Monetary economics Books

Book SynopsisA myth-busting explanation of inflation, the desperate gullibility of central bankers and finance ministers—and our abject failure to learn from historyTrade Review“My kind of inflation book. There is lots of great storytelling, which lightens the subject matter, and makes it accessible to non-experts.”—Moira O’Neill, Financial Times, “Best Summer Books of 2023: Money”“Historically informed and lucid.”—Martin Wolf, Financial Times, “Best Summer Books of 2023: Economics”“Not just a useful and well-written account of inflation for the layman, but a contribution to a debate that is still very much live. A brilliantly clear and concise new history.”—Juliet Samuel, Times (UK)“As with all the best economists, King’s views are grounded in an understanding of our historical experience.”—Roger Bootle, Daily Telegraph“Highly readable and informative. . . . King’s timely book should be essential reading for economic policymakers everywhere.”—Nick Macpherson, Financial Times“[An] excellent and readable new book about the re-emergence of inflation.”—Larry Elliot, The Guardian“A damning critique. . . . King writes lucidly, avoiding the jargon that makes economics impenetrable to the lay reader.”—Edward Chancellor, Times Literary Supplement“[A] lively polemic. . . . King’s view is that getting inflation back down to 2 percent will involve breaking more eggs than the authorities are prepared to acknowledge.”—Howard Davies, Literary Review“A powerful combination of history, current affairs and economic analysis.”—Mohamed A. El-Erian, on Twitter“Equal parts history lesson, policy primer and cri de coeur for index-linked pocket money, We Need to Talk About Inflation makes its subject as engaging as it is urgent—highly recommended for aspiring economists, and actual economists in search of historical perspective.”—Tom Orlik, chief economist for Bloomberg Economics, on Twitter“King makes his case with verve, in the process delineating the pernicious effects of inflation and underscoring the absurdity of thinking it could never reappear in advanced economies.”—Max Harris, Finance & Development“This is a fun book to read and with an important underlying message—central banks are under watch everywhere. How they emerge from this inflation crisis will determine both their reputation worldwide and how they evolve from here.”—Vicky Pryce, Society of Professional Economists“If you have a relative or friend who has kept asking what all this ‘inflation stuff’ is about, consider giving them a copy of this very readable book.” —Michael Reddell, Central Banking “Most of those who have to deal with inflation are too young to remember when it was last a serious issue. This book teaches them what they need to know. King’s lessons command our attention.”—Lawrence H. Summers, former US Treasury Secretary“Everything you wanted to know about inflation but were afraid to ask. This book is timely, well-researched and very well-written.”—Mervyn King, former governor of the Bank of England“Reading Stephen King over the years has often given me advance notice of the next big economic story. Maybe you don’t think inflation is back for good. That is your right. But you’d be advised to read this book first.”—Stephanie Flanders, head of Economics and Government at Bloomberg

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Book SynopsisHave you ever wondered why we can afford to buy far more clothes than our grandparents ever could . . . but may be less likely to own a home in which to keep them all? Why your petrol bill can double in a matter of months, but it never falls as fast? Behind all of this lies economics.; It's not always easy to grasp the complex forces that are shaping our lives. But by following a dollar on its journey around the globe, we can start to piece it all together.; The dollar is the lifeblood of globalisation. Greenbacks, singles, bucks or dead presidents: call them what you will, they are keeping the global economy going. Half of the notes in circulation are actually outside of the USA - and many of the world's dollars are owned by China.; But what is really happening as our cash moves around the world every day, and how does it affect our lives? By following $1 from a shopping trip in suburban Texas, via China's central bank, Nigerian railroads, the oilfields of Iraq and beyond, The Almighty Dollar reveals the economic truths behind what we see on the news every day. Why is China the world's biggest manufacturer - and the USA its biggest customer? Is free trade really a good thing? Why would a nation build a bridge on the other side of the planet?; In this illuminating read, economist Dharshini David lays bare these complex relationships to get to the heart of how our new globalised world works, showing who really holds the power, and what that means for us allTrade Review"Original and engaging ... If you've ever wondered what globalisation is and why people get so passionate about it then I can think of no better guide. Economics can be fascinating and accessible. This book is proof" - Joel Hills, Business Editor, ITV News; "Brilliantly revealing" -- Ian King, business presenter, Sky News, and Times columnist; "Readable and illuminating" - --The Bookseller; "A brilliant book ... everyone should buy it because it's very, very readable" - Iain Dale, LBC

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Book SynopsisUnderstanding economics has never been easier!Want to learn more about Economics but simply don''t know where to start? Don''t worry - DK has got you covered!Simply Economics is the perfect introduction to the subject for those who are short of time but hungry for knowledge. Covering more than 120 key economic terms and ideas from scarcity to stocks and shares, this excellent economics books explains the key concept more clearly than ever before. Organized by major themes - Foundations of economics, Economies in action, Choices and Consequences, Markets, International Trade, and Finance - entries demystify the groundbreaking ideas of famous economists from Adam Smith to John Maynard Keynes, Joseph Schumpeter to Milton Friedman, explaining the essentials of each key economics school and theory.Dive straight in to discover:- All of the basic covering all of the different schools of economics- Simple, easy-to-understand graphics

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Book SynopsisTHE INTERNATIONAL BESTSELLER'Kelton has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured' Guardian'Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all' Naomi Klein'Game-changing ... Read it!' Mariana Mazzucato'A rock star in her field' The Times'This book is going to be influential' Financial Times'Convincingly overturns conventional wisdom' New York TimesSupporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse: how can we pay for it all? Leading economic thinker Stephanie Kelton, shows how misguided that question is, and how a radical new approach can maximise our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending is wrong. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: which deficits actually matter?Trade ReviewKelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless. * Financial Times *Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it! -- Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global EconomyIn a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use. -- Naomi KleinThe best book on rethinking economics that anyone will find right now. * Richard Murphy *In the wake of the financial impact of the coronavirus, she's having a moment ... she's become a rock star in her field. -- Ben Hoyle * The Times *Kelton is a razor-sharp writer ... smashing shibboleths of conventional economic wisdom. * The Irish Times *This book is going to be influential. -- Martin Wolf * Financial Times *One of the most important and accessible books ever written about money * The National *Kelton's book achieves a revolution in political economy. * LSE Review of Books *A leading light in modern monetary theory. * Financial Times *[Kelton] has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured. * The Guardian *Convincingly overturns the conventional wisdom that federal budget deficits are somehow bad * New York Times *The most talked about economics book of 2020 * Spears Magazine *A remarkable book both in content and timing. A 'must read' that is sure to influence many aspects of policymaking going forward -- Mohamed El-Erian, chief economic advisor at Allianz

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Book SynopsisShortlisted for the Financial Times and McKinsey Business Book of the Year AwardA New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.Digital Gold is New York Times reporter Nathaniel Popper''s brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement.The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments. More than just a tech industry fad, Bitcoin has threatened to decentralize some of society''s most basic institutions.An unusual tale of group invention, Digital Gold charts the rise of the Bitcoin technology through the eyes of the movement''s colorful central characters, including an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, and Bitcoin''s elusive creator, Satoshi Nakamoto. Already, Bitcoin has led to untold riches for some, and prison terms for others.Trade ReviewLively and thorough... a vivid guide to the characters who met online and built bitcoin -- John Gapper * Financial Times *An amazing story... crucial reading for anyone who wants to understand the future -- Walter Isaacson, author of The InnovatorsAn elegant, thrilling tour-de-force, the fast-paced action never stops in the ongoing quest to create something the world has never seen before -- William D. Cohan, author of House of CardsA highly readable and informative account of the early years of a technology-cryptocurrency-that may one day turn out to be almost as significant as the internet itself... a tech thriller -- John Naughton * Observer *

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Book SynopsisWho really benefits from a cashless society?Many of us rarely use cash these days. And the reach of corporations into our lives via cards and apps has never been greater. But what we're told is inevitable is actually the work of powerful interests: the great battle of our time is for ownership of the digital footprints that make up our lives.Cloudmoney tells a revelatory story about the fusion of big finance and tech, which requires physical cash to be replaced by digital money or 'cloudmoney'. Diving beneath the surface of the global financial system, Brett Scott uncovers a long-established lobbying infrastructure waging a covert war on cash under the banner of progress but at the cost of our privacy, politics and individual freedom.'A wonderfully revolutionary text' YANIS VAROUFAKIS'Scott has struck an important vein that is vital in a digital age' FINANCIAL TIMES'Brilliant, fascinating and utterly accessible' KATE RAWORTH, author of Doughnut EconomicsTrade ReviewIf people could see clearly how their money is created, they would rebel - especially now that it is digitised. Brett Scott's highly readable and topical Cloudmoney is, in this sense, a wonderfully revolutionary text -- Yanis VaroufakisCloudmoney is a brilliant, fascinating and utterly accessible book - a pioneering and political guide to the fast-evolving web of global finance... If you want to understand what money is - and what it is in danger of becoming - start right here -- Kate Raworth, author of Doughnut EconomicsA fascinating and readable guide to the future, and how we can reclaim that future from the clutches of Big Finance and Big Tech -- Grace BlakeleyThe rush to a cashless society isn't about convenience. It is about power. Brett Scott cuts through the hype with this brilliant critique of digital money and the rise of fintech empires, while offering a compelling alternative vision. Don't miss this book -- Jason Hickel, author of Less Is MoreYour head has been deliberately filled with falsehoods and confusion about money. This brilliant book helps you understand how that happened, who profits from our collective financial ignorance, and how we might best fight back. Filled with dazzling insight and admirable clarity, this is a book you'll soon be recommending far and wide -- Raj Patel, author of Stuffed and StarvedCloudmoney does well to map out how the switch away from cash is being spun as natural progress... Scott has struck an important vein, that is vital in a digital age * Financial Times *An important reflection on the new world of finance. Brett Scott writes with gusto about blockchain, crypto and the power nexus between Big Tech and the banks in a cashless society -- Lionel Barber, author of The Powerful and The DamnedWith this wonderful, lucid and urgently important book, Brett Scott is hunting big game. Get a copy - and make sure you pay with cash -- Nicholas Shaxson, author of Treasure IslandsQuietly radical and unexpectedly beautiful, this is so much more than a book about money. Brett Scott propels the reader to a new understanding of today's capitalism through humour, first-hand reportage, patient explanation, deep political analysis and a lot of heart. Let him change the way you see the world - he has for me -- Sarah Jaffe, author of Work Won't Love You BackArise all data donors from your slumber - and read this book. You - we - have been sucked into the "tech-finance vortex" that is the new, dangerous alliance of Big Finance and Big Tech. Addicted to our apps, we are trapped in a dizzying whirlpool of surveillance, allowing the FinTech vortex to exercise power over, and profit from, every transaction undertaken. Scott, steeped in the sector, guides us through it, and helps readers understand what is happening. He invites us to revolt and jam the Big Fusion. His book is an urgent must-read -- Ann PettiforIn a book that is simultaneously irreverent, hard-hitting and entertaining, Brett Scott blows apart conventional myths about cash, digital money, and crypto, and brilliantly shows us what's at stake in the coming battles for the soul of money -- Stephanie Kelton, Author of The Deficit MythA groundbreaking book * Morning Star *

