Download or read book The Midas Paradox written by Scott B. Sumner and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus--the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking--by central bankers, legislators, and two presidents--especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox is a landmark treatise that solves mysteries that have long perplexed economic historians, and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's A Monetary History of the United States, 1867-1960, it is one of those rare books destined to shape all future research on the subject.
Download or read book The Midas Paradox written by Scott B. Sumner and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Money Illusion written by Scott Sumner and published by University of Chicago Press. This book was released on 2023-05-06 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
Download or read book The Midas Paradox written by Scott B Sumner and published by Independent Institute. This book was released on 2015-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus—the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking—by central bankers, legislators, and two presidents—especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox is a landmark treatise that solves mysteries that have long perplexed economic historians, and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's A Monetary History of the United States, 1867–1960, it is one of those rare books destined to shape all future research on the subject.
Download or read book A Tract on Monetary Reform written by John Maynard Keynes and published by Cosimo Classics. This book was released on 1923 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The long run is a misleading guide to current affairs. In the long run we are all dead." -John Maynard Keynes, A Tract on Monetary Reform (1923) A Tract on Monetary Reform (1923), by British economist John Maynard Keynes, is a masterly analysis of the world monetary situation at the beginning of the twentieth century. Keynes stated the importance of stable domestic prices and a stable currency for a strong economy, while arguing against the gold standard, which at that time was used for the US dollar and many other currencies. Britain abandoned the gold standard in 1931-after it had re-established it in 1925-and the United States abandoned the gold standard in 1933. A Tract on Monetary Reform is essential reading for anyone interested in Keynes' theories and for students of economics or economic history.
Download or read book The Paradox of Plenty written by Terry Lynn Karl and published by Univ of California Press. This book was released on 1997-10-10 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In these countries, dependence on petroleum leads to disproportionate fiscal reliance on petrodollars and public spending, at the expense of statecraft.
Download or read book Shut Out written by Kevin Erdmann and published by Rowman & Littlefield. This book was released on 2019-01-21 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States suffers from a shortage of well-placed homes. This was true even at the peak of the housing boom in 2005. Using a broad array of evidence on housing inflation, income, migration, homeownership trends, and international comparisons, Shut Out demonstrates that high home prices have been largely caused by the constrained housing supply in a handful of magnet cities leading the new economy. The same phenomenon is occurring in leading countries across the globe. Gentrifying cities have become exclusionary bastions in the new postindustrial economy. The US housing bubble that peaked in 2005 is more accurately described as a refugee crisis than a credit bubble. Surging demand for limited urban housing triggered a spike of migration away from the magnet cities among households with moderate and lower incomes who could no longer afford to remain, causing a brief contagion of high prices in the cities where the migrants moved. In this book, author Kevin Erdmann observes that the housing bubble has been broadly and incorrectly attributed to various “excesses.” Policymakers and economists concluded that our key challenge was that we had built too many homes. This misdiagnosis of the problem, according to Erdmann, led to misguided public polices, which were the primary cause of the subsequent financial crisis. A sort of moral panic about supposed excesses in home lending and construction led to destabilizing monetary and regulatory decisions. As the economy slumped, a sense of fatalism prevented the government from responding appropriately to the worsening situation. Shut Out provides a much-needed correction to the causes and consequences of financial crises and secular stagnation.
Download or read book American Default written by Sebastian Edwards and published by Princeton University Press. This book was released on 2019-09-10 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how FDR did the unthinkable to save the American economy.
