But as Jane Mayer shows in this powerful, meticulously reported history, a network of exceedingly wealthy people with extreme libertarian views bankrolled a systematic, step-by-step plan to fundamentally alter the American political system.The network has brought together some of the richest people on the planet. Their core beliefs—that taxes are a form of tyranny; that government oversight of business is an assault on freedom—are sincerely held. But these beliefs also advance their personal and corporate interests: Many of their companies have run afoul of federal pollution, worker safety, securities, and tax laws.The chief figures in the network are Charles and David Koch, whose father made his fortune in part by building oil refineries in Stalin’s Russia and Hitler’s Germany. The patriarch later was a founding member of the John Birch Society, whose politics were so radical it believed Dwight Eisenhower was a communist. The brothers were schooled in a political philosophy that asserted the only role of government is to provide security and to enforce property rights.When libertarian ideas proved decidedly unpopular with voters, the Koch brothers and their allies chose another path. If they pooled their vast resources, they could fund an interlocking array of organizations that could work in tandem to influence and ultimately control academic institutions, think tanks, the courts, statehouses, Congress, and, they hoped, the presidency. Richard Mellon Scaife, the mercurial heir to banking and oil fortunes, had the brilliant insight that most of their political activities could be written off as tax-deductible “philanthropy.”These organizations were given innocuous names such as Americans for Prosperity. Funding sources were hidden whenever possible. This process reached its apotheosis with the allegedly populist Tea Party movement, abetted mightily by the Citizens United decision—a case conceived of by legal advocates funded by the network.The political operatives the network employs are disciplined, smart, and at times ruthless. Mayer documents instances in which people affiliated with these groups hired private detectives to impugn whistle-blowers, journalists, and even government investigators. And their efforts have been remarkably successful. Libertarian views on taxes and regulation, once far outside the mainstream and still rejected by most Americans, are ascendant in the majority of state governments, the Supreme Court, and Congress. Meaningful environmental, labor, finance, and tax reforms have been stymied.Jane Mayer spent five years conducting hundreds of interviews-including with several sources within the network-and scoured public records, private papers, and court proceedings in reporting this book. In a taut and utterly convincing narrative, she traces the byzantine trail of the billions of dollars spent by the network and provides vivid portraits of the colorful figures behind the new American oligarchy.Dark Money is a book that must be read by anyone who cares about the future of American democracy.

    Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success--and mathematically unassailable method--caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed.Thereafter, Thorp shifted his sights to "the biggest casino in the world" Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world's first wearable computer.Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic--a book that challenges its readers to think logically about a seemingly irrational world.Praise for A Man for All Markets"In A Man for All Markets, [Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment."--The Wall Street Journal"[Thorp] gives a biological summation (think Richard Feynman's Surely You're Joking, Mr. Feynman!) of his quest to prove the aphorism 'the house always wins' is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders"-- Library Journal

    Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth twenty dollars? In the third volume of his best-selling Naked series, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking.The search for an answer triggers countless other questions along the way: Why does paper money (“fiat currency” if you want to be fancy) even exist? And why do some nations, like Zimbabwe in the 1990s, print so much of it that it becomes more valuable as toilet paper than as currency? How do central banks use the power of money creation to stop financial crises? Why does most of Europe share a common currency, and why has that arrangement caused so much trouble? And will payment apps, bitcoin, or other new technologies render all of this moot?In Naked Money, Wheelan tackles all of the above and more, showing us how our banking and monetary systems should work in ideal situations and revealing the havoc and suffering caused in real situations by inflation, deflation, illiquidity, and other monetary effects. Throughout, Wheelan’s uniquely bright-eyed, whimsical style brings levity and clarity to a subject often devoid of both. With illuminating stories from Argentina, Zimbabwe, North Korea, America, China, and elsewhere around the globe, Wheelan demystifies the curious world behind the paper in our wallets and the digits in our bank accounts.

    Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world.Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments.Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber.Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining.

    From creating brand value to fine-tuning customer service, the folks running cartels have been attentive students of the strategy and tactics used by corporations such as Walmart, McDonald's, and Coca-Cola.     And what can government learn to combat this scourge? By analyzing the cartels as companies, law enforcers might better understand how they work—and stop throwing away 100 billion a year in a futile effort to win the “war” against this global, highly organized business.     Your intrepid guide to the most exotic and brutal industry on earth is Tom Wainwright. Picking his way through Andean cocaine fields, Central American prisons, Colorado pot shops, and the online drug dens of the Dark Web, Wainwright provides a fresh, innovative look into the drug trade and its 250 million customers.     The cast of characters includes “Bin Laden,” the Bolivian coca guide; “Old Lin,” the Salvadoran gang leader; “Starboy,” the millionaire New Zealand pill maker; and a cozy Mexican grandmother who cooks blueberry pancakes while plotting murder. Along with presidents, cops, and teenage hitmen, they explain such matters as the business purpose for head-to-toe tattoos, how gangs decide whether to compete or collude, and why cartels care a surprising amount about corporate social responsibility.More than just an investigation of how drug cartels do business, Narconomics is also a blueprint for how to defeat them.

    To understand Greenspan's story is to see the economic and political landscape of the last 30 years--and the presidency from Reagan to George W. Bush--in a whole new light. As the most influential economic statesman of his age, Greenspan spent a lifetime grappling with a momentous shift: the transformation of finance from the fixed and regulated system of the post-war era to the free-for-all of the past quarter century. The story of Greenspan is also the story of the making of modern finance, for good and for ill.    Greenspan's life is a quintessential American success story: raised by a single mother in the Jewish émigré community of Washington Heights, he was a math prodigy who found a niche as a stats-crunching consultant. A master at explaining the economic weather to captains of industry, he translated that skill into advising Richard Nixon in his 1968 campaign. This led to a perch on the White House Council of Economic Advisers, and then to a dazzling array of business and government roles, from which the path to the Fed was relatively clear. A fire-breathing libertarian and disciple of Ayn Rand in his youth who once called the Fed's creation a historic mistake, Mallaby shows how Greenspan reinvented himself as a pragmatist once in power. In his analysis, and in his core mission of keeping inflation in check, he was a maestro indeed, and hailed as such. At his retirement in 2006, he was lauded as the age's necessary man, the veritable God in the machine, the global economy's avatar. His memoirs sold for record sums to publishers around the world.   But then came 2008. Mallaby's story lands with both feet on the great crash which did so much to damage Alan Greenspan's reputation. Mallaby argues that the conventional wisdom is off base: Greenspan wasn't a naïve ideologue who believed greater regulation was unnecessary. He had pressed for greater regulation of some key areas of finance over the years, and had gotten nowhere. To argue that he didn't know the risks in irrational markets is to miss the point. He knew more than almost anyone; the question is why he didn't act, and whether anyone else could or would have. A close reading of Greenspan's life provides fascinating answers to these questions, answers whose lessons we would do well to heed. Because perhaps Mallaby's greatest lesson is that economic statesmanship, like political statesmanship, is the art of the possible. The Man Who Knew is a searching reckoning with what exactly comprised the art, and the possible, in the career of Alan Greenspan.

    Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.

    In the 1980s China was an impoverished backwater, struggling to escape the political turmoil and economic mismanagement of the Mao era. Today it isthe world's second biggest economy, the largest manufacturing and trading nation, the consumer of half the world's steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America.China's growth has lifted 700 million people out of poverty. It has also created a monumental environmental mess, with smog-blanketed cities and carbon emissions that are a leading cause of climate change. Multinational companies make billions of dollars in profits in China each year, but tradersaround the world shudder at every gyration of the country's unruly stock markets. Most surprising of all, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip.How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? What do China's changes mean for the rest of the world? China'sEconomy: What Everyone Needs to Know(R) answers these questions in straightforward language that you don't need to be an economist to understand, but with a wealth of detail drawn from academic research, interviews with dozens of company executives and policy makers, and a quarter-century of personalexperience. Whether you're doing business in China, negotiating with its government officials, or a student trying to navigate the complexities of this fascinating and diverse country, this is the one book that will tell you everything you need to know about how China works, where it came from andwhere it's going.

    Narrowing the thousands of factors that can shape a country’s fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, Sharma’s pioneering book is an entertaining field guide to understanding change in this era or any era.A Library Journal Best Book of 2016

    They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose.Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They had no history of anticorporate activism. Instead they were all foreclosure victims, and while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents, discovering the deceit behind them, and building a movement to expose it.Fiscal Times columnist David Dayen recounts how these ordinary Floridians challenged the most powerful institutions in America armed only with the truth—and for a brief moment they brought the corrupt financial industry to its knees.

    Whether you are a student, software developer, tech entrepreneur, or researcher in computer science, this authoritative and self-contained book tells you everything you need to know about the new global money for the Internet age.How do Bitcoin and its block chain actually work? How secure are your bitcoins? How anonymous are their users? Can cryptocurrencies be regulated? These are some of the many questions this book answers. It begins by tracing the history and development of Bitcoin and cryptocurrencies, and then gives the conceptual and practical foundations you need to engineer secure software that interacts with the Bitcoin network as well as to integrate ideas from Bitcoin into your own projects. Topics include decentralization, mining, the politics of Bitcoin, altcoins and the cryptocurrency ecosystem, the future of Bitcoin, and more.An essential introduction to the new technologies of digital currencyCovers the history and mechanics of Bitcoin and the block chain, security, decentralization, anonymity, politics and regulation, altcoins, and much moreFeatures an accompanying website that includes instructional videos for each chapter, homework problems, programming assignments, and lecture slidesAlso suitable for use with the authors' Coursera online courseElectronic solutions manual (available only to professors)

    Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was doomed to failure--and promised apocalyptic scenarios if the city didn't fire thousands of workers, freeze wages, and slash social services.In this vivid, gripping account, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city, forever transforming the largest metropolis in the United States and reshaping ideas about government throughout the country. In doing so, she brings to life a radically different New York, the legendarily decrepit city of the 1970s. Drawing on never-before-used archival sources as well as interviews with key players in the crisis, Phillips-Fein guides us through the hairpin turns and sudden reversals that brought New York City to the edge of bankruptcy--and kept it from going over. At once a sweeping history of some of the most tumultuous times in the city's past, a colorful portrait of the unwieldy mechanics of municipal government, and an origin story of the politics of austerity, Fear City is essential reading for anyone seeking to understand the resurgent fiscal conservatism of today.

    We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy he offers us an essential work about the history and future of money and banking, the keys to modern finance.The Industrial Revolution built the foundation of our modern capitalist age. Yet the flowering of technological innovations during that dynamic period relied on the widespread adoption of two much older ideas: the creation of paper money and the invention of banks that issued credit. We take these systems for granted today, yet at their core both ideas were revolutionary and almost magical. Common paper became as precious as gold, and risky long-term loans were transformed into safe short-term bank deposits. As King argues, this is financial alchemy—the creation of extraordinary financial powers that defy reality and common sense. Faith in these powers has led to huge benefits; the liquidity they create has fueled economic growth for two centuries now. However, they have also produced an unending string of economic disasters, from hyperinflations to banking collapses to the recent global recession and current stagnation.How do we reconcile the potent strengths of these ideas with their inherent weaknesses? King draws on his unique experience to present fresh interpretations of these economic forces and to point the way forward for the global economy. His bold solutions cut through current overstuffed and needlessly complex legislation to provide a clear path to durable prosperity and the end of overreliance on the alchemy of our financial ancestors.

