Rogue Nation: American Unilateralism And The Failure Of Good Intentions


Clyde V. Prestowitz Jr. - 2003
    After 9/11 there was a flurry of coalition building, but Europe and Asia quickly came to see the conflict in Afghanistan as an American war with Tony Blair leading cheers from the sidelines. Recent American calls to action in Iraq have only reinforced international perception that the U.S. plans to remain a solitary actor on the world stage. Despite our stated good intentions -- the causes of justice and democracy -- we have become the world's largest rogue nation. The Bush administration did not invent the American tradition of unilateralism, but, Clyde Prestowitz argues, they have taken it to unprecedented heights. Rogue Nation explores the historical roots of the unilateral impulse and shows how it helps shape American foreign policy in every important area: trade and economic policy, arms control, energy, environment, drug trafficking, agriculture. Even now, when the need for multilateral action -- and the danger of going it alone -- has never been greater, we continue to act contrary to international law, custom, and our own best interests.

Currency Wars: The Making of the Next Global Crisis


James Rickards - 2011
    dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas.While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.

Introduction to International Political Economy


David N. Balaam - 1995
    This comprehensive introduction to international political economy clearly shows students how politics and economics come together in today's global environment. The text demonstrates how an understanding of IPE can help students make sense of global news, business investments, and government policies - by presenting the theories, institutions, and relationships found in IPE in simple ways that retain the complexity of the world issues and intellectual problems addressed. *New - Revised chapters throughout - Takes into account the number of important IPE events, especially the growing discussion of and concern about economic globalization, the financial crises in Asia and elsewhere, and the advent of a single currency in Europe, the Euro. *New - A survey of four theoretical perspectives - Rational choice; feminist; green; and post-modern. - Provides students with theories that challenge and enrich the traditional study of IPE. *New - Coverage of global security structure (Ch. 9) - Uproots the discussion from the previous focus on the Cold War. - Asks students to consider security as a

Where Does the Money Go?: Your Guided Tour to the Federal Budget Crisis


Scott Bittle - 1975
    Nonpartisan and well-balanced, Where Does the Money Go? is a candid, eye-opening, and delightfully irreverent guide to the ongoing federal budget crisis that breaks-down into plain English exactly what the Fat Cats in Washington, D.C. are arguing about.

The Bern Identity: A Search for Bernie Sanders and the New American Dream (Kindle Single)


Will Bunch - 2015
    How did Bernie Sanders make it out of the backwoods of Vermont – where he lived for a time in a ramshackle off-road “sugar shack” with no electricity, and where he never got more than 6 percent of the vote in a string of doomed, fringe far-left campaigns in the 1970s – to become a leading contender in the 2016 race for the White House? And perhaps more importantly for author Will Bunch, how did this gruff and sometimes didactic gray-haired political survivor make it out of the 1960s and ‘70s to become the last torch-bearer of the youthful idealism of that nearly lost “Age of Aquarius” – The One who didn’t drop out, sell out…or simply give up? In the fall of 2015, Bunch – with the voices of the late Hunter S. Thompson and the other iconic “New Journalists” of that lost era ringing in his ears – set out on a road trip that took him from the battlefields of northern Virginia to the salty air of backwater Boston to the neon sky of the Las Vegas Strip, all to get to the bottom of “The Bern Identity.” He follows the long strange trip of Bernie Sanders – a kid from a cramped Brooklyn flat who couldn’t tell a lie in school, who mourned the migration of his beloved Dodgers and was shaken up by “Death of a Salesman,” who became a campus radical, a dreamer of revolutions, and then almost disappeared before his improbable election of mayor of Burlington in 1981. Sanders’ remarkable bio is interspersed with the tale of the true believers who packed hockey rinks and concrete convention floors in crowds of 20,000 or more, who tweeted incessantly and posted memes of Sanders flying in coach class, and who exploded with excitement at their hero’s call for a “political revolution” to raise the beleaguered middle class. In a time of rampant cynicism about American politics, “The Bern Identity” turns into something most unlikely – a love story, between the long-distance runner who never gave up his fantasy of real social change, and the dreamers and the radicals and the formerly hopeless who were waiting for him at the finish line.THE AUTHOR Will Bunch is senior writer for the Philadelphia Daily News – where he writes the popular political blog Attytood – and also shared the 1992 Pulitzer Prize for spot news reporting in 1992 when he was at New York Newsday. He is the author of two other Kindle Singles: October 1, 2011: The Battle of the Brooklyn Bridge, about the Occupy Wall Street movement, and Give It To Steve!, about the 1948 Philadelphia Eagles winning the NFL title during a raging blizzard. His full-length books include The Backlash: Right-Wing Radicals, High-Def Hucksters and Paranoid Politics in the Age of Obama, and Tear Down This Myth: The Right-Wing Distortion of the Reagan Legacy. His articles have also appeared in the New York Times Magazine, The Washington Post, Mother Jones, The Los Angeles Times, American Prospect, American Journalism Review, and elsewhere. He lives in the Philadelphia suburbs with his family.

