In some ways it is much worse because it has cartelized the management of European monetary regimes and created a terrible moral hazard. With this book, Professor Bagus brings his scholarship to English readers, explaining the background to the idea of European unity and its heritage of sound money. He explains that the Euro is not what the older classical liberals had hoped for but instead is a politically managed money that is destined for failure. He writes with a keen sense for economic analytics and empirical detail, offering one of the most accessible and yet rigorous accounts of the emergence of the Euro. He predicts its downfall due to political pressures, bad banking practices, and exploding public-sector liabilities. The analogies with the dollar are indeed close, but with welfare states at a more advanced stage, it will be a race to see which paper currency will crumble first. Professor Bagus brings theoretical power to investigating one of the most important topics in economics today. His arguments and evidence convinced even Jesus Huerta de Soto to withdraw support for the Euro.

    

    There is nothing wrong with that desire. But you must have known the secrets of avoiding losses. Share Market is a field that has of late developed overwhelmingly. Millions of people invest in it with enthusiasm and are interested in knowing details about this grey area. Sadly, not everyone who invests in it earn profits. Some people who constantly learn end up earning, but those who do not know anything about it and put their trust on luck lose miserably. This book shows the way to avoid losses and increase gains in share market. This comprehensive book touches upon every aspect of stock market investment. A fantastic starting point for anyone aspiring to enter into the unknown world of share market. Even for investors who are already in the market, this book can serve a guide. People say, you either earn or learn in share market. This book preaches the secrets of learning and earning at the same time. This work takes you through an introduction about shares, functioning of share markets, relevance of stock market indices and different approaches for primary & secondary market investments. In also talks about the real qualities of an investor and how he differs from a speculator in the marketplace. Relationship between inflation & investments and the need for achieving inflation adjusted returns are stressed upon. Various stock selection processes, approaches to adapt for different market conditions and more more importantly the art of avoiding losses are discussed in details. You will learn how to analyse a company, its shares, market dynamics, how to value a business, what price to pay for a company etc. All important parameters, numbers and ratios are explained with interesting real time illustrations. Difference between value investing and growth oriented stock selection process is analysed thoroughly, Likewise, fundamental analysis and technical analysis are compared in a rational way. On top of these, this books describe the qualities that differentiate successful investors from ordinary ones. Those qualities are analysed in detail. More importantly, the book stresses the importance of identifying bad companies and unethical management, and teaches how to stay away from them.

    From 1851, in the space of little more than a decade, the world was reshaped by technology, trade, mass migration and war. As instantaneous electric communication bridged the vast gulfs that separated human societies, millions of settlers travelled to the far corners of the Earth, building vast cities out of nothing in lightning-quick time. A new generation of fast steamships and railways connected these burgeoning frontier societies, shrinking the world and creating an interlinked global economy.In the company of fortune-seekers and ordinary migrants, we journey to these rapidly expanding frontiers, savouring the frenetic activity and optimism of the boom-towns of the 1850s in Australia, New Zealand the United States. This is a story not only of rapid progress, but of the victims of an assurgent West: indigenous peoples who stood in the pathways of economic expansion, Asian societies engulfed by the forces of modernisation. We join, among others, Muslim guerrilla fighters in the Caucasus mountains and freelance empire-builders in the jungles of Nicaragua, British free trade zealots preying on China and samurai warriors resisting Western incursions in Japan. No less important are the inventions, discoveries and technologies that powered progress, and the great engineering projects that characterised the Victorian heyday, notably the transatlantic telegraph cable.In a fast-paced, kaleidoscopic narrative, Ben Wilson recreates a time of explosive energy and dizzying change, a rollercoaster ride of booms and bust, witnessed through the eyes of the men and women reshaping its frontiers. At the centre stands Great Britain. The country was the peak of its power between 1851 and the mid-1860s as it attempted to determine the destinies of hundreds of millions of people. Heyday is a dazzlingly innovative take on a period of extraordinary transformation, a little-known decade that was fundamental in the making not only of Britain but of the modern world.