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Book SynopsisEconomics does not have to be intimidating. This book, complete with case studies and key facts, forms a course which will take you from beginner or intermediate level to being a competent economist. This book includes: simple step-by-step explanations, to help you grasp new topics or those that have previously confused you; highlighted key ideas, to help your understanding; 'Dig Deeper' ideas to help you go further; and end of chapter fact-checks to help you embed your learning and improve your confidence - all in one great value book so you don't need any separate workbooks or coursebooks. Chapters include: How markets work; how consumers behave; how firms behave; how markets distribute incomes; why markets fail; government intervention in markets; measuring the economy's size; money's role in the economy; macroeconomic objectives; achieving full employment and stable prices; achieving sustainable economic growth; the economy and the rest of the world; globalization and regional trading blocs.ABOUT THE SERIESThe Complete Introduction series from Teach Yourself is the ultimate one-stop guide for anyone wanting a comprehensive and accessible entry point into subjects as diverse as philosophy, mathematics, physics, Shakespeare and practical electronics. Loved by students and perfect for general readers who simply want to learn more about the world around them, these books are your first choice for discovering something new.Table of Contents Chapter 1: Chapter 1 Introducing Economics : PART ONE: MICROECONOMICS Chapter 2: Chapter 2 How Markets Work Chapter 3: Chapter 3 How Consumers Behave Chapter 4: Chapter 4 How Firms Behave Chapter 5: Chapter 5 How Markets Distribute Incomes Chapter 6: Chapter 6 Markets for (Almost) Everything Chapter 7: Chapter 7 Why Markets Fail Chapter 8: Chapter 8 Why Governments Intervene in Markets PART TWO: PART TWO MACROECONOMICS Chapter 9: Chapter 9 Measuring the Economy's Size Chapter 10: Chapter 10 Money's Role in the Economy Chapter 11: Chapter 11 Macroeconomic Objectives Chapter 12: Chapter 12 Achieving Full Employment and Stable Prices Chapter 13: Chapter 13 Achieving Sustainable Economic Growth Chapter 14: Chapter 14 The Economy and the Rest of the World Chapter 15: Chapter 15 Globalisation and Regional Trading Blocs :

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Book SynopsisHumans invented money from nothing, so why can't we live without it? And why does no one understand what it really is? In this lively tour through the centuries, Jacob Goldstein charts the story of this paradoxical commodity, exploring where money came from, why it matters and whether bitcoin will still exist in twenty years.Full of interesting stories and quirky facts - from the islanders who used huge stones as a means of exchange to the merits of universal basic income - this is an indispensable handbook for anyone curious about how money came to make the world go round.Trade ReviewFast-paced and chatty... a history of currency full of astonishing tales you might tell a friend in the pub... Great preparation for turbulent times: a vibrant and accessible grounding in how the evolution of cash - organic, random and social - really works. * The New York Times *Entertaining... [Goldstein's] strength is historical sweep, from the clay balls recording debts in Mesopotamia 5,000 years ago to decentralised encrypted electronic currencies including bitcoin. * Financial Times *A roller coaster ride through the history of one of humanity's strangest and most consequential inventions. This is a gripping, mind-bending story, and you couldn't ask for a better storyteller than Jacob Goldstein. * Tim Harford, author of How To Make The World Add Up *A lucid, entertaining explainer of all things economic. * Ira Glass, host and producer of This American Life *Table of Contents0: Inventing Money 1: The Origin of Money 2: When We Invented Paper Money, Had an Economic Revolution, Then Tried to Forget the Whole Thing Ever Happened 3: How Goldsmiths Accidentally Re-Invented Banks (and Brought Panic to Britain) 4: How to Get Rich with Probability 5: Finance as Time Travel: Inventing the Stock Market 6: John Law Gets to Print Money 7: The Invention of Millionaires 8: Everybody Can Have More Money 9: But Really: Can Everybody Have More Money? 10: The Gold Standard: A Love Story 11: Just Don't Call It a Central Bank 12: Money Is Dead. Long Live Money 13: How Two Guys in a Room Invented a New Kind of Money 14: A Brief History of the Euro (and Why the Dollar Works Better) 15: The Radical Dream of Digital Cash 16: CONCLUSION: The Future of Money

