Contemporary Economic Situations and Conditions
The Working Poor
Invisible In America
Paperback ISBN: 0375708219
An intimate portrait of poverty-level working families from a range of ethnic backgrounds in America reveals their legacy of low-paying, dead-end jobs, dysfunctional parenting, and substance abuse and charges the government with failing to provide adequate housing, health care, and education. Reprint. 40,000 first printing.
The Wall Street Takeover and the Next Financial Meltdown
Hardcover ISBN: 0307379051
In the wake of the financial crisis of 2008, the largest banks at its center have emerged bigger, more profitable, and more resistant to regulation, even as they continue to wield power in Washington. Without an effective government crackdown on their deleterious, conventional practices, these banks—“too big to fail” and holding the global economy hostage—threaten to create yet another crippling economic downturn. The choice that our political and economic system faces is stark: accede to the vested interests of an unfettered financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform, through stringent regulation, the banking system as an engine of economic growth. In 13 Bankers, Simon Johnson—one of the most prominent economists in America (former chief economist of the International Monetary Fund, professor of entrepreneurship at MIT, and author of the controversial and much debated “The Quiet Coup” in The Atlantic)—and James Kwak examine not only how Wall Street’s ideology, wealth, and political power among policy makers in Washington led to the financial debacle of 2008, but also what the lessons learned portend for the future. To restore health and balance to our economy, they argue, we must confront the political force of big finance and reverse the inside-the-Beltway consensus that what is good for Wall Street is good for Main Street. Lucid, authoritative, and crucial for its timeliness, 13 Bankers is certain to be one of the most discussed books of the season.
The Next Economy and America's Future
1st Edition Hardcover ISBN: 0307592812
A former Secretary of Labor analyzes the economic crisis while making recommendations for responsibly navigating its aftermath, suggesting that the downturn actually resulted from a disproportionate concentration of wealth at the expense of a debt-burdened middle class. 75,000 first printing.
The Next Economy and America's Future
Paperback ISBN: 0307476332
Updated for paperback publication, Aftershock is a brilliant reading of the causes of our current economic crisis, with a plan for dealing with its challenging aftermath. When the nation’s economy foundered in 2008, blame was directed almost universally at Wall Street bankers. But Robert B. Reich, one of our most experienced and trusted voices on public policy, suggests another reason for the meltdown. Our real problem, he argues, lies in the increasing concentration of wealth in the hands of the richest Americans, while stagnant wages and rising costs have forced the middle class to go deep into debt. Reich’s thoughtful and detailed account of where we are headed over the next decades—and how we can fix our economic system—is a practical, humane, and much-needed blueprint for restoring America’s economy and rebuilding our society.
How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
Hardcover ISBN: 0691142335
The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government--simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life--such as confidence and fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes--and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them.Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits--the powerful forces of human psychology that are afoot in the world economy today.
The Armchair Economist
Economics and Everyday Life
Paperback ISBN: 1451651732
The extensively revised and updated edition of Steven Landsburg’s hugely popular book.Steven E. Landsburg is well known for revealing the laws of economics that underlie our everyday experience and illuminate the entire range of human behavior. When cars are made safer, drivers become more reckless and accident rates go up. When a supply interruption causes gas prices to skyrocket, journalists point to the “obvious” exercise of monopoly power. Economists see just the opposite: If oil companies had monopoly power, prices would have been higher all along. First published in 1993, The Armchair Economist attracted a large and devoted following. Now, almost twenty years later, this new edition includes contemporary applications of the eternal ideas of economic theory, firmly placing the book’s emphasis on today's concerns, including political strategies, interest rates, government deficits, Internet scams, the local foods movement, and the prices of everything from gasoline to college tuition. Several chapters have been rewritten from scratch to incorporate new material and new explanations of eternal ideas. Throughout, the basic principles of economics continue to surprise, delight, and edify.
The Economics of Great Powers from Ancient Rome to Modern America
Hardcover ISBN: 1476700257
Draws on examples from history to explore why powerful nations and civilizations break down under the heavy burden of financial imbalance, offering sobering arguments about America's current vulnerabilities and the preventative steps that must be taken.
The Battle for Paradise
Puerto Rico Takes on the Disaster Capitalists
Paperback ISBN: 1608463575
"We are in a fight for our lives. Hurricanes Irma and Mar unmasked the colonialism we face in Puerto Rico, and the inequality it fosters, creating a fierce humanitarian crisis. Now we must find a path forward to equality and sustainability, a path driven by communities, not investors. And this book explains, with careful and unbiased reporting, only the efforts of our community activists can answer the paramount question: What type of society do we want to become and who is Puerto Rico for?" Yulin Cruz, Mayor of San Juan, Puerto Rico In the rubble of Hurricane Maria, Puerto Ricans and ultrarich Puertopians are locked in a pitched struggle over how to remake the island. In this vital and startling investigation, bestselling author and activist Naomi Klein uncovers how the forces of shock politics and disaster capitalism seek to undermine the nation's radical, resilient vision for a just recovery. All royalties from the sale of this book in English and Spanish go directly to JunteGente, a gathering of Puerto Rican organizations resisting disaster capitalism and advancing a fair and healthy recovery for their island. For more information, visit http://juntegente.org/. Naomi Klein is an award-winning journalist, syndicated columnist, documentary filmmaker and author of the international bestsellers No Logo: Taking Aim at the Brand Bullies, The Shock Doctrine: The Rise of Disaster Capitalism, This Changes Everything: Capitalism vs. the Climate, and No Is Not Enough.
The Big Short
Inside the Doomsday Machine
Hardcover ISBN: 0393072231
Shares insights into the recent economic crisis, citing such factors as expanded home ownership and risky derivative elections in the face of increasing shareholder demands, and profiles responsible parties in government, financial, and private sectors.