The Roaring Nineties: A New History of the World's Most Prosperous Decade


Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393078388
Category: Business & Economics
Page: 448
View: 8244

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How one of the greatest economic expansions in history sowed the seeds of its own collapse. With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States. The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial community—that along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade. This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost. The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.

Contours of Descent

U.S. Economic Fractures and the Landscape of Global Austerity
Author: Robert Pollin
Publisher: Verso
ISBN: 9781844675340
Category: Business & Economics
Page: 270
View: 6312

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The concepts of modernity and modernism are among the most controversial and vigorously debated in contemporary philosophy and cultural theory. In this new, muscular intervention, Pollin explores these notions in a fresh and illuminating manner.

Capital and Language

From the New Economy to the War Economy
Author: Christian Marazzi
Publisher: Semiotext
ISBN: 9781584350675
Category: Business & Economics
Page: 165
View: 5023

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The Swiss-Italian economist Christian Marazzi is one of the core theorists of the Italian postfordist movement, along with Antonio Negri, Paolo Virno, and Bifo (Franco Berardi). But although his work is often cited by scholars (particularly by those in the field of "Cognitive Capitalism"), his writing has never appeared in English. This translation of his most recent work, Capital and Language (published in Italian in 2002), finally makes Marazzi's work available to an English-speaking audience. Capital and Language takes as its starting point the fact that the extreme volatility of financial markets is generally attributed to the discrepancy between the "real economy" (that of material goods produced and sold) and the more speculative monetary-financial economy. But this distinction has long ceased to apply in the postfordist New Economy, in which both spheres are structurally affected by language and communication. In Capital and Language Marazzi argues that the changes in financial markets and the transformation of labor into immaterial labor (that is, its reliance on abstract knowledge, general intellect, and social cooperation) are just two sides of the same coin. Capital and Language focuses on the causes behind the international economic and financial depression of 2001, and on the primary instrument that the U.S. government has since been using to face them: war. Marazzi points to capitalism’s fourth stage (after mercantilism, industrialism, and the postfordist culmination of the New Economy): the "War Economy" that is already upon us. Marazzi offers a radical new understanding of the current international economic stage and crucial post-Marxist guidance for confronting capitalism in its newest form. Capital and Language also provides a warning call to a Left still nostalgic for a Fordist construct—a time before factory turned into office (and office into home), and before labor became linguistic.

Making Globalization Work


Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 9780393066203
Category: Political Science
Page: 400
View: 6808

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"A damning denunciation of things as they are, and a platform for how we can do better."—Andrew Leonard, Salon Building on the international bestseller Globalization and Its Discontents, Joseph E. Stiglitz offers here an agenda of inventive solutions to our most pressing economic, social, and environmental challenges, with each proposal guided by the fundamental insight that economic globalization continues to outpace both the political structures and the moral sensitivity required to ensure a just and sustainable world. As economic interdependence continues to gather the peoples of the world into a single community, it brings with it the need to think and act globally. This trenchant, intellectually powerful, and inspiring book is an invaluable step in that process.

Globalization

A Short History of the Modern World
Author: W. Nester
Publisher: Springer
ISBN: 0230117384
Category: Political Science
Page: 181
View: 1718

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How did globalization come to dominate our lives? What have been, are, and most likely will be globalization's potential benefits and costs? This book explores the world's most powerful force for good and evil from the Renaissance through today and beyond.