Download or read book On Corruption in America written by Sarah Chayes and published by Vintage. This book was released on 2020-08-11 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the prizewinning journalist and internationally recognized expert on corruption in government networks throughout the world comes a major work that looks homeward to America, exploring the insidious, dangerous networks of corruption of our past, present, and precarious future. “If you want to save America, this might just be the most important book to read now." —Nancy MacLean, author of Democracy in Chains Sarah Chayes writes in her new book, that the United States is showing signs similar to some of the most corrupt countries in the world. Corruption, she argues, is an operating system of sophisticated networks in which government officials, key private-sector interests, and out-and-out criminals interweave. Their main objective: not to serve the public but to maximize returns for network members. In this unflinching exploration of corruption in America, Chayes exposes how corruption has thrived within our borders, from the titans of America's Gilded Age (Andrew Carnegie, John D. Rockefeller, J. P. Morgan, et al.) to the collapse of the stock market in 1929, the Great Depression, and FDR's New Deal; from Joe Kennedy's years of banking, bootlegging, machine politics, and pursuit of infinite wealth to the deregulation of the Reagan Revolution--undermining this nation's proud middle class and union members. She then brings us up to the present as she shines a light on the Clinton policies of political favors and personal enrichment and documents Trump's hydra-headed network of corruption, which aimed to systematically undo the Constitution and our laws. Ultimately and most importantly, Chayes reveals how corrupt systems are organized, how they enable bad actors to bend the rules so their crimes are covered legally, how they overtly determine the shape of our government, and how they affect all levels of society, especially when the corruption is overlooked and downplayed by the rich and well-educated.
Download or read book Microeconomics Principles written by Stephen Rubb and published by Macmillan Higher Education. This book was released on 2018-10-12 with total page 1397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Created specifically for the economics course as taught in business schools, Economic Principles: A Business Perspective covers the fundamentals of economics in the context of today’s globalized business world, with strong examples, integrated technology, and practical pedagogy. Integrated business and policy briefs, in-depth case studies, chapter-ending business applications, thoroughly explained graphs and a battery of simple but useful learning tools support the intersection of theory and practice. It’s accompanied by a robust media component, SaplingPlus, which combines Sapling’s acclaimed online homework with a complete e-book and all interactive features for the text.
Download or read book Boom and Bust Banking written by David M. Beckworth and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the forceful renewal of the boom-and-bust cycle after several decades of economic stability, this book is a research-based review of the factors that caused the 2008 recession. It offers cutting-edge diagnoses of the recession and prescriptions on how to boost the economy from leading economists. The book concentrates on the Federal Reserve and its leading role in creating the economic boom and recession of the 2000s. Aimed at professional economists and readers well versed in the basic workings of the economy, it includes innovative proposals on how to avoid future boom-and-bust cycles.
Download or read book The Paradox of Generosity written by Christian Smith and published by Oxford University Press, USA. This book was released on 2014 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Determining why, when, and to whom people feel compelled to be generous affords invaluable insight into many social practices. Organ donation, gift-giving, the funding of charities, and political views on taxation can all be illuminated by sociological and psychological perspectives on howAmerican adults conceive of and demonstrate generosity. Focusing not only on financial giving but on the many diverse forms philanthropy can take, Christian Smith and Hilary Davidson show the deep impact - usually good, sometimes destructive - that giving has on individuals.The Paradox of Generosity is the first study to make use of the cutting-edge empirical data collected in Smith's groundbreaking, multidisciplinary, five-year Science of Generosity Initiative. It draws on an extensive survey of 2,000 Americans, more than sixty in-depth interviews with individualsacross twelve states, and nuanced analysis of over 1,000 photographs and other visual materials. This wealth of evidence reveals a consistent link between demonstrating generosity and leading a better life: more generous people are happier, suffer fewer illnesses and injuries, live with a greatersense of purpose, and experience less depression. Smith and Davidson also show, however, that to achieve a better life a person must practice generosity regularly - random acts of kindness are not enough.Offering a wide range of vividly illustrative case studies, this volume will be a crucial resource for anyone seeking to understand the true impact and meaning of generosity.
Download or read book The Mother of the Gods Athens and the Tyranny of Asia written by Mark H. Munn and published by Univ of California Press. This book was released on 2006-07-11 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among maternal deities of the Greek pantheon, the Mother of the Gods was a paradox. Conflict and resolution were played out symbolically, Munn shows, and the goddess of Lydian tyranny was eventually accepted by the Athenians as the Mother of the Gods and a symbol of their own sovereignty.