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Book SynopsisMaksim Brukouski''s study was inspired by the postwar economic history of Japan with a major focus on trade disputes with its largest overseas partner, the United States of America, accompanied by some nearly unique and ''mysterious'' phenomena like decade-long deflation, the liquidity trap, and the high yen recession that could be observed in Japan after the collapse of the Bretton Woods system. Commercial pressure to appreciate the yen associated with trade tensions between Japan and the US is a major non-mainstream explanation of the problems mentioned above. Despite many controversial discussions about this issue, there has been little theoretical research analyzing the role of political pressure in an affected economy and the channels through which it spreads its influence. Brukouski''s book provides two instruments to resolve these gaps: a comparative static model, and an extension to a baseline New-Keynesian DSGE framework. His analysis of the short- and long-run implications of mercantile pressure for monetary policy and the economy challenges the popular view that the exchange rate influences the trade balance in a predictable way, evaluates pressure costs and effectiveness, and reveals new perspectives on the possible origins of Japan''s problems associated with trade disputes. The results of his study serve as a warning for other countries with a similar foreign commercial reality, for example China, against repeating the same policy mistakes.

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Book SynopsisTHE SUNDAY TIMES BESTSELLERHorrified by the current financial crisis? Want to learn how we might get out of it? This is a pivotal moment in our economy. With the markets in free-fall, financial challenges are growing for us all. A winter of inflation and spiralling energy costs looms. But it doesn't have to be this way. As former Governor for the Bank of England Mark Carney said to the BBC: The message from the financial markets is there's a limit to unfunded spending and unfunded tax cuts in this environment.'His book is essential reading for today's economic crisis and provides answers to your questions as well as solutions for the future.In Value(s), Carney offers a roadmap out of this chaos and towards a better, fairer society. This moment could be an opportunity for change, for overhaul. We cannot go on as we have, something must change. Drawing on a truly international perspective, this book offers a blueprint for how we can channel the dynamism of the market to transform intractTrade Review Winner of the Parliamentary Book Award for Best Political Book by a Non-Parliamentarian ‘This assault on the modern free market is a landmark achievement. It will help arm the best in business, finance and government and disarm the worst’WILL HUTTON, OBSERVER ‘A remarkably good read’Gillian Tett, FINANCIAL TIMES ‘A sweeping intellect … This is an important book’EVENING STANDARD ‘A stimulating read … offering hope that we can build a post-pandemic economy based on solid values’DAILY MAIL ‘This is an important book, deserving of a wide audience. We know things need to change and that we are in big trouble if we don’t’IRISH TIMES ‘A radical book that speaks out accessibly as to how we get everyone involved in solving our problems’BONO ‘Mark Carney’s indispensable new book asks how we can go from knowing the price of everything to understanding its true value … this is the essential handbook for 21st century leaders, policymakers and everyone who wants to build a fair and sustainable world’CHRISTINE LAGARDE ‘A roadmap to a fairer and more responsible, resilient world … This book is irradiated with the inspiring and critical conviction that money can be transformed into a tool of collective good’ANTONY GORMLEY ‘A fantastic read for anyone interested in the most pressing issues facing us. The need for a world of profit with better purpose is explained in such a clear and persuasive style. I hope it gets read by many people ‘JIM O’NEILL ‘Thought-provoking and readable… As societies struggle to rebuild solidarity in the post-Covid world, it will be an essential guide’RAGHU RAJAN ‘Mark Carney draws on his unique experience of running two central banks to offer original and thought provoking solutions to the world’s biggest challenges – from Covid to climate change’GORDON BROWN

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Book SynopsisAn introduction to the sociology of money, foregrounding how money embodies social relationsTrade Review'An extremely knowledgeable account of existing theories of money' -- Jens Beckert, author of Imagined 'Futures: Fictional Expectations and Capitalist Dynamics' (Harvard University Press, 2016)'A well-argued exploration of the history and nature of money ... Thorough and comprehensive' -- Mary Mellor, author of Money: Myths, Truths and Alternatives (Policy Press, 2019)Table of ContentsPreface 1. Economic Theories of Money – and Their Critiques 1.1. Barter, Exchange and Money 1.2. Objective versus Subjective Theories of Value 1.3. The Improbability of Exchange 2. Money’s Unlikely Origins 2.1. Gift-exchange and ceremonial monies 2.2. Money and (the End of) Violence 2.3. Economies of Sacrifice 2.4. Secrets of the Coin 3. Money and Finance 3.1. Time and Money 3.2. The Logic of Financial Markets 4. The Politics of Money 4.1. The Foundations and Fundamental Problems of Contemporary Money 4.2. Private Monies (or Bitcoin) 4.3. Sovereign Money 4.4. Central Bank Independence and the Inescapable Politicality of Money 5. Money and Society 5.1. Alienation and Freedom 5.2. Money and Functional Differentiation References Index

