Search results for ""Author Barry Eichengreen""
Princeton University Press Globalizing Capital: A History of the International Monetary System - Third Edition
Essential reading for understanding the international economy—now thoroughly updatedLucid, accessible, and provocative, and now thoroughly updated to cover recent events that have shaken the global economy, Globalizing Capital is an indispensable account of the past 150 years of international monetary and financial history—from the classical gold standard to today's post–Bretton Woods "nonsystem." Bringing the story up to the present, this third edition covers the global financial crisis, the Greek bailout, the Euro crisis, the rise of China as a global monetary power, the renewed controversy over the international role of the U.S. dollar, and the currency war. Concise and nontechnical, and with a proven appeal to general readers, students, and specialists alike, Globalizing Capital is a must-read for anyone who wants to understand where the international economy has been—and where it may be going.
£25.20
Oxford University Press Inc The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era
In the last few years, populism -- of the right, left, and center varieties -- has spread like wildfire throughout the world. The impulse reached its apogee in the United States with the election of Trump, but it was a force in Europe ever since the Great Recession sent the European economy into a prolonged tailspin. In the simplest terms, populism is a political ideology that vilifies economic and political elites and instead lionizes 'the people.' The people, populists of all stripes contend, need to retake power from the unaccountable elites who have left them powerless. And typically, populists' distrust of elites shades into a catchall distrust of trained experts because of their perceived distance from and contempt for 'the people.' Another signature element of populist movements is faith in a savior who can not only speak directly to the people, but also serve as a vessel for the plain people's hopes and dreams. Going back to the 1890s, a series of such saviors have come and gone in the US alone, from William Jennings Bryan to Huey Long to -- finally -- Donald Trump. In The Populist Temptation, the eminent economic historian Barry Eichengreen focuses on the global resurgence of populism today and places it in a deep context. Alternating between the present and earlier populist waves from modern history, he argues that populists tend to thrive most in the wake of economic downturns, when it is easy to convince the masses of elite malfeasance. Yet while there is more than a grain of truth that bankers, financiers, and 'bought' politicians are responsible for the mess, populists' own solutions tend to be simplistic and economically counterproductive. Moreover, by arguing that the ordinary people are at the mercy of extra-national forces beyond their control -- international capital, immigrants, cosmopolitan globalists -- populists often degenerate into demagoguery and xenophobia. There is no one solution to addressing the concerns that populists raise, but Eichengreen argues that there is an obvious place to start: shoring up and improving the welfare state so that it is better able to act as a buffer for those who suffer most during economic slumps. For example, America's patchwork welfare state was not well equipped to deal with the economic fallout that attended globalization and the decline of manufacturing in America, and that played no small part in Trump's victory. Lucidly explaining both the appeals and dangers of populism across history, this book is essential reading for anyone seeking to understand not just the populist phenomenon, but more generally the lasting political fallout that follows in the wake of major economic crises.
£21.99
Princeton University Press Globalizing Capital: A History of the International Monetary System - Second Edition
First published more than a decade ago, Globalizing Capital remains an indispensable part of the economic literature today. Written by renowned economist Barry Eichengreen, this classic book emphasizes the importance of the international monetary system for understanding the international economy. Brief and lucid, Globalizing Capital is intended not only for economists, but also a general audience of historians, political scientists, professionals in government and business, and anyone with a broad interest in international relations. Eichengreen demonstrates that the international monetary system can be understood and effectively governed only if it is seen as a historical phenomenon extending from the period of the gold standard to today's world of fluctuating prices. This updated edition continues to document the effect of floating exchange rates and contains a new chapter on the Asian financial crisis, the advent of the euro, the future of the dollar, and related topics. Globalizing Capital shows how these and other recent developments can be put in perspective only once their political and historical contexts are understood.
£31.50
Oxford University Press Inc The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era
Populism, on both the right and the left, has spread like wildfire throughout Europe and the United States and is making inroads in other parts of the world. In simplest terms, populism is a political ideology that vilifies elites, minorities and foreigners while lionizing "the people." It reached its apogee in the U.S. with the election of Donald Trump but has been a force in Europe since the Great Recession and the refugee crisis. We now see the rise of leaders with populist tendencies everywhere from Brazil to Turkey. In The Populist Temptation, Barry Eichengreen places this global resurgence of populism in its historical context. Populists have always thrived, he observes, in times of poor economic performance. Populism feeds on rising inequality, which augments the ranks of those left behind and fans dissatisfaction with the economic status quo. It responds to rapid economic change that heightens insecurity. These economic developments, Eichengreen shows, give rise to populist reactions when they highlight the divergent interests of the people and the elite. Banking and financial crises are a case in point: the financiers who are the precipitating agents of such crises are card-carrying members of the elite, and are seen as profiting at the expense of the people. But populism is also a protest against the declining influence of the traditions, beliefs and community of once-dominant groups. It is a reaction against the challenge posed by immigrants and minorities to the people as a homogeneous, well-defined entity. Populists capitalizing on these feelings appeal to a glorious, mythologized past grounded in the collective traditions of that once-dominant majority. They invoke nationalism and criticize politicians who embrace diversity, open borders and equal rights. Populism has particular appeal, Eichengreen shows, when these identity politics and economic grievances come together. There is no magic solution to these concerns, but Eichengreen points to a starting place: strengthening welfare state policies that make for greater equality of opportunity and social cohesion. Comparing Europe with the United States, he shows that America's patchwork welfare state is less well equipped to deal with the fallout from globalization and technical change and the growing distance between social groups. This reality will be hard to change, since America's limited welfare state reflects the country's historically-rooted suspicion of big government. It is therefore in the United States, Eichengreen concludes, where the siren song of populism is most alluring--and dangerous.
£14.99
Rowman & Littlefield Labor and an Integrated Europe
£19.99
Oxford University Press Inc In Defense of Public Debt
A dive into the origins, management, and uses and misuses of sovereign debt through the ages. Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debts—about the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness. Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergencies—from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education, and healthcare. In these ways, the capacity to issue debt has been integral to state building and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance. The authors develop their arguments historically, recounting two millennia of public debt experience. They deploy a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully stabilized and brought down. Finally, they bring the story up to date, describing the role of public debt in managing the Covid-19 pandemic and recession, suggesting a way forward once governments—now more heavily indebted than before—finally emerge from the crisis.
£25.99