    Perhaps most surprisingly, Pomeranz demonstrates that the Chinese and Japanese cores were no worse off ecologically than Western Europe. Core areas throughout the eighteenth-century Old World faced comparable local shortages of land-intensive products, shortages that were only partly resolved by trade.Pomeranz argues that Europe's nineteenth-century divergence from the Old World owes much to the fortunate location of coal, which substituted for timber. This made Europe's failure to use its land intensively much less of a problem, while allowing growth in energy-intensive industries. Another crucial difference that he notes has to do with trade. Fortuitous global conjunctures made the Americas a greater source of needed primary products for Europe than any Asian periphery. This allowed Northwest Europe to grow dramatically in population, specialize further in manufactures, and remove labor from the land, using increased imports rather than maximizing yields. Together, coal and the New World allowed Europe to grow along resource-intensive, labor-saving paths.Meanwhile, Asia hit a cul-de-sac. Although the East Asian hinterlands boomed after 1750, both in population and in manufacturing, this growth prevented these peripheral regions from exporting vital resources to the cloth-producing Yangzi Delta. As a result, growth in the core of East Asia's economy essentially stopped, and what growth did exist was forced along labor-intensive, resource-saving paths--paths Europe could have been forced down, too, had it not been for favorable resource stocks from underground and overseas.

      The death of the great Tatar emperor Tamerlane in 1405, writes historian John Darwin, was a turning point in world history. Never again would a single warlord, raiding across the steppes, be able to unite Eurasia under his rule. After Tamerlane, a series of huge, stable empires were founded and consolidated— Chinese, Mughal, Persian, and Ottoman—realms of such grandeur, sophistication, and dynamism that they outclassed the fragmentary, quarrelsome nations of Europe in every respect. The nineteenth century saw these empires fall vulnerable to European conquest, creating an age of anarchy and exploitation, but this had largely ended by the twenty-first century, with new Chinese and Indian super-states and successful independent states in Turkey and Iran.  This elegantly written, magisterial account challenges the conventional narrative of the “Rise of the West,” showing that European ascendancy was neither foreordained nor a linear process. Indeed, it is likely to be a transitory phase. After Tamerlane is a vivid, bold, and innovative history of how empires rise and fall, from one of Britain’s leading scholars. It will take its place beside other provocative works of “large history,” from Paul Kennedy’s The Rise and Fall of the Great Powers to David Landes’s The Wealth and Poverty of Nations or Niall Ferguson’s Empire.

    Too many companies and investors haven't yet learned to read the warning signs: their expertise lies much more in economics than politics, and the temptation is to hope that highly volatile situations such as the 2008 Georgia-Russia confrontation will be few and far between. But as Ian Bremmer and Preston Keat demonstrate, these scenarios--and their catastrophic effects on business--happen much more frequently than we imagine. On the curve that charts both the frequency of these events and the power of their impact, the 'tail' of extreme political instability is not reassuringly thin but dangerously fat. This groundbreaking book is the first to both identify the wide range of political risks that global firms face and show investors how to effectively manage them. Written by two of the world's leading figures in political risk management, it reveals that while the world remains exceedingly risky for businesses, it is by no means incomprehensible. Political risk is unpredictable, but it is easier to analyze and manage than most people think. Applying the lessons of world history, Bremmer and Keat survey a vast range of contemporary risky situations, from stable markets like the United States or Japan, where politically driven regulation can still dramatically effect business, to more precarious places like Iran, China, Russia, Turkey, Mexico, and Nigeria, where private property is less secure and energy politics sparks constant volatility. The book sheds light on a wide array of political risks--risks that stem from great power rivalries, terrorist groups, government takeover of private property, weak leaders and internal strife, and even the black swans that defy prediction. But more importantly, the authors provide a wealth of unique methods, tools, and concepts to help corporations, money managers, and policy makers understand political risk, showing when and how political risk analysis works--and when it does not. Authored by Ian Bremmer (author of the bestselling The J-Curve) and Preston Keat, the president and research director (respectively) of Eurasia Group, the world's leading political risk consultancy firm, The Fat Tail is an indispensable guide for anyone involved in the international economy.

    Crossing the Rubicon discovers and identifies key suspects—finding some of them in the highest echelons of American government—by showing how they acted in concert to guarantee that the attacks produced the desired result.Crossing the Rubicon is unique not only for its case-breaking examination of 9/11, but for the breadth and depth of its world picture—an interdisciplinary analysis of petroleum, geopolitics, narcotraffic, intelligence and militarism—without which 9/11 cannot be understood.The US manufacturing sector has been mostly replaced by speculation on financial data whose underlying economic reality is a dark secret. Hundreds of billions of dollars in laundered drug money flow through Wall Street each year from opium and coca fields maintained by CIA-sponsored warlords and US-backed covert paramilitary violence. America’s global dominance depends on a continually turning mill of guns, drugs, oil and money. Oil and natural gas—the fuels that make economic growth possible—are subsidized by American military force and foreign lending.In reality, 9/11 and the resulting “war on terror” are parts of a massive authoritarian response to an emerging economic crisis of unprecedented scale. Peak Oil—the beginning of the end for our industrial civilization—is driving the élites of American power to implement unthinkably draconian measures of repression, warfare and population control. Crossing the Rubicon is more than a story. It is a map of the perilous terrain through which, together and alone, we are all now making our way.Michael C. Ruppert is the publisher and editor of From the Wilderness, a newsletter read by more than 16,000 subscribers in 40 countries. A former Los Angeles Police Department narcotics investigator, he is widely known for his groundbreaking stories on US involvement in the drug trade, Peak Oil and 9/11.

    An invaluable addition to the libraries of instructors, students, and anyone interested in history, government, and anarchist thought.

    During the campaign, not only dreams but also principles, careers & personal relationships are dashed or strengthened. The candidate who survives may be the fittest, or merely the most durable, the most pliable or the luckiest. To a country scarred by scandal, disillusioned by unkept promises & wearied of politics, the '76 presidential election seemed no different from previous ones. But Witcover makes it clear, in this vivid account, that this time it was very different. On the Democratic side the field was wide open. On the Republican side an unelected incumbent faced a strongly partisan challenger in a demoralized & fragmented party. There were more volatile issues, new rules, new influences. In this 1st post-Watergate race it couldn't be politics as usual. The campaign proceeded with a new awareness of the effects of mass-media techniques of propaganda & manipulation, & the role money plays. Marathon is the story of what political life was like from the time the '76 campaign began--for the Democrats in late '72 & for the Republicans within months of Nixon's fall in '74. It's the story of the army of people who took part in the marathon--the chief competitors, the behind-the-scenes enthusiasts, the party pols who organized the race, the people who sustained or tripped up the runners. It's also the story of life on the stump for both candidates & reporters. Morris Udall, Ronald Reagan, Frank Church, Gerald Ford, Henry Jackson & dozens of others--this is the story of their day-to-day experiences fighting for political control & survival. Most important, it's the story of Jimmy Carter--who he is, where he came from & how he reached the finish line. Witcover covered the presidential campaign from start to finish--in interviews with all the candidates (during the primaries, the campaign proper & after the election), scores of campaign aides & key politicians, pollsters, reporters on the trail & voters. His is a detailed account of the major events in politics during the past four years, the issues & nonissues, the personality clashes, the policy debates, the technicalities (His analysis of the new election-finance laws & their effect on politics & the media is essential), &, above all, the participation & response of the voter. Never before was there a presidential race like this one. Never before has there been a book that has told the story so comprehensively & accurately.