    Hacker and Paul Pierson explained how political elites have enabled and propelled plutocracy. They trace the economic and political history of the United States over the last century and show how a viable mixed economy has long been the dominant engine of America’s prosperity.Like every other prospering democracy, the United States developed a mixed economy that channeled the spirit of capitalism into strong growth and healthy social development. In this bargain, government and business were as much partners as rivals. Public investments in education, science, transportation, and technology laid the foundation for broadly based prosperity. Programs of economic security and progressive taxation provided a floor of protection and business focused on the pursuit of profit—and government addressed needs business could not.The mixed economy was the most important social innovation of the twentieth century. It spread a previously unimaginable level of broad prosperity. It enabled steep increases in education, health, longevity, and economic security. And yet, extraordinarily, it is anathema to many current economic and political elites. And as the advocates of anti-government free market fundamentalist have gained power, they are hell-bent on scrapping the instrument of nearly a century of unprecedented economic and social progress. In American Amnesia, Hacker and Pierson explain how—and why they must be stopped.

    Acclaimed information-security expert and author of Mastering Bitcoin, Andreas M. Antonopoulos examines and contextualizes the significance of bitcoin through a series of essays spanning the exhilarating maturation of this technology. Bitcoin, a technological breakthrough quietly introduced to the world in 2008, is transforming much more than finance. Bitcoin is disrupting antiquated industries to bring financial independence to billions worldwide. In this book, Andreas explains why bitcoin is a financial and technological evolution with potential far exceeding the label “digital currency.” Andreas goes beyond exploring the technical functioning of the bitcoin network by illuminating bitcoin’s philosophical, social, and historical implications. As the internet has essentially transformed how people around the world interact and has permanently impacted our lives in ways we never could have imagined, bitcoin -- the internet of money -- is fundamentally changing our approach to solving social, political, and economic problems through decentralized technology.

    DiLorenzo, sets the record straight in this concise primer on an economic theory that’s gaining popularity. DiLorenzo reveals how socialism inevitably makes inequality worse, why socialism was behind the worst government-sponsored mass murders in history, the myth of “successful” Scandinavian socialism; how socialism is worse—far worse—for the environment than capitalism, and more.

    Through encrypted channels, he then receives documents revealing how the president of Argentina has sequestered millions of dollars of state money for private use. This is just the beginning. Obermayer and fellow Suddeutsche journalist Frederik Obermaier find themselves immersed in the secret world where complex networks of letterbox companies help the super-rich to hide their money. Faced with the contents of the largest data leak in history, they activate an international network of journalists to follow every possible line of inquiry. Operating in the strictest secrecy for over a year, they uncover cases involving European prime ministers and international dictators, emirs and kings, celebrities and aristocrats. The real-life thriller behind the story of the century, The Panama Papers is an intense, unputdownable account that proves, once and for all, that there exists a small elite living by a different set of rules and blows their secret world wide open.

    Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the Twenty-First Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the Twenty-First Century is a major contribution to the theorization and critique of global capitalism.

    Johnson tell the definitive story of what has changed, what it means for businesses today, and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town, creating vast fortunes for its founders while dominating everyone's daily life. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people.The Internet today is awash in platforms - Facebook is responsible for nearly 25 percent of total Web visits, and the Google platform crash in 2013 took about 40 percent of Internet traffic with it. Representing the ten most trafficked sites in the U.S., platforms are also prominent over the globe; in China, they hold the top eight spots in web traffic rankings.The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other, melding the digital and physical worlds and blurring distinctions between "offline" and "online." These platform giants are expanding their influence from the digital world to the whole economy. Yet, few people truly grasp the radical structural shifts of the last ten years.

    As inequality grabs headlines, steals the show in presidential debates, and drives deep divides b....

    In just three decades it evolved into the world's second-largest economy and is today guided by highly entrepreneurial bureaucrats. In How China Escaped the Poverty Trap, Yuen Yuen Ang explains this astonishing metamorphosis. Rather than insist that either strong institutions of good governance foster markets or that growth enables good governance, Ang lays out a new, dynamic framework for understanding development broadly. Successful development, she contends, is a coevolutionary process in which markets and governments mutually adapt.By mapping this coevolution, Ang reveals a startling conclusion: poor and weak countries can escape the poverty trap by first harnessing weak institutions—features that defy norms of good governance—to build markets. Further, she stresses that adaptive processes, though essential for development, do not automatically occur. Highlighting three universal roadblocks to adaptation, Ang identifies how Chinese reformers crafted enabling conditions for effective improvisation.How China Escaped the Poverty Trap offers the most complete synthesis to date of the numerous interacting forces that have shaped China’s dramatic makeover and the problems it faces today. Looking beyond China, Ang also traces the coevolutionary sequence of development in late medieval Europe, antebellum United States, and contemporary Nigeria, and finds surprising parallels among these otherwise disparate cases. Indispensable to all who care about development, this groundbreaking book challenges the convention of linear thinking and points to an alternative path out of poverty traps.

    The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we’re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.But what if that narrative is wrong? What if the real threat to the American Dream isn’t rising income inequality—but an all-out war on success?In Equal is Unfair, a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we’ve been taught about inequality is wrong. You’ll discover:• why successful CEOs make so much money—and deserve to• how the minimum wage hurts the very people it claims to help• why middle-class stagnation is a myth• how the little-known history of Sweden reveals the dangers of forced equality• the disturbing philosophy behind Obama’s economic agenda.The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success—not pull down the high fliers in the name of equality.

    Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more.Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.

    The reason is simple. At first glance, Nordic countries seem to have everything liberals want to see in America: equal income distribution, good health, low levels of poverty, and thriving economies, all co-existing with big welfare states. By copying Nordic policies, many in the American left hope to transform America to a similar socialist -utopia.-In Debunking Utopia, Swedish author Nima Sanandaji explains why this is all wishful thinking. Certainly, some aspects of Nordic welfare states, such as childcare provision, merit the admiration of liberals. But overall, it is a unique culture based on hard work, healthy diets, social cohesion and high levels of trust that have made Nordic countries successful. Sanandaji explains how the Nordic people adopted this culture of success in order to survive in the unforgiving Scandinavian climate. He systematically proves that the high levels of income equality, high lifespans and other signs of social success in the Nordics all predate the expansion of the welfare state. If anything, the Nordic countries reached their peak during the mid-twentieth century, when they had low taxes and small welfare states. Perhaps most astonishing are his findings that Nordic-Americans consistently outperform their cousins who live across the ocean. People of Nordic descent who live under the American capitalist system not only enjoy higher levels of income, but also a lower level of poverty than the citizens of the Nordic countries themselves.Sanandaji's previous writings on the roots of Nordic success have gained media attention around the world and been translated into many languages. Debunking Utopia, which expands on this work, should be read by all--liberals and conservatives alike--who follow the debate over the future of American welfare. As Sanandaji shows, there is much Americans can learn from both the successes and failures of Nordic-style social democracy.

    Wayne Pacelle of the Humane Society of the United States reveals how entrepreneurs, Fortune 500 CEOs, world-class scientists, a new class of political leaders, and, most important, consumers are driving the burgeoning, unstoppable growth of the "humane economy." Every business grounded on animal exploitation, Pacelle argues, is ripe for disruption. Indeed each one of us is, and will be, touched by this far-reaching transformation in food and agriculture; in the pharmaceutical, chemical, and cosmetics industries; in film, television, and live entertainment; in tourism and wildlife management; in the pet trade for dogs and cats and exotic wildlife; and in fur and leather fashions. Collectively it promises to relieve or end the suffering of billions of creatures, while allowing businesses aligned with the best instincts and values of their customers to flourish. Pacelle shows, for instance, how the cruelties of industrial chicken farming are quickly becoming obsolete with a visit to Hampton Creek, the makers of a plant-based egg substitute and the world's fastest-growing food startup ever. Pacelle also recounts the stories of how established companies are joining in this economic transformation: from Petco and PetSmart, which have turned the conventional pet store model on its head by forswearing puppy mill suppliers in favor of shelter dogs; to John Paul Mitchell Systems, the Body Shop, and Lush, which use safe ingredients instead of animal tests for their cosmetics; to major food retailers like Whole Foods, and even Costco and Walmart, which are embracing animal welfare standards that are one by one unwinding the horrors of the factory farm.

    Airbnb. Amazon. Apple. PayPal. All of these companies disrupted their markets when they launched. Today they are industry leaders. What’s the secret to their success?These cutting-edge businesses are built on platforms: two-sided markets that are revolutionizing the way we do business. Written by three of the most sought-after experts on platform businesses, Platform Revolution is the first authoritative, fact-based book on platform models. Whether platforms are connecting sellers and buyers, hosts and visitors, or drivers with people who need a ride, Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary reveal the what, how, and why of this revolution and provide the first “owner’s manual” for creating a successful platform business.Platform Revolution teaches newcomers how to start and run a successful platform business, explaining ways to identify prime markets and monetize networks. Addressing current business leaders, the authors reveal strategies behind some of today’s up-and-coming platforms, such as Tinder and SkillShare, and explain how traditional companies can adapt in a changing marketplace. The authors also cover essential issues concerning security, regulation, and consumer trust, while examining markets that may be ripe for a platform revolution, including healthcare, education, and energy.As digital networks increase in ubiquity, businesses that do a better job of harnessing the power of the platform will win. An indispensable guide, Platform Revolution charts out the brilliant future of platforms and reveals how they will irrevocably alter the lives and careers of millions.

    But is it really as simple as that? Kevin Rodgers has his doubts, and in this fascinating inside account of the financial world over the past three decades, he explains why. Taking us from the days when traders still shouted their deals down the phone to the silent modern world of computer trading, he shows how, far more than the pursuit of personal gain, it has been the pursuit of ever-more sophisticated systems, algorithms and financial models that has undermined banking and made it chronically unstable. He also shows how, by their very nature, the computers on which modern finance now so completely depend are hopelessly ill-equipped to forestall a future crash. Both a very personal and evocative account of how banking has changed since the 1980s, and a masterclass in how it actually works, Why Aren't They Shouting also offers a nuanced, if alarming, glimpse into its likely future.

    Stunningly so, the economist and historian Deirdre McCloskey argues in the concluding volume of her trilogy celebrating the oft-derided virtues of the bourgeoisie. The poorest of humanity, McCloskey shows, will soon be joining the comparative riches of Japan and Sweden and Botswana.   Why? Most economists—from Adam Smith and Karl Marx to Thomas Piketty—say the Great Enrichment since 1800 came from accumulated capital. McCloskey disagrees, fiercely. “Our riches,” she argues, “were made not by piling brick on brick, bank balance on bank balance, but by piling idea on idea.” Capital was necessary, but so was the presence of oxygen. It was ideas, not matter, that drove “trade-tested betterment.”  Nor were institutions the drivers. The World Bank orthodoxy of “add institutions and stir” doesn’t work, and didn’t. McCloskey builds a powerful case for the initiating role of ideas—ideas for electric motors and free elections, of course, but more deeply the bizarre and liberal ideas of equal liberty and dignity for ordinary folk. Liberalism arose from theological and political revolutions in northwest Europe, yielding a unique respect for betterment and its practitioners, and upending ancient hierarchies. Commoners were encouraged to have a go, and the bourgeoisie took up the Bourgeois Deal, and we were all enriched.   Few economists or historians write like McCloskey—her ability to invest the facts of economic history with the urgency of a novel, or of a leading case at law, is unmatched. She summarizes modern economics and modern economic history with verve and lucidity, yet sees through to the really big scientific conclusion. Not matter, but ideas. Big books don’t come any more ambitious, or captivating, than Bourgeois Equality.

    The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base of comparison. There is no imperfection without perfection.In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises.In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.

