Two Hundred Years Of Muddling Through

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Two Hundred Years of Muddling Through

Author : Duncan Weldon
Publisher : Abacus
Page : 352 pages
File Size : 40,6 Mb
Release : 2022-05-05
Category : Great Britain
ISBN : 0349144273

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Tumultuous Times

Author : Masaaki Shirakawa
Publisher : Yale University Press
Page : 534 pages
File Size : 54,8 Mb
Release : 2021
Category : Bankers
ISBN : 9780300258974

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Tumultuous Times by Masaaki Shirakawa Pdf

A rare insider's account of the inner workings of the Japanese economy, and the Bank of Japan's monetary policy, by a career central banker The Japanese economy, once the envy of the world for its dynamism and growth, lost its shine after a financial bubble burst in early 1990s and slumped further during the Global Financial Crisis in 2008. It suffered even more damage in 2011, when a severe earthquake set off the Fukushima Daiichi nuclear disaster. However, the Bank of Japan soldiered on to combat low inflation, low growth, and low interest rates, and in many ways it served as a laboratory for actions taken by central banks in other parts of the world. Masaaki Shirakawa, who led the bank as governor from 2008 to 2013, provides a rare insider's account of the workings of Japanese economic and monetary policy during this period and how it challenged mainstream economic thinking.

Money in One Lesson

Author : Gavin Jackson
Publisher : Pan Macmillan
Page : 340 pages
File Size : 48,9 Mb
Release : 2022-01-20
Category : Business & Economics
ISBN : 9781529051872

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Money in One Lesson by Gavin Jackson Pdf

'Superb' - Tim Harford, author of How to Make the World Add Up Money is essential to the economy and how we live our lives, yet is inherently worthless. We can use it to build a home or send us to space, and it can lead to the rise and fall of empires. Few innovations have had such a huge impact on the development of humanity, but money is a shared fiction; a story we believe in so long as others act as if it is true. Money is rarely out of the headlines – from the invention of cryptocurrencies to the problem of high inflation, extraordinary interventions by central banks and the power the West has over the worldwide banking system. In Money in One Lesson, Gavin Jackson answers the most important questions on what money is and how it shapes our world, drawing on vivid examples from throughout history to demystify and show how societies and its citizens, both past and present, are always entwined with matters of money. ‘A highly illuminating, well-researched and beautifully written book on one of humanity’s most important innovations’ – Martin Wolf, chief economics commentator, Financial Times

Muddling Through

Author : Michael Fortun
Publisher : National Geographic Books
Page : 0 pages
File Size : 47,6 Mb
Release : 1998-10-20
Category : Fiction
ISBN : 9781887178488

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Muddling Through by Michael Fortun Pdf

Messy. Clumsy. Volatile. Exciting. These words are not often associated with the sciences, which for most people still connote exactitude, elegance, reliability, and a rather plodding certainty. But the real story is something quite different. The sciences are less about the ability to know and to control than they are about the unleashing of new forces, new capacities for changing the world. The sciences as practiced exist not in some pristine world of “objectivity,” but in what Mike Fortun and Herb Bernstein call “the muddled middle.” This book explores the way science makes sense of the world and how the world makes sense of science. It is also about politics and culture--how these forces shape the sciences and are shaped by it in turn. Think of Muddling Through as the basic text for a new kind of literacy project, a project to re-imagine the sciences as complex operations of language, action, and thought--as attempts, trials, limited experiments. The sciences provide us with the images and metaphors we apply to myriad situations and phenomena, and create the blueprints we use to make and legitimate crucial social decisions. If democracies are to meet the challenge of the ever more critical world-making role of the sciences, they must fundamentally shift their attention and their attitudes. The quest for social or political mastery of the sciences will have to end; the new journey will begin with a trip to the muddled middle. Travel then, with historian Fortun and physicist Bernstein from the workshops of fifteenth-century England to a present-day quantum physics laboratory. Stop at a military toxic waste dump, a courtroom, a colony of baboons. Along the way you might shed your faith in pure inquiry, see the limits of value-free rationality, and breath the fresh air of change.