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Book Synopsis Barbara Casu is the Director of the Centre for Banking Research at Bayes Business School, City, University of London where she is Professor of Banking and Finance. She is also the Director of the Bayes Executive PhD Programme. She has over 50 publications in peer-reviewed journals, including Review of Economics and Statistics, Journal of Money, Credit and Banking and Journal of Corporate Finance. Claudia Girardone is Professor of Banking and Finance, Director of Essex Finance Centre (EFiC) and the Essex Business School's Director of Research. She has published over 50 articles in peer-reviewed international journals, including Journal of Corporate Finance, European Journal of Operational Research, Journal of Financial Stability and Journal of Financial Services Research. Philip Molyneux is Emeritus Professor at Bangor University. He previously was the Dean of the CollegTable of ContentsPreface Acknowledgements List of abbreviations and acronyms Part 1 Introduction to banking 1. What is special about banks? 2. Bank activities and services 3. Types of banking 4. International banking 5. Islamic banking Part 2 Central banking and bank regulation 6. Central Banking 7. Bank regulation and supervision 8. Bank failures and banking crises Part 3 Issues in bank management 9. Banks' balance sheet and income structure 10. Bank financial management 11. Banking risks 12. Bank risk management Part 4 Comparative banking markets 13. Banking in the UK 14. Banking in Europe 15. Banking in the US 16. Banking in Japan 17. Banking in emerging markets Part 5 Advanced topics in banking 18. Banks and markets 19. Mergers and acquisitions 20. Bank competition and financial stability Appendix A1 Interest rates, bonds and yields Appendix A2 Introduction to portfolio theory Glossary References and further reading Index

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Book SynopsisWhat do cacao beans, cowrie shells, paper cards, cigarettes and digital databases all have in common? At some time, they have been used as a form of money. Money is an essential aspect of everyday life and something that we usually take for granted until it all goes wrong. This book traces the role, growth and impact of money and finance on individuals, human civilisation and the type of economy we live in. The financial history of the world reads like a fascinating novel with innumerable twists and turns. We strive for financial stability and security, yet this often proves surprisingly ephemeral. Just as we hope we have reached a new plateau of prosperity, the financial system has a habit of throwing a spanner in the works, forcing us to change and adapt to new circumstances. This book traces the financial system from its birth as a credit system in ancient Mesopotamia, to the financial revolutions of the 20th and 21st centuries. This is the story of money, finance and economics but also its interaction with people, governments and society. Why did the American forces desperately try to destroy money during the American Revolution? Why do we tend to succumb to boom and busts? And if inflation is bad, why is deflation even worse? Also, the book looks at the effect money has on ourselves. Does money make us irrational? Is money really the root of all evil, or should we celebrate money for its potential to create prosperity and overcome poverty? Table of ContentsBefore money - barter/credit/gift economies/debt • The first currencies - how money evolved coins, notes, banks • How money transformed the world - how money facilitated trade, companies, economic growth • Behavioural theory of money - how people relate to money • The industrial revolution, free market economics, stock markets, modern banks, central banks • Finance and economics in the Twentieth Century • Debt throughout history - personal, company and government debt • Financial crash of 2007, Bitcoin, cashless societies • Different views on the financial system • Financial crashes.

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Book SynopsisTrade Review"Provocative . . . and well timed for an age of big deficits and high inflation." * The Economist *"Having given the magic money tree a good shake, governments are now grappling with inflation and swollen debts. A more sombre age calls for a more serious approach to economics. John Cochrane’s fiscal theory fits the bill."---Edward Chancellor, Reuters"The culmination of years of careful research. . . . [The Fiscal Theory of the Price Level] is not just about predicting the behaviour of the price level, but rather opens a whole new dimension for studying the political and redistributive implications of fiscal policy as expressed through the channel of monetary policy and inflation."---Michael Ben-Gad, Economic Affairs"Fiscal Theory of the Price Level . . . provides an elegant theoretical framework for both explaining the experiences of the 2010s and why the change in policy regime in the 2020s has led to high inflation and interest rates – and what will be required to return inflation to ‘normal’."---Melissa Davies, Society of Professional Economists

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Book SynopsisModern history shows that a nation''s success largely depends on the way it manages its money. But where do money and politics meet? From 1700 to the present day, Niall Ferguson offers a bold and original analysis of the evolution of today''s economic and political landscape. Far from being driven by the profit motive alone, our recent history, as Ferguson makes brilliantly clear, has also been made by potent and often conflicting human impulses - sex, violence and the desire for power. In this dazzling, powerful and controversial explanation of modern world history and the fundamental force that lurks behind it all, Niall Ferguson answers the big questions about finance and its crucial place in bringing happiness and despair, warfare and welfare, boom and crash to nations buffeted by the onward march of history. ''A marvellous combination of persuasion and provocation ... The Cash Nexus has enough ideas for a dozen books'' Martin Daunton, History Today ''The Cash Nexus is ... packed with intriguing arguments and controversial propositions ... [an] outstanding book'' Frank McLynn, Independent ''Ferguson is one of the most technically accomplished historians writing today ... The Cash Nexus offers an important corrective to the naïve story of economic growth'' Robert Skidelsky, New York Review of BooksTable of ContentsPart 1 Spending and taxing: the rise and fall of the warfare state; "hateful taxes"; the Commons and the castle -representation and administration. Part 2 Promises to pay: mountains of the moon - public debts; the money printers - default and debasement; of interest. Part 3 Economic politics: dead weights and tax-eaters - the social history of finance; the myth of the feelgood factor; the Silverbridge syndrome - electoral economics. Part 4 Global power: masters and plankton - financial globalization; golden fetters, paper chains - international monetary regimes; the American wave - democracy's flow and ebb; fractured unities; understretch - the limits of economic power; conclusion.