    But not for all.Academic social scientists such as Richard T. Ely, John R. Commons, and Edward A. Ross, together with their reform allies in social work, charity, journalism, and law, played a pivotal role in establishing minimum-wage and maximum-hours laws, workmen's compensation, progressive income taxes, antitrust regulation, and other hallmarks of the regulatory welfare state. But even as they offered uplift to some, economic progressives advocated exclusion for others, and did both in the name of progress.Leonard meticulously reconstructs the influence of Darwinism, racial science, and eugenics on scholars and activists of the late nineteenth and early twentieth centuries, revealing a reform community deeply ambivalent about America's poor. Economic progressives championed labor legislation because it would lift up the deserving poor while excluding immigrants, African Americans, women, and "mental defectives," whom they vilified as low-wage threats to the American workingman and to Anglo-Saxon race integrity.Economic progressives rejected property and contract rights as illegitimate barriers to needed reforms. But their disregard for civil liberties extended much further. "Illiberal Reformers" shows that the intellectual champions of the regulatory welfare state proposed using it not to help those they portrayed as hereditary inferiors, but to exclude them.

    Without countervailing voices, a better world can never materialise. Without countervailing voices, wells will still be dug and bridges will still be built, but only for the few. Food will still be grown, but it will not reach the mouths of the poor. New medicines will be developed, but they will be inaccessible to many of those in need.” George Monbiot is one of the most vocal, and eloquent, critics of the current consensus. How Did We Get into This Mess?, based on his powerful journalism, assesses the state we are now in: the devastation of the natural world, the crisis of inequality, the corporate takeover of nature, our obsessions with growth and profit and the decline of the political debate over what to do. While his diagnosis of the problems in front of us is clear-sighted and reasonable, he also develops solutions to challenge the politics of fear. How do we stand up to the powerful when they seem to have all the weapons? What can we do to prepare our children for an uncertain future? Controversial, clear but always rigorously argued, How Did We Get into This Mess? makes a persuasive case for change in our everyday lives, our politics and economics, the ways we treat each other and the natural world.

    The remarkable run of self-proclaimed democratic socialist Bernie Sanders for president of the United States has prompted for the first time in decades and to the shock of many a national conversation about socialism. A "New York Times" poll in late November found that a majority of Democrats had a favorable view of socialism, and in New Hampshire in February, more than half of Democratic voters under 35 told the Boston Globe they call themselves socialists. It s unclear exactly what socialism means to this generation, but couple with the ascendancy of longtime leftwinger Jeremy Corbyn to the leadership of the Labour Party in the UK, it s clear there s a historic, generational shift underway. This book steps into this moment to offer a clear, accessible, informative, and irreverent guide to socialism for the uninitiated. Written by young writers from the dynamic magazine "Jacobin," alongside several distinguished scholars, "The ABCs of Socialism" answers basic questions, including ones that many want to know but might be afraid to ask ( Doesn t socialism always end up in dictatorship?, Will socialists take my Kenny Loggins records? ). Disarming and pitched to a general readership without sacrificing intellectual depth, this will be the best introduction an idea whose time seems to have come again."

    At the same time, the nation sustained an expansive and brutal system of human bondage. This was no mere coincidence. Slavery's Capitalism argues for slavery's centrality to the emergence of American capitalism in the decades between the Revolution and the Civil War. According to editors Sven Beckert and Seth Rockman, the issue is not whether slavery itself was or was not capitalist but, rather, the impossibility of understanding the nation's spectacular pattern of economic development without situating slavery front and center. American capitalism--renowned for its celebration of market competition, private property, and the self-made man--has its origins in an American slavery predicated on the abhorrent notion that human beings could be legally owned and compelled to work under force of violence.Drawing on the expertise of sixteen scholars who are at the forefront of rewriting the history of American economic development, Slavery's Capitalism identifies slavery as the primary force driving key innovations in entrepreneurship, finance, accounting, management, and political economy that are too often attributed to the so-called free market. Approaching the study of slavery as the originating catalyst for the Industrial Revolution and modern capitalism casts new light on American credit markets, practices of offshore investment, and understandings of human capital. Rather than seeing slavery as outside the institutional structures of capitalism, the essayists recover slavery's importance to the American economic past and prompt enduring questions about the relationship of market freedom to human freedom.Contributors Edward E. Baptist, Sven Beckert, Daina Ramey Berry, Kathryn Boodry, Alfred L. Brophy, Stephen Chambers, Eric Kimball, John Majewski, Bonnie Martin, Seth Rockman, Daniel B. Rood, Caitlin Rosenthal, Joshua D. Rothman, Calvin Schermerhorn, Andrew Shankman, Craig Steven Wilder.

    Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalisation that is drastically different from the old.In the 1800s, globalisation leaped forward when steam power and international peace lowered the costs of moving goods across borders. This triggered a self-fueling cycle of industrial agglomeration and growth that propelled today's rich nations to dominance. That was the Great Divergence. The new globalisation is driven by information technology, which has radically reduced the cost of moving ideas across borders. This has made it practical for multinational firms to move labor-intensive work to developing nations. But to keep the whole manufacturing process in sync, the firms also shipped their marketing, managerial, and technical know-how abroad along with the offshored jobs. The new possibility of combining high tech with low wages propelled the rapid industrialisation of a handful of developing nations, the simultaneous deindustrialisation of developed nations, and a commodity supercycle that is only now petering out. The result is today's Great Convergence.Because globalisation is now driven by fast-paced technological change and the fragmentation of production, its impact is more sudden, more selective, more unpredictable, and more uncontrollable. As The Great Convergence shows, the new globalisation presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

    This book presents a unique, integrated perspective on natural gas, crude oil and natural gas liquids that is vital to understanding energy prices, product flows, infrastructure, equity values and the global energy economy.Innovative analysis provides energy producers, marketers, end users, financiers, and investors with a framework for understanding the tectonic shift in global supply and demand that will continue to drive energy markets for decades to come. The Domino Effect also delivers high-level insights into exploiting the extraordinary investment, trade and career opportunities that will continue to be opened by the shale revolution.

    In the late 1980s, to the surprise of nearly everyone, it suddenly collapsed. Why did this happen? And what role did Soviet leader Mikhail Gorbachev's economic reforms play in the country's dissolution? In this groundbreaking study, Chris Miller shows that Gorbachev and his allies tried to learn from the great success story of transitions from socialism to capitalism, Deng Xiaoping's China. Why, then, were efforts to revitalize Soviet socialism so much less successful than in China?Making use of never-before-studied documents from the Soviet politburo and other archives, Miller argues that the difference between the Soviet Union and China--and the ultimate cause of the Soviet collapse--was not economics but politics. The Soviet government was divided by bitter conflict, and Gorbachev, the ostensible Soviet autocrat, was unable to outmaneuver the interest groups that were threatened by his economic reforms. Miller's analysis settles long-standing debates about the politics and economics of perestroika, transforming our understanding of the causes of the Soviet Union's rapid demise.

    It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing.A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.

    Unfortunately, a dysfunctional anti-American, leftist government controls this vast resource and has used its wealth to foster voter support, ultimately wreaking economic havoc.Crude Nation reveals the ways in which this mismanagement has led to Venezuela’s economic ruin and turned the country into a cautionary tale for the world. Raúl Gallegos, a former Caracas-based oil correspondent, paints a picture both vivid and analytical of the country’s economic decline, the government’s foolhardy economic policies, and the wrecked lives of Venezuelans. Without transparency, the Venezuelan government uses oil money to subsidize life for its citizens in myriad unsustainable ways, while regulating nearly every aspect of day-to-day existence in Venezuela. This has created a paradox in which citizens can fill up the tanks of their SUVs for less than one American dollar while simultaneously enduring nationwide shortages of staples such as milk, sugar, and toilet paper. Gallegos’s insightful analysis shows how mismanagement has ruined Venezuela again and again over the past century and lays out how Venezuelans can begin to fix their country, a nation that can play an important role in the global energy industry.

     This failure is not rooted in superficial issues such as politics or governmental regulations; the failure is structural. The very foundation of the status quo has rotted away, and brushing on another coat of reformist paint will not save our societal house from collapse. Yet those who benefit from our status quo naturally deny it has failed, for the reason that it has yet to fail them personally—either pretending to not understand all unsustainable systems eventually collapse, or hoping to postpone it.The writing is on the wall for us to read:We are doing more of what has failed spectacularly.We are implementing emergency measures as permanent policies.We receive diminishing returns on status quo solutions.We suffer declining social mobility.We have a loss of social cohesion/shared purpose.Our status quo is not only failing to solve humanity’s six core problems—it has become the problem.Since this failure is now inevitable, something is coming to replace it. It is urgent that each of us understand why our status quo has failed, and why the usual menu of reforms can’t stop this failure, to prepare ourselves for the radical transformations ahead.

    As early as 1645, the Massachusetts Bay Colony began to prohibit the entry of “paupers.” Today, however, the notion that immigration is universally beneficial has become pervasive. To many modern economists, immigrants are a trove of much-needed workers who can fill predetermined slots along the proverbial assembly line.But this view of immigration’s impact is overly simplified, explains George J. Borjas, a Cuban-American, Harvard labor economist. Immigrants are more than just workers—they’re people who have lives outside of the factory gates and who may or may not fit the ideal of the country to which they’ve come to live and work. Like the rest of us, they’re protected by social insurance programs, and the choices they make are affected by their social environments.In We Wanted Workers, Borjas pulls back the curtain of political bluster to show that, in the grand scheme, immigration has not affected the average American all that much. But it has created winners and losers. The losers tend to be nonmigrant workers who compete for the same jobs as immigrants. And somebody’s lower wage is somebody else’s higher profit, so those who employ immigrants benefit handsomely. In the end, immigration is mainly just another government redistribution program.“I am an immigrant,” writes Borjas, “and yet I do not buy into the notion that immigration is universally beneficial. . . . But I still feel that it is a good thing to give some of the poor and huddled masses, people who face so many hardships, a chance to experience the incredible opportunities that our exceptional country has to offer.” Whether you’re a Democrat, a Republican, or an Independent, We Wanted Workers is essential reading for anyone interested in the issue of immigration in America today.

    But do we really understand what is meant by Federal Reserve independence? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers.Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does--and does not--define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals--within and outside of government--shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed--including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation--requires a reevaluation of the very way the nation's central bank is structured.Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a clear picture of this uniquely important institution.

