The Roaring Nineties

Why We're Paying the Price for the Greediest Decade in History
Author: Joseph Stiglitz
Publisher: Penguin UK
ISBN: 014198273X
Category: Business & Economics
Page: 432
View: 1344

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From the author of Globalization and its Discontents, Joseph Stiglitz's The Roaring Nineties: Why We're Paying the Price for the Greediest Decade in History blows the whistle on the devastation wrought by the free market mania of the nineties. This is the explosive story of how capitalism US-style got its comeuppance: how excessive deregulation, government pandering to big business and exorbitant CEO salaries all fed the bubble that burst so dramatically amid corporate scandal and anti-globalization protest. As chief economic advisor to the president at the time, Stiglitz exposes the inside of what went wrong, but also reveals how Bush's administration is now making things worse - much worse - for the economy, the US and the rest of the world. Stiglitz takes us one step further, showing how a more balanced approach to the market and government can lead not only to a better economy, but a better society. 'A searing critique of Dubyanomics ... the nobel laureate who took on the IMF is now turning his guns on the American president. Stiglitz knows when to pick a fight' Observer 'One of the most important economic and political thinkers of our time' Independent on Sunday 'Stiglitz has become a hero to the anti-globalization movement' Economist 'An iconic figure ... Stiglitz's book will encourage those who wish to halt the partial Americanization that has already taken place in Europe' Daily Telegraph Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs, Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize for Economics in 2001 and is the author of the best-selling Globalization and Its Discontents, Making Globalization Work, Freefall and The Price of Inequality, all published by Penguin.

Globalization

A Short History of the Modern World
Author: W. Nester
Publisher: Springer
ISBN: 0230117384
Category: Political Science
Page: 181
View: 3265

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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 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: 2085

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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.

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: 7038

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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.

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: 8758

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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

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: 9852

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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.

America and the World

Culture, Commerce, Conflict
Author: Lawrence A. Peskin,Edmund F. Wehrle
Publisher: JHU Press
ISBN: 1421402963
Category: History
Page: 302
View: 6281

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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.

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: 9801

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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: 2069

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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.

Current Developments in Monetary and Financial Law


Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451929005
Category: Business & Economics
Page: 864
View: 7391

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The Legal Department and the Institute of the IMF held their ninth biennial seminar for legal advisors of IMF member countries’ central banks, and the papers published in this volume are based on presentations made by officials attending this seminar. The seminar covered a broad range of topics, including sovereign debt restructuring, money laundering and the financing of terrorism, financial system and banking supervision, conflicts of interest and market discipline in the financial sector, insolvency, and other issues related to central banking.

Business Leaders and New Varieties of Capitalism in Post-Communist Europe


Author: Katharina Bluhm,Bernd Martens,Vera Trappmann
Publisher: Routledge
ISBN: 1136023445
Category: Social Science
Page: 256
View: 8990

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Business leaders exert extraordinary influence on institution building in market economies but they think and act within institutional settings. This book combines both an elite approach with a varieties-of-capitalism approach. Comparing Poland, Hungary and East and West Germany, we perceive the transformations in East Central Europe and in Germany after 1989 as being intertwined. Based on a joint survey, this book seeks to measure the level of the convergence of ideas among European business leaders, assuming it to be more extensive than the institutional convergence expected under the dominance of neoliberal discourse. Analyzing the institutional framework, organizational features like size, ownership and labour relations, and subjective characteristics like age, social origin, career patterns and attitudes of the recent business elites, we found significant differences between countries and the types of organization. The growing importance of economic degrees and internationalization shows astonishingly little explanatory power on the views of business leaders. The idea of a coordinated market economy is still relatively widespread among Germans, while their Hungarian and Polish counterparts are more likely to display a minimalist view of corporate responsibility to society and adverse attitudes towards employee representation. However, their attitudes frequently tend to be inconsistent, which mirrors the mixed type of capitalism in East Central Europe.

The Stiglitz Report

Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis
Author: Joseph Stiglitz
Publisher: The New Press
ISBN: 1595585915
Category: Business & Economics
Page: 240
View: 3985

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The fact that our global economy is broken may be widely accepted, but what precisely needs to be fixed has become the subject of enormous controversy. In 2008, the president of the United Nations General Assembly convened an international panel, chaired by Nobel Prize–winning economist Joseph Stiglitz and including twenty leading international experts on the international monetary system, to address this crucial issue. The Stiglitz Report, released by the committee in late 2009, sees the recent financial crisis as the latest and most damaging of several concurrent crises—of food, water, energy, and sustainability—that are tightly interrelated. The analysis and recommendations in the report cover the gamut from short-term mitigation to deep structural changes, from crisis response to reform of the global, economic, and financial architecture. The report establishes a bold agenda for policy change, that is sure to be the gold standard for understanding and contending with the international economy for many years to come. The Stiglitz Report is essential reading for anyone concerned about a secure and prosperous world.

