“Lucid, quietly urgent, and relentlessly logical . . . this is Bigthink with a capital B.” —The New York Times Book Review “Common Wealth explains the most basic economic reckoning that the world faces.” —Al Gore, winner of the 2007 Nobel Peace Prize and former vice president of the United States In Common Wealth, Jeffrey D. Sachs-one of the world's most respected economists and the author of The New York Times bestseller The End of Poverty- offers an urgent assessment of the environmental degradation, rapid population growth, and extreme poverty that threaten global peace and prosperity. Through crystalline examination of hard facts, Sachs predicts the cascade of crises that awaits this crowded planet-and presents a program of sustainable development and international cooperation that will correct this dangerous course. Few luminaries anywhere on the planet are as schooled in this daunting subject as Sachs, and this is the vital product of his experience and wisdom.

In this passionate and powerful book--part manifesto, part plan of action--the renowned economist Jeffrey D. Sachs offers a practical strategy to move America, seemingly more divided than ever, toward a new consensus: sustainable development. Sustainable development is a holistic approach that emphasizes economic, social, and environmental objectives in shaping policy. In focusing too much on economic growth, the United States has neglected rising economic inequality and dire environmental threats. Now, even growth is imperiled. Sachs explores issues that have captivated the nation and political debate, including infrastructure, trade deals, energy policy, the proper size and role of government, the national debt, and income inequality. Not only does he provide illuminating and accessible explanations of the forces at work in each case, but he also presents specific policy solutions. His argument rises above the pessimism born of political paralysis, economic stagnation, and partisanship to devise a brighter way forward, achievable both individually and collectively. In Building the New American Economy , Sachs shows how the United States can find a path to renewed economic progress that is fair and environmentally sustainable.

The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system. Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.

"Many of the great legislative achievements of the past sixty years stem from FDR's 1944 State of the Union address. This book that argues for a new vision of FDR and of constitutional history"-- Provided by publisher.

A landmark study in the history of working class labour organisations, WORLDS OF LABOUR is a sequel to the author's widely acclaimed LABOURING MEN. WORLDS OF LABOUR is a series of studies that considers the formation and evolution of working classes in the period between the late eighteenth century and the mid-twentieth, scrutinising their 'consciousness', ways of life and the movements they generated. The emphasis throughout the study is on the way labour organisations, policies and ideas were rooted in the everyday reality of working class life. In the process, leading Marxist historian Eric Hobsbawm reveals the daily struggles of working class militants, many of whom are still unknown to the modern world. The result is a book that is expansive in scope, but fluent and clear in detail. It will serve as a valuable source of reference to those with an academic interest in the subject, and as an inspiration to those who simply wish to discover the development of working class movements.

An unsparing, incisive, yet ultimately hopeful look at how we can shed the American obsession with self-reliance that has made us less healthy, less secure, and less fulfilled The promise that you can "pull yourself up by your bootstraps" is central to the story of the American Dream. It's the belief that if you work hard and rely on your own resources, you will eventually succeed. However, time and again we have seen how this foundational myth, with its emphasis on individual determination, brittle self-sufficiency, and personal accomplishment, does not help us. Instead, as income inequality rises around us, we are left with shame and self-blame for our condition. Acclaimed journalist Alissa Quart argues that at the heart of our suffering is a do-it-yourself ethos, the misplaced belief in our own independence and the conviction that we must rely on ourselves alone. Looking at a range of delusions and half solutions--from "grit" to the false Horatio Alger story to the rise of GoFundMe--Quart reveals how we have been steered away from robust social programs that would address the root causes of our problems. Meanwhile, the responsibility for survival has been shifted onto the backs of ordinary people, burdening generations with debt instead of providing the social safety net we so desperately need. Insightful, sharply argued, and characterized by Quart's lively writing and deep reporting, and for fans of Evicted and Nickel and Dimed, Bootstrapped is a powerful examination of what ails us at a societal level and a plan for how we can free ourselves from these self-defeating narratives.

In this compelling argument for a new direction in US energy policy, world-renowned engineer and best-selling author Robert Zubrin lays out a bold plan for breaking the economic stranglehold that the OPEC oil cartel has on our country and the world. Zubrin presents persuasive evidence that our decades-long relationship with OPEC has resulted in the looting of our economy, the corruption of our political system, and now the funding and protection of terrorist regimes and movements that are committed to our destruction.Zubrin's plan is straightforward and practical. He argues that if Congress passed a law requiring that all new cars sold in the USA be flex-fueled-that is, able to run on any combination of gasoline or alcohol fuels-this one action would destroy the monopoly that the oil cartel has maintained on the globe's transportation fuel supply, opening it up to competition from alcohol fuels produced by farmers worldwide. According to Zubrin's estimates, within three years of enactment, such a regulation would put 50 million cars on the road in the USA capable of running on high-alcohol fuels, and at least an equal number overseas. He further advocates tariff policies favoring alcohol over petroleum imports.Energy Victory offers an exciting vision for a dynamic, new energy policy, which will not only go a long way toward safeguarding homeland security in the future but will also provide solutions for global warming and Third World development.

