How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well.Among the facts and causes Posner identifies are: excess savingsflowing in from Asia and the reckless lowering of interest rates by theFederal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled bylow interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions.Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist--that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation--and the Keynesian--that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated.Read Richard Posner's blog, and his latest article in The Atlantic.

    Evaluating his empirical data, Thomas Sowell concludes that race preference programs worldwide have not met expectations and have often produced the opposite of what was originally intended.“A delight: terse, well-argued, and utterly convincing.”—Economist “Among contemporary economists and social theorists, one of the most prolific, intellectually independent, and iconoclastic is Thomas Sowell. . . . Enormously learned, wonderfully clear-headed, he sees reality as it is, and flinches at no truth. . . . Sowell’s presentation of the data is instructive and illuminating—and disturbing.”—Carl Cohen, Commentary“Another brilliant, bracing achievement by Thomas Sowell. With characteristic lucidity, erudition, and depth, Sowell examines the true effects of affirmative action around the globe. This book is compelling, important, mind-opening.”—Amy Chua, author of World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability“A masterpiece that deserves to be one of the most influential books of our time. Any honest reader will be informed and enlightened.”—Donald Kagan, Yale University“A gem of a book. A brilliant and learned analysis of the negative effects of racially preferential policies both in the United States and in several other countries around the world.”—Stephan Thernstrom, Harvard University

    Anarchists repeatedly appeal to anthropologists for ideas about how society might be reorganized on a more egalitarian, less alienating basis. Anthropologists, terrified of being accused of romanticism, respond with silence . . . . But what if they didn't?This pamphlet ponders what that response would be, and explores the implications of linking anthropology to anarchism. Here, David Graeber invites readers to imagine this discipline that currently only exists in the realm of possibility: anarchist anthropology.

    It saves lives, manipulates lives, and prioritizes some lives over others. It provides comfort, makes profits, justifies violence, and promises resolution to body-mind loss. Clare grapples with this knot of contradictions, maintaining that neither an anti-cure politics nor a pro-cure worldview can account for the messy, complex relationships we have with our body-minds.The stories he tells range widely, stretching from disability stereotypes to weight loss surgery, gender transition to skin lightening creams. At each turn, Clare weaves race, disability, sexuality, class, and gender together, insisting on the nonnegotiable value of body-mind difference. Into this mix, he adds environmental politics, thinking about ecosystem loss and restoration as a way of delving more deeply into cure.Ultimately Brilliant Imperfection reveals cure to be an ideology grounded in the twin notions of normal and natural, slippery and powerful, necessary and damaging all at the same time.

    Tracing the global history of inequality from the Stone Age to today, Walter Scheidel shows that inequality never dies peacefully. Inequality declines when carnage and disaster strike and increases when peace and stability return. The Great Leveler is the first book to chart the crucial role of violent shocks in reducing inequality over the full sweep of human history around the world.Ever since humans began to farm, herd livestock, and pass on their assets to future generations, economic inequality has been a defining feature of civilization. Over thousands of years, only violent events have significantly lessened inequality. The "Four Horsemen" of leveling—mass-mobilization warfare, transformative revolutions, state collapse, and catastrophic plagues—have repeatedly destroyed the fortunes of the rich. Scheidel identifies and examines these processes, from the crises of the earliest civilizations to the cataclysmic world wars and communist revolutions of the twentieth century. Today, the violence that reduced inequality in the past seems to have diminished, and that is a good thing. But it casts serious doubt on the prospects for a more equal future.An essential contribution to the debate about inequality, The Great Leveler provides important new insights about why inequality is so persistent—and why it is unlikely to decline anytime soon.

    It means more than the arrival of trendy shops, much-maligned hipsters, and expensive lattes. The very future of American cities as vibrant, equitable spaces hangs in the balance.Peter Moskowitz's How to Kill a City takes readers from the kitchen tables of hurting families who can no longer afford their homes to the corporate boardrooms and political backrooms where destructive housing policies are devised. Along the way, Moskowitz uncovers the massive, systemic forces behind gentrification in New Orleans, Detroit, San Francisco, and New York. The deceptively simple question of who can and cannot afford to pay the rent goes to the heart of America's crises of race and inequality. In the fight for economic opportunity and racial justice, nothing could be more important than housing.A vigorous, hard-hitting expose, How to Kill a City reveals who holds power in our cities-and how we can get it back

    Christine Montross has spent her career treating the most severely ill psychiatric patients. Several years ago, she set out to investigate why so many of her patients got caught up in the legal system when discharged from her care--and what happened to them therein.Waiting for an Echo is a riveting, rarely seen glimpse into American incarceration. It is also a damning account of policies that have criminalized mental illness, shifting large numbers of people who belong in therapeutic settings into punitive ones.The stark world of American prisons is shocking for all who enter. But Dr. Montross' expertise--the mind in crisis-- allowed her to reckon with the human stories behind the bars. A father attempting to weigh the impossible calculus of a plea bargain. A bright young woman whose life is derailed by addiction. Boys in a juvenile detention facility who, desperate for human connection, invent a way to communicate with one another from cell to cell. Overextended doctors and correctional officers who strive to provide care and security in environments riddled with danger. In these encounters, Montross finds that while our system of correction routinely makes people with mental illness worse, just as routinely, it renders mentally stable people psychiatrically unwell. The system is quite literally maddening.Our methods of incarceration take away not only freedom, but also selfhood and soundness of mind. In a nation where ninety-five percent of all inmates are released from prison and return to our communities, this is a practice that punishes us all.