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

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
Page : 320 pages
File Size : 44,6 Mb
Release : 2010-10-04
Category : Business & Economics
ISBN : 0393077071

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

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.

Where Credit is Due

Author : Gregory Smith
Publisher : Oxford University Press
Page : 230 pages
File Size : 52,6 Mb
Release : 2021-12-01
Category : Business & Economics
ISBN : 9780197644218

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Where Credit is Due by Gregory Smith Pdf

Borrowing is a crucial source of financing for governments all over the world. If they get it wrong, then debt crises can bring progress to a halt. But if it's done right, investment happens and conditions improve. African countries are seeking calmer capital, to raise living standards and give their economies a competitive edge. The African debt landscape has changed radically in the first two decades of the twenty-first century. Since the clean slate of extensive debt relief, states have sought new borrowing opportunities from international capital markets and emerging global powers like China. The new debt composition has increased risk, exacerbated by the 2020 coronavirus pandemic: richer countries borrowed at rock-bottom interest rates, while Africa faced an expensive jump in indebtedness. The escalating debt burden has provoked calls by the G20 for suspension of debt payments. But Africa's debt today is highly complex, and owed to a wider range of lenders. A new approach is needed, and could turn crisis into opportunity. Urgent action by both lenders and borrowers can reduce risk, while carefully preserving market access; and smart deployment of private finance can provide the scale of investment needed to achieve development goals and tackle the climate emergency.

Muddling Through Madagascar

Author : Dervla Murphy
Publisher : Unknown
Page : 202 pages
File Size : 43,7 Mb
Release : 2016
Category : Electronic
ISBN : 1780601239

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The Confidence Trap

Author : David Runciman
Publisher : Princeton University Press
Page : 424 pages
File Size : 44,7 Mb
Release : 2017-10-31
Category : Political Science
ISBN : 9780691178134

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Why democracies believe they can survive any crisis—and why that belief is so dangerous Why do democracies keep lurching from success to failure? The current financial crisis is just the latest example of how things continue to go wrong, just when it looked like they were going right. In this wide-ranging, original, and compelling book, David Runciman tells the story of modern democracy through the history of moments of crisis, from the First World War to the economic crash of 2008. A global history with a special focus on the United States, The Confidence Trap examines how democracy survived threats ranging from the Great Depression to the Cuban missile crisis, and from Watergate to the collapse of Lehman Brothers. It also looks at the confusion and uncertainty created by unexpected victories, from the defeat of German autocracy in 1918 to the defeat of communism in 1989. Throughout, the book pays close attention to the politicians and thinkers who grappled with these crises: from Woodrow Wilson, Nehru, and Adenauer to Fukuyama and Obama. In The Confidence Trap, David Runciman shows that democracies are good at recovering from emergencies but bad at avoiding them. The lesson democracies tend to learn from their mistakes is that they can survive them—and that no crisis is as bad as it seems. Breeding complacency rather than wisdom, crises lead to the dangerous belief that democracies can muddle through anything—a confidence trap that may lead to a crisis that is just too big to escape, if it hasn't already. The most serious challenges confronting democracy today are debt, the war on terror, the rise of China, and climate change. If democracy is to survive them, it must figure out a way to break the confidence trap.

Failures in Health and Social Care

Author : Neil Small
Publisher : Taylor & Francis
Page : 274 pages
File Size : 48,7 Mb
Release : 2023-06-30
Category : Social Science
ISBN : 9781000900309

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Failures in Health and Social Care by Neil Small Pdf

This thought-provoking book examines breakdowns in the quality of health and social care over the past decade, exploring governance failures and the challenges of achieving lasting change. Failures in care have been manifest across many different settings. Drawing on examples from care of older people and end-of-life care, as well as from learning disabilities, mental health, maternity care and services for vulnerable children, Neil Small shows that the same sorts of problems are evident across these settings and that they are occurring up to the present day. Discussing culture change alongside levels of funding and the impact of prevailing political and economic orthodoxies, and through the lens of shifts of trust in society, this book argues that the concept of culture must be cast much wider than organisational and professional cultures if change is to be secured. This book engages with how to improve quality of care in the NHS and welfare systems more generally. Its case examples are from the UK but the issues of governance, culture change and shifts in the social contract that failures illuminate have an international relevance. It is important reading for those with an interest in health, social care, political science, and sociology.