The Golden Bees: The Story of the Bonapartes


Theo Aronson - 1964
     This book is a domestic chronicle of the incredible Bonaparte family, a greedy, amorous, quarrelsome and hot-blooded Corsican clan who provided nineteenth-century Europe — and America — not only with two French emperors, but also with a dazzling assortment of pretenders and parvenus, statesmen and eccentrics, great ladies and adventuresses. Plumped on to the thrones of Europe by the career of Napoleon I, who probably took better care of his family than any conqueror in history, the Bonapartes survived the wreck of the two empires they ruled, buzzing around the honeypots of the continent with all the persistence of the imperial bees of Napoleon's crest. This is a personal history, not a political one. It is the family, with its eccentricities, vulgarities and fascinations manifesting themselves in generation after generation, which holds the centre of the stage. The great political, economic and military events of the time are heard dimly as 'noises off'. Napoleon I himself appears as son, brother, husband, father and above all as founder of a dynasty, rather than as a great public figure. But about the family, its feuds, its treacheries, its love affairs, its moments of greatness and of human tragedy, Mr Aronson seems to have missed not one good story, from the squabbles of Napoleon's rebellious sisters over the carrying of Josephine's train, to Hitler's remarkable deal with Petain for the return of the body of the Duke of Reichstadt to his father's tomb in the Invalides. Mr Aronson paints his family portrait with a wealth of detail based on many years of research with historical documents and original records, letters, memoirs and family diaries — for, in the end, no one seems to have been able to tell quite such a lurid tale about a Bonaparte as another Bonaparte.

A Short History of Progress


Ronald Wright - 2004
    The twentieth century—a time of unprecedented progress—has produced a tremendous strain on the very elements that comprise life itself: This raises the key question of the twenty-first century: How much longer can this go on? With wit and erudition, Ronald Wright lays out a-convincing case that history has always provided an answer, whether we care to notice or not. From Neanderthal man to the Sumerians to the Roman Empire, A Short History of Progress dissects the cyclical nature of humanity's development and demise, the 10,000-year old experiment that we've unleashed but have yet to control. It is Wright's contention that only by understanding and ultimately breaking from the patterns of progress and disaster that humanity has repeated around the world since the Stone Age can we avoid the onset of a new Dark Age. Wright illustrates how various cultures throughout history have literally manufactured their own end by producing an overabundance of innovation and stripping bare the very elements that allowed them to initially advance. Wright's book is brilliant; a fascinating rumination on the hubris at the heart of human development and the pitfalls we still may have time to avoid.

The Myth of the Rational Market: Wall Street's Impossible Quest for Predictable Markets


Justin Fox - 2008
    The book brings to life the people and ideas that forged modern finance and investing, from the formative days of Wall Street through the Great Depression and into the financial calamity of today. It's a tale that features professors who made and lost fortunes, battled fiercely over ideas, beat the house in blackjack, wrote bestselling books, and played major roles on the world stage. It's also a tale of Wall Street's evolution, the power of the market to generate wealth and wreak havoc, and free market capitalism's war with itself.The efficient market hypothesis--long part of academic folklore but codified in the 1960s at the University of Chicago--has evolved into a powerful myth. It has been the maker and loser of fortunes, the driver of trillions of dollars, the inspiration for index funds and vast new derivatives markets, and the guidepost for thousands of careers. The theory holds that the market is always right, and that the decisions of millions of rational investors, all acting on information to outsmart one another, always provide the best judge of a stock's value. That myth is crumbling.Celebrated journalist and columnist Fox introduces a new wave of economists and scholars who no longer teach that investors are rational or that the markets are always right. Many of them now agree with Yale professor Robert Shiller that the efficient markets theory "represents one of the most remarkable errors in the history of economic thought." Today the theory has given way to counterintuitive hypotheses about human behavior, psychological models of decision making, and the irrationality of the markets. Investors overreact, underreact, and make irrational decisions based on imperfect data. In his landmark treatment of the history of the world's markets, Fox uncovers the new ideas that may come to drive the market in the century ahead.

Grand Pursuit: A History of Economic Genius


Sylvia Nasar - 2011
    It’s the epic story of the making of modern economics, and of how economics rescued mankind from squalor and deprivation by placing its material fate in its own hands rather than in Fate. Nasar’s account begins with Charles Dickens and Henry Mayhew observing and publishing the condition of the poor majority in mid-nineteenth-century London, the richest and most glittering place in the world. This was a new pursuit. She describes the often heroic efforts of Marx, Engels, Alfred Marshall, Beatrice and Sydney Webb, and the American Irving Fisher to put those insights into action—with revolutionary consequences for the world. From the great John Maynard Keynes to Schumpeter, Hayek, Keynes’s disciple Joan Robinson, the influential American economists Paul Samuelson and Milton Freedman, and India’s Nobel Prize winner Amartya Sen, she shows how the insights of these activist thinkers transformed the world—from one city, London, to the developed nations in Europe and America, and now to the entire planet. In Nasar’s dramatic narrative of these discoverers we witness men and women responding to personal crises, world wars, revolutions, economic upheavals, and each other’s ideas to turn back Malthus and transform the dismal science into a triumph over mankind’s hitherto age-old destiny of misery and early death. This idea, unimaginable less than 200 years ago, is a story of trial and error, but ultimately transcendent, as it is rendered here in a stunning and moving narrative.

An Economic Interpretation of the Constitution of the United States


Charles A. Beard - 1913
    Unlike those writers, who had stressed idealistic impulses as factors determining the structure of the American government, Beard questioned the Founding Fathers' motivations in drafting the Constitution and viewed the results as a product of economic self-interest.Brimming with human interest, insights, and information every student of American history will prize, this volume — one of the most controversial books of its time — continues to prompt new perceptions of the supreme law of the land."A staple for history and economics collections." — Library Journal."Replete with human interest and compact with information of importance to every student of American history or of political science." — Annals of the American Academy of Political and Social Science.

In the Long Run We Are All Dead: Keynesianism, Political Economy, and Revolution


Geoff Mann - 2017
    The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. Keynesians are not and never have been out to save capitalism, but rather to save civilization from itself. It is political economy, they promise, for the world in which we actually live: a world in which prices are “sticky,” information is “asymmetrical,” and uncertainty inescapable. In this world, things will definitely not take care of themselves in the long run. Poverty is ineradicable, markets fail, and revolutions lead to tyranny. Keynesianism is thus modern liberalism’s most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries.If our current crises have renewed Keynesianism for so many, it is less because the present is worth saving, than because the future seems out of control. In that situation, Keynesianism is a perfect fit: a faith for the faithless.

The Constitution of Liberty


Friedrich A. Hayek - 1960
    Hayek's book, first published in 1960, urges us to clarify our beliefs in today's struggle of political ideologies.

Manias, Panics, and Crashes: A History of Financial Crises


Charles P. Kindleberger - 1978
    Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets--from the difficulties in East Asia and the repercussions of the Mexican crisis to the 1992 Sterling crisis. His sharply drawn history confronts a host of key questions. Charles P. Kindleberger (Boston, MA) was the Ford Professor of Economics at MIT for thirty-three years. He is a financial historian and prolific writer who has published over twenty-four books.

The Idea of Communism


Tariq Ali - 2009
    Yet, why was this collapse of Communism considered final, but the many failures of capitalism are considered temporary and episodic? In The Idea of Communism, Tariq Ali addresses this very question.The idea of Communism, argues Ali, was simple and noble. The Communist Manifesto, which advocated the creation of a society based on the principle of “from each according to his ability, to each according to his need” rather than a system based on greed and profit, appealed to millions all over the globe.  However, Ali argues that the vision of society adumbrated by the founders of Communism was a far cry from what became known as actually existing socialism in the Soviet Union and China. The Communist system that developed ignored Engels’s belief that a workers’ movement and its victory were inconceivable without freedom of the press and assembly. This freedom, Engels insisted, “is the air it needs to breathe.Here, in a thought-provoking re-evaluation, Ali argues that a new form of socialism and global planning is vital to save the planet from capitalist and environmental degradation.

The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes


Zachary D. Carter - 2020
    Writing a full two years before Keynes would revolutionize the economics world with the publication of The General Theory, Woolf nevertheless found herself unable to condense her friend's already-extraordinary life into anything less than twenty-five themes, which she jotted down at the opening of her homage: "Politics. Art. Dancing. Letters. Economics. Youth. The Future. Glands. Genealogies. Atlantis. Mortality. Religion. Cambridge. Eton. The Drama. Society. Truth. Pigs. Sussex. The History of England. America. Optimism. Stammer. Old Books. Hume."Keynes was not only an economist, as he is remembered today, but the preeminent anti-authoritarian thinker of the twentieth century, a man who devoted his life to the belief that art and ideas could conquer war and deprivation. A moral philosopher, political theorist, and statesman, Keynes immersed himself in a creative milieu filled with ballerinas and literary icons as he developed his own innovative and at times radical thought, reinventing Enlightenment liberalism for the harrowing crises of his day--which included two world wars and an economic collapse that challenged the legitimacy of democratic government itself. The Price of Peace follows Keynes from intimate turn-of-the-century parties in London's riotous Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, through stock market crashes and currency crises to diplomatic breakthroughs in the mountains of New Hampshire and wartime ballet openings at Covent Garden.In this riveting biography, veteran journalist Zachary D. Carter unearths the lost legacy of one of history's most important minds. John Maynard Keynes's vibrant, deeply human vision of democracy, art, and the good life has been obscured by technical debates, but in The Price of Peace, Carter revives a forgotten set of ideas with the power to reinvent national government and reframe the principles of international diplomacy in our own time.