Download or read book Foreign Bodies written by Cynthia Ozick and published by HarperCollins. This book was released on 2010-11-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In her sixth novel, Cynthia Ozick retells the story of Henry James’s The Ambassadors as a photographic negative, retaining the plot but reversing the meaning. Foreign Bodies transforms Henry James’s prototype into a brilliant, utterly original, new American classic. At the core of the story is Bea Nightingale, a fiftyish divorced schoolteacher whose life has been on hold during the many years since her brief marriage. When her estranged, difficult brother asks her to leave New York for Paris to retrieve a nephew she barely knows, she becomes entangled in the lives of her brother’s family and even, after so long, her ex-husband. Every one of them is irrevocably changed by the events of just a few months in that fateful year. Traveling from New York to Paris to Hollywood, aiding and abetting her nephew and niece while waging a war of letters with her brother, facing her ex-husband and finally shaking off his lingering sneers from decades past, Bea Nightingale is a newly liberated divorcee who inadvertently wreaks havoc on the very people she tries to help.
Download or read book Going Mad to Stay Sane written by Andy White and published by . This book was released on 2015-07-14 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Self-destructive behaviour has traditionally been viewed in an entirely negative light. As a result, attempts are constantly made to 'fix' it without asking what its actual purpose may be. Going Mad to Stay Sane invites us to rethink our attitudes. It sets out to understand the soul's purpose in visiting violence upon itself; substance abuse, compulsive sexuality, obsessive dieting or the grandiose hauteur of a superiority complex all come under scrutiny. In analysing its roots and its manifestations, the author asks us to consider the possibility that the impulse to visit violence upon oneself may be the only means available for the soul under siege to preserve itself and state its distress. Self-destructiveness is a notoriously difficult phenomenon to bring to healing, not least because the various schools of psychology have such partisan attitudes towards it, approaching it from within the narrow parameters of their chosen theories. This book, rather than arguing for one perspective or another, finds a place for them all within the compass of a mythical tale: the story of King Midas, who wished for everything he touched to be turned to gold. Through the tale of King Midas, Andy White shows how our self-destructive urges can also point the way to our salvation. Andy White was born and brought up in Africa. He trained in London, practised as a psychotherapist for many years and now lives in North Devon as a writer and artist. www.andywhiteartist.com Coming soon, ''Path to Wholeness'', a guide to the individuation process. ''A Tao of the Soul'', says Satish Kumar.
Download or read book Opening Pandora s Box written by Ferdie Addis and published by Penguin. This book was released on 2011-10-13 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you known to strike like a thunderbolt when things don't go your way? Are you fortunate enough to have the Midas touch? Have you ever been struck by Cupid's arrow? Classically derived expressions are commonly used in our everyday language, yet many of us have little knowledge of the Greek and Roman influences that inspired them. With Opening Pandora's Box you'll discover the fascinating stories behind familiar phrases like Achilles' Heel, a Nemesis, To Fly too Close to the Sun, and more. For example, did you know that... The lifesaving operation known as the Caesarean section is so named because Julius Caesar was delivered by being cut out of his mother's womb? The original labyrinth was built on the orders of King Minos of Crete after Aphrodite cursed his wife to fall in love with a bull and produce a monstrous baby? The king locked the baby in a maze so complicated and tangled that, once in, he would never emerge. The word cereal is derived from the Italian corn goddess Ceres?Pry open the lid of the English language to find the secrets behind classical phrases we use every day.
Download or read book The Money Plot written by Frederick Kaufman and published by Other Press, LLC. This book was released on 2020-11-24 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower and enthrall us. Frederick Kaufman tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street’s byzantine present-day doings. Along the way, he exposes a set of allegorical plots, stock characters, and stereotypical metaphors that have long been linked with money and commercial culture, from Melanesian trading rituals to the dogma of Medieval churchmen faced with global commerce, the rationales of Mercantilism and colonial expansion, and the U.S. dollar’s 1971 unpinning from gold. The Money Plot offers a tool to see through the haze of modern banking and finance, demonstrating that the standard reasons given for economic inequality—the Neoliberal gospel of market forces—are, like dollars, euros, and yuan, contingent upon structures people have designed. It shines a light on the one percent’s efforts to contain a money culture that benefits them within boundaries they themselves are increasingly setting. And Kaufman warns that if we cannot recognize what is going on, we run the risk of becoming pawns and shells ourselves, of becoming characters in someone else’s plot, of becoming other people’s money.
