Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers--the politically potent National Champions--who are the greatest beneficiaries of the financial status quo.China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.

    In his famous 1976 speech at the Republican National Convention, Ronald Reagan helped define a way forward and strengthened the Republican Party. As we stand at a crossroad once again, we are fortunate to have a blueprint for restoring America's greatness. Reagan has given us the principles to succeed. This book is not merely a diagnosis of our nation's ills but a prescription to heal our nation, rooted in the words and principles of Ronald Reagan. In these pages, Michael Reagan shares the plan his father developed over years of study, observation, and reflection. It is the plan he announced to the nation, straight from his heart, one summer evening during America's two hundredth year. It is the plan he put into action during his eight years in office as one of the most effective presidents of the twentieth century, and it is the plan we can use today to help return America to its former greatness, soundness, and prosperity.

    She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real "free" markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.

    Its historical coverage considers Nicaragua from before independence as well as during the nationalist liberal era, the US marine occupation, the Somoza dictatorship, the Sandinista regime, and the conservative restoration following 1990. The Fourth Edition documents how the more enduring reality of this Central American country may not be the Sandinista Revolution but the historical and ongoing interventions by which the United States — the “eagle” to the north — continues to shape Nicaraguan political, economic, and social life. The new edition also includes a fully updated annotated bibliography.

    In this magisterial new work, Giovanni Arrighi shows how China’s extraordinary rise invites us to read The Wealth of Nations in a radically different way than is usually done. He examines how the recent US attempt to bring into existence the first truly global empire in world history was conceived in order to counter China’s spectacular economic success of the 1990s, and how the US’s disastrous failure in Iraq has made the People’s Republic of China the true winner of the US War on Terror. In the 21st century, China may well become again the kind of noncapitalist market economy that Smith described, under totally different domestic and world-historical conditions.

    

    We conservatives have truth and rationality and logic on our side. We just need to remind ourselves why we are right, and we need that reminder delivered in a way that’s not a lecture, not a history lesson, and not a complicated political diatribe.” If you think all conservatives are old white dudes, think again. Meet the Chicks on the Right (if you haven’t already). Everyone loves to tell them they’re wrong. Everyone. Liberals say they’re wrong because, well, they’re conservative. Conservatives tell them they’re wrong because they are not conservative enough. Or because they’re too conservative. Or because they’re the wrong kind of conservative. With all the blame flying around, it’s easy to lose sight of one important thing: They think like you. And they are right. It’s right to revere the Constitution. It’s right to value personal responsibility, economic liberty, and free enterprise. It’s right to think that political correctness is crap, and it’s right to call out the mainstream media for bias. And it’s right to laugh at the so-called War on Women and to stand up for the unborn. As they do every day on their blog and radio show, Miriam Weaver and Amy Jo Clark offer a definitive response to critics on the right and the left, and a cheerfully snarky pep talk for likeminded conservatives. On the one hand, they are tired of the media’s portrayal of conservatives as repressed sticks-in-the-mud; on the other hand, they are sick of GOP leaders who play right into that stereotype. With humor and insight, Mock and Daisy, as the Chicks are known on their blog, explain why:Capitalism is a good thing—success and the money that comes with it are nothing to be ashamed of! First Amendment protections extend to all Americans, not just those with whom we agree. Americans have a constitutional right to things that go pew-pew-pew. Skin color is irrelevant. It makes sense to be pro-life and pro-Plan B. The Chicks offer suggestions for a conservative makeover that will realign the GOP with the regular folks who are frustrated with uptight and clueless politicians. But they also show why conservatism makes sense for everyone, especially those who love their country, their families, God, rock and roll, and a well-made cocktail (not necessarily in that order).

    It is also vital that Scandinavians themselves read this book to help them understand the market reforms that are essential for a successful future.

    Vice President Lyndon B. Johnson boarded the plane in secrecy, with few in the world aware that President Kennedy was dead, and then after taking the presidential oath, Johnson had 132 minutes to assemble his thoughts and a government before landing at Andrews Air Force Base and presenting himself to the cameras as the new leader of the free world.While there are many individual recollections of the flight, there exist few comprehensive reconstructions of all that unfolded on the plane. Graff's account of the flight—based on dozens of accounts of those on board plus more than 500 pages of archive documents as well as a recently discovered two-hour-and-22-minute audio recording of Air Force One’s radio traffic with Andrews on the day of the assassination—reveals that even amid one of the most dramatic presidential transitions in history there arose very human moments of envy, anger, bewilderment, and courage, as those aboard endured what would be for all of them the most difficult hours of their lives.

    Now about twenty-five years old, they are about to inherit the new Ireland. Who are they? What makes them tick? Where are they taking us?

    Comprising an entire magazine feature and a sizable advertising budget, the newspaper’s initiative conveyed a serious attempt to engage the public in an intellectual exchange about the history of slavery in the United States and its lingering harms to our social fabric. It also seemed to avoid the superficiality of many public history initiatives, which all too often reduce over 400 complex years of slavery’s history and legacy to sweeping generalizations. Instead, the Times promised detailed thematic explorations of topics ranging from the first slave ship’s arrival in Jamestown, Virginia, in 1619 to the politics of race in the present day.At the same time, however, certain 1619 Project essayists infused this worthy line of inquiry with a heavy stream of ideological advocacy. Times reporter Nikole Hannah-Jones announced this political intention openly, pairing progressive activism with the initiative’s stated educational purposes.In assembling these essays, I make no claim of resolving what continues to be a vibrant and ongoing discussion. Neither should my work be viewed as the final arbiter of historical accuracy, though I do evaluate a number of factual and interpretive claims made by the project’s authors. Rather, the aim is to provide an accessible resource for readers wishing to navigate the scholarly disputes, offering my own interpretive take on claims pertaining to areas of history in which I have worked." -- Phil Magness

    The consensus that the PAP government has constructed and maintained over five decades is fraying. The assumptions that underpin Singaporean exceptionalism are no longer accepted as easily and readily as before. Among these are the ideas that the country is uniquely vulnerable, that this vulnerability limits its policy and political options, that good governance demands a degree of political consensus that ordinary democratic arrangements cannot produce, and that the country’s success requires a competitive meritocracy accompanied by relatively little income or wealth redistribution. But the policy and political conundrums that Singapore faces today are complex and defy easy answers. Confronted with a political landscape that is likely to become more contested, how should the government respond? What reforms should it pursue? This collection of essays suggests that a far-reaching and radical rethinking of the country's policies and institutions is necessary, even if it weakens the very consensus that enabled Singapore to succeed in its first fifty years.

    In fact, as Liaquat Ahamed reveals, it was the decisions taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades. In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Émile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose façade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear—that the greatest threat to capitalism was inflation— and by a common vision that the solution was to turn back the clock and return the world to the gold standard. For a brief period in the mid-1920s they appeared to have succeeded. The world’s currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression. As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Offering a new understanding of the global nature of financial crises, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, of their fallibility, and of the terrible human consequences that can result when they are wrong.

    Thing 4: The washing machine has changed the world more than the Internet. Thing 5: Assume the worst about people, and you get the worst. Thing 13: Making rich people richer doesn't make the rest of us richer.If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan.Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.Ha-Joon Chang teaches in the Faculty of Economics at the University of Cambridge. His books include the bestselling Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. His Kicking Away the Ladder received the 2003 Myrdal Prize, and, in 2005, Chang was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought.