Download or read book Demand Side Economics Demand Side Minds written by Alan Harvey and published by Createspace Independent Publishing Platform. This book was released on 2012-07-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is an economics that works, that rescued the nation from the depths of the Great Depression, that organized the mobilization of World War II, that executed a successful transition from war to peace, that built the peace into prosperity, that explained the instability and decline, and that predicted the Great Financial Crisis. This economics was abandoned, partly for the benefit of a corporate oligarchy which now controls public policy. This economics now points the way out of stagnation and uncertainty, and it embraces the challenges of world poverty and global climate change. This is the economics of John Maynard Keynes and the new Deal. Demand Side Economics draws the history and explains the thinking of nine great economists. This is a cogent treatment of complex events and concepts that will lead the reader to an understanding of what happened and why. The policy answers it projects are 180 degrees from the austerity, small government and bail-outs for the few that is the current path. Massive private debt has conspired with an orthodox economics that literally ignores that debt to put the world in a financial vise. Public policy is controlled by those who must save an architecture that cannot be saved. Markets have become casinos, with chips provided by central banks, whose players keep the winnings, but shift any losses onto the taxpayer. The foundations of sturdy, stable growth are ignored or abandoned to the detriment of all. Public goods, the Commons, the long-term survival of the planet, and the needs of the world's poor are not costs which must be minimized, but opportunities to create value and organize recovery. It is ignoring the great challenges that is truly unaffordable History, theory, evidence, presented clearly for the reader's own conclusions. We present John Maynard Keynes, the godfather of macoeconomics and Demand Side economics; Leon Keyserling, representing the New Deal and the successful transition from war to prosperity under Harry Truman John Kenneth Galbraith, with his unapologetic look at the character of affluence and the rise of the corporation; Hyman Minsky, exploring his financial instability hypothesis, the main line of Keynes into Finance; Joseph Stiglitz, looking at the cruel hoax of free market capitalism foisted on the developing world; James K. Galbraith, bringing insight into the capture of government by the corporation; George Soros, explaining how markets really work; Steve Keen, developing Minsky and Keynes into compelling economic models that actually predict real outcomes; Nouriel Roubini, taking apart the European debt and banking crisis, and presaging the trouble to come. The book suggest that central bankers do not understand how money is created. Market-first economists imagine an economy that does not exist. General equilibrium forecasters propose an invisible hand that does not exist. Elaborate mathematical expressions of the workings of the economy - "models" - present an elegant description, but of an entirely hypo¬thetical world. Whole schools of economic thought, scores of careers, thousands of academic papers and texts have been built on patently false assumptions. Models commonly used to predict, even in the aftermath of a financial crisis born in the banking system, do not include a banking sector. Massive private debt is ignored, while at the same time the public sector - government - is excoriated for somehow slipping back through time to be the cause of the financial crisis. Jobs, physical and social infrastructure, and preparation for a looming climate crisis are all deemed too expensive to buy directly. This is exactly wrong. The first error of orthodox economics is that the economy is constrained by resources. It is constrained by demand. Direct spending on these critical needs is the route out of this Second Depression. Substantial, disciplined, public demand can right the economy for all sectors, and for our collective future.
Download or read book The Economy in Mind written by Warren T. Brookes and published by Universe Publishing(NY). This book was released on 1982 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomics written by Wendy Carlin and published by Oxford University Press. This book was released on 2024-01-29 with total page 1019 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the cutting edge of the subject area, the authors bring the macroeconomics that researchers and policymakers use today into focus. By developing a coherent set of tractable models, the book enables students to explore and make sense of the pressing questions facing global economies.Carlin and Soskice connect students with contemporary research and policy in macroeconomics. The authors' 3-equation model - extended to include the financial system and with an integrated treatment of inequality - equips students with a method they can apply to the enduring challenges stirred by the financial crisis and the Great Recession.Key features* Engaged with the latest developments in macroeconomic research, policy, and debate, the authors make the cutting edge accessible to undergraduate readers* The theme of inequality is integrated throughout in modelling and applications, with incomplete contracts in labour and credit markets underpinning the presence of involuntary unemployment and credit constraints* The content distils business cycles into a 3-equation model of the demand side, the supply side, and the policy maker, providing a realistic and transparent model which students can deploy to address the questions that interest them* Open economy modelling for both flexible and fixed exchange rate regimes builds on the same foundations and handles oil and climate shocks, as well as the Eurozone crisis* Features thorough treatment of the financial system and how to integrate the financial and business cycles, including coverage on policy design and implementation for financial stability in the wake of the 2008-9 financial crisis and an exploration of hysteresis in the context of the Great Recession* Comprehensive coverage of monetary policy including the ample reserves regime and of fiscal policy and debt dynamics* Unified treatment of exogenous and endogenous growth models emphasizing the different mechanisms through which diminishing returns to capital can be offset, while Chapter 17 on the ICT revolution examines the implications of innovation and technological change on the future of work and inequality* Contains a chapter considering contemporary quantitative macroeconomics research - including the Heterogeneous Agent New Keynesian (HANK) model - exposing students to the tools that researchers currently use, as well as the benefits and limitations of these methods* End-of-chapter 'Checklist questions' enable students to assess their comprehension, while 'Problems' prompt students to apply independent critical thought* Also available as an e-book enhanced with access to The Macroeconomic Simulator, Animated Analytical Diagrams, and self-assessment activities enabling students to recap content and investigate how models work at their own paceDigital formats and resourcesThis title is available for students and institutions to purchase in a variety of formats and is supported by online resources.The e-book offers a mobile experience and convenient access along with self-assessment activities, multi-media content, and links that offer extra learning support. For more information visit:www.oxfordtextbooks.co.uk/ebooks/This title is supported by a range of online resource for students including multiple-choice-questions with instant feedback, interactive Animated Analytical Diagrams, access to The Macroeconomic Simulator, web appendices which develop chapters 1, 4, 7, and 18, In addition, lecturers can access PowerPoint slides to accompany each chapter and answers to the problems and questions set in the book.
