Celebrated economic policy maker and political theorist Robert B. Reich argues that the nation's 2008 economic collapse is the result of an increasing concentration of income and wealth at the top--and a middle class that had to go deeply into debt to maintain a decent standard of living. To ensure that prosperity is widely shared, he continues, requires the implementation of a much broader safety net for the middle class financed by higher marginal tax rates on the very wealthy.

“Most of the people I write about in this book do not have the luxury of rage. They are caught in exhausting struggles. Their wages do not lift them far enough from poverty to improve their lives, and their lives, in turn, hold them back. The term by which they are usually described, ‘working poor,’ should be an oxymoron. Nobody who works hard should be poor in America.” —from the Introduction From the author of the Pulitzer Prize–winning Arab and Jew, a new book that presents a searing, intimate portrait of working American families struggling against insurmountable odds to escape poverty. As David K. Shipler makes clear in this powerful, humane study, the invisible poor are engaged in the activity most respected in American ideology—hard, honest work. But their version of the American Dream is a nightmare: low-paying, dead-end jobs; the profound failure of government to improve upon decaying housing, health care, and education; the failure of families to break the patterns of child abuse and substance abuse. Shipler exposes the interlocking problems by taking us into the sorrowful, infuriating, courageous lives of the poor—white and black, Asian and Latino, citizens and immigrants. We encounter them every day, for they do jobs essential to the American economy. We meet drifting farmworkers in North Carolina, exploited garment workers in New Hampshire, illegal immigrants trapped in the steaming kitchens of Los Angeles restaurants, addicts who struggle into productive work from the cruel streets of the nation’s capital—each life another aspect of a confounding, far-reaching urgent national crisis. And unlike most works on poverty, this one delves into the calculations of some employers as well—their razor-thin profits, their anxieties about competition from abroad, their frustrations in finding qualified workers. This impassioned book not only dissects the problems, but makes pointed, informed recommendations for change. It is a book that stands to make a difference.

Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? Why does the stock market go up when employment declines? Should I give that homeless guy a buck? What's a living wage? How much can presidents really affect economic outcomes? What does the Federal Reserve Bank rea...

First Published in 2015. Routledge is an imprint of Taylor&Francis, an informa company.

"The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fueled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist-that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation-and the Keynesian-that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated".-- Provided by the publisher.

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.

"Our Dollar, Your Problem argues that America's currency might not have reached today's lofty pinnacle without a certain amount of good luck. Drawing in part on his own experiences, including with policymakers and world leaders, Kenneth Rogoff animates the remarkable postwar run of the dollar-how it beat out the Japanese yen, the Soviet ruble, and the euro-and the challenges it faces today from crypto and the Chinese yuan, the end of reliably low inflation and inter-est rates, political instability, and the fracturing of the dollar bloc. Americans cannot take for granted that the Pax Dollar era will last indefinitely, not only because many countries are deeply frus-trated with the system, but also because overconfidence and arrogance can lead to unforced errors. Rogoff shows how America's outsized power and exorbitant privilege can spur financial instability-not just abroad but also at home"--Book jacket.

No one has more authority to call the shots the way they really are than Paul Krugman, whose provocative New York Times columns are keenly followed by millions. One of the world's most respected economists, Krugman has been named America's most important columnist by the Washington Monthly and columnist of the year by Editor and Publisher magazine. In this long-awaited work containing Krugman's most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of dishonesty in the Bush administration, Krugman tells the uncomfortable truth about how the United States lost its way. And he gives us the road map we will need to follow if we are to get the country back on track.

Five lectures delivered at the Central European University in Budapest, Oct. 26-30, 2009, share the author's thinking on international finance, capitalism, and politics and ethics.

Norman Street is the first serious examination of a scenario that appears likely to be played out again and again as federal budget policies result in reduced services for urban areas across the country. Based on a three-year study conducted in Brooklyn's Greenpoint/Williamsburg section, the book is an in-depth, detailed description of life in a multi-ethnic working class neighborhood during New York City's fiscal crisis of 1975-78. Now updated with a new introduction to address the changes and events of the thirty years since the book's original publication, its lessons continue to demonstrate the impact of political and economic changes on everyday lives. Relating local events to national policy, Susser deals directly with issues and problems that face industrial cities nationwide: ethnic and race relations are analyzed within the context of community organization and local politics; the impact of landlord/tenant relations, housing discrimination, and red-lining are examined; and the effects on the urban poor of gentrification are documented. Since neighborhood issues are often of primary concern to women, much of the book concerns the role of women as community organizers and their integration of this role with domestic responsibilities.

Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles, explains how policy changes since 1980 laid the groundwork for catastrophic—but completely predictable—market meltdowns, and offers prescriptions for avoiding these disasters in the future. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesn’t engage in 20-20 hindsight, but thoroughly documents how fundamental policy shifts destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters. "Dean Baker warned us what was coming. Now we can read why Dean got it right when so many experts were blind. The story is intriguing—and deeply disturbing." —William Greider, national affairs correspondent, The Nation, and author of Come Home, America