It is widely acknowledged among economists today that their discipline is in a state of some disarray. Behind the controversies particular to the times lies a fundamental crisis of thought, rooted in the increasingly apparent inadequacy of the neoclassical approach that has been dominant for some fifty years. The failure to impose such a formalistic framework has fostered the return from the wilderness of the subjectivist Austrian School of economics and renewed debate on the nature of markets and the predictability of economic phenomena. Until recently subjectivist economics has been largely ignored by mainstream economists. But as the dominant neoclassical, Keynesian, and monetarist approaches have each been championed in turn only to be found wanting at the end of the day, the Austrian approach has come to seem increasingly promising. In this book, first published in 1986 and now reprinted with a new foreword from Solomon M. Stein and Virgil Henry Storr, Ludwig M. Lachmann presents his case for viewing economic events as elements within an ongoing process dependent on human actions in a world where the future, though not unimaginable, is unknowable. In stark contrast to the mechanistic world view of mainstream orthodoxy, his perspective takes due account of the complex workings of the human mind. His insistence on the variety of ways in which markets may function warns against elevating any "process" theory to the levels of abstraction characteristic of neoclassical equilibrium theory. Drawing easily on the classics as well as the most recent theoretical developments, Lachmann sheds new light on each of the areas he discusses. Ludwig M. Lachmann (1906-1990) witnessed and participated in numerous controversies for over fifty years as a leading member of the Austrian School, while remaining receptive to ideas from a diversity of disciplines and schools of thought. He studied under F. A. Hayek at the London School of Economics in the 1930s, and was a distinguished member of the Austrian School of economics and has played an active part in its revival over the past ten years. His previous publications include Capital and its Structure (1956), The Legacy of Max Weber (1970), and Capital Expectations and the Market Process (1977).

2015 Reprint of 1951 Edition. Full facsimile of the original edition. Not reproduced with Optical Recognition Software. First published in 1913 and generally held to be her finest achievement, this volume reveals Luxemburg as a Marxist critical of Karl Marx. It offers a theory of the dynamic development of capitalism which is of continued relevance to contemporary scholarship. Taking Marx as her starting point, she offers an independent and fiercely critical explanation of the economic and political consequences of capitalism in the context of the turbulent times in which she lived, reinterpreting events in the United States, Europe, China, Russia and the British Empire. Most today believe there is no alternative to global capitalism. This book is a timely and forceful statement of an opposing view. Rosa Luxemburg was born in 1870 in Russian Poland. She was murdered in Germany while on way to prison. Contains an introduction by Joan Robinson.

Force, Fate, and Freedom serves as an introduction to historical sociology, as well as a critical analysis of the belief in economic and political progress through social knowledge. Reinhard Bendix offers a development of the historicist approach to social change first championed by Max Weber, and presents an overview of the foundations of political authority in Japan, Russia, Germany, France, and England.

A visionary social thinker reveals how the addition of one hundred million Americans by midcentury will transform the way we live, work, and prosper. In stark contrast to the rest of the world's advanced nations, the United States is growing at a record rate, and, according to census projections, will be home to four hundred million Americans by 2050. Drawing on prodigious research, firsthand reportage, and historical analysis, acclaimed forecaster Joel Kotkin reveals how this unprecedented growth will take shape-and why it is the greatest indicator of the nation's long-term economic strength. At a time of great pessimism about America's future, The Next Hundred Million shows why the United States will emerge a stronger and more diverse nation by midcentury.

CONTENTS: Introduction - Labour, Necessary product, Surplus Product - Exchange, Commodity, Value - Money, Capital, Surplus-value - The Development of Capital - The Contradictions of Capitalism - Trade - Credit - Money - Agriculture- Reproduction and the Growth of National Income - Periodical Crises - Monopoly Capitalism - Imperialism - The Epoch of Capitalist Decline - The Soviet Economy - The Economy of the Transition Period - Socialist Economy - Origin, Rise and Withering Away of Political Economy- Bibliography - Index

This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.

Beginning with the new worlds of the Renaissance and the Reformation, this book traces the growth of liberal doctrine through the advent of the French Revolution. It shows the relationship of liberalism to the emerging economic system of capitalism, and the impact of this relationship upon science, philosophy, and literature. Laski explains how the same causes which produced the socially active aspect of liberalism also inspired the growth of socialism. The contributions of men like Machiavelli, Locke, and Voltaire, the influence of the voyages of discovery, and the effect of the Puritan Rebellion are among the special topics discussed. The Rise of European Liberalism is a historical survey of the development of liberal thought, from its earliest whispers in early Protestantism to its significance in the "Red Decade" of the 1930s. Laski argues that liberalism as a philosophy came into existence with the rise of capitalism and thus functions primarily as an ideological defense of private property in a business civilization. Hence, liberalism's progressive side is doomed to defeat because, throughout its history, the bourgeois nature of the ideology has always prevailed. In the new introduction, John Stanley traces the history and influences of Laski's thought and provides a detailed analysis of Laski's work. The essay provides a coherent study in itself of why Laski is better remembered than widely read. The Rise of European Liberalism is a classic text that deserves rediscovery for historians, philosophers, sociologists, and political scientists of the present day.

