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: 9371

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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that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated.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.

New World Coming

The 1920s and the Making of Modern America
Author: Nathan Miller
Publisher: Simon and Schuster
ISBN: 9781439131046
Category: History
Page: 448
View: 7506

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"To an astonishing extent, the 1920s resemble our own era, at the turn of the twenty-first century; in many ways that decade was a precursor of modern excesses....Much of what we consider contemporary actually began in the Twenties." -- from the Introduction The images of the 1920s have been indelibly imprinted on the American imagination: jazz, bootleggers, flappers, talkies, the Model T Ford, Babe Ruth, Charles Lindbergh's history-making flight over the Atlantic. But it was also the era of the hard-won vote for women, racial injustice, censorship, widespread social conflict, and the birth of organized crime. Bookended by the easy living of the Jazz Age, when the booze and money flowed seemingly without end, and the crash of '29 that led to breadlines and a level of human suffering not seen since World War I, New World Coming is a lively, entertaining, and all-encompassing chronological account of an age that defined America. Chronicling what he views as the most consequential decade of the past century, Nathan Miller -- an award-winning journalist and five-time Pulitzer nominee -- paints a vivid portrait of the 1920s, focusing on the men and women who shaped that extraordinary time, including, ironically, three of America's most conservative presidents: Harding, Coolidge, and Hoover. In the Twenties, the American people soared higher and fell lower than they ever had before. As unprecedented economic prosperity and sweeping social change dazzled the public, the sensibilities and restrictions of the nineteenth century vanished, and many of the institutions, ideas, and preoccupations of our own age emerged. With scandal, sex, and crime the lifeblood of the tabloids, the contemporary culture of celebrity and sensationalism took root and journalism became popular entertainment. By discarding Victorian idealism and embracing twentieth-century skepticism, America became, for the first time, thoroughly modernized. There is hardly a dimension of our present world, from government to popular culture, that doesn't trace its roots to the 1920s, and few decades are more intriguing or significant today. The first comprehensive view of the era since Only Yesterday, Frederick Lewis Allen's 1931 classic, New World Coming reveals this remarkable age from the vantage point of nearly a century later. It's all here -- the images and the icons, the celebrities and the legends -- in a book that will resonate with history readers, 1920s aficionados, and Americans everywhere.

New Developments in Analysis of Market Structure

International Conference Proceedings
Author: Joseph E. Stiglitz,G.Frank Mathewson
Publisher: Springer
ISBN: 1349180580
Category: Business & Economics
Page: 564
View: 7779

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These contributions discuss a number of important developments over the past decade in a newly established and important field of economics that have led to notable changes in views on governmental competition policies.

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: 314

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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.

The Three Trillion Dollar War: The True Cost of the Iraq Conflict


Author: Linda J. Bilmes,Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393068080
Category: History
Page: 336
View: 3746

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The true cost of the Iraq War is $3 trillion—and counting—rather than the $50 billion projected by the White House. Apart from its tragic human toll, the Iraq War will be staggeringly expensive in financial terms. This sobering study by Nobel Prize winner Joseph E. Stiglitz and Harvard professor Linda J. Bilmes casts a spotlight on expense items that have been hidden from the U.S. taxpayer, including not only big-ticket items like replacing military equipment (being used up at six times the peacetime rate) but also the cost of caring for thousands of wounded veterans—for the rest of their lives. Shifting to a global focus, the authors investigate the cost in lives and economic damage within Iraq and the region. Finally, with the chilling precision of an actuary, the authors measure what the U.S. taxpayer's money would have produced if instead it had been invested in the further growth of the U.S. economy. Written in language as simple as the details are disturbing, this book will forever change the way we think about the war.

Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity


Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393254062
Category: Business & Economics
Page: 256
View: 8710

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It’s time to rewrite the rules—to curb the runaway flow of wealth to the top one percent, to restore security and opportunity for the middle class, and to foster stronger growth rooted in broadly shared prosperity. Inequality is a choice. The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story—the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing, and health care—essential ingredients for individual success—are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of color, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future. Some economists claim that today’s bleak conditions are inevitable consequences of market outcomes, globalization, and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

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: 7106

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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.

Capital and Language

From the New Economy to the War Economy
Author: Christian Marazzi
Publisher: Semiotext
ISBN: 9781584350675
Category: Business & Economics
Page: 165
View: 5222

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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.

