Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people’s money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate ‘Too Big to Fail.’ That perception allows the largest financial institutions to continue to gamble with taxpayer money.

    Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system.Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets--most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.

    It’s the dream of a country where, if you work hard and play by the rules, you can live with dignity, provide for your family, prosper, and give your children a better life. It’s also the uniting principle that a country that strives for greatness must also take care of its most vulnerable in times of hardship and need. But right now the American Dream is an illusion. Tens of millions of willing workers can’t find jobs. Millions of homeowners have lost their homes to foreclosure and millions more are underwater. Instead of investing in our shared future, politicians are giving tax breaks to the rich and then slashing vital services families depend on. Rather than expanding protections for the middle class during these difficult economic times, workers rights are being gutted and public unions are under siege. But a new movement - Rebuild the Dream — is rising all across America. It’s a movement that is growing stronger by the day, and will continue to gain momentum until regular Americans can find jobs, afford to go to college, retire with dignity, and secure a future for their children and their communities.It was born among the teachers, students, firefighters and nurses of Wisconsin who took over their Capitol to stop Governor Walker’s power grab. Now it’s spreading as millions of other Americans–inspired by the events in Madison, Wisconsin–stand up to say “No” to right-wing attacks on the middle class. Van Jones – bestselling author, former Green Jobs Czar to President Obama, and human rights pioneer – is channeling this new wave of energy. Rebuild The Dream – part memoir, part manifesto – forms the core of this exciting movement. Rather than casting today’s political battles as familiar fights between liberals and conservatives, or even as a tug of war between Wall Street and Main Street, Jones presents the conflict in more dire terms: cheap patriotism versus deep patriotism. At stake: the survival of the American Dream itself.Outraged by the escalating attacks on America’s middle class and working families, Rebuild the Dream issues a bold defense of the progressive values that made the 20th Century an American Century. Rejecting the fashionable mantra of cut-backs and austerity, Jones makes the case for public policies and investments that will create 10 million, good-paying American jobs. Along the way, he argues that the 21st Century can be the Second American Century, if the deep patriots stay true to the American ideal of “liberty and justice for all.” And perhaps most surprisingly – Jones extracts powerful insights from the success of the tea party movement.In Rebuild the Dream, Jones spells out how a renewed movement, grounded in tough-minded American idealism, can once again inspire millions to come together and offer real solutions to America’s toughest problems.

    Today, as much of the world succumbs to authoritarianism and democracy is undermined from its heart, Germany stands as a bulwark for decency and stability.Mixing personal journey and anecdote with compelling empirical evidence, this is a searching and entertaining exploration of the country many in the West still love to hate. Raising important questions for our post-Brexit landscape, Kampfner asks why Germany has become a model for others to emulate, while Britain still languishes in wartime nostalgia and fails to tackle contemporary challenges. Part memoir, part history, part travelogue, Why the Germans Do It Better is a rich and witty portrait of an eternally fascinating country.

    In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. This revised and updated edition includes commentary on hot topics such as automation, trade, income inequality, and America’s rising debt. Ten years after the financial crisis, Naked Economics examines how policymakers managed the worst economic crisis since the Great Depression.Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives you the tools to engage with pleasure and confidence in the deeply relevant, not so dismal science.

    THERE IS NO ORIGINAL CONTENT IN THIS PUBLICATION.Enron: The Smartest Guys in the Room is a 2005 documentary film based on the best-selling 2003 book of the same name by Fortune reporters Bethany McLean and Peter Elkind, a study of one of the largest business scandals in American history. McLean and Elkind are credited as writers of the film alongside the director, Alex Gibney. The film examines the 2001 collapse of the Enron Corporation, which resulted in criminal trials for several of the company's top executives; it also shows the involvement of the Enron traders in the California electricity crisis. The film features interviews with McLean and Elkind, as well as former Enron executives and employees, stock analysts, reporters and the former Governor of California Gray Davis. The film won the Independent Spirit Award for Best Documentary Feature and was nominated for Best Documentary Feature at the 78th Academy Awards in 2006.

    "A balanced and novel treatment of a very important set of questions. This is a book of grand scope by an outstanding scholar."—Samuel Bowles, University of Massachusetts, Amherst "Anyone who wants to know more about the market system’s plusses and minuses, how government can help or hinder its workings, and the direction in which it is likely to move should read this clear, fair, and fascinating book."—Robert Heilbroner, professor emeritus, New School University"The Market System resplendently assesses the character, rules, advantages, and shortcomings of the central institution coordinating modern economic and social life. Lindblom marshals his incisive intellect, uncommon range, and pellucid prose to clarify, probe, and exhort. The result is an unsurpassed guide."—Ira I. Katznelson, Columbia University

    The bad news is that these turn out to be the very things most discouraged by contemporary culture. This knotty dilemma is the subject of The Age of Absurdity - a wry and accessible investigation into how the desirable states of wellbeing and satisfaction are constantly undermined by modern life. Michael Foley examines the elusive condition of happiness common to philosophy, spiritual teachings and contemporary psychology, then shows how these are becoming increasingly difficult to apply in a world of high expectations. The common challenges of earning a living, maintaining a relationship and ageing are becoming battlegrounds of existential angst and self-loathing in a culture that demands conspicuous consumption, high-octane partnerships and perpetual youth. In conclusion, rather than denouncing and rejecting the age, Foley presents an entertaining strategy of not just accepting but embracing today's world - finding happiness in its absurdity.

    What they had in common was their aftermath -- each required compensation for lives lost, bodies maimed, livelihoods wrecked, economies and ecosystems upended. In each instance, an objective third party had to step up and dole out allocated funds: in each instance, Presidents, Attorneys General, and other public officials have asked Kenneth R. Feinberg to get the job done. In Who Gets What?, Feinberg reveals the deep thought that must go into each decision, not to mention the most important question that arises after a tragedy: why compensate at all? The result is a remarkably accessible discussion of the practical and philosophical problems of using money as a way to address wrongs and reflect individual worth.