The Knowledge Economy

Author : Roberto Mangabeira Unger
Publisher : Verso Books
Page : 305 pages
File Size : 55,8 Mb
Release : 2022-06-28
Category : Political Science
ISBN : 9781788734981

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Revolutionary account of the transformative potential of the knowledge economy Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer conventional manufacturing: it is the radically innovative vanguard known as the knowledge economy. In every part of the production system it remains a fringe excluding the vast majority of workers and businesses. This book explores the hidden nature of the knowledge economy and its possible futures. The confinement of the knowledge economy to these insular vanguards has become a driver of economic stagnation and inequality throughout the world. Traditional mass production has stopped working as a shortcut to economic growth. But the alternative—a deepened and socially inclusive form of the knowledge economy—continues to lie beyond reach in even the richest countries. The shape of contemporary politics on both the left and the right reflects a failure to come to terms with this dilemma and to overcome it. Unger explains the knowledge economy in the truncated and confined form that it has today and proposes the way to a knowledge economy for the many: changes not just in economic institutions but also in education, culture, and politics. Just as Smith and Marx did in their time, he uses an understanding of the most advanced practice of production to rethink both economics and the economy as a whole.

The Shifts and the Shocks

Author : Martin Wolf
Publisher : Penguin UK
Page : 528 pages
File Size : 53,8 Mb
Release : 2014-09-04
Category : Business & Economics
ISBN : 9780718197971

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In The Shifts and the Shocks, Martin Wolf - one of the world's most influential economic commentators and author of Why Globalization Works - presents his controversial and highly original analysis of the economic course of the last seven years There have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us us about modern economies and economics. The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. 'Are we now on a sustainable course?' Wolf asks. 'The answer is no.' He explains with great clarity why 'further crises seem certain' and why the management of the eurozone in particular 'guarantees a huge political crisis at some point in the future.' Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented. Written with all the intellectual command and trenchant judgement that have made Martin Wolf one of the world's most influential economic commentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future. It is a book no-one with an interest in global affairs will want to neglect. MARTIN WOLF is Associate Editor and Chief Economics Commentator at the Financial Times, London. He is the recipient of many awards for financial journalism, for which he was also made a CBE in 2000. His previous books include Why Globalization Works and Fixing Global Finance. "We have been inundated with books about the 'financial' aspects of the crisis. There have also been many books about specific institutions or memoirs by retired policy-makers. We need something different. There are two dimensions of the crisis that have received surprisingly little treatment. One is the link between developments in the macro-economy and the behaviour of the financial sector. The other is the global dimension of the crisis. Both these lie at the heart of Martin Wolf's analysis of the causes of the crisis and of his proposals to reduce the risk of another crisis. For these two reasons this is an important book that will be influential. Most important of all, it is in my view the right analysis and remedy" Mervyn King "To think straight about the causes and solutions of the financial crisis we must reject orthodox assumptions that more finance and global financial integration are limitlessly beneficial. The Shifts and the Shocks does just that, providing an intellectually sparkling and vital account of why the crisis occurred, and of the radical reforms needed if we are to avoid a future repeat" Adair Turner "Martin Wolf is unsurpassed in the world of economic journalists. His superb book may be the best of all those spawned by the Great Recession. It is analytical and rigorous without ever succumbing to fatalism or complacency" Lawrence Summers

The Death of Consensus

Author : Phil Tinline
Publisher : Hurst Publishers
Page : 556 pages
File Size : 52,5 Mb
Release : 2022-06-23
Category : Political Science
ISBN : 9781787388840