    Murray N. Rothbard is a rare exception. More than two decades since his passing, his influence lives on, both in the work of a new generation of social scientists, and among a growing number of the general public.One reason for Rothbard’s continuing popularity is his ability to reach across disciplines, and to connect them: unlike many contemporary economists, who specialize in increasingly narrow fields within the science, Rothbard’s research agenda was expansive and interdisciplinary, covering most of the social sciences and humanities.Some readers of this book will already be familiar with Rothbard’s major works, such as his path-breaking treatise on economics, Man, Economy, and State. Yet Rothbard also produced hundreds of shorter works for both academic and popular audiences. Unfortunately, many lack the time to explore his writings; what’s more, his oeuvre is so enormous it is often difficult to know where to begin.This book aims to solve these problems by providing a window into Rothbard’s achievements in the social sciences, humanities, and beyond. It includes introductory, intermediate, and advanced material, to ensure the book can be enjoyed by readers of all levels of understanding and familiarity with Rothbard’s work. Therefore although it is intended primarily for newcomers, veteran readers will also find much to discover or re-discover in these pages.The individual articles in this collection can be read in any order; with that in mind, we propose two ways to explore them. Those new to Rothbard’s writing may want to begin with the shorter, more accessible chapters that interest them most, before continuing on to more difficult topics. However, we have intentionally arranged the articles and sections so that readers who prefer a systematic discussion, or who are already acquainted with Rothbard’s ideas, can read the book cover to cover.The volume begins with a personal look at Rothbard’s life and work, as told in his own words. The opening section, “Rothbard: Man, Economist, and Anti-Statist,” brings together three rare interviews, each highlighting different aspects of his unique personality and worldview. Readers will soon recognize an overarching theme running through Rothbard’s life and work: a passion for liberty, a unifying principle in his thought, no matter the discipline.This commitment can be seen further in the next section, “Foundations of Social Science and the Free Society.” In the first essay, Rothbard stresses “The Discipline of Liberty” as the foundation for the study of humanity. This central interest serves as inspiration and foundation for the project that follows, namely, an outline of the human sciences and their primary method of investigation: praxeology.Although Rothbard wrote on many subjects, his training—and heart—were in economics, and so too are the majority of the writings in this collection. The next two sections provide a concise exposition of economic theory, beginning with individual value and choice. They explore in turn Rothbard’s insights into the “Principles of Economics and Government Intervention” and “Money, Banking, and the Business Cycle.” Together, these chapters provide a brief overview of Rothbard’s more comprehensive account of economic theory in Man, Economy, and State.Austrian economists have always been fascinated by the history of their science, and Rothbard was no exception. In fact, his writings on the subject are among his most original and controversial.

    

    Stock Market 101 cuts out the boring explanations of basic investing, and instead provides hands-on lessons that keep you engaged as you learn how to build a portfolio and expand your wealth. From bull markets to bear markets to sideways markets, this primer is packed with hundreds of entertaining tidbits and concepts that you won't be able to get anywhere else. So whether you're looking to master the major principles of stock market investing or just want to learn more about how the market shifts over time, Stock Market 101 has all the answers--even the ones you didn't know you were looking for.

    The billionaires of Brazil and their massive fortunes resided at the very top of their country’s economic pyramid, and whether they quietly accumulated exceptional power or extravagantly displayed their decadence, they formed a potent microcosm of the world’s richest .001 percent. Eike Batista, a flamboyant and charismatic evangelist for the country’s new gospel of wealth, epitomized much of this rarefied sphere: In 2012, Batista ranked as the eighth-richest person in the world, was famous for his marriage to a beauty queen, and was a fixture in the Brazilian press. His constantly repeated ambition was to become the world’s richest man and to bring Brazil along with him to the top. But by 2015, Batista was bankrupt, his son Thor had been indicted for manslaughter, and Brazil—its president facing impeachment, its provinces combating an epidemic, and its business and political class torn apart by scandal—had become a cautionary tale of a country run aground by its elites. Over the four years Cuadros was on the billionaire beat, he reported on media moguls and televangelists, energy barons and shadowy figures from the years of military dictatorship, soy barons who lived on the outskirts of the Amazon, and new-economy billionaires spinning money from speculation. He learned just how deeply they all reached into Brazilian life. They held sway over the economy, government, media, and stewardship of the environment; they determined the spiritual fates and populated the imaginations of their countrymen. Cuadros’s zealous reporting takes us from penthouses to courtrooms, from favelas to extravagant art fairs, from scenes of unimaginable wealth to desperate, massive street protests. Within a business narrative that deftly explains and dramatizes the volatility of the global economy, Cuadros offers us literary journalism with a grand sweep. Praise for Brazillionaires“A wild, richly reported tale about Brazil’s recent economic rise and fall, and some of the biggest, most colorful characters in business in Brazil who now have a global reach. . . . Cuadros’s story really takes off when he focuses on Eike Batista, an over-the-top one-time billionaire who became the country’s corporate mascot, only to go bankrupt in a dramatic unraveling.”—Andrew Ross Sorkin, the New York Times   “In this excellent book [Cuadros] has managed to use billionaires to illuminate the lives of both rich and poor Brazilians, and all those in between.”—The Economist“Brazillionaires [is] journalist Alex Cuadros’s compelling tale of Brazil’s superrich, which deftly weaves lurid soap opera with high finance and outrageous political skullduggery. . . .

    It is an insider’s take in the day-to-day management of a challenge that marked and defined a generation” – New Europe “The most important book to date on the 6-year crisis” – Kathimerini “A personal narrative, it is written in enthralling language, and reads like a novel” – Imerisia “The pages where the political account turns into a legal and existential thriller are some of the most electrifying” – Ta Nea “Game Over is a book that needs to be read” – Athens Voice “You don't get closer to the Greek tragedy than this.... Very well written. A must-read, for insiders and outsiders” – @w_lelieveld “The best book about the Greek crisis comes from an insider: Former finance minister G. Papaconstantinou's book 'Game Over' is a must read!” – @jens_bastian In this real-life political thriller, former Greek Finance Minister George Papaconstantinou tells the inside story of the six years during which the Greek drama changed Europe and riveted the world. It is the story of a country forced by past mistakes into unprecedented actions with enormously painful consequences. A story about the people who shaped events by trying to respond to rapidly evolving circumstances often beyond their control. About decisions – good and bad, right and wrong – taken in official and behind-the-scenes gatherings in Brussels, Berlin, Frankfurt, Paris, London, New York, Washington and Athens; in Luxembourg châteaux courtyards, Davos kitchens and Bilderberg gatherings; in elegant offices and dreary basement meetings rooms. The story begins in October 2009 in Athens, when after a landslide victory, the new government shocks the world by announcing a fiscal deficit of an alarming size, until then kept secret. The “accident waiting to happen” since the launch of the Euro is finally here – but there are no contingency plans to deal with it, and the systemic nature of the crisis is initially not fully appreciated. When a bailout mechanism is finally put together, it fails to convince markets that the Eurozone will do whatever it takes to prevent the bankruptcy of one of its members. The bluff is called, and Greece is forced to apply in May 2010 for a massive loan from the Eurozone and the IMF, and accept a harsh austerity program. As the first loan installment arrives one day before the country declares default, the first wage and pension cuts produce riots and social unrest which leave three people dead. But the crisis is not over – it mutates. Delays in recognizing the problem and mistakes in the way it is dealt with end up opening the gates of hell for the entire Eurozone. Ireland is forced into a bailout – Portugal follows. And in Greece, the initial good program results are soon swept away by the concern in international markets that Greece might exit the Eurozone. Meanwhile the continuing austerity leads to an ever-deeper recession, rapidly rising unemployment, increasing social tensions, and real suffering. Six years down the road since the crisis erupted, Greece is in its third bailout, still in a severe social and economic crisis, and there are so many questions. Were other solutions available? Should Greece have threatened to default in order to get a better deal? Should there have been debt relief from the beginning? Would Greece have been better off if it had left the Euro? Has Greece saved the Euro but not its

    The author, University of Michigan Business School professor Paula J. Caproni, Ph.D., provides you with a practical framework that will help you get better results at work, be successful in your career, and enjoy a fulfilling life outside of work. This may seem like a tall order for one book, but it isn’t. Hundreds of researchers have spent more than three decades studying what the most successful and happiest people do differently than others. Based on this research, this book will help you find answers to the following questions: (1) Why do some people achieve their life goals while others muddle through and never reach the success they hope for? (2) Why do some people who excel in school (and seem destined for success) stall early in their careers, while some who don’t perform as well in school end up enjoying meaningful and productive careers, often exceeding the expectations of others? (3) Why do some people thrive in their jobs while others simply go through the motions? (4) Why do some people bounce back from failure while others become immobilized? (5) Why are some people able to have successful careers as well as a fulfilling life outside of work, while others get consumed by their work? (6) What are the most important lessons that children should learn early in life to help them lead happy, fulfilling, and productive lives? In short, this book answers these three main questions: (1) What do the most successful people do differently than other people? (2) How can those characteristics and behaviors be learned? (3) How can you apply these lessons to your own life? The author presents this book in a way that is both engaging and immediately practical. Throughout the book, the author exposes myths about success that hold people back from achieving their goals, and then replaces those myths with research-based strategies for success. Her credibility comes not only from how she expertly describes the research and the real-life examples she provides, but also from her inspiring description of her own journey to success. She navigated her way from being a waitress in her family’s luncheonette through community college to a Ph.D. from Yale University and a faculty position with the University of Michigan Ross School of Business. The author has written this book using practical language so that you can read it quickly and apply what you learn to your own life immediately. In addition, this book includes self assessments, end-of-chapter questions to help readers clarify their goals and steps they will take to achieve those goals, and a template for creating a personalized action plan to help you begin applying what you’ve learned about achieving success to your own life. The author has also included references at the end of the book in case you want to read more about the original research that inspired this book. Some people will read this book because they are just starting to think about their careers and the kind of lives they want to lead. Others will want to learn how to advance their careers, either to take their careers to the next level or to get back on track after setbacks. Counselors and mentors will read this book because they want to help others achieve their goals. And parents will want to help their children make choices that will lead to happy, healthy, and productive lives. No matter who you are, if you’re interested in achieving the success in life that you desire and deserve, or are interested in helping others do so, then this book is designed for you.

    Wide ranging, heart-stopping research is distilled into one reliable and eye-opening book.What's Really Happening To Our Planet? charts the dramatic explosion of human population and consumption and its impact on climate change and our planet. Written by leading sustainability expert Tony Juniper, with insights from globally respected scientists, states people and cultural leaders and thinkers. Includes positive ideas and a fresh perspective on how we can begin to reverse the damage we have caused. Expect clear, informative discussion of a wealth of subjects including solar power, food waste, and mass extinction.What's Really Happening To Our Planet? is an unmissable, accessible guide to humanity's role in our changing planet.

    But land?This is the definitive text, the 101 course, the nuts and bolts of an unexploited niche of the real estate market. The Land Flipper is the result of thirty years in the business and lays out in simple English how to start from scratch and build a real estate empire out of the earth beneath your feet.They keep making people but they stopped making land a long time ago. It’s a business where demand goes up and supply goes down every day. Let E.B. Farmer walk you through the basics of getting started in an under-appreciated honey hole of the market where the laws of supply and demand are firmly on your side. Broken down into step-by-step chapters, The Land Flipper contains detailed information about: • How to find, negotiate and buy land with very little money out of pocket – including tips on how to mold land-related real estate contracts to your advantage. • Dividing land in order to multiply your profit. • How to navigate county offices to find and research stellar deals. • Techniques for improving the land in order to make it attractive to buyers, including a review of the tools of the trade. • Specialized financial techniques – like wrapping notes and partial releases – which you can set up to make your land much easier to sell. • Cheap, easy ways to market and sell your land. And a whole lot more. The Land Flipper is a must-read book for anyone interested in approaching real estate from a unique angle that hasn’t yet been saturated.

    This evolution has drawn alarm from American voters, but their suspicions are often vague.In this book, investigative journalist Haley Sweetland Edwards offers a detailed look at one little-known but powerful provision in most modern trade agreements that is designed to protect the financial interests of global corporations against the governments of sovereign states. She makes a devastating case that Investor-State Dispute Settlement -- a "shadow court" that allows corporations to sue a nation outside its own court system -- has tilted the balance of power on the global stage. A corporation can use ISDS to challenge a nation's policies and regulations, if it believes those laws are unfair or diminish its future profits. From the 1960s to 2000, corporations brought fewer than 40 disputes, but in the last fifteen years, they have brought nearly 650 -- 54 against Argentina alone.Edwards conducted extensive research and interviewed dozens of policymakers, activists, and government officials in Argentina, Canada, Bolivia, Ecuador, the European Union, and in the Obama administration. The result is a major story about a significant shift in the global balance of power.

