International economics Books

Book SynopsisA New York Times Bestseller!2019 was the last great year for the world economy.For generations, everything has been getting faster, better, and cheaper. Finally, we reached the point that almost anything you could ever want could be sent to your home within days - even hours - of when you decided you wanted it.America made that happen, but now America has lost interest in keeping it going.Globe-spanning supply chains are only possible with the protection of the U.S. Navy. The American dollar underpins internationalized energy and financial markets. Complex, innovative industries were created to satisfy American consumers. American security policy forced warring nations to lay down their arms. Billions of people have been fed and educated as the American-led trade system spread across the globe.All of this was artificial. All this was temporary. All this is ending.In The End of the World is Just the Beginning, author and geopolitical strategist Peter Zeihan maps out the next world: a world where countries or regions will have no choice but to make their own goods, grow their own food, secure their own energy, fight their own battles, and do it all with populations that are both shrinking and aging.The list of countries that make it all work is smaller than you think. Which means everything about our interconnected world - from how we manufacture products, to how we grow food, to how we keep the lights on, to how we shuttle stuff about, to how we pay for it all - is about to change.A world ending. A world beginning. Zeihan brings readers along for an illuminating (and a bit terrifying) ride packed with foresight, wit, and his trademark irreverence. Trade Review“Peter Zeihan is the Nostradamus of the twenty-first century. Using geography as his analytical foundation, he’s able to explain why nations behave the way they do today, and predict with astounding accuracy how they’ll behave tomorrow. Nowhere will you find a more objective and logical examination of geopolitical currents. A masterful blend of economics, demographics, environmental factors, cultural propellers, and realpolitik. The world is changing, especially America’s role in it, and Peter navigates this journey with clarity, rigor, and wit. If your passion is politics, investing, energy, technology, international relations or just being interesting at parties, read Peter’s book.” — Jesse Watters “Peter Zeihan’s latest work projects a future that will challenge your assumptions on how the world works, what nations are best postured to prosper, and which are fragile. The world he envisions is fraught with danger as powers rise and ebb, but not without opportunity. A worthy read to flesh out your worldview.” — Major General Patrick Donahoe, commanding general, U.S. Army Maneuver Center of Excellence “I’ve never been so upbeat about the end of the world. Deeply researched, powerfully argued, and well written. Zeihan stitches together insights from economic geography, demography, and history to give us an original yet intuitive theory of geopolitics.” — Ian Bremmer, president of Eurasia Group “From time to time, we hear how ‘everything is going to change.’ None of us ever believe it. Now I do.” — Bill Owens, former governor of Colorado “Peter Zeihan has done it again! The End of the World Is Just the Beginning offers a glimpse of the future by looking to the past. The geopolitics and demography that gave us our ‘perfect moment’ in history is passing. What is in store for us and generations to come? Move Zeihan’s latest to the top of your stack and find out.” — Jack Carr, former Navy SEAL sniper and number one New York Times bestselling author of In the Blood “I found Peter Zeihan’s description of the future to be both plausible and provocative. Regardless of the details of how the next decades unfold, Zeihan’s book convinced me that it is at our own peril that we assume the future will look just like the present. Now more than ever, all our children—regardless of race—need to be equipped with a portable and flexible skill set that will enable them to adapt to circumstances and opportunities that we can’t even imagine right now.” — Robert L. Woodson Sr., founder and president of the Woodson Center, 1776 Unites, Voices of Black Mothers United

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Book SynopsisTrade Review"Irwin outlines [the] long evolution of trade politics from the mercantilist 1640s to the present, when Trump has made trade controversial again by arguing for a renewal of protectionist policies. [His] chronicle--lengthy, detailed, and readable--traces the winding trail that has brought us to the liberal world trading order we enjoy today."--George Melloan, Wall Street Journal "At a time when Washington's approach to trade seems poised to undergo a significant shift, this magisterial book surveys the entire history of US trade policy since the Colonial era, using congressional debates and actions to show how conflicting domestic economic interests have led Americans to clash repeatedly over trade."--Foreign Affairs, Best of Books 2018 (01/02/2019) "Tells the history of American trade policy, showing that trade is neither dull nor deserving of the attacks on it. . . . As Mr Irwin spins this grand narrative, he also debunks trade-policy myths."--Economist "At a time when concerns about trade wars unsettle financial markets and engage media pundits, those seeking a deeper understanding may choose to consult Irwin's hefty volume."--EH.net "Irwin's magnum opus . . . is already a classic. Given the prominent role trade is playing in politics right now, it is also very timely. At almost seven hundred pages, Clashing over Commerce looks intimidating. But once you start reading, it isn't. Irwin tells a coherent story that spans generations, showcasing the prominent personalities in the great trade debate, their larger philosophical and economic arguments, and the legislation and policies they fought over. It hits on all levels."-- (01/02/2019) "Other histories have been written about US trade policy, but Irwin's is the most comprehensive and useful for guiding our current decision making on trade. . . . Irwin combines scholarly analysis with a historian's eye for trends and colorful details. This book is readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America's evolving role in the global economy." --National Review "Clashing over Commerce is a magisterial book. Irwin takes readers through the long story of American trade policy with keen insight and a sense for historical significance."--I. M. Destler, University of Maryland "Clashing over Commerce is a very impressive book. Besides a detailed history of trade policy, it provides a general picture of American political and economic history."--Regulation "This is, without a doubt, the most comprehensive discussion of trade policy since Taussig's immensely influential Tariff History of the United States. Irwin describes the profound evolution of American trade policy from colonial times to the present, bringing up to date with the most recent empirical research and the emergence of a broader trade policy. In its breadth and depth, Clashing over Commerce represents a major contribution."--Jeremy Atack, Vanderbilt University

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Book Synopsis________________'There's no understanding global inequality without understanding its history. In The Divide, Jason Hickel brilliantly lays it out, layer upon layer, until you are left reeling with the outrage of it all.' - Kate Raworth, author of Doughnut Economics· The richest eight people control more wealth than the poorest half of the world combined.· Today, 60 per cent of the world's population lives on less than $5 a day.· Though global real GDP has nearly tripled since 1980, 1.1 billion more people are now living in poverty.For decades we have been told a story: that development is working, that poverty is a natural phenomenon and will be eradicated through aid by 2030. But just because it is a comforting tale doesn't make it true. Poor countries are poor because they are integrated into the global economic system on unequal terms, and aid only helps to hide this. Drawing on pioneering research and years of first-hand experience, The Divide tracks the evolution of global inequality - from the expeditions of Christopher Columbus to the present day - offering revelatory answers to some of humanity's greatest problems. It is a provocative, urgent and ultimately uplifting account of how the world works, and how it can change for the better.Trade ReviewThere’s no understanding global inequality without understanding its history. In The Divide, Jason Hickel brilliantly lays it out, layer upon layer, until you are left reeling with the outrage of it all. -- Kate Raworth, author of Doughnut EconomicsIn this iconoclastic book, Jason Hickel shakes up the prevailing paradigm of "development" at its root. He not only exposes the fatal flaws in the standard model of development but also shows how the "development aid" given to the poor countries in order to promote that erroneous model is vastly outweighed by the resource transferred to the rich countries through an unfair global economic system. Many of the proposals that Hickel makes for institutional reform and intellectual re-framing may sound "mad", as he himself acknowledges, but history has taught us that mad ideas have the habit of becoming respectable over time. This book will radically change the way in which you understand the workings of the global economic system and the challenges faced by poor countries trying to advance within it. -- Ha-Joon Chang, University of Cambridge, author of 23 Things They Don't Tell You About Capitalism and Economics: The User's GuideThis is a book that if our world is to have any chance of meeting the challenges of the 21st century, people need to read. It challenges so much received wisdom via a well-argued, flowing prose that guides you through economic history, international trade, colonialism, politics and power, and the limits to growth debate. In setting out the reality of global inequality and its tangled roots, Hickel, matador-like, destroys the statistical pivots used by official agencies and unpicks their portrayal of an optimistic account of the state of global poverty and inequality. * Open Democracy *With passion and panache, Jason Hickel tells a very different story of why poverty exists, what progress is, and who we are. The Divide is myth busting at its best. The West has controlled the rest through colonization, coups, trade and debt. Poor countries are made poor by this; but a dramatic change is coming. -- Danny Dorling, author of Inequality and the 1%Hickel masterfully weaves together the most radical currents in political and economic thought to plot the course of global development… I appreciated his ability to translate such a disorienting amount of complex information into a clear, compelling narrative. Hickel is one of the few academics taking responsibilities as a public intellectual seriously, willing to ask difficult questions that challenge and inform our political discourse. * Bright Green *

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Book SynopsisPeter Navarro, business professor at University of CaliforniaIrvine, is author of the best-selling The Coming China Wars. His work has appeared in BusinessWeek, The Los Angeles Times, The New York Times, The Wall Street Journal, Harvard Business Review, and MIT Sloan Management Review. A gifted public speaker, Navarro has been featured on 60 Minutes and has appeared on Bloomberg, CNN, NPR, and all three major network news shows. He is a regular CNBC contributor and has testified before Congress and the U.S.China Commission. His recent books include Seeds of Destruction (with Glenn Hubbard) and Always a Winner. His free weekly newsletter is available at www.peternavarro.com.   Greg Autry is an Assistant Clinical Professor of Entrepreneurship at the University of Southern California. He holds an BA in history from Cal Poly PTable of ContentsForeword xiii Chapter 1: It’s Not China Bashing If It’s True 1 PART I “BUYER BEWARE” ON STEROIDS Chapter 2: Death by Chinese Poison: Bodies for Bucks and Chicks for Free 15 Chapter 3: Death by Chinese Junk: Strangling Our Babies in Their Cribs 29 PART II WEAPONS OF JOB DESTRUCTION Chapter 4: Death to America’s Manufacturing Base: Why We Don’t Play (or Work) in Peoria Anymore 49 Chapter 5: Death by Currency Manipulation: Crouching Tiger, Nuking Dragon 67 Chapter 6: Death by American Corporate Turncoat: When Greenbacks Trump the Red, White, and Blue 77 Chapter 7: Death by Colonial Dragon: Locking Down Resources and Locking Up Markets Round the World 91 PART III WE WILL BURY YOU, CHINESE STYLE Chapter 8: Death by Blue Water Navy: Why China’s Military Rise Should Raise Red Flags 111 Chapter 9: Death by Chinese Spy: How Beijing’s “Vacuum Cleaners” Are Stealing the Rope to Hang Uncle Sam 127 Chapter 10: Death by Red Hacker: From Chengdu’s “Dark Visitors” to Manchurian Chips 137 Chapter 11: Death by Darth Liu: Look Ma, There’s a Death Star Pointing at Chicago 151 PART IV A HITCHHIKER’S GUIDE TO THE CHINESE GULAG Chapter 12: Death to a Big Planet: Do You Want to Be Fried with That Apocalypse? 171 Chapter 13: Death by Chinese Pogrom: When Mao Met Orwell and Deng Xiaoping in Tiananmen Square 187 Chapter 14: Death by China on China: Shanghaiing the Gene Pool at the Top of the World and Other Earthly Tales 197 PART V A SURVIVAL GUIDE AND CALL TO ACTION Chapter 15: Death by China Apologist: Fareed Zakaria Floats Away 215 Chapter 16: Life with China: How to Survive and Prosper in the Dragon’s Century 233 Epilogue 261 Endnotes 265 Index 287

