Publisher's description: Robert Rubin was sworn in as the seventieth U.S. Secretary of the Treasury in January 1995 in a brisk ceremony attended only by his wife and a few colleagues. As soon as the ceremony was over, he began an emergency meeting with President Bill Clinton on the financial crisis in Mexico. This was not only a harbinger of things to come during what would prove to be a rocky period in the global economy; it also captured the essence of Rubin himself--short on formality, quick to get into the nitty-gritty. From his early years in the storied arbitrage department at Goldman Sachs to his current position as chairman of the executive committee of Citigroup, Robert Rubin has been a major figure at the center of the American financial system. He was a key player in the longest economic expansion in U.S. history.

"A lively, enlightening introduction to monetary history…from monetarism's most articulate apostle."—Kirkus Reviews"The Oliver Stone of economics" (Chicago Tribune), Nobel Prize laureate Milton Friedman makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of value: from stones to feathers to gold. He outlines the central role of monetary theory and shows how it can act to ignite or deepen inflation. Through colorful historical episodes, he demonstrates the mischief that can result from a misunderstanding of monetary economics — how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan and how Franklin D. Roosevelt's decision to appease a few senators from the American West helped communism triumph in China. And he explains, in plain English, what the present monetary system in the United States means for your paycheck and your savings as well as for the global economy.

"A vibrant portrait of the "original affluent society"--The Bushmen of southern Africa--by the anthropologist who has spent much of the last twenty-five years documenting their encounter with modernity. If the success of a civilization is measured by its endurance over time, then the Bushmen of the Kalahari are by far the most successful in human history. A hunting and gathering people who made a good living by working only as much as needed to exist in harmony with their hostile desert environment, the Bushmen have lived in southern Africa since the evolution of our species nearly two hundred thousand years ago. In Affluence Without Abundance, anthropologist James Suzman vividly brings to life a proud and private people, introducing unforgettable members of their tribe, and telling the story of the collision between the modern global economy and the oldest hunting and gathering society on earth. In rendering an intimate picture of a people coping with radical change, it asks profound questions about how we now think about matters such as work, wealth, equality, contentment, and even time. Not since Elizabeth Marshall Thomas's The Harmless People in 1959 has anyone provided a more intimate or insightful account of the Bushmen or of what we might learn about ourselves from our shared history as hunter-gatherers."--Jacket flap

With his classics of social commentary "The Geography of Nowhere and "Home from Nowhere, James Howard Kunstler has established himself as one of the great commentators on American space and place. Now, with "The Long Emergency, he offers a shocking vision of a post-oil future. The last two hundred years have seen the greatest explosion of progress and wealth in the history of mankind. But the oil age is at an end. The depletion of nonrenewable fossil fuels is about to radically change life as we know it, and much sooner than we think. As a result of artificially cheap fossil-fuel energy we have developed global models of industry, commerce, food production, and finance that will collapse. "The Long Emergency tells us just what to expect after we pass the tipping point of global peak oil production and the honeymoon of affordable energy is over, preparing us for economic, political, and social changes of an unimaginable scale. Are we laboring under a Jiminy Cricket syndrome when we tell ourselves that alternative means of energy are just a few years away? Even once they are developed, will they ever be able to sustain us in the way that fossil fuels once did? What will happen when our current plagues of global warming, epidemic disease, and overpopulation collide to exacerbate the end of the oil age? Will the new global economy be able to persevere, or will we be forced to revert to the more agrarian, localized economy we once knew? Could corporations like Wal-Mart and McDonald's, built on the premise of cheap transportation, become a thing of the past? Will the misguided experiment of suburbia--considered a birthright and a reality by millions of Americans--collapse when the car culturebecomes obsolete? Riveting and authoritative. "The Long Emergency is a devastating indictment that brings new urgency and accessibility to the critical issues that will shape our future, and that we can no longer afford to ignore. It is bound to become a classic of social science.

