Download or read book The Great Stagnation written by Tyler Cowen and published by Penguin. This book was released on 2011-01-25 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.

Download or read book The Age of Stagnation written by Satyajit Das and published by Prometheus Books. This book was released on 2016 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008. The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed. He is particularly critical of the "easy money" approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep-seated fundamental imbalances. The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations. The author concludes with a thought experiment illustrating the large-scale changes that will be necessary to restore economic, financial, and social sustainability. This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery. Written for the lay reader and peppered with witty anecdotes, this immensely readable book clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future.

Download or read book Secular Stagnation Theories written by Christina Anselmann and published by Springer Nature. This book was released on 2020-04-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of weak economic performances and rising income disparities across the developed world during the past decades, this book provides a comprehensive overview of secular stagnation theories in the history of economic thought and examines the role of income distribution in various stagnation hypotheses. By offering a historical perspective, from the classical economists to the most recent stagnation debate of the early twenty-first century, the author shows that most stagnation theories were developed in periods of high and/or rising income disparities. Eventually, it was Josef Steindl, one of the least recognized stagnationists in the history of economic thought, who put the distribution of income at the heart of his stagnation theory. While Josef Steindl focused on the nexus between the functional distribution of income and economic growth, this book includes the personal distribution of income in a Kaleckian-Steindlian model of economic growth and stagnation. In the model presented, the nexus between economic growth and the distribution of income is a priori uncertain, depending on the type of economic shock and the specific economic circumstances. The author also discusses various empirically oriented policy implications aimed at fostering both economic growth and a more equal distribution of income. This book appeals to scholars in economics and the history of economic thought interested in economic growth, secular stagnation, and income distribution.

Download or read book Japan s Great Stagnation and Abenomics written by Masazumi Wakatabe and published by Springer. This book was released on 2015-04-23 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the global Great Recession continues, policymakers, economists, and the public are turning to Japenses economic revitalization for answers. Paul Krugman, Nobel laureate in Economics, once said that Japan was a "full-dress rehearsal for the current crisis." Japan has experienced and valiantly overcome the burst of their Bubble economy, financial crisis, lukewarm recovery, and more than a decade-long deflation and stagnation to become one of the most stable economies today. Japan's Great Stagnation and Abenomics reveals the striking similarities of economic events and policies between the Great Stagnation and the current Great Recession. It also suggests possible dangers ahead and way-outs in the future. This exciting new volume is based on Wakatabe's expertise in economic history and the history of economic ideas and argues that any policy decision is related to cultural ideology. An investigation into the relationship between cultural ideology and policy helps us better understand the policy-making process.

Download or read book Full Recovery Or Stagnation written by Alvin H. Hansen and published by . This book was released on 1983 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Maturity and Stagnation in American Capitalism written by Josef Steindl and published by NYU Press. This book was released on 1976 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Details a pattern of development and investment in the American economy that produces diminished growth and increased stagnation.

Download or read book Average Is Over written by Tyler Cowen and published by Penguin. This book was released on 2013-09-12 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned economist and author of Big Business Tyler Cowen brings a groundbreaking analysis of capitalism, the job market, and the growing gap between the one percent and minimum wage workers in this follow-up to the New York Times bestseller The Great Stagnation. The United States continues to mint more millionaires and billionaires than any country ever. Yet, since the great recession, three quarters of the jobs created here pay only marginally more than minimum wage. Why is there growth only at the top and the bottom? Economist and bestselling author Tyler Cowen explains that high earners are taking ever more advantage of machine intelligence and achieving ever-better results. Meanwhile, nearly every business sector relies less and less on manual labor, and that means a steady, secure life somewhere in the middle—average—is over. In Average is Over, Cowen lays out how the new economy works and identifies what workers and entrepreneurs young and old must do to thrive in this radically new economic landscape.

Download or read book Racial Stasis written by Christopher D. DeSante and published by . This book was released on 2019-12-06 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Many doubt that the United States is making progress towards becoming an open and just multi-racial society however much the composition of our society has changed. The rise of white nationalism is but one sign of this. And yet we continue to hope that the young, who we think manifest less racism and more acceptance of a multi-racial society, will lead to more moderate racial politics. But this may not be happening. The authors argue that the Millennial generation is not moving the United States towards a more open, racially accepting society. They find that, while young whites report lower levels of racial resentment, a traditional measure of racism, they respond in a very similar way to older whites when asked about a range of other racial attitudes. Overt racism has declined while covert racial prejudice and discrimination still permeate American society"--

Download or read book Stagnation and the Financial Explosion written by Harry Magdoff and published by NYU Press. This book was released on 2019-02-15 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the fourth in a continuing series of collected essays by the former editors of Monthly Review on the state of the U.S. economy and its relation to the global system. Like its predecessors, this volume focuses on the most recent phase of the development of U.S. capitalism, stressing the profound contradictions of the underlying processes of capital accumulation and pointing the way to the fundamental reforms that are the essential precondition for a real economic revival.