The Roaring 2000'S

Building the Wealth and Lifestyle You Desire in the Greatest Boom in History
Author: Harry S. Dent
Publisher: Simon and Schuster
ISBN: 068486732X
Category: Business & Economics
Page: 320
View: 9832

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In his bestselling book, The Great Boom Ahead, published in 1993, Harry Dent, one of the world's most prescient economic prognosticators, stood practically alone in forecasting a new age of prosperity emerging in the 1990s and extending into the new century. Dent foresaw a booming stock market, falling mortgage rates, and the resurgence of America as the premier global economic superpower. All of his predictions have come to fruition. Now, in The Roaring 2000s, Dent focuses his visionary eye on the full spectrum of changes that will follow in the wake of the burgeoning turn-of-the-century economy. According to Dent, how and where we work and live is about to change more drastically than at any time in our history due to the convergence of the mainstreaming of the Internet and other technologies and the peak spending years of the aging baby boomers. This will result in nothing less than the greatest boom in history and an unprecedented opportunity for investors and entrepreneurs, great buys in real estate, and a wealth of high-quality lifestyle choices for the savvy people who anticipate these changes. We will we such rapid and exciting change as we have not seen since the dizzying pace of the productivity revolution unleashed by the assembly line in the Roaring Twenties. Dent not only offers detailed investment strategies aimed at exploiting the coming boom for the next fifteen years but he also explains future trends in the job market, technology, demographics, and real estate. He foresees the next great population migration and explores the radically different business and organizational structures that will be the offspring of the Information Age. At the crux of these changes is the fundamental shift to a new network model wherein front-line human "browsers" focus on intimately understanding the needs of a unique segment of customers and coordinate the products or expertise of specialized back-line human "servers" to customize solutions. With new research tools applied to the trends that have developed within the last few years, The Roaring 2000s reveals concrete predictions and indepth insights into the next decade, including: A Dow that continues to soar and will eventually reach at least 21,500, and possibly 35,000, by the year 2008 The importance of "gazelles," small- to medium-sized, high-growth companies, which today are creating most of of the jobs in this country The rapid future economic development in countries in die Far East, South America, and Eastern Europe, and select areas of Africa, and what that means for investment, employment, and business growth opportunities now The Roaring 2000s also describes the lifestyle changes these developments will inspire, including: The New American Deam -- why changing techologies could mean a return to small-town living and which nine types of boomtowns will offer the highest quality of life in the decades ahead Investment strategies that will help readers get the most out of a rapidly changing world It is essential, Dent explains, to understand the magnitude and nature of the forces changing our economy and lifestyles in order to take advantage of the invaluable, emerging opportunities for significantly improving ones quality of life. The Roaring 2000s is a necessary guidebook to the not-so-distant future.

Keynes's General Theory for Today

Contemporary Perspectives
Author: Jesper Jespersen,Mogens Ove Madsen
Publisher: Edward Elgar Publishing
ISBN: 178100952X
Category: Biography & Autobiography
Page: 256
View: 1646

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ÔAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of KeynesÕs great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which KeynesÕs methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.Õ Ð Sheila Dow, University of Stirling, UK ÔThis book celebrates the 75th anniversary of KeynesÕs General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today Ð and tomorrow.Õ Ð Victoria Chick, University College London, UK ÔKeynesÕs General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to todayÕs happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of KeynesÕs revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.Õ Ð G.C. Harcourt, University of New South Wales, Australia The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard. Illustrating new ways of understanding the importance of uncertainty in macroeconomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroeconomics, heterodox economics, and the methodology and history of economic thought.

Butterfly Economics

A New General Theory of Social and Economic Behavior
Author: Paul Ormerod
Publisher: Pantheon
ISBN: 0307819418
Category: Social Science
Page: 240
View: 432

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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.

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: 5492

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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.

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: 6849

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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.

The Naughty Nineties

The Triumph of the American Libido
Author: David Friend
Publisher: Twelve
ISBN: 1455567558
Category: History
Page: 608
View: 4015

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A sexual history of the 1990s when the Baby Boomers took over Washington, Hollywood, and Madison Avenue. A definitive look at the captains of the culture wars -- and an indispensable road map for understanding how we got to the Trump Teens. THE NAUGHTY NINETIES: The Triumph of the American Libido examines the scandal-strafed decade when our public and private lives began to blur due to the rise of the web, reality television, and the wholesale tabloidization of pop culture. In this comprehensive and often hilarious time capsule, David Friend combines detailed reporting with first-person accounts from many of the decade's singular personalities, from Anita Hill to Monica Lewinsky, Lorena Bobbitt to Heidi Fleiss, Alan Cumming to Joan Rivers, Jesse Jackson to key members of the Clinton, Dole, and Bush teams. THE NAUGHTY NINETIES also uncovers unsung sexual pioneers, from the enterprising sisters who dreamed up the Brazilian bikini wax to the scientists who, quite by accident, discovered Viagra.

