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Brings together economic, social, and political analyses to formulate a program for an American revival, in terms of the nation's economy and of a more equitable life for the American people.

On December 5, 2004, the still-developing blogosphere took one of its biggest steps toward mainstream credibility, as Nobel Prize - winning economist Gary S. Becker and renowned jurist and legal scholar Richard A. Posner announced the formation of the Becker-Posner Blog. In no time, the blog had established a wide readership and reputation as a reliable source of lively, thought-provoking commentary on current events, its pithy and profound weekly essays highlighting the value of economic reasoning when applied to unexpected topics. Uncommon Sense gathers the most important and innovative entries from the blog, arranged by topic, along with updates and even reconsiderations when subsequent events have shed new light on a question. Whether it's Posner making the economic case for the legalization of gay marriage, Becker arguing in favor of the sale of human organs for transplant, or even the pair of scholars vigorously disagreeing about the utility of collective punishment, the writing is always clear, the interplay energetic, and the resulting discussion deeply informed and intellectually substantial. To have a single thinker of the stature of a Becker or Posner addressing questions of this nature would make for fascinating reading; to have both, writing and responding to each other, is an exceptionally rare treat. With Uncommon Sense, they invite the adventurous reader to join them on a whirlwind intellectual journey. All they ask is that you leave your preconceptions behind.

First paperback edition, 1975.

Do events of the 1930s carry a message for the 1990s? If there is one key lesson to be learned, Peter Temin points out, it is that political ideology drives economic events. The Great Depression was caused by politicians and policymakers following the wrong economic ideology, not by a mechanical breakdown of the system. "Lessons from the Great Depression "provides an integrated view of the depression, covering the experience in Britain France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Temin finds parallels today in the relentless deflationary course followed by the VS. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory - supply side economics. Throughout this informative and highly readable account, Temin searches for and identifies guidelines for the economic and political decisions to be made in the final decade of this century. He considers the proper role of economic and political models and ideologies in the fashioning of economic policy, the advantages and disadvantages of international economic cooperation and long term versus short term focus in the making of economic policy Peter Temin is Professor of Economics at MIT. "Lessons from the Great Depression "is included in the Lionel Robbins Lecture Series.

We are bombarded with images of poverty, terrorism, war and collapsing states. Do we ever question what the root cause of these problems might be? Noreena Hertz, one of the world's leading experts on economic globalization, tackles Third World Debt as a problem which must be resolved if we are ever to see global stability.

When Mickie Siebert arrived in New York in the mid-1950s, she had $500 in her wallet and drove a used Studebaker. Almost fifty years later she is known as the "First Woman of Finance," the only woman to head a publicly traded national brokerage firm. Pithy, vastly entertaining, and full of behind-the-scenes anecdotes, Changing the Rules reveals how Siebert forged her phenomenal success in the chaotic and cutthroat world of Wall Street. Three four-letter words are behind Siebert's career success: One is work -- she learned everything there was to know about a company before recommending its stock. The second is luck -- as an analyst in training, she had the good fortune to follow a fledgling industry that nobody else wanted. (The "dog" industry was airlines.) The third word is risk -- she knew how to assess liability and make a decision. Siebert recounts the resistance of the good gray Stock Exchange when she dared to infiltrate the boys' club, threatening to have a Port-O-San delivered to the NYSE luncheon club if they didn't add a women's bathroom. She reveals the backstage stories about saving Lockheed and selling Conrail (at the time, the largest stock offering in Wall Street history), as well as the changes on the Street that led to May Day, 1975, when she was first in line as a discount broker (and considered a pariah by industry standards). She tells of her memorable encounters with such legendary figures as Captain Eddie Rickenbacker, the World War I flying ace who ran Eastern Airlines, and Robert Brimberg, the iconoclastic "Scarsdale Fats" whose investing acumen was the envy of the Street. Writing with equal candor about the politics of finance and the finance of politics, Siebert recalls her five years as Superintendent of Banking for New York State -- when she helped to prevent a national fiscal crisis during the Iran hostage situation -- and her experiences as a pro-choice Republican senatorial candidate. Siebert's reputation for rocking the boat is legendary, and Changing the Rules is both a fascinating biography of a true pioneer, and a valuable strategic and informational tool for anyone who deals with or dabbles in the money game.

