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"One of Choice's Outstanding Academic Titles for 1998" Thomas I. Palley is Assistant Director of Public Policy (Economics) at the AFL-CIO and the author ofPost-Keynesian Economics: Debt, Distribution, and the Macro Economy.
Business papers today are in a triumphant mood, buoyed by a conviction that the economic stagnation of the last quarter century has vanished in favor of a new age of robust growth. But if we are doing so well, many ask, why does...
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"For those who witnessed the global collapse of socialism, its resurrection in the twenty-first century comes as a surprise, even a shock. How can socialism work now when it has never worked before? In this pathbreaking book, bestselling author Dinesh D'Souza argues that the socialism advanced today by the likes of Alexandria Ocasio-Cortez, Bernie Sanders, Ilhan Omar and Elizabeth Warren is very different from the socialism of Lenin, Mao and Castro....
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Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? Why does the stock market go up when employment declines? Should I give that homeless guy a buck? What's a "living wage"? How much can presidents really affect economic outcomes? What does the Federal Reserve Bank really do? And even when some pundits say the economy's sound, why do I still feel so squeezed? If you'd like...
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The global labor market is changing radically thanks to growth at the high end-and the low. About three quarters of the jobs created in the United States since the great recession pay only a bit more than minimum wage. Still, the United States has more millionaires and billionaires than any country ever, and we continue to mint them. In this eye-opening book, renowned economist and bestselling author Tyler Cowen explains that phenomenon: High earners...
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"Economics is the queen of the social sciences, and economists are among the most prominent of experts in Washington. No other discipline has its own office in the White House, is as visible in the New York Times, or as frequently mentioned in the Congressional Record. Yet at the same time, the limits on economists' influence are quite clear. Their advice is often ignored until it is politically convenient, and as the current moment shows, politicians...
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"The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe--and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000--interrupted only by the troubled 1970s--represented a normal...
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"DEALING WITH CHINA takes the reader behind closed doors to witness the creation and evolution of China's state-controlled capitalism"--
"Henry M. Paulson, Jr., former Secretary of the U.S. Treasury and CEO of Goldman Sachs, delivers a behind-the-scenes account of China's rise as an economic superpower. When Hu Jintao, China's then vice president, came to visit the New York Stock Exchange and Ground Zero in 2002, he asked Hank Paulson to be his guide....
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"What is Eastern Europe and why is it so culturally and politically separate from the rest of Europe? In Long Awaited West, Stefano Bottoni considers what binds these countries together in an increasingly globalized world. Focusing on economic and social policies, Bottoni explores how Eastern Europe developed and, more importantly, why it remains so distant from the rest of the continent. He argues that this distance arises in part from psychological...
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"How can we reduce unemployment? As this insightful and counterintuitive book shows, the surprising answer is inefficiency. Some of the most labor-intensive sectors of the economy, the author notes, are also the most inefficient. But this inefficiency is functional--rather than impairing the economy, it bolsters employment and fosters economic growth. Technological progress increases efficiency and reduces the need for workers in manufacturing, mining,...
13) Overhaul: an insider's account of the Obama administration's emergency rescue of the auto industry
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A uniquely informed investigative account of one of the biggest financial crises of President Obama's early administration
During his first year in office, President Obama faced the possibility of more than a million lost jobs as GM and Chrysler headed for financial ruin. He joined forces with Treasury Secretary Tim Geithner and economic advisor Larry Summers in a historic government intervention to keep these two auto-industry giants afloat, working...
14) End the Fed
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The author draws on American history, economics and fascinating stories from his own long political life to argue that the Federal Reserve is both corrupt and unconstitutional, inflating currency and threatening to put us into an inflationary depression. He also tells us where we went wrong and what we need to do fix America's economic policy for future generations.
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Over the last century, global poverty has largely been viewed as a technical problem that merely requires the right "expert" solutions. Yet all too often, experts recommend solutions that fix immediate problems without addressing the systemic political factors that created them in the first place. Further, they produce an accidental collusion with "benevolent autocrats," leaving dictators with yet more power to violate the rights of the poor.
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The very rich have gotten a lot richer these past few decades--even during the current economic crisis--while most Americans haven't. How have they managed to restructure the economy to reap the lion's share, tearing new holes in the safety net and saddling all of us with increased debt and risk? In an innovative historical departure, Hacker and Pierson trace the rise of the winner-take-all economy back to a major transformation of American politics...
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During the 2016 presidential election, both Donald Trump and Bernie Sanders argued that elites were hurting the economy. But, drawing together evidence and theory from across economics, political science, and even finance, Garett Jones says otherwise. In '10% Less Democracy', he makes the case that the richest, most democratic nations would be better off if they slightly reduced accountability to the voting public, turning up the dial on elite influence....
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By the publisher of the prestigious Grants Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils.James Grant tells the story of Americas last governmentally-untreated depression; relatively brief...
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John R. Talbott's ingenious new book, The 86 Biggest Lies on Wall Street, exposes the lies and then exposes us to the truth of what it will take to rebuild our economy. As a former investment banker at Goldman Sachs, Talbott knows firsthand how the financial system operates and what it will take to fix it. As the "oracle" who predicted the housing crisis in his 2003 book, The Coming Crash in the Housing Market, warned of a global banking crisis in...
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