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China and India are home to one-third of the world's population. And they're undergoing social and economic revolutions that are capturing the best minds--and money--of Western business. In Billions of Entrepreneurs, Tarun Khanna examines the entrepreneurial forces driving China's and India's trajectories of development. He shows where these trajectories overlap and complement one another--and where they diverge and compete. He also reveals how Western...
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Speculations about the effects of politics on economic life have a long and vital tradition, but few efforts have been made to determine the precise relationship between them. Edward Tufte, a political scientist who covered the 1976 Presidential election for Newsweek, seeks to do just that. His sharp analyses and astute observations lead to an eye-opening view of the impact of political life on the national economy of America and other capitalist...
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"Even his staunchest opponents grudgingly admit that, so far, President Trump's policies have been good for business. Can he really turn the economy around? Donald Trump promised the American people a transformative change in economic policy after eight years of stagnation under Barack Obama. But he didn't adopt a conventional left or right economic agenda. His is a new economic populism that combines some conventional Republican ideas--tax cuts,...
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We have experienced a shift in American character: we've become a nation of moochers. Increasingly dependent on the efforts of others over our own, Americans are free to freeload. From the corporate bailouts on Wall Street to the alarming increases in personal default and dependency, from questionable tax exemptions to enormous pension, healthcare, and other entitlement costs, the new moocher culture cuts across lines of class, race, and private and...
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The shift toward automation is about to create a tsunami of unemployment. Not in the distant future--now. One recent estimate predicts 45 million American workers will lose their jobs within the next twelve years--jobs that won't be replaced. In a future marked by restlessness and chronic unemployment, what will happen to American society? In The War on Normal People, Andrew Yang paints a dire portrait of the American economy. Rapidly advancing technologies...
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"We're becoming like Europe." This expression captures many Americans' sense that something has changed in American economic life since the Great Recession's onset in 2008: that an economy once characterized by commitments to economic liberty, rule of law, limited government, and personal responsibility has drifted in a distinctly "European" direction. Americans see, across the Atlantic, European economies faltering under enormous debt; overburdened...
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James Riedel is Professor of International Economics at Johns Hopkins University's School of Advanced International Studies. Jing Jin is Director of China Strategy for UBS AG Hong Kong, and a professor at Beijing's Central University of Finance and Economics. Jian Gao is Vice-Governor of the China Development Bank in Beijing.
Why investment and financial reform are essential to China's continued economic well-being
Although China's economy has...
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"Ever since America descended into economic crisis the comparisons to the Great Depression have come fast and furious. Incredibly, we have heard almost nothing about a much more recent economic calamity: the ruinous "stagflation" of the 1970s - the second-worst decade in American economic history. But now, in the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic reminds us that the twentieth century's greatest economic counterrevolution...
13) The seven sins of Wall Street: big banks, their Washington lackeys, and the next financial crisis
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We all know that the financial crisis of 2008 came dangerously close to pushing the United States and the world into a depression rivaling that of the 1930s. But what is astonishing--and should make us not just afraid but very afraid--are the shenanigans of the biggest banks since the crisis. Bob Ivry passionately, eloquently, and convincingly details the operatic ineptitude of America's best-compensated executives and the ways the government kowtows...
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"From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even...
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"Shortlisted for the 2018 Africa-Asia ICAS Book Prize, International Convention of Asia Scholars and Association for Asian Studies in Africa" Justin Yifu Lin, former senior vice president and chief economist of the World Bank, is director of the Center for New Structural Economics and dean of the Institute of South-South Cooperation and Development at Peking University. His books include The Quest for Prosperity: How Developing Countries Can Take...
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"One of America's greatest success stories is its economy. For over a century, it has been the envy of the world. The opportunity it generates has inspired millions of people to want to become American.Today, however, America's economy is at a crossroads. Many have lost confidence in the country's commitment to economic liberty. Across the political spectrum, many want the government to play an even greater role in the economy via protectionism, industrial...
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"After a modest increase in Metro fares in Santiago, Chile, last October, twenty Metro stations were simultaneously set on fire. The fare increase was the tipping point of years of social malaise. Days later there were more than a million protesters on the streets. The people of Chile were rejecting low pensions, highway tolls, school segregation, low-quality education, and poor public-health services-the result of decades of neoliberalism. Chile...
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"First published in 1962 and based on a series of lectures from 1956, Milton Friedman's Capitalism and Freedom provides the definitive statement of an immensely influential economic philosophy-one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. In short, the book asks: how can we benefit from the promise of government while avoiding the threat it poses to individual...
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Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North...
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"A highly reasonable, lightly fun introduction to thinking like an economist. When economists wrestle with issues such as unemployment, inflation, or pandemics, they do so in an impersonal, detached way: what's the most low-cost way to maximize good and minimize bad? These trade-offs constitute the core of how economists see the world-and make the policies that govern it. Trade-Offs is an introduction to the economic approach of analyzing controversial...