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Book SynopsisTrade Review"No Trade is Free is a masterpiece that describes how my Administration stood up to China and fought back against the Globalists and Communists that have been ripping off American workers for decades." — Donald Trump “Bob Lighthizer is the best in the business. He completely transformed the paradigm on trade, changing the course of American history. If our leaders apply the lessons in this book, America can still have a prosperous future.” — Larry Kudlow, former director of the National Economic Council and host of Kudlow on the Fox Business Network “Over Bob Lighthizer’s decades-long career in public policy, he helped reset the direction of US trade policy and advanced the commonsense, realistic approach: recognizing that ‘no trade is free.’ His book exposes the ideological fault lines that subjected too many workers to the ravages of a naive view that free trade was a reality rather than an outdated theory. This book is a must-read for those seeking a better understanding of how we got to where we are, and how we can chart the path forward.” — Tom Conway, president of the United Steelworkers “In the wake of heightened geopolitical rivalries and worsening inequality, America is reorienting its trade policy to align with its strategic priorities. Anyone interested in understanding what unfolded in the Trump administration and the debates that lie ahead ought to read this book. Bob Lighthizer continues to challenge us to reconsider why we trade and what we hope to gain from it.” — Mark Wu, professor of law, Harvard University “For decades, Washington gave China concessions even while they grew more powerful and more hostile to our interests. No Trade Is Free is the story of how Bob Lighthizer and the Trump administration brought common sense back to the negotiating table.” — Marco Rubio, United States senator “This book is destined to be a historic masterpiece. It is an eyewitness account of a lifetime focused on better trade deals. The details of the most significant US-Chinese negotiations since Nixon met with Mao will make this riveting story a bestseller.” — Michael Pillsbury, senior fellow for China strategy at the Heritage Foundation and author of the national number one bestseller The Hundred-Year Marathon “Bob Lighthizer reopens a question forbidden in Washington for decades: Just how costly is free trade? His answer reveals defects in the entire project of globalization and lets us glimpse a path beyond it.” — Peter Thiel, entrepreneur, cofounder of PayPal, and author of the number one New York Times bestseller Zero to One “The author is a wise man whose advice we would do well to heed. Bob Lighthizer educated me on trade and economic policy during long flights on Air Force One. Now, in No Trade Is Free, what he taught me is accessible to all.” — Lieutenant General H. R. McMaster, former national security advisor and author of Battlegrounds

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Book SynopsisA provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workersTrade Review“The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong. . . . Worth reading for their insights into the history of trade and finance.”—George Melloan, Wall Street Journal“This is a very important book.”—Martin Wolf, Financial Times“An eagle-eyed perspective on the global economy, underpinned by close analysis and a remarkable clarity of exposition. The book is a terrific survey of the forces behind today’s global trade tensions and imbalances.”—Ann Pettifor, Times Literary Supplement“[O]ffers a deeper argument about the source of the trouble.”—The Economist“Matthew Klein and Michael Pettis have successfully woven a grand narrative linking income inequality, geopolitics, trade, finance and even environmental issues.”—Maximilian Kärnfelt, Merics China Briefing Newsletter“[A]s Matthew Klein and Michael Pettis argue in their brilliant polemic Trade Wars Are Class Wars, industrial policy instruments are only part of the story.”—Adam Tooze, London Review of Books“A well-written, highly recommended, and thought-provoking book.”—Ian Bright, Reading Room for the Society of Professional Economists“This timely analysis should be of interest to policymakers as well as to scholars in economics, political science and international relations.”—Luqman Saeed, Journal of Peace Research“Trade Wars Are Class Wars is a tale of three economies, China, Germany and the US. . . . It’s a terrific book.”—Enlightened EconomistWinner of the Lionel Gelber Prize, sponsored by Munk Centre for International Studies“An erudite, original, and provocative explanation of the global economic imbalances that have been at the root of numerous financial crises.”—Ernesto Zedillo, director, Yale Center for the Study of Globalization“This is a book that everyone concerned with the global economy should read. A fascinating account of the damage that rising inequality—especially in China and Germany—has done to all our economies.”—Dani Rodrik, Harvard University

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Book SynopsisReflecting the most update-to-date coverage of institutional changes within the European Monetary Union, the fourteenth edition of De Grauwe''s established textbook continues to encourage students to think critically about the sustainability of the Eurozone. The author uses an authoritative, concise and exciting approach to analyse theories and policies relating to monetary union, allowing students to develop a balanced understanding of different arguments and perspectives. Part One examines the implications of adopting a common currency while Part Two considers the problems associated with running a monetary union. Both parts analyse Europe''s experience and the issues faced by the European Central Bank.Case studies throughout the text provide rich, real life and qualitative examples to help students connect with the concepts and policies presented. Additionally, each chapter ends with a conclusion recapping the core issues, and a set of questions, which encourages students to test thTrade ReviewThis is the best book in economics of the Monetary Union. It's well written and easy to follow by students * Soleiman Mohammadi Limaei, Senior Lecturer, Mid Sweden University *An outstanding example of how an applied economics text should be written. Comprehensive, clear, well-structured, and reflecting the latest theoretical and policy debates * Robert Ackrill, Professor of European Economics and Policy, Nottingham Trent University *The most updated and clear textbook that covers the challenges and prospects of the European Monetary Union * Giancarlo Ianulardo, Lecturer in Economics, University of Exeter *Table of ContentsPart 1: Costs and Benefits of Monetary Union 1: The costs of a common currency 2: The theory of optimum currency areas: a critique 3: The benefits of a common currency 4: Costs and benefits compared Part 2: Monetary Union 5: The fragility of incomplete monetary unions 6: The transition to a monetary union 7: How to complete a monetary union 8: Political economy of deconstructing the Eurozone 9: The European Central Bank 10: Monetary policy in the Eurozone 11: Fiscal policies in monetary unions 12: The euro and financial markets

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Book SynopsisTrade Review"Peddling Protectionism admirably conveys the context of the events it describes, surveying America's domestic politics in the late 1920s and providing a vivid account of the foreign retaliation that the tariff called forth."--James Grant, Wall Street Journal "In his new book, Douglas A. Irwin tells the fascinating story of how Congress stubbornly passed a bill that, as opponents noted at the time, was truly doomed to fail."--Roger Lowenstein, New Republic's The Book "[Irwin's] account of how the act came about is at once a thorough study and a breezy read. The often overblown rhetoric that Smoot-Hawley has inspired, seemingly from the start, also means that the book is often surprisingly amusing... Mr. Irwin's description of how an attempt to prop up America's agricultural sector metastasised into a law that raised nearly 1,000 import tariffs, mostly on manufacturing products, is fascinating."--Economist "A vivid, anecdotal, judicious telling of a timeless story: what happens when cocksure politicians fall into the grip of a really bad economic idea."--Christopher Caldwell, Financial Times "Peddling Protectionism, by the economist and historian Douglas Irwin, is a vivid, anecdotal, judicious telling of timeless story: what happens when cocksure politicians fall into the grip of a really bad economic idea."--Christopher Caldwell, Financial Times "In Peddling Protectionism, a short, clear and graceful book, in which maps, photographs and cartoons complement the handful of tables and graphs, Irwin makes a surprisingly lively story of the tradition of tariff revisions in the United States, the domestic politics that produced the Smoot-Hawley statute, in particular the various retaliatory measures that ensued... [I]f only economists could write more books like it about other controversies!"--David Warsh, Economic Principals "A short, clear and graceful book."--David Warsh, Economic Principals "In his wonderful new book Peddling Protectionism, Dartmouth College economist and historian Douglas A. Irwin warns that congress, left on its own to fashion trade policy, will quickly be captured by special interests."--Daniel Griswold, Washington Times "Irwin's encyclopedic knowledge of the literature on Smoot-Hawley will make this the standard work on the subject for many years to come... The memory of Smoot-Hawley and its link to the Great Depression is one of the few things that keeps protectionism in check. For this reason, Peddling Protectionism deserves a wide readership."--Fiscal Times "[P]ersuasive."--Arnold Kling, Econlog "The Smoot-Hawley Tariff Act of 1930, named after two congressmen who sponsored it, raised U.S. duties on thousands of imported goods. Its ramifications on world trade reverberated for decades. In this comprehensive history, Irwin examines the political wrangling that caused the yearlong delay in its passage."--Library Journal "A rarity among books of its ilk, Peddling Protectionism is a stellar read both as a historical narrative and an economic text. As mundane as the issues at hand might sound--think of Ben Stein's famous monotonic lecture about Smoot-Hawley in Ferris Bueller's Day Off--Irwin makes them comprehensible and even enjoyable to consider, peppering his text with anecdotes and contemporary political cartoons as he unpacks the economic context that led to the act's passage."--Asa Fitch, The National "A rarity among books of its ilk, Peddling Protectionismis a stellar read... [T]hink of Ben Stein's famous monotonic lecture about Smoot-Hawley in Ferris Bueller's Day Off--Irwin makes [the issues] comprehensible and even enjoyable to consider, peppering his text with anecdotes and contemporary political cartoons as he unpacks the economic context that led to the act's passage."--Asa Fitch, National "Irwin's book is not technical; he summarizes research findings, including his own, but does not formally present models or econometric results. His approach makes the book quite suitable for the interested general reader, undergraduates, and economic historians and other economists interested in the life and times of Smoot-Hawley. Finally, this volume is well priced for individual purchase and is nicely illustrated with a number of photographs and political cartoons of the day. It is also mercifully free of the typos that plague so many university press books these days."--Anthony Patrick O'Brien, EH.Net "Irwin, an economics professor at Dartmouth College and one of the world's leading scholars of international trade, makes a careful, fact-freighted case."--David R. Henderson, Regulation "Irwin's outstanding book will teach even well-informed scholars a great deal... [H]is scholarship is impeccable; his reasoning is sure and never overreaching; and his prose is clean and direct... [T]o date the finest set of words devoted exclusively to that justly infamous spectacle of American protectionism."--Independent Review "Irwin's outstanding book will teach even well-informed scholars a great deal about the history and politics that produced the Smoot-Hawley tariff as well as about its economic and political consequences. Read Irwin's book for the important details... No better guide to Smoot-Hawley's history and consequences is available than Doug Irwin. His scholarship is impeccable; his reasoning is sure and never overreaching; and his prose is clean and direct. His little volume may not be the last word on Smoot-Hawley (Are there ever last words on any subject?), but it is to date the finest set of words devoted exclusively to that justly infamous spectacle of American protectionism."--Donald J. Boudreaux, Independent Review "[I]rwin's recent book Peddling Protectionism demolishes the conventional wisdom [of the Smoot-Hawley tariff]."--Robert J. Samuelson, Wilson Quarterly "[Irwin's book is] eminently readable, and will be of interest to all those concerned with trade policy and the trading system, as well as being valuable for upper division undergraduate seminars. The particulars of the political arguments for and against SH, the quotes of opinions of policy makers, and the marshalling of evidence regarding policy choices and attempts at international cooperation make the period come alive and simultaneously enable a balanced assessment regarding the role of trade policy and its determinants."--Anne O. Krueger, Journal of World Trade Review "[T]his book is a welcome contribution to the field. Several of the old 'wisdoms' regarding the tariff are presented and analysed, and the empirical evidence brought forth by Irwin is convincing. The course of events is concisely presented in a chronological manner. Irwin has collected quite a number of political cartoons, caricatures and quotations to illustrate the debate of contemporaries and scholars that both entertain and point to the gravity of the issue. All this adds nicely to the economic analyses. The lines of arguments and the analyses of the author in the book are convincing and accessible to both scholars and the general reader."--Peter Hedberg, Scandinavian Economic History Review "It is, to put it mildly, a challenge to write an interesting and lively history of tariff policy. In his graceful study of the Smoot-Hawley tariff, economist Douglas Irwin successfully rises to the task... Scholars of the period will find much that is valuable in Irwin's analytical and readable narrative."--Jason Scott Smith, Journal of American Studies

