Minsky (1919-96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the maverick economist's critically valuable insights accessible to general readers for the first time. L. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it.As Wray explains, Minsky's most important idea is that stability is destabilizing: to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky's insight. Wray also introduces Minsky's significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability.A much-needed introduction to an economist whose ideas are more relevant than ever, Why Minsky Matters is essential reading for anyone who wants to understand why economic crises are becoming more frequent and severe--and what we can do about it.

    In just three decades it evolved into the world's second-largest economy and is today guided by highly entrepreneurial bureaucrats. In How China Escaped the Poverty Trap, Yuen Yuen Ang explains this astonishing metamorphosis. Rather than insist that either strong institutions of good governance foster markets or that growth enables good governance, Ang lays out a new, dynamic framework for understanding development broadly. Successful development, she contends, is a coevolutionary process in which markets and governments mutually adapt.By mapping this coevolution, Ang reveals a startling conclusion: poor and weak countries can escape the poverty trap by first harnessing weak institutions—features that defy norms of good governance—to build markets. Further, she stresses that adaptive processes, though essential for development, do not automatically occur. Highlighting three universal roadblocks to adaptation, Ang identifies how Chinese reformers crafted enabling conditions for effective improvisation.How China Escaped the Poverty Trap offers the most complete synthesis to date of the numerous interacting forces that have shaped China’s dramatic makeover and the problems it faces today. Looking beyond China, Ang also traces the coevolutionary sequence of development in late medieval Europe, antebellum United States, and contemporary Nigeria, and finds surprising parallels among these otherwise disparate cases. Indispensable to all who care about development, this groundbreaking book challenges the convention of linear thinking and points to an alternative path out of poverty traps.

    Since then, painting has been declared dead several times over, and contemporary art has now expanded to include just about any object, action, or event: dance routines, slideshows, functional hair salons, seemingly random accretions of waste. In the meantime, being an artist has gone from a join-the-circus fantasy to a plausible vocation for scores of young people in America.But why--and how and by whom--does all this art get made? How is it evaluated? And for what, if anything, will today's artists be remembered? In The Contemporaries, Roger White, himself a young painter, serves as our spirited, skeptical guide through this diffuse creative world.White takes us into the halls of the RISD graduate program, where students learn critical lessons that go far beyond how to apply paint to canvases. In New York, we meet the neophytes who assist established artists--and who walk the fine line between "assistance" and "making the art." In Milwaukee, White trails a group of friends trying to create a viable scene where rent is cheap, but where the spotlight rarely shines. And he gives us an intimate perspective on three wildly different careers: that of Dana Schutz, an emerging star who is revitalizing painting; Mary Walling Blackburn, whose challenging art defies market forces; and Stephen Kaltenbach, a '70s wunderkind who is back on the critical radar, perhaps in spite of his own willful obscurity.From young artists trying to elbow their way in to those working hard at dropping out, White's essential book offers a once-in-a-generation glimpse of the inner workings of the American art world at a moment of unparalleled ambition, uncertainty, and creative exuberance.

    Auditing is perhaps our single best defense in ensuring the integrity of our financial reporting system. That's why this new Eighth Edition of Boynton and Johnson's Modern Auditing focuses on decision making and the critical role auditors play in providing assurance about the integrity of the financial reporting system. Known for its clear writing and accessibility, this text provides comprehensive and integrated coverage of current developments in the environment, standards, and methodology of auditing. Features * Real-world examples relate issues discussed in the chapter to ethics, audit decision making, and the integrity of the financial reporting system. * Focus on Audit Decisions sections highlight key factors that influence an auditor's decisions. * Includes discussion of the role of the Public Company Accounting Oversight Board (PCAOB) Auditing Standards, and a chapter feature highlights PCAOB standards that differ from Generally Accepted Auditing Standards for private companies. * Expanded case material related to the integrated audit case (Mt. Hood Furniture) provides a variety of databases that allow students to utilize generalized audit software (IDEA) to accomplish various audit tasks. Multiple databases allow the case to be reused with different data from term to term. * A flowchart style chapter preview begins each chapter. * Chapter summaries reinforce important audit decisions included in the chapter. * End-of-chapter material organized by audit decisions provides a clear link between audit decisions discussed in each chapter and the problem material.