    Instead of asking your dentist for a hot stock tip, you need only turn on the TV to hear what the talking heads recommend or jump on the Internet to find thousands of web pages devoted to showing you how to make a quick buck. Don’t listen to pundits and faceless Internet “experts.” Consider instead the power of income investing. If you want true wealth building and the ability to retire on time, consider becoming a “Snowball” investor. This type of investor focuses not on what the price of the investment is, but the income it produces. A “Snowball” income investor embraces a buy-and-hold state of mind and buys dividend-bearing stocks and bonds. This saver will always maintain an innate mental advantage over the average investor. An income investor realizes that no matter what the markets might do in the future, dividends and interest will continue to build up over time. One of the easiest ways for a company to communicate to its shareholders its financial well-being is to announce "your dividend check is in the mail" or “your bond coupon payment is in the mail”. This book is not written for stock speculators, but for those investors that can embrace the concept of buying and holding income producing securities. This book gives you all the tools necessary to become a successful investor through purchasing dividend stocks, corporate bonds, and also writing covered calls. The book includes profiles of the Top 100 Dividend Stocks that an investor can put their hard earned dollars into. Don’t play the Wall Street game, become a “Snowball” investor and reap the rewards of an income based investment strategy.

     Unabridged Ludwig von Mises truly was an intellectual giant among men. He was perhaps the greatest economist of the twentieth century, and a tireless advocate for political liberalism and laissez-faire. Human Action, his magnum opus, stands among the truly great works of social science. But his work, based on the study of human action, transcends both economics and social theory. Mises's scholarship is more relevant than ever today. His clarity, wisdom, and brilliance are the product of a once-in-a-generation mind. Every intelligent person will benefit from introducing — or reacquainting — themselves with that mind through the curated writings contained in this volume. Mises is required reading for anyone who seeks to understand the critical questions of our time, or any time. Each generation must learn anew from their predecessors the virtues of private property and the consequences of statism. Those ready to dive into deeper Misesian waters are encouraged to pick up The Mises Reader Unabridged contains all of the material in The Mises Reader plus over 125 pages of additional material, primarily from his more scholarly works. If you are interested in things economic, you can do no better than to turn to Ludwig von Mises.

    Friedman showed how free markets and human freedom are inextricable, and how government intervention often hinders human progress despite its best intentions. Topics include: • morality in relation to economics • is America getting better or worse • the real nature of freedom • is greed good? • how much government do we need • what the example of Hong Kong teaches us • myth of the robber barron • what really caused the great depression • Reaganomics and more.

    Find out why GQ said “Little’s cartoonish sensibilities make him the ideal artist to adapt Thompson’s gonzo ur-text… perfectly portraying literature’s most ridiculous road trip.” This comic book version is presented in black-and-white and at a slightly larger size than the full-color hardcover edition. Each issue also includes pages from Little’s sketchbook and other behind-the-scenes information.

    "Then I learned I couldn't have been more wrong."This memoir depicts the author's unexpected plunge into, and triumphant emergence from, deep poverty."A Day at the Fare" is a welfare success story. An example of what can happen when an adequate safety net is available to assist those attempting to help themselves by making the best of its resources.It's also a demonstration of the pros and cons of the welfare system and the kinds of things about it that need to be changed.SHOULD YOU READ THIS BOOK?IF your head is full of preconceived notions about everyone who receives government aid, this book is for you. You'll see that each welfare case is as individual as each welfare applicant.Have you ever wondered, "Why would anyone want to be on welfare? To depend on food stamps?"Honestly. No one says, "When I grow up I'm going to be on welfare." Many times people end up on welfare through no fault of their own. The author recalls that when faced with adversity, "Applying for assistance was my last resort to having nothing at all."IF you've been lucky enough in life to avoid any form of economic struggle, this book is for you. You'll gain an understanding of the complexities of poverty.Are you a policy maker or other individual in position to determine how much assistance poor people should receive and for how long, yet have no experience yourself with the struggles of poverty?IF so, this book is for you. Reading it will provide you insight into the everyday realities of a family struggling to meet basic needs.Are you someone, maybe even a member of the working poor class, who requires government aid just to be able to barely get by, and are finding it hard to envision ever being able to move beyond your struggle with poverty?THEN this book is especially for you. It may leave you somewhat inspired.IMAGINE...You’re living a good life in a grand old house with your family, spending your summer looking out from your veranda onto a picturesque park and enjoying the scent of flowers in the air—until fall arrives and you’re beholding a multi-colored canopy of foliage.But... by winter you’re stealing toilet tissue from a restaurant restroom and wondering what you’re going to do with your first welfare check that won’t even pay the rent for the ghetto apartment you and your children are now calling home.The reality is we’re all only living one or two misfortunes away from losing the people or things we’re depending upon, and if and when that happens, you could easily find yourself enduring A Day at the Fare.What would you be willing to do to survive its grim circumstances?

    She has been at the forefront of New Institutional Economics and Public Choice revolutions, discovering surprising ways in which communities around the world have succeed in solving difficult collective problems. She first rose to prominence by studying the police in metropolitan areas in the United States, and showing that, contrary to the prevailing view at the time, community policing and smaller departments worked better than centralized and large police departments. Together with her husband, Vincent, they have set up the Bloomington Workshop in Political Theory and Policy Analysis, which has grown into a global network of scholars and practitioners. Throughout her career, she was interested in studying ecological problems, and understanding how people manage communal properties. Her most famous discovery is that communities often find ingenious ways of escaping the "tragedy of the commons." Analysing a wide-variety of successes and failures, and working together with many other scholars, she was able to uncover a series of institutional "design principles" a set of criteria which, if followed, societies are more likely to be productive and resilient to shocks. Some of her most important theoretical insights, about polycentricity and institutional evolution, arose from this synthesizing effort. Furthermore, this led her to develop a framework for the study of the relationship between societies and their natural environment which brought institutional insights into the field of environmental studies.

    Written by award-winning professors at M.I.T. and Tufts, this book draws on years of research and teaching to deliver a truly interactive learning experience. Each case study is designed to facilitate class discussion, based on a series of increasingly detailed questions and answers that reinforce conceptual insights with numerical examples. Complete coverage of all areas of corporate finance includes capital structure and financing needs along with project and company valuation, with specific guidance on vital topics such as ratios and pro formas, dividends, debt maturity, asymmetric information, and more.Corporate finance is a complex field composed of a broad variety of sub-disciplines, each involving a specific skill set and nuanced body of knowledge. This text is designed to give you an intuitive understanding of the fundamentals to provide a solid foundation for more advanced study.Identify sources of funding and corporate capital structure Learn how managers increase the firm's value to shareholders Understand the tools and analysis methods used for allocation Explore the five methods of valuation with free cash flow to firm and equity Navigating the intricate operations of corporate finance requires a deep and instinctual understanding of the broad concepts and practical methods used every day. Interactive, discussion-based learning forces you to go beyond memorization and actually apply what you know, simultaneously developing your knowledge, skills, and instincts. Lessons in Corporate Finance provides a unique opportunity to go beyond traditional textbook study and gain skills that are useful in the field.

    Edwards Deming was a moral philosopher, prophet, and sage with profound insights into the management of organizations and the art of leadership and living. He also was a composer of liturgical music, a singer, and a musician.Edward Martin Baker, one of Deming's most valued associates, shares his deep understanding of Deming's System of Profound Knowledge, a set of theories and philosophies that helped reshape the management practices of many large multinational corporations. This included bringing organizations to economic health and individuals to spiritual and psychological health by attaining dignity and joy in work. Baker provides an accurate depiction of the philosophy as a musical score: - first movement: theory of knowledge - second movement: appreciation for a system - third movement: knowledge about variation - fourth movement: knowledge of psychologyBaker shows how the system can be viewed as a map--a mental representation of the territory that managers and others must navigate as they play their various roles. The Symphony of Profound Knowledge and what Deming taught contradicts what's learned in school and in the management of organizations. His teachings encourage the reevaluation of what is seen as fact. It provides a thorough understanding of the Deming philosophy and how to apply those concepts to life.

    Yet many investors ignore them. Fueled by new access to technology and information, frontier markets are emerging even faster than their predecessors, making them an essential component of a globally diversified portfolio.In Frontier Investor, Dimitrijevic shows through colorful case studies, compelling charts, and fascinating travel anecdotes that it is not only possible but prudent to invest in these unfamiliar and undervalued options. Dimitrijevic explains how frontier markets such as Nigeria, Panama, and Bangladesh are poised to follow the similar paths of Chinese, Indian, and Russian markets, which were considered exotic two decades ago. He details a strategy for how and where to invest, directly or indirectly, to profit from frontier growth. Dimitrijevic covers the risks, political and otherwise, of these markets, the megatrends that promise exciting investment opportunities in the coming years, and the prospects for countries beyond the frontier, including Myanmar, Cuba, and even Iran. Rich with experience and insight, Frontier Investor opens up a whole new world--and worldview--to investors.

    It seems like a good idea to get that instead..Introduces the popular, powerful and free programming language and software package R Focus: implementation of standard tools and methods used in econometricsCompatible with "Introductory Econometrics" by Jeffrey M. Wooldridge in terms of topics, organization, terminology and notation Companion website with full text, all code for download and other goodiesPraise:"A very nice resource for those wanting to use R in their introductory econometrics courses." (Jeffrey M. Wooldridge)Using R for Introductory Econometrics is a fabulous modern resource. I know I'm going to be using it with my students, and I recommend it to anyone who wants to learn about econometrics and R at the same time." (David E. Giles in his blog "Econometrics Beat")Topics: A gentle introduction to RSimple and multiple regression in matrix form and using black box routines Inference in small samples and asymptotics Monte Carlo simulations Heteroscedasticity Time series regression Pooled cross-sections and panel data Instrumental variables and two-stage least squares Simultaneous equation models Limited dependent variables: binary, count data, censoring, truncation, and sample selection Formatted reports and research papers combining R with R Markdown or LaTeX

    First National Bank of Montgomery vs. Daly was an epic courtroom drama and although unsurprisingly, not widely reported either at the time or subsequently, is actually extremely significant.Jerome Daly a lawyer by profession, defended himself against the bank’s attempted foreclosure on his $14,000 mortgage on the grounds that there was no ‘consideration’ for the loan. ‘Consideration’ in legalese, refers to ‘the item exchanged’ and is an essential element of any legal contract. Daly contended that the bank offered ‘no consideration’ for his loan on the grounds that they had ‘created the money out of thin air’ by bookkeeping entry and had therefore not suffered a loss (another relevant point of law) by his refusal or inability to pay back the money.The proceedings were recorded by Justice William Drexler, who had given no credence whatsoever to the defence, until Mr. Morgan, the bank’s president, took to the witness stand. To Drexler’s and indeed everyone else present’s great surprise, Morgan casually admitted under questioning from Daly’s lawyer, that the bank routinely ‘created money out of thin air’ for all its loans and mortgages and that this indeed was standard practice in all banks. Presiding Justice, Martin Mahoney declared that, “It sounds exactly like fraud to me,” accompanied by nods and murmurs of assent from all around the courtroom.In his summation of the case, Justice Mahoney reported that… “Plaintiff (the bank) admitted that it, in combination with the Federal Reserve Bank of Minneapolis, did create the entire $14,000.00 in money and credit upon its own books by bookkeeping entry. That this was the consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Morgan admitted that no United States Law or Statute existed which gave him the right to do this. A lawful ‘consideration’ must exist and be tendered to support the Note.”So, the court duly rejected the bank’s claim for foreclosure and the defendant kept his house. The implications of this case therefore, should have been far-reaching. If bankers are indeed extending credit without consideration (which they most definitely are) i.e. without backing their loans with real money they actually have stored in their vaults and were entitled to lend, any judicial decision declaring their loans void, would topple the entire worldwide financial and banking system.Since this precedent, many other defendants have attempted to have mortgages and loans nullified using the same defence as Daly, but there has been extremely limited success only. In fact, one judge said, strictly ‘off the record,’ “If I let you do that, you and everyone else, it would bring the whole banking system down. I cannot let you go behind the bar of the bank... We are not going behind that curtain!”Well suffice to say, we certainly are going on a highly revealing trip ‘ behind the curtain!,’ so strap-in and be prepared for the ride of your life, as we investigate the sordid and murky history of the world of banking and high finance and the people who run it… with an iron fist encased in a velvet glove.This book is an indictment, not just of the totally corrupt financial system that today permeates the whole world, but also of the people that control it.

