Economics of specific sectors Books

Book SynopsisTimely . . . [the collection] paints intimate portraits of neglected places that are often used as political talking points. A good companion piece to J. D. Vance's Hillbilly Elegy.BooklistThe essays in Voices from the Rust Belt address segregated schools, rural childhoods, suburban ennui, lead poisoning, opiate addiction, and job loss. They reflect upon happy childhoods, successful community ventures, warm refuges for outsiders, and hidden oases of natural beauty. But mainly they are stories drawn from uniquely personal experiences: A girl has her bike stolen. A social worker in Pittsburgh makes calls on clients. A journalist from Buffalo moves away, and misses home.... A father gives his daughter a bath in the lead-contaminated water of Flint, Michigan (from the introduction). Where is America''s Rust Belt? It''s not quite a geographic region but a linguistic one, first introduced as a concept in 1984 by Walter Mondale. In the modern ver

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Book SynopsisDiscover the extraordinary realities of the world's most advanced cybersecurity companies and tech In The Battle for Your Computer: Israel and the Growth of the Global Cyber-Security Industry, Israeli Defense Force (IDF) cyberwarfare veteran and tech product leader Alon Arvatz examines the why and the how of the extraordinarily strong connection between Israel's elite cyber military unit and that country's booming offensive and defensive cybersecurity industry. In the book, you'll explore the central role played by Israel in the global fight for cybersecurity supremacy. Featuring interviews with some of the world's leading cybersecurity professionals and leaders, The Battle for Your Computer explains how the IDF's Unit 8200 became the globe's most fruitful incubator of cyber technologies. You'll also find: Explanations of how the technologies that protect your own computers at home and at work probably began their lives in IDF personnel or equipmeTable of ContentsPreface Acknowledgments Section 1: What is Cybersecurity? Chapter 1: The New Gold—Cybersecurity 101 Chapter 2: The Keyboard War—How Global Militaries Exploited the New Domain Chapter 3: “Hello, It’s Me, a Nigerian Prince”—New Crime Chapter 4: The New Money—Catalysts of Cybercrime Section 2: Cybernation Chapter 5: The Pioneer—The Story of Checkpoint Chapter 6: The Love Letter That Leaked—From Personal Security to Systems Security Chapter 7: From Security to Defense—The Cyber “Iron Dome” Chapter 8: The Best Cyberdefense—“Daddy, What Do You Do?” Chapter 9: From Crisis to Crisis—Israeli Cyber Grows Up Section 3: Offensive Cybersecurity Chapter 10: Reaching Through the Darkness: NSO and Zero-Click Disruption Chapter 11: In the Right Hands—the Israeli Companies that Stretched the Boundaries of Possibility Chapter 12: Criticism of Offensive Cybertechnology Chapter 13: Selling to the Good Guys —Regulation, Self-Criticism, and “Clean” Offensive Cybertechnology Section 4: Building a Cyberstate Chapter 13: The Israeli Silicon Valley—Small State, Big Data Chapter 14: Unit 8200—Secrets of the IDF’s Success Chapter 15: A Professor and a Hacker—Academia and Cybersecurity Chapter 16: Free Hand or Bear Hug—The State’s Role in the World of Innovation Chapter 17: Small and Nimble—Being a Small Island-Nation in the Middle East is Not Such a Bad Start Chapter 18: “Bro”—What Makes Israel’s Culture an Incubator of Cybersecurity Innovation? Chapter 19: The Cybersecurity Industry Snowball Effect—Elements of the Israeli Ecosystem Conclusion: Where Is Everything Going? The Ten Commandments of the Budding Entrepreneur Acknowledgments Index

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Book SynopsisA cautionary tale of failed policies and corporate mismanagement that compellingly addresses previously unexplored issues of political ideology, organizational dynamics, and ethics, Days of Slaughter will appeal to readers everywhere who want a fuller explanation of what went awry in the US housing market.Trade ReviewThis detailed, thoughtful examination of the GSEs before, during, and after the crisis is a welcome contribution to the historical record of a turbulent time. Publishers WeeklyTable of ContentsContents Key Acronyms Acknowledgements Prologue - Acknowledging the Obvious 5I. Reckoning Day 8II. Homeownership: Dream or Nightmare? 35III. Securitization Breakdown 62 IV. Charter Confusion 90 V. Affordable Housing 112VI. Subprime Semantics 138VII. Political Capture 156VIII. Who's Ultimately Responsible? 181IX. Scandal (s) 198X. Battle for Credit Leadership 222XI. One Tough Bill 247XII. Stand Up and Say 272XIII. The Unraveling 288XIV. Sad Goodbyes 305XV: Housing's Future 309XVI: Wherefore Ethics? 319

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Book SynopsisThis book provides a multidimensional analysis of Iran's struggle for development between 1970 and 2020. The past several decades in Iran have been a period of sluggish and noninclusive economic growth, ill-fated social engineering with an Islamic template, political repression, and extensive environmental degradation. The intellectual discourse surrounding the impediments of growth in Iran has been dominated by an exaggerated notion of the role of ideology, class struggles, imperialism, and histori-cal contingencies, overlooking the profound impacts of institutions and fundamental socioeconomic trends. This book aims to fill this gap using positive economics and data-driven analysis to cover a wide array of topics, such as governance, corruption, energy, and food security. It will be essential for researchers, policy makers, and journalists.Trade Review"The history of economic development in Iran, particularly in recent years, has been an enigma often wrapped in ideological fantasies of regime apologists or its determined foes. The Struggle for Development in Iran is a detailed multidisciplinary analysis of the many facets of this troubled history from the prism of data and reality, not illusion and ideological pieties. It is a must read for any student, scholar and policy maker interested in Iran's hitherto Sisyphean quest for economic development and political democracy."—Abbas Milani, Hamid and Christina Moghadam Director of Iranian Studies at Stanford University, Research Fellow at the Hoover Institution"The Struggle for Development in Iran provides a devastating account of the economic crisis the country faces today, as a result of the poor governance and weak institutions that have taken root since the 1979 Revolution. The wealth of empirical data contained in this volume is coupled with a dispassionate and informed analysis of the causes of present-day outcomes that will become a reference work for anyone interested in the future of Iran."—Francis Fukuyama, author of Political Order and Political Decay"A unique and superb contribution to the study of modern Iran that is rigorously researched, objectively written, and highly insightful. An invaluable resource for policymakers, scholars, and students of Iran."—Karim Sadjadpour, Carnegie Endowment for International PeaceTable of Contents1. Introduction 2. Governance 3. Demographic Trends 4. Labor Force and Human Capital 5. Economy 6. Financial Sector 7. Energy Sector 8. Agriculture Sector 9. Migration and Brain Drain 10. Research and Development Policy 11. Conclusion: The Path Forward

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Book SynopsisA provocative new analysis of immigration's long-term effects on a nation's economy and culture. Over the last two decades, as economists began using big datasets and modern computing power to reveal the sources of national prosperity, their statistical results kept pointing toward the power of culture to drive the wealth of nations. In The Culture Transplant, Garett Jones documents the cultural foundations of cross-country income differences, showing that immigrants import cultural attitudes from their homelands—toward saving, toward trust, and toward the role of government—that persist for decades, and likely for centuries, in their new national homes. Full assimilation in a generation or two, Jones reports, is a myth. And the cultural traits migrants bring to their new homes have enduring effects upon a nation's economic potential. Built upon mainstream, well-reviewed academic research that hasn't pierced the public consciousness, this book offers a compelling refutation of an unspoken consensus that a nation's economic and political institutions won't be changed by immigration. Jones refutes the common view that we can discuss migration policy without considering whether migration can, over a few generations, substantially transform the economic and political institutions of a nation. And since most of the world's technological innovations come from just a handful of nations, Jones concludes, the entire world has a stake in whether migration policy will help or hurt the quality of government and thus the quality of scientific breakthroughs in those rare innovation powerhouses. Trade Review"Immigrants change the countries they move to. The Culture Transplant is the very best book on this phenomenon, reflecting the continuing rise of Garett Jones as a thinker and writer of real import."—Tyler Cowen, blogger, Marginal Revolution"Synthesizing decades of new work in development economics, Garett Jones re-examines and rejects some of the core assumptions within the modern immigration debate. Defenders of open borders—utilitarians in particular—will have to seriously grapple with this novel and groundbreaking book."—Hrishikesh Joshi, Bowling Green State University"A unique and authoritative treatment of the deep persistence of cultural attributes that permeates across generations, and through migration, shapes institutions and contemporary outcomes. By focusing on people rather than places, Garett Jones provides a unique perspective on how we should think about the role of migration and diversity in understanding modern successes and failures. Jones's treatment of the literature is a master class in distilling rigorous research and presenting it in a breezy fashion that is hard to put down once you get started."—Areendam Chanda, Louisiana State University"The Culture Transplant is a good read, a brief dive into the intriguing question of why some places and some people are so much more prosperous than others."—Robert VerBruggen, Wall Street JournalMuch of the literature on immigrant assimilation looks at easily observable questions about subsequent generations, such as whether they are learning English, graduating high school, and moving up the income ladder. Jones's book proves that these external accomplishments do not necessarily indicate assimilation at the deeper level of cultural values. This is of the greatest possible importance, because every day social science discovers further evidence that these cultural values, more than anything else, determine what a country's politics and its economy will look like in the future."—Helen Andrews, The American Conservative"Jones has written an excellent synopsis of the deep roots of culture and the persistent effects of these deep roots. The book is concise and easy to read, led by Jones's ability to decompose complicated ideas into easily understood examples and descriptions. Researchers and the public will gain valuable insights from The Cultural Transplant, a better understanding of the persistence of culture and longrunning factors that have placed countries on socioeconomic trajectories that have yielded vast differences in living standards across the world."—C. Justin Cook, The Developing Economies"Most economists agree that immigration—including illegal immigration—leads to greater economic growth and innovation. However, Jones argues that immigrants transplant their culture in the countries they move to, making the economies there similar to those in their home countries. Where immigrants come from and their home nation's technological development are critical to the economic and cultural impacts they have on the countries they move to."—P. Z. McKay, CHOICETable of Contents0. Preface: The Best Immigration Policy 0. Introduction: How Economists Learned the Power of Culture 1. The Assimilation Myth 2. Prosperity Migrates 3. Places or Peoples? 4. The Migration of Good Government 5. Our Diversity Is Our ____________ 6. The I-7 7. The Chinese Diaspora: Building the Capitalist Road 8. The Deep Roots across the Fifty United States 9. Intercalary: Je ne sais quoi 10. Conclusion: The Goose and the Golden Eggs