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Book SynopsisThis accessible and comprehensive survey of phonetic theory is an ideal introduction to phonetics for undergraduates approaching the subject for the very first time.Trade Review'This volume is an excellent introduction into the field of phonetics. It presents an impressive account of the articulatory, acoustic and perceptual aspects of human speech sounds. What makes this book especially useful are the various exercises in the chapters, and the addition of online audio materials to let readers develop their practical skills with ear-training exercises'. Marc Swerts, Professor of Communication and Information Sciences, Tilburg University, The Netherlands'the comprehensive content with clear explanations make[s] it a tool that students can use with confidence. It is remarkable in its potential to facilitate connections across the breadth of phonetics, providing excellent foundations for the reader's future career as a phonetician.'Times Higher EducationTable of ContentsPrefaceAcknowledgementsSymbols for transcribing EnglishIPA chart1. Starting phonetics2. The role of the larynx3. Place of articulation4. Manner of articulation5. Airstream mechanisms6. Describing vowels7. Further parameters of variation in vowels8. Further parameters of variation in consonants9. Connected speech - segment dynamics10. Beyond the segmentAnswers to exercisesBibliographyIndex

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Book SynopsisGeorge Soros is among the world's most prominent public figures. He is one of the history's most successful investors and his philanthropy, led by the Open Society Foundations, has donated over $14 billion to promote democracy and human rights in more than 120 countries. But in recent years, Soros has become the focus of sustained right-wing attacks in the United States and around the world based on his commitment to open society, progressive politics and his Jewish background. In this brilliant and spirited book, Soros offers a compendium of his philosophy, a clarion call-to-arms for the ideals of an open society: freedom, democracy, rule of law, human rights, social justice, and social responsibility as a universal idea. In this age of nationalism, populism, anti-Semitism, and the spread of authoritarian governments, Soros's mission to support open societies is as urgent as it is important.

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

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Book SynopsisThree authors with decades of experience have teamed up to provide an up-to-date, state-of-the art field guide to the emerging movement of regional currencies. People Money describes a global movement of people creating their own currencies to support regional business and strengthen their communities. These currencies operate legally alongside Bank Money and Government Money, giving people new choices in an age of transition from outworn financial structures to an era of sustainable abundance. Part One explains the characteristics and purpose of the various models of commercial- and community-oriented currencies, the administration and governance of the currencies, how to cooperate with other financial institutions, clearing systems and the issue of taxation. Part Two focuses on the 'how to' of developing a regional currency, outlining the key principles and design processes, and the benefits that have accrued as a result of their implementation. Finally, the book profiles and interviews some of the leading organisers of regional currencies around the world, explaining their driving passion and the nuances of each of the models - how the currency started, how it developed, the difficulties encountered on the journey, and how these were overcome. The currencies profiles include: Brixton Pound in London; The Business Exchange in Scotland; Blaengarw Time Centre in South Wales; Community Exchange System in South Africa; Chiemgauer in Germany; BerkShares, Equal Dollars, Ithaca HOURS and Dane County Time Bank in the USA; and many others.Trade Review"PEOPLE MONEY is a comprehensive , real-time survey of all the robust, viable local currencies and credit-systems emerging worldwide .These are now vital to provide safety-nets as citizens cope with the assaults of "austerity" policies of "technocrats" guided by defunct economics and what behavioural scientists call "theory-induced blindness". Economics was never a science and monetary policies based on its failed models are causing such widespread harm that the sensible solutions described in this book are now coming to light. This book is vitally important, not only to NGOs and concerned citizens , but also required reading for bankers, financiers and all economy policymakers looking for saner alternatives." Hazel Henderson, author of Building A Win-Win World, creator of the Green Transition Scoreboard, President , Ethical Markets Media (USA and Brazil), producer of the TV show "The Money Fix". "PEOPLE MONEY is the single most useful and empowering book I have encountered for those wanting to get involved in the complementary currency movement. Its diverse real-life examples and insightful 'how-tos', embedded in deep theoretical understanding, will surely make it essential reading for activists, policy-makers, and economists interested in localization and sustainability." Charles Eisenstein, Author of Sacred Economics

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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 SynopsisEliminate debt and save your way to financial freedom with social media sensation Santis O'Garro's fool-proof advice.In December 2018, Santis O'Garro found herself in a dire situation: a newly single mother in 15k of debt, with bills mounting and no one to turn to for help. Something had to change. The only option was to face her bad financial habits so she could get out of debt and fast.A year later, she had not only eradicated her debt, but was also financially secure enough to quit her job and pursue a new career. Here, she shows you how to change your money mindset so you can live a debt-free life, too.Packed with practical advice, you will learn how to conquer:The weekly shopMonthly billsAnnual car insuranceBack-to-school fees and even have some cash left over for an emergency fund and special occasions.So take the stress out of saving and let The Money Mentor show you the way to financial freedom.