    Anthony M. Criniti IV’s remarkable follow-up to his acclaimed book, The Necessity of Finance. Exploring in greater depth how the sciences of economics and finance are necessary for their respective entities to survive, this book integrates some of the hardest concepts of several very important fields of scientific inquiry.Deriving serious conclusions on the future of humanity, this provocative work is divided into five parts that discuss the science of survival, survivalism’s connection to economics and finance, the relationship of biology and various reformed natural selection processes to wealth, and the role of humans as the ultimate universal manager.Dr. Criniti provides a comprehensive overview of survival; clarifies the proper order of prosperity; shows that being wealthier increases your probability of continuously surviving and prospering by providing you the greatest options to obtaining survival essentials; indicates that wealthier entities have the option to help other economic or financial entities (including nonhuman ones) survive and prosper, particularly through the concepts of the survival and the prosperity by a third party; demonstrates the inevitable relationship between biology, economics, finance, and survivalism; demonstrates that both individuals and populations of species evolve; summarizes, reforms, and adds to existing evolutionary selection processes; confirms that the management of money, and the technology that it can buy, is an advanced, necessary stage in the process of evolution—that is, the evolution of evolution; demonstrates that the survival of the richest is a more accurate concept than the survival of the fittest; and shows that all humanity should have the united goal of maximizing our wealth for our survival on this planet and beyond. This seminal work delivers a powerful analysis of the current human predicament as well as a call to people around the world, urging them to begin making better decisions. In the vein of Charles Darwin’s The Origin of Species and Jared Diamond’s Guns, Germs, and Steel, this book is designed for the well-educated—though it is equally valuable for the layperson interested in helping to protect the planet.

    How do these actors assess uncertainty? Jens Beckert adds a new chapter to the theory of capitalism by showing how fictional expectations drive modern economies—or throw them into crisis when imagined futures fail to materialize.

    Each of these companies has exceptional practices when it comes to stakeholder management. Whether the stakeholder is an employee, customer, investor, vendor or even society at large, these companies reveal how looking at everyone else’s interests doesn’t really mean compromising on your own. Often, the two complement each other and that is what makes a win-win solution for everyone. This book gives an inside look into what motivates exceptional companies and how they are a cut above the rest. Full of fascinating anecdotes, leadership philosophy and background stories of organizations, Win-Win Corporations is an inspiring read into what makes companies great.

    Effective policymaking, Basu learned, integrates technical knowledge with political awareness. In this book, he describes the art of economic policymaking, viewed through the lens of his two and a half years as CEA.

    Boss of Bethnal Green Joseph Merceron the Godfather of Rege

    Like Mises, Hazlitt was a perceptive critic of interventionism, which is the theme of his “The Lesson” and “The Lesson Restated” (both excerpted from his classic Economics in One Lesson). Hazlitt’s “Lesson” (which is a modern update of “Seen and Not Seen,” included in The Essential Frédéric Bastiat) is that the art of economics lies in looking beyond the direct, narrow, and intended consequences of intervention. The vision of a true economist encompasses the long-term, indirect, and widespread repercussions of a policy as they ripple throughout society.In “The Problem of Poverty," Hazlitt eloquently tells of how economic freedom allowed the West to grow amazingly rich after untold millennia of almost universal grinding poverty.And in “The Early History of FEE,” Hazlitt lovingly tells the origin story of the Foundation for Economic Education, of which he was a founding board member.These are just some of the highlights of these wonderful collections. Download the FEE Essential series today to be inspired by five of the greatest communicators of the freedom philosophy.

    culture—from novels and poems to photojournalism and horror movies—has responded to the collapse of the financialized consumer credit economy in 2008. Connecting debt theory to questions of cultural form, this book argues that artists, filmmakers, and writers have re-imagined what it means to owe and to own in a period when debt is what makes our economic lives possible. Encompassing both popular entertainment and avant-garde art, the post-crisis productions examined here help to map the landscape of contemporary debt: from foreclosure to credit scoring, student debt to securitized risk, microeconomic theory to anti-eviction activism. A searing critique of the ideology of debt, Dead Pledges dismantles the discourse of moral obligation so often invoked to make us repay. Debt is no longer a source of economic credibility, it contends, but is a system of dispossession that threatens the basic fabric of social life.

    Struggling all his life to find success, and then finding it, he still wasn't happy. Why was life such a struggle anyway? Why were there so many problems in the world, but no real answers? One day Karl decides to make a small change in his life – sparking a chain reaction that would bring him down a rabbit-hole and alter his world view forever. Suddenly he understood exactly what was wrong with the world, and could see his fellow humanity – like a species addicted – sleepwalking into destruction. So he had an idea. Armed with just a computer and some basic web skills, Karl creates an online alternative movement which, to his surprise, strikes a chord with millions of others who are beginning to think just like him – that mankind’s most precious belief was dragging him down. In an ever hostile, decaying world, Karl Drayton becomes the heretic, calling time on the world's biggest religion: Money. Working against invisible forces trying to stop him, a US President with a hidden agenda, and an unlikely farmer turned statesman, Karl’s radical alternative to the global financial quagmire takes him on a journey across the world and finally to the one place on Earth where his new philosophy might have a chance – Iceland. F-Day: The Second Dawn Of Man boldly questions our social norms and paints a compelling alternative reality that is hard to leave...

    With the rise of the 401(k) and demise of the pension, the United States has embarked upon the richest and riskiest experiment in our financial history. Over the next twenty years, nearly eighty million baby boomers willretire at a pace of ten thousand per day. The hypothesis of our experiment is that millions of ordinary, untrained, busy citizens can successfully manage trillions of dollars in a financial system dominated by wealthy, skilled, and powerful financial institutions, many of which have a record oftreating individual investors shabbily.The key tools in our 401(k) plans and individual retirement accounts are mutual funds, which have ballooned to hold more than $16 trillion. But these funds pose dangers to our savings in three ways: through structural vulnerabilities that give money managers the incentive to focus on marketing overinvesting; through the very human challenges of managing our savings decades into the future; and through the peril of financial professionals behaving badly, to our economic harm.Though Americans often hear of the importance of low fees in fund investing, few are aware of the astonishing panoply of ways that some financial advisers have illegally diverted money out of mutual funds: from abetting hedge funds to trade after the legal deadline, to inflating the assets on whichthey are paid a percentage, to paying kickbacks for brokers to sell their funds. This book will forewarn and forearm Americans by illustrating the structural flaws, perverse incentives, and litany of scandals that have bedeviled mutual funds.And by setting forth a pair of policy solutions to improve Americans' financial literacy and bargaining power, it will also attempt to safeguard our individual financial destinies and our nation's fiscal strength.

    It explores how the National Football League (NFL) operates and continues to define success. Crunching Numbers goes into great detail to explain key concepts from the Collective Bargaining Agreement (CBA) such as signing bonuses, dead money, free agency, salary guarantees, franchise tags, forfeitures, grievances, and many more. By using practical case player examples to illustrate the concepts within the CBA, readers will learn how to calculate a player’s salary cap number and the ways in which teams manipulate those numbers to work within the NFL rules. In addition, the book will explore ways to benchmark contracts and the roles contract negotiators play in today’s NFL. Whether you are a student with aspirations of working in an NFL front office, a sports agent, a sports writer or just an avid fan, Crunching Numbers will help you better understand the intricacies of the NFL’s player’s contracts, the salary cap, and salary cap management. For more information, please check out book website CrunchingNumbersBook.com

    Richard (Buz) Cooper argues that US poverty and high health care spending are inextricably entwined. Our nation's health care system bears a financial burden that is greater than in any other developed country in large part because impoverished patients use more health care, driving up costs across the board.Drawing on decades of research, Dr. Cooper illuminates the geographic patterns of poverty, wealth, and health care utilization that exist across neighborhoods, regions, and states--and among countries. He chronicles the historical threads that have led to such differences, examines the approaches that have been taken to combat poverty throughout US history, and analyzes the impact that structural changes now envisioned for clinical practice are likely to have. His research reveals that ignoring the impact of low income on health care utilization while blaming rising costs on waste, inefficiency, and unnecessary care has led policy makers to reshape clinical practice in ways that impede providers who care for the poor.The first book to address the fundamental nexus that binds poverty and income inequality to soaring health care utilization and spending, Poverty and the Myths of Health Care Reform is a must-read for medical professionals, public health scholars, politicians, and anyone concerned with the heavy burden of inequality on the health of Americans.

    The first, Benthamite, strain, “economic analysis of law,” examines the legal system in the light of economic theory and shows how economics might render law more effective. The second strain, law and economics, gives equal status to law, and explores how the more realistic, less theoretical discipline of law can lead to improvements in economic theory. It is the latter approach that Judge Calabresi advocates, in a series of eloquent, thoughtful essays that will appeal to students and scholars alike.

    The book's distinct political economy approach has two virtues. By developing general principles for thinking about policymaking, it can be applied across a range of issue areas. It also unifies the policy curriculum, offering coherence to standard methods for teaching economics and statistics, and drawing connections between fields.The book begins by exploring the normative foundations of policymaking--political theory, social choice theory, and the Paretian and utilitarian underpinnings of policy analysis. It then introduces game theoretic models of social dilemmas--externalities, coordination problems, and commitment problems--that create opportunities for policy to improve social welfare. Finally, it shows how the political process creates technological and incentive constraints on government that shape policy outcomes. Throughout, concepts and models are illustrated and reinforced with discussions of empirical evidence and case studies.This textbook is essential for all students of public policy and for anyone interested in the most current methods influencing policymaking today.Comprehensive approach to politics and policy suitable for advanced undergraduates and graduate studentsModels unify policy curriculum through methodological coherenceExercises at the end of every chapterSelf-contained appendices cover necessary game theoryExtensive discussion of cases and applications

    This book is the story of what went wrong, and how to correct the course. It is a compelling history of the last four decades of U.S. economic and trade policies that have left Americans unable to adapt to or compete in the current global marketplace. Failure to Adjust argues that, despite the deep partisan divisions over how best to respond to America's competitive challenges, there is achievable common ground on such issues as fostering innovation, overhauling tax rules to encourage investment in the United States, boosting graduation rates, investing in infrastructure, and streamlining regulations. The federal government needs to become more like U.S. state governments in embracing economic competitiveness as a central function of government.The book presents an especially timely analysis of the trade policies of the Obama administration, and discusses how America can reassert itself as the leader in setting rules for international economic competition that would spread the benefits of global trade and investment more broadly.

    to the brink of ruin. He shows that the Fed’s destructive ZIRP and QE policies have buried Flyover America in debt while clobbering it with shrinking real wages and vanishing job opportunities. At the same time, the bicoastal elites have prospered mightily from the massive inflation of financial assets in the Wall Street casino and the debt-fueled expansion of Imperial Washington’s domestic rackets and global interventions. Stockman argues that Donald Trump’s improbable candidacy happened because Flyover America has had enough of a rigged system that benefits the few but has failed to delivery economic recovery and real prosperity at home and a safer and more stable world abroad. Stockman’s book is no testimonial on behalf of Trump’s candidacy, and contends that much of what he advocates is wrong-headed or downright reprehensible. But it does salute him as the rallying force for Main Street political insurrection because the existing regime of Bubble Finance on Wall Street and statist aggrandizement in Washington threatens incalculable harm. Stockman also argues that there remains a way forward. He suggests the “political outlaw” who considers himself to be the world’s greatest dealmaker would need to “make ten great deals” to bring American back from the brink. These include a Peace Deal, a Jobs Deal, a Sound Money Deal, a Super Glass-Steagall Deal, A Liberty Deal and five more. In this trenchant, wide-ranging and unvarnished account, Stockman draws on his unique 40-year career in Washington and Wall Street. After a career as a Capitol Hill staffer, two-term member of Congress and ultimately as President Ronald Reagan’s budget director, Stockman then went to Wall Street. For two decades as an investment banker and private equity investor he had a front row seat as the nation’s financial markets mutated into today’s Bubble Finance casinos.

    This book argues that the NHS should not be insulated from reasoned debate. In terms of health outcomes, it is one of the worst systems in the developed world, well behind those of other high-income countries. The NHS does achieve universal access to healthcare, but so do the health systems in every other developed country (with the exception of the US). Britain is far from being the only country where access to healthcare does not depend on an individual’s ability to pay. Author Kristian Niemietz draws on a wealth of international evidence to develop a vision for a universal healthcare system based on consumer sovereignty, freedom of choice, competition and pluralism. His roadmap for reform charts a path from the status quo to a more desirable and effective alternative.

    It is based on the principles of Modern Monetary Theory (MMT) and includes the following detailed chapters: Chapter 1: Introduction Chapter 2: How to Think and Do Macroeconomics Chapter 3: A Brief Overview of the Economic History and the Rise of Capitalism Chapter 4: The System of National Income and Product Accounts Chapter 5: Sectoral Accounting and the Flow of Funds Chapter 6: Introduction to Sovereign Currency: The Government and its Money Chapter 7: The Real Expenditure Model Chapter 8: Introduction to Aggregate Supply Chapter 9: Labour Market Concepts and Measurement Chapter 10: Money and Banking Chapter 11: Unemployment and Inflation Chapter 12: Full Employment Policy Chapter 13: Introduction to Monetary and Fiscal Policy Operations Chapter 14: Fiscal Policy in Sovereign nations Chapter 15: Monetary Policy in Sovereign Nations It is intended as an introductory course in macroeconomics and the narrative is accessible to students of all backgrounds. All mathematical and advanced material appears in separate Appendices.

    Do you want to truly understand the crypto-currency and its underlying blockchain technology, so you can reach your own conclusions and make informed decisions?The Bitcoin Tutorial is a unique approach to fully understanding Bitcoin. It starts by explaining contemporary cryptography and confidently works through the blockchain and the currency. Each concept is explained from first principles, building upon the preceding material. Intuition is developed step-by-step, fostering real understanding.Some elements of Bitcoin are counter-intuitive, for example, the bitcoin blockchain is completely public AND the bitcoin currency is fantastically secure. That may strike you as contradictory because, based on conventional thinking, "public" connotes unprotected and "secure" implies secret.The Bitcoin Tutorial pulls back the curtain and de-mystifies key elements including cryptography, transactions, blocks, the blockchain, the peer-to-peer network, full nodes, mining nodes, wallets, and of course, the bitcoin currency. Counter-intuitive elements are explained and contradictions are resolved.The Bitcoin Tutorial is written for a broad spectrum of readers, from the intellectually curious to the technically savvy: New users deciding if and how to get started Existing users wanting more knowledge and confidence Developers eager to understand the technology behind the APIs Investors performing due diligence on blockchain companies Chapters are structured in sections of increasing detail to match your level of interest:"The view from 30,000 feet" sections provide a non-technical summary of the topic at hand making use of physical-world analogies. The material is simple and accurate, without being dumbed down."The view from the ground" sections present the core of the topic step-by-step, building complete understanding. There are lots examples--many using actual transactions and blocks in the bitcoin blockchain--explained in their entirety without hand-waving or shortcuts."The view for the truly curious" sections take a deep-dive into select topics. The material is intended for those of you keen on "sticking your head under the hood" for a closer look at the underlying machinery.Blockchain technology has tremendous potential in applications outside crypto-currency: there is broad interest in financial, legal, government, and other circles. The Bitcoin Tutorial focuses on the bitcoin blockchain, as it is both widely recognized and wonderfully accessible to everyone.[from the author] While researching Bitcoin for my own work, I realized that most of the literature tells the story awkwardly: starting with bitcoin the currency and slowly working back to the underlying blockchain technology. Mystifying concepts are presented and readers are left hoping they'll "get it" later. The innovative blockchain technology is oversimplified. Essential fundamentals such as cryptography are glossed over. None of that helps readers develop an intuitive understanding of Bitcoin.As explained above, The Bitcoin Tutorial takes a different approach. You'll learn and understand more about bitcoin and blockchain technology. My ultimate objective for writing this book? Equip you with the intuitive understanding needed for informed, confident use and exploration of the bitcoin currency and blockchain technology!

    In his classic study The Protestant Ethic and the Spirit of Capitalism, Max Weber showed the connections between Protestantism and the new economics. Weber, however, focused on the Calvinists and Puritans and speculated that economic success became a way of proving one’s election. He thus posited, with little evidence, a spiritual self-interest that was parallel to economic self-interest, distorting both Protestantism and capitalism.Weber neglected the specifically Lutheran doctrine of vocation, which emphasizes the spiritual and moral value of economic activity. According to Luther, God himself is hidden in vocation, as he providentially works through ordinary human beings to care for his creation. In their work—not only in the economy, but also in family, church, and community—Christians live out their faith in love and service to their neighbors.For Lutherans, the doctrine of vocation is nothing less than the theology of the Christian life. In its social impact, vocation gave a theological basis for the division of labor, social equality, and individual freedom. In this elucidating work, Gene Edward Veith connects vocation to justification, good works, and Christian freedom—defining how the Lutheran contribution to economics can transfigure ordinary life, and work, with the powerful presence of God.

    In doing so it also reveals universities' equally invisible practices that frequently contradict their espoused values of inclusion and equity, and their profession that those on the margins are important members of the campus community.This vivid ethnography is the fruit of the year's fieldwork that Peter Magolda's undertook at two universities. His purpose was to shine a light on a subculture that neither decision-makers nor campus community members know very much about, let alone understand the motivations and aspirations of those who perform this work; and to pose fundamental questions about the moral implications of the corporatization of higher education and its impact on its lowest paid and most vulnerable employees.Working alongside and learning about the lives of over thirty janitorial staff, Peter Magolda becomes privy to acts of courage, resilience, and inspiration, as well as witness to their work ethic, and to instances of intolerance, inequity, and injustices. We learn the stories of remarkable people, and about their daily concerns, their fears and contributions.Peter Magolda raises such questions as: Does the academy still believe wisdom is exclusive to particular professions or classes of people? Are universities really inclusive? Is addressing service workers' concerns part of the mission of higher education? If universities profess to value education, why make it difficult for those on the margins, such as custodians, to "get educated."The book concludes with the research participants' and the author's reflections about ways that colleges can improve the lives of those whose underpaid and unremarked labor is so essential to the smooth running of their campuses.Appendices provide information about the research methodology and methods, as well as a discussion of the influence of corporate managerialism on ethnographic research.

    Entrepreneurs can use them for cost accounting, and to determine if their investments resulted in profit or loss. The great economist Ludwig von Mises (1881-1973) identified such “economic calculation” as the key characteristic of the market economy. “Profit and Loss” (which is the name of an included essay) give the entrepreneur a simple metric that communicates how much his or her rearrangement of production has either boosted or impaired consumer welfare.As Mises brilliantly demonstrates in “Planned Chaos” (also included), there can be no economic calculation under socialism. This is because there would be nothing to calculate in the absence of money prices, which presuppose market exchange and private property. Without profit and loss, socialist planners are economically adrift at sea without a compass.Also featured is “Liberty and Property,” a speech in which Mises presented the most important features of free market capitalism. In order to earn profits and avoid losses, entrepreneurs must strive to arrange production so as to please consumers. Thus in the market economy, consumer wishes are the guiding stars of production. Mises called this “consumer sovereignty.”Moreover, the serious money is to be made by serving mass markets. Therefore it is the average, not the elite, consumers who most sway and are served by the market. Capitalism, as Mises argues, means "mass production for the masses” and widespread, ever-rising prosperity for humankind.Socialism is no substitute for capitalism. And neither is the “middle road” of “interventionism.” Every market intervention by the government harms the general public by countermanding the orders delivered by the sovereign consumers. If the government tries to address the ill effects of intervention with further intervention, the maladies will mount and elicit ever more intervention until every corner of the economy is subjected to government control. Thus, “Middle-of-the-Road Policy Leads to Socialism,” as Mises titled another included essay.

    Using a variety of demographic, economic, financial, social, and political indicators, the book demonstrates that the global system has indeed become an 'architecture of collapse' subject to a variety of shocks. An analysis of the global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrates how the complexity and tight coupling of system components creates a situation of precarious stability and periodic disruption. This state of affairs can only be improved by enhancing the shock-absorbing components of the system, especially the capacity of states and governments to act, and by containing the shock-diffusing mechanisms. In particular, those related to phenomena such as trade imbalances, portfolio investment, cross-border banking, population ageing, and income and wealth inequality.

    He also examines how the historical and political foundations of the nation still affect everyday life for coffee farmers and all Haitians, often hamstringing their efforts to get ahead, and documents why the tens of millions of dollars in recent aid spending hasn't been able to stem the decline of the coffee sector. He notes, however, that the evolution of the high-end coffee market might just provide opportunities for Haitian coffee farmers to help themselves, despite the underlying difficulties they face.In Haitian Coffee Grows on Trees, Watkins outlines how, despite the fact that Haiti isn't set up in a way that would help everyday people flourish, small changes still have the potential to add up to real improvements in the lives of ordinary Haitians.

    Nearness to work, friends and culture has always been a driving force in urban development, from the first cities in which people walked everywhere to today s car-powered cities with their scattered suburbs, highways and narrow pavements. Many scholars, politicians and civic groups are beginning to question the way cities are adapted to car traffic as it causes distance rather than proximity. As a result, a radical urban transformation has begun. What will the cities of the future look like? How will we live our lives and how will new technologies self-driving cars for example and new city planning ideals affect urban development? What would happen in the event of a major fuel shortage or climate change? Closer Together presents a unique future study and trend analysis developed by 400 experts and scholars. Three potential scenarios selected by 5,000 people through their vote in the media are presented via text and images. The result of their vote is as clear as the emerging trend: cities will have to change. They will need to be more condensed and user-friendly for pedestrians and people who travel by bike. Alexander Stahle s book Closer Together explains the political and economic forces and the subcultures that drive change in terms of urban environment and transport, as well as the way cities need to transform in order to bring people closer together and, not least, the way it will bring about greater equality and prosperity."

    You can take it home, scribble in the margins, put in on the shelf, lend it to a friend, sell it at a garage sale. But is the same thing true for the ebooks or other digital goods you buy? Retailers and copyright holders argue that you don't own those purchases, you merely license them. That means your ebook vendor can delete the book from your device without warning or explanation -- as Amazon deleted Orwell's 1984 from the Kindles of surprised readers several years ago. These readers thought they owned their copies of 1984. Until, it turned out, they didn't. In The End of Ownership, Aaron Perzanowski and Jason Schultz explore how notions of ownership have shifted in the digital marketplace, and make an argument for the benefits of personal property.Of course, ebooks, cloud storage, streaming, and other digital goods offer users convenience and flexibility. But, Perzanowski and Schultz warn, consumers should be aware of the tradeoffs involving user constraints, permanence, and privacy. The rights of private property are clear, but few people manage to read their end user agreements. Perzanowski and Schultz argue that introducing aspects of private property and ownership into the digital marketplace would offer both legal and economic benefits. But, most important, it would affirm our sense of self-direction and autonomy. If we own our purchases, we are free to make whatever lawful use of them we please. Technology need not constrain our freedom; it can also empower us.

    These names recall an era in which an unprecedented rush of discovery and disruption broke through long-standing barriers and broke down equally long-standing powers. This rush entangled the whole world politically, economically and intellectually, and reshaped society. Now, the same forces that converged 500 years ago to spark genius and upend social order -great leaps in science, trade, migration, technology, education and health - are once again present, only stronger and more widespread.In Age of Discovery, Ian Goldin and Chris Kutarna show how we can draw courage and wisdom from the last Renaissance in order to fashion our own golden age out of this New Renaissance. Whether we’re seized by Gutenberg or Zuckerberg; the discovery of the Americas or the rise of China; copperplate or silicon etching; the Bonfire of the Vanities or the rise of ISIS; the spread of syphilis or the Ebola pandemic - a Renaissance moment, then and now, forces humanity to give its best just when the stakes are highest.Age of Discovery navigates the crises of our time and helps us all define a legacy that the world will still celebrate half a millennium from now.

    Capitalisms Crisis Deepens

     In this book, economist Richard Ebeling introduces you to the central ideas in Austrian Economics, as well as their importance for us today. Over the last 100 years, governments have attempted to replace people’s own free actions for mutual betterment with systems of government regulation, planning, redistribution and control. These have gone under the names of socialism, communism, fascism, National Socialism (Nazism) interventionism, welfare statism, “progressivism,” the “third-way,” social democracy, Keynesianism and many others. Their common premise is that those in political authority and power can micro- and macro-manage the social and economic affairs of human society in ways better and more socially just than the free market.  Austrian Economics shows why and how it is that all these attempts at government social engineering have failed and often with disastrous consequences. So what is Austrian Economics? And what makes it so important to understanding the economic policy issues we face today? Read this book and find out.

    It draws from a number of English legal cases and statutes to illustrate Coase's belief that legal rules are only justified by reference to a cost-benefit analysis, and that nuisances that are often regarded as being the fault of one party are more symmetric conflicts between the interests of the two parties.

    

    America today confronts a host of urgent problems, many of them seemingly intractable, but some we are entirely capable of solving. In Five Easy Theses, James M. Stone presents specific, common-sense solutions to a handful of our most pressing challenges, showing how simple it would be to shore up Social Security, rein in an out-of-control financial sector, reduce inequality, and make healthcare and education better and more affordable. The means are right in front of us, Stone explains, in various policy options that — if implemented — could preserve or enhance government revenue while also channeling the national economy toward the greater good.  Accessible and thought provoking, Five Easy Theses reveals that a more democratic, prosperous America is well within our reach.

    Gram quickly folds up a pirate hat and places it on Kat's head and they begin their mission to help clean up the city park. Volunteering turns into a treasure hunt as Kat finds pennies, nickels, dimes, quarters and even a dollar. With each discovery Kat gets a new hat and Gram Hatter teaches Kat how to count her coins as they pick up litter at the park. When Kat adds up her money, there's enough for ice cream. Or should she donate the money to support the park instead?

    In an age of inadequate defence funding, minimal forensic evidence, a rigid moral code making little allowance for human passion and a reactionary judiciary, his only real weapons were his understanding of human psychology and the power of his personality. His charismatic oratory and film star profile made him an Edwardian celebrity. Jurors collapsed and judges wept at the overwhelming power of his performances. Thousands congregated to await the verdicts in the trials in which he appeared for the defence. Curtains were brought down in West End theatres to announce the acquittals he secured. His famous trials included the Camden Town murder, Seddon the Poisoner, the Brides in the Bath, the Green Bicycle Murder and the Murder at the Savoy. As a result of his oratory in these he was adulated as an entertainer, his performances greeted with the same relish as those by the great actors; but he was also loved as a champion of the underdog, who almost single-handedly introduced compassion in to the Edwardian legal system. No other barrister in any age can claim such celebrity, nor such public adoration and affection. Meticulously researched, Marshall Hall: A Law unto Himself is the first modern biography of a complex and influential man and, as a result of access to new material: - Sets the legendary barrister in his social, historical and political context. - Reveals the sensational private life of the man behind the public figure, the two turbulent marriages, and the mistresses. - Tells the full story of his first wife's death. - Examines his magnetic oratory and extraordinary fame from a modern perspective.

    Many problems that are central to modern computer science, ranging from resource allocation in large networks to online advertising, involve interactions between multiple self-interested parties. Economics and game theory offer a host of useful models and definitions to reason about such problems. The flow of ideas also travels in the other direction, and concepts from computer science are increasingly important in economics. This book grew out of the author's Stanford University course on algorithmic game theory, and aims to give students and other newcomers a quick and accessible introduction to many of the most important concepts in the field. The book also includes case studies on online advertising, wireless spectrum auctions, kidney exchange, and network management.

    Quite simply, the success of this plan determines whether you’re going to live comfortably after you stop working.The Financial Times Guide to Saving and Investing for Retirement will lead you through a bewildering maze of financial tools and provide advice on crucial investment decisions.It provides everything you need to know about how to save and invest so that you can successfully plan for your retirement. It is packed with invaluable information on taxes, ISAs, pensions, investing across different assets and buying property.The Financial Times Guide to Saving and Investing for Retirement will help you:Identify your financial objectives and work out how to achieve themLearn how to save and invest for a specific goal and timeFind out about taxes and other rules that may impact your wealthUnderstand why it’s essential to be actively involved in managing your post-work income

    But what kind of innovation? 'Sustaining innovation' props up and temporarily fixes structures and processes that are failing-but does little for the longer term. 'Disruptive innovation' shakes things up in a way that can be welcome in the commercial sector, but is seldom wanted elsewhere. Typically, disruptive initiatives offer only short term impact or are eventually 'mainstreamed' to help sustain existing systems. That is particularly true in the public, social, cultural and civic sectors where no natural patterns of renewal are in place. Only 'transformative innovation' can deliver a fundamental shift towards new patterns of viability in tune with our aspirations for the future. This pocketbook offers a first stand-alone practical guide to how to realize transformative potential at scale. It offers six elements for policymakers, funders and innovators: Knowing: how to expand our sense of what constitutes valid knowledge to become more comfortable with complexity; Imagining: how to conceive, develop and design transformative initiatives to carry a group's longer term aspirations; Being: how to organize for action, manage the process, and sustain the people involved over time; Doing: how to introduce the new in the presence of the old, enroll others and figure out what to do when you don't know what to do; Enabling: how to construct a policy framework for long term transition and provide smart financing to match; Supporting: how to develop systems and structures to support a culture of renewal in our public, social and civic systems. It concludes with an invitation to join a growing community of transformative innovators around the world - a network of hope in powerful times. [Subject: Business, Economics, Public Policy, Innovative Policy, Administration]Ã?Â?

    In its aftermath, the financial crisis pushed to the forefront fundamental moral and institutional questions about how we govern the modern economy. What are the values that economic policy ought to prioritize? What institutions do we trust to govern complex economic dynamics? Much of popular and academic debate revolves around two competing approaches to these fundamental questions: laissez-faire defenses of self-correcting and welfare-enhancing markets on the one hand, and managerialist turns to the role of insulated, expert regulation in mitigating risks and promoting growth on the other. In Democracy Against Domination, K. Sabeel Rahman offers an alternative vision for how we should govern the modern economy in a democratic society.Drawing on a rich tradition of economic reform rooted in the thought and reform politics of early twentieth century progressives like John Dewey and Louis Brandeis, Rahman argues that the fundamental moral challenge of economic governance today is two-fold: first, to counteract the threats of economic domination whether in the form of corporate power or inequitable markets; and second, to do so by expanding the capacity of citizens themselves to exercise real political power in economic policymaking. This normative framework in turn suggests a very different way of understanding and addressing major economic governance issues of the post-crisis era, from the challenge of too-big-to-fail financial firms, to the dangers of regulatory capture and regulatory reform.Synthesizing a range of insights from history to political theory to public policy, Democracy Against Domination offers an exciting reinterpretation of progressive economic thought; a fresh normative approach to democratic theory; and an urgent hope for realizing a more equitable and democratically accountable economy through practical reforms in our policies and regulatory institutions.

    It traces the effects of regulations on an economy by working through the ripple effects of changes. In so doing, the book provides a fundamental understanding for the economy as an organism rather than a machine, and enlightens the reader by offering a model for understanding the economy and market. Regulations, which are restrictions placed on the working of the economy, have consequences, both intended and unintended, direct and indirect. While the direct effects are well understood, the indirect effects are often overlooked because they don't fit with the machine understanding of an economy. More to the point, this book emphasizes the real effects of regulation and market change on individual actors, thereby stressing how the economy works to provide an individual with the options that exist in choice situations. We draft a new definition of prosperity and well-being which focuses on the individual's access to valuable alternatives. From this point of view, the real implications of regulation are traced step by step, following the logic of exchange and the effects on individual actors rather than the economy as a whole.

    I am confident you will come away with a clearer sense of what the world has learned about fighting some of our biggest health challenges—and how we can use that knowledge to save even more lives.”Over the past fifteen years, people in low- and middle-income countries have experienced a health revolution—one that has created new opportunities and brought new challenges. It is a revolution that keeps mothers and babies alive, helps children grow, and enables adults to thrive.Millions Saved: New Cases of Proven Success in Global Health chronicles the global health revolution from the ground up, showcasing twenty-two local, national, and regional health programs that have been part of this global change. The book profiles eighteen remarkable cases in which large-scale efforts to improve health in low- and middle-income countries succeeded, and four examples of promising interventions that fell short of their health targets when scaled-up in real world conditions. Each case demonstrates how much effort—and sometimes luck—is required to fight illness and sustain good health.The cases are grouped into four main categories, reflecting the diversity of strategies to improve population health in low-and middle-income countries: rolling out medicines and technologies; expanding access to health services; targeting cash transfers to improve health; and promoting population-wide behavior change to decrease risk. The programs covered also come from various regions around the world: seven from sub-Saharan Africa, six from Latin America and the Caribbean, five from East and Southeast Asia, and four from South Asia.The cases are grouped into four main categories, reflecting the diversity of strategies to improve population health in low-and middle-income countries: rolling out medicines and technologies; expanding access to health services; targeting cash transfers to improve health; and promoting population-wide behavior change to decrease risk. The programs covered also come from various regions around the world: seven from sub-Saharan Africa, six from Latin America and the Caribbean, five from East and Southeast Asia, and four from South Asia.