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Book SynopsisThe challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called 'surveillance capitalism,' and the quest by powerful corporations to predict and control our behavior. The heady optimism of the Internet’s early days has turned dark. Surveillance capitalism has deepened inequality, sown societal chaos, and undermined democracy.   The fight for a human future has never been more urgent. Shoshana Zuboff argues that we still have the power to decide what kind of world we want to live in: Will we allow surveillance capitalism to wrap us in its iron cage as it enriches the few and subjugates the many? Or will we demand the rights and laws that place this rogue power under the democratic rule of law? Only democracy can ensure that the vast new capabilities of the digital era are harnessed to the advancement of humanity. The Age of Surveillance Capitalism is a deeply original, exquisitely reasoned, and spell binding examination of our emerging information civilization and the life and death choices we face.

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Book SynopsisThe core tenets of a capitalist system that dominated the world for more than a century are being challenged as never before. Narratives about the failures of capitalism, the greed of the 1 percent, and the blindness of corporations to public need have made their mark and are driving change. These aren't the superficial cosmetic fixes that generated so much cynicism in the past, but a revolution in the way corporations are imagined and run. Tomorrow's Capitalist reveals how corporate CEOs-the ultimate pragmatists-realized that they could lose their "operating license" unless they tackle the fundamental issues of our time: climate, diversity and inclusion, and inequality and workforce opportunity. Responding to their employees and customers who are demanding corporate change, they have taken the lead in establishing the bold new principles of stakeholder capitalism, ensuring that for the first time in more than a half a century it is not just shareholders who have a say in how corporations are run.Alan Murray vividly captures the zeitgeist of the real and compelling dynamic that is transforming much of the corporate world.

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Book SynopsisThe bestselling author of The Death of Money and Currency Wars reveals the global elites' dark effort to hide a coming catastrophe from investors in The Road to Ruin, now a National Bestseller.   A drumbeat is sounding among the global elites. The signs of a worldwide financial meltdown are unmistakable. This time, the elites have an audacious plan to protect themselves from the fallout: hoarding cash now and locking down the global financial system when a crisis hits.   Since 2014, international monetary agencies have been issuing warnings to a small group of finance ministers, banks, and private equity funds: the U.S. government’s cowardly choices not to prosecute J.P. Morgan and its ilk, and to bloat the economy with a $4 trillion injection of easy credit, are driving us headlong toward a cliff.   As Rickards shows in this frightening, meticulously researched book, governments around the world have no compunction about conspiring against their citizens. They will have stockpiled hard assets when stock exchanges are closed, ATMs shut down, money market funds frozen, asset managers instructed not to sell securities, negative interest rates imposed, and cash withdrawals denied.   If you want to plan for the risks ahead, you will need Rickards’s cutting-edge synthesis of behavioral economics, history, and complexity theory. It’s a guidebook to thinking smarter, acting faster, and living with the comfort­ing knowledge that your wealth is secure.   The global elites don’t want this book to exist. Their plan to herd us like sheep to the slaughter when a global crisis erupts—and, of course, to maintain their wealth—works only if we remain complacent and unaware. Thanks to The Road to Ruin, we don’t need to be.If you are curious about what the financial Götterdämmerung might look like you’ve certainly come to the right place... Rickards believes -- and provides tantalizing snippets of private conversations with those who dwell in the very eye-in-the-pyramid -- that the current world monetary and financial system is on the verge of insolvency and that the world financial elites already have a successor system for which they are laying the groundwork. --Ralph Benko, Forbes

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Book SynopsisPope Francis and the Caring Society is a thoughtful exploration of the Pope's earnest call for a dialogue on building a truly compassionate society. Francis's fervent support for uplifting the poor and protecting the environment has inspired far-reaching discussions worldwide: Do capitalism and socialism have positive or negative social consequences? What is the most effective way to fight poverty? And what value does a religious perspective offer in addressing moral, political, and economic problems?Pope Francis and the Caring Society is an indispensable resource for consideration of these vital questions. Edited by Robert M. Whaples, with a foreword by Michael Novak, the book provides an integrated perspective on Francis and the issues he has raised, examining the intersection of religion, politics, and economics. Readers will discover important historical and cultural context for considering Francis's views, along with alternative solutions for environmental preservation, a defense of Francis's criticism of power and privilege, a case for market-based entrepreneurship and private charity as potent tools for fighting poverty, and an examination of Francis's philosophy of the family. Pope Francis and the Caring Society is essential reading for anyone interested in creating a better, more caring, and prosperous world.

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Book SynopsisAs heard on NPR's Fresh Air "This empowering light into a brighter future is a narrative you won’t want to miss." – Ralph Nader "Collins not only talks the talk but walks the walk...this is a worthwhile book to read, digest, and share" – Publishers Weekly An essential piece of reading for anyone concerned by the increasing wealth inequality–made worse by the global pandemic and political partisanship The growing wealth inequality continues to dominate headlines. The divide between the haves and have nots in America is increasingly political and tensions are rising. On one side, the wealthy wield power and advantage, keeping the system operating in their favor―all while retreating into enclaves that separate them further and further from the poor and working class. On the other side, those who find it increasingly difficult to keep up or get ahead are desperate and frustrated ―waging a rhetorical war against the rich and letting anger and resentment keep us from seeing new potential solutions. But can we suspend both class wars long enough to consider a new way forward? Is it really good for anyone that most of society’s wealth is pooling at the very top of the wealth ladder? Does anyone, including the one percent, really want to live in a society plagued by economic apartheid? It is time to think differently, says longtime inequality expert and activist Chuck Collins. Born into the one percent, Collins gave away his inheritance at 26 and spent the next three decades mobilizing against inequality. He uses his perspective from both sides of the divide to deliver a new narrative. Collins calls for a ceasefire and invites the wealthy to come back home, investing themselves and their wealth in struggling communities. And he asks the non-wealthy to build alliances with the one percent and others at the top of the wealth ladder. Stories told along the way explore the roots of advantage, show how taxpayers subsidize the wealthy, and reveal how charity, used incorrectly, can actually reinforce extreme inequality. Readers meet pioneers who are crossing the divide to work together in new ways, including residents in the author’s own Boston-area neighborhood who have launched some of the most interesting community transition efforts in the nation. In the end, Collins’s national and local solutions not only challenge inequality but also respond to climate change and offer an unexpected, fresh take on one of our most intransigent problems. Trade ReviewChoice Reviews- "Drawing on both engaging personal stories and economic research, Collins (Institute for Policy Studies) portrays an 'economic apartheid' of growing inequality of wealth and opportunity in the US, and urges citizens, especially the wealthiest, to recommit to the broader community to address it. Collins describes 'an empathetic barrier to change' that leads rich Americans to deride the industriousness of the less affluent. Raised in a “one percent” family, Collins understands how the wealthy are cut off from the wider society as their experiences lead them to adopt false myths of self-reliance and meritocracy. These views overlook the roles community and equity play in securing prosperity and well-being for rich and poor Americans. The overvaluing of self-reliance obscures the advantages of family wealth as well as the role of government programs in providing gains for the white middle class (in particular, home ownership) over other groups. Collins calls for empathy and solidarity among the rich, the affluent, and the poor to address inequality and environmental degradation. The book lists ways for the wealthy to connect to the larger society and support policies to bring about an equitable and sustainable future. Summing Up: Recommended. All readership levels."Booklist- "As the great-grandson of Oscar Meyer, Collins grew up in a wealthy and advantaged family. He considers himself part of the privileged 1 percent, “born on third base,” with only a short hop to make it to home plate. But Collins believes it’s time for our society to come to a different home, one where inequality is addressed in a new way, where the economy can be made more inclusive, and where the 1 percent can engage with the other 99 to become partners in transforming the future. Collins (99 to 1: How Inequality Is Wrecking the World and What We Can Do about It, 2012) once again presents a convincing and deeply thought-provoking argument in favor of not just the need for societal change but the importance of individual action in making change happen. Written in a well-crafted, conversational style, Collins’ latest is a gentle yet clear reminder to readers that real change starts by looking outside ourselves and making even the smallest connection with others.”“I have never read a story remotely like the one Chuck Collins has to tell. Born to the one percent, in circumstances few of us can imagine, he grew an outsized conscience and gave up his inherited wealth for a life of fighting the vicious inequality that is destroying our country. Somewhere along the way, he came to understand that the rich can be part of the solution instead of the problem and started organizing them to join in the struggle for a fair economy. The result is an electrifying challenge to the affluent as well as the one percent. ‘Come out of your gated communities and gated hearts,’ he writes, because outside lies the warmth of human solidarity.”--Barbara Ehrenreich, author of Nickel and Dimed“Chuck Collins has already organized the rich against their own immediate economic interest. He and his colleagues at the Institute for Policy Studies were instrumental in blocking the Republican repeal of the federal estate tax for the wealthy. So when he writes in Born on Third Base about all the good that can come from the enlightened rich pressing for justice, not just charity, he speaks from experience as both an organizer and a former affluent heir. Partly autobiographical, this empowering light into a brighter future is a narrative you won’t want to miss. Chuck Collins walks the talk and can motivate, if anyone is able to, the super rich to fund systemic drives for change.”--Ralph Nader, consumer advocate, author, and lawyer“A call to action for America's wealthy and a warning shot across the bows of their yachts if they fail to act, Born on Third Base offers a clear and compelling case for why the privileged and powerful must act to reverse widening inequality of income, wealth, and political power in America.”--Robert B. Reich, former US Secretary of Labor; author of Saving CapitalismPublishers Weekly- "Collins (99 to 1), born to great privilege, takes a thoughtful, well-written, and carefully researched approach to solving the extreme imbalance in wealth distribution, directed toward one- and 99-percenters alike. Refreshingly, Collins not only talks the talk but walks the walk: at age 26 he gave up his $500,000 trust fund and dedicated his life to ending inequality. The book's first half outlines the problems of uneven wealth distribution, which have been made even more evident by the 2008 economic downturn. This part includes a section addressing racial issues in the U.S. and making the case for federal reparations for slavery. What Collins does even better than describing the challenge is, in the book's second half, outlining significant and specific solutions. He includes 10 elements of a program for the wealthiest 1% to follow, imploring readers to connect with both 'people around us' and 'people who are completely different.' He makes an appeal for 'humanity and empathy' at the book's very beginning, shows how he and others have worked to embody it, and reinforces the importance of this approach at the conclusion. Wherever readers fall on the economic scale, this is a worthwhile book to read, digest, and share."“The American dream assures us that, if you work hard and play by the rules, you’ll succeed. But the facts tell a different story: Everyone knows the system is rigged. In these trickle-down times, income inequality threatens to pit the 99 percent against the 1 percent in violent revolution—and, really, who can blame them? My fellow plutocrat Chuck Collins gets it. Born on Third Base explodes the myth of the self-made man, but it also celebrates true achievement in the classic American sense. This isn’t some self-hating rich guy; Collins has thought seriously about what it means to be a citizen, and to be a patriot. He makes the case that we all do better when we all do better, and he does it with compassion and humor. This book would give Ayn Rand nightmares.”--Nick Hanauer, entrepreneur; venture capitalist; coauthor of The True Patriot and The Gardens of Democracy“Chuck Collins may have been born on third base, but he hits a grand slam with this powerful call to even the richest Americans to join their fellow citizens in challenging the obscene wealth gap that characterizes America today. He hammers all the curve balls thrown to justify inequality, writes eloquently but humbly of his experiences, and lays out a winning lineup of ways to bring Americans across class lines together for economic justice.”--John de Graaf, coauthor of Affluenza and What’s the Economy for, Anyway?“Chuck Collins does the soul-searching, fundamental work of reminding us all that wealth inequality and injustice make everyone’s life worse, including those of us who are supposedly better off. No matter what your class background, Collins’s work is an insight into and inspiring call to action for why we all need to be two feet into the fight for a more just world –one that is based on shared prosperity and community, not individualized notions of success. People and the planet literally depend on it.”--Jessie Spector, executive director, Resource Generation “Sobering and inspiring, Chuck Collins has written a Declaration of Interdependence. A must read for anyone on third base who has forgotten that they’re part of a team.”--Peter Buffett, copresident, NoVo Foundation; composer; author of Life is What You Make It“There are few tasks as urgent as a radical reorientation of the 1 percent, a radical re-engagement of ‘us’ with ‘them’—and a radical redeployment of the wealth created over the past century in order to address the problems of the next. Chuck Collins is our personal guide.”--Woody Tasch, founder, Slow Money Institute; author of Inquiries into the Nature of Slow Money“This is the engaging story of a courageous rich white guy who gave it all away, journeyed to the dark heart of inequality and deprivation in America, and became a leading thinker and activist for something much better for all of us, including the rich. Collins doesn’t disappoint. He is the real deal.”--James Gustave Speth, author of America the Possible and Angels by the River“No one explains inequality better than Chuck Collins, and no one walks his talk with more integrity. All Americans—rich, poor, and in the shrinking middle—will benefit from his insights and be inspired by his example.”--Peter Barnes, cofounder, CREDO Mobile; author of With Liberty and Dividends For All

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Book SynopsisAdvances in technology are creating the next economy and enabling us to make things o things/connect with others in smarter, cheaper, faster, more effective ways. But the price of this progress has been a decoupling of the engine of prosperity from jobs that have been the means by which people have ascended to (and stayed in) the middle class.Andy Stern, the former president of the Service Employees International Union (SEIU) spent four years traveling the country and asking economists, futurists, labour leaders, CEOs, investment bankers, entrepreneurs, and political leaders to help picture the U.S. economy 25 to 30 years from now. He vividly reports on people who are analyzing and creating this new economy,such as investment banker Steve Berkenfeld David Cote, the CEO of Honeywell International Andy Grove of Intel Carl Camden, the CEO of Kelly Services and Geoffrey Canada of the Harlem Children's Zone. Through these stories, we come to a stark and deeper understanding of the toll technological progress will continue to take on jobs and income and its inevitable effect on tens of millions of people.But there is hope for our economy and future. The foundation of economic prosperity for all Americans, Stern believes, is a universal basic income. The idea of a universal basic income for all Americans is controversial but American attitudes are shifting. Stern has been a game changer throughout his career, and his next goal is to create a movement that will force the political establishment to take action against something that many on both the right and the left believe is inevitable. Stern's plan is bold, idealistic, and challenging,and its time has come.Trade Review[Stern] does a solid job of making his case without waxing too wild-eyed. . . . This is a book eminently worth talking about. * Kirkus Reviews *America has no choice. Eventually we're going to have to raise the floor and provide a universal basic income. Technology will replace so many good jobs that Americans won't have enough purchasing power to keep the economy going without an economic floor to stand on. I urge you to read Andy Stern's provocative and compelling book. * Robert B. Reich, Chancellor's Professor of Public Policy, University of California at Berkeley, former US secretary of labor, and author of Saving Capitalism: For the Many, Not the Few *Andy Stern has spent his entire life fighting for changes that economically help all Americans, and particularly those often left behind. His latest book offers insight into the emerging challenges of new technology and the urgent need to have a real debate and consider hard choices if we are going to provide economic security for all of our families in the future. * Cecile Richards, president of Planned Parenthood of America *

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Book SynopsisA 2012 ECONOMIST BOOK OF THE YEAR Many of the United States' most innovative entrepreneurs have been immigrants, from Andrew Carnegie, Alexander Graham Bell, and Charles Pfizer to Sergey Brin, Vinod Khosla, and Elon Musk. Nearly half of Fortune 500 companies and one-quarter of all new small businesses were founded by immigrants, generating trillions of dollars annually, employing millions of workers, and helping establish the United States as the most entrepreneurial, technologically advanced society on earth. Now, Vivek Wadhwa, an immigrant tech entrepreneur turned academic with appointments at Duke, Stanford, Emory, and Singularity Universities, draws on his new Kauffman Foundation research to show that the United States is in the midst of an unprecedented halt in high-growth, immigrant-founded start-ups. He argues that increased competition from countries like China and India and US immigration policies are leaving some of the most educated and talented entrepreneurial immigrants with no choice but to take their innovation elsewhere. The consequences to our economy are dire; our multi-trillion dollar loss will be the gain of our global competitors. With his signature fearlessness and clarity, Wadhwa offers a concise framework for understanding the Immigrant Exodus and offers a recipe for reversal and rapid recovery.Trade Review"Vivek Wadhwa's new book, The Immigrant Exodus, is admirably short, yet he packs it with righteous fury. America, he points out, has one of the greatest assets a nation can have: people yearn to live there." --The Economist "A thoughtful contribution to the dialogue surrounding immigration." --Kirkus Reviews "Immigrants have long been the backbone of America--our nation itself was a start-up founded by immigrants. The Immigrant Exodus demonstrates the danger this country faces if it continues to turn away such a precious resource." --World Policy Review "A must-read for anyone who wants to understand why America is losing the talent race." --Elon Musk, CEO of SpaceX and co-founder of Tesla Motors and PayPal "As the son of immigrants and a champion of American Innovation, I can think of no more important book for our politicians and CEOs to read. Get it, read it and fix this problem now." --Peter H. Diamandis, MD, Chairman/CEO, X PRIZE Foundation and author of Abundance: The Future Is Better Than You Think "Talk about hitting our economy when it's down! And we're doing it to ourselves, as Vivek Wadhwa's shocking new book illustrates...Vivek's timely book should wake Washington up to this destructive folly." --Steve Forbes, Chairman and Editor-in-Chief of Forbes Media "Over the past couple of years, Wadhwa has been at the forefront sounding the alarm about America's flawed immigration system. In The Immigrant Exodus, he writes persuasively about the problem and what we need to do to solve it. A must-read." --Reid Hoffman, co-founder and executive chairman, LinkedIn and partner at Greylock "With his masterful blend of hard-hitting analyses and empathy for the real people who strive to succeed, Wadhwa lays out a strategy for keeping America the birthplace of great innovation. The Immigrant Exodus is a must-read." --Freada Kapor Klein, Ph.D. founder, Level Playing Field Institute "Vivek hits the nail on the head: The key to unlocking American prosperity is making it easier for immigrant entrepreneurs to start businesses here and ultimately stay here. Voices like Vivek's are critical to making that reform possible." --Marc Andreessen, co-founder and partner, Andreessen Horowitz "I highly recommend The Immigrant Exodus for everyone who is concerned about America's competitiveness in the twenty-first century." --Vinod Dham, Executive Managing Director, IndoUS Venture Partners "The Immigrant Exodus points out clearly that America is in a stiff competition for valued immigrants, the entrepreneurs and the capital of the world, and we can do something about it." --Timothy Draper, Managing Director, Draper Fisher Jurvetson "The Immigrant Exodus is a cautionary tale of a great success going wrong and what we can do to reverse this trend before it is too late." --Mitch Kapor, founder Lotus Development Corp. "In The Immigrant Exodus, Wadhwa argues that America remains the beacon of hope for talented individuals from around the world. Let's not allow this flame to be extinguished." --Jeff Skoll, founder and chairman, Participant Media "A wakeup call. Vivek Wadhwa proposes enlightened and constructive ways to keep the American Dream alive for the best and brightest global talent." --Klaus Kleinfeld, Chairman and CEO, Alcoa "As a nation, we're fortunate to have Vivek Wadhwa and others advocating on behalf of America's future prosperity." --Muhtar Kent, Chairman and CEO, The Coca-Cola Company

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Book SynopsisThe progressive economics writer redefines the national conversation about American freedom “Mike Konczal [is] one of our most powerful advocates of financial reform‚ [a] heroic critic of austerity‚ and a huge resource for progressives.”—Paul KrugmanHealth insurance, student loan debt, retirement security, child care, work-life balance, access to home ownership—these are the issues driving America’s current political debates. And they are all linked, as this brilliant and timely book reveals, by a single question: should we allow the free market to determine our lives? In the tradition of Naomi Klein’s The Shock Doctrine, noted economic commentator Mike Konczal answers this question with a resounding no. Freedom from the Market blends passionate political argument and a bold new take on American history to reveal that, from the earliest days of the republic, Americans have defined freedom as what we keep free from the control of the market. With chapters on the history of the Homestead Act and land ownership, the eight-hour work day and free time, social insurance and Social Security, World War II day cares, Medicare and desegregation, free public colleges, intellectual property, and the public corporation, Konczal shows how citizens have fought to ensure that everyone has access to the conditions that make us free. At a time when millions of Americans—and more and more politicians—are questioning the unregulated free market, Freedom from the Market offers a new narrative, and new intellectual ammunition, for the fight that lies ahead.Trade ReviewPraise for Freedom from the Market:“The Roosevelt Institute’s Konczal is one of the warriors in this fight, arguing fiercely for the need to set much narrower limits on what is left to markets than has been the case in recent decades. A powerful polemic.”—Martin Wolf, Financial Times“Freedom from the Market arrives at a moment when, as Konczal observes, millions of Americans are recovering a legacy of fighting market rule.”—Los Angeles Review of Books“Freedom from the Market has the potential to be a very important book, focusing attention on the contested, messy but crucially important intersection between social movements and the state. It provides a set of ideas that people on both sides of that divide can learn from, and a lively alternative foundation to the deracinated technocratic notions of politics, in which good policy would somehow, magically, be politically self supporting, that has prevailed up until quite recently. Strongly recommended.”—Crooked Timber“Invaluable, thoughtful and thought-provoking.”—Midwest Book Review“By identifying an alternative grammar, one that is grounded in the American past, Freedom from the Market provides a way out of the political cul-de-sac created by the failure of the market to deliver on its promises of ‘freedom.’”—Democracy: A Journal of Ideas“With carefully selected examples and lucid prose, Konczal makes a convincing case that the American project has long depended on rigorous regulation of capitalism. Progressive voters and policy makers will find plenty of ammunition for their arguments in this cogent history.”—Publishers Weekly“An economic manifesto on behalf of the 99% poorly served by the present economy.”—Kirkus Reviews“Providing solid cases where government regulations helped to give Americans a better life, this will appeal to progressives looking for a history of their movement.”—Library Journal “Freedom from the Market is an impressive book, easily one of the best I’ve read in the past several years. I cannot recommend it highly enough.”—Matt Mazewski, Commonweal “Markets will set us free—except when they won’t, don’t, can’t. In this deeply researched yet eminently readable book, Mike Konczal tells the powerful forgotten story of how American democracy once tamed markets to advance our freedom, and shows us how it could do so once again.”—Jacob Hacker, professor of political science, Yale University, and New York Times bestselling author of Winner-Take-All Politics and American Amnesia “Konczal’s analysis brilliantly dismantles the false illusions of market freedom in every sector, including finance, health care, and labor. This book explains how Americans have been hoodwinked into a coercive economy even as we were promised the opposite.”—Mehrsa Baradaran, professor of law, UC Irvine, and author of The Color of Money and How the Other Half Banks “Mike Konczal is that rare economics commentator who thinks the economy should serve people, not the other way around. Freedom from the Market reclaims from the dustbin of history the Americans who dreamed of a vastly different kind of freedom than the one we’re now taught to revere.”—Sarah Jaffe, author of Necessary Trouble: Americans in Revolt and Work Won’t Love You Back “Mike Konczal’s powerful historical study links political struggles over land, time, care, and education around the idea of freedom, reclaiming this familiar watchword and asking readers to think anew about its real meaning.”—Kimberly Philips-Fein, associate professor, New York University, and author of Fear City and Invisible Hands

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Book SynopsisIf you want to know why American Indians have the highest rates of poverty of any racial group, why suicide is the leading cause of death among Indian men, why native women are two and a half times more likely to be raped than the national average and why gang violence affects American Indian youth more than any other group, do not look to history. There is no doubt that white settlers devastated Indian communities in the 19th, and early 20th centuries. But it is our policies today—denying Indians ownership of their land, refusing them access to the free market and failing to provide the police and legal protections due to them as American citizens—that have turned reservations into small third-world countries in the middle of the richest and freest nation on earth. The tragedy of our Indian policies demands reexamination immediately—not only because they make the lives of millions of American citizens harder and more dangerous—but also because they represent a microcosm of everything that has gone wrong with modern liberalism. They are the result of decades of politicians and bureaucrats showering a victimized people with money and cultural sensitivity instead of what they truly need—the education, the legal protections and the autonomy to improve their own situation. If we are really ready to have a conversation about American Indians, it is time to stop bickering about the names of football teams and institute real reforms that will bring to an end this ongoing national shame.Trade Review“The New Trail of Tears is a much-needed revelation of heart-breaking conditions on American Indian reservations—and of the attitudes, incentives, and politics that make the people living on those reservations even worse off than other low-income minorities, including American Indians living elsewhere in American society. The laws and policies behind these human tragedies have wider implications for welfare state assumptions and politically correct decisions, including the grossly misnamed ‘Indian Child Welfare Act.’ This book is an insightful and much-needed introduction to a subject that deserves much more public attention than it gets, both for its own sake and for what it reveals about the political and ideological climate of our time.” —Thomas Sowell “I've grubbed in the data regarding American Indian poverty for years, but none of my numbers will have the effect of Naomi Riley's investigation and prose. Through clear thinking and personal accounts, she articulates why this ignored minority remains in poverty and how they can escape it. The New Trail of Tears is a must read if you care about the plight of poor people, in general, and American Indians, in particular.” —Terry L. Anderson, author of Unlocking the Wealth of Indian Nations and senior fellow of The Hoover Institution at Stanford University “Clear evidence of the tragedy that results when individual property rights are equated with group rights.” —Amity Shlaes, presidential scholar at the Kings College and author of Coolidge and The Forgotten Man “The New Trail of Tears is a powerful antidote to the romantic nonsense about the history of American Indian groups that pervades our school curriculum today, and a stinging indictments of the paternalistic public policies that continue to keep most Indians mired in poverty even now. Written in lively and lucid prose, it is my candidate for the book-of-the-year on racial issues in the United States.” —Stephan Thernstrom, Winthrop Professor of History Emeritus at Harvard University

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Book SynopsisThe dramatic inside story of the most important case in the history of sovereign debt law Unlike individuals or corporations that become insolvent, nations do not have access to bankruptcy protection from their creditors. When a country defaults on its debt, the international financial system is ill equipped to manage the crisis. Decisions by key individuals—from national leaders to those at the International Monetary Fund, from holdout creditors to judges—determine the fate of an entire national economy. A prime example is Argentina’s 2001 default on $100 billion in bonds, which stands out for its messy outcomes and outsized impact on sovereign debt markets, sovereign debt law, and IMF policy. Default is the riveting story of Argentina’s sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. This detailed case study describes the intense fight over the role of the IMF in Argentina’s 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts. This cautionary tale lays bare the institutional, political, and legal pressures that come into play when a country cannot repay its debts. It offers a deeper understanding of how global financial capitalism functions for those who work in or study debt markets, international finance, international relations, and international law.Table of ContentsForeword Introduction1 Argentina Defaults Then Fights with the IMF (December 2001–March 2003)2 The Three-Way War: Argentina Battles with Creditors and the IMF over the Debt Deal (January 2003–April 2004)3 Kirchner's Triumph: Argentina's 2005 Debt Restructuring (April 2004–June 2005)4 Backstory: Elliot's War on Peru (1996–2000)5 Raid on the Argentine Central Bank (December 2005–January 2007)6 All Plaintiffs Big and Small (June 2005–December 2009)7 Turning Point (2010)8 Equal Treatment (October 2010–May 2014)9 Argentina's Economic Stumbles and Elliott's Worldwide War (October 2010–June 2014)10 It All Falls Apart (June 2014–November 2015)11 The Settlement (December 2015–April 2016)EpilogueConclusion AcknowledgmentsAppendix A: Featured CharactersAppendix B: Timeline of EventsGlossaryNote on SourcesNotesAbout the Author

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Book SynopsisThis book analyzes how financial liberalization affected the development of the financial crisis in Europe, with particular attention given to the ways in which power asymmetries within Western Europe facilitated financial liberalization and distributed the costs and gains from it. The author combines institutional narrative analysis with empirical surveys and econometrics, as well as country-level studies of financial liberalization and its consequences before and after the 2008 Global Financial Crisis.Author Nina Eichacker charts institutional liberalization and privatization of European finance from the 1960s onward and presents a survey of descriptive statistics that show how different financial stability, financial flow and macroeconomic variables have changed in Western Europe since the early 1980s, generally increasing financial and economic instability. It also demonstrates the change in securitization, and European banks' tendencies to hold securitized assets on their balance sheets. It creates a framework for understanding the power dynamics between national, industrial, and class interests in Western Europe that promoted secular financial liberalization as well as the institutional design of the EMU that mandated financial liberalization. Finally, it examines the process of financial liberalization in detail in three states, Iceland, Ireland, and Germany. Students and researchers interested in financial liberalization and financial crises as well as policymakers will find the analyses in this book invaluable.Table of ContentsContents: 1. Introduction 2. European Financial Liberalization Since WWII 3. Empirical Trends in European Finance 4. Financial Liberalization and the Onset of Financial Crisis in Western Europe Between 1983 and 2011 5. A Political Economy of European Financial Integration 6. German Financialization, the Global Financial Crisis, and the Eurozone Crisis 7. Icelandic and Irish Financial Liberalization, Crisis, and Aftermath 8. Conclusion Bibliography Index

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Book SynopsisA top-to-bottom look at England's national game, from one of the UK's leading business economists.The Premier League is the most commercially successful football league in history, the self-proclaimed 'best league in the world'. But success has come at a cost, unbalancing the English game to a profound and damaging degree.Football's stumbling response to COVID-19 and the European Super League disaster are just the most recent examples. It is estimated that more than two thirds of the country's 92 professional clubs are loss-making; payments to agents each year regularly total more than the combined income of all 44 clubs in Leagues 1 and 2; supporters have been squeezed to the limit; racist incidents are on the rise; grassroots facilities are in a dreadful state; and failed World Cup bids have severely weakened England's standing in the global game. The national team's performance at Euro 2020 can't paper over the cracks.There is an alternative. In this revealing and eye-opening analysis, leading economist Mark Gregory reveals the breadth and depth of the problems facing our national men's game, and shows us a way to bring football home for good.Trade ReviewMark Gregory... knows what he is talking about...you will understand a great deal more about English football and its coming cataclysm than you did before... [a] manifesto for change and returning the game to its roots' -- David Aaronovitch * The Times *

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Book SynopsisJapan?s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term '?Japanization'? is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judicious volume investigates in depth the causes of Japan?s ?lost decades? versus the real recovery achieved by the United States, and the lessons that can be learned.This book helps to provide a basis for assessing a wide range of policy approaches from which policymakers and governments can choose to avoid economic decline. The expert contributions provide an overview of the pattern of '?Japanization'? in a global economic perspective, analyze similarities and differences between the Korean and Japanese economies, and examine policies taken by Japan during the lost decades. From this analysis, the book proposes future policy solutions for countries experiencing ?'Japanization'?.Economic stagnation and the relevant policy reactions have been of keen interest around the globe since the global financial crisis and this book will be an invaluable resource for scholars, policymakers, and economic commentators alike.Contributors include: D. Cho, M. Fukao, K. Ito, T. Ito, D. Jeong, K.-C. Jung, S.T. Kim, Y.G. Kim, K. Kwon, A. Mason, J. Oh, I. Saito, J. Schiff, I. SongTrade Review‘. . . this book is a valuable summary of where the discussion on Japanese deflation is, and why research on this topic needs to be taken further. The prospect of ‘Japanization’ in the rest of the world, raised by Takatoshi Ito, is one that cannot be left to regional experts.’ -- Economic IssuesTable of ContentsContents: Preface 1. Introduction and overview Dongchul Cho, Takatoshi Ito and Andrew Mason PART I AGING, INDUSTRY MATURATION AND JAPANIZATION 2. Japanization: Is it spreading to the rest of the world? Takatoshi Ito 3. GDP growth from the perspective of demographic change: Will aging Korea become another Japan? Kyooho Kwon 4. Export dynamics of Japan, Korea and China Kyu-Chul Jung PART II RESOURCE ALLOCATIONS AND TFP 5. Product market efficiencies and TFP: A comparative study of Japanese and Korean firms Keiko Ito and YoungGak Kim 6. Misallocation in the manufacturing sector of Korea: A micro data analysis Jiyoon Oh PART III ROLES OF FINANCIAL MARKETS 7. Financial market efficiency: A comparative perspective Mitsuhiro Fukao 8. How to deal with the rise of zombie firms in Korea Daehee Jeong PART IV MONETARY POLICY AND HOUSE PRICES 9. Deflation and monetary policy Barry Eichengreen 10. Is Korea’s monetary policy following in the footsteps of Japan? Dongchul Cho 11. Aging and housing prices: The cases of Korea and Japan Inho Song PART V JAPANIZATION AND FISCAL POLICY 12. Avoiding another “lost decade”: What role for fiscal policy? Jerry Schiff and Ikuo Saito 13. Lessons for Korea from Japan’s fiscal policy SeongTae Kim Index

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Book SynopsisFinancialisation and the Financial and Economic Crises provides comparative, empirical case studies of a diverse set of eleven countries. In particular, the book helps in understanding the current (mal)performance of Euro area economies by explaining the causes of the shifts in growth regimes during and after the crises. It goes well beyond the dominant interpretation of the recent financial and economic crises as being rooted in malfunctioning and poorly regulated financial markets.The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in eleven selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analyzed in the final chapter. Offering an illuminating overview and invaluable alternative perspective on the long-run developments leading to the recent crises, this book is essential reading for researchers, students and policymakers and an ideal starting point for further research.Contributors: S. Bahçe, R. Barradas, C.A. Carrasco, H. Cömert, G. Cornilleau, J. Creel, D. Detzer, N. Dodig, N. Erdem, T. Evans, J. Ferreiro, G. Gabbi, C. Gálvez, C. Gomez, A. González, E. Hein, E. Juuse, E. Karaçimen, A.H. Köse, S. Lagoa, E. Leão, J. Lepper, Ö. Orhangazi, G. Özgür, R. Paes Mamede, M. Shabani, A. Stenfors, E. Ticci, J. Toporowski, L. Tserkezis, J. Tyson, Y. Varoufakis, P. Vozzella, G.L. YalmanTable of ContentsContents: Preface 1. Financialisation and the Financial and Economic Crises: Theoretical Framework and Empirical Analysis for 15 Countries Nina Dodig, Eckhard Hein and Daniel Detzer 2. The Crisis of Finance-led Capitalism in the United States Trevor Evans 3. Monetary Adjustment and Inflation of Financial Claims in the UK after 1980 John Lepper, Mimoza Shabani, Jan Toporowski and Judith Tyson 4. Financialisaton and the Economic Crisis in Spain Jesús Ferreiro, Cataliana Gálvez and Anna Gonzáles 5. Financialisation and the Crisis: The Case of Greece Yanis Varoufakis and Lefteris Tserkezis 6. The Real Sector Developments in Estonia – Financialisation Effects Behind the Transition Process Egert Juuse 7. Financialisation and the Crisis in the Export-led Mercantilist German Economy Daniel Detzer and Eckhard Hein 8. Swedish Financialisation: ‘Nordic Noir’ or ‘Safe Haven’? Alexis Stenfors 9. France, a Domestic Demand-led Economy Under the Influence of External Shocks Gérard Cornilleau and Jérôme Creel 10. The Transmission Channels Between the Financial and the Real Sectors in Italy and the Crisis Giampaolo Gabbi, Elisa Ticci and Pietro Vozzella 11. The Long Boom and the Early Bust: The Portuguese Economy in the Era of Financialisation Ricardo Paes Mamede, Sérgio Lagoa, Emanuel Leão and Ricardo Barradas 12. Financialisation and the Financial and Economic Crises: The Case of Turkey Serdal Bahçe, Hasan Cömert, Nilgün Erdem, Elif Karaçimen, Ahmet Haşim Köse, Özgür Orhangazi, Gökçer Özgür and Galip L.Yalman 13. The Impact of the Financial and Economic Crisis on European Union Member States Carlos A. Carrasco, Jesus Ferreiro, Catalina Galvez, Carmen Gomez and Ana González Index

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Book SynopsisThe growth of manufacturing industries can be a key factor in helping to mitigate global recession. Productivity Growth in the Manufacturing Sector highlights key issues and possible remedies facing the manufacturing sector in range of international contexts. Focusing on specific manufacturing sectors in emerging and developing economies, chapters examine themes including developing economies amidst changing world trade dynamics, and the role of smart, circular and competitive manufacturing practices in enhancing economic resilience, as well as presenting sector specific analysis, including the metal manufacturing industry, food & beverage industry, and the small-scale manufacturing sector. Showcasing different demonstrative methods that can be adopted to grow manufacturing sectors in different contexts, Productivity Growth in the Manufacturing Sector is an important tool for economists and policy makers to understand the complexity and realities of these economies, using recent data and methodology.Table of ContentsPART I. MANUFACTURING PRODUCTIVITY AT THE GLOBAL PERSPECTIVESChapter 1. Is Productivity Growth in Manufacturing Sector a Driving Force Towards Mitigating Global Recession? A Cross-Country Explanation from Panel Data: 1990-2018; Abhijeet Bag, Sarbapriya Ray, and Mihir Kumar Pal Chapter 2. Effects of Labour Productivity and Growth of Manufacturing Sector on Overall Growth of the Nation - A Panel Data Analysis of the Major Economies; Nilendu Chatterjee and Tonmoy Chatterjee Chapter 3. Domestic Tariff and Manufacturing Trade: A Comparative Study on USA and China; Madhabendra Sinha, Abhijit Dutta, and Partha Mukhopadhyay Chapter 4. Identifying the Relationship between Labor Productivity and Economic Development for Turkey; Hakan Kalkavan, Serhat Yüksel, and Hasan Dinçer Chapter 5. The Current Setting of Contribution of Manufacturing Sector relative to other Allied Sectors over GDP Growth: An Analysis in Regional and Income Class Classifications of Countries; Subhasis Bhattacharya Chapter 6. Smart, Circular and Competitive Manufacturing Industry as a Key for Enhancing Resilience of the Global Economy; Egemen Sertyesilisik and Begum Sertyesilisik Chapter 7. The US-China Trade Conflict and Dynamics of Multi Sector International Trade; Ashu Tiwari Chapter 8. ‘Up In The Downturn’: Was There Any Role of The US Subprime Crisis on The Slump In Growth of India’s Manufacturing Sector Between 2007-2010?; Sovik Mukherjee Chapter 9. Relationship between Efficiency and Intellectual Capital of Select Indian Manufacturing Firms: Is there any Implication of Global Financial Crisis?; Sumit Kumar Maji and Arindam Laha PART II. MANUFACTURING PRODUCTIVITY AT THE INDIAN PERSPECTIVES Chapter 10. Workforce Compensation and Productivity Growth in Indian Manufacturing Sector: Lessons for Human Resource Management; Sudhanshu Daharwal and Pulak Mishra Chapter 11. Sources of Total Factor Productivity Growth of the Organized Manufacturing Industries in Gujarat, India: A Stochastic Frontier Approach; Prasanta Kumar Roy, Mihir Kumar Pal, and Purnendu Sekhar Das Chapter 12. Productivity Growth in the Indian Manufacturing Sector: A way of Mitigating Recession; Sibsankar Satpathi and Md Rakibul Hasan Chapter 13. Growth and Productivity of Unorganised Manufacturing Enterprises: An Analysis across States/UTs in India; Pinaki Das and Akash Dandapat Chapter 14. Scope of Mitigating Recession in Manufacturing Output through Productivity Growth: Evidence using Nonparametric Data Envelopment Analysis and firm level data from Indian Textile Industry; Sanchita De and Arpita Ghose Chapter 15. Key Aspects Related to Manufacturing Industries: A Study In Eastern India; Anirban Sarkar, Prabal Chakraborty, and Suchitra Kumari Chapter 16. India’s readymade garments export in the scenario of trade openness: an analysis of trend and structural break; Shrabanti Maity and Anup Shinha Chapter 17. Analysis of Causality between Wage and Productivity in Food and Beverage Industry in India; Soma Pal, Chandrima Chakraborty, and Dipyaman Pal Chapter 18. Role and Prospects of Food Processing Industries in Indian Economy – An Analysis; Sankar Das and Bappaditya Biswas Chapter 19. A Threadbare Analysis on the State of Affairs of Indian Automobile Sector in the Aftermath of Present recessional trend and it's remedy; Antara Bhattacharyya, Dipti Ghosh, and Amit Majumder

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Book SynopsisIn the aftermath of the devastating economic depression suffered for almost a decade, Modeling Economic Growth in Contemporary Greece assesses the conditions shaping the Greek economy's restart, discussing the effect of institutions on the business environment and highlighting the factors which are critical for achieving sustainable economic growth. The intrinsic properties of the Greek economic and business environment imply that there are country-specific factors responsible for the performance of the Greek economy, which is differentiated from its European counterparts. Despite being a member of the European Union since 1981 and one of the twelve first countries who adopted the euro, Greece has not been able to converge in crucial macroeconomic indicators with the early euro area Member States. The European stimulus package to support post COVID-19 recovery appears as a unique opportunity for Greece to develop a long-term vision and materialize reforms that will unlock the economy's true potential. This latest book in the Entrepreneurship and Global Economic Growth series is centred around the determinants of and obstacles to Greece’s sustainable economic growth, presenting the macroeconomic and external environment and the dynamics of Greek economy and focuses onto internal conditions shaped by country-specific characteristics affecting labor and product markets’ efficiency and the performance of institutions and production factors.Table of ContentsForeword; Apostolos Serletis Chapter 1. Determinants of and Obstacles to Economic Growth in Contemporary Greece; Vasileios Vlachos, Aristidis Bitzenis, and Bruno S. Sergi Part 1 – Dynamics of the Greek economy Chapter 2. Competitive Position and Dynamics of the Greek Economy; Vasileios Vlachos and Aristidis Bitzenis Chapter 3. An Odyssey with a happy end? Growth challenges, successes and failures of Greece During COVID-19 Era; Konstantinos J. Hazakis Chapter 4. Forecasting Greek Real GDP Based on ARIMA Modeling; Chaido Dritsaki and Melina Dritsaki Chapter 5. Nominal or real convergence with the EMU criteria: The case of Greece; Aristidis Bitzenis and Pyrros Papadimitriou Part 2 – Policies, Institutions, and Markets Chapter 6. The Interactions between Governance Quality and Economic Development; Chara Vavoura, Dimitris Manolopoulos, and Ioannis Vavouras Chapter 7. Social Policy in Dribs and Drabs for the Greek Crisis; Dimitris Venieris Chapter 8. The Greek Labour Market during the Crisis: New Evidence on the Evolution of Wages, Employment and Unemployment; Evangelia Papapetrou and Pinelopi Tsalaporta Chapter 9. SME Productivity in Greece: The Role of Human Capital, ICT Adoption and Innovation; Ioannis Giotopoulos, Pelagia Kontaxaki, and Helen Louri Chapter 10. The impact of Competition Law on the Greek economy; Mark Clough QC and Efthymios Bourtzalas Part 3 – Characteristics and performance of selected industries Chapter 11. Greek Banking System during the Crisis and Beyond; Fotios Pasiouras and Minas-Polyvios Tsagkarakis Chapter 12. The Agri-Food Sector in Greece: Prospects and Possibilities; Stathis Klonaris Chapter 13. Energy Resources, Local Content Policies and Economic Growth: The case of Hydrocarbon Exploration in Greece; Stella Tsani Chapter 14. The importance of tourism for the Greek Economy: Traits and development; Iordanis Katemliadis and Andreas Papatheodorou Chapter 15. The Greek ICT Sector and its Contribution to Innovation and Economic Growth; Aggelos Tsakanikas, Petros Dimas, and Dimitrios Stamopoulos Chapter 16. Issues, Policies and Contribution of the Greek Transport Industry to Economic Growth; Tania Pantazi and Vasileios Vlachos

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Book SynopsisThis volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the impact machine learning models have on forecasting, the levels and effects of financial literacy of farmers in Thailand, as well as the need to prioritise increasing employee engagement for sustainability. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as corporate social responsibility and the effects of public policy. Environmental, Social, and Governance Perspectives on Economic Development in Asia also includes empirical studies in financial economics and public governance. For example, one chapter considers the influence of green supply chain integration and environmental uncertainty on performance in Indonesia, while another empirically studies Banking Development and Household Welfare in Thailand. Together, ISETE 29 volume A, is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. The Neo-Fisherianism to Escape Zero Lower Bound; Siddhartha Chattopadhyay Chapter 2. Do Machine Learning Models hold the key to better Money Demand Forecasting?; Taniya Ghosh and Sakshi Agarwal Chapter 3. The Role of Money in the Monetary Policy: A New Keynesian and New Monetarist Perspective; Masudul Hasan Adil, Neeraj R. Hatekar, and Taniya Ghosh Chapter 4. Return and Volatility Linkages between Bitcoin, Gold price and Oil price: Evidence from Diagonal BEKK-GARCH Model; Surachai Chancharat and Julaluk Butda Chapter 5. Sin Stock Proportion and Investment Manager Education Background in Indonesian Equity Funds; Taufik Faturohman, Karina Agri Widjaya, Yulianti, and Kurnia Fajar Afgani Chapter 6. Banking Development and Household Welfare in Thailand: Evidence from a Panel Survey; Kanokporn Intharak, Surachai Chancharat, and Jakkrich Jearviriyaboonya Chapter 7. Financial literacy: Does it improve well-being? A Case Study of Farmers in Khon Kaen, Thailand; Natchaya Thongrak, Surachai Chancharat, and Ploypailin Kijkasiwat Chapter 8. The Interlinkages and Diversification Opportunities among Emerging Bond Markets: BRIC and BRICS Comparison; Adefemi A. Obalade, Tsepang Moeti, Vijen Moodley, Yusuf Randeree, and Paul-Francois Muzindutsi Chapter 9. Inflation Volatility in Indonesia Using ARIMA Model: Before and During Covid-19; Setyo Tri Wahyudi, Rihana Sofie Nabella, and Kartika Sari Chapter 10. Education and Socialization Investment Galleries to Improve Capital Market Inclusion; Dito Rinaldo and Vina Anggilia Puspita Chapter 11. Relationship Between Income Smoothing and Earnings Announcement; Agustin Palupi

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Book SynopsisThis volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the consequences of green supply chain integration and environmental uncertainty on performance, along with the effects of perceived organisational support, transformational leadership, and teamwork on employee engagement. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as corporate social responsibility and the effects of public policy. Environmental, Social, and Governance Perspectives on Economic Development in Asia also includes empirical studies in financial economics and public governance. For example, one chapter analyses the impact of COVID-19 pandemic risk and lockdown on the Indian economy, while another empirically studies the influence of word of mouth variables on visits and re-visits for ecotourism in West Java. Together, ISETE 29 volume B, is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. The Economic Performance of China in Trade War: The Case Study of Three Global Economic Crisis in 1997 – 2020; Budi Sasongko, Suryaning Bawono, and Bambang Hadi Prabowo Chapter 2. Identifying Neighborhood Reinforcement Method to Enhancing Socio-Economic Development in Indonesia: A Quintuple Helix Perspective; Vidya Purnamasari, Ermita Yusida, Vika Annisa Qurrata, Santi Merlinda, Linda Seprillina, and Wen-Chi Huang Chapter 3. Materiality Analysis and CSR in Micro, Small, and Medium Enterprises; Erwin Saraswati Chapter 4. Green Supply Chain Integration and Environmental Uncertainty to Performance: The Mediating Role of Green Innovation; Siti Aisjah and Sri Palupi Prabandari Chapter 5. Entrepreneurial Perspective on Firm’s Environmental Activities; Duangporn Puttawong and Anusorn Kunanusorn Chapter 6. Facing International Environmental Challenges by Enhancing Employee Engagement; Reny Diana and B. Medina Nilasari Chapter 7. Innovation Orientation, Marketing Capability, Dynamic Capability, and Performance; Bahrun Borahima, Noermijati Noermijati, Djumilah Hadiwidjojo, and Ainur Rofiq Chapter 8. The Interactive Effect of Ethical Leadership and Employee Citizenship Behaviour on Organisational Success: Do Lenses of Corporate Governance Matter?; Amy Yeo Chu May, Carmen Teoh Chia Wen, and Jeffton Low Boon Tiong Chapter 9. Entrepreneurship in The Tourism Industry: Implication on Sustainable Economic Development; Murniati, Ghozali Maski, Iswan Noor, and Marlina Ekawaty Chapter 10. Investigation of Taxation Knowledge, Services, and Sanctions of The Head of Village Government Financial Affairs of Gunung Kidul Regency in Indonesia; Sang Ayu Putu Piastini Gunaasih Chapter 11. Impact of COVID-19 Pandemic Risk and Lockdown on the Indian Economy; Soumya Bhadury Chapter 12. The Impacts of Electronic Word of Mouth on the Intention of Patients to Join “In Vitro Fertilization” Program; Muhammad Rizal, Endang Ruswanti, and Moehammad Unggul Januarko Chapter 13. Model of Increasing Tourists Revisit Intention: Utilising the Environment as an Ecotourism Area; Dani Dagustani, Gatot Iwan Kurniawan, Heppy Agustiana Vidyastuti, and Rediawan Miharja

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Book SynopsisThis 30th volume of the International Symposia in Economic Theory and Econometrics explores the latest social and financial developments across Asian markets. Chapters cover a range of topics such as the impact of COVID-19 related events in Southeast Asia along the determinants of capital structure before and during the pandemic; the influence of new distribution concepts on macro and micro economic levels; as well as the effects of long-term cross-currency basis swaps on government bonds. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as real earnings impact and the effects of public policy. Together, Quantitative Analysis of Social and Financial Market Development is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. Effect of Related Party Transaction and Political Connection on Real Earnings Management: Study on Manufacturing Companies Listed in Indonesia Stock Exchange; Agustin Palupi and Lusia Tania Aurelia Chapter 2. Exchange Rate Volatility and Tourist Arrivals from ASEAN to Malaysia; Eliza Nor, Tajul Ariffin Masron, and Hu Xiang Chapter 3. The Impact of Long-Term Cross-Currency Basis Swap on Japanese Government Bonds: Analysis of Different Non-traditional Monetary Policy Regimes ; Takayasu Ito Chapter 4. The Impact of COVID-19-Related Events on Indonesian Composite and Sectoral Index; Muhammad Hasan Ghazali and Taufik Faturohman Chapter 5. Customer Satisfaction of E-Wallet User: An Adoption of Information System Success Model; Fariq Rahadiyan Chalik and Taufik Faturohman Chapter 6. Stable Financial Performance as the Antecedent of ESG Activity and Firm Value Relationship: An Evidence from Indonesia; Yavida Nurim, Nung Harjanto, Paulina I. Prabawati, and Nur R. Wijaya Chapter 7. An Initial Study of Knowledge Sharing Policies in Higher Education; Lina Anatan Chapter 8. An Empirical Analysis of Firm-specific Determinants of Capital Structure Before and During COVID-19 Pandemic: Evidence from Listed Hotels, Restaurants, and Tourism Entities on the Indonesia Stock Exchange; Taufik Faturohman and Rashifa Qanita Noviandy Chapter 9. Modern Concepts of Distribution of Knowledge and Their Influence on the Process of Diffusion of Innovations on Macro and Micro Levels of Economy; Mikhailov Fedor Borisovich, Miasnikov Dmitrii Alekseevich, and Fakhrutdinov Bulat Ildarovich Chapter 10. Are Unhappy People More Likely to Be Religious? Evidence from Chinese Rural Elderly; Liying Xia, Jianbo Zhang, and Xuelin Ma

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Book SynopsisThe 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.Trade ReviewThis book is a real tour de force in clarity and tremendous scope. It should be on the reading list for all advanced economics graduate students. -- Jess Benhabib, Paulette Goddard Professor of Political Economy in the Faculty of Arts and Science at New York UniversityThis book is a monumental work, an important contribution to economics -- Karl Shell, Robert Julius Thorne Professor of Economics Emeritus, Cornell University. Founding Editor, Journal of Economic TheoryTable of ContentsIntroduction. Introduction Chapter 1. Origins of the Workhorse Models Chapter 2. OLG – The Next Generations, 1960-1970 Chapter 3. Expectations and the Neutrality of Money c. 1972: From OLG to SOLG Chapter 4. Infinite Lived Agents: Dynasty, 1970-1980 Chapter 5. OLG and Money, 1970-1980 Chapter 6. OLG and Theory, 1970-1980 Chapter 7. Boomers Chapter 8. Gen X and Beyond: 1995-2015 Chapter 9. The Ascendance of ILA and the Future of Macro Chapter 10. Morphology of OLG Models and Methods in Comparative Perspective Chapter 11. Summary and Conclusion