    Why do well-intentioned plans for improving the human condition go tragically awry?In this wide-ranging and original book, James C. Scott analyzes failed cases of large-scale authoritarian plans in a variety of fields. Centrally managed social plans misfire, Scott argues, when they impose schematic visions that do violence to complex interdependencies that are not—and cannot—be fully understood. Further, the success of designs for social organization depends upon the recognition that local, practical knowledge is as important as formal, epistemic knowledge. The author builds a persuasive case against "development theory" and imperialistic state planning that disregards the values, desires, and objections of its subjects. He identifies and discusses four conditions common to all planning disasters: administrative ordering of nature and society by the state; a "high-modernist ideology" that places confidence in the ability of science to improve every aspect of human life; a willingness to use authoritarian state power to effect large- scale interventions; and a prostrate civil society that cannot effectively resist such plans.

    of California, Irvine) explores the historical development of prothin, antifat ideologies deployed in support of Western, patriarchal white supremacy. Beginning in the aesthetic ideals circulated by Renaissance thinkers and artists and bringing her narrative up into the 1990s, Strings charts how white Europeans and Anglo-Americans developed ideals of race and beauty that both explicitly and figuratively juxtaposed slim, desirable white women against corpulent, seemingly monstrous black women. The work is divided into three sections. The two chapters in the first part consider how Renaissance white women and women of color were depicted as plump and feminine, separated by class, yet belonging to the same gender. The second part of the work charts the rise of modern racial ideologies that yoked feminine beauty to Protestant, Anglo-Saxon whiteness. Later chapters and the epilogue consider how Americans normalized the "scientific management" of white women's bodies for the purpose of racial uplift, a project that continued to situate black women as the embodied Other. The author does not address fat from the angle of health or previous attitudes white Europeans held towards corpulence.

    Albert O. Hirschman makes a basic distinction between alternative ways of reacting to deterioration in business firms and, in general, to dissatisfaction with organizations: one, "exit," is for the member to quit the organization or for the customer to switch to the competing product, and the other, "voice," is for members or customers to agitate and exert influence for change "from within." The efficiency of the competitive mechanism, with its total reliance on exit, is questioned for certain important situations. As exit often undercuts voice while being unable to counteract decline, loyalty is seen in the function of retarding exit and of permitting voice to play its proper role. The interplay of the three concepts turns out to illuminate a wide range of economic, social, and political phenomena. As the author states in the preface, "having found my own unifying way of looking at issues as diverse as competition and the two-party system, divorce and the American character, black power and the failure of 'unhappy' top officials to resign over Vietnam, I decided to let myself go a little."

    Both disturbing and illuminating, it immerses readers in the lives of four generations of a poor, African-American family beset with the devastating illnesses that are all too common in America's inner-cities.The story takes place in North Lawndale, a neighborhood that lies in the shadows of Chicago's Loop. Although surrounded by some of the city's finest medical facilities, North Lawndale is one of the sickest, most medically underserved communities in the country. Headed by Jackie Banes, who oversees the care of a diabetic grandmother, a husband on kidney dialysis, an ailing father, and three children, the Banes family contends with countless medical crises. From visits to emergency rooms and dialysis units, to trials with home care, to struggles for Medicaid eligibility, Abraham chronicles their access (or lack of access) to medical care.Told sympathetically but without sentimentality, their story reveals an inadequate health care system that is further undermined by the direct and indirect effects of poverty. When people are poor, they become sick easily. When people are sick, their families quickly become poorer.Embedded in the family narrative is a lucid analysis of the gaps, inconsistencies, and inequalities the poor face when they seek health care. This book reveals what health care policies crafted in Washington, D. C. or state capitals look like when they hit the street. It shows how Medicaid and Medicare work and don't work, the Catch-22s of hospital financing in the inner city, the racial politics of organ transplants, the failure of childhood immunization programs, the vexed issues of individual responsibility and institutional paternalism. One observer puts it this way: "Show me the poor woman who finds a way to get everything she's entitled to in the system, and I'll show you a woman who could run General Motors."Abraham deftly weaves these themes together to make a persuasive case for health care reform while unflinchingly presenting the complexities that will make true reform as difficult as it is necessary. Mama Might Be Better Off Dead is a book with the power to change the way health care is understood in America. For those seeking to learn what our current system of health care promises and what it delivers, it offers a place for the debate to begin.