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Book SynopsisTrade ReviewA highly intelligent, fact-based defense of the virtues of an open, competitive economy and society. -- Fareed Zakaria * Global Public Square (CNN) *The one thing the American right and left increasingly agree on is that trade, capital flows, and immigration damage many if not most Americans. On the contrary, Professor Clausing of Reed College argues, openness to the world economy is a source of substantial gain. Neither liberal trade nor technological change is the enemy, it is foolish, even malevolent, policies that fail to help people and places to adjust to change and exploit new opportunities. * Financial Times *Amid a growing backlash against international economic interdependence, Clausing makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization. -- Richard N. Cooper * Foreign Affairs *An even-handed, fair-minded and up-to-the-minute primer on some of today’s most important economic debates. In [Clausing’s] consideration of who gains and who loses from economic openness, she makes a stout, evidence-led defense of the worldview disparaged as ‘globalism’ by both the Right and the Left. -- Oliver Wiseman * Standpoint *Takes on anti-globalization arguments from the left and right to make the case for open economies, while also investigating the domestic policy interventions required to address inequality in the United States. -- Rebecca Friedman Lissner * War on the Rocks *Global integration will not work if it means local disintegration. Kim Clausing’s important book lays out the economics of globalization and, more important, shows how globalization can be made to work for the vast majority of Americans. I hope the next President of the United States takes its lessons on board. -- Lawrence H. Summers, Harvard University, former Secretary of the TreasuryIt is all too easy to blame the recent troubles of advanced economies—including slower growth, rising inequality, and lower social mobility—on economic globalization. Kimberly Clausing’s comprehensive but crystal-clear new book shows that ‘the fault lies not in our stars, but in ourselves’: if only the political will is there, national policy can harness globalization as a force for inclusive growth. This is a message that thoughtful citizens of every political stripe need to absorb. -- Maurice Obstfeld, University of California, Berkeley, and former Chief Economist, International Monetary FundOpen provides a vitally important corrective to the current populist moment. Clausing brings the underlying economics to life, showing that walls won’t keep prosperity trapped within; they’ll keep new ideas out, deter valuable foreign capital, close off investment opportunities, prevent our businesses from learning from others, and destroy the vigor that comes with a vibrant immigrant community. Most important, Open points the way to a kinder, gentler version of globalization that ensures that the gains are shared by all. -- Justin Wolfers, University of MichiganAnyone interested in the biggest economic debates of our time would benefit from reading Open. Kimberly Clausing marshals a wide range of evidence and analysis to address the question of how to advance the prospects of the middle class. Her answer is a combination of timeless truths about the importance of openness updated in often novel ways to address the challenges of today’s global economy. -- Jason Furman, Harvard University, former Chairman of the Council of Economic AdvisersClausing, a respected international economist and one of the world’s leading experts on multinational firms’ responses to tax policy, has created a clarion call for a return to reason by polarizing forces on both sides of the political isle. There is something in here for people on both sides to love and to hate, but plenty for everyone to learn. -- Katheryn Russ, University of California, DavisShows that globalization and free trade can, in fact, be redesigned to help struggling ordinary Americans. * ProMarket *

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Book SynopsisInternational trade has shaped the modern world. This book examines the successive waves of globalization and 'deglobalization' that have occurred during the past thousand years, looking at the technological and political causes behind these long-term trends.Trade Review"The excellent new book Power and Plenty explains why some countries are rich, and why others are not. [Recent books] all try to explain the biggest question of the modern world: why some [countries] are rich and other poor. Now, we have...Power and Plenty, a tome that combines the interpretive focus of the new school of explainers with the breadth and depth of the old narratives. They also put neoliberal economic theory to the historical test by asking what it would predict, and then contrasting those forecasts with history's actual path. Findlay and O'Rourke tell their tale exceptionally well."--Eric Rauchway, The New Republic "[A] splendidly ambitious new book...an excellent reference book for anyone wanting a better understanding of economic developments in the last millennium."--Economist "Aiming at nothing less than documenting the history of world trade over the last 1,000 years, Power and Plenty...appears to be required reading...for the purposes of better understanding how the world works."--Andrew Leonard, Salon.com "This new history of the last thousand years of world trade is remarkable in both its grand sweep and its scholarly depth. It pieces together the story of global commerce from the medieval spice traders and nomads of Central Asia to the discovery and incorporation of the New World, to the Industrial Revolution and the rise of Europe, and to the globalizing forces of the postwar world economy. One theme is the importance of the 'vast webs of interrelationships' between western Europe and other regions that, beginning in the medieval period, set the stage for modern economic growth. The other theme is the critical role of war in propelling economic change through upheaval and adaptation."--G. John Ikenberry, Foreign Affairs "Power and Plenty is a wide-ranging survey, both of the facts and of the literature, not an essay organized around a single thesis. It takes on, and treats seriously, a ton of material. Bearing that in mind, it is...engaging...well written, spiced with nuggets of fascinating information and dry wit. [Findlay and O'Rourke's] economics is sophisticated and mainstream...but enriched with an unusual attention to noneconomic factors--or, as the authors put it, 'a sustained emphasis on conflict, violence and geopolitics.'"--Clive Crook, Financial Times "[A] solid new book. Power and Plenty is an ambitious endeavor that examines the works in the second millennium in light of globalization, deglobalization, reglobalization, and globalization as we know it today. The book fills a gap by scrutinizing the technological and political causes behind the long-term trends during the past thousand years. [The authors] have drawn exhaustively on the historical, political, and economic literature of the relevant periods for virtually all the major regions in the world."--Wan Lixin, Shanghai Daily "In this magnificently conceived and executed work, Findlay and O'Rourke set out the history of global trade and show how it has been influenced by economic development and politics over the last thousand years. The authors have an important story to tell and they tell it superbly. This is a work brimming with scholarship, deftly combining narrative history with accessible economic analysis. This is a goldmine of a book. Open it where you will, there are nuggets to be extracted. It will remain the standard work on the history of world trade and indeed the development of the world economy for many years to come."--Frank Geary, Irish Times "This magisterial volume presents an analytical history of world trade from 1000 CE to the present, with informed speculation about future trends thrown in for good measure. It is a very considerable achievement, for which Findlay and O'Rourke deserve great praise."--M. Veseth, Choice "[T]he best book of its sort since David Landes' Wealth and Poverty of Nations."--David Warsh, Economic Principals "[T]his is a big, important work... The authors have mastered an incredibly voluminous literature ... and produced the only truly comprehensive history of trade in the second millennium... [T]his is a book that should be widely read."--David S. Jacks, World Trade Review "International trade has shaped the modern world, yet until now no single book has been available for both economists and general readers that traces the history of the international economy from its earliest beginnings to the present day. Power and Plenty fills this gap, providing the first full account of world trade and development over the course of the last millennium."--Wider Angle "This is a well researched volume which is simply delightful to read. In most of the topics about which I have some knowledge, I found the analyses and the judgments offered by the authors both balanced and insightful. I expect this book will remain the standard text for many years to come."--Sevket Pamuk, EH.Net "This is a huge enterprise, an illuminating work, a tour de force that successfully combines political and economic history of a thousand years... A major contribution to the history of and debates about globalization."--Ivan T. Berend, International History Review "Power and Plenty serves as an excellent one-volume survey on the role played by the interaction of economic and political forces in shaping the world economy of the last 1000 years. The book should be read by any serious student of world economic history, international trade, or international relations."--John T. Dalton, Southern Economic Journal "Power and Plenty ... with its depth and extensive coverage, makes an excellent reference work for the study world history and the history of world trade. It is a work of superb scholarship befitting the scholarly reputations of each of the co-authors, Findlay for his work in the theory of international trade and development and O'Rourke for his studies in economic history and globalization. This book will be widely read, cited, and discussed as a landmark volume on its subjects."--Stanley Engerman, New Global Studies "By adopting a broad view across such an expanse of both space and time, Findlay and O'Rourke are able to perceive patterns that few others have identified and bring a compelling new perspective to several historical and theoretical debates that benefit from a larger view."--Robert D. Fannion, Comparative Political Studies "Findlay and O'Rourke provide an impressive survey of 1000 years of trade and its interaction with geopolitics and political economy on a global scale that strives consciously to avoid a Eurocentric stance... [T]his is a compelling and valuable volume."--C. Knick Harley, Economic History Review "Almost anyone researching an aspect of the history of international trade will find this an excellent and stimulating starting point and will be aided by an impressive bibliography that includes many older classics as well as recent additions to the literature."--Simon Ville, International Journal of Maritime History "[T]his book is indispensible for scholars who seek answers to questions such as: How did the world economy evolve into its present form? What events shaped its current characteristics? What roles did trade play in shaping the modern world economy? Power and Plenty, an exemplary feat of scholarship, fully answers all these questions."--Farhad Rassekh, International Review of Economics & Finance "Power and Plenty is a fascinating book of both world history and economic history, full of detail on both accounts... These ancient intrigues in unfamiliar times and places make for fascinating reading and remind us of how little progress people have made in resisting imperialism throughout the ages. On a more serious note, the book also provides an excellent window into the continuing costs of imperialism."--Michael Perelman, Review of Radical Political Economics "[T]his book is a masterful synthesis of economic analysis and historical narrative. It demands quite a lot of its readers, however, as its more than 600 pages are packed with facts, conclusions and implications for economic development, never hesitating to elaborate on the complexities of international trade relations during the last millennium."--Erik Lindberg, Scandinavian Economic History ReviewTable of ContentsAcknowledgments xiii Preface xvi Chapter 1: Introduction: Geographical and Historical Background 1 Western Europe 4 Eastern Europe 11 North Africa and Southwest Asia: The Islamic World 15 Central (or Inner) Asia 24 South Asia 29 Southeast Asia 33 East Asia (China, Korea, and Japan) 37 Chapter 2: TheWorld Economy at the Turn of the First Millennium 43 The Golden Age of Islam 48 China: The Sung Economic Miracle 61 The Indian Ocean and Southeast Asian Trade 67 The Pirenne Thesis 71 Eastern Europe: The Viking Connection 73 The Economy ofWestern Europe 80 Chapter 3: World Trade 1000-1500: The Economic Consequences of Genghis Khan 87 Trade and War in the Mediterranean and the Black Sea, 1000-1350 88 The Indian Ocean and the South China Sea, 1000-1350 98 The Pax Mongolica and Overland Trade, 1000-1350 101 Eurasia on the Eve of the Black Death 109 The Black Death 111 Trade between Western and Eastern Europe, 1350-1500 120 Overland Trade, 1350-1500: The Aftermath of the Pax Mongolica 124 The Emergence of Russia 126 The Middle East, the Mediterranean, and International Trade, 1350-1500 127 Southeast Asia and China, 1350-1500 133 Quantifying the Late Medieval Spice Trade 140 Chapter 4: World Trade 1500-1650: Old World Trade and New World Silver 143 Portugal, the Atlantic, and the Indian Ocean 145 Spain, Portugal, and the New World 158 The Pacific and East Asia 167 The Dutch Rise to Primacy in World Trade 175 Russia, Sweden, and the Baltic, 1500-1650 187 Southeast Asia during the Age of Commerce 194 The Cape Route, Venice, and the Middle East 204 Silver, Silk, and Spices 212 Chapter 5: World Trade 1650-1780: The Age of Mercantilism 227 Origins of the British Empire: Trade, Plunder, and Settlement 229 Mercantilism, Commercial Rivalry, and the Anglo-Dutch Wars 238 Britain, France, and the Dutch Republic 245 Britain and France: Commercial Expansion and the Second Hundred Years'War 247 India: The Disintegration of the Mughal Empire and the Transition to Colonial Rule 262 Southeast Asia and the End of the Age of Commerce 275 TheManchu Empire 284 China's Overseas Trade 286 Chinese and Russian Overland Trade 295 Conclusion 304 Chapter 6: Trade and the Industrial Revolution 311 Trade during the Industrial Revolution 324 Trade, Overseas Expansion, and the Industrial Revolution 330 Why Britain? Why Europe and Not Asia? 346 Conclusion 364 Chapter 7: World Trade 1780-1914: The Great Specialization 365 War and Revolution 366 The Revolutionary and Napoleonic Wars: Short-Run Implications 369 The Revolutionary and NapoleonicWars: Long-Run Implications 371 The Industrial Revolution and Transportation Technology 378 Bulk Commodities and Heckscher-Ohlin Effects 383 Nineteenth-Century Imperialism 387 Nineteenth-Century Trade Policy 395 Commodity Market Integration, 1815-1914 402 Complementary Factor Flows and the Great Frontier 407 Trade and the Global Division of Labor 411 Trade, Tropical Frontiers, and the Great Divergence 414 The Terms of Trade 424 Conclusion 425 Chapter 8: World Trade 1914-39: Deglobalization 429 WorldWar I 429 The Aftermath of War 435 Interwar Commercial Policy 443 Transport Costs 455 The Volume of World Trade 458 Price Convergence and Divergence 461 The Great Depression, the Collapse of World Trade, and the Developing Countries 465 The Collapse of the Ottoman Empire 469 Conclusion 471 Chapter 9: Reglobalization: The Late Twentieth Century in Historical Perspective 473 World War II 473 Geopolitical Consequences: Communism, the Cold War, and Decolonization 476 The Gradual Reconstruction of the Atlantic Economy: 1950-70 489 Policy Divergence: 1945-80 493 Reglobalization: 1980-2000 496 International Transport Costs 501 Trends in Openness: Quantities and Prices 505 Unraveling the Great Specialization 512 Openness and Convergence in the Late Twentieth Century 515 Conclusion 525 Chapter 10: Globalization at the Dawn of the Twenty-First Century 527 The Future of Globalization: Economic Challenges 534 The Future of Globalization: Political Challenges 539 Bibliography 547 Index 593