Download or read book General Theory Of Employment Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
Download or read book Evil Geniuses written by Kurt Andersen and published by Random House. This book was released on 2020-08-11 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • When did America give up on fairness? The author of Fantasyland tells the epic history of how America decided that big business gets whatever it wants, only the rich get richer, and nothing should ever change—and charts a way back to the future. “Essential, absorbing . . . a graceful, authoritative guide . . . a radicalized moderate’s moderate case for radical change.”—The New York Times Book Review During the twentieth century, America managed to make its economic and social systems both more and more fair and more and more prosperous. A huge, secure, and contented middle class emerged. All boats rose together. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right-wing zealots, the rules and norms that made the American middle class possible were undermined and dismantled. The clock was turned back on a century of economic progress, making greed good, workers powerless, and the market all-powerful while weaponizing nostalgia, lifting up an oligarchy that served only its own interests, and leaving the huge majority of Americans with dwindling economic prospects and hope. Why and how did America take such a wrong turn? In this deeply researched and brilliantly woven cultural, economic, and political chronicle, Kurt Andersen offers a fresh, provocative, and eye-opening history of America’s undoing, naming names, showing receipts, and unsparingly assigning blame—to the radical right in economics and the law, the high priests of high finance, a complacent and complicit Establishment, and liberal “useful idiots,” among whom he includes himself. Only a writer with Andersen’s crackling energy, deep insight, and ability to connect disparate dots and see complex systems with clarity could make such a book both intellectually formidable and vastly entertaining. And only a writer of Andersen’s vision could reckon with our current high-stakes inflection point, and show the way out of this man-made disaster.
Download or read book Supply Side Follies written by Robert Atkinson and published by Rowman & Littlefield. This book was released on 2007-10-29 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply-Side Follies methodically debunks the common assumptions of conservative economics and demonstrates why it is a 'flawed doctrine' that is setting up the U.S. for a major economic downturn in the near future.
Download or read book Principles of Conflict Economics written by Charles H. Anderton and published by Cambridge University Press. This book was released on 2019-04-25 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides comprehensive, up-to-date coverage of the key themes and principles of conflict economics.
Download or read book Say s Law written by Thomas Sowell and published by Princeton University Press. This book was released on 2015-03-08 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Say's Law—the idea that "supply creates its own demand"—has been a basic concept in economics for almost two centuries. Thomas Sowell traces its evolution as it emerged from successive controversies, particularly two of the most bitter and long lasting in the history of the discipline, the "general glut controversy" that reached a peak in the 1820s, and the Keynesian Revolution of the 1930s. These controversies not only involved almost every noted economist of the time but had repercussions on basic economic theory, methodology, and sociopolitical theory. This book, the first comprehensive coverage of the subject, will be an indispensable addition to the history of economic thought. It is also relevant to all social sciences concerned with economic prosperity, with the nature of intellectual orthodoxy and insurgency, or with the complex relationships among ideology, concepts, and policies. Originally published in 1972. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book Supply side Economics written by United States. Congress. House. Committee on the Budget. Task Force on Tax Policy and published by . This book was released on 1981 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Morality Ethics and Gifted Minds written by Don Ambrose and published by Springer Science & Business Media. This book was released on 2009-04-21 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Morality, Ethics and Gifted Minds explores much of the current wisdom on ethics and morality while developing new perspectives on the ethical dimensions of high ability. Prominent authors from diverse disciplines are brought together, recognizing that no single discipline can capture the essence and entirety of nettlesome, complex, multidimensional moral issues. More specifically, the book explores new dimensions of ethics and morality; magnifies the importance of applying highly intelligent minds to ethical issues while developing ways to strengthen the ethical awareness of the creative and gifted, and brings diverse, interdisciplinary perspectives to bear on these issues.
Download or read book Economic Policy and the Great Stagflation written by Alan S. Blinder and published by Elsevier. This book was released on 2013-09-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.