    Bernard Wasserstein’s original and provocative book presents a new and disturbing interpretation of the collapse of European Jewish civilization even before the Nazi onslaught.On the Eve is the portrait of a world on the brink of annihilation. In this provocative book, Bernard Wasserstein presents a new and disturbing interpretation of the collapse of European Jewish civilization even before the Nazi onslaught. In the 1930s, as Europe spiraled toward the Second World War, the continent’s Jews faced an existential crisis. The harsh realities of the age—anti-Semitic persecution, economic discrimination, and an ominous climate of violence—devastated Jewish communities and shattered the lives of individuals. The Jewish crisis was as much the result of internal decay as of external attack. Demographic collapse, social disintegration, and cultural dissolution were all taking their toll. The problem was not just Nazism: In the summer of 1939 more Jews were behind barbed wire outside the Third Reich than within it, and not only in police states but even in the liberal democracies of the West. The greater part of Europe was being transformed into a giant concentration camp for Jews. Unlike most previous accounts, On the Eve focuses not on the anti-Semites but on the Jews. Wasserstein refutes the common misconception that they were unaware of the gathering forces of their enemies. He demonstrates that there was a growing and widespread recognition among Jews that they stood on the edge of an abyss. On the Eve recaptures the agonizing sorrows and the effervescent cultural glories of this last phase in the history of the European Jews. It explores their hopes, anxieties, and ambitions, their family ties, social relations, and intellectual creativity—everything that made life meaningful and bearable for them. Wasserstein introduces a diverse array of characters: holy men and hucksters, beggars and bankers, politicians and poets, housewives and harlots, and, in an especially poignant chapter, children without a future. The geographical range also is vast: from Vilna (the “Jerusalem of the North”) to Amsterdam, Vienna, Warsaw, and Paris, from the Judeo-Espagnol-speaking stevedores of Salonica to the Yiddish-language collective farms of Soviet Ukraine and Crimea. Wasserstein’s aim is to “breathe life into dry bones.” Based on comprehensive research, rendered with compassion and empathy, and brought alive by telling anecdotes and dry wit, On the Eve offers a vivid and enlightening picture of the European Jews in their final hour.

    Or do they? In the first intellectual history of neoliberal globalism, Quinn Slobodian follows a group of thinkers from the ashes of the Habsburg Empire to the creation of the World Trade Organization to show that neoliberalism emerged less to shrink government and abolish regulations than to redeploy them at a global level.Slobodian begins in Austria in the 1920s. Empires were dissolving and nationalism, socialism, and democratic self-determination threatened the stability of the global capitalist system. In response, Austrian intellectuals called for a new way of organizing the world. But they and their successors in academia and government, from such famous economists as Friedrich Hayek and Ludwig von Mises to influential but lesser-known figures such as Wilhelm Röpke and Michael Heilperin, did not propose a regime of laissez-faire. Rather they used states and global institutions--the League of Nations, the European Court of Justice, the World Trade Organization, and international investment law--to insulate the markets against sovereign states, political change, and turbulent democratic demands for greater equality and social justice.Far from discarding the regulatory state, neoliberals wanted to harness it to their grand project of protecting capitalism on a global scale. It was a project, Slobodian shows, that changed the world, but that was also undermined time and again by the inequality, relentless change, and social injustice that accompanied it.

    Though spanning less than two decades, these administrations cover a vitally important turning point in world history: the period in which the United States, having emerged from the Cold War with unprecedented power and prestige, managed to squander both in a remarkably short time. This is a tale of decline: from the competent but conventional thinking of the first Bush administration, to the well-intentioned self-indulgence of the Clinton administration, to the mortgaging of America’s future by the “suicidal statecraft” of the second Bush administration. Brzezinski concludes with a chapter on how America can regain its lost prestige. This scholarly yet highly opinionated book is sure to be both controversial and influential.

    Aswath Damodaran is nationally recognized for his teaching approach, using theory and the models that flow from it to understand, analyze and solve problems. He treats corporate finance as a living discipline by making it much more applied than other textbooks. Throughout the text, real companies and real data are used in examples and exercises.

    With the publication of the new European Constitution, authors have condensed some of the early history in order to make space for an examination of the new European Constitution and to argue that in it are all the tricks and traps at the heart of this European Idea and the disastrous consequences.