five years on, the recovery is, at best, faltering and, at worst, illusory. In this timely and thought-provoking book, Dutch oil industry experts Maarten van Mourik and Oskar Slingerland argue that the crisis has been falsely diagnosed. They make a compelling case that energy, rather than the financial system, lies at its root. In 2006, by analysing industry data, they correctly predicted steep oil price rises and the economic shock that would follow. Using the same data, they now argue that the era of cheap oil is over, and with it our prospects for long-term growth. The situation should trigger a radical change of our economic and production models, yet western governments have failed to grasp the challenge. If nothing changes, the book argues, we will be heading further into deep trouble. ".
Inequality and Economic Policies: Just Tax the Rich? by Vincent Lannoye Pdf
Persistent inequality and recurrent job insecurity The working class is right to complain. Since the 1970s, a significant number of workers has been stuck in low-wage jobs. Despite economic booms, such as the Reaganomics in the 1980s, the dotcom boom in the 1990s, and the housing boom of the 2000s, these workers have not benefited from real wage increases. Instead, they have faced unemployment and economic crises, causing fear and uncertainty as during the economic crises of 1974, 1982, 1991, 2001, 2008 and 2020. In addition, unaffordable housing has made it difficult for workers to move to cities with job opportunities, while healthcare costs are a burden for many, and college costs continue to rise, leaving graduates in debt for years. Meanwhile, the wealth and wage gaps between the rich and poor are widening, which results in rising social discontent. No solution in sight? The issue of inequality has persisted for decades, and there appears to be no unanimous solution in sight for the future. Worse, the rise of robotics and Artificial Intelligence could exacerbate the issue, as much as the costs associated with transitioning to green energy, which all could disproportionately affect low-income households. This book aims to address fundamental questions surrounding the issue of inequality. It will explore potential solutions, as well as debunk naive proposals for the government to realistically address the issue. Despite the complex nature of the issue, it is essential to lay the foundations for finding a viable solution.
How We Misunderstand Economics and Why it Matters by David Leiser,Yhonatan Shemesh Pdf
This is the first book to explain why people misunderstand economics. From the cognitive shortcuts we use to make sense of complex information, to the metaphors we rely on and their effect on our thinking, this important book lays bare not only the psychological traits that distort our ability to understand such a vital topic, but also what this means for policy makers and civil society more widely. Accessibly written, the book explores the mismatch between the complexities of economics and the constraints of human cognition that lie at the root of our misconceptions. The authors document and explain the gamut of cognitive strategies laypeople employ as they grapple with such complex topics as inflation, unemployment, economic crises, finance, and money in the modern economy. The book examines sources of misconceptions ranging from the intentionality fallacy, whereby economic phenomena are assumed to have been caused deliberately rather than to have come about by an interplay of many agents and causal factors, to the role of ideology in framing economic thinking. Exposing the underlying biases and assumptions that undermine financial and economic literacy, and concluding with recommendations for how policies and ideas should be framed to enable a clearer understanding, this will be essential reading not only for students and researchers across psychology and economics, but also anyone interested in progressive public policy. Visit the associated website for the book here: http://www.misunderstandeconomics.com/
James Carville famously reminded Bill Clinton throughout 1992 that "it's the economy, stupid." Yet, for the last forty years, historians of modern America have ignored the economy to focus on cultural, social, and political themes, from the birth of modern feminism to the fall of the Berlin Wall. Now a scholar has stepped forward to place the economy back in its rightful place, at the center of his historical narrative. In More, Robert M. Collins reexamines the history of the United States from Franklin Delano Roosevelt to Bill Clinton, focusing on the federal government's determined pursuit of economic growth. After tracing the emergence of growth as a priority during FDR's presidency, Collins explores the record of successive administrations, highlighting both their success in fostering growth and its partisan uses. Collins reveals that the obsession with growth appears not only as a matter of policy, but as an expression of Cold War ideology--both a means to pay for the arms build-up and proof of the superiority of the United States' market economy. But under Johnson, this enthusiasm sparked a crisis: spending on Vietnam unleashed runaway inflation, while the nation struggled with the moral consequences of its prosperity, reflected in books such as John Kenneth Galbraith's The Affluent Society and Rachel Carson's Silent Spring. More continues up to the end of the 1990s, as Collins explains the real impact of Reagan's policies and astutely assesses Clinton's "disciplined growthmanship," which combined deficit reduction and a relaxed but watchful monetary policy by the Federal Reserve. Writing with eloquence and analytical clarity, Robert M. Collins offers a startlingly new framework for understanding the history of postwar America.
This text invites students to pursue a career in sociology, entices others to consider advanced courses, and yet serves those who will take but one sociology course. This basic textbook for Introduction to Sociology can also serve well in courses in American Society.
