In clear, no-nonsense terms, Woods explains what led up to this economic crisis, who's really to blame, and why government bailouts won't work. Woods will reveal:* Which brave few economists predicted the economic fallout--and why nobody listened* What really caused the collapse* Why the Fed--not taxpayers--should have to answer for the current economic crisis* Why bailouts are band-aids that will only provide temporary relief and ultimately make things worse* What we should do instead, to put our economy on a healthy path to recoveryWith a foreword from Ron Paul, Meltdown is the free-market answer to the Fed-created economic crisis. As the new Obama administration inevitably calls for more regulations, Woods argues that the only way to rebuild our economy is by returning to the fundamentals of capitalism and letting the free market work

    This struggle has shaken the world economy, dictated the outcome of wars, and transformed the destiny of men and nations.The Prize is as much a history of the twentieth century as of the oil industry itself. The canvas of history is enormous -- from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait and Operation Desert Storm.

    Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's Introduction both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, "Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics."Introduction by Robert Reich - Commentary by R. H. Campbell and A. S. Skinner - Includes a Modern Library Reading Group Guide

    Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history.The Mises Institute edition features a new introduction by historian Paul Johnson.Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive.Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed's policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust.The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward.

    A dark comedy, it portrays husband and wife George and Martha in a searing night of dangerous fun and games. By the evening's end, a stunning, almost unbearable revelation provides a climax that has shocked audiences for years. With the play's razor-sharp dialogue and the stripping away of social pretense, Newsweek rightly foresaw Who's Afraid of Virginia Woolf? as "a brilliantly original work of art--an excoriating theatrical experience, surging with shocks of recognition and dramatic fire [that] will be igniting Broadway for some time to come."

    A favourite of job hunters and career changers for more than three decades, it continues to be a mainstay on best-seller lists, from Amazon.com to BusinessWeek to the New York Times, where it has spent five and a half years.

    In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises and a replay of the 1930s seems all too possible. In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style--lucid, lively, and supremely informed--this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.

    Eva is a naturally gifted and imaginative storyteller who meets people from all stations and walks of life. Though she has no wealth, she trades her stories like currency with people who are kind to her. In this novel, she shares the story of her own life and introduces readers to a diverse and eccentric cast of characters including the Lebanese émigré who befriends her and takes her in; her unfortunate godmother, whose brain is addled by rum and who believes in all the Catholic saints and a few of her own invention; a street urchin who grows into a petty criminal and, later, a leader in the guerrilla struggle; a celebrated transsexual entertainer who instructs her in the ways of the adult world; and a young refugee whose flight from postwar Europe will prove crucial to Eva's fate.As Eva tells her story, Isabel Allende conjures up a whole complex South American nation—the rich, the poor, the simple, and the sophisticated—in a novel replete with character and incident, with drama and comedy and history, with battles and passions, rebellions and reunions, a novel that celebrates the power of imagination to create a better world.

    With great poignancy, Ali illuminates a foreign world; her well-developed characters pull readers along on a deeply psychological, almost spiritual journey. Through the eyes of two Bangladeshi sisters—the plain Nazneen and the prettier Hasina—we see the divergent paths of the contemporary descendants of an ancient culture. Hasina elopes to a "love marriage," and young Nazneen, in an arranged marriage, is pledged to a much older man living in London. Ali's skillful narrative focuses on Nazneen's stifling life with her ineffectual husband, who keeps her imprisoned in a city housing project filled with immigrants in varying degrees of assimilation. But Ali reveals a bittersweet tension between the "two kinds of love" Nazneen and her sister experience—that which begins full and overflowing, only to slowly dissipate, and another which emerges like a surprise, growing unexpectedly over years of faithful commitment. Both of these loves have their own pitfalls: Hasina's passionate romance crumbles into domestic violence, and Nazneen's marriage never quite reaches a state of wedded bliss.Though comparisons have drawn between Ali and Zadie Smith, a better comparison might be made between this talented newcomer and the work of Amy Tan, who so deftly portrays the immigrant experience with empathy and joy.

    . . Jenny Cavilleri, a sharp-tongued, working-class beauty studying music at Radcliffe . . .Opposites in nearly every way, Oliver and Jenny are kindred spirits from vastly different worlds. Falling deeply and powerfully, their attraction to one another defies everything they have ever believed—as they share a passion far greater than anything they dreamed possible . . . and explore the wonder of a love that must end too soon.One of the most adored novels of our time, this is the book that defined a generation—a story of uncompromising devotion, of life as it really is . . . and love that changes everything.

    Written by the American author and educator Kate Douglas Wiggin, it is the story of young and poor Rebecca Rowena Randall, who goes to live with her spinster aunts in the town of Riverboro when she is ten years-old. Rebecca’s father had died three years before and the family farm had become heavily indebted. In order to ease the burden on her widowed mother, Rebecca is sent to live with her lonely aunts at their farm and there she spends the next seven years till she becomes an adult. Rebecca brings her youthful enthusiasm and imagination to their quiet life and often clashes with her stern Aunt Miranda. Yet, Rebecca finds love and acceptance with her Aunt Jane and she grows up to be a proper and intelligent young lady who never loses her sunny outlook and kind heart. “Rebecca of Sunnybrook Farm” is a classic coming of age story that has been adapted numerous times for the stage and screen and continues to charm audiences and readers alike with its interesting characters and positive message of finding happiness in life’s simple pleasures.

    Although governments may presume to set "prices," it is individuals who, by their actions and choices through competitive bidding for money, products, and services, actually determine "prices". Thus, Mises presents economics—not as a study of material goods, services, and products—but as a study of human actions. He sees the science of human action, praxeology, as a science of reason and logic, which recognizes a regularity in the sequence and interrelationships among market phenomena. Mises defends the methodology of praxeology against the criticisms of Marxists, socialists, positivists, and mathematical statisticians.Mises attributes the tremendous technological progress and the consequent increase in wealth and general welfare in the last two centuries to the introduction of liberal government policies based on free-market economic teachings, creating an economic and political environment which permits individuals to pursue their respective goals in freedom and peace. Mises also explains the futility and counter-productiveness of government attempts to regulate, control, and equalize all people's circumstances: "Men are born unequal and ... it is precisely their inequality that generates social cooperation and civilization."Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian School of Economics throughout most of the twentieth century. He earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss, in 1934 Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University.Bettina Bien Greaves is a former resident scholar, trustee, and longtime staff member of the Foundation for Economic Education. She has written and lectured extensively on topics of free market economics. Her articles have appeared in such journals as Human Events, Reason, and The Freeman: Ideas on Liberty. A student of Mises, Greaves has become an expert on his work in particular and that of the Austrian School of economics in general. She has translated several Mises monographs, compiled an annotated bibliography of his work, and edited collections of papers by Mises and other members of the Austrian School.

    With crystalline intensity and precision, Otsuka uses a single family to evoke the deracination "both physical and emotional" of a generation of Japanese Americans.In five chapters, each flawlessly executed from a different point of view "the mother receiving the order to evacuate; the daughter on the long train ride to the camp; the son in the desert encampment; the family's return to their home; and the bitter release of the father after more than four years in captivity" she has created a small tour de force, a novel of unrelenting economy and suppressed emotion.Spare, intimate, arrestingly understated, When the Emperor Was Divine is a haunting evocation of a family in wartime and an unmistakably resonant lesson for our times. It heralds the arrival of a singularly gifted new novelist.From the Hardcover edition.

    Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act.Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians.Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today.

    The problem with this version of history? There’s not a shred of evidence to support it.Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.