Download or read book Economics written by Paul R. Krugman and published by Macmillan. This book was released on 2009-02-28 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering an accessible and thorough introduction to economics, this text offers real-world examples to bring theory to life. Students and lecturers will benefit from the vast array of supplements, including a companion website with extra material and resources
Download or read book Econoclasts written by Brian Domitrovic and published by Simon and Schuster. This book was released on 2023-10-03 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history we can't afford to forget. At last, the definitive history of supply-side economics—an incredibly timely work that reveals the foundations of America's prosperity when those very foundations are under attack. In the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s stagflation and ushered in an unprecedented quarter-century run of growth and opportunity. Based on the author's years of archival research, Econoclasts is a masterful narrative history in the tradition of Amity Shlaes's The Forgotten Man and John Steele Gordon's An Empire of Wealth.
Download or read book The Undercover Economist Strikes Back written by Tim Harford and published by Penguin. This book was released on 2015-01-06 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist. Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore. From politicians to hedge fund managers to middle-class IRA holders, everyone must pay attention to how and why the global economy works the way it does. Enter Financial Times columnist and bestselling author Tim Harford. In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world’s economy actually works. With the wit of a raconteur and the clear grasp of an expert, Harford explains what’s really happening beyond today’s headlines, why all of us should care, and what we can do about it to understand it better.
Download or read book Supply Side Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-05 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Supply Side Economics Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply-side economics, consumers will benefit from greater supplies of goods and services at lower prices, and employment will increase. Supply-side fiscal policies are designed to increase aggregate supply, as opposed to aggregate demand, thereby expanding output and employment while lowering prices. Such policies are of several general varieties:Investments in human capital, such as education, healthcare, and encouraging the transfer of technologies and business processes, to improve productivity. Encouraging globalized free trade via containerization is a major recent example.Tax reduction, to provide incentives to work, invest and take risks. Lowering income tax rates and eliminating or lowering tariffs are examples of such policies.Investments in new capital equipment and research and development (R&D), to further improve productivity. Allowing businesses to depreciate capital equipment more rapidly gives them an immediate financial incentive to invest in such equipment.Reduction in government regulations, to encourage business formation and expansion. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Supply-side economics Chapter 2: Reaganomics Chapter 3: Economic Recovery Tax Act of 1981 Chapter 4: Fiscal policy Chapter 5: Arthur Laffer Chapter 6: Jude Wanniski Chapter 7: Tax cut Chapter 8: Trickle-down economics Chapter 9: Dynamic scoring Chapter 10: Stephen Moore (writer) Chapter 11: Fiscal conservatism Chapter 12: Tax efficiency Chapter 13: Bush tax cuts Chapter 14: Larry Kudlow Chapter 15: Laffer curve Chapter 16: Political debates about the United States federal budget Chapter 17: Deficit reduction in the United States Chapter 18: Kansas experiment Chapter 19: Reagan tax cuts Chapter 20: Economic policy of the Donald Trump administration Chapter 21: Tax Cuts and Jobs Act (II) Answering the public top questions about supply side economics. (III) Real world examples for the usage of supply side economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Supply Side Economics.
Download or read book Inside the Economist s Mind written by Paul A. Samuelson and published by John Wiley & Sons. This book was released on 2009-02-09 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: By focusing on the human side as well as the intellectualdimensions of how economists work and think, this collection ofinterviews with top economists of the 20th century becomes astartling and lively introduction to the modern world ofmacroeconomics. A fun read! For more information, frequent updates, and to comment on theforthcoming book, visit William A. Barnett's weblog athttp://economistmind.blogspot.com/. Acclaim for Inside the Economist's Mind "In candid interviews, these great economists prove to befabulous story tellers of their lives and times. Unendinglygripping for insiders, this book should also help non-specialistsunderstand how economists think." Professor Julio Rotemberg, Harvard University Business School,and Editor, Review of Economics and Statistics. "Economics used to be called the 'dismal science'. It will beimpossible for anybody to hold that view anymore ... This isscience with flesh and blood, and a lot of fascinating stories thatyou will find nowhere else." Dr. Jean-Pascal Bénassy, Paris-Jourdan SciencesÉconomiques, Paris, France "This book provides a rare and intriguing view of the personaland professional lives of leading economists ... It is like ABeautiful Mind, scaled by a factor of 16 [the number ofinterviews in the book]." Professor Lee Ohanian, University of California at LosAngeles " ... if you want an insider view of how economics has beendeveloping in the last decades, this is the (only) book foryou." Professor Giancarlo Gandolfo, University of Rome ‘LaSapienza,’ Rome "Here we see the HUMAN side of path-breaking research, thepersonalities and pitfalls, the DRAMA behind the science." Professor Francis X. Diebold, University of Pennsylvania,Philadelphia
Download or read book The Economic Mind in America written by Malcolm Rutherford and published by Routledge. This book was released on 1998-03-05 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume demonstrates the variety and creativity of American economics and the links between American economic thought and its non- European context. It contains selected papers from the 1996 History of Economics Society Conference.