Renowned scholar Bruce Bueno de Mesquita, who set the standard for the scientific approach to international relations and transformed the field, has returned with a reformulated fifth edition based on extensive reviewer feedback and guided by an emphasis on questions about the causes and consequences of war, peace, and world order. More than ever before, the strategic perspective in international relations is examined with complete clarity, precision, and accessibility. What hasn′t changed is Bueno de Mesquita′s commitment to covering the fundamentals of IR. The foundational topics and examination are all there: the major theories of war, the domestic sources of international politics, an exploration of the democratic peace, the problems of terrorism, the role of foreign aid, democratization, international political economy, globalization, international organizations, international law, and the global environment. The first part of the book, "Foundations"offers highly accessible coverage of key concepts, introducing students to different ways to think about the national interest and showing them how to use game theory and the strategic perspective/selectorate theory to better understand what happens in all aspects of international affairs. This section uses debate over North Korea′s nuclear weapons development as an ongoing example to build concepts and build confidence in the student′s how of basic modeling ideas. Also covered is a basic, intuitive introduction to game theory and other evidence and logic based tools for analyzing international relations. Part II, "War," next provides a more thorough evaluation of how domestic political incentives and the domestic institutions of governance shape choices about conflict initiation, escalation, and termination. It also surveys major theories of war and conflict, working through hypotheses derived from constructivism, neo-realism, liberalism and selectorate theory and evaluating them against the evidence to see what actually works and what doesn′t.Chapters in Part III, "Peace," build on the logic of collective action to help students see why it is so difficult to get national governments to do "what is right" even when they can agree on what is right, with chapters covering the effectiveness of international organizations and international law, as well as a thorough evaluation of environmental issues, human rights enforcement and the domestic and the international political economy of trade. Part IV, "World Order" emphasizes efforts to promote the spread of democracy and economic prosperity. It also addresses how to understand and deal with terrorism. Whether examining terrorism, the spread of democracy or the alleviation of poverty, chapters in this section carefully examine which strategies work, which do not, and why. The Arab Spring provides a useful ongoing example of the strengths and weaknesses of foreign aid policy and military intervention policies. No other introductory text delivers such an easily-understood contemporary explanation of international politics, while truly enabling students to learn how to mobilize the key concepts and models themselves--thus develop a new method for thinking about world affairs. More than ever before, Principles provides a comprehensive evaluation of all aspects of international affairs, systematically compares the accuracy of competing approaches to international relations, and walks students through the simple, intuitive models and games that capture the essence of the strategic, selectorate viewpoint.

"Rodrik takes globalization's cheerleaders to task, not for emphasizing economics over other values, but for practicing bad economics and ignoring the discipline{u2019}s own nuances that should have called for caution. He makes a case for a pluralist world economy where nation-states retain sufficient autonomy to fashion their own social contracts and develop economic strategies tailored to their needs. Rather than calling for closed borders or defending protectionists, Rodrik shows how we can restore a sensible balance between national and global governance. Ranging over the recent experiences of advanced countries, the eurozone, and developing nations, Rodrik charts a way forward with new ideas about how to reconcile today{u2019}s inequitable economic and technological trends with liberal democracy and social inclusion. Deftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today{u2019}s world economy and its dilemmas, and offers a visionary framework at a critical time when we need it most."--Provided by publisher.

Learn best practices from the most trusted name in business and financial reporting The Bloomberg Way is the journalist's guide to covering business, finance and the economy, with authoritative guidance from the editor-in-chief and senior editors of Bloomberg. As the lines between objectivity and opinion become increasingly blurred, the new edition of the Bloomberg Way shows you how to be the first to publish print and multimedia content with accuracy and journalistic integrity. The authors walk through the best-practice reporting, writing and editing processes followed by this elite, global journalistic organization. You'll learn how to work effectively in a highly competitive real-time news environment where every second matters. The book offers expert tips for taking a story from pitch to publication, along with discussion of journalistic principles including fairness, transparency, sourcing, libel, privacy and ethics. The Bloomberg Way describes essential guidelines for producing content for print, broadcast and web audiences. Topics include interviewing techniques, clarity and precision in writing and editing, compelling headlines and leads, the marriage of words and data in stories, effective charts and graphs, how to appear on television, writing for the web, and more. Each topic is accompanied by how-to examples and showcases useful functions from the Bloomberg Terminal. The Bloomberg Way also shows you how to collaborate with colleagues across platforms to report and present stories about: The stock, bond, commodity and currency markets. Companies, including earnings, mergers, debt, product strategy and managementms changes. Economies and their intersection with government and politics. The Bloomberg Way is the definitive book for any journalist or media specialist who needs to know how one of the world's leading news organizations covers news about business, finance and the economy.