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Book SynopsisThis is the ultimate guide to the world of the Freak. Renegade thinkers and bestselling sensations Levitt and Dubner have carefully curated the very best of their blogs, conversations, wisecracks and advice from the last decade to reveal the outlandish truth about everything from lying to bankrobbing, fast food to sex taxes.''We are all Freakonomists now'' Washington Post''A phenomenon ... their approach has won them a cult following'' Observer''Lie back and let Levitt and Dubner''s bouncy prose style carry you along from one peculiarity to the next'' Sunday Telegraph''You are guaranteed a good time'' Financial Times

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Book SynopsisEmpty shelves, petrol station queues and energy shortages: crises more familiar to those who lived through the 1960s and 1970s have now become a reality for many as global shipping times are squeezed, containers lie unopened at docks and supply shortages push up inflation, increasing the cost of consumer goods from milk to cars to building materials.In Sold Out, James Rickards explains why the shelves are empty, who broke the supply chain and why shortages will persist. He breaks down the history and structure of business around the world to offer readers a behind-the-scenes look at what''s really going on, and what they can do to mitigate the worst of what''s to come.Drawing on his financial expertise, he explains that consumers and investors need to be nimble to come through this unprecedented turn of events in good shape. Luckily, Rickards is on hand to provide the tools readers need to look ahead, monitor key trends and insulate against risks.

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Book SynopsisThis book shows how a system of private banks without a central bank can bring about financial stability through self-regulation. If one bank stretches credit too far, it will be reined in by the others before the system as a whole gets out of control.

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Book SynopsisTable of Contents 1 Introduction 2 Prices in the open economy: purchasing power parity 3 Financial markets in the open economy 4 Open economy macroeconomics 5 Flexible prices: the monetary model 6 Fixed prices: the Mundell–Fleming model 7 Sticky prices: the Dornbusch model 8 Portfolio balance and the current account 9 Currency substitution 10 General equilibrium models 11 Market efficiency and rational expectations 13 The risk premium 14 Target zones 15 Crises and credibility 16 Optimum currency areas, monetary union and the eurozone 17 Heterogeneous expectations and scapegoat models 18 Order flow analysis 19 A certain uncertainty: nonlinearity, cycles and chaos 20 Conclusions

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Book SynopsisA Highly Visual Guide To Developing A Personal Forex Trading Strategy Getting Started In Forex Trading Strategies A great next step to read for the beginning trader. It contains practical advice and resources on trading FOREX that only come with experience.Table of ContentsPart I. Traditional Elements of Forex Strategy. Chapter 1. Trading Techniques. Chapter 2. The "Soft" Elements of Style. Chapter 3. Money Management. Part II. Developing a Trading Codex. Chapter 4. The Codex Notebook. Chapter 5. The Codex Toolbox. Chapter 6. Style. Chapter 7. Money Management. Chapter 8. Setting Up Your Trading Platform. Part III. The Codex Method of Trading Forex. Chapter 9. Tracking Markets. Chapter 10. Selecting Markets. Chapter 11. Making a Trade. Chapter 12. Monitoring a Trade. Chapter 13. Exiting a Trade. Part IV. The Complete Forex Trader. Chapter 14. Post Mortem and Record Keeping. Chapter 15. Options and Options. Chapter 16. The Dreams of Reason - To Be or Not to Be a Forex Trader. Appendix A. Visual Basic Source Code. Appendix B. How the FOREX Game is Played.

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Book SynopsisAn accessible guide to trading the fast-moving foreign exchange market The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field. Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today''s biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs. Explains the forces that drive currencies and provides strategies to profit from them Reveals how you can use various currencies to reduce risk and take advantage of global trenTable of ContentsIntroduction xi Chapter One When Lightning Strikes 1 Chapter Two Rubles and Bahts and Euros—Oh, My! 19 Chapter Three The A to Zs of Forex 35 Chapter Four Step Right Up 53 Chapter Five Movers and Shakers 63 Chapter Six The Investor versus the Trader 77 Chapter Seven What All Winners Do 89 Chapter Eight So You’re an Investor? 105 Chapter Nine So You’re a Trader? 119 Chapter Ten Risky Business 133 Chapter Eleven The Top 10 Mistakes 145 Chapter Twelve Greetings from Nigeria, Please Help! 157 Chapter Thirteen Getting Down to Business 169 Chapter Fourteen Crash, Burn, and Learn 181 Chapter Fifteen Start Smart 193 Author’s Disclaimer 197

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Book Synopsis''The Brussels Commission has just suspended its senior economist, Bernard Connolly, for writing a book savaging the prospects for a common currency. There are many who now believe he should be lauded as a prophet.'' Observer, Editorial, 1 October 1995''Mr. Connolly''s longstanding proposition that the foisting of a common currency upon so many disparate nations would end in ruin is getting a much wider hearing...'' New York Times, 17 November 2011When first published in 1995, The Rotten Heart of Europe caused outrage and delight - here was a Brussels insider, a senior EU economist, daring to talk openly about the likely pitfalls of European monetary union. Bernard Connolly lost his job at the Commission, but his book was greeted as a profound and persuasive expose of the would-be ''monetary masters of the world.'' His brave act of defiance became headline news - and his book a major international bestseller