Environment and Statecraft : The Strategy of Environmental Treaty-Making

The Strategy of Environmental Treaty-Making
Author: Scott Barrett
Publisher: OUP Oxford
ISBN: 9780191531446
Category:
Page: 446
View: 2874

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Environmental problems like global climate change and stratospheric ozone depletion can only be remedied if states cooperate with one another. But sovereign states usually care only about their own interests. So states must somehow restructure the incentives to make cooperation pay. This is what treaties are meant to do. A few treaties, such as the Montreal Protocol on Substances that Deplete the Ozone Layer, succeed. Most, however, fail to alter the state behaviour appreciably. This book develops a theory that explains both the successes and the failures. In particular, the book explains when treaties are needed, why some work better than others, and how treaty design can be improved. The best treaties strategically manipulate the incentives states have to exploit the environment, and the theory developed in this book shows how treaties can do this. The theory integrates a number of disciplines, including economics, political science, international law, negotiation analysis, and game theory. It also offers a coherent and consistent approach. The essential assumption is that treaties be self-enforcing-that is, individually rational, collectively rational, and fair. The book applies the theory to a number of environmental problems. It provides information on more than three hundred treaties, and analyses a number of case studies in detail. These include depletion of the ozone layer, whaling, pollution of the Rhine, acid rain, over-fishing, pollution of the oceans, and global climate change. The essential lesson of the book is that treaties should not just tell countries what to do. Treaties must make it in the interests of countries to behave differently. That is, they must restructure the underlying game. Most importantly, they must create incentives for states to participate in a treaty and for parties to comply.

A Patriot's History of the United States

From Columbus's Great Discovery to America's Age of Entitlement, Revised Edition
Author: Larry Schweikart,Michael Patrick Allen
Publisher: Penguin
ISBN: 0698173635
Category: History
Page: 1008
View: 9100

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For the past three decades, many history professors have allowed their biases to distort the way America’s past is taught. These intellectuals have searched for instances of racism, sexism, and bigotry in our history while downplaying the greatness of America’s patriots and the achievements of “dead white men.” As a result, more emphasis is placed on Harriet Tubman than on George Washington; more about the internment of Japanese Americans during World War II than about D-Day or Iwo Jima; more on the dangers we faced from Joseph McCarthy than those we faced from Josef Stalin. A Patriot’s History of the United States corrects those doctrinaire biases. In this groundbreaking book, America’s discovery, founding, and development are reexamined with an appreciation for the elements of public virtue, personal liberty, and private property that make this nation uniquely successful. This book offers a long-overdue acknowledgment of America’s true and proud history. From the Trade Paperback edition.

The Roaring Nineties

Seeds of Destruction
Author: Joseph E. Stiglitz
Publisher: Allan Lane
ISBN: 9780713997224
Category: Business cycles
Page: 389
View: 2430

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The 1990s promised prosperity for the world: a new ara of unprecedented economic growth, with capitalism American-style reigning supreme. So where did it all go wrong? As Chairman of Clinton's Council of Economic Advisors and Chief Economist at the World Bank, Joseph Stiglitz was uniquely placed to watch first-hand as the nineties unfolded. This definitive, shocking insider's account reveals the truth about that extraordinary decade of boom-and-bust. The Roaring Nineties claims that much of what we understand about the decade's prosperity is in fact wrong - that it was the US's mistaken economic policies of the time that paved the way for worldwide recession. Yes, jobs were created, technology prospered, productivity rose, inflation fell and new markets opened up everywhere. But at the same time the seeds were sown for the economic problems we face today.

Inevitable Surprises


Author: Peter Schwartz
Publisher: Penguin
ISBN: 1101216557
Category: Business & Economics
Page: 272
View: 5422

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The world we live in today is more volatile than ever. The security of free nations is threatened by rogue states, the global economy is in flux, and the rapid advance of technology forces constant reevaluation of our society. With so many powerful forces at work and seemingly unpredictable events occurring, to many the future seems dark, and its possibilities frightening. Peter Schwartz disagrees. A world-renowned visionary in the field of scenario planning, Schwartz’s startling—and accurate— predictions have been employed by government agencies and major corporations for more than twenty-five years. He argues that the future is foreseeable, and that by examining the dynamics at work today we can predict the “inevitable surprises” of tomorrow. Timely and thought-provoking, Inevitable Surprises is a book that no one with an interest in business—or the future of our society—can afford to miss.

Wall Street

A History, Updated Edition
Author: Charles R. Geisst
Publisher: Oxford University Press
ISBN: 0195396219
Category: Business & Economics
Page: 528
View: 7651

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An economic historian presents the first, wide-ranging chronicle of the rise of Wall Street, tracing how the Street fueled the development of the U.S. into a world economic power and how it was increasingly subjected to government involvement. UP.

Economics in Perspective

A Critical History
Author: John Kenneth Galbraith
Publisher: Princeton University Press
ISBN: 1400889073
Category: Business & Economics
Page: 384
View: 7070

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In Economics in Perspective, renowned economist John Kenneth Galbraith presents a compelling and accessible history of economic ideas, from Aristotle through the twentieth century. Examining theories of the past that have a continuing modern resonance, he shows that economics is not a timeless, objective science, but is continually evolving as it is shaped by specific times and places. From Adam Smith's theories during the Industrial Revolution to those of John Maynard Keynes after the Great Depression, Galbraith demonstrates that if economic ideas are to remain relevant, they must continually adapt to the world they inhabit. A lively examination of economic thought in historical context, Economics in Perspective shows how the field has evolved across the centuries.