Daniel Gross, Yahoo! financial columnist and author of Dumb Money , offers a refreshingly optimistic take on our nation’s economic prospects, examining the positive trends that point to a better, stronger future. Financial meltdown, a deep recession, and political polarization—combined with strong growth outside the U.S.—have led to a global bubble of pessimism surrounding the U.S. and its economic prospects. Bloated with debt, outpaced by China, India, and other emerging markets, the U.S. has been left for dead as an economic force. But, Daniel Gross, widely respected for his Newsweek and Slate coverage of the crash and the recovery, shows that much of the talk about decline is misplaced. In the wake of the crash, rather than accept the inevitability of a Japan-style lost decade, America’s businesses and institutions tapped into the very strengths that built the nation’s economy into the global powerhouse in the first place: speed, ingenuity, adaptability, pragmatism, entrepreneurship, and, most significantly, an ability to engage with the world. As the U.S. wallowed in self-pity, the world continued to see promise in what America has to offer—buying exports, investing in the U.S., and adapting American companies and business models as their own. Global growth, it turns out, is not a zero-sum game. These same attributes can propel the world’s largest economy forward through the significant headwinds it faces. Better, Stronger, Faster is a narrative of the remarkable reconstruction and reorientation that started in March 2009, a period that Gross compares to March 1933. Both marked the start of unexpected recoveries and monumental shifts in our nation’s history. As Gross explains, through stories of innovative solutions devised by policymakers, businesses, investors, and consumers, America has the potential to emerge from this period, not as the unrivaled ruler of the global economy, but as a leader and enabler of growth.

The story many have told can lead one to believe in the existence of a united Jewish people: rich, powerful, placed under centralized command and responsible for establishing a worldwide power strategy through money. Such a belief would merge with the fantasies that have spread across every century from Trajan to Constantine, from Matthew to Luther, from Marlow to Voltaire, from the Protocol of the Elders of Zion to Mein Kampf, to all that which is propagated today via the anonymity of the Internet. This is the story ripe to be challenged and retold. Herein lies the history of the relationship between the Jewish people, money and the world at large. The author is well aware of the subversive nature of this subject. It is a topic that has unleashed so many controversies and brought about so many massacres as to have become a veritable taboo, a topic that must not be evoked under any circumstance for fear of provoking some age-old catastrophe. Today, no one dares write on this topic, as if centuries of study have served no purpose other than to fuel book burning. It remains nevertheless in the best interest of modern mankind to understand how those who discovered monotheism also founded the ethics of capitalism, how some became its primary brokers and leading bankers, while others its most unrelenting enemy. In this book the author tackles the facts and the lies of the history of the relationship between the Jewish people, money and the world at large. "It seems essential that our world, and Jewish people themselves, face a part of their history that they may not care for but of which they have every reason to be proud." REVIEWS "The Economic History of the Jewish People by Jacques Attali is set to be as controversial as it is well documented and thoroughly researched by one of the foremost financial authorities of Europe, the Head of the Commission to Promote Economic Growth in France. Attali has written numerous books and knows this subject thoroughly. He has tackled it from the standpoint of history, myth, and dirty stories, proving some and dispelling others with facts. He has traced the economic experiences, leadership, and fall of the Jewish people from 2,000 years BC until present upheavals of economy worldwide. The book is fascinating for anyone interested in history, finance, or the Jewish people. It is an eye-opener in some instances and shows the influence, admitted or behind-the-scenes, which the Jewish people have had on the entire history of our world through the ages and how they have been rewarded or persecuted along the way for their use of any kind of tender (legal or illegal) around the world for 4,000 years. Really interesting and so very well written." Bonnie Neely, Amazon Top 1000 Reviewer, 2010/05/24

Dean Baker, codirector of the Center for Economic and Policy Research recounts the strategies used by the country's top economic policymakers to conceal their failure to recognize the housing bubble or take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings of tens o...

This book presents a comprehensive study of the most famous and spectacular instance of inflation in modern industrial society--that in Germany during and following World War I. A broad, probing narrative, this book studies inflation as a strategy of social pacification and economic reconstruction and as a mechanism for escaping domestic and international indebtedness. The Great Disorder is a study of German society under the tension of inflation and hyperinflation, and it explores the ways in which Germany's hyperinflation and stabilization were linked to the Great Depression and the rise of National Socialism. This wide-ranging study sets German inflation within the broader issues of maintaining economic stability, social peace, and democracy and thus contributes to the general history of the twentieth century and has important implications for existing and emerging market economies facing the temptation or reality of inflation.

Economics, Finance

First published in 1957. This volume provides a broad survey of economic progress in China from 1949 to 1952 and covers the historical background, China's economic system, industralisation and planning, the first Five Year Plan in industry, agriculture, transport, commerce and finance, education and health and foreign trade. The work is supplemented with an extensive bibliography, maps and statistical tables.

The global financial crisis is largely behind us, but the challenges it poses to the future stability of the world’s economic system affects everyone from American families to Main Street businesses to Wall Street financial powerhouses. It has provoked controversy over the best way to reduce the risk of a repeat of what proved to be the worst financial crisis since the Great Depression. To describe those challenges—and the lessons learned—the Hutchins Center on Fiscal and Monetary Policy at Brookings turned to frontline policymakers and some of their most prominent critics. Central Banking after the Great Recession contains the resulting research, leading off with a telling interview between Ben Bernanke, then in his final weeks as Federal Reserve chairman, and Liaquat Ahamed, author of the Pulitzer Prize–winning Lords of Finance. Insightful chapters by John Williams of the San Francisco Federal Reserve Bank, Paul Tucker of Harvard University, and Donald Kohn of Brookings discuss unconventional monetary policy, financial regulation, the impact of the crisis on the independence of the Federal Reserve. Each chapter is followed by a lively debate.

In this study, the author provides a critical assessment of the official sector's efforts to more effectively manage financial crises in emerging markets. Professor Eichengreen reviews international initiatives on both the crisis prevention and crisis resolution fronts.