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Book SynopsisThis text provides a comprehensive analysis of contemporary macroeconomics, within a European and global context. The authors balance the theoretical aspects with up-to-date policy examples throughout, allowing the reader to relate the concepts to their own economic environment.Trade ReviewBurda and Wyplosz have done a marvelous job for this eighth edition by further tweaking what has long since been an outstanding foundational book in macroeconomics. Macroeconomics: A European Text is superb in striking the right balance between theory and evidence and it remains peerless in integrating open economy aspects to the macroeconomics curriculum. The book continuous to be the go-to book for equipping undergraduate students with the thinking tools needed for understanding modern macroeconomics. * Mark Weder, Professor of Economics, Aarhus University *An excellent introduction to macroeconomics. It explains advanced concepts in easily understood models and language, with applications to real-world problems that helps students grow into mature economists. Many of Europe's economic challenges are different from those of the United States and other advanced countries, because of its unique nature of a large market made up of several smaller entities that have discretion over many aspects of economic management. It is most welcome to find a book that addresses these issues within a rigorous, yet approachable framework, that can help the reader engage in a well-informed discourse about our future. * Sir Christopher Pissarides, Regius Professor of Economics, London School of Economics *This is a superb and engaging macroeconomics text for those interested in Europe. It contains plenty of theory, empirics and case studies with excellent sections on income distribution and the global financial crisis. To be recommended strongly for those who want to teach macroeconomics for the real world. * Rick Van der Ploeg ,Professor of Economics, Oxford University *

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Book SynopsisDavid K. Eiteman is Professor Emeritus of Finance at the John E. Anderson Graduate School of Management at UCLA. He has also held teaching or research appointments at the Hong Kong University of Science & Technology, Showa Academy of Music (Japan), the National University of Singapore, Dalian University (China), the Helsinki School of Economics and Business Administration (Finland), University of Hawaii at Manoa, University of Bradford (UK), Cranfield School of Management (UK), and IDEA (Argentina). He is a former president of the International Trade and Finance Association, Society for Economics and Management in China, and Western Finance Association. Professor Eiteman received a BBA (Business Administration) from the University of Michigan, Ann Arbor (1952); MA (Economics) from the University of California, Berkeley (1956); and a PhD (Finance) from North-western University (1959). He has authored or co-authored 4 books and 29 other publications. HisTable of ContentsPART I: GLOBAL FINANCIAL ENVIRONMENT Multinational Financial Management: Challenges and Opportunities International Monetary System The Balance of Payments Financial Goals, Corporate Governance and the Market for Corporate Control PART II: FOREIGN EXCHANGE THEORY & MARKETS The Foreign Exchange Market International Parity Conditions Appendix: An Algebraic Primer to International Parity Conditions Foreign Currency Derivatives: Futures & Options Appendix: Currency Option Pricing Theory Interest Rate Risk and Swaps Foreign Exchange Rate Determination & Intervention PART III: FOREIGN EXCHANGE EXPOSURE Transaction Exposure Appendix A: Complex Option Hedges Appendix B: The Optimal Hedge Ratio and Hedge Effectiveness Translation Exposure Operating Exposure PART IV: FINANCING THE GLOBAL FIRM Global Cost and Availability of Capital Funding the Multinational Firm Multinational Tax Management International Trade Finance PART V: FOREIGN INVESTMENTS AND INVESTMENT ANALYSIS Foreign Direct Investment & Political Risk Multinational Capital Budgeting & Cross-Border Acquisitions Answers to select end-of-chapter problems

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Book SynopsisJeffrey D. Sachs presents timely and achievable plans to foster global economic growth and shift from war making to peacemaking. A New Foreign Policy explores both the danger of the “America first” mindset and the concrete steps the United States must take to build a multipolar world that is prosperous, peaceful, fair, and resilient.Trade ReviewForceful and angry, Sachs verges on hyperbole in his indictment of America past and present, but he does highlight the perils of continuing on the same path. * New York Times Book Review *His new book is entitled A New Foreign Policy: Beyond American Exceptionalism, and there is much inside to be celebrated. I never thought I would utter the words “I agree with Jeff Sachs,” let alone put them in print, yet here we are. * American Conservative *Highly recommended. * Choice *A challenging departure from the Beltway assumption that America has acted as a force for good in the world. * Financial Times *Sachs provides a broad alternative vision not only to the Trump administration’s foreign policy, but to past U.S. foreign policy more generally. * LSE Review of Books *A worthwhile read, in which Sachs demonstrates expertise on vastly different policy fields and makes a convincing case that abdicating the toxic intersection of militarism and exceptionalism is key to building a brighter future, both in the U.S. and around the world. * Global Policy *Jeffrey Sachs is one of the few prominent American academics who dares to make the bold case that the US has been on the wrong track for decades. Its non-academic style makes this book accessible to any reader who wants to gain a broad understanding of what is driving American grand strategy * International Spectator *Table of ContentsPrefaceIntroductionPart I: U.S. Exceptionalism in a Changing World 1. From Exceptionalism to Globalism2. Exceptionalism as the Civic Religion3. The Era of Global Convergence4. Eurasia on the Rise, America on the Sidelines5. Russia-U.S. Relations in the Changing World Order Part II: America’s Wars 6. American Imperialism and “Wars of Choice”7. Contradictory Promises and a Century of Conflict in the Middle East8. North Korea and the Doomsday Clock9. Trump's National Security Strategy Part III: U.S. Foreign Economic Statecraft 10. The Economic Balance Sheet on “America First”11. Foreign Policy Populism12. Economic War with China13. Will Trump Hand China the Technological Lead?14. Toward a World Economy of Regions Part IV: Renewing American Diplomacy 15. From Diplomatic Leader to Rogue Nation16. The Ethics and Practicalities of Foreign Aid17. Managing Migration and Immigration18. Achieving Sustainable Development19. A New Foreign Policy for American Security and Well-BeingNotesReferencesIndex

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Book SynopsisWinner of the 2019 Lionel Gelber Prize''Majestic, informative and often delightful ... insights on every page'' Yanis Varoufakis, ObserverThe definitive history of the Great Financial Crisis, from the acclaimed author of The Deluge and The Wages of Destruction. In September 2008 the Great Financial Crisis, triggered by the collapse of Lehman brothers, shook the world. A decade later its spectre still haunts us. As the appalling scope and scale of the crash was revealed, the financial institutions that had symbolised the West''s triumph since the end of the Cold War, seemed - through greed, malice and incompetence - to be about to bring the entire system to its knees.Crashed is a brilliantly original and assured analysis of what happened and how we were rescued from something even worse - but at a price which continues to undermine democracy across Europe and the United States. Gnawing away at our institutions are the many billions of dollars which were conjured up to prevent complete collapse. Over and over again, the end of the crisis has been announced, but it continues to hound us - whether in Greece or Ukraine, whether through Brexit or Trump. Adam Tooze follows the trail like no previous writer and has written a book compelling as history, as economic analysis and as political horror story.Trade ReviewA landmark book * Observer *One of the sharpest minds in this field * Evening Standard *A detailed and superbly researched account of the origins and consequences of the wave of financial crises that emanated from the core of the global financial system from 2007. The prose is clear. The scholarship remarkable. Even people who have followed this story closely will learn a great deal. -- Martin Wolf * Financial Times *Magisterial * Guardian *Deserves to be at the top of the reading list of anyone interested in the events of 2008 ... A majestic narrative ... informative and often delightful, insights are to be found on every page -- Yanis Varoufakis * Observer, Book of the Day *The global financial crises were undoubtedly seismic - and Tooze has provided a remarkably detailed narrative of their causes and consequences * Sunday Times *Skilful ... A bold attempt by Adam Tooze, a distinguished British-American historian, to make sense of this recent tumult ... Sophisticated. * Evening Standard *Bold and ambitious . . . probably the best of the current books about the First World War -- Praise for THE DELUGE * Observer *Tooze made his name with The Wages of Destruction . . . His study of the post-1918 era is equally impressive, explaining why the US and its allies, having defeated Germany, were unable to stabilize the world economy and build a collective security system in Europe -- Praise for THE DELUGE, Tony Barber * Financial Times BOOKS OF THE YEAR *

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Book Synopsis**THE SUNDAY TIMES NUMBER ONE BESTSELLER** The most recognisable economist on the planet, Yanis Varoufakis, puts forth his case to reform an EU that currently fails it weakest citizens. In this startling account of Europe’s economic rise and catastrophic fall, Varoufakis pinpoints the flaws in the European Union’s design – a design thought up after the Second World War, and one responsible for Europe’s fragmentation and resurgence of racist extremism. When the financial crisis struck in 2008, the political elite’s response ensured it would be the weakest citizens of the weakest nations that paid the price for the bankers’ mistakes. Drawing on his personal experience of negotiations with the eurozone’s financiers, and offering concrete policies to reform Europe, the former finance minister of Greece shows how we concocted this mess and points our way out of it. And The Weak Suffer What They Must? highlights our history to tell us what we must do to save European capitalism and democracy from the abyss. With the future of Europe under intense scrutiny after Brexit, this is the must-read book to explain Europe's structural flaws and how to fix them. 'If you ever doubt what is at stake in Europe - read Varoufakis's account' GuardianTrade ReviewIf you ever doubt what is at stake in Europe, read Varoufakis’s account * Guardian *An outstanding economist and political analyst. His remarkable talents are fully on display in his recent study of Europe’s crisis, a most revealing and perceptive analysis of the development of the global economy in the past half century and their grim consequences now threatening Western societies -- Noam ChomskyAn absolutely splendid book… What Yanis really shows is that the European project had a democratic deficit from the origin and design… The Thucydides of our time -- Jeffrey SachsOne of my few heroes...his achievements are incredibly important…to save what is worth fighting for in Europe…Yanis tried to do the right thing – to remain within the EU and disturb from within. That is why he was such a threat…wonderfully written, complex, a book which is set to provoke our rage…to make us think, and that’s what we need today. As long as people like Yanis are around, there still is hope -- Slavoj ZizekOne of my few heroes...his achievements are incredibly important…to save what is worth fighting for in Europe…Yanis tried to do the right thing – to remain within the EU and disturb from within. That is why he was such a threat…wonderfully written, complex, a book which is set to provoke our rage…to make us think, and that’s what we need today. As long as people like Yanis are around, there still is hope -- Slavoj ZizekA very, very clever person, and in the basic argument about what’s been going on in Europe I think he’s right -- Martin WolfA devastating account -- Andrew MarrA scholar, writer, philosopher of clarity, insight, generosity and engaging prose, not to mention integrity and courage -- James GalbraithA brilliant economist * Bloomberg *Few finance ministers have such a talent for economics as Yanis Varoufakis -- Joseph Stiglitz, Winner of the Nobel Prize for EconomicsHighly readable. It is also important, outlining a perspective on global economics that influences policy thinking in broader circles than the radical left ... deeply instructive * Financial Times *The most interesting man in the world * Business Insider *The emerging rock star of Europe’s anti-austerity uprising * Telegraph *It is important to take note of the ideas that Varoufakis continues to espouse … the essence of [his] agenda was – and remains – largely correct -- Mohamed El-ErianA man of integrity and intellectual honesty … a superb monetary economist whose credentials outshine those who have bewitched European governmental elites… His economic logic was irrefutable -- Professor Michael BrennerHe writes with great panache ... and in a gripping style … One of the things that makes this book enjoyable is that Varoufakis makes much of the role of personalities * TLS *An account of how the forces of capital have prevailed over the common good ... visionary * The Times *A global celebrity * Economist *The biggest disaster for any of the BBC’s news and current affairs slate would be The Yanis Varoufakis Show on another network -- Mark Lawson * Guardian *While this British Conservative minister might not agree with every single position adopted by this Greek radical socialist, I cannot but admire and applaud his courage and passion on behalf of genuinely progressive causes -- Michael Gove * Sunday Times *The reason Varoufakis seems to have captured the imaginations of so many is that his words about the European crisis speak universal truths about democracy, capitalism and social policy * Guardian *Like all great story tellers, Varoufakis’ literary flair is not just a function of stylistic prowess. He gets right inside the fears, desires and external constraints of the key players in the complex history of the Eurozone … Reading And The Weak Suffer What They Must? is like reading a gripping thriller. It is a page turner because the plot itself is a relentless sequence of astonishing twists and turns driven by the cunning ingenuity and hubristic folly of its key protagonists … This book is not just illuminating. It is a call to moral awakening and to intelligent, determined and humane political action * Open Democracy *

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Book Synopsis***THE WORD OF MOUTH INTERNATIONAL BESTSELLER NOW UPDATED WITH 15 EXPLOSIVE NEW CHAPTERS***False economics. Threats, bribes, extortion. Debt, deception, coups, assassinations and unbridled military power. These are the tools used by the ‘corporatocracy’ – a vast network of corporations, banks, colluding governments and rich and powerful individuals – to ensure that they retain and expand their wealth and influence, growing richer and richer as the poor become poorer.In his original, post 9/11 book, John Perkins revealed how he was recruited as an economic hit man in the 1970s, and exposed the corrupt methods American corporations use to spread their influence in the developing world, cheating countries out of trillions of dollars. In this new, extensively updated edition he lays bare the latest, terrifying evolution of the economic hit man, and how the system has become even more entrenched and powerful than ever before.In New Confessions of an Economic Hit Man, John Perkins provides fresh and chilling evidence of how the corporatocracy has grown its influence to every corner of the globe, making us all unwitting slaves to their regime. But he also provides advice on how we can end our unconscious support of the system and its self-serving, lethal economy.------------------------------------------------------------------------------------------------------"Perkins has, once again, made a substantial contribution to a world that needs whistle-blowers to open its eyes to the true sources of political, social, and economic power" - Yanis Varoufakis"It comes from the heart. I highly recommend it." - Michael Brownstein"it’s all here in toe-curling detail' - GuardianTrade ReviewConfessions of an Economic Hit Man is a unique book, brave because it is personal. With unflinching honesty, John Perkins narrates his moral awakening and struggle to break free from the corrupt system of global domination he himself helped to create. This book possesses an immediacy which separates it from the numerous studies we already have of American Empire. It comes from the heart. I highly recommend it. -- Michael Brownstein, author of World on FireWhen I read Confessions of an Economic Hit Man, I could not have known that, some years later, I would be on the receiving end of the type of ‘economic hit’ that Perkins so vividly narrated ... Perkins has, once again, made a substantial contribution to a world that needs whistle-blowers to open its eyes to the true sources of political, social, and economic power -- Yanis Varoufakis, former Minister of Finance, GreeceMust reading for those that know another world is possible! Perkins' story, however, is less about individual guilt and more about the systemic programming and tempting of males in patriarchal societies and their global power elites. Perkins' revelations shock us and illuminate how these same incentives in academia keep reproducing the compartmentalized worldviews and sophisticated economic models rationalizing inequity, greed, egotism, competitive self-interest and global expansionism via GDP-growth and debt. * Hazel Henderson, author of Beyond Globalization and Building a Win-Win World *I was hazy on the precise details of how third world debt came about, but after reading Confessions of an Economic Hit Man I consider myself rather better informed. And a lot more dismayed… it’s all here in toe-curling detail * Guardian *

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Book SynopsisTrade Review[A] superbly argued and important book. America is no longer the home of the free-market economy…The great obstacle to action in the U.S. is the pervasive role of money in politics. The results are the twin evils of oligopoly and oligarchy…Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so. -- Martin Wolf * Financial Times *A fascinating case study of rising corporate concentration and why this reflects not just impersonal economic forces but political choices… [Philippon] concludes competition has indeed declined to the detriment of consumers. His novel contribution, though, is to contrast this with the experience of Europe… Where the U.S. was once the world’s teacher, it may be time to be the pupil. -- Greg Ip * Wall Street Journal *Fascinating…In one industry after another, [Philippon] writes, a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations—and bad for almost everyone else…Too often, both parties are still confusing the interests of big business with the national interest. And American families are paying the price. -- David Leonhardt * New York Times *Philippon sees today’s Europe, ironically the home of government-driven market intervention, as the place that has figured out how to set markets free by spurring competitiveness and thus keeping services up and prices down…The Great Reversal argues that the United States has much to gain by reforming how domestic markets work but also much to regain—a vitality that has been lost since the Reagan years. We don’t know if Philippon is a fan of Donald Trump, but his analysis points to one way of making America great again: restoring our free-market competitiveness. -- Arthur Herman * Wall Street Journal *[A] primer on the recent woes of the U.S. economy…It attributes these troubling developments to a decline in competition that has been brought about in large part by the rise of very powerful technology companies and above all by the lack of enforcement of antitrust policies. Philippon also points to the damaging role of politicians who protect the interests of their wealthy donors by sponsoring and creating loopholes in tax and regulatory laws. -- Richard N. Cooper * Foreign Affairs *Examines money in politics, and carefully knocks down tendentious arguments that such behavior does not simply reflect the rich purchasing policy outcomes that benefit themselves…Some of Philippon’s findings are eye-popping. -- Ryan Cooper * American Prospect *In this seminal book, economist Philippon uses detailed evidence to argue that, far from being the home of free-market competition, the U.S. today has less competition than the much-maligned EU, particularly in its product markets, which are riddled with monopoly and monopsony. This is not the result of natural forces, but of deliberate policy. Declining competition has raised profits, depressed wages, weakened investment and undermined productivity growth. The U.S. needs a reinvigoration of antitrust. * Financial Times *A compelling read for those interested in the dynamics of the overall innovation economy or the political debate over antitrust and Big Tech…A timely analysis of the weakening of America’s regulatory regime for protecting free market competition. -- Eric Peckham * TechCrunch *The Great Reversal is a must-read for anyone who cares about the single most important issue of our time—the growing concentration of economic and political power in the hands of too few corporations and individuals. Philippon shows us that America is no longer the home of free markets, and Old Europe is a lot more competitive than we think. Data-driven, readable economic myth-busting at its best. -- Rana Foroohar, Associate Editor and Global Business Columnist, Financial TimesProvides an in-depth, evidence-based examination of how unchecked corporate power harms workers, consumers, and the economy, all while making a passionate case in favor of competitive markets. * ProMarket *A timely diagnosis of what fundamentally ails the American economy. Philippon, using solid empirical evidence and careful research, asserts that the level of competition has declined in the U.S. -- Vivekanand Jayakumar * The Hill *Everyone in tech or interested in tech ought to read this book—it provides a rigorous, but easy-to-grasp look at the economics of consolidation and what it does to markets, prices, and products. -- Nilay Patel * The Verge *Excellent. -- Diane Coyle * Project Syndicate *Fascinating…Philippon’s work is impressive. -- Ali Nikpay * The Telegraph *Philippon argues for a surprising conclusion: Europe is making a better job of running a competitive market economy than the home of capitalism…Time also, Philippon argues, for America to relearn the virtues of competitive capitalism from its erstwhile pupil across the pond. -- Colm McCarthy * Irish Times *Should we love American capitalism, or hate it? Are large corporations making our lives better through endless innovation and price reductions, or are they exploiting their workers and their customers to enrich the few? Would European-style regulation make things better, or worse? Thomas Philippon’s eloquent book has the answers. It is an invaluable contribution to one of today’s most important debates. -- Angus Deaton, Nobel Laureate in Economic SciencesIn this hugely important book, Thomas Philippon shows that America’s most urgent economic problem is not too much capitalism, but rather too little competition. A clarifying guide to the political reforms we need to make the market work for ordinary people. -- Yascha Mounk, author of The People vs. Democracy: Why Our Freedom Is in Danger and How to Save ItSuperbly exposited and replete with examples, this marvelous book illustrates the challenges the United States faces today in reversing its decades-long slide into monopoly and economic oligarchy. A master class in political economy, it draws on the author’s own pathbreaking academic research, yet shows great respect for competing points of view. Philippon’s quantitative contrast between highly monopolized U.S. markets and highly competitive European markets is particularly striking. The data suggests that Americans should not be so complacent about their apparent economic superiority. -- Kenneth Rogoff, Harvard UniversityThe Great Reversal is a terrific book that tackles a hot, policy-relevant, and fascinating question: what has happened to competition in the United States? It’s essential reading to understand twenty-first-century capitalism. -- Gabriel Zucman, University of California, Berkeley

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Book Synopsis''The emerging rock-star of Europe''s anti-austerity uprising.''Daily Telegraph ''A spirited book.''New YorkerIn this remarkable and provocative book, Yanis Varoufakis, former finance minister of Greece, explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of both the Eurozone crisis and the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a Global Minotaur was born.Today''s deepening crisis in Europe is just one of the inevitable symptoms of the weakening Minotaur; of a global system which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis reveals how we might reintroduce a modicum of reason into what has become a perniciously irrational economic order.An essential account of the socio-economic events and hi

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Book SynopsisSara Hsu and Jianjun Li explore the transformative potential of China’s financial-technology industry, describing the risks and rewards for participants as well as the impact on consumers. Offering expert analysis of market potential, risks, and competition, as well as case studies of firms, China’s Fintech Explosion is a must-read.Trade ReviewChina has emerged as a leader in the global fintech industry, but there has been limited insight into this development. This book provides a wonderful summary of China’s fintech development, covering topics such as digital payment systems, peer-to-peer lending, and online consumer credit. From this book, we can understand how these emerging fintech businesses are changing the way Chinese consumers pay, borrow, and invest, and we receive a roadmap for the future of China’s fintech industry. -- Bohui Zhang, executive associate dean and presidential chair professor, Chinese University of Hong Kong, ShenzhenFintech started in the West, but to fully understand its adoption and innovation one must look East. This book does precisely that. It is an informative and comprehensive guide to the fast-moving area of fintech in China. This book goes beyond the techno-provision of credit to the underfunded and covers all areas of fintech, neatly blending contemporary information with analysis, case study, and research review. It is a must-read for the scholar and the student as well as those who wish to understand fintech in China. -- Kent Matthews, Sir Julian Hodge Professor of Banking and Finance, Cardiff Business School, Wales, and Nottingham University Business School Ningbo, ChinaWhile most writing on fintech takes a vertical approach to the field, this book’s integrative approach will become more valuable as point-solution start-ups begin to build the more multifaceted solutions long offered by incumbent financial-services firms. It is also accessible to anyone looking to gain a better understanding of the current state of affairs of fintech in China—certainly a good text for fintech courses in undergraduate and graduate programs. -- Drew David Pascarella, associate dean for MBA Programs and founder of the Fintech Intensive, Samuel Curtis Johnson Graduate School of Management, Cornell UniversityThe book is recommended for scholars who are interested in China’s fintech industry and modern banking sector, the Chinese economy, Chinese technological innovations, and the rise of global financial technology, especially those whose access to relevant information is limited to non-Chinese sources. * China Information *Table of ContentsPrefaceAcknowledgments1. Overview of China’s Fintech Industry2. Digital Payment Systems3. Peer-to-Peer Lending and Crowdfunding4. Online Consumer Credit, Online Supply Chain Finance, and Internet Banks5. Online Investment and Insurance6. Blockchain Finance and Virtual Currencies7. Disruption of Traditional Banking8. Risks of Fintech and Regulatory Technology9. Credit Reporting and Key Financial Technologies10. Outlook and Summing UpNotesBibliographyIndex

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Book Synopsis“Magisterial history... one of the most comprehensive histories of modern capitalism yet written.”—Michael Hirsh, The New York Times Book ReviewTrade Review"...even-handed and objective." -- The Washington Post"Broad and ambitious in its sweep... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so." -- Alan Beattie - FT Magazine"Essential reading for anyone who wants to understand the history of globalization from 1870 to the present." -- John Bruton - Irish Independent

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Book SynopsisThey say John Maynard Keynes called gold a ''barbarous relic''. They say there isn''t enough gold to support finance and commerce.They say the gold supply can''t increase fast enough to support world growth.They''re wrong.In The New Case for Gold, James Rickards explains why gold is one of the safest assets for investors in times of political instability and market volatility, and how every investor should look to add gold to his or her portfolio. Drawing on historical case studies, monetary theory and his personal experience as an investor, Rickards argues that gold should be a part of any prudent investor''s portfolio.James Rickards is the bestselling author of Currency Wars and The Death of Money. He is a portfolio manager at West Shore Group and an adviser on international economics and financial threats to the Department of Defence and the US intelligence community. He served as facilitator of the first-ever financial war games conducted by the Pentagon.Trade ReviewExcellent ... Rickards makes a compelling case for why those looking for a way to protect themselves and their families from economic chaos created by central bankers should consider gold.James Rickards gifts us once again with his clarity of prose, depth of experience and sound analysis ... An illuminating, original argument for gold as a critical contender in today's money games. The most important book on gold yet.We can't trust the Federal Reserve to do the honest work that Jim Rickards has done in writing this book ... Essential reading.

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Book SynopsisAcclaim for previous edition:'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of convergence, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.'- Robert O. Keohane, Princeton University, US Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Now in its second edition, Benjamin J. Cohen's introduction provides a comprehensive and up-to-date global survey of the field of international political economy. With detailed discussions regarding the divergent paths of different schools of thought in the field, this unique guide explores the links between contending factions. This Advanced Introduction gives students access to the multiple analytical styles and traditions of all perspectives in this rich field of study. Key features of the second edition: ? Concise introduction to the field in an accessible, non-technical form updated with the most recent discussions in IPE? Further in depth analysis of the most established American and British schools of IPE? Extended discussion of other key regions contributing to IPE, including Continental Europe, Latin America, Australia, Canada and China. Written in a concise and dynamic style, this Advanced Introduction serves as a thoughtful entry point text for advanced undergraduate and graduate students, as well as being an excellent go-to resource for scholars specializing in international political economy.Trade ReviewAcclaim for previous edition:'There is no better guide through the terrain of international political economy. Jerry Cohen has been a major contributor since the contemporary field emerged in the late 1960s at the intersection of international relations and international economics. He remains a superbly clear writer with first-hand knowledge of the key developments in what is now a truly global discipline. I recommend this book enthusiastically for introductory courses at the undergraduate or graduate levels.' --Louis W. Pauly, University of Toronto, Canada'A concise, readable and deeply informed survey of different approaches to international political economy. Essential reading for students in the field. Even advanced professionals will appreciate the diversity of perspectives examined. Cohen aims to create a more open field of IPE that appreciates and learns from difference. This book is a major contribution towards that goal.' --David A. Lake, University of California, San Diego, US'Jerry Cohen occupies that rare position from which, when he defines a field, other people sit up and take notice. Here, his experience, insight and vision are brought to bear on how best to define international political economy (IPE) for students who are already familiar with its basic subject matter. Written with his usual panache and in his usual engaging prose, this is a must-read book for both advanced students of IPE and the people who teach them.' --Matthew Watson, University of Warwick, UKTable of ContentsContents: 1. Introduction 2. The American school 3. America’s “Left-Out” 4. The British school 5. Britain’s “Far-Out” 6. Continental Europe 7. Latin America 8. China 9. The geography of IPE 10. What have we learned? Index

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Book SynopsisIt's rare that a book appears with a fresh perspective on world affairs, but renowned economist Ha-Joon Chang has some startlingly original things to say about the future of globalization. In theory, he argues, the world's wealthiest countries and supra-national institutions like the IMF, World Bank and WTO want to see all nations developing into modern industrial societies. In practice, though, those at the top are 'kicking away the ladder' to wealth that they themselves climbed. Why? Self-interest certainly plays a part. But, more often, rich and powerful governments and institutions are actually being 'Bad Samaritans': their intentions are worthy but their simplistic free-market ideology and poor understanding of history leads them to inflict policy errors on others. Chang demonstrates this by contrasting the route to success of economically vibrant countries with the very different route now being dictated to the world's poorer nations. In the course of this, he shows just how muddled the thinking is in such key areas as trade and foreign investment. He shows that the case for privatisation and against state involvement is far from proven. And he explores the ways in which attitudes to national cultures and political ideologies are obscuring clear thinking and creating bad policy. Finally, he argues the case for new strategies for a more prosperous world that may appall the 'Bad Samaritans'.Trade ReviewA smart, lively and provocative book that offers us compelling new ways to look at globalization -- Joseph E. Stiglitz, Nobel laureate in Economics, 2001Every orthodoxy needs effective critics. Ha-Joon Chang is probably the world's most effective critic of globalization. He does not deny the benefits to developing countries of integration into the world economy. But he draws on the lessons of history to argue that they must be allowed to integrate on their own terms -- Martin Wolf, Financial Times, author of 'Why Globalization Works'This is a marvellous book. Well researched, panoramic in its scope and beautifully written, Bad Samaritans, is the perfect riposte to devotees of a one-size-fits-all model of growth and globalization. I strongly urge you to read it -- Larry Elliott, Economics Editor, GuardianIn this more polemical tract, [Chang] adds the spark of personal reflection ... and some mischievous rhetorical set-pieces. * The Economist *This is an excellent book...deploys the logical discipline of economics and its engagement with quantitative evidence, but does so in jargon-free prose that sparkles with anecdotes and practical observations. * International Affairs *

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Book SynopsisThe African Continental Free Trade Area, established in 2018, represented a monumental step forward for Africa in terms of meeting longstanding aspirations for greater economic and political integration. But it has nonetheless been met with scepticism in some quarters, both within the continent and beyond. ''Borderless Africa'' makes the case for the AfCFTA in an accessible and compelling way, without shying away from technical and academic debates. Francis Mangeni and Andrew Mold take us on a journey through the different dimensions and implications of the AfCFTA, the largest free-trade zone in the world, starting with its underlying economic rationale. Pointing to the numerous historical examples of successful regional integration, they argue that the African continent will need to take on board such lessons as the agreement is implemented. They discuss, too, the more controversial elements of the AfCFTA, including the freedom of movement protocol, contending that this should not be

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Book SynopsisWhen the hammer and sickle flag came down at the Kremlin at the end of 1991, a feverish new market opened for business: Russia. In 2022, as soon as Putin's troops invaded Ukraine, that market started to collapse, as Western firms fled the skyscrapers of Moscow and beyond. No other country of this scale has transformed itself so dramatically, so quicklynot just once, but twice. Over three turbulent decades, a wild, proto-capitalist free-for-all came seductively close to becoming a predictable place to do business. And then it all unravelled. Russia's post-Soviet years have seen phenomenal successes, crushing failures, and the creation and destruction of enormous fortunes. How did it all happen? Charles Hecker tells the gripping, three-act story of international business in Russia since the fall of the USSR. What have global companies learntor failed to learnabout Russia over the course of this adventure? And beyond Russia, what do we now understand

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Book SynopsisDoes globalization help everyone or just the rich? Is it the enemy of sustainability or the only hope against climate change? Rival camps are dug in, but Anthea Roberts and Nicolas Lamp find points of agreement. Isolating the value conflicts that drive the globalization debate, they show where consensus lies and argue for achievable policy change.Trade ReviewSix Faces of Globalization is a very smart book, and not just for people interested in globalization. The authors manage to help readers understand the many faces of globalization by identifying multiple narratives that fuel different political movements and perspectives of the punditocracy. Ultimately, however, this is a book not just about globalization, but also about the power and importance of narrative: how it is constructed and how it can contribute to a far more nuanced and complex understanding of the forces of change. Highly recommended. -- Anne-Marie Slaughter, CEO, New AmericaAt a time when many of us have only one view of the world, so much so that we only read the books and watch the media that support our vision, Roberts and Lamp present us with a real challenge: they lay out convincingly and comprehensively many different narratives of globalization and its political and economic effects. The book thus implicitly challenges the narrative that each of us finds most compelling. Like in a movie by Kurosawa, our view of events depends on our position. This book compels us to change our position, move out of our comfort zone, and see the world differently and more broadly. -- Branko Milanovic, author of Capitalism, AloneAnthea Roberts and Nicolas Lamp have written a brilliant and extremely valuable book. They process an enormous amount of information but also, crucially, narratives and storylines about economic globalization and offer us a new way to sort and evaluate the various claims that circulate. The debates about ‘winners and losers’ explored in Six Faces of Globalization will be with us for years and will be the stuff of headlines for the foreseeable future. -- Quinn Slobodian, author of Globalists: The End of Empire and the Birth of NeoliberalismAs in the proverbial story of five blind men trying to make sense of an elephant, globalization presents itself in different forms to its proponents and opponents. This immensely useful book clarifies the debates around globalization by developing six narratives rooted in contending values and perceptions of reality. It helps us not only understand the best version of other sides’ narratives, but also move beyond our own conceptual straitjackets. -- Dani Rodrik, Harvard UniversitySix Faces of Globalization is not one more big-think, grand-vision book on the world’s problems and how to solve them. Instead, it is an indispensable guide to how and why many people have abandoned the old, time-tested ways of thinking about politics and the economy. This is the book the world needs to read now. It deserves a spot on every shelf of books about globalization. -- Richard Baldwin, Graduate Institute, GenevaRoberts and Lamp give their readers a useful framing to understand today’s—and tomorrow’s—fights about the world economy. * Fortune *Policymakers and business leaders will appreciate this levelheaded and wide-ranging look at a hot-button issue. * Publishers Weekly *Roberts and Lamp set out to disrupt our intellectual inertia, first by mapping out the six major Western narratives of globalization, then exploring how those narratives drive policies, for better or worse. -- James Herndon * Asian Review of Books *This book is highly informative and will certainly appeal to a wide audience interested in identifying the main themes driving the US attitude towards free trade and confrontation with China. -- Enrico Colombatto * Journal of Economics *

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Book Synopsis Beyond the headlines of the world''s most beloved sporting events Brazil hosted the 2016 men''s World Cup at a cost of $15 billion to $20 billion, building large, new stadiums in cities that have little use for them anymore. The projected cost of Tokyo''s 2020 Summer Olympic Games is estimated to be as high as $30 billion, much of it coming from the public trough. In the updated and expanded edition of his bestselling book, Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup, Andrew Zimbalist tackles the claim that cities chosen to host these high-profile sporting events experience an economic windfall. In this new edition he looks at upcoming summer and winter Olympic games, discusses the recent Women''s World Cup, and the upcoming men''s tournament in Qatar. Circus Maximus focuses on major cities, like London, Rio, and Barcelona, that have previously hosted these sporting events, to provide context for future host cities that will bear the weight of exploding expenses, corruption, and protests. Zimbalist offers a sobering and candid look at the Olympics and the World Cup from outside the echo chamber.

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Book SynopsisSheelah Kolhatkar is a former hedge fund analyst and staff writer at The New Yorker, where she writes about Wall Street, Silicon Valley, and politics, among other things. She has appeared as a speaker and commentator on business and economics issues at conferences and on broadcast outlets including CNBC, Bloomberg Television, Charlie Rose, PBS NewsHour, WNYC and NPR. Her writing has also appeared in Bloomberg Businessweek, New York, The Atlantic, The New York Times and other publications.Trade ReviewA prodigious feat of reporting * Malcolm Gladwell *Fast-paced and filled with twists, Black Edge has the grip of a thriller. It is also an essential exposé of our times—a work that reveals the deep rot in our financial system. Everyone should read this book. -- David Grann, New York Times bestselling author of THE LOST CITY OF ZA tour de force of groundbreaking reporting and brilliant storytelling, a revealing inside account of how the Feds track a high-profile target—and, just as important, an unsettling portrayal of how Wall Street works today -- Jeffrey Toobin, New York Times bestselling author of AMERICAN HEIRESSBlack Edge is a real-life thriller about the government’s attempt to get the legendary trader Steve Cohen on insider trading charges—and the lengths to which he goes to elude them. Using deep reporting and top-notch storytelling, Sheelah Kolhatkar is able to shed new light on one of the least known and most fascinating characters on Wall Street. -- Bethany McLean, co-author of THE SMARTEST GUYS IN THE ROOMBlack Edge is not just a work of major importance, it is also addictively readable—and horrifyingly compelling. Sheelah Kolhatkar pulls back the curtain on the cheating, corruption, and skulduggery that underlie large swaths of the hedge fund industry and some of Wall Street’s most fabled fortunes. This book is as hard to put down as it is to stomach. -- Jane Mayer, New York Times bestselling author of DARK MONEYIf you liked James B. Stewart’s Den of Thieves, Sheelah Kolhatkar’s thrilling Black Edge should be next on your reading list. * The Wall Street Journal *A richly reported, entertaining tale about the cat-and-mouse game between the government and Cohen. -- Andrew Ross Sorkin * The New York Times Book Review *A lot of people do not trust Wall Street. They regard it as a moneymaking machine for those who work there, which has little interest in practice in its stated aim of channelling capital into businesses and helping them to grow for the broader benefit of society. For such sceptics, Steven Cohen is Exhibit A. -- John Gapper * Financial Times *A modern version of Moby-Dick, with wiretaps rather than harpoons. -- Jennifer Senior * The New York Times *Excellent * The Economist *

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Book SynopsisWinner of the Estoril Global Issues Distinguished Book Prize 2013In 1412, Europe was a miserable backwater ravaged by plague, bad sanitation and incessant war, while the Orient was home to dazzling civilizations. Yet, somehow, the West came to dominate the Rest for most of the next half millennium.In this vital, brilliant book, Niall Ferguson reveals the six ''killer applications'' that the Rest lacked: competition, science, property rights, medicine, consumerism and the work ethic. And he asks: do we still have these winning tools? Or is this the end of Western ascendancy?''Brilliantly written, full of wit and virtuosity, stuffed with memorable lines and gorgeous bits of information. A great read'' The Times''A dazzling history of Western ideas ... epic'' Economist''Vivid and fascinating'' Daily Telegraph''Superb ... brings history alive ... dazzling'' Independent''This is sharp. It feels urgent. Ferguson ... twists his knife with great literary brio'' Andrew Marr, Financial TimesTrade ReviewFerguson is the most brilliant British historian of his generation ... he writes with splendid panache * The Times *One of the world's leading historians -- Hamish McRae * Independent *Civilization is another masterpiece ... a pulsing energy suffuses his account [and] fascinating facts burst like fireworks on every page -- Dominic Lawson * Sunday Times *This is sharp. It feels urgent. Ferguson, with a properly financially literate mind, twists his knife with great literary brio -- Andrew Marr * Financial Times *A dazzling history of Western ideas * Economist *

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Book SynopsisThis collection explores 18th-century theories of international market competition that continue to be relevant for the 21st century. “Jealousy of trade” refers to a particular conjunction between politics and the economy that emerged when success in international trade became a matter of the military and political survival of nations.Trade ReviewThese are very remarkable essays and it is invaluable to have them published in collected form. Dr. Hont has for many years been working on the interaction of political economy and political theory in the eighteenth and nineteenth centuries, and his knowledge of this field is unrivalled. He is able to study it in Central European, French, and British settings and perspectives, and his familiarity with recent (often Cambridge-inspired) developments in the methodology of intellectual history equips him especially well to present it to English speaking scholars. He is authentically a master in this field, and it is an exciting prospect to have his works in a single volume. -- J.G.A. Pocock, Johns Hopkins University, author of The Machiavellian MomentIstvan Hont, a prominent member of the influential "Cambridge School" of the history of ideas, is one of the most able and respected historians of early modern political thought and political economy writing today. This collection brings together Hont's most important work of the past 22 years, work that has helped to re-shape our understanding of Enlightenment thought, particularly the attempt by a wide range of philosophers and social theorists to comprehend the dynamics and evaluate the moral standing of emerging market societies in the West. -- E.J. Hundert, The University of British Columbia, author of The Enlightenment's Fable: Bernard Mandeville and the Discovery of SocietyIstvan Hont's book treats the most decisive transformation in the modern understanding of politics with unique intellectual boldness and unmatched depth of scholarship. He shows far more clearly than any previous interpreter just how and why the nature and consequences of international trade have come to set the agenda for coherent political action for every modern population. This is the intellectual backdrop to the chaotic and hazardous politics of today and tomorrow. Mastering it is a prerequisite for any possibility of a more orderly and dependably benign political future. -- John Dunn, University of Cambridge, author of Setting the People Free: The Story of Democracy[A] major new study...Jealousy of Trade is a collection of pioneering essays in the history of political and economic thought, focused on a period extending from the seventeenth to the nineteenth centuries...Hont presents his argument with an absorbing combination of scholarly erudition and analytical force. But his project remains a deliberately historical one. Its aim is to rewrite the history of modern liberalism, beginning with its foundations...Hont departs from the revisionist projects of Pocock and Skinner. In opposition to them, he seeks neither to recover nor to renovate traditions of political thought occluded by the subsequent triumph of liberalism. His purpose, instead, is to restore to the long history of liberalism its properly sceptical foundations. He begins by debunking the liberal legend of the benign progress of modern liberty. At the same time, Hont refuses to endorse the counter-mythologies of Marxism and socialism. In striving to maintain this disabused perspective, Jealousy of Trade provides an account of the development of modern political argument freed from the ideological distortions bred by party-polemical zeal. Its ambition here is conspicuous, but so too is its intellectual energy and imagination. It is a landmark contribution to its field. -- Richard Bourke * Times Literary Supplement *Hont's painstaking work on Enlightenment political and economic discourse is historically invaluable, because it reveals the epoch-making impact of emergent global commercial empires, and forces us to recognize that the histories of individual European nation-states are really the products of a transnational (and ultimately global) process at once political and economic. -- David W. Bates * International History Review *What this book in any case shows is that eighteenth-century political and economic thought still holds a [many] secrets and unexplored territory that, if dealt with carefully, can enrich present-day reflection on the challenges of global markets and international peace. Not in the least, the message of Jealousy of Trade implies a forceful argument addressed to economic theorists not to disregard the international political conditions under which eighteenth-century thinkers developed political economy, as well as those under which their nineteenth-century equivalents turned it into a science. -- Koen Stapelbroek * Storia del Pensiero Economico *

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Book SynopsisThe book that redefines economics for a world in crisis.Relentless financial crises. Extreme inequalities in wealth. Remorseless pressure on the environment. Anyone can see that our economic system is broken. But can it be fixed?In Doughnut Economics, Oxford academic Kate Raworth identifies the seven critical ways in which mainstream economics has led us astray - from selling us the myth of 'rational economic man' to obsessing over growth at all costs - and offers instead an alternative roadmap for bringing humanity into a sweet spot that meets the needs of all within the means of the planet. Ambitious, radical and provocative, she offers a new cutting-edge economic model fit for the challenges of the 21st century._____________________________________________________*The Sunday Times Bestseller**A Financial Times and Forbes Book of the Year**Winner of the Transmission Prize 2018**Longlisted for the FT/McKinsey Business Book of the Year Award 2017*'The John Maynard Keynes of the 21st century.' George Monbiot, Guardian'This is sharp, significant scholarship . . . Thrilling.' Times Higher Education'Raworth's magnum opus . . . Fascinating.' Books of the Year, Forbes'[Raworth's] biggest question . . . is one that terrifies all mainstream economists: is 'growth' endless?' Andrew Marr, Spectator'A compelling and timely intervention.' Caroline Lucas MP, Books of the Year, The EcologistTrade ReviewI’ve never seen [the concepts in Doughnut Economics] laid out so clearly, compellingly, or cheekily. Social entrepreneurs, it’s doughnut time – and I strongly recommend that you take a bite. -- Four Books Every Social Entrepreneur Should Read * Forbes *Doughnut Economics shows how to ensure dignity and prosperity for all people. * Huffington Post *A compelling and timely intervention. -- Caroline Lucas MP, Books of the Year * The Ecologist *A book you will need to know about . . . Kate writes beautifully . . . If only 10% of the ideas get implemented, the world will be a much better place. -- World Bank blogA sharp, insightful call for a shift in thinking . . . Raworth’s energetic, layperson-friendly writing makes her concept accessible as well as intriguing. * Publishers Weekly *Kate Raworth, formerly of Oxfam, shows that the undulations of equality and justice are really very profound . . . [Her] aim is to adjust human use of the processes of planetary dynamics so that the overall outcome of development is survival in peace, health, prosperity and companionship. * British Academy Review *Proposes a new economic model – one that embeds the human economy within the natural world and within society, rather than being distinct from either. * The Ecologist *An innovative vision about how we could refocus away from growth to thriving. * Daily Mail *A brand new way of conceptualising economic development without being tied to infinite growth . . . A useful idea. * Guardian *There are some really important economic and political thinkers around at the moment – such as Kate Raworth's Doughnut Economics . . . I get the sense that a major period of new thinking and political creativity is coming. -- Andrew Marr * Guardian *An admirable attempt to broaden the horizons of economic thinking. -- Martin Wolf, Books of the Year * Financial Times *Kate Raworth's well-received Doughnut Economics makes clear . . . [that] we have to enter a new age of thought, of communication, of politics. -- Natalie Bennett * The Ecologist *This is sharp, significant scholarship . . . Thrilling. * Times Higher Education *Required summer reading for Labour politicians and activists. * openDemocracy *Another look at measuring growth . . . Raworth makes several key suggestions for reform. * MoneyWeek *At last – an economic model that won't destroy the planet . . . I see [Raworth] as the John Maynard Keynes of the 21st Century: by reframing the economy, she allows us to change our view of who we are, where we stand, and what we want to be. -- George Monbiot * Guardian *Asks some simple and pertinent questions. Why do we tax employment, through payroll taxes, but not the use of such scarce resources as fresh water, the Earth’s minerals, wood and soil? [Raworth's] biggest question, however, is one that terrifies all mainstream economists: is ‘growth’ endless? -- Andrew Marr * Spectator *[Reveals] the huge hold in the standard economic model . . . offers a mountaintop view of the world. * Knowledge@Wharton: The Journal of Wharton Business School *Judiciously combining history, theory, anecdotes and diagrams, [Raworth] provides a narrative that is easy to follow . . . Worthwhile and challenging. * Frontline *A radical and solidly-argued book . . . Plausible and informative. * El Pais *

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Book SynopsisEconomics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta reveals the connections between economics, politics, and development, and shows how these interactions create the world we live in today.Trade ReviewAn excellent introduction... presents mathematical and statistical findings in straightforward prose. * Financial Times *I wish more people would read Dasgupta's book, and I wish more economists would write variations on its theme. It is a model specimen. * www.economicprincipals.com *The text is direct, rigorous and thought-provoking. It provides an intelligent, rigorous and readable introduction to economics. * London Book Review.com *Table of ContentsPreface ; Prologue ; 1. Macroeconomic History ; 2. Trust ; 3. Communities ; 4. Markets ; 5. Science and Technology as Institutions ; 6. Households and Firms ; 7. Sustainable Economic Development ; 8. Social Well-Being and Democratic Government ; Epilogue ; Further Reading

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Book SynopsisTrade is a cornerstone concept in economics worldwide. This updated second edition of the essential graduate textbook in international trade brings readers to the forefront of knowledge in the field and prepares students to undertake their own research. In Advanced International Trade, Robert Feenstra integrates the most current theoretical approacTrade ReviewPraise for the previous editon: "No other book in advanced international trade matches this one in providing a clear, complete, up-to-date, balanced, and systematic summary of international trade theory and evidence. Its impact on the graduate education and scholarly research of international trade will be felt for years to come."—Bin Xu, University of FloridaPraise for the previous editon: "In fifteen years of teaching this material I have never used a textbook. Thanks to Robert Feenstra, my students are about to experience a dramatic change for the better. When I have a question about international trade I immediately turn to Rob Feenstra for answers and insights. He is the most distinguished empirical researcher in the field today. Not surprisingly, this book reflects both his awesome scholarship and his ability to communicate ideas simply."—Daniel Trefler, University of TorontoPraise for the previous editon: "This book is a tremendous contribution. It will quickly become 'the' main textbook in graduate international trade classes, and will be a useful reference for many others interested in the field. It is very up-to-date and is unique in emphasizing empirical testing and results, precisely what most trade economists are doing these days."—Douglas Irwin, Dartmouth College, author of Free Trade Under FirePraise for the previous editon: "Feenstra covers his topics fabulously. I hope—for the sake of our field—that this book will help to complete a revolution already underway in turning the study of international trade from speculation into a science."—Donald Davis, Columbia UniversityPraise for the previous editon: "Robert Feenstra is to be congratulated on producing this excellent book, which should be on the bookshelf of anyone interested in trade theory and empirical research on international trade."—Sisira Jayasuriya, Economic RecordTable of ContentsAcknowledgments ix Foreword to the Second Edition xi Chapter 1 Preliminaries: Two-Sector Models 1 Chapter 2 The Heckscher-Ohlin Model 25 Chapter 3 Many Goods and Factors 51 Chapter 4 Trade in Intermediate Inputs and Wages 83 Chapter 5 Monopolistic Competition and the Gravity Equation I 119 Chapter 6 Monopolistic Competition and the Gravity Equation II 155 Chapter 7 Gains from Trade and Regional Agreements 186 Chapter 8 Import Tariffs and Dumping 214 Chapter 9 Import Quotas and Export Subsidies 256 Chapter 10 Political Economy of Trade Policy 299 Chapter 11 Trade and Endogenous Growth 331 Chapter 12 Multinationals and Organization of the Firm 360 Appendix A Price, Productivity, and Terms of Trade Indexes 403 Appendix B Discrete Choice Models 419 References 431 Index 465

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Book SynopsisTrying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows--very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You''ll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.Table of ContentsA New Dimension in Technical Analysis. The 1987 Crash Revisited--An Intermarket Perspective. Commodity Prices and Bonds. Bonds Versus Stocks. Commodities and the U.S. Dollar. The Dollar Versus Interest Rates and Stocks. Commodity Indexes. International Markets. Stock Market Groups. The Dow Utilities as a Leading Indicator of Stocks. Relative-Strength Analysis of Commodities. Commodities and Asset Allocation. Intermarket Analysis and the Business Cycle. The Myth of Program Trading. A New Direction. Appendix. Glossary. Index.

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Book SynopsisAcclaim for Trader''s Tales I have rarely gone through a day without hearing a joke about WallStreet. Ron Insana captures the essence of the culture that createsthose jokes with one hilarious tale after another. This book isgreat fun. -Stanley Druckenmiller Managing Director, Soros FundManagement. Ribald tales and outrageous jokes are as much a part of WallStreet as subordinated debentures, and Ron Insana has siftedthrough years of financial lore to collect the best of them. Afunny, funny book, certain to draw a chuckle and a wry smile ofrecognition from even the stiffest Masters of the Universe. -BryanBurrough Coauthor, Barbarians at the Gate. You can''t beat Wall Street for witty and outrageous behavior. RonInsana captures it. -Michael Steinhardt Managing Partner,Steinhardt Partners. Having worked on Wall Street for 20 years, I thought I had heardand seen it all. The secrets revealed in this book, however, areabsolutely shocking. -Elaine GarzarelliTable of ContentsAn Early Tale. The Floor Trader. Life in the Pits. The Trading Desk. Women on Wall Street. Greed, Gaming, and Trickery. Investors' Tales. Crash Tales. Street Talk. Constellations and Calender Quirks. Name Index.

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Book SynopsisThis collection of translated sources investigates all aspects of economic life in the Mediterranean world. It draws on a variety of documents and other contemporary writings, from Arab and Jewish, as well as Christian sources.Trade Review"Because of its extensive notes and commentary, Medieval Trade in the Mediterranean World continues to be useful to scholars. Its principal value, however, is as a teaching text: as one of the few that concentrates on documentary rather than narrative records." -- Adam J. Costo, Columbia UniversityTable of ContentsTable of Contents Foreword Introduction Note on Coinage, Weights, and Other Technical Terms Pt. 1. At the Origins of the Commercial Revolution I. Commerce in the Byzantine Empire, the Muslim East, and the Catholic West Pt. 2. Markets, Merchants, Merchandise, and Means of Exchange During the Commercial Revolution II. The Development of Markets III. The Growth of the Merchant Class IV. The Diversification of Merchandise V. The Evolution of the Means of Exchange Pt. 3. Commercial Contracts and Commercial Investments VI. Loans and the Problem of Interest VII. The Contract of Exchange and Its Double Function VIII. The Sea Loan and the Sea Exchange IX. The Commenda Contract X. Partnerships and Other Contracts Used in Land Trade XI. Depositors, Factors, and Commission Agents XII. Some Other Forms of Agreement XIII. Informal Commercial Papers Pt. 4. The Route and the Thorns Along It XIV. Transportation by Sea XV. Transportation by Land XVI. The Development of Insurance Contracts XVII. Commercial Litigation and Sharp Business Practices XVIII. Business Failures and their Settlement XIX. International Disputes over Trade XX. Legal Restrictions of Trade Pt. 5. Tools and Ideas XXI. Manuals XXII. The Progress of Accounting Methods XXIII. Commercial Correspondence XXIV. Moral Standards and Practical Advice List of Works Cited Bibliography Index

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Book SynopsisAuthoritative and fully up-to-date account by leading China expert on China's economic rise and how it will affect the world

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Book SynopsisFor the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative solutions to improve a system that isn't going anywhere.Trade ReviewA brilliant sequel to the pathbreaking Global Inequality. Drawing on original research and a typically wide sweep of history, Branko Milanovic poses all the important questions about our future. -- Gordon Brown, former Prime Minister of the United KingdomBranko Milanovic, a master economic statistician, here divides modern capitalism broadly into two versions: the ‘liberal’ one found in the West, and the ‘political’ one that has emerged in China. In this searching and richly argued work he weighs the choices we face and discusses whether the future may lie with one version, alone. -- James K. Galbraith, author of The End of NormalLeaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching. -- Edward Luce * Financial Times *Countries with larger tax cuts experienced bigger increases in inequality… [The consequences] are richly detailed in Capitalism, Alone… Builds on Milanovic’s previous book, Global Inequality… Ideally the two should be read together… [Milanovic] belongs to a new generation of data-driven economists who have helped track what has happened to income distribution in recent years. -- Liaquat Ahamed * New Yorker *Milanovic outlines a taxonomy of capitalisms and traces their evolution from classical capitalism before 1914, through the social-democratic capitalism of the mid-20th century, to ‘liberal meritocratic capitalism’ in much of the rich world, in particular America. He contrasts this with the ‘political capitalism’ found in many emerging countries, with China as the exemplar. These two capitalistic forms now dominate the global landscape. Their co-evolution will shape world history for decades to come. * The Economist *Few economists can compete with [Milanovic’s] stunning erudition, or with his skill in weaving together seemingly disparate figures with complex philosophical ideas to produce a coherent thesis that feels highly relevant to our troubled times. Capitalism, Alone is one of the most ambitious economics books published this year, in terms of its breadth and scope, and definitely one of the most fascinating. * ProMarket *The book is erudite, illuminating…Milanovic is well credentialed to take on this large and daunting subject…Scholarly and festooned with data, but also narrative in style and engaging to read…Milanovic chronicles the rise of authoritarian capitalism, both in nations that once epitomized liberal capitalism such as the U.S. and in countries like China, which are partly capitalist but show no signs of turning liberal…As a virtuoso economist, Milanovic is superb when he is compiling and assessing data. -- Robert Kuttner * New York Review of Books *A remarkable book, possibly the author’s most comprehensive opus so far…I highly recommend Capitalism, Alone to all readers and scholars interested in challenging their understanding of the (supposed) sole socio-economic system we live in. -- Roberto Iacono * LSE Review of Books *An extraordinarily valuable book for anyone who wants to gain an understanding of current topics in economic research and their bearing on policy debates. -- Matt Mazewski * Commonweal *May turn out to be a seminal work on the fin de siècle de capitalisme…His conclusions and concepts, make extraordinary contributions to considerations of the state of capitalism. * Business Day *A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured. The amoral pursuit of profit in more liberal capitalist societies has eroded the ethical norms that help sustain openness and democracy, he argues; now that tendency threatens to push such places in the direction of more authoritarian capitalist societies, such as China. * The Economist *This fascinating book offers a big-picture view of economic and social history over the past two centuries…But Milanovic is not confident that a more equal capitalism will emerge. -- Richard N. Cooper * Foreign Affairs *An ambitious and provocative examination of the present and the future of capitalism. It is a valuable, data-rich, and thoughtful addition to several recent books examining the challenges facing this economic system…Milanovic says that while capitalism cannot be replaced—at least in the foreseeable future—it can be improved. -- Zia Qureshi * Finance & Development *Attempts to make sense of the new world order and what could come of it. For that, it deserves to be read…An interesting and important read about the state of capitalism today and the directions it may take in the future. Milanovic’s history of focusing on economic data—rather than simplistic theory—and his healthy skepticism of meritocratic capitalism ensure that Capitalism, Alone will inform and provoke readers. * New York Journal of Books *Capitalism, Alone is an excellent work that covers a broad swath of the history of modern capitalism. -- Edward Wolff, author of A Century of Wealth in AmericaMilanovic has written what may be his most ambitious book yet. Featuring his trademark clarity and erudition, Capitalism, Alone contains wide-ranging and thoughtful insights into the nature of capitalism as it is currently structured and considers how it will evolve in the coming century. -- Arjun Jayadev, Azim Premji UniversityBranko Milanovic, the master narrator of global equality, brings an entirely new perspective to the topic in this remarkably astute book. By tracing the deep and evolving ideological foundations of capitalism and communism and analyzing the rise of Asia and particularly China, he contributes thought-provoking insights on the critical role of institutions and ideology for the long-term prospects of global economies. -- Debin Ma, London School of Economics and Political ScienceWhen politicians, pundits, and academics speak of a growing competition, or even a New Cold War, between the United States and China, one thing that is not asked enough is what is being competed for. Likewise, when we speak of an ‘American’ or ‘Western’ model, in contrast to a ‘Chinese’ one, it is worth asking what or who exactly is being modeled, and to what end. One of the virtues of Branko Milanović’s new book, Capitalism, Alone, is that it addresses these questions head-on and with useful insights and results. -- Nils Gilman * American Interest *Milanovic gives an impressive amount of space and effort in his book to provide a thorough analysis of the role of corruption in globalization…What I have always most valued about Branko Milanovic is his willingness to follow his intuition to open up new aspects of the political discussion. I may not agree with him on some issues, but I always come away greatly enriched by the experience. -- Mathew D. Rose * Brave New Europe *A data-rich, provocative account of where capitalism is today and where it may be headed. -- Samuel Hammond * Quillette *A gift to those of us grappling with economic and political inequality, as we seek ways to promote a fairer and more productive, sustainable society. -- Tim Page * Trades Union Congress (TUC) blog *[The] first three chapters are brilliant, original and make for gripping reading…Relish the erudition and panache. -- Duncan Green * From Poverty to Power *An excellent new book on the past, present, and future of economic systems. -- Umair Javed * Dawn *Milanovic writes as a good teacher, telling us what is coming, sharing the content, and then reminding us what we just learned. He takes the reader on diverting side journeys into the history of communism, the implausibility of a universal basic income, and even a brief summary from first principles of the past development and possible trajectories of Western liberal capitalism. The effect can be both exhilarating and overwhelming…Capitalism, Alone is a book to scribble questions all over, and then read again. -- Glyn Davis * Inside Story *Milanovic’s method is eclectic and empirical, informed by Marxist concepts but not limited to them. -- Max B. Sawlicky * Jacobin *Milanovic’s greatest contributions in Capitalism, Alone come from his fresh approach to the history of different capitalist countries. His taxonomy of Western countries evolving from classical, social-democratic, and now liberal-meritocratic capitalism helps us put the current state of affairs into better context and think about the ways policy can and cannot improve the system…His analysis of the forces and magnitudes of different kinds of inequality give a more nuanced story than is often found in public discussions. -- Will Compernolle * Liberal Currents *The conceptions of political and liberal meritocratic capitalism prove to be both novel and compelling…Milanovic’s proposition is valuable as framework for understanding the future of political capitalism, within China and beyond. -- Panthea Pourmalek * Journal of East Asian Studies *A readable and thought-provoking book, providing a concise introduction to some of the most important issues of our time. -- Kevin Hjortshøj O’Rourke * Society *[Milanovic] brings readers broader perspectives than most western economists. -- Martin Sandbu * Financial Times *

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Book Synopsis

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