Die Chancen der Globalisierung


Author: Joseph Stiglitz
Publisher: Siedler Verlag
ISBN: 3641051304
Category: Business & Economics
Page: 448
View: 6692

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Wir wissen, was an der Globalisierung faul ist. Joseph Stiglitz sagt uns, wie sie funktionieren kann. Der Nobelpreisträger Joseph Stiglitz kehrt mit diesem Buch zurück zu den Fragen seines Bestsellers »Die Schatten der Globalisierung«. Er untersucht, welche Veränderungen die Weltwirtschaftsordnung in den letzten Jahren erlebt hat und erläutert die großen politischen Herausforderungen, vor denen wir heute stehen. Vor allem entwickelt er seine Vision einer gerechteren Zukunft und zeigt konkrete Wege aus der Globalisierungsfalle auf. Der weltweite Wohlstand nimmt infolge der Globalisierung zwar insgesamt zu, doch auch das Gefälle zwischen Reich und Arm wird immer größer. Seitdem Stiglitz mit seinem Bestseller „Die Schatten der Globalisierung“ für Furore sorgte, hat sich das Bewusstsein für dieses Ungleichgewicht und für die Gefahren sozialer Ungerechtigkeit geschärft. Doch den zahlreichen Bekenntnissen für eine gerechtere Welt müssen nun politische Taten folgen. An diesem Punkt setzt das neue Buch des Wirtschaftsnobelpreisträgers an. Auf der Grundlage seiner wissenschaftlichen Forschung und seiner Erfahrungen in der politischen Praxis zeigt Stiglitz, wie die Chancen für positive Veränderungen, die in der fortschreitenden Globalisierung liegen, genutzt werden können. Dabei spricht er zahlreiche Themen an, die uns in Europa, in den USA aber auch in den sich entwickelnden Ländern auf den Nägeln brennen. Ob es um weltweites Outsourcing geht oder um Energieprobleme, die notwenige Reform des weltweiten Währungssystems oder die Kontrolle transnationaler Konzerne – stets behält Stiglitz das Machbare im Auge. Joseph Stiglitz ist Nobelpreisträger und auch hierzulande ein gefragter Autor.

Mismeasuring Our Lives

Why GDP Doesn't Add Up
Author: Joseph Stiglitz,Amartya Sen,Jean-Paul Fitoussi
Publisher: The New Press
ISBN: 1595585923
Category: Business & Economics
Page: 176
View: 8002

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In February of 2008, amid the looming global financial crisis, President Nicolas Sarkozy of France asked Nobel Prize–winning economists Joseph Stiglitz and Amartya Sen, along with the distinguished French economist Jean Paul Fitoussi, to establish a commission of leading economists to study whether Gross Domestic Product (GDP)—the most widely used measure of economic activity—is a reliable indicator of economic and social progress. The Commission was given the further task of laying out an agenda for developing better measures. Mismeasuring Our Lives is the result of this major intellectual effort, one with pressing relevance for anyone engaged in assessing how and whether our economy is serving the needs of our society. The authors offer a sweeping assessment of the limits of GDP as a measurement of the well-being of societies—considering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is increasing); and does not factor environmental impacts into economic decisions. In place of GDP, Mismeasuring Our Lives introduces a bold new array of concepts, from sustainable measures of economic welfare, to measures of savings and wealth, to a “green GDP.” At a time when policymakers worldwide are grappling with unprecedented global financial and environmental issues, here is an essential guide to measuring the things that matter.

The Great Credit Crash


Author: Martijn Konings
Publisher: Verso Books
ISBN: N.A
Category: Business & Economics
Page: 398
View: 8374

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The dominant accounts of the current financial crisis--focussing on the lack of regulation, out-of-control markets and irresponsible speculation--have not offered us much beyond the kind of information that we can glean from newspaper headlines. This book, drawing on some of the most prominent radical analysts of the system, from Walden Bello to Barbara Ehrenreich, digs deeper, foregrounding the key questions that are still waiting to be asked. Viewing the crisis as a product of the social order that was built during the era of neoliberal capitalism, it presents a more complete and convincing account of its origins, development and consequences. The contributors assess current events and political responses, critically examining official rhetoric and hegemonic narratives to point the way to an understanding of the crisis beyond the subprime headlines. Contributors: Walden Bello • Dick Bryan • Gary Dymski • Barbara Ehrenreich • Sam Gindin • Peter Gowan • Michael Hudson • James Livingston • Scott MacWilliam • Johnna Montgomerie • Anastasia Nesvetailova • Ronen Palan • Leo Panitch • Nomi Prins • Mike Rafferty • Susanne Soederberg • Henry Veltmeyer

Whither Socialism?


Author: Joseph E. Stiglitz
Publisher: MIT Press
ISBN: 9780262691826
Category: Business & Economics
Page: 338
View: 4539

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This book expands on the Wicksell Lectures presented at the Stockholm School of Economics in April 1990. Includes bibliographical references (p. [307]-323) and index.