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Over Britain’s first century of mass democracy, politics has lurched from crisis to crisis. How does this history of political agony illuminate our current age of upheaval? To find out, journalist Phil Tinline takes us back to two past eras when the ruling consensus broke down, and the future filled with ominous possibilities – until, finally, a new settlement was born. How did the Great Depression’s spectres of fascism, bombing and mass unemployment force politicians to think the unthinkable, and pave the way to post-war Britain? How was Thatcher’s road to victory made possible by a decade of nightmares: of hyperinflation, military coups and communist dictatorship? And why, since the Crash in 2008, have new political threats and divisions forced us to change course once again? Tinline brings to life those times, past and present, when the great compromise holding democracy together has come apart; when the political class has been forced to make a choice of nightmares. This lively, original account of panic and chaos reveals how apparent catastrophes can clear the path to a new era. The Death of Consensus will make you see British democracy differently.

Economic Possibilities for Our Grandchildren

Author : John Maynard Keynes
Publisher : Unknown
Page : 12 pages
File Size : 54,6 Mb
Release : 1987-04-01
Category : Keynesian economics
ISBN : 0942153219

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Strategy

Author : Sir Lawrence Freedman
Publisher : Oxford University Press
Page : 752 pages
File Size : 44,9 Mb
Release : 2013-09-02
Category : Political Science
ISBN : 9780199349906

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Strategy by Sir Lawrence Freedman Pdf

Selected as a Financial Times Best Book of 2013 In Strategy: A History, Sir Lawrence Freedman, one of the world's leading authorities on war and international politics, captures the vast history of strategic thinking, in a consistently engaging and insightful account of how strategy came to pervade every aspect of our lives. The range of Freedman's narrative is extraordinary, moving from the surprisingly advanced strategy practiced in primate groups, to the opposing strategies of Achilles and Odysseus in The Iliad, the strategic advice of Sun Tzu and Machiavelli, the great military innovations of Baron Henri de Jomini and Carl von Clausewitz, the grounding of revolutionary strategy in class struggles by Marx, the insights into corporate strategy found in Peter Drucker and Alfred Sloan, and the contributions of the leading social scientists working on strategy today. The core issue at the heart of strategy, the author notes, is whether it is possible to manipulate and shape our environment rather than simply become the victim of forces beyond one's control. Time and again, Freedman demonstrates that the inherent unpredictability of this environment-subject to chance events, the efforts of opponents, the missteps of friends-provides strategy with its challenge and its drama. Armies or corporations or nations rarely move from one predictable state of affairs to another, but instead feel their way through a series of states, each one not quite what was anticipated, requiring a reappraisal of the original strategy, including its ultimate objective. Thus the picture of strategy that emerges in this book is one that is fluid and flexible, governed by the starting point, not the end point. A brilliant overview of the most prominent strategic theories in history, from David's use of deception against Goliath, to the modern use of game theory in economics, this masterful volume sums up a lifetime of reflection on strategy.

The Impossible Office?

Author : Anthony Seldon
Publisher : Cambridge University Press
Page : 569 pages
File Size : 47,7 Mb
Release : 2024-03-14
Category : Political Science
ISBN : 9781009429764

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The Impossible Office? by Anthony Seldon Pdf

A Times and Sunday Times Book of the Year. The recent political chaos enfolding Downing Street provides the framing for the extraordinary story of the office of Prime Minister, and how and why it has endured longer than any other democratic political office in world history. Sir Anthony Seldon, historian of Number 10, explores the lives and careers, crises and scandals, and successes and failures of our great Prime Ministers from Robert Walpole to Clement Attlee and Margaret Thatcher, up to the recent churn of Boris Johnson, Liz Truss and Rishi Sunak. Seldon discusses which of our PMs have been most effective and why, as well as probing the changing relationship between the Monarchy and the Prime Minister in intimate detail. A celebration of the humanity, frailty, work and achievements of 57 remarkable individuals who averted revolution and civil war, leading the country through times of peace, crisis and war.