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.

    When teachers offer themselves as moralists, political activists, or agents of social change rather than as credentialed experts in a particular subject and the methods used to analyze it, they abdicate their true purpose. And yet professors now routinely bring their political views into the classroom and seek to influence the political views of their students. Those who do this will often invoke academic freedom, but Fish argues that academic freedom, correctly understood, is the freedom to do the academic job, not the freedom to do any job that comes into the professor's mind. He insists that a professor's only obligation is "to present the material in the syllabus and introduce students to state-of-the-art methods of analysis. Not to practice politics, but to study it; not to proselytize for or against religious doctrines, but to describe them; not to affirm or condemn Intelligent Design, but to explain what it is and analyze its appeal."Given that hot-button issues such as Holocaust denial, free speech, and the Israeli-Palestinian conflict are regularly debated in classrooms across the nation, Save the World On Your Own Time is certain to spark fresh debate—and to incense both liberals and conservatives—about the true purpose of higher education in America.

    A wave of mass hysteria swept the country, leading to a sensational trial, that culminated in four controversial executions, and dealt a blow to the labor movement from which it would take decades to recover. Historian James Green recounts the rise of the first great labor movement in the wake of the Civil War and brings to life an epic twenty-year struggle for the eight-hour workday. Blending a gripping narrative, outsized characters and a panoramic portrait of a major social movement, Death in the Haymarket is an important addition to the history of American capitalism and a moving story about the class tensions at the heart of Gilded Age America.

    Yet most of us buy goods made by people who aren’t paid for their labor–people who are trapped financially, and often physically. In Nobodies, award-winning journalist John Bowe exposes the outsourcing, corporate chicanery, immigration fraud, and sleights of hand that allow forced labor to continue in the United States while the rest of us notice nothing but the everyday low price at the checkout counter. Based on thorough and often dangerous research, exclusive interviews, and eyewitness accounts, Nobodies/i> takes you inside three illegal workplaces where employees are virtually or literally enslaved. In the fields of Immokalee, Florida, underpaid (and often unpaid) illegal immigrants pick the produce all of us consume, connected by a chain of subcontractors and divisions to such companies as PepsiCo and Tropicana. At the top of the chain are stockholders and politicians; at the bottom is a father of six, one of whose children suffers from leukemia, who entered America only to become the unpaid employee of a labor contractor nicknamed “El Diablo” for his cruelty. In Tulsa, Oklahoma, the John Pickle Company reaped profits for years making pressure tanks used by oil refineries and power plants. Feeling squeezed by foreign competition and government regulations, JPC partnered with an Indian and Kuwaiti firm to import workers from India. Under the guise of a “training program,” fifty-three workers, including college-educated Uday Ludbe, came to the United States, only to have their documents confiscated and to find themselves confined to a factory building. Pickle laid off Americans and paid the Indians three dollars an hour. Saipan, a U.S. commonwealth in the Western Pacific where the author lived for three years, has long been exempted from American immigration controls, tariffs, and federal income tax–a status quo assiduously protected by lobbyist Jack Abramoff and Congressman Tom DeLay. There, garment magnates–selling to clothing giants like the Gap and Target–live in luxury while thousands of foreign factory workers, 90 percent of them female, work sixty-hour weeks for $3.05 an hour and spend weekends trying to trade sex for green cards. The garments they make are allowed to be labeled MADE IN AMERICA.Nobodies is a vivid and powerful work of investigative reporting, but it is also a lively examination of the eternal struggle for power between free people and unfree people. Against the American landscape of shopping mall, outlet stores, and Happy Meals, Bowe reveals how humankind’s darker urges remain alive and well, lingering in the background of every transaction and how understanding them may lead to overcoming them.

    . . story in the detritus of that now-forgotten fire. His trail from that day through poultry economics to a core of new American values is captivating and brilliantly conceived, and will provide readers with insights into our current national politics."--The Washington Post For decades, the small, quiet town of Hamlet, North Carolina, thrived thanks to the railroad. But by the 1970s, it had become a postindustrial backwater, a magnet for businesses searching for cheap labor with little or almost no official oversight. One of these businesses was Imperial Food Products. The company paid its workers a dollar above the minimum wage to stand in pools of freezing water for hours on end, scraping gobs of fat off frozen chicken breasts before they got dipped in battered and fried into golden brown nuggets and tenders. If a worker complained about the heat or the cold or missed a shift to take care of their children or went to the bathroom too often they were fired. But they kept coming back to work because Hamlet was a place where jobs were scarce. Then, on the morning of September 3, 1991, the day after Labor Day, this factory that had never been inspected burst into flame. Twenty-five people--many of whom were black women with children, living on their own--perished that day behind the plant's locked and bolted doors.Eighty years after the Triangle Shirtwaist Fire, industrial disasters were supposed to have been a thing of the past. After spending several years talking to local residents, state officials, and survivors of the fire, award-winning historian Bryant Simon has written a vivid, potent, and disturbing social autopsy of this town, this factory, and this time that shows how cheap labor, cheap government, and cheap food came together in a way that was bound for tragedy.

