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The scam of supply-side economics is clearly and convincingly explained in a classic of political journalism (Michael Lewis). American politics has been hijacked. Over the past three decades, a fringe group of economic hucksters has corrupted and perverted our nation s policies. With dark, engaging wit, Jonathan Chait reveals how these canny zealots first took over the Republican Party and then gamed the political system and the media so that once...
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"The author of the widely praised Age of Greed now gives us a bold indictment of some of our most accepted economic theories-why they're wrong, the harm they've done, and the theories that would vastly improve on them. Jeff Madrick-former New York Times business columnist and now Harper's economics columnist-mounts a comprehensive case against prevailing mainstream economic thinking, illustrating how it has damaged markets, infrastructure, and individual...
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"One of America's greatest success stories is its economy. For over a century, it has been the envy of the world. The opportunity it generates has inspired millions of people to want to become American.Today, however, America's economy is at a crossroads. Many have lost confidence in the country's commitment to economic liberty. Across the political spectrum, many want the government to play an even greater role in the economy via protectionism, industrial...
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The Wall Street meltdown in 2008 brought the country to its knees and spawned nationwide protests against the lack of regulation and oversight in the financial industry. But the average American still fails to fully grasp what was--and still is--happening: that the inmates run the asylum. Larry Doyle exposes how financial executives, politicians, and even the regulators charged with overseeing the banks have conspired for personal gains while deceiving...
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"Brilliantly written and argued, Concrete Economics shows exactly how the US government has shaped and directed the economy since the very inception of the country. This book does not rehash the sturdy and well-known arguments that to thrive, an entrepreneurial economy needs a social and policy environment characterized by a broad range of freedoms. Nor does it buy into the myth of the absolutely free market. Instead, Cohen and DeLong focus on the...
Pub. Date
2014.
Language
English
Description
With breathtaking clarity, renowned University of Massachusetts Economics Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing...
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"Americans today face no shortage of threats to their financial well-being, such as job and retirement insecurity, health care costs, and spiraling college tuition. While one might expect that these concerns would motivate people to become more politically engaged on the issues, this often doesn't happen, and the resulting inaction carries consequences for political debates and public policy. Moving beyond previously studied barriers to political...
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"The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian...
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Award-winning historian David Pietrusza boldly steers clear of the pat narrative regarding Franklin Roosevelt́€™s unprecedented 1936 re-election landslide, weaving an enormously more intricate, ever more surprising tale of a polarized nation; of Americမs most complex, calculating, and politically successful president, Franklin D. Roosevelt, at the very top of his Machiavellian game; and the unlocking of the puzzle of how our society,...
Author
Pub. Date
2023.
Edition
First edition.
Language
English
Description
"A deeply researched investigation that reveals how the United States is like a spider at the heart of an international web of surveillance and control, which it weaves in the form of globe-spanning networks such as fiber optic cables and obscure payment systems America's security state first started to weaponize these channels after 9/11, when they seemed like necessities to combat terrorism--but now they're a matter of course. Multinational companies...
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Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? Why does the stock market go up when employment declines? Should I give that homeless guy a buck? What's a "living wage"? How much can presidents really affect economic outcomes? What does the Federal Reserve Bank really do? And even when some pundits say the economy's sound, why do I still feel so squeezed? If you'd like...
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"President Franklin D. Roosevelt coined the slogan 'The Arsenal of Democracy' to describe American might during the grim years of World War II. The man who financed that arsenal was his Secretary of the Treasury, Henry Morgenthau Jr. This is the first book to focus on the wartime achievements of this unlikely hero--a dyslexic college dropout who turned himself into a forceful and efficient administrator and then exceeded even Roosevelt in his determination...
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"A compelling alternative view of the relationship between our politics and our economy. Throughout America, structural problems are getting worse. Economic inequality is near Gilded Age heights, the healthcare system is a mess, and the climate crisis continues to grow. Yet most ambitious policy proposals that might fix these calamities are dismissed as wastefully expensive by default. From the kitchen table to Congress, debates are punctuated with...
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"The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor...
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In 1956, a U.S. lawyer-economist, Louis O. Kelso, created the employee stock ownership plan (ESOP) to enable the employees of a closely held newspaper chain to buy out its retiring owners. Two years later, Kelso and his co-author, the philosopher Mortimer J. Adler, explained the macro-economic theory on which the ESOP is based in this best-selling book, The Capitalist Manifesto. When you read this book, you must be prepared for a shock particularly...
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"Why does a country built on the concept of liberty have the highest incarceration rate in the world? How could the first Western nation to elect a person of color as its leader suffer from institutional racism? How does Christian fundamentalism coexist with gay marriage in the American imagination? In essence, what makes the United States exceptional? In this provocative exploration of American exceptionalism, Mugambi Jouet explores why Americans...
Author
Pub. Date
2023.
Edition
First edition.
Language
English
Description
"The marble halls of the Federal Reserve have always held secrets; for decades the Fed did the utmost to preserve its room to maneuver, operating behind the scenes as much as possible. Yet over the past two decades, this elite world of bankers and economists speaking a language that only monetary experts could understand has been forced to change its ways. Amid rising inequality, weakening global economic prospects, and a pandemic, the central bank...
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A bold plan to help the middle class, by the New York Times bestselling author of An American Son. For generations, the belief that if you work hard you can offer your children a better life has been known as the American Dream. That dream is on life support today, and not just because of the economic downturn and bad leadership from Washington. America has undergone an economic transformation that our schools, our workers, and too many of our families...
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"Why Western capitalism is broken and how the U.S. can recover its global economic leadership status The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply. A global...
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