From the depression of the 1890s through World War I, construction tradesman held an important place in San Francisco's economic, political, and social life. Michael Kazin's award-winning study delves into how the city’s Building Trades Council (BTC) created, accumulated, used, and lost their power. He traces the rise of the BTC into a force that helped govern San Francisco, controlled its potential progress, and articulated an ideology that made sense of the changes sweeping the West and the country. Believing themselves the equals of officeholders and corporate managers, these working and retired craftsmen pursued and protected their own power while challenging conservatives and urban elites for the right to govern. What emerges is a long-overdue look at building trades as a force in labor history within the dramatic story of how the city's 25,000 building workers exercised power on the job site and within the halls of government, until the forces of reaction all but destroyed the BTC.

"Was Marx's Capital intended as a study of capitalism as a whole or was it meant as an analysis of capital? In Beyond 'Capital', Michael A. Lebowitz explores the implications of the book on wage-labour that Marx originally intended to write. Focusing on critical assumptions in Capital that were to be removed in Wage-Labour and upon Marx's methodology, Lebowitz stresses the one-sidedness of Marx's Capital and argues that the side of the workers, their goals and their struggles in capitalism have been ignored by a one-sided Marxism characterized by determinism, reductionism and a silence on human experience. In this completely reworked edition of his 1992 book, Lebowitz introduces three new chapters and explores problems in Marx's wage theory, the place of the workers' state in Marx's theory and the importance of the concept of the collective worker."--BOOK JACKET.

This major book presents an objective and penetrating economic analysis of stabilization and reform in Eastern Europe, combined with a compassionate plea for individual rights and solidarity. Janos Kornai - one of the most famous Hungarian economists of his generation - focuses on two main issues: first, the problems of stabilization and adjustment, which are painful but necessary conditions of sustainable growth and second, the reform of the 'premature welfare state' of Eastern European countries, which is disproportionately large in relation to the resources available and which was hitherto managed in a highly centralized, bureaucratic and paternalistic way. Struggle and Hope goes beyond most other books on the transition process by placing considerable emphasis on the understanding of the ethical implications and the historical roots of each problem, and also the political conditions and consequences of change. Although economic efficiency is extremely important, it is not the exclusive criterion; ethical principles of individual sovereignty and solidarity must also receive particular attention. Professor Kornai's insightful analysis will become required reading for all those concerned with the process of post-socialist transition.

"Heinz von Foerster was the inventor of second-order cybernetics, which recognizes the investigator as part of the system he is investigating. The Beginning of Heaven and Earth Has No Name provides an accessible, nonmathematical, and comprehensive overview of von Foerster's cybernetic ideas and of the philosophy latent within them. It distills concepts scattered across the lifework of this scientific polymath and influential interdisciplinarian. At the same time, as a book-length interview, it does justice to von Foerster's élan as a speaker and improviser, his skill as a raconteur. Developed from a week-long conversation between the editors and von Foerster near the end of his life, this work playfully engages von Foerster in developing the difference his notion of second-order cybernetics makes for topics ranging from emergence, life, order, and thermodynamics to observation, recursion, cognition, perception, memory, and communication. The book gives an English-speaking audience a new ease of access to the rich thought and generous spirit of this remarkable and protean thinker"--

These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. In consequence, consideration of alternative assumptions has become taboo. These essays are substantively and stylistically novel because they break these taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues - from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Some of the essays derive the implications for economic markets of costly asymmetric information. Others explore the findings of other social sciences such as anthropology, psychology and sociology.

The failures of “free-market” capitalism are perhaps nowhere more evident than in the production and distribution of food. Although modern human societies have attained unprecedented levels of wealth, a significant amount of the world’s population continues to suffer from hunger or food insecurity on a daily basis. In Agriculture and Food in Crisis , Fred Magdoff and Brian Tokar have assembled an exceptional collection of scholars from around the world to explore this frightening long-term trend in food production. While approaching the issue from many angles, the contributors to this volume share a focus on investigating how agricultural production is shaped by a system that is oriented around the creation of profit above all else, with food as nothing but an afterthought. As the authors make clear, it is technically possible to feed to world’s people, but it is not possible to do so as long as capitalism exists. Toward that end, they examine what can be, and is being, done to create a human-centered and ecologically sound system of food production, from sustainable agriculture and organic farming on a large scale to movements for radical land reform and national food sovereignty. This book will serve as an indispensible guide to the years ahead, in which world politics will no doubt come to be increasingly understood as food politics.

A collection of nine papers, each representing an application of the rate of economic growth as an analytical device to a specific economic problem, provides models toward the general development of a theory of growth.

A reissue of Eric H. Cline's highly regarded study of trade in the Late Bronze Age Aegean, first published in 1994 and out-of-print since 2000. The monograph is composed of three principal parts: 1) an analytical section discussing the trade and contacts which occurred between the Aegean, Italy, Egypt, and the Near East during the latter half of the second millennium BC, and the social, economic and cultural implications of such contacts; 2) first, a catalogue of literary and pictorial references to the LBA Aegean found in outside areas - primarily Egypt and the Near East - with transliterations and translations of the appropriate texts, and second, a compilation of the references to, and loanwords from, other areas of the Mediterranean found in the Linear B texts in the Aegean; and 3) a catalogue, by object type, of all the Orientalia and Occidentalia found in LBA contexts within the Aegean area. The monograph utilizes the catalogues in combination with previously published works by a variety of scholars to provide a detailed analysis of the trade and contacts between the LBA Aegean, Italy, Egypt and the Near East. The work is divided into six sections, each consisting of a series of interlinked essays. Section One provides an introduction to the topic, a brief overview of the previous scholarship in this area, and a discussion of the chronological problems involved. Section Two consists of an initial chapter discussing LBA trade and contact between the Aegean, Italy, Egypt and the Near East by centuries, followed by chapters discussing trade between the LBA Aegean and individual Mediterranean countries. Section Three contains discussions of the trade mechanisms involved, the trade routes, merchant nationalities, goods, motivations, and partnerships, plus a brief look at the Ulu Burun (Kas) and Cape Gelidonya shipwrecks. Section Four presents an overview of the conclusions reached by this study and reiterates that the current work presents much raw data and some preliminary observations but is only the tip of the iceberg in terms of tapping the wealth of information which may be extracted from the accompanying catalogues.

David Ricardo [1772-1823] has been called ".the principle founder of what has been called the classical school of political economy" (Dictionary of National Biography) and "first 'scientific' economist" (Printing and the Mind of Man 277). Here McCulloch's authoritative Life and Writings of Mr. Ricardo prefaces this collection of Ricardo's pamphlets and other works, including his influential treatise on the distribution of wealth, The Principles of Political Economy and Taxation.

On the motion-picture front, no other publication of our age has achieved the stature, vitality, or magic of Vanity Fair. In its coverage of the film industry, the magazine prides itself on assigning the world's top photographers, writers, and illustrators to explore the brightest stars in the Hollywood firmament. Now, for the first time, the most memorable renderings of this illustrious pantheon have been assembled in one volume: Garbo and Swanson, Fairbanks and Pickford, Gable and Grant, Tracy and Hepburn, Taylor and Burton -- along with today's cinematic giants, including Cruise and Kidman, Nicholson and Streep, De Niro and DiCaprio, Tom Hanks and Julia Roberts, and scores more. As this sweeping, lavish book makes clear, Vanity Fair's stable of photographers (Cecil Beaton, Annie Leibovitz, Helmut Newton, Herb Ritts, Edward Steichen, Mario Testino, Bruce Weber, and many others represented here) have helped define modern portraiture. Likewise, Vanity Fair's Hollywood includes Vanity Fair contributors of the past (D.H. Lawrence, Clare Boothe Luce, Dorothy Parker, Carl Sandburg, Walter Winchell, and P.G. Wodehouse) and of the present.