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Book Synopsis''Part of a veritable golden age for smart books on the current state of the global economy'' Politico''A fast-paced and apocalyptic look at the financial future'' Financial TimesFinancial expert, investment advisor and New York Times bestselling author James Rickards explores how the international monetary system has collapsed three times in the past and warns that another collapse is rapidly approaching and why, this time, nothing less than the institution of money itself is at risk.------------------------------------------------------------------------The US dollar has been the global reserve currency since the end of the Second World War. If the dollar fails the entire international monetary system will fail with it. But Washington is gridlocked, and America''s biggest competitors - China, Russia, and the Middle East - are doing everything possible to end US monetary hegemony.In The Death Of Money James Rickards oTrade ReviewA fast-paced and apocalyptic look at the financial future, taking in financiers' greed, central banks' incompetence and impending Armageddon for the dollar ... Rickards may be right that 'the system is going wobbly' * Financial Times *The Death of Money is making it a veritable golden age for smart books on the current state of the global economy * Politico *The Death of Money makes a valuable contribution to our economic discourse * Forbes *A terrifically interesting and useful book...fascinating -- Kenneth W. Dam, former deputy secretary of the Treasury and adviser to three presidentsThe Death of Money contains very big, provocative ideas clearly explained and delivered...Rickards's insight enables him to connect the dots in a way that few others can -- John Hathaway, portfolio manager, Tocqueville Gold FundThe Death of Money is an important new book for those who worry about the future of our country -- R. Christopher Whalen, noted bank analyst; author of InflatedThe Death of Money is an engrossing account of the massive stresses accumulating in the global financial system. Any serious student of financial crises and their root causes needs to read this book -- John H. Makin, Ph.D., resident scholar, American Enterprise Institute; former chief economist, Caxton AssociatesA great book makes you think differently about the world - and this one does just that -- Don Young, twenty-five-time Institutional Investor All-Star Analyst

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Book SynopsisThis comprehensive textbook deals with multidimensional aspects of macroeconomics through lucid presentation of concepts and critical comparison of different schools of thought.The book explains how the incomes of a country, prices of goods and services, level of employment, interest rates and so on are determined and how an economy progresses. It attempts to re-establish the existing theories behind the determination of macro variables and the growth process of an economy. In the process, it captures the significance of the debate between the classical orthodox theories and Keynesian modernism and its implications.Besides, adhering to traditional aspects, the volume also focuses on recent developments such as green macroeconomics. Undergraduate and postgraduate students of economics and business economics will find this book immensely helpful.

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Book SynopsisPublic spending is an important policy tool of the fiscal policy. This book empirically examines whether government expenditure - both capital and revenue - and governance indicators maintain any dynamic relationships with social sector developments.The book addresses critical themes in contemporary macroeconomics, including the ongoing debate between monetarist and Keynesian schools regarding inflation drivers, the role of government expenditure and money supply in promoting economic growth, social sustainability, and the emerging importance of environmental sustainability in policy formulation. It explores how good governance practices, particularly corruption control, influence the effectiveness of fiscal and monetary policies, while examining the delicate balance between economic expansion and environmental conservation through green financing and sustainable development initiatives.The book will be useful to students and researchers of economics, political science, sociology, administrative sciences, international relations, and the policy makers in the fiscal and monetary sectors of a country.

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Book SynopsisKeynes's academic articles and reviews on a number of subjects, including India, statistics, World War I and international economics.Table of Contents1. India; 2. Index numbers; 3. Statistics; 4. The First World War and reconstruction; 5. Money; 6. International economics; 7. Miscellaneous reviews.

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Book SynopsisThe new European edition of Mankiw''s bestselling and highly readable text communicates the theories and models of macroeconomics in a concise and accessible way, with real-world examples, discussions and case studies. The text is fully updated with extensive coverage of the global financial crisis and in particular its impact on European economies.

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Book SynopsisYou Spend It. You Save It. You Never Have Enough of It. But how does money actually work?Understanding cash, currencies and the financial system is vital for making sense of what is going on in our world, especially now. Since the 2008 financial crisis, money has rarely been out of the headlines. Central banks have launched extraordinary policies, like quantitative easing or negative interest rates. New means of payment, like Bitcoin and Apple Pay, are changing how we interact with money and how governments and corporations keep track of our spending. Radical politicians in the US and UK are urging us to transform our financial system and make it the servant of social justice. And yet, if you stopped for a moment and asked yourself whether you really understand how it works, would you honestly be able to say 'yes'?In Money in One Lesson, Gavin Jackson, a lead writer for the Financial Times, specialising in economics, business and public policy, answers the most important questions to clarify for the reader what money is and how it shapes our societies. With brilliant storytelling, Jackson provides a basic understanding of the most important element of our everyday lives. Drawing on stories like the 1970s Irish Banking Strike to show what money actually is, and the Great Inflation of West Africa's cowrie shell money to explain how it keeps its value, Money in One Lesson demystifies the world of finance and explains how societies, both past and present, are forever entwined with monetary matters.

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