Paul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and warned that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback.In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible. In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style-lucid, lively, and supremely informed - this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.
What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.
The Second Edition of The Handbook of Community Practice is expanded and updated with a major global focus and serves as a comprehensive guidebook of community practice grounded in social justice and human rights. It utilizes community and practice theories and encompasses community development, organizing, planning, social change, policy practice, program development, service coordination, organizational cultural competency, and community-based research in relation to global poverty and community empowerment. This is also the first community practice text to provide combined and in-depth treatment of globalization and international development practice issues—including impacts on communities in the United States and on international development work. The Handbook is grounded in participatory and empowerment practices, including social change, social and economic development, feminist practice, community-collaborative, and engagement in diverse communities. It utilizes the social development perspective and employs analyses of persistent poverty, asset development, policy practice, and community research approaches as well as providing strategies for advocacy and social and legislative action. The handbook consists of forty chapters which challenge readers to examine and assess practice, theory, and research methods. As it expands on models and approaches, delineates emerging issues, and connects policy and practice, the book provides vision and strategies for local to global community practice in the coming decades. The handbook will continue to stand as the central text and reference for comprehensive community practice, and will be useful for years to come as it emphasizes direction for positive change, new developments in community approaches, and focuses attention on globalization, human rights, and social justice. It will continue to be used as a core text for multiple courses within programs, will have long term application for students of community practice, and will provide practitioners with new grounding for development, planning, organizing, and empowerment and social change work.
Innovative approaches to putting asset allocation intopractice Building on more than 15 years of asset-allocation research,Paul D. Kaplan, who led the development of the methodologies behindthe Morningstar Rating(TM) and the Morningstar Style Box(TM),tackles key challenges investor professionals face when puttingasset-allocation theory into practice. This book addresses commonissues such as: How should asset classes be defined? Should equities be divided into asset classes based oninvestment style, geography, or other factors? Should asset classes be represented by market-cap-weightedindexes or should other principles, such as fundamental weights, beused? How do actively managed funds fit into asset-class mixes? Kaplan also interviews industry luminaries who have greatlyinfluenced the evolution of asset allocation, including HarryMarkowitz, Roger Ibbotson, and the late Benoit Mandelbrot.Throughout the book, Kaplan explains allocation theory, creates newstrategies, and corrects common misconceptions, offering originalinsights and analysis. He includes three appendices that put theoryinto action with technical details for new asset-allocationframeworks, including the next generation of portfolio constructiontools, which Kaplan dubs "Markowitz 2.0."
The contributors show that digital media are disrupting entire media industries, but without erasing the past and insist that one media sector is not the same as the next. As the title signals even in the age of convergence and remix culture, different media continue to display their own distinctive political economies.
We have just experienced the worst financial crash the world has seen since the Great Depression of the 1930s. While real economies in general did not crash as they did in the 1930s, the financial parts of the economy certainly did, or, at least, came very close to doing so. Hundreds of banks in the United States and Europe have been closed by their supervisory authorities, forcibly merged with stronger partners, nationalized or recapitalized with the tax payers' money. Banks and insurance companies had, by mid 2010, already written off some 2000 billion dollars in credit write-downs on loans and securities. In this book, Johan Lybeck draws on his experience as both an academic economist and a professional banker to present a detailed yet non-technical analysis of the crash. He describes how the crisis began in early 2007, explains why it happened and shows how it compares to earlier financial crises.
Learning from the Successes and Failures of the New Deal
Author: Sheila D. Collins
Publisher: Oxford University Press
Category: Social Science
When Government Helped systematically evaluates some parallels between The Great Depression and the 2007-2008 global economic meltdown, not only in terms of their economic causes and consequences, but also in terms of their political and cultural contexts and the environmental crises that afflict both periods. The positive and negative lessons for contemporary policy-making are evaluated by a multidisciplinary team of authors across a range of policy arenas. This book is a unique blend of disciplines that presents a new set of guideposts--some beneficial, some cautionary--for the future.
One of the first books to analyze business and financial aspects of sustainable transport and fuels systems and provides novel insights for researchers, managers, and politicians who work in energy and sustainability related areas.
Economic Inequality and What YOU Can Do About It: A Primer and Call to Action! has been written to appeal to a broad, intelligent, thoughtful, and open-minded readership. Professional jargon is avoided and the author relies on common sense and down-to-earth sociology to make his case. An independent anonymous reviewer wrote "Economic Inequality is an informative, persuasive, and concise book that balances the thin line between detailed information and a fun reading experience. It is clear that the author has done an exhaustive amount of research on the topic and his expertise pulls the reader through the book. His humor and experience as a teacher helps to lighten the mood on what could otherwise be a dry topic. The questions immersed in each chapter are interesting and insightful. The writing is unexpectedly light, friendly, and fun. His teaching skills allow the reader to experience the book as if being instructed in a classroom and makes the proceeding calculations more fun. It is a wonderful book." Henry Mannle exclaimed "It's the rebuttal to Adam Smith. Well written, easy to follow and interesting without ideological harping! High points are the significance of the Gini ratios and the concept of relative deprivation."