The Business of America is Lobbying

How Corporations Became Politicized and Politics Became More Corporate
Author: Lee Drutman
Publisher: Oxford University Press
ISBN: 0190215534
Category: Political Science
Page: 240
View: 6530

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Corporate lobbyists are everywhere in Washington. Of the 100 organizations that spend the most on lobbying, 95 represent business. The largest companies now have upwards of 100 lobbyists representing them. How did American businesses become so invested in politics? And what does all their money buy? Drawing on extensive data and original interviews with corporate lobbyists, The Business of America is Lobbying provides a fascinating and detailed picture of what corporations do in Washington, why they do it, and why it matters. Prior to the 1970s, very few corporations had Washington offices. But a wave of new government regulations and declining economic conditions mobilized business leaders. Companies developed new political capacities, and managers soon began to see public policy as an opportunity, not just a threat. Ever since, corporate lobbying has become increasingly more pervasive, more proactive, and more particularistic. Lee Drutman argues that lobbyists drove this development, helping managers to see why politics mattered, and how proactive and aggressive engagement could help companies' bottom lines. All this lobbying doesn't guarantee influence. Politics is a messy and unpredictable bazaar, and it is more competitive than ever. But the growth of lobbying has driven several important changes that make business more powerful. The status quo is harder to dislodge; policy is more complex; and, as Congress increasingly becomes a farm league for K Street, more and more of Washington's policy expertise now resides in the private sector. These and other changes increasingly raise the costs of effective lobbying to a level only businesses can typically afford. Lively and engaging, rigorous and nuanced, The Business of America is Lobbying will change how we think about lobbying-and how we might reform it.

The Coming of Age of Information Technologies and the Path of Transformational Growth.

A Long Run Perspective on the 2000s Recession
Author: Davide Gualerzi
Publisher: Routledge
ISBN: 1135254893
Category: Business & Economics
Page: 176
View: 7343

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In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector. The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.

Economics of Development, Theory and Evidence

Economics, Economics
Author: CTI Reviews
Publisher: Cram101 Textbook Reviews
ISBN: 1478423129
Category: Education
Page: 431
View: 3806

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Facts101 is your complete guide to Economics of Development, Theory and Evidence. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

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


Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393075966
Category: Business & Economics
Page: 361
View: 7299

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Drawing on his academic and professional expertise, the author explains how the United States exported bad economics, bad policies, and bad behavior to the rest of the world, only to provide a substandard response when the markets finally seized up.

Acts of God

The Unnatural History of Natural Disaster in America
Author: Ted Steinberg
Publisher: Oxford University Press
ISBN: 0199838992
Category: History
Page: 336
View: 7518

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As the waters of the Mississippi River and Lake Pontchartrain began to pour into New Orleans, people began asking the big question--could any of this have been avoided? How much of the damage from Hurricane Katrina was bad luck, and how much was poor city planning? Steinberg's Acts of God is a provocative history of natural disasters in the United States. This revised edition features a new chapter analyzing the failed response to Hurricane Katrina, a disaster Steinberg warned could happen when the book first was published. Focusing on America's worst natural disasters, Steinberg argues that it is wrong to see these tragedies as random outbursts of nature's violence or expressions of divine judgment. He reveals how the decisions of business leaders and government officials have paved the way for the greater losses of life and property, especially among those least able to withstand such blows--America's poor, elderly, and minorities. Seeing nature or God as the primary culprit, Steinberg explains, has helped to hide the fact that some Americans are simply better able to protect themselves from the violence of nature than others. In the face of revelations about how the federal government mishandled the Katrina calamity, this book is a must-read before further wind and water sweep away more lives. Acts of God is a call to action that needs desperately to be heard.

Will the Last Reporter Please Turn out the Lights

The Collapse of Journalism and What Can Be Done To Fix It
Author: Robert W. McChesney,Victor Pickard
Publisher: The New Press
ISBN: 1595587497
Category: Social Science
Page: 384
View: 912

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The sudden meltdown of the news media has sparked one of the liveliest debates in recent memory, with an outpouring of opinion and analysis crackling across journals, the blogosphere, and academic publications. Yet, until now, we have lacked a comprehensive and accessible introduction to this new and shifting terrain. In Will the Last Reporter Please Turn out the Lights, celebrated media analysts Robert W. McChesney and Victor Pickard have assembled thirty-two illuminating pieces on the crisis in journalism, revised and updated for this volume. Featuring some of today’s most incisive and influential commentators, this comprehensive collection contextualizes the predicament faced by the news media industry through a concise history of modern journalism, a hard-hitting analysis of the structural and financial causes of news media’s sudden collapse, and deeply informed proposals for how the vital role of journalism might be rescued from impending disaster. Sure to become the essential guide to the journalism crisis, Will the Last Reporter Please Turn out the Lights is both a primer on the news media today and a chronicle of a key historical moment in the transformation of the press.

ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism


Author: Yves Smith
Publisher: St. Martin's Press
ISBN: 9780230105737
Category: Business & Economics
Page: 368
View: 8083

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Why are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk. But these are all symptoms. Until we isolate and tackle fundamental causes, we will fail to extirpate the disease. ECONned is the first book to examine the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster. Here, Yves Smith looks at how economists in key policy positions put doctrine before hard evidence, ignoring the deteriorating conditions and rising dangers that eventually led them, and us, off the cliff and into financial meltdown. Intelligently written for the layman, Smith takes us on a terrifying investigation of the financial realm over the last twenty-five years of misrepresentations, naive interpretations of economic conditions, rationalizations of bad outcomes, and rejection of clear signs of growing instability. In eConned, author Yves Smith reveals: --why the measures taken by the Obama Administration are mere palliatives and are unlikely to pave the way for a solid recovery --how economists have come to play a profoundly anti-democratic role in policy --how financial models and concepts that were discredited more than thirty years ago are still widely used by banks, regulators, and investors --how management and employees of major financial firms looted them, enriching themselves and leaving the mess to taxpayers --how financial regulation enabled predatory behavior by Wall Street towards investors --how economics has no theory of financial systems, yet economists fearlessly prescribe how to manage them

Transforming Power

Energy, Environment, and Society in Conflict
Author: John Byrne,Noah Toly,Leigh Glover
Publisher: Transaction Publishers
ISBN: 1412815967
Category: Political Science
Page: 275
View: 1971

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In 1934, Lewis Mumford critiqued the industrial energy system as a key source of authoritarian economic and political tendencies in modern life. Recent debate continues to engage issues of energy authoritarianism, focusing on the contest between energy-driven globalization (the spread of energy deregulation and the simultaneous consolidation of the oil, coal, and gas industries) and the so-called "sustainable energy" strategy that celebrates the local and community scale characteristics of renewable energy. Including theoretical inquiries and case studies by distinguished writers, Transforming Power is divided into three parts: Energy, Environment, and Society; The Politics of Conventional Energy; and The Politics of Sustainable Energy. It interrogates current contemporary energy assumptions, exploring the reflexive relationship between energy, environment, and society, and examining energy as a social project. Some of these have promised a prosperous future founded upon technological advances that further modernize the modern energy system, such as "inherently safe" nuclear power, environmentally friendly coal gasification, and the advent of a wealthier, cleaner world powered by fuel cells; and the "green technologies," said by advocates to prefigure a revival of human scale development, local self-determination, and a commitment to ecological balance. >br> This volume offers a timely engagement of the social issues surrounding energy conflicts and contradictions. It will be of interest to policymakers, energy and environmental experts, sociologists, and historians of technology.

America and the World

Culture, Commerce, Conflict
Author: Lawrence A. Peskin,Edmund F. Wehrle
Publisher: JHU Press
ISBN: 1421402963
Category: History
Page: 302
View: 3910

