The Market System: What It Is, How It Works, and What To Make of It


Charles E. Lindblom - 2001
    "A balanced and novel treatment of a very important set of questions. This is a book of grand scope by an outstanding scholar."—Samuel Bowles, University of Massachusetts, Amherst "Anyone who wants to know more about the market system’s plusses and minuses, how government can help or hinder its workings, and the direction in which it is likely to move should read this clear, fair, and fascinating book."—Robert Heilbroner, professor emeritus, New School University"The Market System resplendently assesses the character, rules, advantages, and shortcomings of the central institution coordinating modern economic and social life. Lindblom marshals his incisive intellect, uncommon range, and pellucid prose to clarify, probe, and exhort. The result is an unsurpassed guide."—Ira I. Katznelson, Columbia University

Blessed Are the Organized: Grassroots Democracy in America


Jeffrey L. Stout - 2010
    But thousands of others are not ready to give up on democracy just yet. Working outside the notice of the national media, ordinary citizens across the nation are meeting in living rooms, church basements, synagogues, and schools to identify shared concerns, select and cultivate leaders, and take action. Their goal is to hold big government and big business accountable. In this important new book, Jeffrey Stout bears witness to the successes and failures of progressive grassroots organizing, and the daunting forces now arrayed against it.Stout tells vivid stories of people fighting entrenched economic and political interests around the country. From parents and teachers striving to overcome gang violence in South Central Los Angeles, to a Latino priest north of the Rio Grande who brings his parish into a citizens' organization, to the New Orleans residents who get out the vote by taking a jazz band through streets devastated by Hurricane Katrina, Stout describes how these ordinary people conceive of citizenship, how they acquire and exercise power, and how religious ideas and institutions contribute to their successes.The most important book on organizing and grassroots democracy in a generation, Blessed Are the Organized is a passionate and hopeful account of how our endangered democratic principles can be put into action.

A Crisis Wasted: Barack Obama's Defining Decisions


Reed Hundt - 2019
    Unlike all other presidents except Abraham Lincoln—who decided to fight the Civil War before he was sworn in—Barack Obama determined the fate of his presidency before he became president. The policy results ultimately led to the worst person Obama could have imagined taking his place eight years later.During these four months, Obama chose neoliberal policies for restoring the economy, reforming health care, addressing the housing market collapse, and moving to clean power.This book describes how these decisions were made. Obama found himself trapped by the Bush administration’s prioritization of bolstering wall street. Then he made Hillary Clinton’s economic advisors his own and took their counsel. Although the Great Recession could have been much worse, the neoliberal policies led to a drawn out and uneven recovery, unpopular and limited health care reform, and failed energy reform.Based on dozens of interviews with actors in the Obama transition, as well as the author’s personal observations, this book provides unique commentary on the fateful decisions of the winter of 2008-2009. Among those interviewed: David Axelrod, Tom Daschle, Austan Goolsbee, Peter Orszag, Christy Romer, and Larry Summers.The ramifications of the Great Recession are not behind us. The 2016 election has not ended. The same battle between progressivism and neoliberalism still rages in the Democratic Party. As many seek the Presidency in the November 2020 election, all candidates and of course the eventual winner will continue to face decisions similar to those confronted by Barack Obama.Everyone should learn from this critical and little-understood history.

The Parties Versus the People: How to Turn Republicans and Democrats into Americans


Mickey Edwards - 2012
    While this is a widely held view, it is a problem that—so far—has proved intractable. After every election, voters discover yet again that political "leaders" are simply quarreling in a never-ending battle between the two warring tribes, the Republicans and Democrats. In this critically important book, a distinguished statesman and thinker identifies exactly how our political and governing systems reward intransigence, discourage compromise, and undermine our democracy. He then describes exactly what must be done to banish the negative effects of partisan warfare from our political system.As a former congressman, Mickey Edwards witnessed firsthand how important legislative battles can devolve into struggles not over principle but over party advantage. He offers graphic examples of how this problem has intensified and reveals how political battles have become nothing more than conflicts between party machines. Edwards's solutions—specific, practical, fair, and original—show the way to break the stranglehold of the political party system. The Parties Versus the People offers hope for a fundamental renewal of American democracy.