    Called “the voice of the resistance” by the New York Times, she has emerged as an essential guide to our times, through incisive commentary on feminism, violence, ecology, hope, and everything in between.In this powerful and wide-ranging collection of essays, Solnit turns her attention to the war at home. This is a war, she says, “with so many casualties that we should call it by its true name, this war with so many dead by police, by violent ex-husbands and partners and lovers, by people pursuing power and profit at the point of a gun or just shooting first and figuring out who they hit later.” To get to the root of these American crises, she contends that “to acknowledge this state of war is to admit the need for peace,” countering the despair of our age with a dose of solidarity, creativity, and hope.The loneliness of Donald Trump --Coda (July 16, 2018) --Milestones in misogyny --Twenty million missing storytellers --Ideology of isolation --Naïve cynicism --Facing the furies --Preaching to the choir --Climate change is violence --Blood on the foundation --Death by gentrification: the killing of Alex Nieto and the savaging of San Francisco --No way in, no way out --Bird in a cage: visiting Jarvis Masters on death row --Coda: case dismissed --The monument wars --Eight million ways to belong --The light from Standing Rock --Break the story --Hope in grief --In praise of indirect consequences

    Every day, we are bombarded with dire warnings about America’'s “obesity epidemic.” Close to half of the adult population is dieting, obsessed with achieving an arbitrary “ideal weight.” Yet studies show that a moderately active larger person is likely to be far healthier (and to live longer) than someone who is thin but sedentary. And contrary to what the fifty-billion-dollar-per-year weight-loss industry would have us believe medical science has not yet come up with a way to make people thin. After years spent scrutinizing medical studies and interviewing leading doctors, scientists, eating- disorder specialists, and psychiatrists, Professor Paul Campos is here to lead the backlash against weight hysteria— -- and to show that we can safeguard our health without obsessing about the numbers on the scale. But The Obesity Myth is not just a compelling argument, grounded in the latest scientific research; it’s also a provocative, wry expose of the culture that feeds on our self-defeating war on fat. Campos will show: * How the nation’s most prestigious and trusted media sources consistently misinform the public about obesity * What the movie industry’s love affair with the “fat suit” tells us about the relationship between racial- and body-based prejudice in America * How the skinny elite—with their “supersized” lifestyles and gas-guzzling SUVs —project their anxieties about overconsumption on the poorer and heavier underclass * How weight-loss mania fueled the impeachment of Bill Clinton In this paradigm-busting read, Professor Campos challenges the conventional wisdom regarding the medical, political, and cultural meaning of weight and brings a rational and compelling new voice to America’s increasingly irrational weight debate.

    For decades in rural communities, in university towns, and in New South cities, white women performed myriad duties that upheld white over black: censoring textbooks, denying marriage certificates, deciding on the racial identity of their neighbors, celebrating school choice, canvassing communities for votes, and lobbying elected officials. They instilled beliefs in racial hierarchies in their children, built national networks, and experimented with a color-blind political discourse. Without these mundane, everyday acts, white supremacist politics could not have shaped local, regional, and national politics the way it did or lasted as long as it has.With white women at the center of the story, the rise of postwar conservatism looks very different than the male-dominated narratives of the resistance to Civil Rights. Women like Nell Battle Lewis, Florence Sillers Ogden, Mary Dawson Cain, and Cornelia Dabney Tucker publicized their threats to their Jim Crow world through political organizing, private correspondence, and journalism. Their efforts began before World War II and the Brown decision and persisted past the 1964 Civil Rights Act and anti-busing protests. White women's segregationist politics stretched across the nation, overlapping with and shaping the rise of the New Right. Mothers of Massive Resistance reveals the diverse ways white women sustained white supremacist politics and thought well beyond the federal legislation that overturned legal segregation.

    This timely and provocative work comes to the startling conclusion: more guns mean less crime. In this paperback edition, Lott has expanded the research through 1996, incorporating new data available from states that passed right-to-carry and other gun laws since the book's publication as well as new city-level statistics.“Lott's pro-gun argument has to be examined on the merits, and its chief merit is lots of data…If you still disagree with Lott, at least you will know what will be required to rebut a case that looks pretty near bulletproof.”—Peter Coy, Business Week“By providing strong empirical evidence that yet another liberal policy is a cause of the very evil it purports to cure, he has permanently changed the terms of debate on gun control…Lott's book could hardly be more timely… A model of the meticulous application of economics and statistics to law and policy.”—John O. McGinnis, National Review“His empirical analysis sets a standard that will be difficult to match… This has got to be the most extensive empirical study of crime deterrence that has been done to date.”—Public Choice“For anyone with an open mind on either side of this subject this book will provide a thorough grounding. It is also likely to be the standard reference on the subject for years to come.”—Stan Liebowitz, Dallas Morning News“A compelling book with enough hard evidence that even politicians may have to stop and pay attention. More Guns, Less Crime is an exhaustive analysis of the effect of gun possession on crime rates.”—James Bovard, Wall Street Journal“John Lott documents how far ‘politically correct’ vested interests are willing to go to denigrate anyone who dares disagree with them. Lott has done us all a service by his thorough, thoughtful, scholarly approach to a highly controversial issue.”—Milton Friedman