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Although the twenty-first century may well be the age of globalization, this book demonstrates that America has actually been at the cutting edge of globalization since Columbus landed here five centuries ago. Lawrence A. Peskin and Edmund F. Wehrle explore America's evolving connections with Europe, Africa, and Asia in the three areas that historically have been indicators of global interaction: trade and industry, diplomacy and war, and the "soft" power of ideas and culture. Framed in four chronological eras that mark phases in the long history of globalization, this book considers the impact of international events and trends on the American story as well as the influence America has exerted on world developments. Peskin and Wehrle discuss how the nature of this influence—whether economic, cultural, or military—fluctuated in each period. They demonstrate how technology and disease enabled Europeans to subjugate the New World, how colonial American products transformed Europe and Africa, and how post-revolutionary American ideas helped foment revolutions in Europe and elsewhere. Next, the authors explore the American rise to global economic and military superpower—and how the accumulated might of the United States alienated many people around the world and bred dissent at home. During the civil rights movement, America borrowed much from the world as it sought to address the crippling "social questions" of the day at the same time that Americans—especially African Americans—offered a global model for change as the country strove to address social, racial, and gender inequality. Lively and accessible, America and the World draws on the most recent scholarship to provide a historical introduction to one of today's vital and misunderstood issues.

A Patriot's History of the United States

From Columbus's Great Discovery to America's Age of Entitlement
Author: Larry Schweikart,Michael Allen
Publisher: N.A
ISBN: 1595231153
Category: History
Page: 981
View: 1293

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The revised, 10th anniversary edition of the #1 New York Times bestseller Over the past decade, A Patriot's History of the United States has become the definitive conservative history of our country, correcting the biases of historians and other intellectuals who downplay the greatness of America's patriots. Professors Schweikart and Allen have now revised, updated, and expanded their book, which covers America's long history with an appreciation for the values that made this nation uniquely successful.

Full Employment in Europe

Managing Labour Market Transitions and Risks
Author: Günther Schmid
Publisher: Edward Elgar Publishing
ISBN: 1848441479
Category: Political Science
Page: 385
View: 2431

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The book is without doubt a must-read reflection on the notion of full employment and a source of inspiration for the establishing of the knowledge-based economy that is such an aspiration for Europeans. Thomas Bauwens, Agence Europe Every book by Günther Schmid is an event. This one illuminates the current European policy debate on flexicurity . It gives fresh analyses of the comparative employment performances of the EU and the USA, and proposes a path-breaking framework for understanding and improving them. Pragmatic and provocative, Schmid s contribution should be a must for researchers, but also for HR managers, social partners representatives and policymakers interested in the present and future of work and employment. Bernard Gazier, University Paris 1 and a Member of the Institut Universitaire de France Transitional Labour Markets (TLM) defined as legitimate, negotiated and politically supported sets of various employment options in critical events over the life course are an essential ingredient of modern full employment strategies. After assessing the European Employment Strategy, this book offers a detailed comparative analysis of employment performance for selected European member states and the United States. It suggests that successful employment systems arise from a new paradigm of flexibility and security ( flexicurity ) the balance of which varies according to countries institutional paths. Whilst there is no best practice , TLM theory does provide normative and analytical principles that can be generalised for various institutional settings. The book also provides good practice examples for managing critical transitions over the life course from education to employment, from one job to another, from unemployment to employment, from private activities to gainful work and from employment to retirement and develops the contours for extending unemployment insurance to work life insurance. With a fresh and new approach to the question of full employment in modern society, this book will appeal to academic scholars interested in labour market and employment policies, and policy decision makers at local, regional, national and European levels.

Confronting Dogmatism in Gifted Education


Author: Don Ambrose,Robert Sternberg,IBM Professor of Psychology and Education Robert J Sternberg, PhD PhD,Bharath Sriraman
Publisher: Routledge
ISBN: 1136674675
Category: Education
Page: 244
View: 881

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This title looks at the dogmatism that limits the perspectives of professionals, policymakers, and other stakeholders in gifted education. In a field where concepts and definitions surrounding high ability have been contested for many years, there is increasing interest in clarifying these notions today. This book offers such clarity, searching outside of the predominant conceptual frameworks that dominate thinking about giftedness and talent, and examining ways in which this conceptual fog stunts and warps the development of gifted minds and limits the effectiveness of curriculum development and instruction. The book directly addresses the connection between dogmatism and high ability, exploring ways in which otherwise bright individuals can make unintelligent decisions. Each contributor in this edited collection connects educational theory with teaching practice, examining the impact of policies such as No Child Left Behind. The chapters also explore the ways in which economic, cultural, and academic contexts affect both the gifted mind and education of the highly able in America and the rest of the world, while making recommendations for positive changes that can be enacted within gifted education in the future.

Age of Icons

Exploring Philanthrocapitalism in the Contemporary World
Author: Gavin Fridell,Martijn Konings
Publisher: University of Toronto Press
ISBN: 1442696230
Category: Political Science
Page: 224
View: 665

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Celebrities are increasingly front and centre in public debates on everything from solving world poverty to halting genocide, confronting obesity, and finding spiritual contentment. Bono, Bill Gates, Al Gore, Bob Geldof, Oprah, Madonna, and Angelina Jolie are just some of the entertainers, politicians, pundits, elite business people, and policy-makers whose highly visible political activism has become an integral part of their public personas. These pop icons tend to be celebrated as “philanthrocapitalists” with a unique ability to remedy the world’s problems. However, as Age of Icons demonstrates, the solutions these icons promote for addressing global injustice, when examined critically, can be seen to work through the very same institutions that create these problems in the first place. This volume assesses the growing role of popular icons in the construction of a culture that appears to incorporate a critical attitude towards the capitalist experience while, in fact, legitimizing the neoliberal character of the modern world. It will be an eye-opening read for anyone interested in the juncture between current events and celebrity culture.

The '90s

The Inside Stories from the Decade That Rocked
Author: The Editors of Rolling Stone
Publisher: Harper Collins
ISBN: 0061779202
Category: Music
Page: 320
View: 3864

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At no time since the rock & roll explosion of the 1960s did music matter more than in the 1990s—the decade of grunge, gangsta rap and Britney Spears. The Nineties might have kicked off with Vanilla Ice, but music changed forever the following year when Nirvana's "Smells Like Teen Spirit" exploded onto the airwaves, giving birth to the alternative nation. The decade spawned dozens of new stars (Pearl Jam, Eminem, Dave Matthews, Christina Aguilera and Jay-Z among them); top artists from U2 to Madonna made their most adventurous records; and hip-hop icons Tupac Shakur and Biggie Smalls met violent ends. Rolling Stone was there to tell all those stories and more—and The '90s collects the best of them: the last major interview with Kurt Cobain, conducted by David Fricke three months before the Nirvana singer took his life in 1994; Jonathan Gold's 1993 trip to Compton to check in with Snoop Dogg and Dr. Dre; Carrie Fisher's intimate one-on-one with Madonna following her 1991 film, Truth or Dare; Kim Neely partying with a riot-starting Guns n' Roses in 1991; Anthony Bozza riding along with an Ecstasy-gobbling Eminem in 1999; and, that same year, Steven Daly's visit to the bedroom of a teenage Britney Spears. Packed with over fifty stories, portraits by the biggest names in photography including Mark Seliger, David LaChapelle and Steven Meisel, and a guide to the decade's hundred greatest albums, The '90s is a definitive look back at the decade that rocked.

Butterfly Economics

A New General Theory of Social and Economic Behavior
Author: Paul Ormerod
Publisher: Pantheon
ISBN: 0307819418
Category: Social Science
Page: 240
View: 5013

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Why did VHS, an inferior video recording technology, succeed in the marketplace, driving the superior Betamax out of business? Why do big-budget, acclaimed movies sometimes flop at the box office, while low-budget, idiosyncratic films become huge hits? The answers to these questions, says Paul Omerod, remind us that economics is a science based on the workings of human society, as unpredictable an entity as there is. "Conventional economics is mistaken," claimes Omerod, "when it views the economy as a machine, whose behavior, no matter how complicated, is ultimately predictable and controllable." In this cogently and elegantly argued analysis of why human beings persist in engaging in behavior that defies time-honored economic theory, Omerod also explains why governments and industries throughout the world must completely reconfigure their traditional methods of economic forecasting if they are to succeed and prosper in an increasingly global marketplace.