The period from 1509 to 1688 was one of great social turbulence in Britain, and a key period in the history of political thought. This work covers the major themes of the time, including conceptions of the state and of natural rights, consent and property. It provides an examination of the main texts, situating them in their social and historical context. It looks at the role of the canonical thinkers - Thomas More, Hobbes, and Locke - and the participation of Sir Thomas Smith and radical thinkers such as the Levellers. These figures are viewed in the context both of their time, and of the wider social, economic and political arena. The authors set out to show how specific patterns of historical development relate to distinctive traditions in political thought.

Isaak Illich Rubin (12 June 1886, Dinaburg, now Latvia - 27 November 1937, Aktobe, now Kazakhstan) was a Soviet Marxian economist. His main work Essays on Marx's Theory of Value was published in 1924. He was executed in 1937 during the course of the Great Purge, but his ideas have since been rehabilitated. Rubin's main work emphasised the importance of Marx's theory of commodity fetishism in the labor theory of value. Against those who counterposed Marx's early interest in alienation with his later economic theory, Rubin argued that Marx's mature economic work represented the culmination of his lifetime project to understand how human creative power is shaped, defined, and limited by social structures, which take on a uniquely "objective" economic form under capitalism. Significantly, Rubin is at pains to argue that simple commodity production is not a historical phenomenon that developed into capitalism, as it is often understood by both Marxists and critics of Marx; rather, it is a theoretical abstraction that explains one aspect of a fully developed capitalist economy. The concept of value, as understood by Rubin, cannot exist without the other elements of a full-blown capitalist economy: money, capital, the existence of a proletariat, and so on. Rubin's work was never reissued in the Soviet Union after 1928, but in 1972 Essays on Marx's Theory of Value was translated into English by Fredy Perlman and Milos Samardzija. This work became a foundation stone of the "value-form" approach to Marxist theory, exemplified by Hans-Georg Backhaus, Chris Arthur, Geert Reuten, and the "Konstanz-Sydney" group (Michael Eldred, Mike Roth, Lucia Kleiber, and Volkbert Roth). In this interpretation of Marx, "it is the development of the forms of exchange that is seen as the prime determinant of the capitalist economy rather than the content regulated by it". Capitalism is here understood as a method of regulating human labor by giving it the social form of an exchangeable commodity (the "value-form"), rather than a disguised or mystified system that is otherwise similar in content to other class-based societies. According to Arthur, the rediscovery of Rubin's "masterly exegesis" was "the most important single influence on the value form approach to Capital". (wikipedia.org)

First published in 1989, Technology and Development in the Third Industrial Revolution is a significant contribution to history.

This extraordinary compendium concerns the future of the Western alliance and the development of the peace movements in Europe and in the United States. The peace movement is an old phenomenon given new life by NATO decisions concerning nuclear deployment in Europe and the Soviet responses along the same lines. After a long postwar marriage, Europeans and Americans alike are reexamining the premises of the Western alliance.The contributors provide a variety of scenarios, extending from the maintenance of the status quo to the complete dismantling of the Western alliance, or at least of its NATO component. In a context of rapid change and new challenges to the democratic bloc, the editors and authors argue for higher levels of economic integration and caution that competition might spill over into political collapse.The work deals with thorny security issues in a frank and policy-oriented way. While each contributor expresses a unique standpoint, a surprising consensus emerges: The need for democratic nations to move toward a higher policy ground in order to preserve the fundamental alliance that led to the postwar consensus to begin with. Some contributors feel this is still possible, others that the time has passed, and that national rather than regional interests will once more prevail.The work contains an extraordinary array of talent from both the American and European perspectives. Among the major contributors and their themes are Henry Kissinger on "A Plan to Reshape NATO"; William G. Hyland on "The European Peace Movement and NATO"; Irving Kristol on "What's Wrong with NATO?"; Theodore Draper on "The Western Misalliance"; Niels Haagerup on "The Nordic Peace Movements"; Martin Ceadel on "The British Nuclear Disarmers"; and Jeffrey Herf on "The SPD and the Peace Movement in West Germany." This is a well-integrated text, with no random essays.

This book begins with the conquest of Cuba by the Spanish Conquistadores, and the annihilation of the Indian population despite its heroic struggles. It then analyzes the economic social and cultural development of Cuba from 1520 to 1808. This is followed by an analysis of the role of Cuba in the Latin American wars for independence of 1808-1820 and the first independence movement in Cuba, 1820-1830. Dr. Foner then discusses the emergence of United States policy towards Cuba and shows, through the most careful documentation, the role played by the government of the United States in blocking the achievement of Cuban independence from Spain. The rest of the book deals with the reform movement in Cuba, Cuban slave society, and the anti-slavery struggles in the island, ending with La Escalera, the brutal suppression of the Negro people in the 1840's. For the preparation of this volume, Dr. Foner examined original sources in English and Spanish, in Cuba and the United States, and a wide range of monographic material produced by scholars in both countries. The result is this exciting and timely book.