The Rise of China vs. the Logic of Strategy


Edward N. Luttwak - 2012
    Applying the logic of strategy for which he is well known, Luttwak argues that the most populous nation on Earth and its second largest economy may be headed for a fall.For any country whose rising strength cannot go unnoticed, the universal logic of strategy allows only military or economic growth. But China is pursuing both goals simultaneously. Its military buildup and assertive foreign policy have already stirred up resistance among its neighbors, just three of whom India, Japan, and Vietnam together exceed China in population and wealth. Unless China's leaders check their own ambitions, a host of countries, which are already forming tacit military coalitions, will start to impose economic restrictions as well.Chinese leaders will find it difficult to choose between pursuing economic prosperity and increasing China's military strength. Such a change would be hard to explain to public opinion. Moreover, Chinese leaders would have to end their reliance on ancient strategic texts such as Sun Tzu's "Art of War". While these guides might have helped in diplomatic and military conflicts within China itself, their tactics such as deliberately provoking crises to force negotiations turned China s neighbors into foes. To avoid arousing the world's enmity further, Luttwak advises, Chinese leaders would be wise to pursue a more sustainable course of economic growth combined with increasing military and diplomatic restraint.

The Globalization of Inequality


François Bourguignon - 2012
    Exploring globalization’s role in the evolution of inequality, Bourguignon takes an original and truly international approach to the decrease in inequality between nations, the increase in inequality within nations, and the policies that might moderate inequality’s negative effects.Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments.An informed and original contribution to the current debates about inequality, this book will be essential reading for anyone who is interested in the future of the world economy.

The Party Decides: Presidential Nominations Before and After Reform


Marty Cohen - 2008
    This concern threw into relief the prevailing notion that—such unusually competitive cases notwithstanding—people, rather than parties, should and do control presidential nominations. But for the past several decades, The Party Decides shows, unelected insiders in both major parties have effectively selected candidates long before citizens reached the ballot box.Tracing the evolution of presidential nominations since the 1790s, this volume demonstrates how party insiders have sought since America’s founding to control nominations as a means of getting what they want from government. Contrary to the common view that the party reforms of the 1970s gave voters more power, the authors contend that the most consequential contests remain the candidates’ fights for prominent endorsements and the support of various interest groups and state party leaders. These invisible primaries produce frontrunners long before most voters start paying attention, profoundly influencing final election outcomes and investing parties with far more nominating power than is generally recognized.

DIAGRAMS & DOLLARS: Modern Money Illustrated


J.D. ALT - 2014
    The explanations are illustrated with simple diagrams, making the concepts easy to "see". The explanations are targeted to the "non-economist" with a serious interest in the current debate about fiscal policies and National Budgets.

The Long Divergence: How Islamic Law Held Back the Middle East


Timur Kuran - 2010
    But by 1800, the region had fallen dramatically behind--in living standards, technology, and economic institutions. In short, the Middle East had failed to modernize economically as the West surged ahead. What caused this long divergence? And why does the Middle East remain drastically underdeveloped compared to the West? In The Long Divergence, one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to these long-debated questions.Timur Kuran argues that what slowed the economic development of the Middle East was not colonialism or geography, still less Muslim attitudes or some incompatibility between Islam and capitalism. Rather, starting around the tenth century, Islamic legal institutions, which had benefitted the Middle Eastern economy in the early centuries of Islam, began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life--including private capital accumulation, corporations, large-scale production, and impersonal exchange. By the nineteenth century, modern economic institutions began to be transplanted to the Middle East, but its economy has not caught up. And there is no quick fix today. Low trust, rampant corruption, and weak civil societies--all characteristic of the region's economies today and all legacies of its economic history--will take generations to overcome. The Long Divergence opens up a frank and honest debate on a crucial issue that even some of the most ardent secularists in the Muslim world have hesitated to discuss.

Give a Man a Fish: Reflections on the New Politics of Distribution


James Ferguson - 2015
    More than thirty percent of South Africa's population receive such payments, even as pundits elsewhere proclaim the neoliberal death of the welfare state. These programs' successes at reducing poverty under conditions of mass unemployment, Ferguson argues, provide an opportunity for rethinking contemporary capitalism and for developing new forms of political mobilization. Interested in an emerging "politics of distribution," Ferguson shows how new demands for direct income payments (including so-called "basic income") require us to reexamine the relation between production and distribution, and to ask new questions about markets, livelihoods, labor, and the future of progressive politics.

The Myth of America's Decline: Politics, Economics, and a Half Century of False Prophecies


Josef Joffe - 2013
    A provocative and contrarian work—filled with great lessons from history—that challenges the pervasive notion that America is on the decline.

The Broken Branch: How Congress Is Failing America and How to Get It Back on Track


Thomas E. Mann - 2006
    Mann and Norman J. Ornstein, but now it is a broken branch, damaged by partisan bickering and internal rancor. The Broken Branch offers both a brilliant diagnosis of the cause of Congressional decline and a much-needed blueprint for change, from two experts who understand politics and revere our institutions, but believe that Congress has become deeply dysfunctional. Mann and Ornstein, two of the nations most renowned and judicious scholars of government and politics, bring to light the historical roots of Congress's current maladies, examining 40 years of uninterrupted Democratic control of the House and the stunning midterm election victory of 1994 that propelled Republicans into the majority in both House and Senate. The byproduct of that long and grueling but ultimately successful Republican campaign, the authors reveal, was a weakened institution bitterly divided between the parties. They highlight the dramatic shift in Congress from a highly decentralized, committee-based institution into a much more regimented one in which party increasingly trumps committee. The resultant changes in the policy process--the demise of regular order, the decline of deliberation, and the weakening of our system of checks and balances--have all compromised the role of Congress in the American Constitutional system. Indeed, Speaker Dennis Hastert has unabashedly stated that his primary responsibility is to pass the president's legislative program--identifying himself more as a lieutenant of the president than a steward of the house. From tax cuts to the war against Saddam Hussein to a Medicare prescription drug benefit, the legislative process has been bent to serve immediate presidential interests and have often resulted in poorly crafted and stealthily passed laws. Strong majority leadership in Congress, the authors conclude, led not to a vigorous exertion of congressional authority but to a general passivity in the face of executive power. A vivid portrait of an institution that has fallen far from the aspirations of our Founding Fathers, The Broken Branch highlights the costs of a malfunctioning Congress to national policymaking, and outlines what must be done to repair the damage.

How Change Happens


Duncan Green - 2016
    Drawing on many first-hand examples and numerous new case studies and interviews with grassroots activists and organizations around the world, as well as Oxfam's unrivalled global experience, this important book answers the question: how does change happen and how can we-governments, organizations, businesses, leaders, campaigners, employees, and ordinary citizens-make a difference?

Division Street: America


Studs Terkel - 1966
    From a mother and son who migrated from Appalachia to a Native American boilerman, from a streetwise ex–gang leader to a liberal police officer, from the poorest African Americans to the richest socialites, these unique and often intimate first-person accounts form a multifaceted collage that defies any simple stereotype of America.As Terkel himself put it: “I was on the prowl for a cross–section of urban thought, using no one method or technique. . . I guess I was seeking some balance in the wildlife of the city as Rachel Carson sought it in nature. Revealing aspects of people’s lives that are normally invisible to most of us, Division Street is a fascinating survey of a city, and a society, at a pivotal moment of the twentieth century.

Corruption in America: From Benjamin Franklin's Snuff Box to Citizens United


Zephyr Teachout - 2014
    This broad understanding of political corruption--rooted in ideals of civic virtue--was a driving force at the Constitutional Convention.For two centuries the framers' ideas about corruption flourished in the courts, even in the absence of clear rules governing voters, civil officers, and elected officials. Should a law that was passed by a state legislature be overturned because half of its members were bribed? What kinds of lobbying activity were corrupt, and what kinds were legal? When does an implicit promise count as bribery? In the 1970s the U.S. Supreme Court began to narrow the definition of corruption, and the meaning has since changed dramatically. No case makes that clearer than Citizens United.In 2010, one of the most consequential Court decisions in American political history gave wealthy corporations the right to spend unlimited money to influence elections. Justice Anthony Kennedy's majority opinion treated corruption as nothing more than explicit bribery, a narrow conception later echoed by Chief Justice Roberts in deciding McCutcheon v. FEC in 2014. With unlimited spending transforming American politics for the worse, warns Zephyr Teachout, Citizens United and McCutcheon were not just bad law but bad history. If the American experiment in self-government is to have a future, then we must revive the traditional meaning of corruption and embrace an old ideal.