    The world’s political and corporate leaders are restructuring the planet’s economy and political arrangements in ways that are affecting humans and the environment more than anything since the Industrial Revolution. Global institutions such as GATT, the World Trade Organization, NAFTA, and the World Bank—created with scant public debate or scrutiny—have moved real power away from citizens and nation-states to global bureaucracies, with grave results.The Case Against the Global Economy is the first comprehensive, point-by-point analysis of the global economy, its premises, and its social and environmental implications. Represented here are forty-three leading economic, agricultural, and environmental experts who charge that free trade and economic globalization are producing exactly the opposite results from what has been promised. Contributors include William Greider, Jeremy Rifkin, Ralph Nader, Vandana Shiva, David Korten, Wendell Berry, Kirkpatrick Sale, Herman E. Daly, Richard Barnet, Helena Norberg-Hodge, and more than thirty other analysts of the global economy.

    They famously shuttle coffee in a thousand newsrooms, MPs’ offices, and film sets, but they also deliver aid in Afghanistan, design high-end fashions, and build the human genome. They are of all ages, and their numbers are growing fast in an increasingly bleak economic landscape for young people. A huge and increasing number of internships are illegal under minimum wage law and this mass exploitation saves companies millions each year. Interns enjoy no workplace protections and no standing in courts of law—let alone luxuries such as a living wage.Ross Perlin, a self-confessed intern survivor, has written the first exposé of the brave new world of unpaid work. In this witty, astonishing, and serious investigative work, Perlin takes the reader inside both boutique nonprofits and megacorporations such as Disney. He unmasks a grotesque internship industry where coveted, unpaid placements are auctioned off and universities are complicit in exploiting student labour. He profiles fellow interns, talks to historians about what unleashed this phenomenon, and explains why the intern boom is perverting workplace practices in locations all around the world.Thought-provoking, insightful, and humorous, Intern Nation is an urgent call to overturn the latest racket in unpaid work.

    But to do so robs the millions who suffered in bondage of their full legacy.As historian Edward Baptist reveals in The Half Has Never Been Told, the expansion of slavery in the first eight decades after American independence drove the evolution and modernization of the United States. In the span of a single lifetime, the South grew from a narrow coastal strip of worn-out tobacco plantations to a continental cotton empire, and the United States grew into a modern, industrial, and capitalist economy. Until the Civil War, Baptist explains, the most important American economic innovations were ways to make slavery ever more profitable. Through forced migration and torture, slave owners extracted continual increases in efficiency from enslaved African Americans. Thus the United States seized control of the world market for cotton, the key raw material of the Industrial Revolution, and became a wealthy nation with global influence.Told through intimate slave narratives, plantation records, newspapers, and the words of politicians, entrepreneurs, and escaped slaves, The Half Has Never Been Told offers a radical new interpretation of American history. It forces readers to reckon with the violence at the root of American supremacy, but also with the survival and resistance that brought about slavery’s end—and created a culture that sustains America’s deepest dreams of freedom.

    From the American Revolution through the Civil Rights movement, Americans have long mobilized against political, social, and economic privilege. Hierarchies based on inheritance, wealth, and political preferment were treated as obnoxious and a threat to democracy. Mass movements envisioned a new world supplanting dog-eat-dog capitalism. But over the last half-century that political will and cultural imagination have vanished. Why? The Age of Acquiescence seeks to solve that mystery. Steve Fraser's account of national transformation brilliantly examines the rise of American capitalism, the visionary attempts to protect the democratic commonwealth, and the great surrender to today's delusional fables of freedom and the politics of fear. Effervescent and razorsharp, The Age of Acquiescence is provocative and fascinating.

    Anne Elizabeth Moore, in reports illustrated by top-notch comics creators, pulls at the threads of gender, labor, and cultural production to paint a concerning picture of a human rights in a globalized world. Moore's reporting, illustrated by members of the Ladydrawers Comics Collective, takes the reader from the sweatshops of Cambodia to the traditional ateliers of Vienna, from the life of a globetrotting supermodel to the warehouses of large clothing retailers, from the secondhand clothing industry to the politics of the sex trade. With thoughtful illustrations of women's stories across the sex and garment supply chain, this book offers a practical guide to a growing problem few truly understand.Featuring the work of Leela Corman, Julia Gfrörer, Simon Häussle, Delia Jean, Ellen Lindner, and Melissa Mendes.

    Pearce deftly shows us the hidden worlds that sustain a Western lifestyle, and he does it by examining the sources of everything in his own life; as an ordinary citizen of the Western world, he, like all of us, is an "eco-sinner." In Confessions of an Eco-Sinner, Pearce surveys his home and then launches on a global tour to track down, among other things, the Tanzanians who grow and harvest his fair-trade coffee (which isn't as fair as one might hope), the Central American plantations that grow his daily banana (a treat that may disappear forever), the women in the Bangladeshi sweatshops who sew his jeans, the Chinese factory cities where the world's computers are made, and the African afterlife for old cell phones. It's a fascinating portrait, by turns sobering and hopeful, of the effects the world's more than 6 billion inhabitants-all eating, consuming, making-have on our planet, and of the working and living conditions of the people who produce most of these goods.

    Freedom of speech and religion. In the name of the Four Freedoms they fought the Great Depression. In the name of the Four Freedoms they defeated the Axis powers. In the process they made the United States the richest and most powerful country on Earth. And, despite a powerful, reactionary opposition, the men and women of the Greatest Generation made America freer, more equal, and more democratic than ever before. Now, when all they fought for is under siege, we need to remember their full achievement, and, so armed, take up again the fight for the Four Freedoms.

    He stooped over lettuce fields in Arizona, and worked the graveyard shift at a chicken slaughterhouse in rural Alabama. He dodged taxis—not always successfully—as a bicycle delivery “boy” for an upscale Manhattan restaurant, and was fired from a flower shop by a boss who, he quickly realized, was nuts.As one coworker explained, “These jobs make you old quick.” Back spasms occasionally keep Thompson in bed, where he suffers recurring nightmares involving iceberg lettuce and chicken carcasses. Combining personal narrative with investigative reporting, Thompson shines a bright light on the underside of the American economy, exposing harsh working conditions, union busting, and lax government enforcement—while telling the stories of workers, undocumented immigrants, and desperate US citizens alike, forced to live with chronic pain in the pursuit of $8 an hour.

    The only way to save the American economy, pundits claim, is to weaken the labor movement, strip workers of collective bargaining rights, and champion private industry. In "They're Bankrupting Us!": And 20 Other Myths about Unions, labor leader Bill Fletcher Jr. makes sense of this debate as he unpacks the twenty-one myths most often cited by anti-union propagandists. Drawing on his experiences as a longtime labor activist and organizer, Fletcher traces the historical roots of these myths and provides an honest assessment of the missteps of the labor movement. He reveals many of labor's significant contributions, such as establishing the forty-hour work week and minimum wage, guaranteeing safe workplaces, and fighting for equity within the workforce. This timely, accessible, "warts and all" book argues, ultimately, that unions are necessary for democracy and ensure economic and social justice for all people.

    Don’t retreat. Fight back.The stunning election of Donald J. Trump rocked an already divided America and left scores of citizens, including the nearly sixty-five million voters who supported Hillary Clinton, feeling bereft and powerless. Now, Gene Stone, author of The Bush Survival Bible, offers invaluable guidance and concrete solutions they can use to make a difference in this serious call-to-arms—showing them how to move from anger and despair to activism as the Trump presidency is in full swing and he signs one executive order after another.  Before we can successfully engage, we need to be clear about the battles ahead. Stone outlines political and social concepts—including such issues as Civil Rights, Women’s Rights, the Environment, Obamacare, International relations, and LGBTQ Rights—providing a brief history of each, a refresher on Obama's policies, and an analysis of what Trump’s administration might do. Stone then provides an invaluable guide for fighting back—referring to organizations, people, sites, and countless other resources that support positive and possible goals.While marches and social media are important forms of protest, concrete actions achieve real change. Positive and reinforcing, The Trump Survival Guide presents the essential information we need to effectively make our voices heard and our power felt.