    This densely researched, compellingly argued book exposes how public-sector unions and their leaders--the "shadowbosses" of the title--are destroying the rule of law, stealing elections, degrading government services, paralyzing public education, and pushing the United States into a grim future of insolvency and decline. Authors Mallory and Elizabeth Factor disturbingly reveal the unions' plan to exert control over Social Security and disability recipients, veterans, and every other group that receives government money. A chilling exposé, SHADOWBOSSES is also a call to citizen action against those who really hold the power in America today.

    270-380 BCE) was classical India's greatest thinker and teacher. Through his unparalleled ability to devise result-oriented military, political, and administrative strategy, he overthrew one king, crowned another and paved the way for the establishment of India's first great empire. His seminal work, the Arthashashtra, arguably the world's first comprehensive treatise on statecraft and governance, was written approximately two thousand years before Machiavelli's The Prince.What would Chanakya do if confronted with the various crises that beset contemporary India? Using this question as the starting point for his new book, celebrated writer and thinker Pavan K. Varma has drawn up a practical and detailed plan, modelled on the Arthashashtra, to bring about reform and change in five key areas that require urgent attention governance, democracy, corruption, security, and the building of an inclusive society. Whether it is laying the foundation for an independent and effective Lokpal, or decriminalizing politics and successfully weeding out the corrupt, the solutions he proposes are substantive, well within the constitutional framework, and can make all the difference between intent and action.Chanakya's New Manifesto is both a call to action as well as a deeply insightful account of the challenges facing the country today. It is a book that should be attentively read by everybody with a stake in India's future.

    This new edition retains the familiar three-part structure - history, institutions, and policies - but incorporates expanded coverage of both enlargement issues and constitutional change. New policy and institutional developments are thoroughly explored, and an entirely new chapter examines the decisionmaking dynamics among the Commission, Council, and Parliament. The completely revised chapter on the complicated EU-U.S. relationship includes discussions of the Bush administration's worldview, the broad repercussions of the terrorist attacks in the United States and Spain, and the ongoing fallout from the war in Iraq.

    Description:- The Lean Startup: How Constant Innovation Creates Radically Successful Businesses The Lean Startup is a new approach to business that's being adopted around the world. It is changing the way companies are built and new products are launched.The Lean Startup is about learning what your customers really want. It's about testing your vision continuously, adapting and adjusting before it's too late. Zero to One: Notes on Start Ups, or How to Build the Future The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. If you are copying these guys, you aren’t learning from them. It’s easier to copy a model than to make something new: doing what we already know how to do takes the world from 1 to n, adding more of something familiar. Every new creation goes from 0 to 1. This book is about how to get there. The 7 Habits of Highly Effective People In THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE Stephen R. Covey presents a holistic, integrated, principle-centred approach for solving personal and professional problems. With penetrating insights and pointed anecdotes, Covey reveals a step-by-step pathway for living with fairness, integrity, honesty and human dignity - principles that give us the security to adapt to change, and the wisdom and power to take advantage of the opportunities that change creates. 'Fundamentals are the key to success. Stephen Covey is the master of them. Buy his book, but most importantly, use it!' - Anthony Robbins, author of UNLIMITED POWER.

    Financial & Accounting jargon is used only where it is required and they are well explained.This book will enable you take business decisions with financial prudence.

    In this first installment of his Pulitzer Prize-winning Freedom from Fear, Kennedy tells how America endured, and eventually prevailed, in the face of that unprecedented calamity. Kennedy vividly demonstrates that the economic crisis of the 1930s was more than a reaction to the excesses of the 1920s. For more than a century before the Crash, America's unbridled industrial revolution had gyrated through repeated boom and bust cycles, consuming capital and inflicting misery on city and countryside alike. Nor was the alleged prosperity of the 1920s as uniformly shared as legend portrays. Countless Americans eked out threadbare lives on the margins of national life. Roosevelt's New Deal wrenched opportunity from the trauma of the 1930s and created a lasting legacy of economic and social reform, but it was afflicted with shortcomings and contradictions as well. With an even hand Kennedy details the New Deal's problems and defeats, as well as its achievements. He also sheds fresh light on its incandescent but enigmatic author, Franklin D. Roosevelt. Marshalling unforgettable narratives that feature prominent leaders as well as lesser-known citizens, The American People in the Great Depression tells the story of a resilient nation finding courage in an unrelenting storm.