Download or read book Reconsidering Stagnation in the Brezhnev Era written by Dina Fainberg and published by Lexington Books. This book was released on 2016-04-27 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contributes to a growing reevaluation of the Brezhnev era, helping to shape a new historiography that gives us a much richer and more nuanced picture of the time period than the stagnation paradigm usually assigned to the era. The essays provide a multifaceted prism that reveals a dynamic society with a political and intellectual class that remained committed to the ideological foundations of the state, recognized the challenges that the system faced, and embarked on a creative search for solutions. The chapters focus on developments in politics, society, and culture, as well as the state’s attempts to lead and initiate change, which are mostly glossed over in the stagnation narrative. The volume challenges the assumption that the period as a whole was characterized by rampant cynicism and a decline of faith in the socialist creed and instead points to the persistence of popular engagement with the socialist ideology and the power it continued to wield within the Soviet Union.

Download or read book Handbook of Economic Stagnation written by Randall Wray and published by Academic Press. This book was released on 2022-04-24 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles. - Synthesizes and organizes diverse perspectives about crisis economics and future economic growth - Emphasizes the relationships among stagnation, international economics, and the global distribution of labor - Includes Japan and the Euro zone as well as other countries and regions worldwide

Download or read book Neoliberalism and the Road to Inequality and Stagnation written by Palley, Thomas I. and published by Edward Elgar Publishing. This book was released on 2021-11-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tom Palley has made a significant contribution to understanding the meaning and significance of neoliberalism. This chronicle collects some of his best work to explain how global adoption of neoliberal policies over the past thirty years has increased income inequality and created tendencies to stagnation.

Download or read book The World Economy written by Dale W. Jorgenson and published by Cambridge University Press. This book was released on 2016-11-24 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first long-term analysis of the process of structural change and productivity growth in Asia, Europe, Latin America and the USA.

Download or read book Fully Grown written by Dietrich Vollrath and published by University of Chicago Press. This book was released on 2022-06-24 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vollrath challenges our long-held assumption that growth is the best indicator of an economy’s health. Most economists would agree that a thriving economy is synonymous with GDP growth. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? Is growth actually the best way to measure economic success—and does our slowdown indicate economic problems? The counterintuitive answer Dietrich Vollrath offers is: No. Looking at the same facts as other economists, he offers a radically different interpretation. Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP. In Fully Grown, Vollrath offers a powerful case to support that argument. He explores a number of important trends in the US economy: including a decrease in the number of workers relative to the population, a shift from a goods-driven economy to a services-driven one, and a decline in geographic mobility. In each case, he shows how their economic effects could be read as a sign of success, even though they each act as a brake of GDP growth. He also reveals what growth measurement can and cannot tell us—which factors are rightly correlated with economic success, which tell us nothing about significant changes in the economy, and which fall into a conspicuously gray area. Sure to be controversial, Fully Grown will reset the terms of economic debate and help us think anew about what a successful economy looks like.

Download or read book The Yudhoyono Presidency written by Edward Aspinall and published by Institute of Southeast Asian Studies. This book was released on 2015-05-13 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The presidency of Susilo Bambang Yudhoyono (2004–14) was a watershed in Indonesia's modern democratic history. Yudhoyono was not only the first Indonesian president to be directly elected, but also the first to be democratically re-elected. Coming to office after years of turbulent transition, he presided over a decade of remarkable political stability and steady economic growth. But other aspects of his rule have been the subject of controversy. While supporters view his presidency as a period of democratic consolidation and success, critics view it as a decade of stagnation and missed opportunities. This book is the first comprehensive attempt to evaluate both the achievements and the shortcomings of the Yudhoyono presidency. With contributions from leading experts on Indonesia's politics, economy and society, it assesses the Yudhoyono record in fields ranging from economic development and human rights, to foreign policy, the environment and the security sector.

Download or read book From Financial Crisis to Stagnation written by Thomas I. Palley and published by Cambridge University Press. This book was released on 2013-02-11 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a novel explanation of the financial crisis and Great Recession that emphasizes the destruction of shared prosperity over the past thirty years. This contrasts with "black swan" styled explanations that emphasize unexpected financial shocks and speculation. The book explains why the economy is now confronted with stagnation rather than the quick recovery predicted by other accounts.

Download or read book Complexity Stagnation and Frailty Understanding the Twenty First Century written by Nader Elhefnawy and published by Nader Elhefnawy. This book was released on 2019-08-24 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nader Elhefnawy has been writing on the connections between complexity, economics and international security for nearly two decades. This book brings together the results of that research and what it means for our world in this age of economic, political and ecological crisis.