Government, war, the economy, human identity, philosophy and the way we work. All of these, among others, are soon to be transformed. As technological advancements usher in a time where each and every human being on the planet will be connected by more than 50 billion manmade devices, our global society is going through a major and rapid change. CEO and editor of the FP Group (who publish Foreign Policy Magazine ) David J. Rothkopf is a revered and cutting-edge commentator on global trends; the writer of a weekly column for his magazine, and the author of numerous widely-acclaimed titles. In this newest work, released on the back of his highly successful TED talk, Rothkopf aims to delve beneath these changes, and explore not only the ideas that will help usher in this new era, but also the people behind them. Like Da Vinci and Jefferson, Darwin and Marx, there are thinkers working now who, over time, will be viewed as massively influential in this era of upheaval. But who are they? And what are their stories? What unlikely places do they come from? Rothkopf is determined to uncover those on the cusp of scientific research, giving never-before-heard, world-changing ideas their debut platform. These are the debates that are happening right now, those that are poised to produce incredible breakthroughs in the coming years, but are yet to be publicly revealed. And with a wide-range of areas covered, including education, health and money, there is sure to be something compelling and relevant for everyone.

The term ‘collateral damage' has recently been added to the vocabulary of military forces to refer to the unintended consequences of armed interventions, consequences that are unplanned but nevertheless damaging and often very costly in human and personal terms. But collateral damage is not unique to the world of armed intervention - it is also one of the most salient and striking dimensions of contemporary social inequality. The inflammable mixture of growing social inequality and the rising volume of human suffering marginalized as ‘collateral' is becoming one of most cataclysmic problems of our time. For the political class, poverty is commonly seen as a problem of law and order - a matter of how to deal with individuals, such as unemployed youths, who fall foul of the law. But treating poverty as a criminal problem obscures the social roots of inequality, which lie in the combination of a consumerist life philosophy propagated and instilled by a consumer-oriented economy, on the one hand, and the rapid shrinking of life chances available to the poor, on the other. In our contemporary, liquid-modern world, the poor are the collateral damage of a profit-driven, consumer-oriented society - ‘aliens inside' who are deprived of the rights enjoyed by other members of the social order. In this new book Zygmunt Bauman - one of the most original and influential social thinkers of our time - examines the selective affinity between the growth of social inequality and the rise in the volume of ‘collateral damage' and considers its implications and its costs.

The Dutch-Spanish confrontation in the 17th century began as a local insurrection but evolved into the world's first global conflict--a conflict that profoundly influenced the relationship between Europe and the Indies as well as the European balance of power and the world economy. This is the first study of the conflict and its immediate aftermath. Israel reveals the deep and complex divisions between the political elites on both sides and demonstrates the decisive impact of political and military activity on the economic fate of Europe and the wider world.

In this incisive and controversial exposé of the hidden effects of today's free-market capitalism, Edward Luttwak describes in powerful detail how it vastly differs from the controlled capitalism that flourished from 1945 to the 1980s. Turbo-capitalism is private enterprise liberated from government regulation, unchecked by effective trade unions, unfettered by concerns for employees or communities, and unhindered by taxation or investment restrictions. The winners in this free-for-all are getting much richer, while the losers are becoming poorer and are forced by downsizing to take the traditional jobs of the underclass. Led by the United States, closely followed by Britain, turbo-capitalism is spreading fast throughout Europe, Asia, and the rest of the world without the two great forces that check its enormous power in the United States: a powerful Legal system and the stringent rules of American calvinism. Luttwak exposes the major societal upheavals and inequities turbo-capitalism causes and the broad dissatisfaction and anxiety that may result.

The world we live in today is more volatile than ever. The security of free nations is threatened by rogue states, the global economy is in flux, and the rapid advance of technology forces constant reevaluation of our society. With so many powerful forces at work and seemingly unpredictable events occurring, to many the future seems dark, and its possibilities frightening. Peter Schwartz disagrees. A world-renowned visionary in the field of scenario planning, Schwartz’s startling—and accurate— predictions have been employed by government agencies and major corporations for more than twenty-five years. He argues that the future is foreseeable, and that by examining the dynamics at work today we can predict the “inevitable surprises” of tomorrow. Timely and thought-provoking, Inevitable Surprises is a book that no one with an interest in business—or the future of our society—can afford to miss.

In February of 2008, amid the looming global financial crisis, President Nicolas Sarkozy of France asked Nobel Prize-winning economists Joseph Stiglitz and Amartya Sen, along with the distinguished French economist Jean Paul Fitoussi, to establish a commission of leading economists to study whether Gross Domestic Product (GDP) - the most widely used measure of economic activity - is a reliable indicator of economic and social progress. The Commission was given the further task of laying out an agenda for developing better measures. Mismeasuring Our Lives is the result of this major intellectual effort, one with pressing relevance for anyone engaged in assessing how and whether our economy is serving the needs of our society. The authors offer a sweeping assessment of the limits of GDP as a measurement of the well-being of societies - considering, for example, how GDP overlooks economic inequality (with the result that most people can be worse off even though average income is increasing); and does not factor environmental impacts into economic decisions.In place of GDP, Mismeasuring Our Lives introduces a bold new array of concepts, from sustainable measures of economic welfare, to measures of savings and wealth, to a ''green GDP.'' At a time when policymakers worldwide are grappling with unprecedented global financial and environmental issues, here is an essential guide to measuring the things that matter.

A critical examination of economics's past and future, and how it needs to change, by one of the most eminent political economists of our time The dominant view in economics is that money and government should play only a minor role in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused nonintervention in markets. The Great Depression brought Keynesian economics to the fore, but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes's central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve.

International institutions, from the International Monetary Fund to the International Olympic Committee, are perceived as bastions of sclerotic mediocrity at best and outright corruption at worst, and this perception is generally not far off the mark. In the wake of the 2008 financial crash, Daniel W. Drezner, like so many others, looked at the smoking ruins of the global economy and wondered why global economic governance structure had failed so spectacularly, and what could be done to reform them in the future. But then a funny thing happened. As he surveyed their actions in the wake of the crash, he realized that the evidence pointed to the exact opposite conclusion: global economic governance had succeeded. In The System Worked, Drezner, a renowned political scientist and international relations expert, contends that despite the massive scale and reverberations of this latest crisis (larger, arguably, than those that precipitated the Great Depression), the global economy has bounced back remarkably well. Examining the major resuscitation efforts by the G-20 IMF, WTO, and other institutions, he shows that, thanks to the efforts of central bankers and other policymakers, the international response was sufficiently coordinated to prevent the crisis from becoming a full-fledged depression. Yet the narrative about the failure of multilateral economic institutions persists, both because the Great Recession affected powerful nations whose governments managed their own economies poorly, and because the most influential policy analysts who write the books and articles on the crisis hail from those nations. Nevertheless, Drezner argues, while it's true that the global economy is still fragile, these institutions survived the "stress test" of the financial crisis, and may have even become more resilient and valuable in the process. Bucking the conventional wisdom about the new "G-Zero World," Drezner rehabilitates the image of the much-maligned international institutions and demolishes some of the most dangerous myths about the financial crisis. The System Worked is a vital contribution to our understanding of an area where the stakes could not be higher.

"A combination of culinary biography, behind-the-scenes restaurant detail, and a unique exploration of globalization's dynamics, this book traces sushi's journey from Japanese street snack to global delicacy. The Sushi Economy takes you through the stalls of Tokyo's massive Tsukiji market, where the auctioneers sell millions of dollars of fish each day, and to the birthplace of modern sushi--in Canada. Issenberg then follows sushi's evolution in America, exploring how it became LA's favorite food. You're taken behind the sushi bar with Chef Nobu Matsuhisa, whose distinctive travels helped define the flavors of global sushi cuisine, and with a unique sushi chef blazing a path in Texas. Issenberg also delves into the complex economics of the fish trade, following the ups and downs of the hunt for bluefin off New England, the tuna cowboys on the southern coast of Australia who invented the art of tuna ranching, and uncovering the mysterious underworld of pirates, smugglers, and the tuna black market."--dust jacket.

Provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results. Coping with the challenges of global warming is a daunting task for both scientists and economists, who must understand future changes, and for policy makers, who must ultimately choose policies to balance risks and costs. Managing the Global Commons presents a unique effort to encompass economic, scientific, and policy aspects of this great geophysical experiment. Managing the Global Commons provides a detailed analysis of the DICE model (Dynamic Integrated model of Climate and the Economy) as well as an extensive analysis of the model's results. DICE is the first dynamic model to include a closed-loop system that includes emissions, concentrations, climate change, damages, and emissions controls. The model is useful for estimating the costs and benefits of different paths for slowing climate change and for analyzing the impact of control strategies over time. The analysis contains a number of methodological advances and major findings - most importantly the construction of a small model to encompass the primary components of the climate and economic system within an optimization framework. Also included are new techniques and results concerning the role of uncertainty and the risk premium involved in policies to slow global warming. In addition, the analysis derives a set of uncertain representative scenarios that summarize the large number of potential outcomes into a manageable number to be used within an optimization framework and incorporated into a contingent-commodity framework. Nordhaus examines several different approaches to climate-change policy: no controls, economic optimization, geoengineering, stabilization of emissions and climate, and a ten-year delay in undertaking climate-change policies. Among these, there is a modest advantage of an efficient policy over no controls or a ten-year delay, while the three stabilization options would impose significant net costs. Overall, Nordhaus observes, the analysis reveals that even with major technological breakthroughs and stringent controls, the momentum of past greenhouse gas emissions coupled with great inertia in climate change policy will lead to an inevitable rendezvous with massive climate change.

Since 2008, when Fixing Global Finance was first published, the collapse of the housing and credit bubbles of the 2000s has crippled the world’s economy. In this updated edition, Financial Times columnist Martin Wolf explains how global imbalances helped cause the financial crises now ravaging the U.S. economy and outlines steps for ending this destructive cycle—of which this is the latest and biggest. An expanded conclusion recommends near- and long-term measures to stabilize and protect financial markets in the future. Reviewing global financial crises since 1980, Wolf lays bare the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia. He explains why the United States became the “borrower and spender of last resort,” makes the case that this was an untenable arrangement, and argues that global economic security depends on radical reforms in the international monetary system and the ability of emerging economies to borrow sustainably in domestic currencies. Sharply and clearly argued, Wolf’s prescription for fixing global finance illustrates why he has been described as "the world's preeminent financial journalist."

In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets , Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and what role government can and can't play. The financial crisis, Frydman and Goldberg argue, was made more likely, if not inevitable, by contemporary economic theory, yet its core tenets remain unchanged today. In response, the authors show how imperfect knowledge economics, an approach they pioneered, provides a better understanding of markets and the financial crisis. Frydman and Goldberg deliver a withering critique of the widely accepted view that the boom in equity prices that ended in 2007 was a bubble fueled by herd psychology. They argue, instead, that price swings are driven by individuals' ever-imperfect interpretations of the significance of economic fundamentals for future prices and risk. Because swings are at the heart of a dynamic economy, reforms should aim only to curb their excesses. Showing why we are being dangerously led astray by thinking of markets as predictably rational or irrational, Beyond Mechanical Markets presents a powerful challenge to conventional economic wisdom that we can't afford to ignore.