    This book integrates theory with facts and covers the research.

    While not practiced everywhere, these ideas have--for the first time in history--no serious rivals. And although the terrorist attacks of September 11, 2001, were terrible and traumatic, they did not "change everything," as so many commentators have asserted. Instead, these events served to illuminate even more brightly the world that emerged from the end of the Cold War. In The Ideas That Conquered the World, Michael Mandelbaum describes the uneven spread (over the past two centuries) of peace, democracy, and free markets from the wealthy and powerful countries of the world's core, where they originated, to the weaker and poorer countries of its periphery. And he assesses the prospects for these ideas in the years to come, giving particular attention to the United States, which bears the greatest responsibility for protecting and promoting them, and to Russia, China, and the Middle East, in which they are not well established and where their fate will affect the rest of the world.Drawing on history, politics, and economics, this incisive book provides a clear and original guide to the main trends of the twenty-first century, from globalization to terrorism, through the perspective of one of our era's most provocative thinkers.

    Based on hundreds of interviews with officials at the IMF, the World Bank, the U.S. Treasury, the Federal Reserve, the White House, and many foreign governments, The Chastening offers a behind-the-scenes look at the Fund during an extraordinarily turbulent period in modern economic history and at a time when the IMF has become the object of intense political controversy. While the IMF and its overseers at the Treasury and the Fed have sought to cultivate an image of economic masterminds coolly dispensing effective economic remedies, the reality is that as markets were sinking and defaults looming, the guardians of global financial stability were often floundering, improvising, and feuding among themselves. The Chastening casts serious doubt on the IMF's ability to combat of investor panics at a time when massive flows of money traverse borders and oceans. A readable, compelling account of the deeply flawed workings of the international political system, The Chastening is vital reading for students and scholars of international diplomacy, government, and economic and public policy.

     Leverage on great companies, churning more and more profits every year

    Recent high-profile bailouts show the walls between government and the private sector are getting thinner each day. Federal control now extends in various ways to education, healthcare, financial markets, real estate, businesses, and religion. And as out-of-control government spending and debt increase accordingly, America is drained of the economic and political strength its people fought and worked so hard to achieve. But it isn’t too late to save the land of the free.Saving Freedom is Senator Jim DeMint’s firsthand account of the unsettling socialist shift—behind-the-scenes actions in Congress that are changing the character of our nation. He illuminates key principles of freedom and how they are being compromised by big government. More important, DeMint lays out a complete action plan to reclaim America’s freedom based on legislation that would reduce debt, fix Social Security, and provide a tax credit for every family to buy health insurance. The plan also emphasizes reversing America’s cultural decline by restoring a strong spirit of God and country.Endorsements:Saving Freedom is a new Declaration of Independence, a call for the American people to reclaim America. Jim DeMint's passion for the cause of individual liberty and person"Saving Freedom is a new Declaration of Independence, a call for the American people to reclaim America. Jim DeMint's passion for the cause of individual liberty and personal responsibility is evident in this manifesto. It needs to be read—and acted upon—by every citizen of this republic."— Newt Gingrich, former Speaker of the U.S. House of Representatives"Jim DeMint has delivered a ‘how to’ plan for avoiding a future that we neither want nor deserve. For those of us who want to keep America the ‘land of the free and the home of the brave,’ Saving Freedom is a must read!"— Oliver North, USMC (Ret.), author of New York Times best seller American Heroes"Once again, as we did in 1776, Americans must choose between freedom and oppression. In Saving Freedom, Jim DeMint describes the clear and present danger posed by big government - and what we must do to preserve individual liberty and personal responsibility. Every American needs to read this book."— Sean Hannity, host of the Sean Hannity Radio Show and Hannity's America on FOX News Channel"It's comforting to know that someone like Jim DeMint is standing in the gap as we see so many of our nation's founding principles eroding. I view Saving Freedom as a blueprint for the effort that all concerned Americans must join to restore and protect the freedoms we depend on."— Steve Forbes, president and chief executive officer of Forbes and editor-in-chief of Forbes magazine