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Book SynopsisThis volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the online market's impact on Indonesia's social welfare system, the influence of organizational culture on the triple bottom line performance of large manufacturing companies in the Philippines, and the impact of economic policy uncertainty on foreign direct investment inflows in India. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as sustainability and the effects of public policy. Recent Developments in Asian Economics also includes empirical studies in financial economics and public governance. For example, one chapter considers the consumption and satisfaction of Chinese rural residents, while another empirically studies the effects of sharia disclosure and sharia supervisory boards on Islamic banks' soundness. The papers in this volume have been compiled from four conferences in Asia and Australia, including the SIBR 2020 Sydney Conference on Interdisciplinary Business and Economic Research, which was held in Sydney, Australia; the 5th Indonesian Finance Association (IFA) Conference held in Manado, Indonesia in 2019; the 1st International Doctoral Colloquium on Business and Economics in Surakarta, Indonesia; and the 5th Sebelas Maret International Conference on Business, Economics and Social Sciences held in 2018 in Bali, Indonesia. Together, ISETE 28 is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. The Impact of Online Market toward Social Welfare on Fourth Industrial Revolution (Industry 4.0) Era: A Case at Bulan Terang Utama (BTU) Online Market Malang; Ermita Yusida, Vika Annisa Qurrata, Vidya Purnamasari and Wen-Chi Huang Chapter 2. Structural Equation Model on Triple Bottom Line Performance of Large Manufacturing Companies in Region XII, Philippines; Vergil Joseph I. Literal and Eugenio S. Guhao, Jr. Chapter 3. Determinants of Students’ Perceptions of the Green University; Sylvia Veronica Siregar and Bayu Tenoyo Chapter 4. Analysis on Sources of Inefficiency in the Construction Sector: High Cost of Infrastructure Development in Indonesia; Anang Muftiadi, Rivani and Dian Fordian Chapter 5. Can Reelection Strengthen the Relationship Between Local Government Spending and Financial Performance?; Hidayah Asfaro Saragih and Dyah Setyaningrum Chapter 6. Integrating Interdisciplinary Studies with the HCM Accounting Certificate to Reach the Milestone of Finalizing Post-Crisis Reforms (Basel III) Considering the Aggravating Effect of the COVID-19 Deficit; John P. Koeplin and Pascal Lélé Chapter 7. A Vulnerability Spillover Index for the Indian Financial System; Indrani Manna Chapter 8. Is Inflation Targeting Successful in Emerging Economies?; Vidhi Agarwal and Taniya Ghosh Chapter 9. Impact of Economic Policy Uncertainty on FDI inflows: Evidence from India; Aishanee Sinha and Taniya Ghosh Chapter 10. Consumption Life and Satisfaction of Chinese Rural Residents; Liying Xia, Jianbo Zhang and Xuelin Ma Chapter 11. The Impact of Institutional Quality on Stock Market Performance in Emerging Economy: Evidence from the ARDL Bound Approach; Woon Leong Lin, Aneeq Inam and Siong Hook Law Chapter 12. Herding Behavior: Evidence from Southeast Asian Stock Markets; Harjum Muharam, Aditya Dharmawan, Najmudin and Robiyanto Robiyanto Chapter 13. Private Information from Extreme Price Movements (Empirical Evidences from Southeast Asia Countries); Usman Arief and Zaäfri Ananto Husodo Chapter 14. The Impacts of Divisia Money on MYR/USD Exchange Rate Determination in Malaysia; Choi-Meng Leong, Chin-Hong Puah, Venus Khim-Sen Liew and Nadiya Matviychuk-Soskina Chapter 15. Modelling Exchange Market Pressure in East Asian Economies; Evan Lau, Jenny Yong and Nurul Bariyah Chapter 16. The Impact of Equity Historical Market Price on Capital Structure; Miswanto Miswanto Chapter 17. Sharia Disclosure, Sharia Supervisory Board and the Moderating Effect of Regulatory Framework: The Impact on Soundness of Islamic Banking; Siti Khomsatun, Hilda Rossieta, Fitriany and Mustafa Edwin Nasution Chapter 18. Implementation Green Banking and Financial Performance of Commercial Bank in Indonesia; Tria Ratnasari, Arni Surwanti and Firman Pribadi Chapter 19. The Implementation of Human Capital Disclosures on the Financial Statements of Local Governments in Indonesia based on the Institutional Theory; Henny Murtini, Djoko Suhardjanto, Djuminah and Agung Nur Probohudono Chapter 20. Disclosure, Information Asymmetry and The Cost of Equity Capital: Evidence from Indonesia; Erna Setiany and Djoko Suhardjanto Chapter 21. Financial Technology and Bank Risk: A Cross Country Study; Nugroho Saputro, Ariyanto Adhi Nugroho and Irwan Trinugroho Chapter 22. The Use of Discretionary Spending as an Opportunistic Motive to Win the Election; Dewi Darmastuti and Dyah Setyaningrum Chapter 23. The Dynamic Impacts of Financial Determinants and Ownership Concentration towards Firm Survival in Malaysia; Suzaida Bakar and Bany Ariffin Amin Noordin Chapter 24. Heterogeneity of Inflation Expectations: An Analysis using IESH data; Ashima Goyal and Prashant Parab

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Book SynopsisThis book is a collection of some recent of the best articles by China Economist and it represents top Chinese economists major research outcomes and opinions on economic matters, status and trends from various perspectives. Some work with China’s highest academic research institutes and policy consultation agencies, while others work with related agencies and universities. Hence, this book largely reflects the key concerns and efforts of economic research institutes, policy advisory agencies, regulatory policy research departments and universities on China’s economy.From the launching of reform and opening-up in 1978 to the dawn of the 21st century, China has been transformed from a self-enclosed, planned economy to a market-based one, and the country has integrated itself into the international community. China wishes to look beyond its border and engage in equal-footed dialogue with its partners and competitors. With China’s rapid emergence and great achievements, other countries increasingly want to learn more about this “mysterious oriental country” and the miraculous changes taking place here. However, we have also found that abroad, the public, high-ranking officials and even media and academia may not have a clear picture of China. Chinese scholars views on their country and beyond are not well understood by foreign scholars, not to mention people in the street, and overseas officials and scholars do not appreciate China’s realities. Legitimate claims and well intentioned expressions from China are often misunderstood or distorted by the media, and it seems that the world is unprepared for a changing China. China needs to know itself and the outside world, and the world needs to have a closer look at China as well. Research on the China phenomenon and its implications has become topical around the world. Hence, developing diversified channels and platforms of communication is necessary both in China and the outside world.In this book, which includes dozens of articles written by Chinese economists and researchers, authors wish to tell the world a truth: Although China has become the world’s second largest economy, its GDP per capita is very low. China remains a developing country, and development is its top priority and the basis for all welfare programs. The rights of development are basic human rights upon which China cannot waiver. Development is the best gift China has to offer to the world. Meanwhile, Chinese scholars should also recognize that China must deepen reform and expand opening-up, balance efficiency with fair income distribution, use resources in more efficient, refined and clean ways, and challenge its enterprises to assume more social responsibilities. Only in this way can China complete its historic transition from a developing country to a mature, modernized country.Table of Contents Part One: Macro economy Chapter 1 “Middle-Income Trap” and “High-Income Wall” : Challenges and Opportunities to China, by Liu Shijin et al Chapter 2 Don’t Overlook GDP and Investment: An Analysis of China’s Current Economic Trend, by Liu Shucheng Chapter 3 How Long Can China’s Economy Keep Growing? By Zhang Jun Chapter 4 How China Can Avoid the “Middle-Income Trap”,by Ma Xiaohe Part Two: Institution & Mechanism Chapter 5 The Contribution of Marketization to China’s Economic Growth, by Fan Gang et al Chapter 6 China’s Marketization since WTO Accession, by Li Xiaoxi Chapter 7 Shifting to a Market-Based Wage-Setting Mechanism for Low-Skilled Labor: Macro economic Effects, by Yang Ruilong et a Chapter 8 Regulation or Property Rights: The Effect of China’s Coal Mine Shutdown Policy on Work Safety, by Bai Chong’en et al Chapter 9 A Modeling Analysis of Local Governments Competing in Offering Subsidies to Attract Investment: the Cause of Industrial Overcapacity, by Jiang Feitao et al Part Three: Government Policy Chapter 10 China’s Sovereign Balance Sheet and Its Risk Assessment, by Li Yang et al Chapter 11 China’s Monetary Policy Instruments (2001-2010): Paradox, Analysis and Suggestions, by Wang Guogang Chapter 12 China’s Regional Policy Scenarios for 2011-2015 Period, by Wei Houkai et al Chapter 13 Developing Secondary Industry to Drive China’s Future Growth, by Jin Bei Chapter 14 Domestic Demand-based Economic Globalization: Strategic Choice for China to Profit from the Second Wave of Globalization, by Liu Zhibiao Part Four: Industrial Development Chapter 15 China’s Industries in the Beginning of Its 12th Five-Year Plan Period, by Jin Bei Chapter 16 Relying on Secondary Industry to Drive National Policy and Reinvigorate China’s Economy, by Huang Qunhui Chapter 17 Recalculating the Significance of Secondary and Tertiary Industries for Industrial Restructuring: Truth and Myth, by Li Gang et al Chapter 18 Technology Gaps, Resource Allocation and Economic Growth of Large Late starting Countries, by Ouyang Yao et al

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Book SynopsisLegendary economist Dr. Henry Kaufman shares a classic Wall Street story that has never been fully told: a firsthand account of the day in August 1982 that would define US economics for decadesDr. Henry Kaufman is the most famous economist Wall Street has ever seen, renowned well beyond the financial industry. He was the subject of New Yorker cartoons, had cameos in drama productions and two seminal literary works of the 1980s, was subject to death threats, and enjoyed the nickname "Dr. Doom." His pinnacle of influence arrived on August 17, 1982.That single day turned out to be the beginning of the world that we now live in. At the time, after painful years of high interest rates and the inflation of the late 1960s and 1970s, consumers were paying 17 percent and higher to borrow money. But by the end of one summer day almost 40 years ago, the stock market had undergone its second-biggest rally since WWII, while bond prices soared and interest rates plunged. Dr. Kaufman himself had written a memo that sparked this tremendous boom-and it set the global markets on fire, marking the start of almost four decades of US economic growth.The Day the Markets Roared answers the questions: • Why did Dr. Kaufman break with his longstanding bearish views to make a momentous prediction that spurred blaring headlines everywhere from Brazil to Beijing? • How could a private individual exercise such profound influence over global financial markets? • How did we get to today's rock-bottom and even negative rates? And what is their continuing impact on the economy, our financial markets and our livelihoods?The Day the Markets Roared is a firsthand, minute-by-minute account of one remarkable day in financial and economic history, with a rich cast of characters, from Salomon's John Gutfreund to interest rate guru Sydney Homer, to Dr. Kaufman's longtime friend, Fed Chairman Paul Volcker. Dr. Kaufman reflects on the lessons of the historic August 1982 episode, harkening back to a more optimistic moment in American history, and offering inspiration for better times ahead.Table of ContentsContents Preface and Acknowledgments Introduction: August 17, 1982, in Context Part I: What Happened 1: The Day 2: The Press Reaction Part II: Why It Happened 3: Intellectual Roots 4: Why I Was Bearish for So Long 5: Albert M. Wojnilower, “Dr. Death” 6: Critics, Threats, and Humor 7: Growing Pressures Part III: The Aftermath 8: Other Record Days on Wall Street 9: Lessons 10: New Realities AcknowledgmentsBibliographyEndnotesIndexAbout the Author

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Book Synopsis

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Book Synopsis

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