It has crippled the country’s economy for a long time to come. In this book, Arun Kumar, the country’s leading authority on the black economy, tells us why Modi’s gambit failed. He shows us the way in which the problem can be rooted out, provided the government has the political will and determination to act.Today, the black economy is estimated to be 62 per cent of GDP—or about `93 lakh crore ($1.4 trillion). Corrupt businessmen, corrupt politicians, and corrupt members of the executive (bureaucrats, police and the judiciary) are responsible for controlling the black economy and enabling its growth. If the black economy were to be dismantled and turned into a part of the ‘white’ economy, the country’s rate of growth would be 12 per cent. If it had not grown the way it has since the 1970s, India’s per capita income today would be approximately `7 lakh per annum ($11,000) and India would become the second largest economy in the world. If the black economy were taxed at current rates, it would generate `37 lakh crore in additional taxes and the union budget would show a surplus of `31 lakh crore instead of a deficit.The failure of successive governments to tackle the problem effectively has been the single biggest obstacle to eradicating poverty. It is the cause of both widespread policy failure and the inability of the nation to improve its living conditions rapidly.

    Universe, and the Terminator. Now he answers to "Governor." From humble beginnings in a small Austrian village, Arnold Schwarzenegger pumped himself into the greatest bodybuilder in history, the biggest movie star in the world, and a political force to be reckoned with--all with raw ambition and driving self-confidence. In Fantastic, esteemed biographer Laurence Leamer captures Arnold's amazing story as no one else could. Drawing on unprecedented interviews with Arnold, his wife Maria Shriver, and Arnold's friends, family, lovers, competitors, business partners, and political adversaries, Leamer offers a brilliant, uniquely detailed portrait of this self-made man who married a Kennedy princess and scaled the heights of America's elite. Readers will discover:· A troubled youth: growing up the son of a strict former Nazi and overcoming adversity by discovering the potential of weight training· The superhuman: the arrogant showman who revolutionized bodybuilding--and his astounding string of Mr. Olympia titles· Blockbuster stardom: why a heavy accent and wooden acting style couldn't keep Arnold and his publicist from marketing him into the world's largest grossing film icon · The unlikeliest Kennedy: his marriage to Maria Shriver and her role in Arnold's rise to governor of the Golden State...and more!

    Conservatively, Rs. 15 lakh crore (10 per cent of Rs. 150 lakh crore, our GDP in 2016-17). As for Indian money in tax havens around the world? Around Rs. 65 lakh crores. Truly astounding figures. Black money or kala dhan is a topic that has elicited much debate in recent times. The debate has been mostly marked by mud-slinging and name-calling and the discussions that have ensued often have no basis in fact. While most people have a hazy notion of black money, only a few understand it in its entirety. The issue of tax havens is perhaps even more misunderstood. Most people fail to see the connection between tax havens and black money. Black Money and Tax Havens is the first work that discusses both of these issues in depth and offers a 360-degree view to the reader. In this work, Prof. R. Vaidyanathan provides the reader with a brief overview of black money—its generation, its estimates and how and why it is spirited away to tax havens. He also lays bare the danger that is posed to world financial well-being on account of the lack of political will to tackle them. A unique and timely work that packs in much information in an accessible manner.

    The profound transformations in government and society during the revolution forced the French to come up with new ways of thinking about their place in the world and led to what we know today as liberalism, conservatism, terrorism, and nationalism.

    Williams destroys a number of prevailing social myths and explains why the nature of congressmen is not to act in the national interest.

    But often, a company's published accounts offer clues to impending disaster, providing you know where to look. Through the forensic examination of more than 20 recent stock market disasters, Tim Steer reveals how companies hide or disguise worrying facts about the robustness of their business. In his lively style, he looks at the themes that underlie the ways companies hide the truth and he stresses that in an assessment of a company's accounts, investors should always bear in mind that the only fact is cash; everything else - profit, assets, etc - is a matter of opinion. Full of invaluable lessons for investors, the book concludes with some trenchant observations on what is wrong in the worlds of investment, audit and financial regulation, and what changes should be introduced.

    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.

    

    Please note this book only contains two words and is entirely satire.

    Non fiction piece on Sardar Sarovar (Narmada) Project published in 1999.

    Minsky's view [of economics] is more relevant than ever."- The New York Times"Indeed, the Minsky moment has become a fashionable catch phrase on Wall Street."-The Wall Street JournalJohn Maynard Keynes offers a timely reconsideration of the work of the revered economics icon. Hyman Minsky argues that what most economists consider Keynesian economics is at odds with the major points of Keynes's The General Theory of Employment, Interest, and Money. Keynes and Minsky refuse to ignore pervasive uncertainty. Once uncertainty is given center stage, recurring episodes of financial system crises are all but inescapable. As Robert Barbera notes in a new preface, "Benign economic circumstances...invite increasingly aggressive financial market wagers. Innovation in finance is a signature development in a capitalist economy. Once leveraged wagers are in place, small disappointments can have exaggerated consequences." Thus for Minsky economic calm on Main Street engenders financial system fragility which, in turn, ensures a perpetuation of boom and bust cycles.Minsky colleagues Dimitri B. Papadimitriou and L. Randall Wray write in a new introduction, "We offer this new edition, in the hope that it will contribute to the reformation of economic theory so that it can address the world in which we actually live-the world that was always the topic of Minsky's analysis."

    By the nineteenth century British economist and author of The English Constitution. A valuable financial work.

    The grown-ups fight, steal, get drunk, get arrested, and then give you a hard time for taking drugs.

    A. Hayek was one of the great thinkers of the 20th century, but up to now there has been no book for the non-specialist that describes his ideas and explains their significance. Eamonn Butler's clear, systematic, perceptive study fills this gap. Starting with a short survey of Hayek's life, Dr. Butler goes on to analyze all the main elements in his thought under six basic headings: Understanding How Society Works; The Market Process; Hayek's Critique of Socialism; Criticism of Social Justice; The Institutions of a Liberal Order; and The Constitution of a Liberal State.Hayek's influence in helping a generation to understand the nature of society and the errors of collectivism goes far beyond that of any other writer of his period. Having been decades ahead of his time when he began to write, Hayek is proving to be one of the most seminal thinkers of our age.

    This outstanding history illustrates the utter futility of fighting the market process through legislation, which always uses despotic measures to yield socially catastrophic results.The book covers the ancient world, the Roman Republic and Empire, Medieval Europe, the first centuries of the United States and Canada, the French Revolution, the 19th century, World Wars I and II, the Nazis, the Soviets, postwar rent control, and the 1970s. It also includes a very helpful conclusion spelling out the theory of wage and price controls.This book is a treasure, and super entertaining!To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI